P CENTRALE: 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.
P CENTRALE
Largest movements
- Receivables within one year -€132,385
down €132,385 (-15.0%), from €880,636 to €748,251
of which Trade receivables: -€130,979
- Stocks and contracts -€35,612
down €35,612 (-7.3%), from €488,881 to €453,269
- Financial fixed assets +€25,019
up €25,019 (+250.2%), from €10,000 to €35,019
- Cash +€18,687
up €18,687 (+513.1%), from €3,642 to €22,329
mainly Receivables within one year (+€132,385) and Depreciation (+€61,730)
- Trade debts -€154,956
down €154,956 (-9.7%), from €1.6m to €1.4m
- Profit (loss) carried forward +€34,718
up €34,718 (+59.8%), from €58,086 to €92,804
- Staff costs +€58,176
up €58,176 (+30.5%), from €190,529 to €248,705
- Gross operating margin +€53,508
up €53,508 (+16.9%), from €316,223 to €369,731
- Depreciation +€12,118
up €12,118 (+24.4%), from €49,612 to €61,730
- Taxes -€8,420
down €8,420 (-34.1%), from €24,674 to €16,253
- Financial income -€5,340
down €5,340 (-99.6%), from €5,360 to €19
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 | €1,762,152 | €1,629,260 | -€132,892 | -7.5% |
| Formation expenses | 20 | €503 | €503 | = | 0.0% |
| Fixed assets | 21/28 | €388,491 | €404,908 | +€16,417 | +4.2% |
| Tangible fixed assets | 22/27 | €378,491 | €369,889 | -€8,602 | -2.3% |
| Plant, machinery and equipment | 23 | €351,050 | €345,650 | -€5,400 | -1.5% |
| Other tangible fixed assets | 26 | €27,441 | €24,238 | -€3,202 | -11.7% |
| Financial fixed assets | 28 | €10,000 | €35,019 | +€25,019 | +250.2% |
| Current assets | 29/58 | €1,373,158 | €1,223,849 | -€149,309 | -10.9% |
| Stocks and contracts in progress | 3 | €488,881 | €453,269 | -€35,612 | -7.3% |
| Stocks | 30/36 | €488,881 | €453,269 | -€35,612 | -7.3% |
| Amounts receivable within one year | 40/41 | €880,636 | €748,251 | -€132,385 | -15.0% |
| Trade receivables | 40 | €879,230 | €748,251 | -€130,979 | -14.9% |
| Other amounts receivable | 41 | €1,406 | - | -€1,406 | |
| Cash at bank and in hand | 54/58 | €3,642 | €22,329 | +€18,687 | +513.1% |
| Total equity and liabilities | 10/49 | €1,762,152 | €1,629,260 | -€132,892 | -7.5% |
| Equity | 10/15 | €72,555 | €107,272 | +€34,718 | +47.9% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €2,469 | €2,469 | = | 0.0% |
| Distributable reserves | 133 | €2,469 | €2,469 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,086 | €92,804 | +€34,718 | +59.8% |
| Amounts payable | 17/49 | €1,689,598 | €1,521,988 | -€167,610 | -9.9% |
| Amounts payable within one year | 42/48 | €1,689,598 | €1,521,988 | -€167,610 | -9.9% |
| Trade debts | 44 | €1,594,530 | €1,439,575 | -€154,956 | -9.7% |
| Suppliers | 440/4 | €1,594,530 | €1,439,575 | -€154,956 | -9.7% |
| Taxes, remuneration and social security | 45 | €95,068 | €82,413 | -€12,654 | -13.3% |
| Taxes | 450/3 | €68,040 | €78,834 | +€10,794 | +15.9% |
| Remuneration and social security | 454/9 | €27,027 | €3,579 | -€23,448 | -86.8% |
| Remuneration, social security and pensions | 62 | €190,529 | €248,705 | +€58,176 | +30.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,612 | €61,730 | +€12,118 | +24.4% |
| Other operating charges | 640/8 | €6,911 | €6,096 | -€815 | -11.8% |
| Gross operating margin | 9900 | €316,223 | €369,731 | +€53,508 | +16.9% |
| Operating profit (loss) | 9901 | €69,172 | €53,200 | -€15,971 | -23.1% |
| Financial income | 75/76B | €5,360 | €19 | -€5,340 | -99.6% |
| Recurring financial income | 75 | €5,360 | €19 | -€5,340 | -99.6% |
| Financial charges | 65/66B | €482 | €2,248 | +€1,767 | +366.7% |
| Recurring financial charges | 65 | €482 | €2,248 | +€1,767 | +366.7% |
| Profit (loss) for the period before taxes | 9903 | €74,049 | €50,971 | -€23,078 | -31.2% |
| Income taxes | 67/77 | €24,674 | €16,253 | -€8,420 | -34.1% |
| Profit (loss) for the period | 9904 | €49,376 | €34,718 | -€14,658 | -29.7% |
| Profit (loss) for the period to be appropriated | 9905 | €49,376 | €34,718 | -€14,658 | -29.7% |
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 2 October 2026 via checked.be.