De Centrale: what changed
Two fiscal 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.
De Centrale
Largest movements
- Cash +€40,937
up €40,937 (+64.8%), from €63,205 to €104,142
mainly Depreciation (+€38,590) and Net result for the year (+€29,983)
- Tangible fixed assets -€30,651
down €30,651 (-8.9%), from €344,925 to €314,273
of which Furniture and vehicles: -€20,728
- Reserves +€25,000
up €25,000 (+61.1%), from €40,922 to €65,922
of which Distributable reserves: +€25,000
- Debts after one year -€11,626
down €11,626 (-41.5%), from €28,018 to €16,392
- Tax, wage and social debts +€8,889
up €8,889 (+70.8%), from €12,552 to €21,441
- Other debts -€5,779
down €5,779 (-3.3%), from €177,552 to €171,772
- Current portion of long-term debt -€5,662
down €5,662 (-32.8%), from €17,288 to €11,626
- Gross operating margin +€15,689
up €15,689 (+17.2%), from €91,008 to €106,697
- Financial income -€14,111
down €14,111 (-96.5%), from €14,618 to €507
of which Non-recurring financial income: -€14,118
- Depreciation +€6,029
up €6,029 (+18.5%), from €32,560 to €38,590
- Other operating charges +€1,571
up €1,571 (+12.6%), from €12,488 to €14,059
- Financial charges +€1,517
up €1,517 (+22.4%), from €6,786 to €8,303
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 | €427,763 | €439,197 | +€11,434 | +2.7% |
| Fixed assets | 21/28 | €345,288 | €314,637 | -€30,651 | -8.9% |
| Tangible fixed assets | 22/27 | €344,925 | €314,273 | -€30,651 | -8.9% |
| Land and buildings | 22 | €290,210 | €280,925 | -€9,285 | -3.2% |
| Plant, machinery and equipment | 23 | €2,900 | €2,344 | -€556 | -19.2% |
| Furniture and vehicles | 24 | €51,606 | €30,879 | -€20,728 | -40.2% |
| Other tangible fixed assets | 26 | €208 | €126 | -€82 | -39.5% |
| Financial fixed assets | 28 | €364 | €364 | = | 0.0% |
| Current assets | 29/58 | €82,475 | €124,560 | +€42,085 | +51.0% |
| Amounts receivable within one year | 40/41 | €18,269 | €19,410 | +€1,141 | +6.2% |
| Trade receivables | 40 | €18,269 | €19,410 | +€1,141 | +6.2% |
| Current investments | 50/53 | €1,000 | €1,007 | +€7 | +0.7% |
| Cash at bank and in hand | 54/58 | €63,205 | €104,142 | +€40,937 | +64.8% |
| Total equity and liabilities | 10/49 | €427,763 | €439,197 | +€11,434 | +2.7% |
| Equity | 10/15 | €181,801 | €211,784 | +€29,983 | +16.5% |
| Contributions | 10/11 | €8,059 | €8,059 | = | 0.0% |
| Reserves | 13 | €40,922 | €65,922 | +€25,000 | +61.1% |
| Tax-exempt reserves | 132 | €3,922 | €3,922 | = | 0.0% |
| Distributable reserves | 133 | €37,000 | €62,000 | +€25,000 | +67.6% |
| Profit (loss) carried forward | 14 | €132,820 | €137,803 | +€4,983 | +3.8% |
| Amounts payable | 17/49 | €245,962 | €227,413 | -€18,549 | -7.5% |
| Amounts payable after more than one year | 17 | €28,018 | €16,392 | -€11,626 | -41.5% |
| Financial debts | 170/4 | €28,018 | €16,392 | -€11,626 | -41.5% |
| Amounts payable within one year | 42/48 | €217,944 | €211,021 | -€6,923 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €17,288 | €11,626 | -€5,662 | -32.8% |
| Trade debts | 44 | €10,552 | €6,182 | -€4,370 | -41.4% |
| Suppliers | 440/4 | €10,552 | €6,182 | -€4,370 | -41.4% |
| Taxes, remuneration and social security | 45 | €12,552 | €21,441 | +€8,889 | +70.8% |
| Taxes | 450/3 | €12,552 | €21,441 | +€8,889 | +70.8% |
| Other amounts payable | 47/48 | €177,552 | €171,772 | -€5,779 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,560 | €38,590 | +€6,029 | +18.5% |
| Other operating charges | 640/8 | €12,488 | €14,059 | +€1,571 | +12.6% |
| Gross operating margin | 9900 | €91,008 | €106,697 | +€15,689 | +17.2% |
| Operating profit (loss) | 9901 | €45,959 | €54,048 | +€8,089 | +17.6% |
| Financial income | 75/76B | €14,618 | €507 | -€14,111 | -96.5% |
| Recurring financial income | 75 | €1 | €8 | +€7 | +693.1% |
| Non-recurring financial income | 76B | €14,617 | €499 | -€14,118 | -96.6% |
| Financial charges | 65/66B | €6,786 | €8,303 | +€1,517 | +22.4% |
| Recurring financial charges | 65 | €6,786 | €8,303 | +€1,517 | +22.4% |
| Profit (loss) for the period before taxes | 9903 | €53,791 | €46,252 | -€7,539 | -14.0% |
| Income taxes | 67/77 | €16,354 | €16,269 | -€86 | -0.5% |
| Profit (loss) for the period | 9904 | €37,437 | €29,983 | -€7,453 | -19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €37,437 | €29,983 | -€7,453 | -19.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.