EL CENTRO: 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.
EL CENTRO
Largest movements
- Cash +€16,560
up €16,560 (+22.7%), from €72,938 to €89,498
mainly Net result for the year (+€22,668) and Depreciation (+€21,078)
- Receivables within one year +€11,999
up €11,999 (+159.3%), from €7,534 to €19,533
of which Other amounts receivable: +€11,380
- Tangible fixed assets -€9,207
down €9,207 (-17.4%), from €52,893 to €43,685
- Reserves +€22,500
up €22,500 (+40.0%), from €56,209 to €78,709
- Trade debts -€9,098
down €9,098 (-55.0%), from €16,539 to €7,441
- Tax, wage and social debts +€5,153
up €5,153 (+22.9%), from €22,485 to €27,638
of which Taxes: +€4,818
- Staff costs +€63,031
up €63,031 (+127.5%), from €49,431 to €112,462
- Gross operating margin +€42,045
up €42,045 (+32.5%), from €129,560 to €171,605
- Depreciation -€7,595
down €7,595 (-26.5%), from €28,673 to €21,078
- Taxes +€3,371
up €3,371 (+59.9%), from €5,630 to €9,001
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 | €147,763 | €167,289 | +€19,526 | +13.2% |
| Fixed assets | 21/28 | €52,893 | €44,575 | -€8,317 | -15.7% |
| Tangible fixed assets | 22/27 | €52,893 | €43,685 | -€9,207 | -17.4% |
| Plant, machinery and equipment | 23 | €32,004 | €28,593 | -€3,411 | -10.7% |
| Furniture and vehicles | 24 | €13,444 | €11,605 | -€1,839 | -13.7% |
| Other tangible fixed assets | 26 | €7,444 | €3,487 | -€3,957 | -53.2% |
| Financial fixed assets | 28 | - | €890 | +€890 | |
| Current assets | 29/58 | €94,870 | €122,714 | +€27,844 | +29.3% |
| Stocks and contracts in progress | 3 | €6,845 | €5,373 | -€1,473 | -21.5% |
| Stocks | 30/36 | €6,845 | €5,373 | -€1,473 | -21.5% |
| Amounts receivable within one year | 40/41 | €7,534 | €19,533 | +€11,999 | +159.3% |
| Trade receivables | 40 | €4,164 | €4,783 | +€620 | +14.9% |
| Other amounts receivable | 41 | €3,370 | €14,750 | +€11,380 | +337.7% |
| Cash at bank and in hand | 54/58 | €72,938 | €89,498 | +€16,560 | +22.7% |
| Deferred charges and accrued income | 490/1 | €7,553 | €8,310 | +€757 | +10.0% |
| Total equity and liabilities | 10/49 | €147,763 | €167,289 | +€19,526 | +13.2% |
| Equity | 10/15 | €107,424 | €130,092 | +€22,668 | +21.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €56,209 | €78,709 | +€22,500 | +40.0% |
| Distributable reserves | 133 | €56,209 | €78,709 | +€22,500 | +40.0% |
| Profit (loss) carried forward | 14 | €32,623 | €32,791 | +€168 | +0.5% |
| Amounts payable | 17/49 | €40,339 | €37,197 | -€3,142 | -7.8% |
| Amounts payable within one year | 42/48 | €40,339 | €37,197 | -€3,142 | -7.8% |
| Trade debts | 44 | €16,539 | €7,441 | -€9,098 | -55.0% |
| Suppliers | 440/4 | €16,539 | €7,441 | -€9,098 | -55.0% |
| Taxes, remuneration and social security | 45 | €22,485 | €27,638 | +€5,153 | +22.9% |
| Taxes | 450/3 | €16,709 | €21,527 | +€4,818 | +28.8% |
| Remuneration and social security | 454/9 | €5,776 | €6,111 | +€335 | +5.8% |
| Other amounts payable | 47/48 | €1,315 | €2,118 | +€803 | +61.1% |
| Remuneration, social security and pensions | 62 | €49,431 | €112,462 | +€63,031 | +127.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,673 | €21,078 | -€7,595 | -26.5% |
| Other operating charges | 640/8 | €3,571 | €3,990 | +€419 | +11.7% |
| Non-recurring operating charges | 66A | €1,500 | - | -€1,500 | |
| Gross operating margin | 9900 | €129,560 | €171,605 | +€42,045 | +32.5% |
| Operating profit (loss) | 9901 | €46,385 | €34,076 | -€12,309 | -26.5% |
| Financial income | 75/76B | - | €528 | +€528 | |
| Recurring financial income | 75 | - | €528 | +€528 | |
| Financial charges | 65/66B | €2,298 | €2,935 | +€637 | +27.7% |
| Recurring financial charges | 65 | €2,298 | €2,935 | +€637 | +27.7% |
| Profit (loss) for the period before taxes | 9903 | €44,087 | €31,669 | -€12,418 | -28.2% |
| Income taxes | 67/77 | €5,630 | €9,001 | +€3,371 | +59.9% |
| Profit (loss) for the period | 9904 | €38,457 | €22,668 | -€15,789 | -41.1% |
| Profit (loss) for the period to be appropriated | 9905 | €38,457 | €22,668 | -€15,789 | -41.1% |
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 10 October 2026 via checked.be.