CENTURIO: 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.
CENTURIO
Largest movements
- Receivables within one year -€844,779
down €844,779 (-76.6%), from €1.1m to €258,444
of which Trade receivables: -€811,492
- Intangible fixed assets +€717,343
up €717,343 (+1379.5%), from €52,000 to €769,343
- Cash +€121,608
up €121,608 (+94.6%), from €128,487 to €250,095
mainly Receivables within one year (+€844,779) and Net result for the year (+€613,801)
- Tangible fixed assets +€86,683
up €86,683 (+18.1%), from €479,759 to €566,442
of which Land and buildings: +€69,074
- Current investments +€22,571
up €22,571 (+12.7%), from €178,250 to €200,821
- Debts after one year -€172,227
down €172,227 (-24.4%), from €706,140 to €533,913
- Trade debts +€118,620
up €118,620 (+3021.6%), from €3,926 to €122,546
- Other debts +€88,670
up €88,670 (+16.1%), from €551,817 to €640,488
- Reserves +€58,450
up €58,450 (+13.7%), from €426,467 to €484,917
of which Distributable reserves: +€58,450
- Tax, wage and social debts +€34,068
up €34,068 (+93.6%), from €36,393 to €70,461
of which Remuneration and social security: +€17,168
- Gross operating margin +€431,386
up €431,386 (+46.2%), from €934,396 to €1.4m
- Staff costs +€163,342
up €163,342 (+50.7%), from €322,391 to €485,732
- Depreciation +€112,824
up €112,824 (+209.7%), from €53,811 to €166,635
- Taxes +€57,578
up €57,578 (+3078.4%), from €1,870 to €59,449
- Financial charges +€31,352
up €31,352 (+273.0%), from €11,483 to €42,835
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 | €1,958,455 | €2,068,383 | +€109,927 | +5.6% |
| Fixed assets | 21/28 | €531,984 | €1,336,010 | +€804,025 | +151.1% |
| Intangible fixed assets | 21 | €52,000 | €769,343 | +€717,343 | +1379.5% |
| Tangible fixed assets | 22/27 | €479,759 | €566,442 | +€86,683 | +18.1% |
| Land and buildings | 22 | €333,608 | €402,682 | +€69,074 | +20.7% |
| Plant, machinery and equipment | 23 | €545 | €364 | -€182 | -33.3% |
| Furniture and vehicles | 24 | €145,606 | €163,396 | +€17,791 | +12.2% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €1,426,471 | €732,373 | -€694,098 | -48.7% |
| Amounts receivable within one year | 40/41 | €1,103,223 | €258,444 | -€844,779 | -76.6% |
| Trade receivables | 40 | €811,492 | - | -€811,492 | |
| Other amounts receivable | 41 | €291,731 | €258,444 | -€33,287 | -11.4% |
| Current investments | 50/53 | €178,250 | €200,821 | +€22,571 | +12.7% |
| Cash at bank and in hand | 54/58 | €128,487 | €250,095 | +€121,608 | +94.6% |
| Deferred charges and accrued income | 490/1 | €16,512 | €23,013 | +€6,501 | +39.4% |
| Total equity and liabilities | 10/49 | €1,958,455 | €2,068,383 | +€109,927 | +5.6% |
| Equity | 10/15 | €479,422 | €528,674 | +€49,251 | +10.3% |
| Contributions | 10/11 | €41,312 | €41,312 | = | 0.0% |
| Reserves | 13 | €426,467 | €484,917 | +€58,450 | +13.7% |
| Non-distributable reserves | 130/1 | €2,117 | €2,117 | = | 0.0% |
| Other | 1319 | €2,117 | €2,117 | = | 0.0% |
| Distributable reserves | 133 | €424,350 | €482,800 | +€58,450 | +13.8% |
| Profit (loss) carried forward | 14 | €11,643 | €2,444 | -€9,199 | -79.0% |
| Amounts payable | 17/49 | €1,479,033 | €1,539,709 | +€60,676 | +4.1% |
| Amounts payable after more than one year | 17 | €706,140 | €533,913 | -€172,227 | -24.4% |
| Financial debts | 170/4 | €706,140 | €533,913 | -€172,227 | -24.4% |
| Amounts payable within one year | 42/48 | €772,833 | €1,004,626 | +€231,793 | +30.0% |
| Current portion of amounts payable after more than one year | 42 | €179,998 | €171,132 | -€8,866 | -4.9% |
| Trade debts | 44 | €3,926 | €122,546 | +€118,620 | +3021.6% |
| Suppliers | 440/4 | €3,926 | €122,546 | +€118,620 | +3021.6% |
| Advances received on contracts in progress | 46 | €700 | - | -€700 | |
| Taxes, remuneration and social security | 45 | €36,393 | €70,461 | +€34,068 | +93.6% |
| Taxes | 450/3 | - | €16,900 | +€16,900 | |
| Remuneration and social security | 454/9 | €36,393 | €53,561 | +€17,168 | +47.2% |
| Other amounts payable | 47/48 | €551,817 | €640,488 | +€88,670 | +16.1% |
| Accrued charges and deferred income | 492/3 | €60 | €1,170 | +€1,110 | +1850.7% |
| Remuneration, social security and pensions | 62 | €322,391 | €485,732 | +€163,342 | +50.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,811 | €166,635 | +€112,824 | +209.7% |
| Other operating charges | 640/8 | €21,623 | €35,085 | +€13,462 | +62.3% |
| Non-recurring operating charges | 66A | €1,980 | - | -€1,980 | |
| Gross operating margin | 9900 | €934,396 | €1,365,782 | +€431,386 | +46.2% |
| Operating profit (loss) | 9901 | €534,591 | €678,329 | +€143,739 | +26.9% |
| Financial income | 75/76B | €27,894 | €37,756 | +€9,862 | +35.4% |
| Recurring financial income | 75 | €27,894 | €37,756 | +€9,862 | +35.4% |
| Financial charges | 65/66B | €11,483 | €42,835 | +€31,352 | +273.0% |
| Recurring financial charges | 65 | €11,483 | €42,835 | +€31,352 | +273.0% |
| Profit (loss) for the period before taxes | 9903 | €551,002 | €673,250 | +€122,248 | +22.2% |
| Income taxes | 67/77 | €1,870 | €59,449 | +€57,578 | +3078.4% |
| Profit (loss) for the period | 9904 | €549,131 | €613,801 | +€64,670 | +11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €549,131 | €613,801 | +€64,670 | +11.8% |
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 10 October 2026 via checked.be.