ReCenter: 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.
ReCenter
Largest movements
- Tangible fixed assets +€898,972
up €898,972 (+42.7%), from €2.1m to €3.0m
of which Land and buildings: +€832,674
- Cash -€83,546
down €83,546 (-97.1%), from €86,007 to €2,461
mainly Investment in fixed assets (net) (-€899,960) and Net result for the year (-€258,645)
- Debts after one year +€938,223
up €938,223 (+62.8%), from €1.5m to €2.4m
- Profit (loss) carried forward -€258,645
down €258,645 (-190%), from -€136,219 to -€394,864
- Accrued charges and deferred income +€122,383
up €122,383 (+2,627%), from €4,659 to €127,042
- Trade debts +€65,847
up €65,847 (+368%), from €17,882 to €83,729
- Current portion of long-term debt -€46,223
down €46,223 (-33.0%), from €139,973 to €93,750
- Gross operating margin -€236,317
down €236,317 (-1,317%), from -€17,948 to -€254,265
- Depreciation -€109,023
no longer reported in 2025 (was €109,023)
- Other operating charges -€4,396
down €4,396 (-60.9%), from €7,218 to €2,822
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 | €2,328,372 | €3,148,019 | +€819,648 | +35.2% |
| Formation expenses | 20 | €119,259 | €120,247 | +€988 | +0.8% |
| Fixed assets | 21/28 | €2,103,003 | €3,001,975 | +€898,972 | +42.7% |
| Tangible fixed assets | 22/27 | €2,103,003 | €3,001,975 | +€898,972 | +42.7% |
| Land and buildings | 22 | €2,102,153 | €2,934,827 | +€832,674 | +39.6% |
| Plant, machinery and equipment | 23 | €850 | €17,853 | +€17,003 | +2,000% |
| Furniture and vehicles | 24 | - | €49,295 | +€49,295 | |
| Current assets | 29/58 | €106,109 | €25,798 | -€80,312 | -75.7% |
| Amounts receivable within one year | 40/41 | €18,663 | €22,458 | +€3,795 | +20.3% |
| Trade receivables | 40 | - | €9,738 | +€9,738 | |
| Other amounts receivable | 41 | €18,663 | €12,720 | -€5,942 | -31.8% |
| Cash at bank and in hand | 54/58 | €86,007 | €2,461 | -€83,546 | -97.1% |
| Deferred charges and accrued income | 490/1 | €1,440 | €878 | -€562 | -39.0% |
| Total equity and liabilities | 10/49 | €2,328,372 | €3,148,019 | +€819,648 | +35.2% |
| Equity | 10/15 | €667,781 | €409,136 | -€258,645 | -38.7% |
| Contributions | 10/11 | €804,000 | €804,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€136,219 | -€394,864 | -€258,645 | -190% |
| Amounts payable | 17/49 | €1,660,591 | €2,738,883 | +€1.1m | +64.9% |
| Amounts payable after more than one year | 17 | €1,495,027 | €2,433,250 | +€938,223 | +62.8% |
| Financial debts | 170/4 | €1,495,027 | €2,433,250 | +€938,223 | +62.8% |
| Amounts payable within one year | 42/48 | €160,904 | €178,591 | +€17,687 | +11.0% |
| Current portion of amounts payable after more than one year | 42 | €139,973 | €93,750 | -€46,223 | -33.0% |
| Trade debts | 44 | €17,882 | €83,729 | +€65,847 | +368% |
| Suppliers | 440/4 | €17,882 | €83,729 | +€65,847 | +368% |
| Taxes, remuneration and social security | 45 | - | €1,111 | +€1,111 | |
| Taxes | 450/3 | - | €1,111 | +€1,111 | |
| Other amounts payable | 47/48 | €3,050 | - | -€3,050 | |
| Accrued charges and deferred income | 492/3 | €4,659 | €127,042 | +€122,383 | +2,627% |
| Remuneration, social security and pensions | 62 | €94 | - | -€94 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,023 | - | -€109,023 | |
| Other operating charges | 640/8 | €7,218 | €2,822 | -€4,396 | -60.9% |
| Gross operating margin | 9900 | -€17,948 | -€254,265 | -€236,317 | -1,317% |
| Operating profit (loss) | 9901 | -€134,284 | -€257,087 | -€122,803 | -91.5% |
| Financial income | 75/76B | €6 | €442 | +€436 | +7,470% |
| Recurring financial income | 75 | €6 | €442 | +€436 | +7,470% |
| Financial charges | 65/66B | €1,941 | €2,000 | +€59 | +3.0% |
| Recurring financial charges | 65 | €1,941 | €2,000 | +€59 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | -€136,219 | -€258,645 | -€122,425 | -89.9% |
| Profit (loss) for the period | 9904 | -€136,219 | -€258,645 | -€122,425 | -89.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€136,219 | -€258,645 | -€122,425 | -89.9% |
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 14 October 2026 via checked.be.