CENTER ZUID: 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 ZUID
Largest movements
- Cash +€133,794
up €133,794 (+65.9%), from €203,154 to €336,948
mainly Net result for the year (+€171,639) and Depreciation (+€44,592)
- Receivables after one year -€30,000
no longer reported in 2026 (was €30,000)
- Receivables within one year -€11,930
down €11,930 (-14.2%), from €84,254 to €72,324
of which Trade receivables: -€12,696
- Intangible fixed assets +€6,281
new in 2026: €6,281
- Reserves +€146,639
up €146,639 (+44.2%), from €331,912 to €478,551
- Other debts -€40,639
down €40,639 (-79.5%), from €51,142 to €10,504
- Staff costs -€56,266
down €56,266 (-42.2%), from €133,324 to €77,058
- Financial income -€11,626
down €11,626 (-93.2%), from €12,473 to €848
of which Non-recurring financial income: -€10,000
- Taxes +€9,746
up €9,746 (+14.4%), from €67,681 to €77,427
- Depreciation +€9,144
up €9,144 (+25.8%), from €35,449 to €44,592
- Gross operating margin +€5,330
up €5,330 (+1.4%), from €368,938 to €374,267
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €496,206 | €600,584 | +€104,378 | +21.0% |
| Fixed assets | 21/28 | €171,944 | €183,721 | +€11,777 | +6.8% |
| Intangible fixed assets | 21 | - | €6,281 | +€6,281 | |
| Tangible fixed assets | 22/27 | €171,294 | €176,790 | +€5,496 | +3.2% |
| Land and buildings | 22 | €57,503 | €56,447 | -€1,055 | -1.8% |
| Plant, machinery and equipment | 23 | €20,218 | €12,344 | -€7,874 | -38.9% |
| Furniture and vehicles | 24 | €92,337 | €107,006 | +€14,669 | +15.9% |
| Other tangible fixed assets | 26 | €1,237 | €992 | -€244 | -19.8% |
| Financial fixed assets | 28 | €650 | €650 | = | 0.0% |
| Current assets | 29/58 | €324,261 | €416,862 | +€92,601 | +28.6% |
| Amounts receivable after more than one year | 29 | €30,000 | - | -€30,000 | |
| Other amounts receivable | 291 | €30,000 | - | -€30,000 | |
| Amounts receivable within one year | 40/41 | €84,254 | €72,324 | -€11,930 | -14.2% |
| Trade receivables | 40 | €81,745 | €69,049 | -€12,696 | -15.5% |
| Other amounts receivable | 41 | €2,510 | €3,275 | +€766 | +30.5% |
| Cash at bank and in hand | 54/58 | €203,154 | €336,948 | +€133,794 | +65.9% |
| Deferred charges and accrued income | 490/1 | €6,853 | €7,590 | +€737 | +10.7% |
| Total equity and liabilities | 10/49 | €496,206 | €600,584 | +€104,378 | +21.0% |
| Equity | 10/15 | €350,512 | €497,151 | +€146,639 | +41.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €331,912 | €478,551 | +€146,639 | +44.2% |
| Distributable reserves | 133 | €331,912 | €478,551 | +€146,639 | +44.2% |
| Amounts payable | 17/49 | €145,694 | €103,432 | -€42,261 | -29.0% |
| Amounts payable within one year | 42/48 | €145,694 | €101,165 | -€44,529 | -30.6% |
| Current portion of amounts payable after more than one year | 42 | €2,222 | - | -€2,222 | |
| Trade debts | 44 | €56,238 | €52,490 | -€3,748 | -6.7% |
| Suppliers | 440/4 | €56,238 | €52,490 | -€3,748 | -6.7% |
| Taxes, remuneration and social security | 45 | €36,091 | €38,171 | +€2,080 | +5.8% |
| Taxes | 450/3 | €15,784 | €28,822 | +€13,038 | +82.6% |
| Remuneration and social security | 454/9 | €20,307 | €9,349 | -€10,959 | -54.0% |
| Other amounts payable | 47/48 | €51,142 | €10,504 | -€40,639 | -79.5% |
| Accrued charges and deferred income | 492/3 | - | €2,268 | +€2,268 | |
| Remuneration, social security and pensions | 62 | €133,324 | €77,058 | -€56,266 | -42.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,449 | €44,592 | +€9,144 | +25.8% |
| Other operating charges | 640/8 | €3,312 | €3,234 | -€78 | -2.4% |
| Gross operating margin | 9900 | €368,938 | €374,267 | +€5,330 | +1.4% |
| Operating profit (loss) | 9901 | €196,853 | €249,383 | +€52,530 | +26.7% |
| Financial income | 75/76B | €12,473 | €848 | -€11,626 | -93.2% |
| Recurring financial income | 75 | €2,473 | €848 | -€1,626 | -65.7% |
| Non-recurring financial income | 76B | €10,000 | - | -€10,000 | |
| Financial charges | 65/66B | €3,556 | €1,164 | -€2,392 | -67.3% |
| Recurring financial charges | 65 | €3,556 | €1,164 | -€2,392 | -67.3% |
| Profit (loss) for the period before taxes | 9903 | €205,770 | €249,066 | +€43,296 | +21.0% |
| Income taxes | 67/77 | €67,681 | €77,427 | +€9,746 | +14.4% |
| Profit (loss) for the period | 9904 | €138,089 | €171,639 | +€33,550 | +24.3% |
| Profit (loss) for the period to be appropriated | 9905 | €138,089 | €171,639 | +€33,550 | +24.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.