CENTRALE DEMA: 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.
CENTRALE DEMA
Largest movements
- Current investments +€3.0m
new in 2025: €3.0m
- Cash -€1.5m
down €1.5m (-39.5%), from €3.7m to €2.2m
mainly Current investments (-€3.0m) and Investment in fixed assets (net) (-€39,338)
- Receivables within one year -€679,580
down €679,580 (-14.7%), from €4.6m to €4.0m
of which Other amounts receivable: -€902,856
- Stocks and contracts -€180,423
down €180,423 (-32.8%), from €549,705 to €369,282
- Debts after one year +€624,710
up €624,710 (+8.4%), from €7.4m to €8.0m
- Gross operating margin +€258,989
up €258,989 (+36.5%), from €710,412 to €969,401
- Write-downs +€252,074
up €252,074 (+97.7%), from -€258,021 to -€5,947
- Staff costs +€19,386
up €19,386 (+2.3%), from €853,703 to €873,088
- Financial charges -€15,862
down €15,862 (-52.3%), from €30,356 to €14,494
- Financial income +€13,461
up €13,461 (+39.2%), from €34,303 to €47,764
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 | €9,228,521 | €9,866,937 | +€638,416 | +6.9% |
| Fixed assets | 21/28 | €353,850 | €302,718 | -€51,132 | -14.5% |
| Tangible fixed assets | 22/27 | €353,850 | €302,718 | -€51,132 | -14.5% |
| Plant, machinery and equipment | 23 | €5,198 | €6,506 | +€1,308 | +25.2% |
| Furniture and vehicles | 24 | €157,853 | €133,202 | -€24,651 | -15.6% |
| Other tangible fixed assets | 26 | €190,799 | €163,010 | -€27,789 | -14.6% |
| Current assets | 29/58 | €8,874,671 | €9,564,219 | +€689,548 | +7.8% |
| Stocks and contracts in progress | 3 | €549,705 | €369,282 | -€180,423 | -32.8% |
| Stocks | 30/36 | €549,705 | €369,282 | -€180,423 | -32.8% |
| Amounts receivable within one year | 40/41 | €4,629,773 | €3,950,193 | -€679,580 | -14.7% |
| Trade receivables | 40 | €704,061 | €927,336 | +€223,276 | +31.7% |
| Other amounts receivable | 41 | €3,925,713 | €3,022,857 | -€902,856 | -23.0% |
| Current investments | 50/53 | - | €3,000,000 | +€3.0m | |
| Cash at bank and in hand | 54/58 | €3,692,467 | €2,233,219 | -€1.5m | -39.5% |
| Deferred charges and accrued income | 490/1 | €2,726 | €11,525 | +€8,800 | +323% |
| Total equity and liabilities | 10/49 | €9,228,521 | €9,866,937 | +€638,416 | +6.9% |
| Equity | 10/15 | €377,708 | €397,588 | +€19,880 | +5.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €315,708 | €335,588 | +€19,880 | +6.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €309,508 | €329,388 | +€19,880 | +6.4% |
| Amounts payable | 17/49 | €8,850,813 | €9,469,349 | +€618,536 | +7.0% |
| Amounts payable after more than one year | 17 | €7,403,621 | €8,028,331 | +€624,710 | +8.4% |
| Other amounts payable | 178/9 | €7,403,621 | €8,028,331 | +€624,710 | +8.4% |
| Amounts payable within one year | 42/48 | €1,402,393 | €1,429,818 | +€27,426 | +2.0% |
| Trade debts | 44 | €197,300 | €207,265 | +€9,965 | +5.1% |
| Suppliers | 440/4 | €197,300 | €207,265 | +€9,965 | +5.1% |
| Taxes, remuneration and social security | 45 | €105,093 | €122,554 | +€17,461 | +16.6% |
| Taxes | 450/3 | €24,361 | €29,138 | +€4,777 | +19.6% |
| Remuneration and social security | 454/9 | €80,732 | €93,416 | +€12,684 | +15.7% |
| Other amounts payable | 47/48 | €1,100,000 | €1,100,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €44,800 | €11,200 | -€33,600 | -75.0% |
| Remuneration, social security and pensions | 62 | €853,703 | €873,088 | +€19,386 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,453 | €90,470 | +€3,017 | +3.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€258,021 | -€5,947 | +€252,074 | +97.7% |
| Other operating charges | 640/8 | €11,672 | €6,997 | -€4,675 | -40.1% |
| Non-recurring operating charges | 66A | - | €1,886 | +€1,886 | |
| Gross operating margin | 9900 | €710,412 | €969,401 | +€258,989 | +36.5% |
| Operating profit (loss) | 9901 | €15,604 | €2,907 | -€12,698 | -81.4% |
| Financial income | 75/76B | €34,303 | €47,764 | +€13,461 | +39.2% |
| Recurring financial income | 75 | €34,303 | €47,764 | +€13,461 | +39.2% |
| Financial charges | 65/66B | €30,356 | €14,494 | -€15,862 | -52.3% |
| Recurring financial charges | 65 | €30,356 | €14,494 | -€15,862 | -52.3% |
| Profit (loss) for the period before taxes | 9903 | €19,552 | €36,177 | +€16,625 | +85.0% |
| Income taxes | 67/77 | €7,647 | €16,296 | +€8,649 | +113% |
| Profit (loss) for the period | 9904 | €11,904 | €19,880 | +€7,976 | +67.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,904 | €19,880 | +€7,976 | +67.0% |
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 30 October 2026 via checked.be.