CENTIF: 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.
CENTIF
Largest movements
- Receivables within one year +€407,093
up €407,093 (+102.1%), from €398,675 to €805,768
of which Trade receivables: +€288,602
- Stocks and contracts +€186,808
up €186,808 (+167.0%), from €111,854 to €298,661
of which Contracts in progress: +€173,518
- Financial fixed assets +€44,000
up €44,000 (+733.3%), from €6,000 to €50,000
- Tangible fixed assets +€41,800
up €41,800 (+36.1%), from €115,815 to €157,616
of which Land and buildings: +€30,431
- Reserves +€378,854
up €378,854 (+93.6%), from €404,941 to €783,795
- Trade debts +€132,636
up €132,636 (+132.6%), from €100,033 to €232,669
- Tax, wage and social debts +€112,340
up €112,340 (+49.6%), from €226,553 to €338,893
of which Taxes: +€107,441
- Advances received +€92,855
new in 2025: €92,855
- Debts after one year -€21,783
down €21,783 (-48.9%), from €44,568 to €22,785
- Gross operating margin +€346,543
up €346,543 (+33.2%), from €1.0m to €1.4m
- Staff costs +€170,719
up €170,719 (+28.3%), from €602,510 to €773,229
- Taxes +€39,341
up €39,341 (+39.7%), from €98,989 to €138,330
- Depreciation +€20,251
up €20,251 (+36.0%), from €56,288 to €76,539
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 | €1,007,000 | €1,699,710 | +€692,710 | +68.8% |
| Fixed assets | 21/28 | €121,815 | €207,616 | +€85,800 | +70.4% |
| Tangible fixed assets | 22/27 | €115,815 | €157,616 | +€41,800 | +36.1% |
| Land and buildings | 22 | - | €30,431 | +€30,431 | |
| Plant, machinery and equipment | 23 | €709 | €6,721 | +€6,012 | +848.3% |
| Furniture and vehicles | 24 | €4,292 | €21,461 | +€17,169 | +400.0% |
| Leasing and similar rights | 25 | €110,814 | €99,003 | -€11,812 | -10.7% |
| Financial fixed assets | 28 | €6,000 | €50,000 | +€44,000 | +733.3% |
| Current assets | 29/58 | €885,185 | €1,492,094 | +€606,909 | +68.6% |
| Stocks and contracts in progress | 3 | €111,854 | €298,661 | +€186,808 | +167.0% |
| Stocks | 30/36 | €10,494 | €23,784 | +€13,289 | +126.6% |
| Contracts in progress | 37 | €101,359 | €274,878 | +€173,518 | +171.2% |
| Amounts receivable within one year | 40/41 | €398,675 | €805,768 | +€407,093 | +102.1% |
| Trade receivables | 40 | €398,675 | €687,277 | +€288,602 | +72.4% |
| Other amounts receivable | 41 | - | €118,491 | +€118,491 | |
| Cash at bank and in hand | 54/58 | €371,057 | €374,874 | +€3,817 | +1.0% |
| Deferred charges and accrued income | 490/1 | €3,599 | €12,791 | +€9,192 | +255.4% |
| Total equity and liabilities | 10/49 | €1,007,000 | €1,699,710 | +€692,710 | +68.8% |
| Equity | 10/15 | €579,941 | €958,795 | +€378,854 | +65.3% |
| Contributions | 10/11 | €175,000 | €175,000 | = | 0.0% |
| Reserves | 13 | €404,941 | €783,795 | +€378,854 | +93.6% |
| Distributable reserves | 133 | €404,941 | €783,795 | +€378,854 | +93.6% |
| Amounts payable | 17/49 | €427,059 | €740,915 | +€313,856 | +73.5% |
| Amounts payable after more than one year | 17 | €44,568 | €22,785 | -€21,783 | -48.9% |
| Financial debts | 170/4 | €44,568 | €22,785 | -€21,783 | -48.9% |
| Amounts payable within one year | 42/48 | €382,491 | €718,130 | +€335,639 | +87.8% |
| Current portion of amounts payable after more than one year | 42 | €55,906 | €53,712 | -€2,193 | -3.9% |
| Trade debts | 44 | €100,033 | €232,669 | +€132,636 | +132.6% |
| Suppliers | 440/4 | €100,033 | €232,669 | +€132,636 | +132.6% |
| Advances received on contracts in progress | 46 | - | €92,855 | +€92,855 | |
| Taxes, remuneration and social security | 45 | €226,553 | €338,893 | +€112,340 | +49.6% |
| Taxes | 450/3 | €106,037 | €213,478 | +€107,441 | +101.3% |
| Remuneration and social security | 454/9 | €120,516 | €125,415 | +€4,899 | +4.1% |
| Remuneration, social security and pensions | 62 | €602,510 | €773,229 | +€170,719 | +28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,288 | €76,539 | +€20,251 | +36.0% |
| Other operating charges | 640/8 | €11,871 | €14,788 | +€2,917 | +24.6% |
| Gross operating margin | 9900 | €1,042,280 | €1,388,823 | +€346,543 | +33.2% |
| Operating profit (loss) | 9901 | €371,612 | €524,267 | +€152,655 | +41.1% |
| Financial income | 75/76B | €182 | €41 | -€141 | -77.7% |
| Recurring financial income | 75 | €0 | €41 | +€41 | |
| Non-recurring financial income | 76B | €182 | - | -€182 | |
| Financial charges | 65/66B | €12,042 | €7,124 | -€4,917 | -40.8% |
| Recurring financial charges | 65 | €12,042 | €7,124 | -€4,917 | -40.8% |
| Profit (loss) for the period before taxes | 9903 | €359,752 | €517,183 | +€157,431 | +43.8% |
| Income taxes | 67/77 | €98,989 | €138,330 | +€39,341 | +39.7% |
| Profit (loss) for the period | 9904 | €260,763 | €378,854 | +€118,090 | +45.3% |
| Profit (loss) for the period to be appropriated | 9905 | €260,763 | €378,854 | +€118,090 | +45.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.