EX - CENTRIC: what changed
What changed
EX - CENTRIC
NACE 46.494, Wholesale of non-electrical household articles
filed annual accounts (NBB)
Net result for the year
€21,262
2025 · €53,852-€32,590
Equity
€782,789
2025 · €761,526+€21,262
Cash
€740,931
2025 · €644,709+€96,222
Balance sheet total
€1.0m
2025 · €1.0m+€25,845
Largest movements
Assets
- Cash +€96,222
up €96,222 (+14.9%), from €644,709 to €740,931
mainly Current investments (+€75,000) and Net result for the year (+€21,262)
- Current investments -€75,000
down €75,000 (-100%), from €75,000 to €0
- Receivables within one year +€27,746
up €27,746 (+103%), from €26,837 to €54,584
of which Trade receivables: +€19,211
- Stocks and contracts -€17,371
down €17,371 (-7.3%), from €239,308 to €221,937
Equity and liabilities
- Reserves +€21,262
up €21,262 (+3.1%), from €692,136 to €713,399
Income statement
- Gross operating margin -€26,278
down €26,278 (-13.8%), from €189,820 to €163,542
- Staff costs +€19,036
up €19,036 (+18.8%), from €100,986 to €120,021
- Taxes -€14,889
down €14,889 (-57.6%), from €25,864 to €10,975
- Financial income -€3,740
down €3,740 (-34.0%), from €11,005 to €7,265
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€53,852
Gross operating margin
-€26,278
Staff costs
-€19,036
Depreciation
+€994
Other operating charges
-€417
Financial income
-€3,740
Financial charges
+€998
Taxes
+€14,889
Result 2026
€21,262
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€24,799
Investment
+€71,423
Financing
€0
Cash 2025
€644,709
From operations (derived)
+€24,799
Net result for the year
+€21,262
Depreciation
+€9,365
Stocks and contracts
+€17,371
Receivables within one year
-€27,746
Smaller working-capital items
-€184
Tax, wage and social debts
+€6,688
Other debts
-€1,059
Accrued charges and deferred income
-€897
Investment (derived)
+€71,423
Investment in fixed assets (net)
-€3,578
Current investments
+€75,000
Cash 2026
€740,931
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,009,989 | €1,035,834 | +€25,845 | +2.6% |
| Fixed assets | 21/28 | €15,629 | €9,841 | -€5,788 | -37.0% |
| Tangible fixed assets | 22/27 | €15,629 | €9,841 | -€5,788 | -37.0% |
| Plant, machinery and equipment | 23 | €5,853 | €6,821 | +€968 | +16.5% |
| Furniture and vehicles | 24 | €9,775 | €3,020 | -€6,755 | -69.1% |
| Current assets | 29/58 | €994,360 | €1,025,993 | +€31,633 | +3.2% |
| Stocks and contracts in progress | 3 | €239,308 | €221,937 | -€17,371 | -7.3% |
| Stocks | 30/36 | €239,308 | €221,937 | -€17,371 | -7.3% |
| Amounts receivable within one year | 40/41 | €26,837 | €54,584 | +€27,746 | +103% |
| Trade receivables | 40 | €19,747 | €38,957 | +€19,211 | +97.3% |
| Other amounts receivable | 41 | €7,091 | €15,626 | +€8,536 | +120% |
| Current investments | 50/53 | €75,000 | €0 | -€75,000 | -100% |
| Cash at bank and in hand | 54/58 | €644,709 | €740,931 | +€96,222 | +14.9% |
| Deferred charges and accrued income | 490/1 | €8,506 | €8,542 | +€35 | +0.4% |
| Total equity and liabilities | 10/49 | €1,009,989 | €1,035,834 | +€25,845 | +2.6% |
| Equity | 10/15 | €761,526 | €782,789 | +€21,262 | +2.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €692,136 | €713,399 | +€21,262 | +3.1% |
| Distributable reserves | 133 | €692,136 | €713,399 | +€21,262 | +3.1% |
| Profit (loss) carried forward | 14 | €50,798 | €50,798 | = | 0.0% |
| Amounts payable | 17/49 | €248,463 | €253,046 | +€4,583 | +1.8% |
| Amounts payable within one year | 42/48 | €242,757 | €248,237 | +€5,480 | +2.3% |
| Trade debts | 44 | €152,608 | €152,460 | -€148 | -0.1% |
| Suppliers | 440/4 | €152,608 | €152,460 | -€148 | -0.1% |
| Taxes, remuneration and social security | 45 | €21,863 | €28,551 | +€6,688 | +30.6% |
| Taxes | 450/3 | €6,920 | €13,407 | +€6,487 | +93.7% |
| Remuneration and social security | 454/9 | €14,943 | €15,144 | +€201 | +1.3% |
| Other amounts payable | 47/48 | €68,285 | €67,226 | -€1,059 | -1.6% |
| Accrued charges and deferred income | 492/3 | €5,706 | €4,809 | -€897 | -15.7% |
| Remuneration, social security and pensions | 62 | €100,986 | €120,021 | +€19,036 | +18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,359 | €9,365 | -€994 | -9.6% |
| Other operating charges | 640/8 | €1,774 | €2,191 | +€417 | +23.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €189,820 | €163,542 | -€26,278 | -13.8% |
| Operating profit (loss) | 9901 | €76,701 | €31,965 | -€44,736 | -58.3% |
| Financial income | 75/76B | €11,005 | €7,265 | -€3,740 | -34.0% |
| Recurring financial income | 75 | €11,005 | €7,265 | -€3,740 | -34.0% |
| Financial charges | 65/66B | €7,991 | €6,993 | -€998 | -12.5% |
| Recurring financial charges | 65 | €7,991 | €6,993 | -€998 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €79,716 | €32,237 | -€47,479 | -59.6% |
| Income taxes | 67/77 | €25,864 | €10,975 | -€14,889 | -57.6% |
| Profit (loss) for the period | 9904 | €53,852 | €21,262 | -€32,590 | -60.5% |
| Profit (loss) for the period to be appropriated | 9905 | €53,852 | €21,262 | -€32,590 | -60.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 28 February 2025 and 28 February 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.