Centrimmo: 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.
Centrimmo
Largest movements
- Receivables within one year +€1.1m
up €1.1m (+115.9%), from €944,775 to €2.0m
- Tangible fixed assets +€144,676
up €144,676 (+7.9%), from €1.8m to €2.0m
of which Land and buildings: +€181,313
- Cash -€97,962
down €97,962 (-74.8%), from €130,979 to €33,017
mainly Receivables within one year (-€1.1m) and Investment in fixed assets (net) (-€298,823)
- Receivables after one year -€89,801
down €89,801 (-17.3%), from €518,938 to €429,138
- Reserves +€629,583
up €629,583 (+177.3%), from €355,126 to €984,709
of which Tax-exempt reserves: +€489,148
- Provisions +€206,936
up €206,936 (+439.6%), from €47,079 to €254,015
- Short-term financial debts +€163,622
up €163,622 (+43.6%), from €375,000 to €538,622
- Financial income +€863,028
up €863,028 (+1972.6%), from €43,750 to €906,779
of which Non-recurring financial income: +€875,045
- Gross operating margin +€64,434
up €64,434 (+25.0%), from €257,264 to €321,698
- Taxes +€18,486
up €18,486, from -€7 to €18,479
- Depreciation +€13,715
up €13,715 (+9.8%), from €140,433 to €154,147
- Financial charges -€8,930
down €8,930 (-12.5%), from €71,448 to €62,518
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 | €5,706,171 | €6,759,460 | +€1.1m | +18.5% |
| Fixed assets | 21/28 | €4,108,722 | €4,253,398 | +€144,676 | +3.5% |
| Tangible fixed assets | 22/27 | €1,839,570 | €1,984,246 | +€144,676 | +7.9% |
| Land and buildings | 22 | €1,788,444 | €1,969,758 | +€181,313 | +10.1% |
| Plant, machinery and equipment | 23 | €51,126 | €14,488 | -€36,637 | -71.7% |
| Financial fixed assets | 28 | €2,269,152 | €2,269,152 | = | 0.0% |
| Current assets | 29/58 | €1,597,449 | €2,506,062 | +€908,613 | +56.9% |
| Amounts receivable after more than one year | 29 | €518,938 | €429,138 | -€89,801 | -17.3% |
| Other amounts receivable | 291 | €518,938 | €429,138 | -€89,801 | -17.3% |
| Stocks and contracts in progress | 3 | €1,177 | €1,177 | = | 0.0% |
| Stocks | 30/36 | €1,177 | €1,177 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €944,775 | €2,039,324 | +€1.1m | +115.9% |
| Other amounts receivable | 41 | €944,775 | €2,039,324 | +€1.1m | +115.9% |
| Cash at bank and in hand | 54/58 | €130,979 | €33,017 | -€97,962 | -74.8% |
| Deferred charges and accrued income | 490/1 | €1,580 | €3,406 | +€1,826 | +115.6% |
| Total equity and liabilities | 10/49 | €5,706,171 | €6,759,460 | +€1.1m | +18.5% |
| Equity | 10/15 | €3,438,282 | €4,114,403 | +€676,121 | +19.7% |
| Contributions | 10/11 | €594,000 | €594,000 | = | 0.0% |
| Reserves | 13 | €355,126 | €984,709 | +€629,583 | +177.3% |
| Non-distributable reserves | 130/1 | €59,400 | €59,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €59,400 | €59,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €231,527 | €720,675 | +€489,148 | +211.3% |
| Distributable reserves | 133 | €64,199 | €204,635 | +€140,436 | +218.8% |
| Profit (loss) carried forward | 14 | €2,489,156 | €2,535,693 | +€46,537 | +1.9% |
| Provisions and deferred taxes | 16 | €47,079 | €254,015 | +€206,936 | +439.6% |
| Deferred taxes | 168 | €47,079 | €254,015 | +€206,936 | +439.6% |
| Amounts payable | 17/49 | €2,220,810 | €2,391,042 | +€170,232 | +7.7% |
| Amounts payable after more than one year | 17 | €1,592,920 | €1,544,341 | -€48,579 | -3.0% |
| Financial debts | 170/4 | €1,580,312 | €1,531,733 | -€48,579 | -3.1% |
| Other amounts payable | 178/9 | €12,608 | €12,608 | = | 0.0% |
| Amounts payable within one year | 42/48 | €623,839 | €843,601 | +€219,762 | +35.2% |
| Current portion of amounts payable after more than one year | 42 | €83,768 | €85,460 | +€1,692 | +2.0% |
| Financial debts | 43 | €375,000 | €538,622 | +€163,622 | +43.6% |
| Credit institutions | 430/8 | €375,000 | €538,622 | +€163,622 | +43.6% |
| Trade debts | 44 | €15,447 | €50,271 | +€34,824 | +225.4% |
| Suppliers | 440/4 | €15,447 | €50,271 | +€34,824 | +225.4% |
| Taxes, remuneration and social security | 45 | - | €24,161 | +€24,161 | |
| Taxes | 450/3 | - | €17,000 | +€17,000 | |
| Remuneration and social security | 454/9 | - | €7,161 | +€7,161 | |
| Other amounts payable | 47/48 | €149,624 | €145,087 | -€4,537 | -3.0% |
| Accrued charges and deferred income | 492/3 | €4,052 | €3,100 | -€952 | -23.5% |
| Remuneration, social security and pensions | 62 | €67,755 | €73,596 | +€5,840 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €140,433 | €154,147 | +€13,715 | +9.8% |
| Other operating charges | 640/8 | €34,924 | €36,680 | +€1,756 | +5.0% |
| Gross operating margin | 9900 | €257,264 | €321,698 | +€64,434 | +25.0% |
| Operating profit (loss) | 9901 | €14,152 | €57,275 | +€43,123 | +304.7% |
| Financial income | 75/76B | €43,750 | €906,779 | +€863,028 | +1972.6% |
| Recurring financial income | 75 | €43,750 | €31,733 | -€12,017 | -27.5% |
| Non-recurring financial income | 76B | - | €875,045 | +€875,045 | |
| Financial charges | 65/66B | €71,448 | €62,518 | -€8,930 | -12.5% |
| Recurring financial charges | 65 | €71,448 | €62,518 | -€8,930 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | -€13,546 | €901,536 | +€915,081 | |
| Transfer from deferred taxes | 780 | €8,291 | €11,825 | +€3,534 | +42.6% |
| Transfer to deferred taxes | 680 | - | €218,761 | +€218,761 | |
| Income taxes | 67/77 | -€7 | €18,479 | +€18,486 | |
| Profit (loss) for the period | 9904 | -€5,248 | €676,121 | +€681,369 | |
| Transfer from tax-exempt reserves | 789 | €16,094 | €26,698 | +€10,603 | +65.9% |
| Transfer to tax-exempt reserves | 689 | - | €656,281 | +€656,281 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,846 | €46,537 | +€35,691 | +329.1% |
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 4 October 2026 via checked.be.