Centho 't SAS: 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.
Centho 't SAS
Largest movements
- Tangible fixed assets -€119,414
down €119,414 (-7.7%), from €1.6m to €1.4m
of which Furniture and vehicles: -€89,026
- Receivables within one year +€81,245
up €81,245 (+50.6%), from €160,570 to €241,815
of which Trade receivables: +€67,783
- Cash +€72,331
up €72,331 (+20.0%), from €361,052 to €433,383
mainly Net result for the year (+€160,818) and Depreciation (+€126,441)
- Stocks and contracts +€59,757
up €59,757 (+28.1%), from €212,653 to €272,410
- Debts after one year -€181,025
down €181,025 (-22.7%), from €796,232 to €615,207
of which Financial debts: -€162,275
- Reserves +€90,000
up €90,000 (+48.5%), from €185,560 to €275,560
of which Distributable reserves: +€90,000
- Profit (loss) carried forward +€70,818
up €70,818 (+10.0%), from €709,557 to €780,375
- Trade debts +€70,441
up €70,441 (+46.1%), from €152,902 to €223,343
- Other debts +€32,899
up €32,899 (+17.6%), from €186,937 to €219,836
- Gross operating margin +€23,672
up €23,672 (+3.9%), from €607,870 to €631,542
- Taxes -€6,645
down €6,645 (-11.0%), from €60,334 to €53,689
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 | €2,288,690 | €2,383,622 | +€94,932 | +4.1% |
| Fixed assets | 21/28 | €1,554,415 | €1,433,625 | -€120,790 | -7.8% |
| Tangible fixed assets | 22/27 | €1,553,039 | €1,433,625 | -€119,414 | -7.7% |
| Land and buildings | 22 | €686,846 | €679,109 | -€7,737 | -1.1% |
| Plant, machinery and equipment | 23 | €350,388 | €327,737 | -€22,651 | -6.5% |
| Furniture and vehicles | 24 | €515,805 | €426,779 | -€89,026 | -17.3% |
| Financial fixed assets | 28 | €1,376 | - | -€1,376 | |
| Current assets | 29/58 | €734,275 | €949,997 | +€215,722 | +29.4% |
| Stocks and contracts in progress | 3 | €212,653 | €272,410 | +€59,757 | +28.1% |
| Stocks | 30/36 | €212,653 | €272,410 | +€59,757 | +28.1% |
| Amounts receivable within one year | 40/41 | €160,570 | €241,815 | +€81,245 | +50.6% |
| Trade receivables | 40 | €160,566 | €228,349 | +€67,783 | +42.2% |
| Other amounts receivable | 41 | €4 | €13,466 | +€13,462 | +336,550% |
| Cash at bank and in hand | 54/58 | €361,052 | €433,383 | +€72,331 | +20.0% |
| Deferred charges and accrued income | 490/1 | - | €2,389 | +€2,389 | |
| Total equity and liabilities | 10/49 | €2,288,690 | €2,383,622 | +€94,932 | +4.1% |
| Equity | 10/15 | €913,867 | €1,074,685 | +€160,818 | +17.6% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €185,560 | €275,560 | +€90,000 | +48.5% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Distributable reserves | 133 | €183,685 | €273,685 | +€90,000 | +49.0% |
| Profit (loss) carried forward | 14 | €709,557 | €780,375 | +€70,818 | +10.0% |
| Amounts payable | 17/49 | €1,374,823 | €1,308,937 | -€65,886 | -4.8% |
| Amounts payable after more than one year | 17 | €796,232 | €615,207 | -€181,025 | -22.7% |
| Financial debts | 170/4 | €777,482 | €615,207 | -€162,275 | -20.9% |
| Other amounts payable | 178/9 | €18,750 | - | -€18,750 | |
| Amounts payable within one year | 42/48 | €578,591 | €693,730 | +€115,139 | +19.9% |
| Current portion of amounts payable after more than one year | 42 | €184,007 | €165,271 | -€18,736 | -10.2% |
| Trade debts | 44 | €152,902 | €223,343 | +€70,441 | +46.1% |
| Suppliers | 440/4 | €152,902 | €223,343 | +€70,441 | +46.1% |
| Taxes, remuneration and social security | 45 | €54,745 | €85,280 | +€30,535 | +55.8% |
| Taxes | 450/3 | €54,745 | €85,280 | +€30,535 | +55.8% |
| Other amounts payable | 47/48 | €186,937 | €219,836 | +€32,899 | +17.6% |
| Remuneration, social security and pensions | 62 | €252,675 | €249,189 | -€3,486 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,851 | €126,441 | +€2,590 | +2.1% |
| Other operating charges | 640/8 | €4,811 | €5,014 | +€203 | +4.2% |
| Gross operating margin | 9900 | €607,870 | €631,542 | +€23,672 | +3.9% |
| Operating profit (loss) | 9901 | €226,533 | €250,898 | +€24,365 | +10.8% |
| Financial income | 75/76B | €185 | €2 | -€183 | -98.9% |
| Recurring financial income | 75 | €185 | €2 | -€183 | -98.9% |
| Financial charges | 65/66B | €35,179 | €36,393 | +€1,214 | +3.5% |
| Recurring financial charges | 65 | €35,179 | €36,393 | +€1,214 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €191,539 | €214,507 | +€22,968 | +12.0% |
| Income taxes | 67/77 | €60,334 | €53,689 | -€6,645 | -11.0% |
| Profit (loss) for the period | 9904 | €131,205 | €160,818 | +€29,613 | +22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €131,205 | €160,818 | +€29,613 | +22.6% |
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 30 October 2026 via checked.be.