Ter Centrum: 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.
Ter Centrum
Largest movements
- Tangible fixed assets -€15,749
down €15,749 (-6.2%), from €253,499 to €237,750
of which Land and buildings: -€9,449
- Cash +€14,210
up €14,210 (+72.3%), from €19,662 to €33,871
mainly Depreciation (+€18,480) and Trade debts (+€5,009)
- Other debts -€7,051
down €7,051 (-45.4%), from €15,541 to €8,491
- Trade debts +€5,009
up €5,009 (+1,040%), from €482 to €5,491
- Gross operating margin -€18,413
down €18,413 (-28.1%), from €65,536 to €47,123
- Taxes +€8,763
up €8,763 (+1,164%), from €753 to €9,516
- Staff costs -€6,071
down €6,071 (-50.8%), from €11,939 to €5,868
- Depreciation +€5,296
up €5,296 (+40.2%), from €13,185 to €18,480
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 | €278,947 | €278,091 | -€856 | -0.3% |
| Fixed assets | 21/28 | €253,499 | €237,750 | -€15,749 | -6.2% |
| Tangible fixed assets | 22/27 | €253,499 | €237,750 | -€15,749 | -6.2% |
| Land and buildings | 22 | €223,049 | €213,600 | -€9,449 | -4.2% |
| Furniture and vehicles | 24 | €30,450 | €24,150 | -€6,300 | -20.7% |
| Current assets | 29/58 | €25,448 | €40,341 | +€14,893 | +58.5% |
| Current investments | 50/53 | €5,786 | €6,470 | +€684 | +11.8% |
| Cash at bank and in hand | 54/58 | €19,662 | €33,871 | +€14,210 | +72.3% |
| Total equity and liabilities | 10/49 | €278,947 | €278,091 | -€856 | -0.3% |
| Equity | 10/15 | €250,780 | €251,301 | +€521 | +0.2% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €187,780 | €188,301 | +€521 | +0.3% |
| Non-distributable reserves | 130/1 | €6,300 | €6,300 | = | 0.0% |
| Legal reserve | 130 | €6,300 | €6,300 | = | 0.0% |
| Distributable reserves | 133 | €181,480 | €182,001 | +€521 | +0.3% |
| Amounts payable | 17/49 | €28,166 | €26,790 | -€1,376 | -4.9% |
| Amounts payable within one year | 42/48 | €28,166 | €26,790 | -€1,376 | -4.9% |
| Current portion of amounts payable after more than one year | 42 | €12,143 | €12,808 | +€665 | +5.5% |
| Trade debts | 44 | €482 | €5,491 | +€5,009 | +1,040% |
| Suppliers | 440/4 | €482 | €5,491 | +€5,009 | +1,040% |
| Other amounts payable | 47/48 | €15,541 | €8,491 | -€7,051 | -45.4% |
| Non-recurring operating income | 76A | €11,000 | - | -€11,000 | |
| Remuneration, social security and pensions | 62 | €11,939 | €5,868 | -€6,071 | -50.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,185 | €18,480 | +€5,296 | +40.2% |
| Other operating charges | 640/8 | €12,446 | €12,598 | +€152 | +1.2% |
| Gross operating margin | 9900 | €65,536 | €47,123 | -€18,413 | -28.1% |
| Operating profit (loss) | 9901 | €27,966 | €10,177 | -€17,790 | -63.6% |
| Financial income | 75/76B | €62 | €100 | +€38 | +62.0% |
| Recurring financial income | 75 | €62 | €100 | +€38 | +62.0% |
| Financial charges | 65/66B | €190 | €240 | +€50 | +26.1% |
| Recurring financial charges | 65 | €190 | €240 | +€50 | +26.1% |
| Profit (loss) for the period before taxes | 9903 | €27,837 | €10,036 | -€17,801 | -63.9% |
| Income taxes | 67/77 | €753 | €9,516 | +€8,763 | +1,164% |
| Profit (loss) for the period | 9904 | €27,084 | €521 | -€26,564 | -98.1% |
| Profit (loss) for the period to be appropriated | 9905 | €27,084 | €521 | -€26,564 | -98.1% |
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 13 October 2026 via checked.be.