CERTIFER BELGORAIL: what changed
What changed
CERTIFER BELGORAIL
NACE 71.209, Other technical testing and analysis
filed annual accounts (NBB)
Net result for the year
€1.9m
2024 · €1.4m+€508,971
Equity
€10.3m
2024 · €8.3m+€1.9m
Cash
€2.0m
2024 · €1.4m+€581,713
Balance sheet total
€14.4m
2024 · €12.6m+€1.8m
Largest movements
Assets
- Receivables within one year +€2.0m
up €2.0m (+38.1%), from €5.3m to €7.4m
of which Trade receivables: +€2.1m
- Stocks and contracts -€976,875
down €976,875 (-76.5%), from €1.3m to €299,654
- Cash +€581,713
up €581,713 (+40.7%), from €1.4m to €2.0m
mainly Net result for the year (+€1.9m) and Stocks and contracts (+€976,875)
- Financial fixed assets +€222,481
up €222,481 (+5.1%), from €4.4m to €4.6m
of which Other financial fixed assets: +€222,481
Equity and liabilities
- Profit (loss) carried forward +€1.9m
up €1.9m (+24.4%), from €7.8m to €9.8m
- Trade debts +€691,441
up €691,441 (+33.8%), from €2.0m to €2.7m
- Debts after one year -€476,128
down €476,128 (-64.3%), from €740,523 to €264,396
- Accrued charges and deferred income -€312,017
down €312,017 (-100%), from €312,017 to €0
Income statement
- Turnover +€3.8m
up €3.8m (+25.5%), from €15.0m to €18.9m
- Services and other goods +€2.0m
up €2.0m (+23.0%), from €8.6m to €10.6m
- Staff costs +€433,525
up €433,525 (+9.9%), from €4.4m to €4.8m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€1.4m
Turnover
+€3.8m
Other operating income
+€2,163
Services and other goods
-€2.0m
Staff costs
-€433,525
Depreciation
-€6,619
Write-downs
+€1,271
Other operating charges
+€1,557
Other operating items
-€938,290
Financial income
+€22,091
Financial charges
-€10,881
Taxes
+€23,988
Result 2025
€1.9m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.3m
Investment
-€268,427
Financing
-€476,128
Cash 2024
€1.4m
From operations (derived)
+€1.3m
Net result for the year
+€1.9m
Depreciation
+€99,217
Stocks and contracts
+€976,875
Receivables within one year
-€2.0m
Trade debts
+€691,441
Tax, wage and social debts
+€58,059
Advances received
-€68,273
Accrued charges and deferred income
-€312,017
Investment (derived)
-€268,427
Investment in fixed assets (net)
-€268,427
Financing
-€476,128
Debts after one year
-€476,128
Cash 2025
€2.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,636,682 | €14,445,453 | +€1.8m | +14.3% |
| Fixed assets | 21/28 | €4,572,517 | €4,741,727 | +€169,210 | +3.7% |
| Tangible fixed assets | 22/27 | €183,554 | €130,283 | -€53,271 | -29.0% |
| Land and buildings | 22 | €126,659 | €60,312 | -€66,347 | -52.4% |
| Furniture and vehicles | 24 | €56,895 | €69,971 | +€13,076 | +23.0% |
| Financial fixed assets | 28 | €4,388,963 | €4,611,444 | +€222,481 | +5.1% |
| Affiliated companies | 280/1 | €3,993,174 | €3,993,174 | = | 0.0% |
| Participating interests | 280 | €3,993,174 | €3,993,174 | = | 0.0% |
| Other financial fixed assets | 284/8 | €395,789 | €618,270 | +€222,481 | +56.2% |
| Amounts receivable and cash guarantees | 285/8 | €395,789 | €618,270 | +€222,481 | +56.2% |
| Current assets | 29/58 | €8,064,165 | €9,703,726 | +€1.6m | +20.3% |
| Amounts receivable after more than one year | 29 | €16,572 | €16,572 | = | 0.0% |
| Other amounts receivable | 291 | €16,572 | €16,572 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,276,529 | €299,654 | -€976,875 | -76.5% |
| Contracts in progress | 37 | €1,276,529 | €299,654 | -€976,875 | -76.5% |
| Amounts receivable within one year | 40/41 | €5,342,181 | €7,376,905 | +€2.0m | +38.1% |
| Trade receivables | 40 | €5,081,808 | €7,226,407 | +€2.1m | +42.2% |
| Other amounts receivable | 41 | €260,373 | €150,497 | -€109,876 | -42.2% |
