Het Centrum: 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.
Het Centrum
Largest movements
- Tangible fixed assets -€41,888
down €41,888 (-9.5%), from €440,343 to €398,455
of which Land and buildings: -€42,230
- Cash +€12,465
up €12,465 (+1710.8%), from €729 to €13,194
mainly Depreciation (+€47,479) and Tax, wage and social debts (+€3,700)
- Reserves -€12,786
down €12,786 (-5.7%), from €226,166 to €213,380
of which Tax-exempt reserves: -€15,534
- Debts after one year -€10,367
down €10,367 (-22.5%), from €46,056 to €35,689
- Provisions -€5,178
down €5,178 (-20.1%), from €25,758 to €20,580
- Gross operating margin +€9,846
up €9,846 (+22.3%), from €44,241 to €54,087
- Taxes +€2,471
up €2,471 (+113.0%), from €2,187 to €4,657
- Other operating charges -€1,023
down €1,023 (-11.3%), from €9,072 to €8,050
- Depreciation +€863
up €863 (+1.9%), from €46,616 to €47,479
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 | €445,915 | €418,266 | -€27,649 | -6.2% |
| Fixed assets | 21/28 | €440,343 | €398,455 | -€41,888 | -9.5% |
| Tangible fixed assets | 22/27 | €440,343 | €398,455 | -€41,888 | -9.5% |
| Land and buildings | 22 | €414,740 | €372,510 | -€42,230 | -10.2% |
| Plant, machinery and equipment | 23 | €25,603 | €25,945 | +€342 | +1.3% |
| Current assets | 29/58 | €5,572 | €19,811 | +€14,238 | +255.5% |
| Amounts receivable within one year | 40/41 | €2,800 | €4,510 | +€1,710 | +61.1% |
| Other amounts receivable | 41 | €2,800 | €4,510 | +€1,710 | +61.1% |
| Cash at bank and in hand | 54/58 | €729 | €13,194 | +€12,465 | +1710.8% |
| Deferred charges and accrued income | 490/1 | €2,044 | €2,107 | +€63 | +3.1% |
| Total equity and liabilities | 10/49 | €445,915 | €418,266 | -€27,649 | -6.2% |
| Equity | 10/15 | €351,166 | €338,380 | -€12,786 | -3.6% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €226,166 | €213,380 | -€12,786 | -5.7% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €77,274 | €61,740 | -€15,534 | -20.1% |
| Distributable reserves | 133 | €136,392 | €139,140 | +€2,748 | +2.0% |
| Provisions and deferred taxes | 16 | €25,758 | €20,580 | -€5,178 | -20.1% |
| Deferred taxes | 168 | €25,758 | €20,580 | -€5,178 | -20.1% |
| Amounts payable | 17/49 | €68,991 | €59,306 | -€9,685 | -14.0% |
| Amounts payable after more than one year | 17 | €46,056 | €35,689 | -€10,367 | -22.5% |
| Financial debts | 170/4 | €46,056 | €35,689 | -€10,367 | -22.5% |
| Amounts payable within one year | 42/48 | €20,605 | €21,266 | +€661 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €10,781 | €10,566 | -€215 | -2.0% |
| Trade debts | 44 | €1,961 | - | -€1,961 | |
| Suppliers | 440/4 | €1,961 | - | -€1,961 | |
| Taxes, remuneration and social security | 45 | - | €3,700 | +€3,700 | |
| Taxes | 450/3 | - | €3,700 | +€3,700 | |
| Other amounts payable | 47/48 | €7,863 | €7,000 | -€863 | -11.0% |
| Accrued charges and deferred income | 492/3 | €2,330 | €2,350 | +€20 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,616 | €47,479 | +€863 | +1.9% |
| Other operating charges | 640/8 | €9,072 | €8,050 | -€1,023 | -11.3% |
| Gross operating margin | 9900 | €44,241 | €54,087 | +€9,846 | +22.3% |
| Operating profit (loss) | 9901 | -€11,448 | -€1,442 | +€10,006 | +87.4% |
| Financial income | 75/76B | €81 | €15 | -€66 | -81.3% |
| Recurring financial income | 75 | €81 | €15 | -€66 | -81.3% |
| Financial charges | 65/66B | €2,046 | €1,880 | -€166 | -8.1% |
| Recurring financial charges | 65 | €2,046 | €1,880 | -€166 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | -€13,413 | -€3,306 | +€10,107 | +75.3% |
| Transfer from deferred taxes | 780 | €5,178 | €5,178 | = | 0.0% |
| Income taxes | 67/77 | €2,187 | €4,657 | +€2,471 | +113.0% |
| Profit (loss) for the period | 9904 | -€10,422 | -€2,786 | +€7,636 | +73.3% |
| Transfer from tax-exempt reserves | 789 | €15,534 | €15,534 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,112 | €12,748 | +€7,636 | +149.4% |
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.