CENTRA - IMMO: 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.
What changed
CENTRA - IMMO
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€139,850
2024 · -€7,071+€146,920
Equity
€642,530
2024 · €514,123+€128,407
Cash
€209,997
2024 · €19,259+€190,739
Balance sheet total
€1.1m
2024 · €1.0m+€129,363
Largest movements
Assets
- Cash +€190,739
up €190,739 (+990%), from €19,259 to €209,997
mainly Net result for the year (+€139,850) and Depreciation (+€56,432)
- Tangible fixed assets -€40,782
down €40,782 (-4.3%), from €950,008 to €909,227
of which Land and buildings: -€28,955
- Receivables within one year -€22,189
down €22,189 (-45.0%), from €49,270 to €27,081
of which Trade receivables: -€21,876
Equity and liabilities
- Reserves +€134,165
up €134,165 (+31.8%), from €421,864 to €556,030
of which Tax-exempt reserves: +€120,224
- Provisions +€38,558
up €38,558 (+26.5%), from €145,694 to €184,253
- Other debts -€20,062
down €20,062 (-6.5%), from €309,230 to €289,168
- Tax, wage and social debts -€15,163
down €15,163 (-73.6%), from €20,589 to €5,426
of which Taxes: -€15,251
Income statement
- Gross operating margin +€178,971
up €178,971 (+157%), from €114,292 to €293,263
- Financial charges -€15,016
down €15,016 (-54.1%), from €27,754 to €12,738
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.
Result 2024
-€7,071
Gross operating margin
+€178,971
Staff costs
+€839
Depreciation
-€1,563
Other operating charges
+€1,690
Other operating items
-€2,847
Financial income
+€719
Financial charges
+€15,016
Taxes
+€670
Deferred taxes and other
-€46,575
Result 2025
€139,850
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€221,670
Investment
-€15,650
Financing
-€15,281
Cash 2024
€19,259
From operations (derived)
+€221,670
Net result for the year
+€139,850
Depreciation
+€56,432
Receivables within one year
+€22,189
Deferred charges and accrued income
-€1,595
Provisions
+€38,558
Trade debts
+€1,537
Tax, wage and social debts
-€15,163
Other debts
-€20,062
Accrued charges and deferred income
-€76
Investment (derived)
-€15,650
Investment in fixed assets (net)
-€15,650
Financing
-€15,281
Debts after one year
-€2,620
Short-term financial debts
-€1,218
Contributions, distributions and other
-€11,443
Cash 2025
€209,997
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,019,038 | €1,148,401 | +€129,363 | +12.7% |
| Fixed assets | 21/28 | €950,160 | €909,378 | -€40,782 | -4.3% |
| Tangible fixed assets | 22/27 | €950,008 | €909,227 | -€40,782 | -4.3% |
| Land and buildings | 22 | €907,979 | €879,023 | -€28,955 | -3.2% |
| Furniture and vehicles | 24 | €42,029 | €30,203 | -€11,826 | -28.1% |
| Financial fixed assets | 28 | €152 | €152 | = | 0.0% |
| Current assets | 29/58 | €68,878 | €239,023 | +€170,145 | +247% |
| Amounts receivable within one year | 40/41 | €49,270 | €27,081 | -€22,189 | -45.0% |
| Trade receivables | 40 | €44,957 | €23,081 | -€21,876 | -48.7% |
| Other amounts receivable | 41 | €4,313 | €4,000 | -€313 | -7.3% |
| Current investments | 50/53 | €350 | €350 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €19,259 | €209,997 | +€190,739 | +990% |
| Deferred charges and accrued income | 490/1 | - | €1,595 | +€1,595 | |
| Total equity and liabilities | 10/49 | €1,019,038 | €1,148,401 | +€129,363 | +12.7% |
