CENTRE V.A.L.: 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.
CENTRE V.A.L.
Largest movements
- Cash +€8,422
up €8,422 (+66.7%), from €12,625 to €21,047
mainly Other debts (+€54,599) and Depreciation (+€6,066)
- Tangible fixed assets +€3,199
up €3,199 (+1.6%), from €201,582 to €204,781
of which Plant, machinery and equipment: +€8,877
- Receivables within one year -€3,160
no longer reported in 2025 (was €3,160)
of which Trade receivables: -€1,950
- Other debts +€54,599
up €54,599 (+32.4%), from €168,629 to €223,228
- Current portion of long-term debt -€48,409
no longer reported in 2025 (was €48,409)
- Gross operating margin +€1,389
up €1,389 (+9.8%), from €14,153 to €15,542
- Taxes +€440
new in 2025: €440
- Financial charges +€433
up €433 (+687%), from €63 to €496
- Depreciation +€388
up €388 (+6.8%), from €5,678 to €6,066
- Other operating charges +€345
up €345 (+5.4%), from €6,414 to €6,759
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 | €217,517 | €225,828 | +€8,311 | +3.8% |
| Fixed assets | 21/28 | €201,582 | €204,781 | +€3,199 | +1.6% |
| Tangible fixed assets | 22/27 | €201,582 | €204,781 | +€3,199 | +1.6% |
| Plant, machinery and equipment | 23 | - | €8,877 | +€8,877 | |
| Assets under construction and advance payments | 27 | €201,582 | €195,904 | -€5,678 | -2.8% |
| Current assets | 29/58 | €15,935 | €21,047 | +€5,112 | +32.1% |
| Amounts receivable within one year | 40/41 | €3,160 | - | -€3,160 | |
| Trade receivables | 40 | €1,950 | - | -€1,950 | |
| Other amounts receivable | 41 | €1,210 | - | -€1,210 | |
| Cash at bank and in hand | 54/58 | €12,625 | €21,047 | +€8,422 | +66.7% |
| Deferred charges and accrued income | 490/1 | €150 | - | -€150 | |
| Total equity and liabilities | 10/49 | €217,517 | €225,828 | +€8,311 | +3.8% |
| Equity | 10/15 | -€521 | €1,260 | +€1,781 | |
| Reserves | 13 | - | €1,000 | +€1,000 | |
| Distributable reserves | 133 | - | €1,000 | +€1,000 | |
| Profit (loss) carried forward | 14 | -€521 | €260 | +€781 | |
| Amounts payable | 17/49 | €218,038 | €224,568 | +€6,530 | +3.0% |
| Amounts payable within one year | 42/48 | €218,038 | €223,668 | +€5,630 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €48,409 | - | -€48,409 | |
| Trade debts | 44 | €1,000 | - | -€1,000 | |
| Suppliers | 440/4 | €1,000 | - | -€1,000 | |
| Taxes, remuneration and social security | 45 | - | €440 | +€440 | |
| Taxes | 450/3 | - | €440 | +€440 | |
| Other amounts payable | 47/48 | €168,629 | €223,228 | +€54,599 | +32.4% |
| Accrued charges and deferred income | 492/3 | - | €900 | +€900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,678 | €6,066 | +€388 | +6.8% |
| Other operating charges | 640/8 | €6,414 | €6,759 | +€345 | +5.4% |
| Gross operating margin | 9900 | €14,153 | €15,542 | +€1,389 | +9.8% |
| Operating profit (loss) | 9901 | €2,061 | €2,717 | +€656 | +31.8% |
| Financial charges | 65/66B | €63 | €496 | +€433 | +687% |
| Recurring financial charges | 65 | €63 | €496 | +€433 | +687% |
| Profit (loss) for the period before taxes | 9903 | €1,998 | €2,221 | +€223 | +11.2% |
| Income taxes | 67/77 | - | €440 | +€440 | |
| Profit (loss) for the period | 9904 | €1,998 | €1,781 | -€217 | -10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,998 | €1,781 | -€217 | -10.9% |
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 21 October 2026 via checked.be.