De Centrale: 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.
De Centrale
Largest movements
- Tangible fixed assets +€963,898
up €963,898 (+74.8%), from €1.3m to €2.3m
- Receivables within one year +€102,299
up €102,299 (+55.3%), from €184,869 to €287,168
of which Trade receivables: +€158,485
- Revaluation surpluses +€824,197
new in 2025: €824,197
- Trade debts +€232,795
up €232,795 (+1,222%), from €19,052 to €251,847
- Gross operating margin +€12,657
up €12,657 (+17.3%), from €73,360 to €86,017
- Depreciation +€11,511
up €11,511 (+17.1%), from €67,152 to €78,663
- Other operating charges +€6,173
up €6,173 (+65.4%), from €9,445 to €15,618
- Write-downs -€5,966
new in 2025: -€5,966
- Financial income -€2,167
down €2,167 (-36.2%), from €5,981 to €3,814
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
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 | €1,518,575 | €2,585,315 | +€1.1m | +70.2% |
| Fixed assets | 21/28 | €1,288,450 | €2,252,348 | +€963,898 | +74.8% |
| Tangible fixed assets | 22/27 | €1,288,450 | €2,252,348 | +€963,898 | +74.8% |
| Land and buildings | 22 | €1,288,450 | €2,252,348 | +€963,898 | +74.8% |
| Current assets | 29/58 | €230,125 | €332,967 | +€102,842 | +44.7% |
| Amounts receivable within one year | 40/41 | €184,869 | €287,168 | +€102,299 | +55.3% |
| Trade receivables | 40 | €29,768 | €188,252 | +€158,485 | +532% |
| Other amounts receivable | 41 | €155,101 | €98,915 | -€56,186 | -36.2% |
| Cash at bank and in hand | 54/58 | €41,241 | €42,545 | +€1,303 | +3.2% |
| Deferred charges and accrued income | 490/1 | €4,015 | €3,255 | -€760 | -18.9% |
| Total equity and liabilities | 10/49 | €1,518,575 | €2,585,315 | +€1.1m | +70.2% |
| Equity | 10/15 | €668,994 | €1,494,367 | +€825,374 | +123% |
| Contributions | 10/11 | €775,000 | €775,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €824,197 | +€824,197 | |
| Reserves | 13 | €2,096 | €2,096 | = | 0.0% |
| Distributable reserves | 133 | €2,096 | €2,096 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€108,102 | -€106,926 | +€1,176 | +1.1% |
| Amounts payable | 17/49 | €849,581 | €1,090,948 | +€241,367 | +28.4% |
| Amounts payable after more than one year | 17 | €735,000 | €735,000 | = | 0.0% |
| Financial debts | 170/4 | €735,000 | €735,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €114,581 | €347,377 | +€232,795 | +203% |
| Trade debts | 44 | €19,052 | €251,847 | +€232,795 | +1,222% |
| Suppliers | 440/4 | €19,052 | €251,847 | +€232,795 | +1,222% |
| Other amounts payable | 47/48 | €95,529 | €95,529 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €8,571 | +€8,571 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,152 | €78,663 | +€11,511 | +17.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€5,966 | -€5,966 | |
| Other operating charges | 640/8 | €9,445 | €15,618 | +€6,173 | +65.4% |
| Gross operating margin | 9900 | €73,360 | €86,017 | +€12,657 | +17.3% |
| Operating profit (loss) | 9901 | -€3,237 | -€2,298 | +€939 | +29.0% |
| Financial income | 75/76B | €5,981 | €3,814 | -€2,167 | -36.2% |
| Recurring financial income | 75 | €5,981 | €3,814 | -€2,167 | -36.2% |
| Financial charges | 65/66B | €163 | €340 | +€177 | +109% |
| Recurring financial charges | 65 | €163 | €340 | +€177 | +109% |
| Profit (loss) for the period before taxes | 9903 | €2,581 | €1,176 | -€1,405 | -54.4% |
| Profit (loss) for the period | 9904 | €2,581 | €1,176 | -€1,405 | -54.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,581 | €1,176 | -€1,405 | -54.4% |
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 16 October 2026 via checked.be.