CERTESA: 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.
CERTESA
Largest movements
- Receivables within one year +€41,037
up €41,037 (+168%), from €24,495 to €65,532
of which Other amounts receivable: +€38,462
- Tangible fixed assets +€11,876
up €11,876 (+4,442%), from €267 to €12,144
of which Furniture and vehicles: +€6,076
- Cash +€3,528
up €3,528 (+28,221%), from €13 to €3,540
mainly Net result for the year (+€26,975) and Other debts (+€26,091)
- Deferred charges and accrued income +€1,462
up €1,462 (+67.2%), from €2,175 to €3,637
- Other debts +€26,091
up €26,091 (+132%), from €19,768 to €45,859
- Profit (loss) carried forward +€21,975
up €21,975 (+43.3%), from -€50,719 to -€28,744
- Tax, wage and social debts +€9,897
up €9,897 (+289%), from €3,419 to €13,315
- Gross operating margin +€26,785
up €26,785 (+282%), from €9,498 to €36,282
- Taxes +€7,458
up €7,458 (+4,882%), from €153 to €7,611
- Depreciation +€1,575
up €1,575 (+763%), from €206 to €1,782
- Financial income +€1,462
up €1,462 (+275,815%), from €1 to €1,462
- Other operating charges +€387
up €387 (+48.3%), from €801 to €1,188
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 | €61,950 | €119,853 | +€57,903 | +93.5% |
| Fixed assets | 21/28 | €267 | €12,144 | +€11,876 | +4,442% |
| Tangible fixed assets | 22/27 | €267 | €12,144 | +€11,876 | +4,442% |
| Plant, machinery and equipment | 23 | - | €3,316 | +€3,316 | |
| Furniture and vehicles | 24 | €267 | €6,344 | +€6,076 | +2,272% |
| Other tangible fixed assets | 26 | - | €2,485 | +€2,485 | |
| Current assets | 29/58 | €61,683 | €107,709 | +€46,027 | +74.6% |
| Amounts receivable after more than one year | 29 | €35,000 | €35,000 | = | 0.0% |
| Other amounts receivable | 291 | €35,000 | €35,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €24,495 | €65,532 | +€41,037 | +168% |
| Trade receivables | 40 | €20,090 | €22,665 | +€2,575 | +12.8% |
| Other amounts receivable | 41 | €4,405 | €42,866 | +€38,462 | +873% |
| Cash at bank and in hand | 54/58 | €13 | €3,540 | +€3,528 | +28,221% |
| Deferred charges and accrued income | 490/1 | €2,175 | €3,637 | +€1,462 | +67.2% |
| Total equity and liabilities | 10/49 | €61,950 | €119,853 | +€57,903 | +93.5% |
| Equity | 10/15 | -€19,910 | €2,066 | +€21,975 | |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €810 | €810 | = | 0.0% |
| Non-distributable reserves | 130/1 | €810 | €810 | = | 0.0% |
| Reserves not available under the articles | 1311 | €810 | €810 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,719 | -€28,744 | +€21,975 | +43.3% |
| Amounts payable | 17/49 | €81,860 | €117,787 | +€35,928 | +43.9% |
| Amounts payable within one year | 42/48 | €45,961 | €81,889 | +€35,928 | +78.2% |
| Financial debts | 43 | €13,085 | €12,000 | -€1,085 | -8.3% |
| Other loans | 439 | €13,085 | €12,000 | -€1,085 | -8.3% |
| Trade debts | 44 | €9,689 | €10,715 | +€1,025 | +10.6% |
| Suppliers | 440/4 | €9,689 | €10,715 | +€1,025 | +10.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €3,419 | €13,315 | +€9,897 | +289% |
| Taxes | 450/3 | €3,419 | €13,315 | +€9,897 | +289% |
| Other amounts payable | 47/48 | €19,768 | €45,859 | +€26,091 | +132% |
| Accrued charges and deferred income | 492/3 | €35,898 | €35,898 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €224 | €0 | -€224 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €206 | €1,782 | +€1,575 | +763% |
| Other operating charges | 640/8 | €801 | €1,188 | +€387 | +48.3% |
| Gross operating margin | 9900 | €9,498 | €36,282 | +€26,785 | +282% |
| Operating profit (loss) | 9901 | €8,266 | €33,313 | +€25,047 | +303% |
| Financial income | 75/76B | €1 | €1,462 | +€1,462 | +275,815% |
| Recurring financial income | 75 | €1 | €1,462 | +€1,462 | +275,815% |
| Financial charges | 65/66B | €242 | €189 | -€52 | -21.6% |
| Recurring financial charges | 65 | €242 | €189 | -€52 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | €8,025 | €34,586 | +€26,561 | +331% |
| Income taxes | 67/77 | €153 | €7,611 | +€7,458 | +4,882% |
| Profit (loss) for the period | 9904 | €7,872 | €26,975 | +€19,103 | +243% |
| Profit (loss) for the period to be appropriated | 9905 | €7,872 | €26,975 | +€19,103 | +243% |
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 29 October 2026 via checked.be.