Centrale: 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.
Centrale
Largest movements
- Tangible fixed assets -€149,839
down €149,839 (-18.0%), from €833,496 to €683,657
of which Furniture and vehicles: -€115,017
- Receivables within one year +€141,855
up €141,855 (+26.2%), from €542,353 to €684,208
of which Trade receivables: +€114,488
- Financial fixed assets +€29,673
up €29,673 (+4.0%), from €744,248 to €773,921
- Short-term financial debts +€118,806
up €118,806 (+75.0%), from €158,443 to €277,249
- Profit (loss) carried forward -€97,543
down €97,543 (-20.5%), from €474,849 to €377,306
- Trade debts +€63,498
up €63,498 (+25.4%), from €249,840 to €313,338
- Tax, wage and social debts -€37,214
down €37,214 (-9.2%), from €404,600 to €367,386
of which Taxes: -€70,025
- Current portion of long-term debt -€34,641
down €34,641 (-45.4%), from €76,376 to €41,734
- Gross operating margin -€60,524
down €60,524 (-2.6%), from €2.3m to €2.3m
- Other operating charges +€42,457
up €42,457 (+576.0%), from €7,371 to €49,828
- Staff costs +€39,136
up €39,136 (+2.1%), from €1.9m to €1.9m
- Depreciation -€25,470
down €25,470 (-11.1%), from €228,670 to €203,200
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 | €2,164,719 | €2,172,680 | +€7,960 | +0.4% |
| Fixed assets | 21/28 | €1,577,744 | €1,457,578 | -€120,166 | -7.6% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €833,496 | €683,657 | -€149,839 | -18.0% |
| Land and buildings | 22 | €61,973 | €61,973 | = | 0.0% |
| Plant, machinery and equipment | 23 | €87,543 | €85,133 | -€2,409 | -2.8% |
| Furniture and vehicles | 24 | €321,820 | €206,803 | -€115,017 | -35.7% |
| Leasing and similar rights | 25 | €116,206 | €96,267 | -€19,939 | -17.2% |
| Other tangible fixed assets | 26 | €245,954 | €233,480 | -€12,474 | -5.1% |
| Financial fixed assets | 28 | €744,248 | €773,921 | +€29,673 | +4.0% |
| Current assets | 29/58 | €586,976 | €715,102 | +€128,126 | +21.8% |
| Stocks and contracts in progress | 3 | €7,193 | €4,196 | -€2,997 | -41.7% |
| Stocks | 30/36 | €7,193 | €4,196 | -€2,997 | -41.7% |
| Amounts receivable within one year | 40/41 | €542,353 | €684,208 | +€141,855 | +26.2% |
| Trade receivables | 40 | €220,117 | €334,605 | +€114,488 | +52.0% |
| Other amounts receivable | 41 | €322,237 | €349,603 | +€27,367 | +8.5% |
| Cash at bank and in hand | 54/58 | €23,481 | €17,119 | -€6,362 | -27.1% |
| Deferred charges and accrued income | 490/1 | €13,948 | €9,579 | -€4,369 | -31.3% |
| Total equity and liabilities | 10/49 | €2,164,719 | €2,172,680 | +€7,960 | +0.4% |
| Equity | 10/15 | €584,150 | €486,607 | -€97,543 | -16.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €90,709 | €90,709 | = | 0.0% |
| Distributable reserves | 133 | €90,709 | €90,709 | = | 0.0% |
| Profit (loss) carried forward | 14 | €474,849 | €377,306 | -€97,543 | -20.5% |
| Amounts payable | 17/49 | €1,580,569 | €1,686,072 | +€105,503 | +6.7% |
| Amounts payable after more than one year | 17 | €247,421 | €216,604 | -€30,817 | -12.5% |
| Financial debts | 170/4 | €247,421 | €216,604 | -€30,817 | -12.5% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,332,582 | €1,468,990 | +€136,408 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €76,376 | €41,734 | -€34,641 | -45.4% |
| Financial debts | 43 | €158,443 | €277,249 | +€118,806 | +75.0% |
| Credit institutions | 430/8 | €158,443 | €277,249 | +€118,806 | +75.0% |
| Trade debts | 44 | €249,840 | €313,338 | +€63,498 | +25.4% |
| Suppliers | 440/4 | €249,840 | €313,338 | +€63,498 | +25.4% |
| Advances received on contracts in progress | 46 | €201,747 | €210,731 | +€8,984 | +4.5% |
| Taxes, remuneration and social security | 45 | €404,600 | €367,386 | -€37,214 | -9.2% |
| Taxes | 450/3 | €125,836 | €55,811 | -€70,025 | -55.6% |
| Remuneration and social security | 454/9 | €278,764 | €311,575 | +€32,812 | +11.8% |
| Other amounts payable | 47/48 | €241,576 | €258,551 | +€16,976 | +7.0% |
| Accrued charges and deferred income | 492/3 | €566 | €479 | -€88 | -15.5% |
| Remuneration, social security and pensions | 62 | €1,905,092 | €1,944,228 | +€39,136 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €228,670 | €203,200 | -€25,470 | -11.1% |
| Other operating charges | 640/8 | €7,371 | €49,828 | +€42,457 | +576.0% |
| Non-recurring operating charges | 66A | - | €2,122 | +€2,122 | |
| Gross operating margin | 9900 | €2,330,751 | €2,270,228 | -€60,524 | -2.6% |
| Operating profit (loss) | 9901 | €189,618 | €70,850 | -€118,769 | -62.6% |
| Financial income | 75/76B | €5,437 | €13,764 | +€8,326 | +153.1% |
| Recurring financial income | 75 | €5,437 | €13,764 | +€8,326 | +153.1% |
| Financial charges | 65/66B | €70,373 | €82,152 | +€11,779 | +16.7% |
| Recurring financial charges | 65 | €70,373 | €82,152 | +€11,779 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | €124,683 | €2,461 | -€122,222 | -98.0% |
| Income taxes | 67/77 | €117,801 | €100,004 | -€17,797 | -15.1% |
| Profit (loss) for the period | 9904 | €6,882 | -€97,543 | -€104,425 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,882 | -€97,543 | -€104,425 |
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 8 October 2026 via checked.be.