CERITER: 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.
CERITER
Largest movements
- Receivables within one year +€130,016
up €130,016 (+45.2%), from €287,691 to €417,707
of which Other amounts receivable: +€170,374
- Cash +€118,760
up €118,760 (+49.3%), from €240,778 to €359,539
mainly Contributions, distributions and other (+€529,254) and Depreciation (+€62,348)
- Intangible fixed assets +€111,704
up €111,704 (+32.9%), from €339,709 to €451,412
- Contributions +€529,254
up €529,254 (+71.7%), from €738,295 to €1.3m
- Profit (loss) carried forward -€221,526
down €221,526 (-71.4%), from -€310,435 to -€531,961
- Debts after one year +€33,454
up €33,454 (+8.7%), from €383,828 to €417,282
- Gross operating margin +€46,604
up €46,604 (+30.6%), from -€152,471 to -€105,867
- Staff costs +€30,394
new in 2025: €30,394
- Financial charges -€17,049
down €17,049 (-37.9%), from €44,978 to €27,928
- Depreciation -€16,190
down €16,190 (-20.6%), from €78,538 to €62,348
- Financial income +€6,989
up €6,989 (+2,495%), from €280 to €7,269
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 | €881,326 | €1,233,202 | +€351,876 | +39.9% |
| Fixed assets | 21/28 | €342,037 | €453,741 | +€111,704 | +32.7% |
| Intangible fixed assets | 21 | €339,709 | €451,412 | +€111,704 | +32.9% |
| Financial fixed assets | 28 | €2,328 | €2,328 | = | 0.0% |
| Current assets | 29/58 | €539,289 | €779,461 | +€240,172 | +44.5% |
| Stocks and contracts in progress | 3 | €10,820 | - | -€10,820 | |
| Stocks | 30/36 | €10,820 | - | -€10,820 | |
| Amounts receivable within one year | 40/41 | €287,691 | €417,707 | +€130,016 | +45.2% |
| Trade receivables | 40 | €67,080 | €26,723 | -€40,357 | -60.2% |
| Other amounts receivable | 41 | €220,611 | €390,985 | +€170,374 | +77.2% |
| Cash at bank and in hand | 54/58 | €240,778 | €359,539 | +€118,760 | +49.3% |
| Deferred charges and accrued income | 490/1 | - | €2,215 | +€2,215 | |
| Total equity and liabilities | 10/49 | €881,326 | €1,233,202 | +€351,876 | +39.9% |
| Equity | 10/15 | €427,860 | €735,587 | +€307,728 | +71.9% |
| Contributions | 10/11 | €738,295 | €1,267,549 | +€529,254 | +71.7% |
| Profit (loss) carried forward | 14 | -€310,435 | -€531,961 | -€221,526 | -71.4% |
| Amounts payable | 17/49 | €453,467 | €497,615 | +€44,148 | +9.7% |
| Amounts payable after more than one year | 17 | €383,828 | €417,282 | +€33,454 | +8.7% |
| Financial debts | 170/4 | €383,828 | €417,282 | +€33,454 | +8.7% |
| Amounts payable within one year | 42/48 | €69,639 | €80,333 | +€10,694 | +15.4% |
| Trade debts | 44 | €66,633 | €71,695 | +€5,062 | +7.6% |
| Suppliers | 440/4 | €66,633 | €71,695 | +€5,062 | +7.6% |
| Taxes, remuneration and social security | 45 | - | €5,936 | +€5,936 | |
| Remuneration and social security | 454/9 | - | €5,936 | +€5,936 | |
| Other amounts payable | 47/48 | €3,006 | €2,702 | -€304 | -10.1% |
| Remuneration, social security and pensions | 62 | - | €30,394 | +€30,394 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,538 | €62,348 | -€16,190 | -20.6% |
| Other operating charges | 640/8 | €4,305 | €2,258 | -€2,047 | -47.6% |
| Gross operating margin | 9900 | -€152,471 | -€105,867 | +€46,604 | +30.6% |
| Operating profit (loss) | 9901 | -€235,314 | -€200,867 | +€34,447 | +14.6% |
| Financial income | 75/76B | €280 | €7,269 | +€6,989 | +2,495% |
| Recurring financial income | 75 | €280 | €7,269 | +€6,989 | +2,495% |
| Financial charges | 65/66B | €44,978 | €27,928 | -€17,049 | -37.9% |
| Recurring financial charges | 65 | €44,978 | €27,928 | -€17,049 | -37.9% |
| Profit (loss) for the period before taxes | 9903 | -€280,012 | -€221,526 | +€58,485 | +20.9% |
| Profit (loss) for the period | 9904 | -€280,012 | -€221,526 | +€58,485 | +20.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€280,012 | -€221,526 | +€58,485 | +20.9% |
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.