CENTER PRINT: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
CENTER PRINT
Largest movements
- Cash -€9,961
down €9,961 (-47.3%), from €21,079 to €11,118
mainly Net result for the year (-€6,987) and Debts after one year (-€5,475)
- Tangible fixed assets -€3,060
down €3,060 (-1.9%), from €160,150 to €157,091
of which Plant, machinery and equipment: -€1,741
- Reserves -€20,000
down €20,000 (-23.8%), from €84,000 to €64,000
- Profit (loss) carried forward +€9,013
up €9,013, from -€8,702 to €311
- Debts after one year -€5,475
down €5,475 (-5.9%), from €92,206 to €86,731
- Trade debts +€2,631
up €2,631 (+68.3%), from €3,853 to €6,484
- Gross operating margin -€21,303
down €21,303 (-92.0%), from €23,168 to €1,864
- Financial charges -€6,907
down €6,907 (-53.8%), from €12,850 to €5,943
- Depreciation -€3,311
down €3,311 (-52.0%), from €6,370 to €3,060
- Taxes -€1,726
down €1,726, from €1,246 to -€480
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €208,092 | €196,809 | -€11,284 | -5.4% |
| Fixed assets | 21/28 | €160,150 | €157,091 | -€3,060 | -1.9% |
| Tangible fixed assets | 22/27 | €160,150 | €157,091 | -€3,060 | -1.9% |
| Plant, machinery and equipment | 23 | €1,741 | - | -€1,741 | |
| Furniture and vehicles | 24 | €3,447 | €2,128 | -€1,319 | -38.3% |
| Assets under construction and advance payments | 27 | €154,963 | €154,963 | = | 0.0% |
| Current assets | 29/58 | €47,942 | €39,718 | -€8,224 | -17.2% |
| Stocks and contracts in progress | 3 | €4,258 | €5,763 | +€1,505 | +35.4% |
| Stocks | 30/36 | €4,258 | €5,763 | +€1,505 | +35.4% |
| Amounts receivable within one year | 40/41 | €20,541 | €22,437 | +€1,895 | +9.2% |
| Trade receivables | 40 | €16,788 | €22,437 | +€5,649 | +33.6% |
| Other amounts receivable | 41 | €3,754 | - | -€3,754 | |
| Cash at bank and in hand | 54/58 | €21,079 | €11,118 | -€9,961 | -47.3% |
| Deferred charges and accrued income | 490/1 | €2,064 | €400 | -€1,664 | -80.6% |
| Total equity and liabilities | 10/49 | €208,092 | €196,809 | -€11,284 | -5.4% |
| Equity | 10/15 | €93,258 | €82,271 | -€10,987 | -11.8% |
| Contributions | 10/11 | €17,960 | €17,960 | = | 0.0% |
| Reserves | 13 | €84,000 | €64,000 | -€20,000 | -23.8% |
| Distributable reserves | 133 | €84,000 | €64,000 | -€20,000 | -23.8% |
| Profit (loss) carried forward | 14 | -€8,702 | €311 | +€9,013 | |
| Amounts payable | 17/49 | €114,834 | €114,538 | -€296 | -0.3% |
| Amounts payable after more than one year | 17 | €92,206 | €86,731 | -€5,475 | -5.9% |
| Financial debts | 170/4 | €92,206 | €86,731 | -€5,475 | -5.9% |
| Amounts payable within one year | 42/48 | €22,629 | €25,743 | +€3,114 | +13.8% |
| Current portion of amounts payable after more than one year | 42 | €5,254 | €5,475 | +€221 | +4.2% |
| Financial debts | 43 | €1,134 | - | -€1,134 | |
| Credit institutions | 430/8 | €1,134 | - | -€1,134 | |
| Trade debts | 44 | €3,853 | €6,484 | +€2,631 | +68.3% |
| Suppliers | 440/4 | €3,853 | €6,484 | +€2,631 | +68.3% |
| Taxes, remuneration and social security | 45 | €11,885 | €12,136 | +€251 | +2.1% |
| Taxes | 450/3 | €9,685 | €10,336 | +€651 | +6.7% |
| Remuneration and social security | 454/9 | €2,200 | €1,800 | -€400 | -18.2% |
| Other amounts payable | 47/48 | €504 | €1,648 | +€1,144 | +227% |
| Accrued charges and deferred income | 492/3 | - | €2,065 | +€2,065 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,370 | €3,060 | -€3,311 | -52.0% |
| Other operating charges | 640/8 | €388 | €392 | +€4 | +1.1% |
| Non-recurring operating charges | 66A | €117 | - | -€117 | |
| Gross operating margin | 9900 | €23,168 | €1,864 | -€21,303 | -92.0% |
| Operating profit (loss) | 9901 | €16,293 | -€1,587 | -€17,880 | |
| Financial income | 75/76B | €227 | €64 | -€163 | -72.0% |
| Recurring financial income | 75 | €227 | €64 | -€163 | -72.0% |
| Financial charges | 65/66B | €12,850 | €5,943 | -€6,907 | -53.8% |
| Recurring financial charges | 65 | €12,850 | €5,943 | -€6,907 | -53.8% |
| Profit (loss) for the period before taxes | 9903 | €3,670 | -€7,467 | -€11,137 | |
| Income taxes | 67/77 | €1,246 | -€480 | -€1,726 | |
| Profit (loss) for the period | 9904 | €2,423 | -€6,987 | -€9,411 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,423 | -€6,987 | -€9,411 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.