CERTEX: 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.
CERTEX
Largest movements
- Receivables within one year +€68,367
up €68,367 (+1.9%), from €3.6m to €3.6m
of which Other amounts receivable: +€66,415
- Profit (loss) carried forward +€59,138
up €59,138 (+1.7%), from -€3.4m to -€3.4m
- Gross operating margin +€1,989
up €1,989 (+27.4%), from -€7,269 to -€5,280
- Financial income +€1,296
up €1,296 (+2.0%), from €64,798 to €66,094
- Other operating charges +€160
up €160 (+13.0%), from €1,225 to €1,385
- Financial charges -€119
down €119 (-29.0%), from €410 to €291
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 | €3,561,011 | €3,629,368 | +€68,357 | +1.9% |
| Fixed assets | 21/28 | €1,029 | €1,029 | = | 0.0% |
| Financial fixed assets | 28 | €1,029 | €1,029 | = | 0.0% |
| Current assets | 29/58 | €3,559,983 | €3,628,340 | +€68,357 | +1.9% |
| Amounts receivable within one year | 40/41 | €3,559,971 | €3,628,339 | +€68,367 | +1.9% |
| Trade receivables | 40 | - | €1,952 | +€1,952 | |
| Other amounts receivable | 41 | €3,559,971 | €3,626,386 | +€66,415 | +1.9% |
| Cash at bank and in hand | 54/58 | €11 | €1 | -€10 | -87.9% |
| Total equity and liabilities | 10/49 | €3,561,011 | €3,629,368 | +€68,357 | +1.9% |
| Equity | 10/15 | €3,058,632 | €3,117,770 | +€59,138 | +1.9% |
| Contributions | 10/11 | €2,636,375 | €2,636,375 | = | 0.0% |
| Outside capital | 11 | €2,636,375 | €2,636,375 | = | 0.0% |
| Other | 1109/19 | €2,636,375 | €2,636,375 | = | 0.0% |
| Reserves | 13 | €1,113,859 | €1,113,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,111,999 | €1,111,999 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,426,840 | -€3,367,702 | +€59,138 | +1.7% |
| Investment grants | 15 | €2,735,237 | €2,735,237 | = | 0.0% |
| Amounts payable | 17/49 | €502,379 | €511,599 | +€9,220 | +1.8% |
| Amounts payable within one year | 42/48 | €502,379 | €511,599 | +€9,220 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €233,832 | €229,832 | -€4,000 | -1.7% |
| Trade debts | 44 | €238,179 | €238,757 | +€578 | +0.2% |
| Suppliers | 440/4 | €238,179 | €238,757 | +€578 | +0.2% |
| Other amounts payable | 47/48 | €30,368 | €43,010 | +€12,642 | +41.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Other operating charges | 640/8 | €1,225 | €1,385 | +€160 | +13.0% |
| Gross operating margin | 9900 | -€7,269 | -€5,280 | +€1,989 | +27.4% |
| Operating profit (loss) | 9901 | -€8,494 | -€6,665 | +€1,829 | +21.5% |
| Financial income | 75/76B | €64,798 | €66,094 | +€1,296 | +2.0% |
| Recurring financial income | 75 | €64,798 | €66,094 | +€1,296 | +2.0% |
| Financial charges | 65/66B | €410 | €291 | -€119 | -29.0% |
| Recurring financial charges | 65 | €410 | €291 | -€119 | -29.0% |
| Profit (loss) for the period before taxes | 9903 | €55,894 | €59,138 | +€3,244 | +5.8% |
| Profit (loss) for the period | 9904 | €55,894 | €59,138 | +€3,244 | +5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €55,894 | €59,138 | +€3,244 | +5.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.