CERITECH: 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.
CERITECH
Largest movements
- Receivables within one year +€35,122
up €35,122 (+136.3%), from €25,759 to €60,881
of which Trade receivables: +€36,467
- Stocks and contracts -€11,824
down €11,824 (-53.3%), from €22,178 to €10,354
- Intangible fixed assets -€10,000
down €10,000 (-28.6%), from €35,000 to €25,000
- Cash -€5,646
down €5,646 (-78.0%), from €7,243 to €1,596
mainly Receivables within one year (-€35,122) and Debts after one year (-€16,240)
- Profit (loss) carried forward +€23,491
up €23,491 (+85.6%), from -€27,441 to -€3,950
- Debts after one year -€16,240
no longer reported in 2024 (was €16,240)
- Tax, wage and social debts +€12,042
up €12,042 (+169.8%), from €7,093 to €19,135
of which Remuneration and social security: +€8,794
- Trade debts -€9,737
down €9,737 (-51.6%), from €18,880 to €9,142
- Current portion of long-term debt -€6,563
down €6,563 (-30.8%), from €21,328 to €14,764
- Gross operating margin +€37,116
up €37,116 (+63.3%), from €58,665 to €95,780
- Staff costs +€10,662
up €10,662 (+24.3%), from €43,926 to €54,588
- Write-downs +€2,119
new in 2024: €2,119
- Taxes +€1,515
new in 2024: €1,515
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €93,980 | €101,480 | +€7,501 | +8.0% |
| Fixed assets | 21/28 | €38,219 | €28,255 | -€9,964 | -26.1% |
| Intangible fixed assets | 21 | €35,000 | €25,000 | -€10,000 | -28.6% |
| Tangible fixed assets | 22/27 | €1,519 | €1,555 | +€36 | +2.4% |
| Plant, machinery and equipment | 23 | €320 | €93 | -€227 | -71.0% |
| Furniture and vehicles | 24 | €1,198 | €1,462 | +€264 | +22.0% |
| Financial fixed assets | 28 | €1,700 | €1,700 | = | 0.0% |
| Current assets | 29/58 | €55,761 | €73,225 | +€17,465 | +31.3% |
| Stocks and contracts in progress | 3 | €22,178 | €10,354 | -€11,824 | -53.3% |
| Stocks | 30/36 | €22,178 | €10,354 | -€11,824 | -53.3% |
| Amounts receivable within one year | 40/41 | €25,759 | €60,881 | +€35,122 | +136.3% |
| Trade receivables | 40 | €24,406 | €60,873 | +€36,467 | +149.4% |
| Other amounts receivable | 41 | €1,353 | €8 | -€1,345 | -99.4% |
| Cash at bank and in hand | 54/58 | €7,243 | €1,596 | -€5,646 | -78.0% |
| Deferred charges and accrued income | 490/1 | €582 | €395 | -€187 | -32.2% |
| Total equity and liabilities | 10/49 | €93,980 | €101,480 | +€7,501 | +8.0% |
| Equity | 10/15 | -€8,841 | €14,650 | +€23,491 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,441 | -€3,950 | +€23,491 | +85.6% |
| Amounts payable | 17/49 | €102,821 | €86,830 | -€15,990 | -15.6% |
| Amounts payable after more than one year | 17 | €16,240 | - | -€16,240 | |
| Financial debts | 170/4 | €16,240 | - | -€16,240 | |
| Amounts payable within one year | 42/48 | €86,580 | €85,434 | -€1,147 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €21,328 | €14,764 | -€6,563 | -30.8% |
| Trade debts | 44 | €18,880 | €9,142 | -€9,737 | -51.6% |
| Suppliers | 440/4 | €18,880 | €9,142 | -€9,737 | -51.6% |
| Taxes, remuneration and social security | 45 | €7,093 | €19,135 | +€12,042 | +169.8% |
| Taxes | 450/3 | €855 | €4,102 | +€3,248 | +380.1% |
| Remuneration and social security | 454/9 | €6,238 | €15,033 | +€8,794 | +141.0% |
| Other amounts payable | 47/48 | €39,280 | €42,392 | +€3,112 | +7.9% |
| Accrued charges and deferred income | 492/3 | - | €1,396 | +€1,396 | |
| Remuneration, social security and pensions | 62 | €43,926 | €54,588 | +€10,662 | +24.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,513 | €10,734 | +€221 | +2.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,119 | +€2,119 | |
| Other operating charges | 640/8 | €2,663 | €1,927 | -€737 | -27.7% |
| Gross operating margin | 9900 | €58,665 | €95,780 | +€37,116 | +63.3% |
| Operating profit (loss) | 9901 | €1,562 | €26,412 | +€24,850 | +1590.6% |
| Financial income | 75/76B | €13 | €11 | -€2 | -15.9% |
| Recurring financial income | 75 | €13 | €11 | -€2 | -15.9% |
| Financial charges | 65/66B | €1,544 | €1,416 | -€127 | -8.3% |
| Recurring financial charges | 65 | €1,544 | €1,416 | -€127 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €31 | €25,007 | +€24,975 | +79998.0% |
| Income taxes | 67/77 | - | €1,515 | +€1,515 | |
| Profit (loss) for the period | 9904 | €31 | €23,491 | +€23,460 | +75143.9% |
| Profit (loss) for the period to be appropriated | 9905 | €31 | €23,491 | +€23,460 | +75143.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.