CERTEAS: 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.
CERTEAS
Largest movements
- Receivables within one year -€28,401
down €28,401 (-42.9%), from €66,240 to €37,839
of which Other amounts receivable: -€26,620
- Tangible fixed assets -€7,210
down €7,210 (-46.3%), from €15,577 to €8,367
of which Furniture and vehicles: -€5,858
- Cash -€6,421
down €6,421 (-3.2%), from €200,031 to €193,610
mainly Tax, wage and social debts (-€120,811) and Current portion of long-term debt (-€2,142)
- Tax, wage and social debts -€120,811
down €120,811 (-76.1%), from €158,800 to €37,989
of which Remuneration and social security: -€109,264
- Other debts +€70,458
up €70,458 (+98.7%), from €71,369 to €141,827
- Trade debts +€11,043
up €11,043 (+44.1%), from €25,018 to €36,061
- Gross operating margin +€72,523
up €72,523 (+94.0%), from €77,140 to €149,663
- Staff costs +€57,646
up €57,646 (+69.7%), from €82,696 to €140,341
- Depreciation -€10,113
down €10,113 (-72.0%), from €14,051 to €3,938
- Taxes -€2,433
down €2,433 (-77.6%), from €3,136 to €703
- Other operating charges +€2,389
up €2,389 (+144%), from €1,661 to €4,050
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.
Derived cash bridge
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 | €288,162 | €243,816 | -€44,346 | -15.4% |
| Fixed assets | 21/28 | €15,577 | €8,367 | -€7,210 | -46.3% |
| Tangible fixed assets | 22/27 | €15,577 | €8,367 | -€7,210 | -46.3% |
| Plant, machinery and equipment | 23 | €345 | €268 | -€77 | -22.3% |
| Furniture and vehicles | 24 | €10,457 | €4,600 | -€5,858 | -56.0% |
| Other tangible fixed assets | 26 | €4,775 | €3,500 | -€1,275 | -26.7% |
| Current assets | 29/58 | €272,585 | €235,449 | -€37,136 | -13.6% |
| Amounts receivable within one year | 40/41 | €66,240 | €37,839 | -€28,401 | -42.9% |
| Trade receivables | 40 | €37,413 | €35,631 | -€1,782 | -4.8% |
| Other amounts receivable | 41 | €28,827 | €2,208 | -€26,620 | -92.3% |
| Cash at bank and in hand | 54/58 | €200,031 | €193,610 | -€6,421 | -3.2% |
| Deferred charges and accrued income | 490/1 | €6,313 | €4,000 | -€2,313 | -36.6% |
| Total equity and liabilities | 10/49 | €288,162 | €243,816 | -€44,346 | -15.4% |
| Equity | 10/15 | €25,982 | €25,031 | -€951 | -3.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €22,816 | €22,816 | = | 0.0% |
| Non-distributable reserves | 130/1 | €962 | €962 | = | 0.0% |
| Reserves not available under the articles | 1311 | €962 | €962 | = | 0.0% |
| Distributable reserves | 133 | €21,854 | €21,854 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,234 | -€10,185 | -€951 | -10.3% |
| Amounts payable | 17/49 | €262,180 | €218,785 | -€43,394 | -16.6% |
| Amounts payable within one year | 42/48 | €262,180 | €218,785 | -€43,394 | -16.6% |
| Current portion of amounts payable after more than one year | 42 | €5,051 | €2,909 | -€2,142 | -42.4% |
| Trade debts | 44 | €25,018 | €36,061 | +€11,043 | +44.1% |
| Suppliers | 440/4 | €25,018 | €36,061 | +€11,043 | +44.1% |
| Advances received on contracts in progress | 46 | €1,943 | - | -€1,943 | |
| Taxes, remuneration and social security | 45 | €158,800 | €37,989 | -€120,811 | -76.1% |
| Taxes | 450/3 | €28,961 | €17,414 | -€11,546 | -39.9% |
| Remuneration and social security | 454/9 | €129,839 | €20,574 | -€109,264 | -84.2% |
| Other amounts payable | 47/48 | €71,369 | €141,827 | +€70,458 | +98.7% |
| Non-recurring operating income | 76A | - | €4,332 | +€4,332 | |
| Remuneration, social security and pensions | 62 | €82,696 | €140,341 | +€57,646 | +69.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,051 | €3,938 | -€10,113 | -72.0% |
| Other operating charges | 640/8 | €1,661 | €4,050 | +€2,389 | +144% |
| Non-recurring operating charges | 66A | - | €1,012 | +€1,012 | |
| Gross operating margin | 9900 | €77,140 | €149,663 | +€72,523 | +94.0% |
| Operating profit (loss) | 9901 | -€21,267 | €322 | +€21,589 | |
| Financial income | 75/76B | €27 | €5 | -€22 | -83.1% |
| Recurring financial income | 75 | €27 | €5 | -€22 | -83.1% |
| Financial charges | 65/66B | €563 | €575 | +€12 | +2.2% |
| Recurring financial charges | 65 | €563 | €575 | +€12 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | -€21,803 | -€248 | +€21,555 | +98.9% |
| Income taxes | 67/77 | €3,136 | €703 | -€2,433 | -77.6% |
| Profit (loss) for the period | 9904 | -€24,939 | -€951 | +€23,988 | +96.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,939 | -€951 | +€23,988 | +96.2% |
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 21 October 2026 via checked.be.