CENTRAL: 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.
CENTRAL
Largest movements
- Receivables within one year -€8,827
down €8,827 (-3.2%), from €279,765 to €270,939
of which Other amounts receivable: -€5,535
- Reserves -€34,105
down €34,105 (-9.9%), from €345,295 to €311,190
of which Distributable reserves: -€34,105
- Other debts +€13,842
up €13,842 (+14.4%), from €95,921 to €109,764
- Current portion of long-term debt +€8,254
up €8,254 (+49.5%), from €16,667 to €24,921
- Gross operating margin +€21,312
up €21,312 (+195%), from €10,930 to €32,243
- Other operating charges -€3,076
down €3,076 (-20.9%), from €14,695 to €11,618
- Financial income +€2,340
up €2,340 (+45.5%), from €5,146 to €7,487
- Depreciation +€1,975
up €1,975 (+4.0%), from €49,607 to €51,582
- Financial charges +€382
up €382 (+3.8%), from €10,005 to €10,387
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 | €743,718 | €727,775 | -€15,943 | -2.1% |
| Fixed assets | 21/28 | €433,208 | €435,216 | +€2,008 | +0.5% |
| Tangible fixed assets | 22/27 | €433,174 | €435,182 | +€2,008 | +0.5% |
| Land and buildings | 22 | €148,750 | €176,320 | +€27,570 | +18.5% |
| Furniture and vehicles | 24 | €9,269 | €7,431 | -€1,838 | -19.8% |
| Leasing and similar rights | 25 | €275,155 | €251,431 | -€23,724 | -8.6% |
| Financial fixed assets | 28 | €34 | €34 | = | 0.0% |
| Current assets | 29/58 | €310,510 | €292,559 | -€17,951 | -5.8% |
| Amounts receivable within one year | 40/41 | €279,765 | €270,939 | -€8,827 | -3.2% |
| Trade receivables | 40 | €6,316 | €3,025 | -€3,291 | -52.1% |
| Other amounts receivable | 41 | €273,449 | €267,914 | -€5,535 | -2.0% |
| Cash at bank and in hand | 54/58 | €21,803 | €16,133 | -€5,669 | -26.0% |
| Deferred charges and accrued income | 490/1 | €8,942 | €5,487 | -€3,455 | -38.6% |
| Total equity and liabilities | 10/49 | €743,718 | €727,775 | -€15,943 | -2.1% |
| Equity | 10/15 | €531,295 | €497,190 | -€34,105 | -6.4% |
| Contributions | 10/11 | €186,000 | €186,000 | = | 0.0% |
| Capital | 10 | €186,000 | €186,000 | = | 0.0% |
| Issued capital | 100 | €186,000 | €186,000 | = | 0.0% |
| Reserves | 13 | €345,295 | €311,190 | -€34,105 | -9.9% |
| Non-distributable reserves | 130/1 | €12,379 | €12,379 | = | 0.0% |
| Legal reserve | 130 | €12,379 | €12,379 | = | 0.0% |
| Distributable reserves | 133 | €332,916 | €298,811 | -€34,105 | -10.2% |
| Amounts payable | 17/49 | €212,423 | €230,586 | +€18,162 | +8.6% |
| Amounts payable after more than one year | 17 | €94,445 | €89,149 | -€5,296 | -5.6% |
| Financial debts | 170/4 | €94,445 | €89,149 | -€5,296 | -5.6% |
| Amounts payable within one year | 42/48 | €117,978 | €141,437 | +€23,459 | +19.9% |
| Current portion of amounts payable after more than one year | 42 | €16,667 | €24,921 | +€8,254 | +49.5% |
| Trade debts | 44 | €2,033 | €2,683 | +€651 | +32.0% |
| Suppliers | 440/4 | €2,033 | €2,683 | +€651 | +32.0% |
| Advances received on contracts in progress | 46 | €525 | €525 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €2,833 | €3,545 | +€712 | +25.1% |
| Taxes | 450/3 | €2,833 | €3,545 | +€712 | +25.1% |
| Other amounts payable | 47/48 | €95,921 | €109,764 | +€13,842 | +14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,607 | €51,582 | +€1,975 | +4.0% |
| Other operating charges | 640/8 | €14,695 | €11,618 | -€3,076 | -20.9% |
| Gross operating margin | 9900 | €10,930 | €32,243 | +€21,312 | +195% |
| Operating profit (loss) | 9901 | -€53,371 | -€30,958 | +€22,413 | +42.0% |
| Financial income | 75/76B | €5,146 | €7,487 | +€2,340 | +45.5% |
| Recurring financial income | 75 | €5,146 | €7,487 | +€2,340 | +45.5% |
| Financial charges | 65/66B | €10,005 | €10,387 | +€382 | +3.8% |
| Recurring financial charges | 65 | €10,005 | €10,387 | +€382 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | -€58,229 | -€33,858 | +€24,372 | +41.9% |
| Income taxes | 67/77 | €271 | €247 | -€23 | -8.6% |
| Profit (loss) for the period | 9904 | -€58,500 | -€34,105 | +€24,395 | +41.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€58,500 | -€34,105 | +€24,395 | +41.7% |
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.