CENTRUM INVEST: 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.
CENTRUM INVEST
Largest movements
- Tangible fixed assets -€397,367
down €397,367 (-3.1%), from €12.6m to €12.2m
of which Land and buildings: -€397,166
- Debts after one year -€496,700
down €496,700 (-3.4%), from €14.8m to €14.3m
of which Financial debts: -€412,808
- Trade debts +€282,953
up €282,953 (+453%), from €62,461 to €345,414
- Accrued charges and deferred income -€182,198
down €182,198 (-92.2%), from €197,660 to €15,462
- Gross operating margin +€190,558
up €190,558 (+33.8%), from €563,938 to €754,496
- Other operating charges -€14,044
down €14,044 (-8.4%), from €167,023 to €152,979
- Financial charges -€10,851
down €10,851 (-3.5%), from €309,210 to €298,359
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 | €13,204,028 | €12,731,021 | -€473,007 | -3.6% |
| Fixed assets | 21/28 | €12,637,990 | €12,240,623 | -€397,367 | -3.1% |
| Tangible fixed assets | 22/27 | €12,637,990 | €12,240,623 | -€397,367 | -3.1% |
| Land and buildings | 22 | €12,637,790 | €12,240,623 | -€397,166 | -3.1% |
| Furniture and vehicles | 24 | €201 | €0 | -€201 | -100% |
| Current assets | 29/58 | €566,038 | €490,398 | -€75,640 | -13.4% |
| Amounts receivable within one year | 40/41 | €167,846 | €121,505 | -€46,341 | -27.6% |
| Trade receivables | 40 | €167,846 | €119,660 | -€48,186 | -28.7% |
| Other amounts receivable | 41 | - | €1,846 | +€1,846 | |
| Cash at bank and in hand | 54/58 | €76,449 | €67,512 | -€8,938 | -11.7% |
| Deferred charges and accrued income | 490/1 | €321,743 | €301,381 | -€20,362 | -6.3% |
| Total equity and liabilities | 10/49 | €13,204,028 | €12,731,021 | -€473,007 | -3.6% |
| Equity | 10/15 | -€2,322,333 | -€2,438,418 | -€116,085 | -5.0% |
| Contributions | 10/11 | €331,285 | €331,285 | = | 0.0% |
| Revaluation surpluses | 12 | €680,772 | €680,772 | = | 0.0% |
| Reserves | 13 | €35,126 | €35,126 | = | 0.0% |
| Distributable reserves | 133 | €35,126 | €35,126 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,369,516 | -€3,485,601 | -€116,085 | -3.4% |
| Amounts payable | 17/49 | €15,526,361 | €15,169,439 | -€356,922 | -2.3% |
| Amounts payable after more than one year | 17 | €14,772,809 | €14,276,110 | -€496,700 | -3.4% |
| Financial debts | 170/4 | €6,749,898 | €6,337,090 | -€412,808 | -6.1% |
| Other amounts payable | 178/9 | €8,022,911 | €7,939,020 | -€83,891 | -1.0% |
| Amounts payable within one year | 42/48 | €555,892 | €877,868 | +€321,976 | +57.9% |
| Current portion of amounts payable after more than one year | 42 | €435,916 | €446,753 | +€10,837 | +2.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €62,461 | €345,414 | +€282,953 | +453% |
| Suppliers | 440/4 | €62,461 | €345,414 | +€282,953 | +453% |
| Other amounts payable | 47/48 | €57,515 | €85,701 | +€28,186 | +49.0% |
| Accrued charges and deferred income | 492/3 | €197,660 | €15,462 | -€182,198 | -92.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €422,996 | €419,448 | -€3,548 | -0.8% |
| Other operating charges | 640/8 | €167,023 | €152,979 | -€14,044 | -8.4% |
| Gross operating margin | 9900 | €563,938 | €754,496 | +€190,558 | +33.8% |
| Operating profit (loss) | 9901 | -€26,081 | €182,069 | +€208,149 | |
| Financial income | 75/76B | €2 | €205 | +€204 | +10,600% |
| Recurring financial income | 75 | €2 | €205 | +€204 | +10,600% |
| Financial charges | 65/66B | €309,210 | €298,359 | -€10,851 | -3.5% |
| Recurring financial charges | 65 | €309,210 | €298,359 | -€10,851 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | -€335,289 | -€116,085 | +€219,204 | +65.4% |
| Profit (loss) for the period | 9904 | -€335,289 | -€116,085 | +€219,204 | +65.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€335,289 | -€116,085 | +€219,204 | +65.4% |
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 23 October 2026 via checked.be.