CENTIYO: 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.
CENTIYO
Largest movements
- Cash +€38,212
up €38,212 (+267%), from €14,332 to €52,545
mainly Net result for the year (+€60,902) and Receivables within one year (+€19,984)
- Receivables within one year -€19,984
down €19,984 (-47.5%), from €42,074 to €22,090
- Current investments +€15,849
up €15,849 (+8.1%), from €196,835 to €212,684
- Tangible fixed assets -€12,076
down €12,076 (-4.2%), from €285,590 to €273,514
of which Land and buildings: -€8,361
- Reserves +€50,208
up €50,208 (+17.9%), from €280,928 to €331,136
- Tax, wage and social debts -€28,991
down €28,991 (-74.3%), from €38,994 to €10,003
- Debts after one year -€21,882
down €21,882 (-22.3%), from €98,278 to €76,396
- Trade debts +€18,447
up €18,447 (+1,021%), from €1,807 to €20,254
- Gross operating margin -€26,833
down €26,833 (-22.3%), from €120,499 to €93,666
- Financial income -€14,073
down €14,073 (-46.5%), from €30,258 to €16,184
- Taxes -€12,704
down €12,704 (-32.8%), from €38,781 to €26,077
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 | €541,212 | €565,389 | +€24,177 | +4.5% |
| Fixed assets | 21/28 | €285,590 | €273,514 | -€12,076 | -4.2% |
| Tangible fixed assets | 22/27 | €285,590 | €273,514 | -€12,076 | -4.2% |
| Land and buildings | 22 | €259,622 | €251,261 | -€8,361 | -3.2% |
| Plant, machinery and equipment | 23 | €265 | €1,960 | +€1,696 | +640% |
| Furniture and vehicles | 24 | €4,896 | €2,518 | -€2,377 | -48.6% |
| Other tangible fixed assets | 26 | €20,807 | €17,774 | -€3,033 | -14.6% |
| Current assets | 29/58 | €255,623 | €291,876 | +€36,253 | +14.2% |
| Amounts receivable within one year | 40/41 | €42,074 | €22,090 | -€19,984 | -47.5% |
| Trade receivables | 40 | €42,074 | €22,090 | -€19,984 | -47.5% |
| Current investments | 50/53 | €196,835 | €212,684 | +€15,849 | +8.1% |
| Cash at bank and in hand | 54/58 | €14,332 | €52,545 | +€38,212 | +267% |
| Deferred charges and accrued income | 490/1 | €2,382 | €4,558 | +€2,175 | +91.3% |
| Total equity and liabilities | 10/49 | €541,212 | €565,389 | +€24,177 | +4.5% |
| Equity | 10/15 | €367,104 | €417,312 | +€50,208 | +13.7% |
| Contributions | 10/11 | €85,400 | €85,400 | = | 0.0% |
| Reserves | 13 | €280,928 | €331,136 | +€50,208 | +17.9% |
| Distributable reserves | 133 | €280,928 | €331,136 | +€50,208 | +17.9% |
| Profit (loss) carried forward | 14 | €776 | €776 | = | 0.0% |
| Amounts payable | 17/49 | €174,108 | €148,077 | -€26,031 | -15.0% |
| Amounts payable after more than one year | 17 | €98,278 | €76,396 | -€21,882 | -22.3% |
| Financial debts | 170/4 | €98,278 | €76,396 | -€21,882 | -22.3% |
| Amounts payable within one year | 42/48 | €75,831 | €71,681 | -€4,149 | -5.5% |
| Current portion of amounts payable after more than one year | 42 | €23,113 | €26,100 | +€2,987 | +12.9% |
| Trade debts | 44 | €1,807 | €20,254 | +€18,447 | +1,021% |
| Suppliers | 440/4 | €1,807 | €20,254 | +€18,447 | +1,021% |
| Taxes, remuneration and social security | 45 | €38,994 | €10,003 | -€28,991 | -74.3% |
| Taxes | 450/3 | €38,994 | €10,003 | -€28,991 | -74.3% |
| Other amounts payable | 47/48 | €11,917 | €15,325 | +€3,408 | +28.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,061 | €17,237 | +€177 | +1.0% |
| Other operating charges | 640/8 | €2,811 | €2,768 | -€43 | -1.5% |
| Gross operating margin | 9900 | €120,499 | €93,666 | -€26,833 | -22.3% |
| Operating profit (loss) | 9901 | €100,627 | €73,661 | -€26,966 | -26.8% |
| Financial income | 75/76B | €30,258 | €16,184 | -€14,073 | -46.5% |
| Recurring financial income | 75 | €30,258 | €16,184 | -€14,073 | -46.5% |
| Financial charges | 65/66B | €3,478 | €2,866 | -€612 | -17.6% |
| Recurring financial charges | 65 | €3,478 | €2,866 | -€612 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | €127,407 | €86,979 | -€40,428 | -31.7% |
| Income taxes | 67/77 | €38,781 | €26,077 | -€12,704 | -32.8% |
| Profit (loss) for the period | 9904 | €88,627 | €60,902 | -€27,725 | -31.3% |
| Profit (loss) for the period to be appropriated | 9905 | €88,627 | €60,902 | -€27,725 | -31.3% |
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.