Central Station: 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 Station
Largest movements
- Cash -€23,598
down €23,598 (-11.3%), from €209,155 to €185,557
mainly Contributions, distributions and other (-€20,500) and Trade debts (-€15,136)
- Tangible fixed assets -€6,195
down €6,195 (-13.4%), from €46,101 to €39,906
of which Furniture and vehicles: -€9,496
- Receivables within one year +€4,323
up €4,323 (+6.5%), from €66,444 to €70,767
of which Other amounts receivable: +€8,147
- Trade debts -€15,136
down €15,136 (-59.7%), from €25,342 to €10,206
- Reserves -€8,631
down €8,631 (-3.1%), from €281,714 to €273,083
- Tax, wage and social debts -€6,211
down €6,211 (-50.1%), from €12,397 to €6,186
of which Taxes: -€6,183
- Gross operating margin -€11,298
down €11,298 (-25.5%), from €44,339 to €33,041
- Taxes -€2,718
down €2,718 (-30.0%), from €9,071 to €6,353
- Staff costs -€2,376
no longer reported in 2025 (was €2,376)
- Other operating charges -€2,202
down €2,202 (-57.3%), from €3,840 to €1,638
- Depreciation +€1,303
up €1,303 (+11.5%), from €11,282 to €12,585
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 | €342,686 | €314,250 | -€28,436 | -8.3% |
| Fixed assets | 21/28 | €46,101 | €39,906 | -€6,195 | -13.4% |
| Tangible fixed assets | 22/27 | €46,101 | €39,906 | -€6,195 | -13.4% |
| Plant, machinery and equipment | 23 | - | €4,821 | +€4,821 | |
| Furniture and vehicles | 24 | €35,457 | €25,961 | -€9,496 | -26.8% |
| Other tangible fixed assets | 26 | €10,644 | €9,124 | -€1,520 | -14.3% |
| Current assets | 29/58 | €296,585 | €274,344 | -€22,241 | -7.5% |
| Stocks and contracts in progress | 3 | €20,986 | €18,020 | -€2,966 | -14.1% |
| Stocks | 30/36 | €20,986 | €18,020 | -€2,966 | -14.1% |
| Amounts receivable within one year | 40/41 | €66,444 | €70,767 | +€4,323 | +6.5% |
| Trade receivables | 40 | €53,838 | €50,014 | -€3,824 | -7.1% |
| Other amounts receivable | 41 | €12,606 | €20,753 | +€8,147 | +64.6% |
| Cash at bank and in hand | 54/58 | €209,155 | €185,557 | -€23,598 | -11.3% |
| Total equity and liabilities | 10/49 | €342,686 | €314,250 | -€28,436 | -8.3% |
| Equity | 10/15 | €300,306 | €291,675 | -€8,631 | -2.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €281,714 | €273,083 | -€8,631 | -3.1% |
| Distributable reserves | 133 | €281,714 | €273,083 | -€8,631 | -3.1% |
| Amounts payable | 17/49 | €42,380 | €22,575 | -€19,805 | -46.7% |
| Amounts payable within one year | 42/48 | €41,851 | €21,725 | -€20,126 | -48.1% |
| Financial debts | 43 | €59 | - | -€59 | |
| Credit institutions | 430/8 | €59 | - | -€59 | |
| Trade debts | 44 | €25,342 | €10,206 | -€15,136 | -59.7% |
| Suppliers | 440/4 | €25,342 | €10,206 | -€15,136 | -59.7% |
| Taxes, remuneration and social security | 45 | €12,397 | €6,186 | -€6,211 | -50.1% |
| Taxes | 450/3 | €12,369 | €6,186 | -€6,183 | -50.0% |
| Remuneration and social security | 454/9 | €28 | - | -€28 | |
| Other amounts payable | 47/48 | €4,053 | €5,333 | +€1,280 | +31.6% |
| Accrued charges and deferred income | 492/3 | €529 | €850 | +€321 | +60.7% |
| Remuneration, social security and pensions | 62 | €2,376 | - | -€2,376 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,282 | €12,585 | +€1,303 | +11.5% |
| Other operating charges | 640/8 | €3,840 | €1,638 | -€2,202 | -57.3% |
| Gross operating margin | 9900 | €44,339 | €33,041 | -€11,298 | -25.5% |
| Operating profit (loss) | 9901 | €26,841 | €18,818 | -€8,023 | -29.9% |
| Financial income | 75/76B | €97 | - | -€97 | |
| Recurring financial income | 75 | €97 | - | -€97 | |
| Financial charges | 65/66B | €1,060 | €596 | -€464 | -43.8% |
| Recurring financial charges | 65 | €1,060 | €596 | -€464 | -43.8% |
| Profit (loss) for the period before taxes | 9903 | €25,878 | €18,222 | -€7,656 | -29.6% |
| Income taxes | 67/77 | €9,071 | €6,353 | -€2,718 | -30.0% |
| Profit (loss) for the period | 9904 | €16,807 | €11,869 | -€4,938 | -29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,807 | €11,869 | -€4,938 | -29.4% |
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 6 October 2026 via checked.be.