CENTURION: 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.
CENTURION
Largest movements
- Tangible fixed assets -€770,439
down €770,439 (-79.8%), from €965,560 to €195,121
- Receivables within one year +€441,812
up €441,812 (+37.0%), from €1.2m to €1.6m
of which Other amounts receivable: +€437,114
- Deferred charges and accrued income +€38,238
new in 2025: €38,238
- Debts after one year -€520,066
down €520,066 (-100%), from €520,066 to €0
- Reserves +€165,492
up €165,492 (+18.1%), from €915,952 to €1.1m
of which Distributable reserves: +€133,345
- Tax, wage and social debts +€117,621
up €117,621 (+149%), from €79,120 to €196,740
- Current portion of long-term debt -€59,952
down €59,952 (-100%), from €59,952 to €0
- Gross operating margin +€109,972
up €109,972 (+123%), from €89,668 to €199,641
- Turnover -€108,000
no longer reported in 2025 (was €108,000)
- Taxes +€30,031
new in 2025: €30,031
- Depreciation -€21,700
down €21,700 (-62.0%), from €35,001 to €13,301
- Purchases and services -€18,432
no longer reported in 2025 (was €18,432)
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,158,367 | €1,867,978 | -€290,389 | -13.5% |
| Fixed assets | 21/28 | €965,560 | €195,121 | -€770,439 | -79.8% |
| Tangible fixed assets | 22/27 | €965,560 | €195,121 | -€770,439 | -79.8% |
| Land and buildings | 22 | €965,560 | €195,121 | -€770,439 | -79.8% |
| Current assets | 29/58 | €1,192,808 | €1,672,857 | +€480,050 | +40.2% |
| Amounts receivable within one year | 40/41 | €1,192,808 | €1,634,619 | +€441,812 | +37.0% |
| Trade receivables | 40 | €0 | €4,697 | +€4,697 | |
| Other amounts receivable | 41 | €1,192,808 | €1,629,922 | +€437,114 | +36.6% |
| Deferred charges and accrued income | 490/1 | - | €38,238 | +€38,238 | |
| Total equity and liabilities | 10/49 | €2,158,367 | €1,867,978 | -€290,389 | -13.5% |
| Equity | 10/15 | €1,165,952 | €1,331,444 | +€165,492 | +14.2% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €915,952 | €1,081,444 | +€165,492 | +18.1% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €419,243 | €451,390 | +€32,147 | +7.7% |
| Distributable reserves | 133 | €471,708 | €605,053 | +€133,345 | +28.3% |
| Provisions and deferred taxes | 16 | €139,748 | €150,463 | +€10,716 | +7.7% |
| Deferred taxes | 168 | €139,748 | €150,463 | +€10,716 | +7.7% |
| Amounts payable | 17/49 | €852,668 | €386,071 | -€466,597 | -54.7% |
| Amounts payable after more than one year | 17 | €520,066 | €0 | -€520,066 | -100% |
| Financial debts | 170/4 | €520,066 | €0 | -€520,066 | -100% |
| Amounts payable within one year | 42/48 | €332,602 | €386,071 | +€53,470 | +16.1% |
| Current portion of amounts payable after more than one year | 42 | €59,952 | €0 | -€59,952 | -100% |
| Trade debts | 44 | €193,530 | €189,331 | -€4,199 | -2.2% |
| Suppliers | 440/4 | €193,530 | €189,331 | -€4,199 | -2.2% |
| Taxes, remuneration and social security | 45 | €79,120 | €196,740 | +€117,621 | +149% |
| Taxes | 450/3 | €79,120 | €196,740 | +€117,621 | +149% |
| Turnover | 70 | €108,000 | - | -€108,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €18,432 | - | -€18,432 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,001 | €13,301 | -€21,700 | -62.0% |
| Other operating charges | 640/8 | €5,113 | €4,958 | -€156 | -3.0% |
| Gross operating margin | 9900 | €89,668 | €199,641 | +€109,972 | +123% |
| Operating profit (loss) | 9901 | €49,554 | €181,382 | +€131,828 | +266% |
| Financial income | 75/76B | €51,623 | €38,816 | -€12,807 | -24.8% |
| Recurring financial income | 75 | €51,623 | €38,816 | -€12,807 | -24.8% |
| Financial charges | 65/66B | €10,427 | €13,959 | +€3,532 | +33.9% |
| Recurring financial charges | 65 | €10,427 | €13,959 | +€3,532 | +33.9% |
| Profit (loss) for the period before taxes | 9903 | €90,750 | €206,239 | +€115,489 | +127% |
| Transfer to deferred taxes | 680 | €0 | €10,716 | +€10,716 | |
| Income taxes | 67/77 | - | €30,031 | +€30,031 | |
| Profit (loss) for the period | 9904 | €90,750 | €165,492 | +€74,742 | +82.4% |
| Transfer to tax-exempt reserves | 689 | €0 | €32,147 | +€32,147 | |
| Profit (loss) for the period to be appropriated | 9905 | €90,750 | €133,345 | +€42,595 | +46.9% |
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.