CERTASS: 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.
CERTASS
Largest movements
- Cash -€32,614
down €32,614 (-19.9%), from €163,846 to €131,231
mainly Contributions, distributions and other (-€240,000) and Other debts (-€80,000)
- Receivables within one year +€23,655
up €23,655 (+21.7%), from €108,908 to €132,563
of which Other amounts receivable: +€16,686
- Tangible fixed assets +€7,705
up €7,705 (+212.9%), from €3,619 to €11,324
- Other debts -€80,000
down €80,000 (-25.0%), from €320,000 to €240,000
- Reserves +€61,359
up €61,359 (+172.6%), from €35,546 to €96,906
- Tax, wage and social debts +€20,101
up €20,101 (+47.7%), from €42,161 to €62,262
of which Taxes: +€18,526
- Gross operating margin -€32,248
down €32,248 (-5.1%), from €636,860 to €604,612
- Staff costs -€21,794
down €21,794 (-9.9%), from €219,987 to €198,192
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.
Cash bridge derived
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 | €429,766 | €429,612 | -€154 | 0.0% |
| Fixed assets | 21/28 | €3,619 | €11,324 | +€7,705 | +212.9% |
| Tangible fixed assets | 22/27 | €3,619 | €11,324 | +€7,705 | +212.9% |
| Furniture and vehicles | 24 | €3,619 | €11,324 | +€7,705 | +212.9% |
| Current assets | 29/58 | €426,147 | €418,288 | -€7,859 | -1.8% |
| Amounts receivable within one year | 40/41 | €108,908 | €132,563 | +€23,655 | +21.7% |
| Trade receivables | 40 | €0 | €6,970 | +€6,970 | |
| Other amounts receivable | 41 | €108,908 | €125,594 | +€16,686 | +15.3% |
| Current investments | 50/53 | €150,000 | €150,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €163,846 | €131,231 | -€32,614 | -19.9% |
| Deferred charges and accrued income | 490/1 | €3,394 | €4,494 | +€1,100 | +32.4% |
| Total equity and liabilities | 10/49 | €429,766 | €429,612 | -€154 | 0.0% |
| Equity | 10/15 | €60,734 | €122,093 | +€61,359 | +101.0% |
| Contributions | 10/11 | €25,187 | €25,187 | = | 0.0% |
| Reserves | 13 | €35,546 | €96,906 | +€61,359 | +172.6% |
| Distributable reserves | 133 | €35,546 | €96,906 | +€61,359 | +172.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €369,033 | €307,519 | -€61,514 | -16.7% |
| Amounts payable within one year | 42/48 | €369,033 | €307,081 | -€61,952 | -16.8% |
| Financial debts | 43 | - | €900 | +€900 | |
| Credit institutions | 430/8 | - | €900 | +€900 | |
| Trade debts | 44 | €6,329 | €3,919 | -€2,410 | -38.1% |
| Suppliers | 440/4 | €6,329 | €3,919 | -€2,410 | -38.1% |
| Advances received on contracts in progress | 46 | €542 | €0 | -€542 | -100.0% |
| Taxes, remuneration and social security | 45 | €42,161 | €62,262 | +€20,101 | +47.7% |
| Taxes | 450/3 | €17,829 | €36,355 | +€18,526 | +103.9% |
| Remuneration and social security | 454/9 | €24,332 | €25,907 | +€1,575 | +6.5% |
| Other amounts payable | 47/48 | €320,000 | €240,000 | -€80,000 | -25.0% |
| Accrued charges and deferred income | 492/3 | - | €438 | +€438 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €219,987 | €198,192 | -€21,794 | -9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,064 | €2,559 | -€505 | -16.5% |
| Other operating charges | 640/8 | €1,184 | €1,202 | +€18 | +1.5% |
| Gross operating margin | 9900 | €636,860 | €604,612 | -€32,248 | -5.1% |
| Operating profit (loss) | 9901 | €412,625 | €402,658 | -€9,967 | -2.4% |
| Financial income | 75/76B | €2,504 | €2,912 | +€408 | +16.3% |
| Recurring financial income | 75 | €2,504 | €2,912 | +€408 | +16.3% |
| Financial charges | 65/66B | €556 | €848 | +€293 | +52.7% |
| Recurring financial charges | 65 | €556 | €848 | +€293 | +52.7% |
| Profit (loss) for the period before taxes | 9903 | €414,574 | €404,722 | -€9,852 | -2.4% |
| Income taxes | 67/77 | €103,528 | €103,363 | -€165 | -0.2% |
| Profit (loss) for the period | 9904 | €311,046 | €301,359 | -€9,687 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €311,046 | €301,359 | -€9,687 | -3.1% |
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 12 October 2026 via checked.be.