Certi-Check: 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.
Certi-Check
Largest movements
- Cash +€95,275
up €95,275 (+133%), from €71,551 to €166,827
mainly Net result for the year (+€103,651) and Tax, wage and social debts (+€51,394)
- Receivables within one year -€13,605
down €13,605 (-8.4%), from €161,058 to €147,452
of which Other amounts receivable: -€15,595
- Reserves +€75,079
up €75,079 (+83.1%), from €90,373 to €165,452
- Other debts -€60,000
no longer reported in 2025 (was €60,000)
- Tax, wage and social debts +€51,394
up €51,394 (+251%), from €20,493 to €71,887
of which Taxes: +€34,952
- Trade debts +€9,889
up €9,889 (+17.2%), from €57,428 to €67,317
- Accrued charges and deferred income +€7,470
up €7,470 (+305%), from €2,453 to €9,923
- Gross operating margin +€92,654
up €92,654 (+57.3%), from €161,649 to €254,303
- Staff costs +€71,383
up €71,383 (+257%), from €27,779 to €99,161
- Taxes +€18,008
up €18,008 (+88.4%), from €20,366 to €38,374
- Financial charges +€3,968
up €3,968 (+325%), from €1,222 to €5,190
- Other operating charges +€3,439
up €3,439 (+128%), from €2,684 to €6,124
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 | €245,746 | €329,578 | +€83,832 | +34.1% |
| Fixed assets | 21/28 | €9,695 | €11,695 | +€1,999 | +20.6% |
| Tangible fixed assets | 22/27 | €8,195 | €10,195 | +€1,999 | +24.4% |
| Plant, machinery and equipment | 23 | €3,813 | €4,743 | +€930 | +24.4% |
| Furniture and vehicles | 24 | €4,382 | €5,452 | +€1,069 | +24.4% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €236,051 | €317,884 | +€81,833 | +34.7% |
| Amounts receivable within one year | 40/41 | €161,058 | €147,452 | -€13,605 | -8.4% |
| Trade receivables | 40 | €136,195 | €138,185 | +€1,990 | +1.5% |
| Other amounts receivable | 41 | €24,862 | €9,267 | -€15,595 | -62.7% |
| Cash at bank and in hand | 54/58 | €71,551 | €166,827 | +€95,275 | +133% |
| Deferred charges and accrued income | 490/1 | €3,442 | €3,605 | +€163 | +4.7% |
| Total equity and liabilities | 10/49 | €245,746 | €329,578 | +€83,832 | +34.1% |
| Equity | 10/15 | €105,373 | €180,452 | +€75,079 | +71.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Contributions outside capital | 11 | €15,000 | €15,000 | = | 0.0% |
| Other | 1109/19 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €90,373 | €165,452 | +€75,079 | +83.1% |
| Distributable reserves | 133 | €90,373 | €165,452 | +€75,079 | +83.1% |
| Amounts payable | 17/49 | €140,373 | €149,126 | +€8,753 | +6.2% |
| Amounts payable within one year | 42/48 | €137,920 | €139,204 | +€1,283 | +0.9% |
| Trade debts | 44 | €57,428 | €67,317 | +€9,889 | +17.2% |
| Suppliers | 440/4 | €57,428 | €67,317 | +€9,889 | +17.2% |
| Taxes, remuneration and social security | 45 | €20,493 | €71,887 | +€51,394 | +251% |
| Taxes | 450/3 | €15,630 | €50,582 | +€34,952 | +224% |
| Remuneration and social security | 454/9 | €4,863 | €21,305 | +€16,442 | +338% |
| Other amounts payable | 47/48 | €60,000 | - | -€60,000 | |
| Accrued charges and deferred income | 492/3 | €2,453 | €9,923 | +€7,470 | +305% |
| Remuneration, social security and pensions | 62 | €27,779 | €99,161 | +€71,383 | +257% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,964 | €2,740 | +€776 | +39.5% |
| Other operating charges | 640/8 | €2,684 | €6,124 | +€3,439 | +128% |
| Gross operating margin | 9900 | €161,649 | €254,303 | +€92,654 | +57.3% |
| Operating profit (loss) | 9901 | €129,223 | €146,278 | +€17,055 | +13.2% |
| Financial income | 75/76B | €2,693 | €936 | -€1,757 | -65.2% |
| Recurring financial income | 75 | €2,693 | €936 | -€1,757 | -65.2% |
| Financial charges | 65/66B | €1,222 | €5,190 | +€3,968 | +325% |
| Recurring financial charges | 65 | €1,222 | €5,190 | +€3,968 | +325% |
| Profit (loss) for the period before taxes | 9903 | €130,694 | €142,025 | +€11,331 | +8.7% |
| Income taxes | 67/77 | €20,366 | €38,374 | +€18,008 | +88.4% |
| Profit (loss) for the period | 9904 | €110,328 | €103,651 | -€6,678 | -6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €110,328 | €103,651 | -€6,678 | -6.1% |
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 15 October 2026 via checked.be.