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 -€193,703
down €193,703 (-88.0%), from €220,111 to €26,408
mainly Short-term financial debts (-€225,000) and Investment in fixed assets (net) (-€84,091)
- Receivables within one year -€26,613
down €26,613 (-14.1%), from €188,665 to €162,053
of which Trade receivables: -€17,680
- Tangible fixed assets +€21,509
up €21,509 (+7.2%), from €298,898 to €320,408
of which Leasing and similar rights: +€22,967
- Short-term financial debts -€225,000
no longer reported in 2025 (was €225,000)
- Other debts +€80,739
up €80,739 (+40.1%), from €201,238 to €281,977
- Trade debts -€63,682
down €63,682 (-32.8%), from €194,195 to €130,514
- Current portion of long-term debt -€40,734
down €40,734 (-59.5%), from €68,518 to €27,784
- Debts after one year +€35,356
up €35,356 (+168.5%), from €20,979 to €56,335
- Gross operating margin +€36,198
up €36,198 (+25.7%), from €140,704 to €176,902
- Staff costs +€31,437
up €31,437 (+69.5%), from €45,224 to €76,661
- Financial income -€28,936
down €28,936 (-97.8%), from €29,573 to €637
- Depreciation +€10,641
up €10,641 (+19.0%), from €56,054 to €66,695
- Taxes -€9,869
down €9,869 (-82.9%), from €11,908 to €2,039
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 | €991,168 | €790,882 | -€200,285 | -20.2% |
| Fixed assets | 21/28 | €317,971 | €335,367 | +€17,396 | +5.5% |
| Intangible fixed assets | 21 | €12,194 | €8,080 | -€4,113 | -33.7% |
| Tangible fixed assets | 22/27 | €298,898 | €320,408 | +€21,509 | +7.2% |
| Land and buildings | 22 | €223,894 | €211,594 | -€12,299 | -5.5% |
| Plant, machinery and equipment | 23 | €28,688 | €29,658 | +€970 | +3.4% |
| Furniture and vehicles | 24 | €3,810 | €13,682 | +€9,872 | +259.1% |
| Leasing and similar rights | 25 | €42,507 | €65,474 | +€22,967 | +54.0% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €6,879 | €6,879 | = | 0.0% |
| Current assets | 29/58 | €673,197 | €455,516 | -€217,681 | -32.3% |
| Amounts receivable after more than one year | 29 | €5,906 | - | -€5,906 | |
| Other amounts receivable | 291 | €5,906 | - | -€5,906 | |
| Stocks and contracts in progress | 3 | €247,183 | €247,165 | -€18 | 0.0% |
| Stocks | 30/36 | €247,183 | €247,165 | -€18 | 0.0% |
| Amounts receivable within one year | 40/41 | €188,665 | €162,053 | -€26,613 | -14.1% |
| Trade receivables | 40 | €86,089 | €68,409 | -€17,680 | -20.5% |
| Other amounts receivable | 41 | €102,576 | €93,643 | -€8,933 | -8.7% |
| Cash at bank and in hand | 54/58 | €220,111 | €26,408 | -€193,703 | -88.0% |
| Deferred charges and accrued income | 490/1 | €11,332 | €19,890 | +€8,559 | +75.5% |
| Total equity and liabilities | 10/49 | €991,168 | €790,882 | -€200,285 | -20.2% |
| Equity | 10/15 | €258,844 | €263,961 | +€5,116 | +2.0% |
| Contributions | 10/11 | €336,879 | €336,879 | = | 0.0% |
| Capital | 10 | €336,879 | - | -€336,879 | |
| Issued capital | 100 | €336,879 | - | -€336,879 | |
| Revaluation surpluses | 12 | €9,464 | €9,464 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€87,499 | -€82,383 | +€5,116 | +5.8% |
| Amounts payable | 17/49 | €732,324 | €526,922 | -€205,402 | -28.0% |
| Amounts payable after more than one year | 17 | €20,979 | €56,335 | +€35,356 | +168.5% |
| Financial debts | 170/4 | €20,979 | €56,335 | +€35,356 | +168.5% |
| Amounts payable within one year | 42/48 | €709,046 | €468,214 | -€240,833 | -34.0% |
| Current portion of amounts payable after more than one year | 42 | €68,518 | €27,784 | -€40,734 | -59.5% |
| Financial debts | 43 | €225,000 | - | -€225,000 | |
| Credit institutions | 430/8 | €225,000 | - | -€225,000 | |
| Trade debts | 44 | €194,195 | €130,514 | -€63,682 | -32.8% |
| Suppliers | 440/4 | €194,195 | €130,514 | -€63,682 | -32.8% |
| Advances received on contracts in progress | 46 | €2,184 | €9,032 | +€6,848 | +313.5% |
| Taxes, remuneration and social security | 45 | €17,912 | €18,907 | +€996 | +5.6% |
| Taxes | 450/3 | €14,398 | €2,882 | -€11,516 | -80.0% |
| Remuneration and social security | 454/9 | €3,514 | €16,025 | +€12,512 | +356.1% |
| Other amounts payable | 47/48 | €201,238 | €281,977 | +€80,739 | +40.1% |
| Accrued charges and deferred income | 492/3 | €2,298 | €2,373 | +€75 | +3.2% |
| Remuneration, social security and pensions | 62 | €45,224 | €76,661 | +€31,437 | +69.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,054 | €66,695 | +€10,641 | +19.0% |
| Other operating charges | 640/8 | €14,034 | €18,000 | +€3,966 | +28.3% |
| Gross operating margin | 9900 | €140,704 | €176,902 | +€36,198 | +25.7% |
| Operating profit (loss) | 9901 | €25,392 | €15,546 | -€9,846 | -38.8% |
| Financial income | 75/76B | €29,573 | €637 | -€28,936 | -97.8% |
| Recurring financial income | 75 | €29,573 | €637 | -€28,936 | -97.8% |
| Financial charges | 65/66B | €13,841 | €9,027 | -€4,815 | -34.8% |
| Recurring financial charges | 65 | €13,841 | €9,027 | -€4,815 | -34.8% |
| Profit (loss) for the period before taxes | 9903 | €41,124 | €7,156 | -€33,968 | -82.6% |
| Income taxes | 67/77 | €11,908 | €2,039 | -€9,869 | -82.9% |
| Profit (loss) for the period | 9904 | €29,216 | €5,116 | -€24,099 | -82.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,216 | €5,116 | -€24,099 | -82.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.