Centhro: 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.
Centhro
Largest movements
- Receivables within one year -€83,560
down €83,560 (-41.0%), from €203,755 to €120,195
of which Other amounts receivable: -€60,462
- Cash +€14,053
up €14,053 (+26.2%), from €53,627 to €67,680
mainly Depreciation (+€227,101) and Receivables within one year (+€83,560)
- Receivables after one year +€11,481
up €11,481, from €0 to €11,481
- Tangible fixed assets +€10,779
up €10,779 (+355%), from €3,035 to €13,814
of which Furniture and vehicles: +€10,779
- Deferred charges and accrued income +€6,325
up €6,325 (+62.6%), from €10,110 to €16,435
- Trade debts -€108,390
down €108,390 (-73.0%), from €148,417 to €40,027
- Short-term financial debts +€36,967
up €36,967 (+724%), from €5,103 to €42,070
- Debts after one year +€26,060
up €26,060 (+28.3%), from €92,059 to €118,119
- Tax, wage and social debts +€8,531
up €8,531 (+8.1%), from €105,730 to €114,261
of which Remuneration and social security: +€28,164
- Gross operating margin +€99,967
up €99,967 (+21.7%), from €460,614 to €560,581
- Staff costs +€83,863
up €83,863 (+34.5%), from €242,868 to €326,731
- Depreciation +€64,324
up €64,324 (+39.5%), from €162,777 to €227,101
- Taxes -€29,842
down €29,842, from €18,361 to -€11,481
- Financial charges +€8,075
up €8,075 (+80.4%), from €10,037 to €18,112
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 | €623,260 | €588,329 | -€34,931 | -5.6% |
| Fixed assets | 21/28 | €355,768 | €372,539 | +€16,771 | +4.7% |
| Intangible fixed assets | 21 | €349,953 | €355,945 | +€5,992 | +1.7% |
| Tangible fixed assets | 22/27 | €3,035 | €13,814 | +€10,779 | +355% |
| Furniture and vehicles | 24 | €3,035 | €13,814 | +€10,779 | +355% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €2,780 | €2,780 | = | 0.0% |
| Current assets | 29/58 | €267,492 | €215,790 | -€51,702 | -19.3% |
| Amounts receivable after more than one year | 29 | €0 | €11,481 | +€11,481 | |
| Trade receivables | 290 | €0 | €11,481 | +€11,481 | |
| Amounts receivable within one year | 40/41 | €203,755 | €120,195 | -€83,560 | -41.0% |
| Trade receivables | 40 | €137,961 | €114,863 | -€23,098 | -16.7% |
| Other amounts receivable | 41 | €65,794 | €5,332 | -€60,462 | -91.9% |
| Cash at bank and in hand | 54/58 | €53,627 | €67,680 | +€14,053 | +26.2% |
| Deferred charges and accrued income | 490/1 | €10,110 | €16,435 | +€6,325 | +62.6% |
| Total equity and liabilities | 10/49 | €623,260 | €588,329 | -€34,931 | -5.6% |
| Equity | 10/15 | €215,494 | €211,817 | -€3,677 | -1.7% |
| Contributions | 10/11 | €76,200 | €76,200 | = | 0.0% |
| Reserves | 13 | €5,835 | €5,835 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,835 | €5,835 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,835 | €5,835 | = | 0.0% |
| Profit (loss) carried forward | 14 | €133,459 | €129,782 | -€3,677 | -2.8% |
| Amounts payable | 17/49 | €407,766 | €376,512 | -€31,254 | -7.7% |
| Amounts payable after more than one year | 17 | €92,059 | €118,119 | +€26,060 | +28.3% |
| Financial debts | 170/4 | €92,059 | €118,119 | +€26,060 | +28.3% |
| Amounts payable within one year | 42/48 | €315,707 | €258,393 | -€57,314 | -18.2% |
| Current portion of amounts payable after more than one year | 42 | €56,457 | €62,035 | +€5,579 | +9.9% |
| Financial debts | 43 | €5,103 | €42,070 | +€36,967 | +724% |
| Credit institutions | 430/8 | €5,103 | €42,070 | +€36,967 | +724% |
| Trade debts | 44 | €148,417 | €40,027 | -€108,390 | -73.0% |
| Suppliers | 440/4 | €148,417 | €40,027 | -€108,390 | -73.0% |
| Taxes, remuneration and social security | 45 | €105,730 | €114,261 | +€8,531 | +8.1% |
| Taxes | 450/3 | €61,403 | €41,770 | -€19,633 | -32.0% |
| Remuneration and social security | 454/9 | €44,327 | €72,491 | +€28,164 | +63.5% |
| Accrued charges and deferred income | 492/3 | €0 | €0 | = | |
| Non-recurring operating income | 76A | €9,581 | €0 | -€9,581 | -100% |
| Remuneration, social security and pensions | 62 | €242,868 | €326,731 | +€83,863 | +34.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €162,777 | €227,101 | +€64,324 | +39.5% |
| Other operating charges | 640/8 | €1,605 | €1,412 | -€194 | -12.1% |
| Non-recurring operating charges | 66A | €484 | €4,317 | +€3,833 | +792% |
| Gross operating margin | 9900 | €460,614 | €560,581 | +€99,967 | +21.7% |
| Operating profit (loss) | 9901 | €52,879 | €1,021 | -€51,858 | -98.1% |
| Financial income | 75/76B | €2,130 | €1,934 | -€196 | -9.2% |
| Recurring financial income | 75 | €2,130 | €1,934 | -€196 | -9.2% |
| Financial charges | 65/66B | €10,037 | €18,112 | +€8,075 | +80.4% |
| Recurring financial charges | 65 | €10,037 | €18,112 | +€8,075 | +80.4% |
| Profit (loss) for the period before taxes | 9903 | €44,971 | -€15,158 | -€60,129 | |
| Income taxes | 67/77 | €18,361 | -€11,481 | -€29,842 | |
| Profit (loss) for the period | 9904 | €26,610 | -€3,677 | -€30,287 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,610 | -€3,677 | -€30,287 |
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 15 October 2026 via checked.be.