CENTRATE: 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.
CENTRATE
Largest movements
- Receivables within one year -€36,348
down €36,348 (-40.3%), from €90,119 to €53,771
of which Trade receivables: -€52,752
- Cash -€14,937
down €14,937 (-8.7%), from €171,283 to €156,346
mainly Contributions, distributions and other (-€106,821) and Tax, wage and social debts (-€36,072)
- Tax, wage and social debts -€36,072
down €36,072 (-98.0%), from €36,820 to €747
- Trade debts +€28,486
up €28,486 (+50.6%), from €56,242 to €84,729
- Reserves -€27,872
down €27,872 (-18.6%), from €149,884 to €122,012
- Accrued charges and deferred income -€14,805
no longer reported in 2025 (was €14,805)
- Gross operating margin -€32,795
down €32,795 (-25.0%), from €131,398 to €98,604
- Taxes -€7,927
down €7,927 (-28.5%), from €27,773 to €19,846
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 | €262,751 | €212,488 | -€50,263 | -19.1% |
| Current assets | 29/58 | €262,751 | €212,488 | -€50,263 | -19.1% |
| Amounts receivable within one year | 40/41 | €90,119 | €53,771 | -€36,348 | -40.3% |
| Trade receivables | 40 | €90,119 | €37,367 | -€52,752 | -58.5% |
| Other amounts receivable | 41 | - | €16,404 | +€16,404 | |
| Cash at bank and in hand | 54/58 | €171,283 | €156,346 | -€14,937 | -8.7% |
| Deferred charges and accrued income | 490/1 | €1,349 | €2,371 | +€1,022 | +75.7% |
| Total equity and liabilities | 10/49 | €262,751 | €212,488 | -€50,263 | -19.1% |
| Equity | 10/15 | €154,884 | €127,012 | -€27,872 | -18.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €149,884 | €122,012 | -€27,872 | -18.6% |
| Distributable reserves | 133 | €149,884 | €122,012 | -€27,872 | -18.6% |
| Amounts payable | 17/49 | €107,867 | €85,476 | -€22,391 | -20.8% |
| Amounts payable within one year | 42/48 | €93,062 | €85,476 | -€7,586 | -8.2% |
| Trade debts | 44 | €56,242 | €84,729 | +€28,486 | +50.6% |
| Suppliers | 440/4 | €56,242 | €84,729 | +€28,486 | +50.6% |
| Taxes, remuneration and social security | 45 | €36,820 | €747 | -€36,072 | -98.0% |
| Taxes | 450/3 | €36,820 | €747 | -€36,072 | -98.0% |
| Accrued charges and deferred income | 492/3 | €14,805 | - | -€14,805 | |
| Other operating charges | 640/8 | €528 | €144 | -€384 | -72.7% |
| Gross operating margin | 9900 | €131,398 | €98,604 | -€32,795 | -25.0% |
| Operating profit (loss) | 9901 | €130,870 | €98,459 | -€32,411 | -24.8% |
| Financial income | 75/76B | €27 | €434 | +€407 | +1487.4% |
| Recurring financial income | 75 | €27 | €434 | +€407 | +1487.4% |
| Financial charges | 65/66B | €62 | €99 | +€37 | +59.9% |
| Recurring financial charges | 65 | €62 | €99 | +€37 | +59.9% |
| Profit (loss) for the period before taxes | 9903 | €130,836 | €98,795 | -€32,041 | -24.5% |
| Income taxes | 67/77 | €27,773 | €19,846 | -€7,927 | -28.5% |
| Profit (loss) for the period | 9904 | €103,063 | €78,949 | -€24,114 | -23.4% |
| Profit (loss) for the period to be appropriated | 9905 | €103,063 | €78,949 | -€24,114 | -23.4% |
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 7 October 2026 via checked.be.