LA 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.
LA CENTRALE
Largest movements
- Cash +€209,662
up €209,662 (+184%), from €113,660 to €323,322
mainly Depreciation (+€147,883) and Current investments (+€145,000)
- Current investments -€145,000
down €145,000 (-59.2%), from €245,000 to €100,000
- Intangible fixed assets -€140,269
down €140,269 (-50.0%), from €280,538 to €140,269
- Deferred charges and accrued income -€11,475
down €11,475 (-37.1%), from €30,956 to €19,481
- Reserves -€140,269
down €140,269 (-47.5%), from €295,538 to €155,269
of which Tax-exempt reserves: -€140,269
- Profit (loss) carried forward +€36,581
up €36,581 (+67.9%), from €53,876 to €90,457
- Other debts +€20,332
up €20,332 (+450%), from €4,522 to €24,854
- Gross operating margin +€16,058
up €16,058 (+28.0%), from €57,359 to €73,417
- Financial income +€1,956
up €1,956 (+53.9%), from €3,633 to €5,589
- Taxes +€1,811
up €1,811 (+19.9%), from €9,110 to €10,921
- Staff costs +€1,043
up €1,043 (+4.9%), from €21,199 to €22,242
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 | €735,932 | €649,848 | -€86,085 | -11.7% |
| Fixed assets | 21/28 | €329,051 | €183,648 | -€145,404 | -44.2% |
| Intangible fixed assets | 21 | €280,538 | €140,269 | -€140,269 | -50.0% |
| Tangible fixed assets | 22/27 | €44,551 | €39,416 | -€5,135 | -11.5% |
| Land and buildings | 22 | €4,725 | €3,862 | -€864 | -18.3% |
| Furniture and vehicles | 24 | €2,442 | €3,710 | +€1,268 | +51.9% |
| Other tangible fixed assets | 26 | €37,383 | €31,844 | -€5,539 | -14.8% |
| Financial fixed assets | 28 | €3,963 | €3,963 | = | 0.0% |
| Current assets | 29/58 | €406,881 | €466,200 | +€59,319 | +14.6% |
| Amounts receivable within one year | 40/41 | €17,265 | €23,397 | +€6,132 | +35.5% |
| Other amounts receivable | 41 | €17,265 | €23,397 | +€6,132 | +35.5% |
| Current investments | 50/53 | €245,000 | €100,000 | -€145,000 | -59.2% |
| Cash at bank and in hand | 54/58 | €113,660 | €323,322 | +€209,662 | +184% |
| Deferred charges and accrued income | 490/1 | €30,956 | €19,481 | -€11,475 | -37.1% |
| Total equity and liabilities | 10/49 | €735,932 | €649,848 | -€86,085 | -11.7% |
| Equity | 10/15 | €725,614 | €621,926 | -€103,688 | -14.3% |
| Contributions | 10/11 | €376,200 | €376,200 | = | 0.0% |
| Reserves | 13 | €295,538 | €155,269 | -€140,269 | -47.5% |
| Tax-exempt reserves | 132 | €280,538 | €140,269 | -€140,269 | -50.0% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,876 | €90,457 | +€36,581 | +67.9% |
| Amounts payable | 17/49 | €10,318 | €27,922 | +€17,604 | +171% |
| Amounts payable within one year | 42/48 | €10,318 | €27,922 | +€17,604 | +171% |
| Taxes, remuneration and social security | 45 | €5,796 | €3,068 | -€2,728 | -47.1% |
| Taxes | 450/3 | €1,539 | - | -€1,539 | |
| Remuneration and social security | 454/9 | €4,257 | €3,068 | -€1,189 | -27.9% |
| Other amounts payable | 47/48 | €4,522 | €24,854 | +€20,332 | +450% |
| Remuneration, social security and pensions | 62 | €21,199 | €22,242 | +€1,043 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €147,546 | €147,883 | +€337 | +0.2% |
| Other operating charges | 640/8 | €1,698 | €1,371 | -€327 | -19.3% |
| Gross operating margin | 9900 | €57,359 | €73,417 | +€16,058 | +28.0% |
| Operating profit (loss) | 9901 | -€113,083 | -€98,078 | +€15,005 | +13.3% |
| Financial income | 75/76B | €3,633 | €5,589 | +€1,956 | +53.9% |
| Recurring financial income | 75 | €3,633 | €5,589 | +€1,956 | +53.9% |
| Financial charges | 65/66B | €349 | €277 | -€71 | -20.4% |
| Recurring financial charges | 65 | €349 | €277 | -€71 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | -€109,799 | -€92,767 | +€17,032 | +15.5% |
| Income taxes | 67/77 | €9,110 | €10,921 | +€1,811 | +19.9% |
| Profit (loss) for the period | 9904 | -€118,909 | -€103,688 | +€15,221 | +12.8% |
| Transfer from tax-exempt reserves | 789 | €140,269 | €140,269 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,360 | €36,581 | +€15,221 | +71.3% |
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.