CENTNER: 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.
CENTNER
Largest movements
- Receivables within one year -€282,965
down €282,965 (-61.8%), from €457,569 to €174,604
of which Trade receivables: -€287,445
- Stocks and contracts -€184,158
down €184,158 (-52.4%), from €351,519 to €167,361
- Financial fixed assets -€57,780
down €57,780 (-84.2%), from €68,655 to €10,875
- Cash +€46,519
up €46,519 (+17.2%), from €270,816 to €317,335
mainly Receivables within one year (+€282,965) and Stocks and contracts (+€184,158)
- Tangible fixed assets -€22,669
down €22,669 (-17.9%), from €126,885 to €104,216
of which Furniture and vehicles: -€19,292
- Trade debts -€407,213
down €407,213 (-64.3%), from €633,487 to €226,274
- Tax, wage and social debts -€41,908
down €41,908 (-53.4%), from €78,417 to €36,509
of which Taxes: -€44,057
- Debts after one year -€16,084
down €16,084 (-65.3%), from €24,617 to €8,533
- Other debts -€14,612
down €14,612 (-9.1%), from €159,725 to €145,113
- Gross operating margin +€29,951
up €29,951 (+6.9%), from €432,565 to €462,515
- Staff costs +€15,819
up €15,819 (+4.8%), from €332,677 to €348,496
- Taxes +€7,605
up €7,605 (+52.2%), from €14,562 to €22,167
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 | €1,282,552 | €784,633 | -€497,920 | -38.8% |
| Fixed assets | 21/28 | €195,541 | €115,092 | -€80,449 | -41.1% |
| Tangible fixed assets | 22/27 | €126,885 | €104,216 | -€22,669 | -17.9% |
| Plant, machinery and equipment | 23 | €1,335 | €1,023 | -€312 | -23.4% |
| Furniture and vehicles | 24 | €73,752 | €54,460 | -€19,292 | -26.2% |
| Leasing and similar rights | 25 | €49,983 | €38,463 | -€11,520 | -23.0% |
| Other tangible fixed assets | 26 | €1,815 | €10,270 | +€8,455 | +465.8% |
| Financial fixed assets | 28 | €68,655 | €10,875 | -€57,780 | -84.2% |
| Current assets | 29/58 | €1,087,012 | €669,541 | -€417,471 | -38.4% |
| Stocks and contracts in progress | 3 | €351,519 | €167,361 | -€184,158 | -52.4% |
| Stocks | 30/36 | €351,519 | €167,361 | -€184,158 | -52.4% |
| Amounts receivable within one year | 40/41 | €457,569 | €174,604 | -€282,965 | -61.8% |
| Trade receivables | 40 | €452,294 | €164,849 | -€287,445 | -63.6% |
| Other amounts receivable | 41 | €5,276 | €9,755 | +€4,480 | +84.9% |
| Cash at bank and in hand | 54/58 | €270,816 | €317,335 | +€46,519 | +17.2% |
| Deferred charges and accrued income | 490/1 | €7,107 | €10,240 | +€3,133 | +44.1% |
| Total equity and liabilities | 10/49 | €1,282,552 | €784,633 | -€497,920 | -38.8% |
| Equity | 10/15 | €362,258 | €351,720 | -€10,538 | -2.9% |
| Contributions | 10/11 | €34,471 | €34,471 | = | 0.0% |
| Reserves | 13 | €320,830 | €315,830 | -€5,000 | -1.6% |
| Non-distributable reserves | 130/1 | €3,447 | €3,447 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,447 | €3,447 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,383 | €17,383 | = | 0.0% |
| Distributable reserves | 133 | €300,000 | €295,000 | -€5,000 | -1.7% |
| Profit (loss) carried forward | 14 | €6,957 | €1,419 | -€5,538 | -79.6% |
| Amounts payable | 17/49 | €920,295 | €432,913 | -€487,382 | -53.0% |
| Amounts payable after more than one year | 17 | €24,617 | €8,533 | -€16,084 | -65.3% |
| Financial debts | 170/4 | €24,617 | €8,533 | -€16,084 | -65.3% |
| Amounts payable within one year | 42/48 | €886,480 | €423,980 | -€462,499 | -52.2% |
| Current portion of amounts payable after more than one year | 42 | €14,851 | €16,084 | +€1,233 | +8.3% |
| Trade debts | 44 | €633,487 | €226,274 | -€407,213 | -64.3% |
| Suppliers | 440/4 | €633,487 | €226,274 | -€407,213 | -64.3% |
| Taxes, remuneration and social security | 45 | €78,417 | €36,509 | -€41,908 | -53.4% |
| Taxes | 450/3 | €44,381 | €324 | -€44,057 | -99.3% |
| Remuneration and social security | 454/9 | €34,036 | €36,185 | +€2,149 | +6.3% |
| Other amounts payable | 47/48 | €159,725 | €145,113 | -€14,612 | -9.1% |
| Accrued charges and deferred income | 492/3 | €9,198 | €400 | -€8,798 | -95.7% |
| Non-recurring operating income | 76A | €8,804 | €0 | -€8,804 | -100.0% |
| Remuneration, social security and pensions | 62 | €332,677 | €348,496 | +€15,819 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,689 | €33,795 | +€3,106 | +10.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€306 | €0 | +€306 | |
| Other operating charges | 640/8 | €6,300 | €2,678 | -€3,622 | -57.5% |
| Non-recurring operating charges | 66A | €7,276 | €0 | -€7,276 | -100.0% |
| Gross operating margin | 9900 | €432,565 | €462,515 | +€29,951 | +6.9% |
| Operating profit (loss) | 9901 | €55,928 | €77,546 | +€21,618 | +38.7% |
| Financial income | 75/76B | €1 | €3 | +€2 | +293.8% |
| Recurring financial income | 75 | €1 | €3 | +€2 | +293.8% |
| Financial charges | 65/66B | €6,304 | €5,921 | -€383 | -6.1% |
| Recurring financial charges | 65 | €6,304 | €5,921 | -€383 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €49,625 | €71,629 | +€22,003 | +44.3% |
| Income taxes | 67/77 | €14,562 | €22,167 | +€7,605 | +52.2% |
| Profit (loss) for the period | 9904 | €35,064 | €49,462 | +€14,398 | +41.1% |
| Profit (loss) for the period to be appropriated | 9905 | €35,064 | €49,462 | +€14,398 | +41.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.