CERTABO: what changed
Two fiscal 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.
CERTABO
Largest movements
- Receivables within one year +€9,027
up €9,027 (+42.3%), from €21,321 to €30,348
of which Trade receivables: +€9,469
- Other debts +€40,269
up €40,269 (+25.2%), from €159,721 to €199,990
- Trade debts -€21,209
down €21,209 (-96.8%), from €21,905 to €696
- Debts after one year -€19,609
down €19,609 (-13.3%), from €147,296 to €127,687
- Profit (loss) carried forward +€10,482
up €10,482 (+3.7%), from -€285,641 to -€275,159
- Gross operating margin +€17,627
up €17,627 (+67.2%), from €26,231 to €43,858
- Depreciation +€5,006
up €5,006 (+21.9%), from €22,901 to €27,907
- Other operating charges -€557
down €557 (-15.5%), from €3,584 to €3,027
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 | €426,230 | €436,500 | +€10,270 | +2.4% |
| Fixed assets | 21/28 | €145,648 | €144,575 | -€1,072 | -0.7% |
| Intangible fixed assets | 21 | €3,272 | €2,382 | -€890 | -27.2% |
| Tangible fixed assets | 22/27 | €142,376 | €142,193 | -€182 | -0.1% |
| Land and buildings | 22 | €54,356 | €54,356 | = | 0.0% |
| Plant, machinery and equipment | 23 | €35,447 | €33,128 | -€2,319 | -6.5% |
| Furniture and vehicles | 24 | €48,070 | €51,402 | +€3,333 | +6.9% |
| Other tangible fixed assets | 26 | €4,503 | €3,307 | -€1,196 | -26.6% |
| Current assets | 29/58 | €280,582 | €291,925 | +€11,342 | +4.0% |
| Stocks and contracts in progress | 3 | €240,636 | €240,201 | -€435 | -0.2% |
| Stocks | 30/36 | €240,636 | €240,201 | -€435 | -0.2% |
| Amounts receivable within one year | 40/41 | €21,321 | €30,348 | +€9,027 | +42.3% |
| Trade receivables | 40 | €20,784 | €30,253 | +€9,469 | +45.6% |
| Other amounts receivable | 41 | €537 | €96 | -€441 | -82.2% |
| Cash at bank and in hand | 54/58 | €17,539 | €20,140 | +€2,602 | +14.8% |
| Deferred charges and accrued income | 490/1 | €1,086 | €1,235 | +€149 | +13.7% |
| Total equity and liabilities | 10/49 | €426,230 | €436,500 | +€10,270 | +2.4% |
| Equity | 10/15 | €78,037 | €88,519 | +€10,482 | +13.4% |
| Contributions | 10/11 | €272,605 | €272,605 | = | 0.0% |
| Capital | 10 | €272,605 | €272,605 | = | 0.0% |
| Issued capital | 100 | €272,605 | €272,605 | = | 0.0% |
| Reserves | 13 | €91,073 | €91,073 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,850 | €7,850 | = | 0.0% |
| Legal reserve | 130 | €7,850 | €7,850 | = | 0.0% |
| Distributable reserves | 133 | €83,223 | €83,223 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€285,641 | -€275,159 | +€10,482 | +3.7% |
| Amounts payable | 17/49 | €348,193 | €347,981 | -€212 | -0.1% |
| Amounts payable after more than one year | 17 | €147,296 | €127,687 | -€19,609 | -13.3% |
| Financial debts | 170/4 | €147,296 | €127,687 | -€19,609 | -13.3% |
| Amounts payable within one year | 42/48 | €200,897 | €220,294 | +€19,397 | +9.7% |
| Current portion of amounts payable after more than one year | 42 | €19,271 | €19,609 | +€338 | +1.8% |
| Trade debts | 44 | €21,905 | €696 | -€21,209 | -96.8% |
| Suppliers | 440/4 | €21,905 | €696 | -€21,209 | -96.8% |
| Other amounts payable | 47/48 | €159,721 | €199,990 | +€40,269 | +25.2% |
| Non-recurring operating income | 76A | - | €2,727 | +€2,727 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,901 | €27,907 | +€5,006 | +21.9% |
| Other operating charges | 640/8 | €3,584 | €3,027 | -€557 | -15.5% |
| Gross operating margin | 9900 | €26,231 | €43,858 | +€17,627 | +67.2% |
| Operating profit (loss) | 9901 | -€254 | €12,924 | +€13,177 | |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €2,763 | €2,442 | -€321 | -11.6% |
| Recurring financial charges | 65 | €2,763 | €2,442 | -€321 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,007 | €10,482 | +€13,489 | |
| Profit (loss) for the period | 9904 | -€3,007 | €10,482 | +€13,489 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,007 | €10,482 | +€13,489 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.