CENTRAL PURCHASE ORGANIZATION: 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
CENTRAL PURCHASE ORGANIZATION
NACE 46.425, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€370,848
2024 · -€9,307+€380,155
Equity
€1.8m
2024 · €1.4m+€370,848
Cash
€38,248
2024 · €26,213+€12,036
Balance sheet total
€2.4m
2024 · €2.5m-€133,814
Largest movements
Assets
- Intangible fixed assets +€695,469
new in 2025: €695,469
- Receivables within one year -€632,075
down €632,075 (-98.1%), from €644,410 to €12,335
of which Trade receivables: -€335,901
- Financial fixed assets -€200,001
down €200,001 (-11.1%), from €1.8m to €1.6m
Equity and liabilities
- Short-term financial debts -€487,658
down €487,658 (-58.5%), from €834,262 to €346,604
- Reserves +€370,848
up €370,848 (+28.0%), from €1.3m to €1.7m
of which Distributable reserves: +€370,848
Income statement
- Financial income +€490,756
up €490,756 (+1,092%), from €44,950 to €535,706
- Depreciation +€116,002
up €116,002 (+1,256%), from €9,239 to €125,242
- Gross operating margin -€28,903
down €28,903 (-18.6%), from €155,679 to €126,776
- Financial charges -€23,550
down €23,550 (-60.0%), from €39,245 to €15,695
- Staff costs +€6,104
up €6,104 (+4.3%), from €141,939 to €148,043
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
-€9,307
Gross operating margin
-€28,903
Staff costs
-€6,104
Depreciation
-€116,002
Other operating charges
-€211
Other operating items
+€17,045
Financial income
+€490,756
Financial charges
+€23,550
Taxes
+€23
Result 2025
€370,848
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
+€1.1m
Investment
-€611,485
Financing
-€495,957
Cash 2024
€26,213
From operations (derived)
+€1.1m
Net result for the year
+€370,848
Depreciation
+€125,242
Receivables within one year
+€632,075
Deferred charges and accrued income
+€18
Trade debts
-€6,017
Tax, wage and social debts
-€11,121
Other debts
+€6,549
Accrued charges and deferred income
+€1,883
Investment (derived)
-€611,485
Investment in fixed assets (net)
-€611,485
Financing
-€495,957
Debts after one year
-€8,420
Current portion of long-term debt
+€122
Short-term financial debts
-€487,658
Cash 2025
€38,248
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,492,251 | €2,358,437 | -€133,814 | -5.4% |
| Fixed assets | 21/28 | €1,821,534 | €2,307,777 | +€486,243 | +26.7% |
| Intangible fixed assets | 21 | - | €695,469 | +€695,469 | |
| Tangible fixed assets | 22/27 | €19,495 | €10,271 | -€9,224 | -47.3% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €19,495 | €10,271 | -€9,224 | -47.3% |
| Financial fixed assets | 28 | €1,802,039 | €1,602,038 | -€200,001 | -11.1% |
| Current assets | 29/58 | €670,717 | €50,660 | -€620,057 | -92.4% |
| Amounts receivable within one year | 40/41 | €644,410 | €12,335 | -€632,075 | -98.1% |
| Trade receivables | 40 | €336,422 | €521 | -€335,901 | -99.8% |
| Other amounts receivable | 41 | €307,988 | €11,815 | -€296,173 | -96.2% |
| Cash at bank and in hand | 54/58 | €26,213 | €38,248 | +€12,036 | +45.9% |
| Deferred charges and accrued income | 490/1 | €94 | €76 | -€18 | -18.9% |
| Total equity and liabilities | 10/49 | €2,492,251 | €2,358,437 | -€133,814 | -5.4% |
| Equity | 10/15 | €1,386,972 | €1,757,820 | +€370,848 | +26.7% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €1,324,472 | €1,695,320 | +€370,848 | +28.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Distributable reserves | 133 | €1,318,222 | €1,689,070 | +€370,848 | +28.1% |
| Amounts payable | 17/49 | €1,105,279 | €600,617 | -€504,662 | -45.7% |
| Amounts payable after more than one year | 17 | €9,836 | €1,416 | -€8,420 | -85.6% |
| Financial debts | 170/4 | €9,836 | €1,416 | -€8,420 | -85.6% |
| Amounts payable within one year | 42/48 | €1,095,443 | €597,318 | -€498,125 | -45.5% |
| Current portion of amounts payable after more than one year | 42 | €8,299 | €8,420 | +€122 | +1.5% |
| Financial debts | 43 | €834,262 | €346,604 | -€487,658 | -58.5% |
| Other loans | 439 | €834,262 | €346,604 | -€487,658 | -58.5% |
| Trade debts | 44 | €74,811 | €68,794 | -€6,017 | -8.0% |
| Suppliers | 440/4 | €74,811 | €68,794 | -€6,017 | -8.0% |
| Taxes, remuneration and social security | 45 | €42,570 | €31,449 | -€11,121 | -26.1% |
| Taxes | 450/3 | €22,781 | €10,992 | -€11,789 | -51.7% |
| Remuneration and social security | 454/9 | €19,789 | €20,457 | +€668 | +3.4% |
| Other amounts payable | 47/48 | €135,501 | €142,051 | +€6,549 | +4.8% |
| Accrued charges and deferred income | 492/3 | - | €1,883 | +€1,883 | |
| Remuneration, social security and pensions | 62 | €141,939 | €148,043 | +€6,104 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,239 | €125,242 | +€116,002 | +1,256% |
| Other operating charges | 640/8 | €1,808 | €2,019 | +€211 | +11.7% |
| Non-recurring operating charges | 66A | €17,045 | - | -€17,045 | |
| Gross operating margin | 9900 | €155,679 | €126,776 | -€28,903 | -18.6% |
| Operating profit (loss) | 9901 | -€14,352 | -€148,527 | -€134,175 | -935% |
| Financial income | 75/76B | €44,950 | €535,706 | +€490,756 | +1,092% |
| Recurring financial income | 75 | €44,950 | €535,706 | +€490,756 | +1,092% |
| Financial charges | 65/66B | €39,245 | €15,695 | -€23,550 | -60.0% |
| Recurring financial charges | 65 | €39,245 | €15,695 | -€23,550 | -60.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,647 | €371,485 | +€380,131 | |
| Income taxes | 67/77 | €660 | €637 | -€23 | -3.5% |
| Profit (loss) for the period | 9904 | -€9,307 | €370,848 | +€380,155 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,307 | €370,848 | +€380,155 |
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 23 October 2026 via checked.be.