CENTINELA: 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.
CENTINELA
Largest movements
- Receivables within one year +€30,687
up €30,687 (+77.4%), from €39,667 to €70,355
of which Trade receivables: +€28,600
- Cash +€11,361
up €11,361, from €0 to €11,361
mainly Accrued charges and deferred income (+€15,418) and Net result for the year (+€10,733)
- Deferred charges and accrued income -€5,455
down €5,455 (-35.5%), from €15,364 to €9,908
- Tangible fixed assets -€2,071
down €2,071 (-51.8%), from €4,001 to €1,930
of which Furniture and vehicles: -€1,728
- Accrued charges and deferred income +€15,418
up €15,418 (+963,650%), from €2 to €15,420
- Profit (loss) carried forward +€10,733
up €10,733 (+11.3%), from -€94,652 to -€83,920
- Tax, wage and social debts +€10,396
up €10,396 (+1,171%), from €888 to €11,284
- Trade debts -€1,461
down €1,461 (-15.8%), from €9,220 to €7,759
- Gross operating margin +€46,475
up €46,475, from -€32,200 to €14,275
- Financial charges -€1,166
down €1,166 (-54.4%), from €2,142 to €976
- Other operating charges -€910
down €910 (-85.6%), from €1,064 to €153
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 | €72,336 | €107,259 | +€34,924 | +48.3% |
| Fixed assets | 21/28 | €4,001 | €2,220 | -€1,781 | -44.5% |
| Intangible fixed assets | 21 | - | €290 | +€290 | |
| Tangible fixed assets | 22/27 | €4,001 | €1,930 | -€2,071 | -51.8% |
| Plant, machinery and equipment | 23 | €1,014 | €671 | -€343 | -33.8% |
| Furniture and vehicles | 24 | €2,987 | €1,259 | -€1,728 | -57.8% |
| Current assets | 29/58 | €68,335 | €105,039 | +€36,704 | +53.7% |
| Amounts receivable within one year | 40/41 | €39,667 | €70,355 | +€30,687 | +77.4% |
| Trade receivables | 40 | €36,647 | €65,247 | +€28,600 | +78.0% |
| Other amounts receivable | 41 | €3,020 | €5,108 | +€2,087 | +69.1% |
| Current investments | 50/53 | €13,304 | €13,415 | +€112 | +0.8% |
| Cash at bank and in hand | 54/58 | €0 | €11,361 | +€11,361 | |
| Deferred charges and accrued income | 490/1 | €15,364 | €9,908 | -€5,455 | -35.5% |
| Total equity and liabilities | 10/49 | €72,336 | €107,259 | +€34,924 | +48.3% |
| Equity | 10/15 | -€26,472 | -€15,740 | +€10,733 | +40.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €61,980 | €61,980 | = | 0.0% |
| Distributable reserves | 133 | €61,980 | €61,980 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€94,652 | -€83,920 | +€10,733 | +11.3% |
| Amounts payable | 17/49 | €98,808 | €122,999 | +€24,191 | +24.5% |
| Amounts payable after more than one year | 17 | €12,500 | €12,500 | = | 0.0% |
| Financial debts | 170/4 | €12,500 | €12,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €86,307 | €95,079 | +€8,773 | +10.2% |
| Financial debts | 43 | €4,482 | €3,893 | -€589 | -13.1% |
| Credit institutions | 430/8 | €4,482 | €3,893 | -€589 | -13.1% |
| Trade debts | 44 | €9,220 | €7,759 | -€1,461 | -15.8% |
| Suppliers | 440/4 | €9,220 | €7,759 | -€1,461 | -15.8% |
| Taxes, remuneration and social security | 45 | €888 | €11,284 | +€10,396 | +1,171% |
| Taxes | 450/3 | €888 | €11,284 | +€10,396 | +1,171% |
| Other amounts payable | 47/48 | €71,717 | €72,143 | +€426 | +0.6% |
| Accrued charges and deferred income | 492/3 | €2 | €15,420 | +€15,418 | +963,650% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,060 | €2,216 | +€156 | +7.6% |
| Other operating charges | 640/8 | €1,064 | €153 | -€910 | -85.6% |
| Gross operating margin | 9900 | -€32,200 | €14,275 | +€46,475 | |
| Operating profit (loss) | 9901 | -€35,323 | €11,906 | +€47,229 | |
| Financial income | 75/76B | €94 | €159 | +€65 | +68.9% |
| Recurring financial income | 75 | €94 | €159 | +€65 | +68.9% |
| Financial charges | 65/66B | €2,142 | €976 | -€1,166 | -54.4% |
| Recurring financial charges | 65 | €2,142 | €976 | -€1,166 | -54.4% |
| Profit (loss) for the period before taxes | 9903 | -€37,371 | €11,089 | +€48,460 | |
| Income taxes | 67/77 | €521 | €357 | -€164 | -31.5% |
| Profit (loss) for the period | 9904 | -€37,892 | €10,733 | +€48,624 | |
| Profit (loss) for the period to be appropriated | 9905 | -€37,892 | €10,733 | +€48,624 |
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 22 October 2026 via checked.be.