CENTIDO: 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.
CENTIDO
Largest movements
- Tangible fixed assets -€522,612
down €522,612 (-53.0%), from €986,886 to €464,274
of which Land and buildings: -€526,814
- Receivables within one year -€141,616
down €141,616 (-35.5%), from €398,669 to €257,053
of which Other amounts receivable: -€98,873
- Cash +€127,021
up €127,021 (+471%), from €26,952 to €153,973
mainly Investment in fixed assets (net) (+€496,242) and Receivables within one year (+€141,616)
- Debts after one year -€308,809
down €308,809 (-57.4%), from €538,003 to €229,194
- Short-term financial debts -€200,000
no longer reported in 2025 (was €200,000)
- Reserves -€32,954
down €32,954 (-5.7%), from €581,303 to €548,349
of which Distributable reserves: -€32,954
- Tax, wage and social debts +€18,960
up €18,960 (+90.4%), from €20,978 to €39,938
of which Taxes: +€18,960
- Current portion of long-term debt -€18,605
down €18,605 (-29.5%), from €63,071 to €44,466
- Depreciation -€41,739
down €41,739 (-61.3%), from €68,110 to €26,370
- Taxes +€18,538
up €18,538 (+84.5%), from €21,934 to €40,473
- Gross operating margin +€6,274
up €6,274 (+4.1%), from €153,765 to €160,039
- Financial charges -€4,516
down €4,516 (-19.8%), from €22,841 to €18,325
- Other operating charges -€1,787
down €1,787 (-36.5%), from €4,894 to €3,107
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 | €1,416,946 | €875,505 | -€541,441 | -38.2% |
| Fixed assets | 21/28 | €986,886 | €464,274 | -€522,612 | -53.0% |
| Tangible fixed assets | 22/27 | €986,886 | €464,274 | -€522,612 | -53.0% |
| Land and buildings | 22 | €976,382 | €449,568 | -€526,814 | -54.0% |
| Plant, machinery and equipment | 23 | €4,516 | €2,344 | -€2,171 | -48.1% |
| Furniture and vehicles | 24 | €5,988 | €12,361 | +€6,373 | +106% |
| Current assets | 29/58 | €430,060 | €411,231 | -€18,829 | -4.4% |
| Amounts receivable within one year | 40/41 | €398,669 | €257,053 | -€141,616 | -35.5% |
| Trade receivables | 40 | €116,562 | €73,819 | -€42,743 | -36.7% |
| Other amounts receivable | 41 | €282,106 | €183,233 | -€98,873 | -35.0% |
| Cash at bank and in hand | 54/58 | €26,952 | €153,973 | +€127,021 | +471% |
| Deferred charges and accrued income | 490/1 | €4,439 | €205 | -€4,234 | -95.4% |
| Total equity and liabilities | 10/49 | €1,416,946 | €875,505 | -€541,441 | -38.2% |
| Equity | 10/15 | €587,503 | €554,549 | -€32,954 | -5.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €581,303 | €548,349 | -€32,954 | -5.7% |
| Tax-exempt reserves | 132 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €576,303 | €543,349 | -€32,954 | -5.7% |
| Amounts payable | 17/49 | €829,443 | €320,956 | -€508,487 | -61.3% |
| Amounts payable after more than one year | 17 | €538,003 | €229,194 | -€308,809 | -57.4% |
| Financial debts | 170/4 | €538,003 | €229,194 | -€308,809 | -57.4% |
| Amounts payable within one year | 42/48 | €290,647 | €91,504 | -€199,143 | -68.5% |
| Current portion of amounts payable after more than one year | 42 | €63,071 | €44,466 | -€18,605 | -29.5% |
| Financial debts | 43 | €200,000 | - | -€200,000 | |
| Credit institutions | 430/8 | €200,000 | - | -€200,000 | |
| Trade debts | 44 | €6,597 | €7,099 | +€502 | +7.6% |
| Suppliers | 440/4 | €6,597 | €7,099 | +€502 | +7.6% |
| Taxes, remuneration and social security | 45 | €20,978 | €39,938 | +€18,960 | +90.4% |
| Taxes | 450/3 | €17,978 | €36,938 | +€18,960 | +105% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €793 | €258 | -€535 | -67.5% |
| Non-recurring operating income | 76A | - | €246,224 | +€246,224 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,110 | €26,370 | -€41,739 | -61.3% |
| Other operating charges | 640/8 | €4,894 | €3,107 | -€1,787 | -36.5% |
| Gross operating margin | 9900 | €153,765 | €160,039 | +€6,274 | +4.1% |
| Operating profit (loss) | 9901 | €80,761 | €130,561 | +€49,800 | +61.7% |
| Financial income | 75/76B | €17,025 | €16,320 | -€705 | -4.1% |
| Recurring financial income | 75 | €17,025 | €16,320 | -€705 | -4.1% |
| Financial charges | 65/66B | €22,841 | €18,325 | -€4,516 | -19.8% |
| Recurring financial charges | 65 | €22,841 | €18,325 | -€4,516 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €74,945 | €128,557 | +€53,612 | +71.5% |
| Income taxes | 67/77 | €21,934 | €40,473 | +€18,538 | +84.5% |
| Profit (loss) for the period | 9904 | €53,011 | €88,084 | +€35,073 | +66.2% |
| Profit (loss) for the period to be appropriated | 9905 | €53,011 | €88,084 | +€35,073 | +66.2% |
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 13 October 2026 via checked.be.