CETRONIC BENELUX: what changed
What changed
CETRONIC BENELUX
NACE 46.480, Wholesale trade
filed annual accounts (NBB)
Net result for the year
€130,122
2024 · €72,132+€57,989
Equity
€924,100
2024 · €883,978+€40,122
Cash
€244,299
2024 · €327,285-€82,986
Balance sheet total
€1.2m
2024 · €1.3m-€84,001
Largest movements
Assets
- Stocks and contracts +€170,387
up €170,387 (+25.6%), from €664,974 to €835,360
- Receivables within one year -€137,856
down €137,856 (-47.9%), from €287,657 to €149,801
of which Trade receivables: -€127,085
- Cash -€82,986
down €82,986 (-25.4%), from €327,285 to €244,299
mainly Stocks and contracts (-€170,387) and Trade debts (-€106,508)
- Deferred charges and accrued income -€32,993
down €32,993 (-86.9%), from €37,966 to €4,973
Equity and liabilities
- Trade debts -€106,508
down €106,508 (-48.4%), from €219,985 to €113,478
- Profit (loss) carried forward +€40,122
up €40,122 (+194%), from €20,628 to €60,750
- Debts after one year -€40,000
down €40,000 (-66.7%), from €60,000 to €20,000
- Tax, wage and social debts +€22,385
up €22,385 (+40.2%), from €55,649 to €78,033
of which Taxes: +€22,116
Income statement
- Gross operating margin +€86,059
up €86,059 (+24.7%), from €347,954 to €434,013
- Taxes +€16,591
up €16,591 (+63.2%), from €26,272 to €42,864
- Staff costs +€9,250
up €9,250 (+4.7%), from €197,922 to €207,172
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€72,132
Gross operating margin
+€86,059
Staff costs
-€9,250
Depreciation
+€483
Other operating charges
-€1,450
Financial income
+€1,427
Financial charges
-€2,689
Taxes
-€16,591
Result 2025
€130,122
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€49,360
Investment
-€2,346
Financing
-€130,000
Cash 2024
€327,285
From operations (derived)
+€49,360
Net result for the year
+€130,122
Depreciation
+€2,899
Stocks and contracts
-€170,387
Receivables within one year
+€137,856
Deferred charges and accrued income
+€32,993
Trade debts
-€106,508
Tax, wage and social debts
+€22,385
Investment (derived)
-€2,346
Investment in fixed assets (net)
-€2,346
Financing
-€130,000
Debts after one year
-€40,000
Contributions, distributions and other
-€90,000
Cash 2025
€244,299
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,324,612 | €1,240,611 | -€84,001 | -6.3% |
| Fixed assets | 21/28 | €6,730 | €6,177 | -€553 | -8.2% |
| Tangible fixed assets | 22/27 | €6,730 | €6,177 | -€553 | -8.2% |
| Plant, machinery and equipment | 23 | €3,614 | €2,005 | -€1,608 | -44.5% |
| Furniture and vehicles | 24 | €718 | €2,572 | +€1,854 | +258% |
| Other tangible fixed assets | 26 | €2,399 | €1,600 | -€799 | -33.3% |
| Current assets | 29/58 | €1,317,882 | €1,234,434 | -€83,448 | -6.3% |
| Stocks and contracts in progress | 3 | €664,974 | €835,360 | +€170,387 | +25.6% |
| Stocks | 30/36 | €664,974 | €835,360 | +€170,387 | +25.6% |
| Amounts receivable within one year | 40/41 | €287,657 | €149,801 | -€137,856 | -47.9% |
| Trade receivables | 40 | €276,886 | €149,801 | -€127,085 | -45.9% |
| Other amounts receivable | 41 | €10,771 | - | -€10,771 | |
| Cash at bank and in hand | 54/58 | €327,285 | €244,299 | -€82,986 | -25.4% |
| Deferred charges and accrued income | 490/1 | €37,966 | €4,973 | -€32,993 | -86.9% |
| Total equity and liabilities | 10/49 | €1,324,612 | €1,240,611 | -€84,001 | -6.3% |
| Equity | 10/15 | €883,978 | €924,100 | +€40,122 | +4.5% |
| Contributions | 10/11 | €410,000 | €410,000 | = | 0.0% |
| Capital | 10 | €410,000 | €410,000 | = | 0.0% |
| Issued capital | 100 | €410,000 | €410,000 | = | 0.0% |
| Reserves | 13 | €453,350 | €453,350 | = | 0.0% |
| Non-distributable reserves | 130/1 | €41,000 | €41,000 | = | 0.0% |
| Legal reserve | 130 | €41,000 | €41,000 | = | 0.0% |
| Distributable reserves | 133 | €412,350 | €412,350 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,628 | €60,750 | +€40,122 | +194% |
| Amounts payable | 17/49 | €440,634 | €316,511 | -€124,123 | -28.2% |
| Amounts payable after more than one year | 17 | €60,000 | €20,000 | -€40,000 | -66.7% |
| Financial debts | 170/4 | €60,000 | €20,000 | -€40,000 | -66.7% |
| Amounts payable within one year | 42/48 | €380,634 | €296,511 | -€84,123 | -22.1% |
| Current portion of amounts payable after more than one year | 42 | €15,000 | €15,000 | = | 0.0% |
| Trade debts | 44 | €219,985 | €113,478 | -€106,508 | -48.4% |
| Suppliers | 440/4 | €219,985 | €113,478 | -€106,508 | -48.4% |
| Taxes, remuneration and social security | 45 | €55,649 | €78,033 | +€22,385 | +40.2% |
| Taxes | 450/3 | €37,231 | €59,347 | +€22,116 | +59.4% |
| Remuneration and social security | 454/9 | €18,417 | €18,686 | +€269 | +1.5% |
| Other amounts payable | 47/48 | €90,000 | €90,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €197,922 | €207,172 | +€9,250 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,382 | €2,899 | -€483 | -14.3% |
| Other operating charges | 640/8 | €29,950 | €31,400 | +€1,450 | +4.8% |
| Gross operating margin | 9900 | €347,954 | €434,013 | +€86,059 | +24.7% |
| Operating profit (loss) | 9901 | €116,700 | €192,543 | +€75,842 | +65.0% |
| Financial income | 75/76B | €504 | €1,931 | +€1,427 | +283% |
| Recurring financial income | 75 | €504 | €1,931 | +€1,427 | +283% |
| Financial charges | 65/66B | €18,800 | €21,489 | +€2,689 | +14.3% |
| Recurring financial charges | 65 | €18,800 | €21,489 | +€2,689 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | €98,405 | €172,985 | +€74,581 | +75.8% |
| Income taxes | 67/77 | €26,272 | €42,864 | +€16,591 | +63.2% |
| Profit (loss) for the period | 9904 | €72,132 | €130,122 | +€57,989 | +80.4% |
| Profit (loss) for the period to be appropriated | 9905 | €72,132 | €130,122 | +€57,989 | +80.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.