Central: 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.
Central
Largest movements
- Cash +€835,398
up €835,398 (+122.6%), from €681,658 to €1.5m
mainly Net result for the year (+€742,008) and Debts within one year (+€104,275)
- Reserves +€734,600
up €734,600 (+454.3%), from €161,715 to €896,315
- Debts within one year +€104,275
up €104,275 (+15.4%), from €677,138 to €781,413
of which Tax, wage and social debts: +€64,513
- Purchases and services -€262,530
down €262,530 (-16.9%), from €1.6m to €1.3m
- Gross operating margin +€94,377
up €94,377 (+2.8%), from €3.3m to €3.4m
- Turnover -€87,682
down €87,682 (-19.4%), from €452,131 to €364,448
- Staff costs -€82,095
down €82,095 (-3.2%), from €2.6m to €2.5m
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 | €1,192,030 | €2,020,476 | +€828,446 | +69.5% |
| Fixed assets | 21/28 | €45,236 | €42,732 | -€2,504 | -5.5% |
| Tangible fixed assets | 22/27 | €44,274 | €41,770 | -€2,504 | -5.7% |
| Plant, machinery and equipment | 23 | €1,508 | €173 | -€1,335 | -88.5% |
| Furniture and vehicles | 24 | €14,069 | €17,683 | +€3,614 | +25.7% |
| Other tangible fixed assets | 26 | €28,698 | €23,915 | -€4,783 | -16.7% |
| Financial fixed assets | 28 | €962 | €962 | = | 0.0% |
| Current assets | 29/58 | €1,146,794 | €1,977,743 | +€830,950 | +72.5% |
| Amounts receivable within one year | 40/41 | €359,960 | €349,979 | -€9,980 | -2.8% |
| Trade receivables | 40 | €186,802 | €131,222 | -€55,580 | -29.8% |
| Other amounts receivable | 41 | €173,158 | €218,757 | +€45,600 | +26.3% |
| Cash at bank and in hand | 54/58 | €681,658 | €1,517,056 | +€835,398 | +122.6% |
| Deferred charges and accrued income | 490/1 | €105,175 | €110,708 | +€5,532 | +5.3% |
| Total equity and liabilities | 10/49 | €1,192,030 | €2,020,476 | +€828,446 | +69.5% |
| Equity | 10/15 | €312,699 | €1,052,204 | +€739,505 | +236.5% |
| Contributions | 10/11 | €106,508 | €106,508 | = | 0.0% |
| Capital | 10 | €106,508 | €106,508 | = | 0.0% |
| Reserves | 13 | €161,715 | €896,315 | +€734,600 | +454.3% |
| Profit (loss) carried forward | 14 | €0 | €7,408 | +€7,408 | |
| Investment grants | 15 | €44,476 | €41,972 | -€2,504 | -5.6% |
| Amounts payable | 17/49 | €879,331 | €968,272 | +€88,942 | +10.1% |
| Amounts payable within one year | 42/48 | €677,138 | €781,413 | +€104,275 | +15.4% |
| Trade debts | 44 | €310,162 | €330,234 | +€20,072 | +6.5% |
| Suppliers | 440/4 | €310,162 | €330,234 | +€20,072 | +6.5% |
| Taxes, remuneration and social security | 45 | €358,869 | €423,382 | +€64,513 | +18.0% |
| Taxes | 450/3 | €64,720 | €67,514 | +€2,794 | +4.3% |
| Remuneration and social security | 454/9 | €294,149 | €355,868 | +€61,719 | +21.0% |
| Accrued charges and deferred income | 492/3 | €202,193 | €186,859 | -€15,334 | -7.6% |
| Turnover | 70 | €452,131 | €364,448 | -€87,682 | -19.4% |
| Non-recurring operating income | 76A | €300,000 | €1,150 | -€298,850 | -99.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,552,825 | €1,290,296 | -€262,530 | -16.9% |
| Remuneration, social security and pensions | 62 | €2,555,121 | €2,473,026 | -€82,095 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,011 | €23,389 | +€3,377 | +16.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,000 | - | -€2,000 | |
| Other operating charges | 640/8 | €197,015 | €180,425 | -€16,590 | -8.4% |
| Non-recurring operating charges | 66A | €300,000 | €950 | -€299,050 | -99.7% |
| Gross operating margin | 9900 | €3,324,010 | €3,418,387 | +€94,377 | +2.8% |
| Operating profit (loss) | 9901 | €249,863 | €740,597 | +€490,734 | +196.4% |
| Financial income | 75/76B | €930 | €7,532 | +€6,602 | +710.1% |
| Recurring financial income | 75 | €930 | €7,532 | +€6,602 | +710.1% |
| Financial charges | 65/66B | €3,984 | €4,011 | +€27 | +0.7% |
| Recurring financial charges | 65 | €3,984 | €4,011 | +€27 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €246,809 | €744,118 | +€497,309 | +201.5% |
| Income taxes | 67/77 | €279 | €2,110 | +€1,831 | +656.4% |
| Profit (loss) for the period | 9904 | €246,530 | €742,008 | +€495,479 | +201.0% |
| Profit (loss) for the period to be appropriated | 9905 | €246,530 | €742,008 | +€495,479 | +201.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.