CERTI-LABEL: 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-LABEL
Largest movements
- Tangible fixed assets -€11,649
down €11,649 (-33.4%), from €34,863 to €23,214
of which Furniture and vehicles: -€10,478
- Cash +€4,466
up €4,466 (+20.1%), from €22,194 to €26,660
mainly Depreciation (+€11,649) and Receivables within one year (+€1,394)
- Receivables within one year -€1,394
down €1,394 (-17.2%), from €8,124 to €6,730
of which Other amounts receivable: -€3,987
- Profit (loss) carried forward -€6,695
down €6,695 (-74.8%), from -€8,950 to -€15,645
- Tax, wage and social debts -€1,972
down €1,972 (-80.4%), from €2,454 to €482
- Other debts +€938
up €938 (+7.0%), from €13,437 to €14,375
- Trade debts -€743
down €743 (-25.9%), from €2,865 to €2,122
- Gross operating margin +€2,492
up €2,492 (+61.7%), from €4,039 to €6,531
- Other operating charges +€444
up €444 (+66.7%), from €665 to €1,109
- Depreciation +€124
up €124 (+1.1%), from €11,526 to €11,649
- Staff costs -€74
no longer reported in 2025 (was €74)
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 | €66,604 | €58,133 | -€8,471 | -12.7% |
| Fixed assets | 21/28 | €34,863 | €23,214 | -€11,649 | -33.4% |
| Tangible fixed assets | 22/27 | €34,863 | €23,214 | -€11,649 | -33.4% |
| Land and buildings | 22 | €1,512 | €1,348 | -€164 | -10.8% |
| Plant, machinery and equipment | 23 | €2,832 | €1,824 | -€1,008 | -35.6% |
| Furniture and vehicles | 24 | €30,520 | €20,042 | -€10,478 | -34.3% |
| Current assets | 29/58 | €31,741 | €34,919 | +€3,178 | +10.0% |
| Amounts receivable within one year | 40/41 | €8,124 | €6,730 | -€1,394 | -17.2% |
| Trade receivables | 40 | €2,993 | €5,586 | +€2,593 | +86.6% |
| Other amounts receivable | 41 | €5,131 | €1,144 | -€3,987 | -77.7% |
| Cash at bank and in hand | 54/58 | €22,194 | €26,660 | +€4,466 | +20.1% |
| Deferred charges and accrued income | 490/1 | €1,423 | €1,529 | +€106 | +7.4% |
| Total equity and liabilities | 10/49 | €66,604 | €58,133 | -€8,471 | -12.7% |
| Equity | 10/15 | €47,848 | €41,153 | -€6,695 | -14.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €51,798 | €51,798 | = | 0.0% |
| Distributable reserves | 133 | €51,798 | €51,798 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,950 | -€15,645 | -€6,695 | -74.8% |
| Amounts payable | 17/49 | €18,756 | €16,980 | -€1,777 | -9.5% |
| Amounts payable within one year | 42/48 | €18,756 | €16,980 | -€1,777 | -9.5% |
| Trade debts | 44 | €2,865 | €2,122 | -€743 | -25.9% |
| Suppliers | 440/4 | €2,865 | €2,122 | -€743 | -25.9% |
| Taxes, remuneration and social security | 45 | €2,454 | €482 | -€1,972 | -80.4% |
| Taxes | 450/3 | €2,454 | €482 | -€1,972 | -80.4% |
| Other amounts payable | 47/48 | €13,437 | €14,375 | +€938 | +7.0% |
| Remuneration, social security and pensions | 62 | €74 | - | -€74 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,526 | €11,649 | +€124 | +1.1% |
| Other operating charges | 640/8 | €665 | €1,109 | +€444 | +66.7% |
| Non-recurring operating charges | 66A | €248 | - | -€248 | |
| Gross operating margin | 9900 | €4,039 | €6,531 | +€2,492 | +61.7% |
| Operating profit (loss) | 9901 | -€8,474 | -€6,227 | +€2,247 | +26.5% |
| Financial charges | 65/66B | €140 | €140 | +€0 | +0.2% |
| Recurring financial charges | 65 | €140 | €140 | +€0 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | -€8,615 | -€6,367 | +€2,247 | +26.1% |
| Income taxes | 67/77 | €336 | €327 | -€9 | -2.7% |
| Profit (loss) for the period | 9904 | -€8,950 | -€6,695 | +€2,256 | +25.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,950 | -€6,695 | +€2,256 | +25.2% |
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 17 October 2026 via checked.be.