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 after one year +€149,250
new in 2024: €149,250
- Tangible fixed assets -€136,707
down €136,707 (-35.9%), from €381,079 to €244,372
of which Plant, machinery and equipment: -€104,893
- Receivables within one year -€25,854
down €25,854 (-55.5%), from €46,547 to €20,693
of which Other amounts receivable: -€14,101
- Cash -€7,994
down €7,994 (-66.4%), from €12,035 to €4,041
mainly Receivables after one year (-€149,250) and Other debts (-€46,591)
- Other debts -€46,591
down €46,591 (-42.8%), from €108,820 to €62,229
- Debts after one year -€16,875
down €16,875 (-6.7%), from €253,706 to €236,832
of which Financial debts: -€25,875
- Trade debts +€14,233
up €14,233 (+75.1%), from €18,954 to €33,187
- Reserves +€14,100
new in 2024: €14,100
- Short-term financial debts +€9,087
up €9,087 (+377%), from €2,408 to €11,495
- Staff costs +€22,475
up €22,475 (+73.9%), from €30,409 to €52,884
- Depreciation -€18,851
down €18,851 (-42.5%), from €44,348 to €25,497
- Gross operating margin +€13,266
up €13,266 (+13.9%), from €95,419 to €108,685
- Taxes +€9,228
new in 2024: €9,228
- Financial income +€5,122
up €5,122 (+1,421%), from €361 to €5,483
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €445,077 | €421,927 | -€23,150 | -5.2% |
| Fixed assets | 21/28 | €381,079 | €246,322 | -€134,757 | -35.4% |
| Tangible fixed assets | 22/27 | €381,079 | €244,372 | -€136,707 | -35.9% |
| Land and buildings | 22 | €247,887 | €225,689 | -€22,198 | -9.0% |
| Plant, machinery and equipment | 23 | €121,874 | €16,981 | -€104,893 | -86.1% |
| Furniture and vehicles | 24 | €11,318 | €1,702 | -€9,615 | -85.0% |
| Financial fixed assets | 28 | - | €1,950 | +€1,950 | |
| Current assets | 29/58 | €63,998 | €175,604 | +€111,606 | +174% |
| Amounts receivable after more than one year | 29 | - | €149,250 | +€149,250 | |
| Other amounts receivable | 291 | - | €149,250 | +€149,250 | |
| Stocks and contracts in progress | 3 | €2,000 | - | -€2,000 | |
| Stocks | 30/36 | €2,000 | - | -€2,000 | |
| Amounts receivable within one year | 40/41 | €46,547 | €20,693 | -€25,854 | -55.5% |
| Trade receivables | 40 | €31,148 | €19,395 | -€11,754 | -37.7% |
| Other amounts receivable | 41 | €15,399 | €1,298 | -€14,101 | -91.6% |
| Cash at bank and in hand | 54/58 | €12,035 | €4,041 | -€7,994 | -66.4% |
| Deferred charges and accrued income | 490/1 | €3,417 | €1,621 | -€1,796 | -52.6% |
| Total equity and liabilities | 10/49 | €445,077 | €421,927 | -€23,150 | -5.2% |
| Equity | 10/15 | €23,641 | €37,847 | +€14,206 | +60.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | - | €14,100 | +€14,100 | |
| Distributable reserves | 133 | - | €14,100 | +€14,100 | |
| Profit (loss) carried forward | 14 | €5,049 | €5,155 | +€106 | +2.1% |
| Amounts payable | 17/49 | €421,436 | €384,080 | -€37,356 | -8.9% |
| Amounts payable after more than one year | 17 | €253,706 | €236,832 | -€16,875 | -6.7% |
| Financial debts | 170/4 | €253,706 | €227,832 | -€25,875 | -10.2% |
| Other amounts payable | 178/9 | - | €9,000 | +€9,000 | |
| Amounts payable within one year | 42/48 | €167,730 | €147,173 | -€20,557 | -12.3% |
| Current portion of amounts payable after more than one year | 42 | €27,635 | €26,886 | -€749 | -2.7% |
| Financial debts | 43 | €2,408 | €11,495 | +€9,087 | +377% |
| Credit institutions | 430/8 | €2,408 | €11,495 | +€9,087 | +377% |
| Trade debts | 44 | €18,954 | €33,187 | +€14,233 | +75.1% |
| Suppliers | 440/4 | €18,954 | €33,187 | +€14,233 | +75.1% |
| Taxes, remuneration and social security | 45 | €9,912 | €13,376 | +€3,463 | +34.9% |
| Taxes | 450/3 | €3,004 | €8,910 | +€5,906 | +197% |
| Remuneration and social security | 454/9 | €6,909 | €4,466 | -€2,443 | -35.4% |
| Other amounts payable | 47/48 | €108,820 | €62,229 | -€46,591 | -42.8% |
| Accrued charges and deferred income | 492/3 | - | €75 | +€75 | |
| Non-recurring operating income | 76A | - | €13,103 | +€13,103 | |
| Remuneration, social security and pensions | 62 | €30,409 | €52,884 | +€22,475 | +73.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,348 | €25,497 | -€18,851 | -42.5% |
| Other operating charges | 640/8 | €4,001 | €2,351 | -€1,649 | -41.2% |
| Gross operating margin | 9900 | €95,419 | €108,685 | +€13,266 | +13.9% |
| Operating profit (loss) | 9901 | €16,662 | €27,953 | +€11,291 | +67.8% |
| Financial income | 75/76B | €361 | €5,483 | +€5,122 | +1,421% |
| Recurring financial income | 75 | €361 | €5,483 | +€5,122 | +1,421% |
| Financial charges | 65/66B | €10,822 | €10,001 | -€821 | -7.6% |
| Recurring financial charges | 65 | €10,822 | €10,001 | -€821 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €6,200 | €23,434 | +€17,234 | +278% |
| Income taxes | 67/77 | - | €9,228 | +€9,228 | |
| Profit (loss) for the period | 9904 | €6,200 | €14,206 | +€8,006 | +129% |
| Profit (loss) for the period to be appropriated | 9905 | €6,200 | €14,206 | +€8,006 | +129% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.