CENTS & BEYOND: 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.
CENTS & BEYOND
Largest movements
- Stocks and contracts -€429,535
down €429,535 (-63.7%), from €674,643 to €245,109
- Receivables within one year -€346,285
down €346,285 (-11.4%), from €3.0m to €2.7m
of which Trade receivables: -€346,338
- Trade debts -€442,045
down €442,045 (-71.6%), from €617,783 to €175,738
- Other debts -€337,037
down €337,037 (-11.4%), from €2.9m to €2.6m
- Other operating charges -€87,651
down €87,651 (-96.6%), from €90,726 to €3,075
- Gross operating margin -€26,048
down €26,048 (-97.5%), from €26,723 to €675
- Taxes -€6,755
down €6,755 (-67.2%), from €10,058 to €3,303
- Financial charges -€1,972
down €1,972 (-65.5%), from €3,013 to €1,041
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 | €3,869,185 | €3,077,382 | -€791,803 | -20.5% |
| Fixed assets | 21/28 | €98,525 | €91,603 | -€6,921 | -7.0% |
| Tangible fixed assets | 22/27 | €97,525 | €90,603 | -€6,921 | -7.1% |
| Land and buildings | 22 | €97,525 | €90,603 | -€6,921 | -7.1% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €3,770,660 | €2,985,778 | -€784,881 | -20.8% |
| Stocks and contracts in progress | 3 | €674,643 | €245,109 | -€429,535 | -63.7% |
| Stocks | 30/36 | €674,643 | €245,109 | -€429,535 | -63.7% |
| Amounts receivable within one year | 40/41 | €3,049,205 | €2,702,920 | -€346,285 | -11.4% |
| Trade receivables | 40 | €3,048,801 | €2,702,464 | -€346,338 | -11.4% |
| Other amounts receivable | 41 | €404 | €456 | +€52 | +12.9% |
| Cash at bank and in hand | 54/58 | €46,811 | €37,750 | -€9,061 | -19.4% |
| Total equity and liabilities | 10/49 | €3,869,185 | €3,077,382 | -€791,803 | -20.5% |
| Equity | 10/15 | €295,167 | €281,704 | -€13,463 | -4.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €273,167 | €259,704 | -€13,463 | -4.9% |
| Amounts payable | 17/49 | €3,574,017 | €2,795,678 | -€778,339 | -21.8% |
| Amounts payable within one year | 42/48 | €3,574,017 | €2,795,678 | -€778,339 | -21.8% |
| Trade debts | 44 | €617,783 | €175,738 | -€442,045 | -71.6% |
| Suppliers | 440/4 | €617,783 | €175,738 | -€442,045 | -71.6% |
| Taxes, remuneration and social security | 45 | €7,100 | €7,842 | +€742 | +10.5% |
| Taxes | 450/3 | €7,100 | €7,842 | +€742 | +10.5% |
| Other amounts payable | 47/48 | €2,949,135 | €2,612,097 | -€337,037 | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,088 | €6,921 | -€167 | -2.4% |
| Other operating charges | 640/8 | €90,726 | €3,075 | -€87,651 | -96.6% |
| Gross operating margin | 9900 | €26,723 | €675 | -€26,048 | -97.5% |
| Operating profit (loss) | 9901 | -€71,092 | -€9,322 | +€61,770 | +86.9% |
| Financial income | 75/76B | €379 | €202 | -€177 | -46.8% |
| Recurring financial income | 75 | €379 | €202 | -€177 | -46.8% |
| Financial charges | 65/66B | €3,013 | €1,041 | -€1,972 | -65.5% |
| Recurring financial charges | 65 | €3,013 | €1,041 | -€1,972 | -65.5% |
| Profit (loss) for the period before taxes | 9903 | -€73,725 | -€10,161 | +€63,564 | +86.2% |
| Income taxes | 67/77 | €10,058 | €3,303 | -€6,755 | -67.2% |
| Profit (loss) for the period | 9904 | -€83,783 | -€13,463 | +€70,320 | +83.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€83,783 | -€13,463 | +€70,320 | +83.9% |
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 17 October 2026 via checked.be.