CENTERED: what changed
Two fiscal 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.
CENTERED
Largest movements
- Cash +€172,434
up €172,434 (+47.5%), from €362,787 to €535,221
mainly Net result for the year (+€533,223) and Other debts (+€269,278)
- Receivables within one year +€58,218
up €58,218 (+461.6%), from €12,612 to €70,829
of which Trade receivables: +€57,270
- Tangible fixed assets -€24,206
down €24,206 (-30.4%), from €79,533 to €55,326
of which Furniture and vehicles: -€23,084
- Other debts +€269,278
up €269,278 (+79.9%), from €337,186 to €606,464
- Reserves -€69,985
down €69,985 (-85.0%), from €82,373 to €12,388
- Tax, wage and social debts +€12,474
up €12,474 (+71.9%), from €17,357 to €29,831
- Gross operating margin +€170,079
up €170,079 (+30.2%), from €562,360 to €732,439
- Taxes +€42,771
up €42,771 (+32.8%), from €130,471 to €173,242
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.
Cash bridge derived
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 | €461,315 | €669,180 | +€207,865 | +45.1% |
| Fixed assets | 21/28 | €79,533 | €55,326 | -€24,206 | -30.4% |
| Tangible fixed assets | 22/27 | €79,533 | €55,326 | -€24,206 | -30.4% |
| Land and buildings | 22 | €1,523 | €1,325 | -€198 | -13.0% |
| Plant, machinery and equipment | 23 | €1,090 | €166 | -€924 | -84.7% |
| Furniture and vehicles | 24 | €76,919 | €53,835 | -€23,084 | -30.0% |
| Current assets | 29/58 | €381,782 | €613,853 | +€232,071 | +60.8% |
| Amounts receivable within one year | 40/41 | €12,612 | €70,829 | +€58,218 | +461.6% |
| Trade receivables | 40 | €6,799 | €64,069 | +€57,270 | +842.3% |
| Other amounts receivable | 41 | €5,813 | €6,761 | +€948 | +16.3% |
| Cash at bank and in hand | 54/58 | €362,787 | €535,221 | +€172,434 | +47.5% |
| Deferred charges and accrued income | 490/1 | €6,384 | €7,803 | +€1,419 | +22.2% |
| Total equity and liabilities | 10/49 | €461,315 | €669,180 | +€207,865 | +45.1% |
| Equity | 10/15 | €100,973 | €30,988 | -€69,985 | -69.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €82,373 | €12,388 | -€69,985 | -85.0% |
| Distributable reserves | 133 | €82,373 | €12,388 | -€69,985 | -85.0% |
| Amounts payable | 17/49 | €360,342 | €638,192 | +€277,850 | +77.1% |
| Amounts payable within one year | 42/48 | €359,442 | €637,484 | +€278,041 | +77.4% |
| Financial debts | 43 | €223 | €411 | +€187 | +84.0% |
| Credit institutions | 430/8 | €223 | €411 | +€187 | +84.0% |
| Trade debts | 44 | €4,676 | €778 | -€3,898 | -83.4% |
| Suppliers | 440/4 | €4,676 | €778 | -€3,898 | -83.4% |
| Taxes, remuneration and social security | 45 | €17,357 | €29,831 | +€12,474 | +71.9% |
| Taxes | 450/3 | €17,357 | €29,831 | +€12,474 | +71.9% |
| Other amounts payable | 47/48 | €337,186 | €606,464 | +€269,278 | +79.9% |
| Accrued charges and deferred income | 492/3 | €900 | €708 | -€192 | -21.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,313 | €24,206 | +€893 | +3.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,637 | - | -€2,637 | |
| Other operating charges | 640/8 | €645 | €1,262 | +€617 | +95.7% |
| Gross operating margin | 9900 | €562,360 | €732,439 | +€170,079 | +30.2% |
| Operating profit (loss) | 9901 | €535,766 | €706,972 | +€171,205 | +32.0% |
| Financial income | 75/76B | €12 | €0 | -€12 | -99.8% |
| Recurring financial income | 75 | €12 | €0 | -€12 | -99.8% |
| Financial charges | 65/66B | €322 | €506 | +€184 | +57.1% |
| Recurring financial charges | 65 | €322 | €506 | +€184 | +57.1% |
| Profit (loss) for the period before taxes | 9903 | €535,456 | €706,466 | +€171,009 | +31.9% |
| Income taxes | 67/77 | €130,471 | €173,242 | +€42,771 | +32.8% |
| Profit (loss) for the period | 9904 | €404,985 | €533,223 | +€128,238 | +31.7% |
| Profit (loss) for the period to be appropriated | 9905 | €404,985 | €533,223 | +€128,238 | +31.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.