Certi & Construct: 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 & Construct
Largest movements
- Receivables within one year -€192,696
down €192,696 (-92.3%), from €208,704 to €16,008
of which Trade receivables: -€190,869
- Cash +€24,243
up €24,243 (+138%), from €17,616 to €41,859
- Trade debts -€182,880
down €182,880 (-70.3%), from €260,294 to €77,414
- Profit (loss) carried forward +€17,421
up €17,421 (+27.4%), from -€63,635 to -€46,214
- Other debts -€5,049
down €5,049 (-39.5%), from €12,797 to €7,748
- Gross operating margin +€32,303
up €32,303, from -€26,128 to €6,175
- Other operating charges +€3,017
up €3,017 (+1,057%), from €285 to €3,302
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €228,055 | €58,196 | -€169,859 | -74.5% |
| Fixed assets | 21/28 | €1,736 | €329 | -€1,407 | -81.0% |
| Tangible fixed assets | 22/27 | €1,407 | - | -€1,407 | |
| Furniture and vehicles | 24 | €1,407 | - | -€1,407 | |
| Financial fixed assets | 28 | €329 | €329 | -€0 | 0.0% |
| Current assets | 29/58 | €226,320 | €57,867 | -€168,453 | -74.4% |
| Amounts receivable within one year | 40/41 | €208,704 | €16,008 | -€192,696 | -92.3% |
| Trade receivables | 40 | €205,555 | €14,686 | -€190,869 | -92.9% |
| Other amounts receivable | 41 | €3,148 | €1,322 | -€1,826 | -58.0% |
| Cash at bank and in hand | 54/58 | €17,616 | €41,859 | +€24,243 | +138% |
| Total equity and liabilities | 10/49 | €228,055 | €58,196 | -€169,859 | -74.5% |
| Equity | 10/15 | -€45,035 | -€27,614 | +€17,421 | +38.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,635 | -€46,214 | +€17,421 | +27.4% |
| Amounts payable | 17/49 | €273,091 | €85,810 | -€187,281 | -68.6% |
| Amounts payable within one year | 42/48 | €273,091 | €85,810 | -€187,281 | -68.6% |
| Trade debts | 44 | €260,294 | €77,414 | -€182,880 | -70.3% |
| Suppliers | 440/4 | €260,294 | €77,414 | -€182,880 | -70.3% |
| Taxes, remuneration and social security | 45 | - | €648 | +€648 | |
| Taxes | 450/3 | - | €648 | +€648 | |
| Other amounts payable | 47/48 | €12,797 | €7,748 | -€5,049 | -39.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €833 | €573 | -€260 | -31.2% |
| Other operating charges | 640/8 | €285 | €3,302 | +€3,017 | +1,057% |
| Gross operating margin | 9900 | -€26,128 | €6,175 | +€32,303 | |
| Operating profit (loss) | 9901 | -€27,247 | €2,300 | +€29,547 | |
| Financial charges | 65/66B | €289 | €340 | +€51 | +17.7% |
| Recurring financial charges | 65 | €289 | €340 | +€51 | +17.7% |
| Profit (loss) for the period before taxes | 9903 | -€27,535 | €1,960 | +€29,495 | |
| Income taxes | 67/77 | - | €235 | +€235 | |
| Profit (loss) for the period | 9904 | -€27,535 | €1,725 | +€29,260 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,535 | €1,725 | +€29,260 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.