| Equity | 10/15 | €514,123 | €642,530 | +€128,407 | +25.0% |
| Contributions | 10/11 | €86,500 | €86,500 | = | 0.0% |
| Capital | 10 | €86,500 | €86,500 | = | 0.0% |
| Issued capital | 100 | €86,500 | €86,500 | = | 0.0% |
| Reserves | 13 | €421,864 | €556,030 | +€134,165 | +31.8% |
| Non-distributable reserves | 130/1 | €8,650 | €8,650 | = | 0.0% |
| Legal reserve | 130 | €8,650 | €8,650 | = | 0.0% |
| Tax-exempt reserves | 132 | €338,988 | €459,212 | +€120,224 | +35.5% |
| Distributable reserves | 133 | €74,226 | €88,168 | +€13,942 | +18.8% |
| Profit (loss) carried forward | 14 | €5,759 | - | -€5,759 | |
| Provisions and deferred taxes | 16 | €145,694 | €184,253 | +€38,558 | +26.5% |
| Deferred taxes | 168 | €145,694 | €184,253 | +€38,558 | +26.5% |
| Amounts payable | 17/49 | €359,221 | €321,619 | -€37,602 | -10.5% |
| Amounts payable after more than one year | 17 | €19,310 | €16,690 | -€2,620 | -13.6% |
| Other amounts payable | 178/9 | €19,310 | €16,690 | -€2,620 | -13.6% |
| Amounts payable within one year | 42/48 | €339,725 | €304,819 | -€34,906 | -10.3% |
| Financial debts | 43 | €7,062 | €5,844 | -€1,218 | -17.2% |
| Other loans | 439 | €7,062 | €5,844 | -€1,218 | -17.2% |
| Trade debts | 44 | €2,844 | €4,381 | +€1,537 | +54.0% |
| Suppliers | 440/4 | €2,844 | €4,381 | +€1,537 | +54.0% |
| Taxes, remuneration and social security | 45 | €20,589 | €5,426 | -€15,163 | -73.6% |
| Taxes | 450/3 | €18,905 | €3,655 | -€15,251 | -80.7% |
| Remuneration and social security | 454/9 | €1,683 | €1,771 | +€88 | +5.2% |
| Other amounts payable | 47/48 | €309,230 | €289,168 | -€20,062 | -6.5% |
| Accrued charges and deferred income | 492/3 | €186 | €110 | -€76 | -40.7% |
| Non-recurring operating income | 76A | - | €366 | +€366 | |
| Remuneration, social security and pensions | 62 | €15,767 | €14,928 | -€839 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,868 | €56,432 | +€1,563 | +2.8% |
| Other operating charges | 640/8 | €20,904 | €19,213 | -€1,690 | -8.1% |
| Non-recurring operating charges | 66A | €953 | €3,800 | +€2,847 | +299% |
| Gross operating margin | 9900 | €114,292 | €293,263 | +€178,971 | +157% |
| Operating profit (loss) | 9901 | €21,800 | €198,890 | +€177,090 | +812% |
| Financial income | 75/76B | €1,554 | €2,273 | +€719 | +46.3% |
| Recurring financial income | 75 | €1,554 | €2,273 | +€719 | +46.3% |
| Financial charges | 65/66B | €27,754 | €12,738 | -€15,016 | -54.1% |
| Recurring financial charges | 65 | €27,754 | €12,738 | -€15,016 | -54.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,400 | €188,425 | +€192,826 | |
| Transfer from deferred taxes | 780 | €8,017 | €8,436 | +€419 | +5.2% |
| Transfer to deferred taxes | 680 | - | €46,994 | +€46,994 | |
| Income taxes | 67/77 | €10,687 | €10,017 | -€670 | -6.3% |
| Profit (loss) for the period | 9904 | -€7,071 | €139,850 | +€146,920 | |
| Transfer from tax-exempt reserves | 789 | €19,507 | €20,758 | +€1,251 | +6.4% |
| Transfer to tax-exempt reserves | 689 | - | €140,982 | +€140,982 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,436 | €19,626 | +€7,189 | +57.8% |
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 14 October 2026 via checked.be.