Centraal: 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.
Centraal
Largest movements
- Receivables within one year -€124,832
down €124,832 (-81.8%), from €152,675 to €27,843
of which Trade receivables: -€101,427
- Cash -€67,676
down €67,676 (-78.0%), from €86,802 to €19,127
mainly Debts after one year (-€92,118) and Trade debts (-€74,516)
- Stocks and contracts +€29,433
up €29,433 (+5.4%), from €543,096 to €572,529
- Debts after one year -€92,118
down €92,118 (-16.3%), from €565,000 to €472,882
- Trade debts -€74,516
down €74,516 (-59.0%), from €126,297 to €51,782
- Accrued charges and deferred income +€10,000
up €10,000 (+178%), from €5,604 to €15,604
- Gross operating margin -€56,874
down €56,874 (-47.3%), from €120,195 to €63,321
- Taxes -€20,467
down €20,467 (-84.9%), from €24,118 to €3,651
- Other operating charges +€12,861
up €12,861 (+547%), from €2,352 to €15,213
- Financial charges +€8,716
up €8,716 (+31.0%), from €28,072 to €36,789
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 | €782,969 | €623,040 | -€159,930 | -20.4% |
| Current assets | 29/58 | €782,969 | €623,040 | -€159,930 | -20.4% |
| Stocks and contracts in progress | 3 | €543,096 | €572,529 | +€29,433 | +5.4% |
| Stocks | 30/36 | €543,096 | €572,529 | +€29,433 | +5.4% |
| Amounts receivable within one year | 40/41 | €152,675 | €27,843 | -€124,832 | -81.8% |
| Trade receivables | 40 | €127,756 | €26,329 | -€101,427 | -79.4% |
| Other amounts receivable | 41 | €24,918 | €1,514 | -€23,405 | -93.9% |
| Cash at bank and in hand | 54/58 | €86,802 | €19,127 | -€67,676 | -78.0% |
| Deferred charges and accrued income | 490/1 | €396 | €3,541 | +€3,145 | +794% |
| Total equity and liabilities | 10/49 | €782,969 | €623,040 | -€159,930 | -20.4% |
| Equity | 10/15 | €53,313 | €60,990 | +€7,678 | +14.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €50,313 | €57,990 | +€7,678 | +15.3% |
| Distributable reserves | 133 | €50,313 | €57,990 | +€7,678 | +15.3% |
| Amounts payable | 17/49 | €729,657 | €562,049 | -€167,607 | -23.0% |
| Amounts payable after more than one year | 17 | €565,000 | €472,882 | -€92,118 | -16.3% |
| Financial debts | 170/4 | €565,000 | €472,882 | -€92,118 | -16.3% |
| Amounts payable within one year | 42/48 | €159,053 | €73,564 | -€85,489 | -53.7% |
| Trade debts | 44 | €126,297 | €51,782 | -€74,516 | -59.0% |
| Suppliers | 440/4 | €126,297 | €51,782 | -€74,516 | -59.0% |
| Advances received on contracts in progress | 46 | - | €228 | +€228 | |
| Taxes, remuneration and social security | 45 | €24,118 | €17,434 | -€6,684 | -27.7% |
| Taxes | 450/3 | €24,118 | €17,434 | -€6,684 | -27.7% |
| Other amounts payable | 47/48 | €8,637 | €4,120 | -€4,517 | -52.3% |
| Accrued charges and deferred income | 492/3 | €5,604 | €15,604 | +€10,000 | +178% |
| Other operating charges | 640/8 | €2,352 | €15,213 | +€12,861 | +547% |
| Gross operating margin | 9900 | €120,195 | €63,321 | -€56,874 | -47.3% |
| Operating profit (loss) | 9901 | €117,843 | €48,108 | -€69,736 | -59.2% |
| Financial income | 75/76B | €268 | €10 | -€259 | -96.4% |
| Recurring financial income | 75 | €268 | €10 | -€259 | -96.4% |
| Financial charges | 65/66B | €28,072 | €36,789 | +€8,716 | +31.0% |
| Recurring financial charges | 65 | €28,072 | €36,789 | +€8,716 | +31.0% |
| Profit (loss) for the period before taxes | 9903 | €90,039 | €11,329 | -€78,711 | -87.4% |
| Income taxes | 67/77 | €24,118 | €3,651 | -€20,467 | -84.9% |
| Profit (loss) for the period | 9904 | €65,921 | €7,678 | -€58,244 | -88.4% |
| Profit (loss) for the period to be appropriated | 9905 | €65,921 | €7,678 | -€58,244 | -88.4% |
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 26 October 2026 via checked.be.