GRAND CENTRAL: 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.
GRAND CENTRAL
Largest movements
- Cash +€17,792
up €17,792 (+42.1%), from €42,232 to €60,024
mainly Net result for the year (+€15,844) and Depreciation (+€7,441)
- Tangible fixed assets -€7,441
down €7,441 (-3.9%), from €191,298 to €183,856
of which Land and buildings: -€6,092
- Profit (loss) carried forward +€15,844
up €15,844 (+18.2%), from -€87,182 to -€71,339
- Debts after one year -€6,593
down €6,593 (-29.5%), from €22,355 to €15,762
- Gross operating margin +€3,683
up €3,683 (+15.8%), from €23,275 to €26,958
- Purchases and services -€1,683
down €1,683 (-23.0%), from €7,325 to €5,642
- Other operating charges -€503
down €503 (-13.2%), from €3,827 to €3,324
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 | €325,761 | €336,611 | +€10,851 | +3.3% |
| Fixed assets | 21/28 | €191,298 | €183,856 | -€7,441 | -3.9% |
| Tangible fixed assets | 22/27 | €191,298 | €183,856 | -€7,441 | -3.9% |
| Land and buildings | 22 | €188,898 | €182,806 | -€6,092 | -3.2% |
| Other tangible fixed assets | 26 | €2,400 | €1,050 | -€1,350 | -56.2% |
| Current assets | 29/58 | €134,463 | €152,755 | +€18,292 | +13.6% |
| Stocks and contracts in progress | 3 | €91,231 | €91,231 | = | 0.0% |
| Stocks | 30/36 | €91,231 | €91,231 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €42,232 | €60,024 | +€17,792 | +42.1% |
| Deferred charges and accrued income | 490/1 | €1,000 | €1,500 | +€500 | +50.0% |
| Total equity and liabilities | 10/49 | €325,761 | €336,611 | +€10,851 | +3.3% |
| Equity | 10/15 | -€12,814 | €3,029 | +€15,844 | |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€87,182 | -€71,339 | +€15,844 | +18.2% |
| Amounts payable | 17/49 | €338,575 | €333,582 | -€4,993 | -1.5% |
| Amounts payable after more than one year | 17 | €22,355 | €15,762 | -€6,593 | -29.5% |
| Financial debts | 170/4 | €22,355 | €15,762 | -€6,593 | -29.5% |
| Amounts payable within one year | 42/48 | €316,219 | €316,219 | = | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €6,214 | €6,214 | = | 0.0% |
| Other amounts payable | 47/48 | €310,006 | €310,006 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €1,600 | +€1,600 | |
| Goods, raw materials, services and sundry goods | 60/61 | €7,325 | €5,642 | -€1,683 | -23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,441 | €7,441 | = | 0.0% |
| Other operating charges | 640/8 | €3,827 | €3,324 | -€503 | -13.2% |
| Gross operating margin | 9900 | €23,275 | €26,958 | +€3,683 | +15.8% |
| Operating profit (loss) | 9901 | €12,006 | €16,192 | +€4,186 | +34.9% |
| Financial charges | 65/66B | €433 | €348 | -€85 | -19.6% |
| Recurring financial charges | 65 | €433 | €348 | -€85 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €11,573 | €15,844 | +€4,271 | +36.9% |
| Profit (loss) for the period | 9904 | €11,573 | €15,844 | +€4,271 | +36.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,573 | €15,844 | +€4,271 | +36.9% |
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 24 October 2026 via checked.be.