CENTODIS: 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.
CENTODIS
Largest movements
- Cash +€197,902
up €197,902 (+134.1%), from €147,609 to €345,511
mainly Trade debts (+€1.5m) and Depreciation (+€76,332)
- Intangible fixed assets -€66,430
down €66,430 (-26.1%), from €254,650 to €188,219
- Stocks and contracts -€50,944
down €50,944 (-11.7%), from €433,596 to €382,652
- Deferred charges and accrued income -€20,924
down €20,924 (-84.2%), from €24,847 to €3,923
- Trade debts +€1.5m
up €1.5m (+164.5%), from €928,023 to €2.5m
- Profit (loss) carried forward -€1.1m
down €1.1m (-169.9%), from -€675,266 to -€1.8m
- Current portion of long-term debt -€174,782
down €174,782 (-42.9%), from €407,350 to €232,568
- Debts after one year -€85,910
down €85,910 (-28.1%), from €305,508 to €219,598
of which Trade debts: -€85,910
- Tax, wage and social debts -€48,346
down €48,346 (-43.3%), from €111,554 to €63,209
of which Remuneration and social security: -€51,231
- Gross operating margin -€1.1m
down €1.1m, from €683,599 to -€424,918
- Staff costs -€647,018
down €647,018 (-54.6%), from €1.2m to €538,894
- Financial charges +€31,230
up €31,230 (+45.5%), from €68,660 to €99,890
- Financial income +€12,343
up €12,343 (+565.9%), from €2,181 to €14,524
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 | €1,179,884 | €1,247,438 | +€67,554 | +5.7% |
| Formation expenses | 20 | - | €1,359 | +€1,359 | |
| Fixed assets | 21/28 | €296,740 | €235,645 | -€61,095 | -20.6% |
| Intangible fixed assets | 21 | €254,650 | €188,219 | -€66,430 | -26.1% |
| Tangible fixed assets | 22/27 | €42,090 | €47,426 | +€5,336 | +12.7% |
| Plant, machinery and equipment | 23 | €42,090 | €45,344 | +€3,254 | +7.7% |
| Furniture and vehicles | 24 | - | €2,082 | +€2,082 | |
| Current assets | 29/58 | €883,144 | €1,010,433 | +€127,289 | +14.4% |
| Stocks and contracts in progress | 3 | €433,596 | €382,652 | -€50,944 | -11.7% |
| Stocks | 30/36 | €433,596 | €382,652 | -€50,944 | -11.7% |
| Amounts receivable within one year | 40/41 | €277,093 | €278,348 | +€1,254 | +0.5% |
| Trade receivables | 40 | €179,070 | €220,077 | +€41,007 | +22.9% |
| Other amounts receivable | 41 | €98,023 | €58,270 | -€39,753 | -40.6% |
| Cash at bank and in hand | 54/58 | €147,609 | €345,511 | +€197,902 | +134.1% |
| Deferred charges and accrued income | 490/1 | €24,847 | €3,923 | -€20,924 | -84.2% |
| Total equity and liabilities | 10/49 | €1,179,884 | €1,247,438 | +€67,554 | +5.7% |
| Equity | 10/15 | -€575,266 | -€1,722,249 | -€1.1m | -199.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€675,266 | -€1,822,249 | -€1.1m | -169.9% |
| Amounts payable | 17/49 | €1,755,150 | €2,969,686 | +€1.2m | +69.2% |
| Amounts payable after more than one year | 17 | €305,508 | €219,598 | -€85,910 | -28.1% |
| Trade debts | 175 | €301,708 | €215,798 | -€85,910 | -28.5% |
| Other amounts payable | 178/9 | €3,800 | €3,800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,449,643 | €2,750,089 | +€1.3m | +89.7% |
| Current portion of amounts payable after more than one year | 42 | €407,350 | €232,568 | -€174,782 | -42.9% |
| Trade debts | 44 | €928,023 | €2,454,311 | +€1.5m | +164.5% |
| Suppliers | 440/4 | €928,023 | €2,454,311 | +€1.5m | +164.5% |
| Taxes, remuneration and social security | 45 | €111,554 | €63,209 | -€48,346 | -43.3% |
| Taxes | 450/3 | €629 | €3,515 | +€2,885 | +458.4% |
| Remuneration and social security | 454/9 | €110,925 | €59,694 | -€51,231 | -46.2% |
| Other amounts payable | 47/48 | €2,715 | €0 | -€2,715 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,185,912 | €538,894 | -€647,018 | -54.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,840 | €76,332 | -€5,508 | -6.7% |
| Other operating charges | 640/8 | €23,929 | €21,307 | -€2,621 | -11.0% |
| Gross operating margin | 9900 | €683,599 | -€424,918 | -€1.1m | |
| Operating profit (loss) | 9901 | -€608,081 | -€1,061,451 | -€453,371 | -74.6% |
| Financial income | 75/76B | €2,181 | €14,524 | +€12,343 | +565.9% |
| Recurring financial income | 75 | €2,181 | €14,524 | +€12,343 | +565.9% |
| Financial charges | 65/66B | €68,660 | €99,890 | +€31,230 | +45.5% |
| Recurring financial charges | 65 | €68,660 | €99,890 | +€31,230 | +45.5% |
| Profit (loss) for the period before taxes | 9903 | -€674,559 | -€1,146,818 | -€472,258 | -70.0% |
| Income taxes | 67/77 | €707 | €165 | -€542 | -76.7% |
| Profit (loss) for the period | 9904 | -€675,266 | -€1,146,983 | -€471,716 | -69.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€675,266 | -€1,146,983 | -€471,716 | -69.9% |
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 9 October 2026 via checked.be.