CENTUREO: 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.
What changed
CENTUREO
NACE 68.121, Development of residential building projects
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1,038
2024 · -€27,767+€28,805
Equity
€135,543
2024 · €137,262-€1,719
Cash
€44,692
2024 · €11,401+€33,292
Balance sheet total
€6.1m
2024 · €5.5m+€600,806
Largest movements
Assets
- Tangible fixed assets +€271,243
up €271,243 (+7.8%), from €3.5m to €3.7m
of which Assets under construction and advance payments: +€319,013
- Stocks and contracts +€205,759
up €205,759 (+10.1%), from €2.0m to €2.2m
- Deferred charges and accrued income +€82,795
up €82,795 (+14,883%), from €556 to €83,352
Equity and liabilities
- Other debts -€1.3m
no longer reported in 2025 (was €1.3m)
- Trade debts +€1.2m
up €1.2m (+695%), from €177,247 to €1.4m
- Debts after one year +€766,694
up €766,694 (+20.1%), from €3.8m to €4.6m
of which Financial debts: +€697,434
- Current portion of long-term debt -€69,654
no longer reported in 2025 (was €69,654)
Income statement
- Gross operating margin +€77,730
up €77,730 (+54.7%), from €142,084 to €219,814
- Financial charges +€38,993
up €38,993 (+48.5%), from €80,406 to €119,399
of which Financial charges: +€41,599
- Depreciation +€15,411
up €15,411 (+32.1%), from €48,008 to €63,419
- Staff costs -€8,571
down €8,571 (-27.6%), from €31,038 to €22,466
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.
Result 2024
-€27,767
Gross operating margin
+€77,730
Staff costs
+€8,571
Depreciation
-€15,411
Other operating charges
-€1,736
Other operating items
-€1,464
Financial charges
-€38,993
Taxes
+€108
Result 2025
€1,038
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€327,059
Investment
-€333,932
Financing
+€694,283
Cash 2024
€11,401
From operations (derived)
-€327,059
Net result for the year
+€1,038
Depreciation
+€63,419
Stocks and contracts
-€205,759
Receivables within one year
-€8,447
Deferred charges and accrued income
-€82,795
Trade debts
+€1.2m
Tax, wage and social debts
+€12,459
Other debts
-€1.3m
Accrued charges and deferred income
-€7,259
Investment (derived)
-€333,932
Investment in fixed assets (net)
-€333,932
Financing
+€694,283
Debts after one year
+€766,694
Current portion of long-term debt
-€69,654
Contributions, distributions and other
-€2,757
Cash 2025
€44,692
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,533,667 | €6,134,473 | +€600,806 | +10.9% |
| Fixed assets | 21/28 | €3,472,329 | €3,742,842 | +€270,513 | +7.8% |
| Intangible fixed assets | 21 | €6,532 | €5,802 | -€730 | -11.2% |
| Tangible fixed assets | 22/27 | €3,461,397 | €3,732,640 | +€271,243 | +7.8% |
| Land and buildings | 22 | €828,771 | €802,429 | -€26,342 | -3.2% |
| Plant, machinery and equipment | 23 | €13,670 | €11,331 | -€2,339 | -17.1% |
| Furniture and vehicles | 24 | €187,472 | €168,384 | -€19,089 | -10.2% |
| Assets under construction and advance payments | 27 | €2,431,484 | €2,750,497 | +€319,013 | +13.1% |
| Financial fixed assets | 28 | €4,400 | €4,400 | = | 0.0% |
| Current assets | 29/58 | €2,061,338 | €2,391,631 | +€330,293 | +16.0% |
| Stocks and contracts in progress | 3 | €2,032,173 | €2,237,932 | +€205,759 | +10.1% |
| Stocks | 30/36 | €2,032,173 | €2,237,932 | +€205,759 | +10.1% |
| Amounts receivable within one year | 40/41 | €17,209 | €25,656 | +€8,447 | +49.1% |
| Trade receivables | 40 | - | €11,593 | +€11,593 | |
| Other amounts receivable | 41 | €17,209 | €14,063 | -€3,146 | -18.3% |
| Cash at bank and in hand | 54/58 | €11,401 | €44,692 | +€33,292 | +292% |
| Deferred charges and accrued income | 490/1 | €556 | €83,352 | +€82,795 | +14,883% |
| Total equity and liabilities | 10/49 | €5,533,667 | €6,134,473 | +€600,806 | +10.9% |
| Equity | 10/15 | €137,262 | €135,543 | -€1,719 | -1.3% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €32,574 | €32,574 | = | 0.0% |
| Distributable reserves | 133 | €32,574 | €32,574 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,767 | -€26,729 | +€1,038 | +3.7% |
| Investment grants | 15 | €57,455 | €54,698 | -€2,757 | -4.8% |
| Amounts payable | 17/49 | €5,396,405 | €5,998,930 | +€602,525 | +11.2% |
| Amounts payable after more than one year | 17 | €3,810,879 | €4,577,574 | +€766,694 | +20.1% |
| Financial debts | 170/4 | €2,829,635 | €3,527,069 | +€697,434 | +24.6% |
| Other amounts payable | 178/9 | €981,245 | €1,050,505 | +€69,260 | +7.1% |
| Amounts payable within one year | 42/48 | €1,578,266 | €1,421,356 | -€156,910 | -9.9% |
| Current portion of amounts payable after more than one year | 42 | €69,654 | - | -€69,654 | |
| Trade debts | 44 | €177,247 | €1,408,679 | +€1.2m | +695% |
| Suppliers | 440/4 | €177,247 | €1,408,679 | +€1.2m | +695% |
| Taxes, remuneration and social security | 45 | €218 | €12,677 | +€12,459 | +5,718% |
| Taxes | 450/3 | €218 | €10,754 | +€10,536 | +4,835% |
| Remuneration and social security | 454/9 | - | €1,923 | +€1,923 | |
| Other amounts payable | 47/48 | €1,331,147 | - | -€1.3m | |
| Accrued charges and deferred income | 492/3 | €7,259 | - | -€7,259 | |
| Non-recurring operating income | 76A | €2,783 | €4,860 | +€2,076 | +74.6% |
| Remuneration, social security and pensions | 62 | €31,038 | €22,466 | -€8,571 | -27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,008 | €63,419 | +€15,411 | +32.1% |
| Other operating charges | 640/8 | €6,036 | €7,772 | +€1,736 | +28.8% |
| Non-recurring operating charges | 66A | €7,013 | €8,477 | +€1,464 | +20.9% |
| Gross operating margin | 9900 | €142,084 | €219,814 | +€77,730 | +54.7% |
| Operating profit (loss) | 9901 | €49,990 | €117,679 | +€67,690 | +135% |
| Financial income | 75/76B | €2,757 | €2,757 | = | 0.0% |
| Recurring financial income | 75 | €2,757 | €2,757 | = | 0.0% |
| Financial charges | 65/66B | €80,406 | €119,399 | +€38,993 | +48.5% |
| Recurring financial charges | 65 | €77,800 | €119,399 | +€41,599 | +53.5% |
| Non-recurring financial charges | 66B | €2,606 | - | -€2,606 | |
| Profit (loss) for the period before taxes | 9903 | -€27,659 | €1,038 | +€28,697 | |
| Income taxes | 67/77 | €108 | - | -€108 | |
| Profit (loss) for the period | 9904 | -€27,767 | €1,038 | +€28,805 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,767 | €1,038 | +€28,805 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.