Certemo Verzekeringen: 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.
Certemo Verzekeringen
Largest movements
- Intangible fixed assets -€209,691
down €209,691 (-13.9%), from €1.5m to €1.3m
- Current investments +€125,000
up €125,000 (+6,250%), from €2,000 to €127,000
- Cash -€105,453
down €105,453 (-78.7%), from €133,967 to €28,513
mainly Debts after one year (-€172,041) and Current investments (-€125,000)
- Tangible fixed assets +€82,129
up €82,129 (+262%), from €31,351 to €113,480
of which Furniture and vehicles: +€55,672
- Debts after one year -€172,041
down €172,041 (-14.0%), from €1.2m to €1.1m
of which Financial debts: -€172,174
- Trade debts +€37,539
up €37,539 (+45.7%), from €82,055 to €119,594
- Staff costs +€30,561
up €30,561 (+5.7%), from €533,618 to €564,180
- Gross operating margin +€24,130
up €24,130 (+2.9%), from €835,415 to €859,546
- Financial income -€22,106
down €22,106 (-91.0%), from €24,292 to €2,187
- Financial charges -€17,310
down €17,310 (-35.8%), from €48,350 to €31,040
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 | €1,773,690 | €1,661,000 | -€112,690 | -6.4% |
| Fixed assets | 21/28 | €1,539,125 | €1,411,563 | -€127,562 | -8.3% |
| Intangible fixed assets | 21 | €1,507,774 | €1,298,083 | -€209,691 | -13.9% |
| Tangible fixed assets | 22/27 | €31,351 | €113,480 | +€82,129 | +262% |
| Land and buildings | 22 | - | €19,808 | +€19,808 | |
| Furniture and vehicles | 24 | €28,927 | €84,599 | +€55,672 | +192% |
| Leasing and similar rights | 25 | - | €7,150 | +€7,150 | |
| Other tangible fixed assets | 26 | €2,424 | €1,924 | -€500 | -20.6% |
| Current assets | 29/58 | €234,566 | €249,437 | +€14,872 | +6.3% |
| Amounts receivable within one year | 40/41 | €96,319 | €89,755 | -€6,564 | -6.8% |
| Trade receivables | 40 | €96,319 | €89,394 | -€6,926 | -7.2% |
| Other amounts receivable | 41 | - | €361 | +€361 | |
| Current investments | 50/53 | €2,000 | €127,000 | +€125,000 | +6,250% |
| Cash at bank and in hand | 54/58 | €133,967 | €28,513 | -€105,453 | -78.7% |
| Deferred charges and accrued income | 490/1 | €2,280 | €4,169 | +€1,889 | +82.9% |
| Total equity and liabilities | 10/49 | €1,773,690 | €1,661,000 | -€112,690 | -6.4% |
| Equity | 10/15 | €226,211 | €242,421 | +€16,210 | +7.2% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €26,211 | €42,421 | +€16,210 | +61.8% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Own shares acquired | 1312 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €24,211 | €40,421 | +€16,210 | +67.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,547,479 | €1,418,579 | -€128,900 | -8.3% |
| Amounts payable after more than one year | 17 | €1,227,721 | €1,055,680 | -€172,041 | -14.0% |
| Financial debts | 170/4 | €1,027,721 | €855,548 | -€172,174 | -16.8% |
| Other amounts payable | 178/9 | €200,000 | €200,132 | +€132 | +0.1% |
| Amounts payable within one year | 42/48 | €319,758 | €352,899 | +€33,141 | +10.4% |
| Current portion of amounts payable after more than one year | 42 | €169,744 | €172,174 | +€2,430 | +1.4% |
| Trade debts | 44 | €82,055 | €119,594 | +€37,539 | +45.7% |
| Suppliers | 440/4 | €82,055 | €119,594 | +€37,539 | +45.7% |
| Taxes, remuneration and social security | 45 | €67,959 | €59,131 | -€8,828 | -13.0% |
| Taxes | 450/3 | €17,915 | €743 | -€17,171 | -95.9% |
| Remuneration and social security | 454/9 | €50,044 | €58,388 | +€8,344 | +16.7% |
| Other amounts payable | 47/48 | - | €2,000 | +€2,000 | |
| Accrued charges and deferred income | 492/3 | - | €10,000 | +€10,000 | |
| Non-recurring operating income | 76A | - | €29 | +€29 | |
| Remuneration, social security and pensions | 62 | €533,618 | €564,180 | +€30,561 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €220,057 | €222,216 | +€2,158 | +1.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €963 | +€963 | |
| Other operating charges | 640/8 | €8,570 | €10,371 | +€1,801 | +21.0% |
| Gross operating margin | 9900 | €835,415 | €859,546 | +€24,130 | +2.9% |
| Operating profit (loss) | 9901 | €73,169 | €61,817 | -€11,353 | -15.5% |
| Financial income | 75/76B | €24,292 | €2,187 | -€22,106 | -91.0% |
| Recurring financial income | 75 | €24,292 | €2,187 | -€22,106 | -91.0% |
| Financial charges | 65/66B | €48,350 | €31,040 | -€17,310 | -35.8% |
| Recurring financial charges | 65 | €48,350 | €31,040 | -€17,310 | -35.8% |
| Profit (loss) for the period before taxes | 9903 | €49,112 | €32,963 | -€16,149 | -32.9% |
| Income taxes | 67/77 | €19,227 | €16,753 | -€2,473 | -12.9% |
| Profit (loss) for the period | 9904 | €29,885 | €16,210 | -€13,675 | -45.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,885 | €16,210 | -€13,675 | -45.8% |
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 17 October 2026 via checked.be.