Certi: 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.
Certi
Largest movements
- Tangible fixed assets -€553,189
down €553,189 (-98.3%), from €562,775 to €9,586
of which Land and buildings: -€546,426
- Receivables within one year +€151,628
up €151,628 (+197.9%), from €76,625 to €228,253
of which Trade receivables: +€92,332
- Cash -€42,352
down €42,352 (-99.9%), from €42,400 to €48
mainly Debts after one year (-€529,255) and Receivables within one year (-€151,628)
- Debts after one year -€529,255
down €529,255 (-100.0%), from €529,255 to €0
of which Financial debts: -€279,255
- Tax, wage and social debts +€75,537
up €75,537 (+1013.8%), from €7,451 to €82,988
- Current portion of long-term debt -€28,757
down €28,757 (-100.0%), from €28,757 to €0
- Accrued charges and deferred income +€26,250
new in 2024: €26,250
- Profit (loss) carried forward +€17,125
up €17,125 (+14.1%), from -€121,594 to -€104,469
- Financial charges -€613,425
down €613,425 (-94.4%), from €649,750 to €36,326
of which Non-recurring financial charges: -€610,722
- Gross operating margin -€150,184
down €150,184 (-45.8%), from €327,654 to €177,470
- Taxes +€111,819
new in 2024: €111,819
- Depreciation -€21,549
down €21,549 (-76.1%), from €28,311 to €6,763
- Other operating charges +€5,135
up €5,135 (+136.2%), from €3,770 to €8,905
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.
Cash bridge derived
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 | €681,799 | €237,886 | -€443,913 | -65.1% |
| Fixed assets | 21/28 | €562,775 | €9,586 | -€553,189 | -98.3% |
| Tangible fixed assets | 22/27 | €562,775 | €9,586 | -€553,189 | -98.3% |
| Land and buildings | 22 | €546,426 | €0 | -€546,426 | -100.0% |
| Plant, machinery and equipment | 23 | €2,002 | €1,320 | -€682 | -34.0% |
| Furniture and vehicles | 24 | €14,347 | €8,266 | -€6,081 | -42.4% |
| Current assets | 29/58 | €119,025 | €228,301 | +€109,276 | +91.8% |
| Amounts receivable within one year | 40/41 | €76,625 | €228,253 | +€151,628 | +197.9% |
| Trade receivables | 40 | €6,629 | €98,961 | +€92,332 | +1392.9% |
| Other amounts receivable | 41 | €69,996 | €129,292 | +€59,296 | +84.7% |
| Cash at bank and in hand | 54/58 | €42,400 | €48 | -€42,352 | -99.9% |
| Total equity and liabilities | 10/49 | €681,799 | €237,886 | -€443,913 | -65.1% |
| Equity | 10/15 | €10,406 | €27,531 | +€17,125 | +164.6% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €12,000 | €12,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,000 | €12,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€121,594 | -€104,469 | +€17,125 | +14.1% |
| Amounts payable | 17/49 | €671,393 | €210,355 | -€461,038 | -68.7% |
| Amounts payable after more than one year | 17 | €529,255 | €0 | -€529,255 | -100.0% |
| Financial debts | 170/4 | €279,255 | €0 | -€279,255 | -100.0% |
| Other amounts payable | 178/9 | €250,000 | €0 | -€250,000 | -100.0% |
| Amounts payable within one year | 42/48 | €142,138 | €184,105 | +€41,968 | +29.5% |
| Current portion of amounts payable after more than one year | 42 | €28,757 | €0 | -€28,757 | -100.0% |
| Financial debts | 43 | €2,110 | €7,103 | +€4,992 | +236.6% |
| Credit institutions | 430/8 | €2,110 | €7,103 | +€4,992 | +236.6% |
| Trade debts | 44 | €25,770 | €14,811 | -€10,958 | -42.5% |
| Suppliers | 440/4 | €25,770 | €14,811 | -€10,958 | -42.5% |
| Taxes, remuneration and social security | 45 | €7,451 | €82,988 | +€75,537 | +1013.8% |
| Taxes | 450/3 | €7,451 | €82,988 | +€75,537 | +1013.8% |
| Other amounts payable | 47/48 | €78,050 | €79,204 | +€1,154 | +1.5% |
| Accrued charges and deferred income | 492/3 | - | €26,250 | +€26,250 | |
| Non-recurring operating income | 76A | €273,180 | €153,574 | -€119,607 | -43.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,311 | €6,763 | -€21,549 | -76.1% |
| Other operating charges | 640/8 | €3,770 | €8,905 | +€5,135 | +136.2% |
| Gross operating margin | 9900 | €327,654 | €177,470 | -€150,184 | -45.8% |
| Operating profit (loss) | 9901 | €295,573 | €161,802 | -€133,770 | -45.3% |
| Financial income | 75/76B | €27 | €3,467 | +€3,440 | +12778.5% |
| Recurring financial income | 75 | €27 | €467 | +€440 | +1634.3% |
| Non-recurring financial income | 76B | - | €3,000 | +€3,000 | |
| Financial charges | 65/66B | €649,750 | €36,326 | -€613,425 | -94.4% |
| Recurring financial charges | 65 | €39,028 | €36,326 | -€2,703 | -6.9% |
| Non-recurring financial charges | 66B | €610,722 | €0 | -€610,722 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€354,150 | €128,944 | +€483,094 | |
| Income taxes | 67/77 | - | €111,819 | +€111,819 | |
| Profit (loss) for the period | 9904 | -€354,150 | €17,125 | +€371,275 | |
| Profit (loss) for the period to be appropriated | 9905 | -€354,150 | €17,125 | +€371,275 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.