| Cash at bank and in hand | 54/58 | €1,428,883 | €2,010,595 | +€581,713 | +40.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €12,636,682 | €14,445,453 | +€1.8m | +14.3% |
| Equity | 10/15 | €8,344,834 | €10,260,523 | +€1.9m | +23.0% |
| Contributions | 10/11 | €450,000 | €450,000 | = | 0.0% |
| Capital | 10 | €450,000 | €450,000 | = | 0.0% |
| Issued capital | 100 | €450,000 | €450,000 | = | 0.0% |
| Reserves | 13 | €45,000 | €45,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €45,000 | €45,000 | = | 0.0% |
| Legal reserve | 130 | €45,000 | €45,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,849,834 | €9,765,523 | +€1.9m | +24.4% |
| Amounts payable | 17/49 | €4,291,848 | €4,184,930 | -€106,918 | -2.5% |
| Amounts payable after more than one year | 17 | €740,523 | €264,396 | -€476,128 | -64.3% |
| Financial debts | 170/4 | €740,523 | €264,396 | -€476,128 | -64.3% |
| Other loans | 174 | €740,523 | €264,396 | -€476,128 | -64.3% |
| Amounts payable within one year | 42/48 | €3,239,308 | €3,920,534 | +€681,227 | +21.0% |
| Trade debts | 44 | €2,045,282 | €2,736,723 | +€691,441 | +33.8% |
| Suppliers | 440/4 | €2,045,282 | €2,736,723 | +€691,441 | +33.8% |
| Advances received on contracts in progress | 46 | €346,898 | €278,625 | -€68,273 | -19.7% |
| Taxes, remuneration and social security | 45 | €847,127 | €905,186 | +€58,059 | +6.9% |
| Taxes | 450/3 | €380,573 | €468,921 | +€88,348 | +23.2% |
| Remuneration and social security | 454/9 | €466,555 | €436,266 | -€30,289 | -6.5% |
| Accrued charges and deferred income | 492/3 | €312,017 | €0 | -€312,017 | -100% |
| Operating income | 70/76A | €15,113,038 | €18,009,990 | +€2.9m | +19.2% |
| Turnover | 70 | €15,043,791 | €18,876,870 | +€3.8m | +25.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€34,170 | -€976,875 | -€942,706 | -2,759% |
| Other operating income | 74 | €103,417 | €105,580 | +€2,163 | +2.1% |
| Non-recurring operating income | 76A | €0 | €4,415 | +€4,415 | |
| Operating charges | 60/66A | €13,102,173 | €15,525,352 | +€2.4m | +18.5% |
| Goods for resale, raw materials and consumables | 60 | €0 | - | = | |
| Purchases | 600/8 | €0 | - | = | |
| Services and other goods | 61 | €8,647,563 | €10,633,427 | +€2.0m | +23.0% |
| Remuneration, social security and pensions | 62 | €4,359,083 | €4,792,608 | +€433,525 | +9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,598 | €99,217 | +€6,619 | +7.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,271 | €0 | -€1,271 | -100% |
| Other operating charges | 640/8 | €1,657 | €100 | -€1,557 | -94.0% |
| Operating profit (loss) | 9901 | €2,010,866 | €2,484,639 | +€473,773 | +23.6% |
| Financial income | 75/76B | €9 | €22,101 | +€22,091 | +234,513% |
| Recurring financial income | 75 | €9 | €22,101 | +€22,091 | +234,513% |
| Income from current assets | 751 | €9 | €345 | +€336 | +3,612% |
| Other financial income | 752/9 | €0 | €21,756 | +€21,756 | +16,735,092% |
| Financial charges | 65/66B | €59,609 | €70,490 | +€10,881 | +18.3% |
| Recurring financial charges | 65 | €59,609 | €70,490 | +€10,881 | +18.3% |
| Debt charges | 650 | €6,270 | €8,015 | +€1,745 | +27.8% |
| Other financial charges | 652/9 | €53,339 | €62,475 | +€9,137 | +17.1% |
| Profit (loss) for the period before taxes | 9903 | €1,951,266 | €2,436,249 | +€484,983 | +24.9% |
| Income taxes | 67/77 | €544,549 | €520,560 | -€23,988 | -4.4% |
| Taxes | 670/3 | €544,549 | €520,560 | -€23,988 | -4.4% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €1,406,718 | €1,915,689 | +€508,971 | +36.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,406,718 | €1,915,689 | +€508,971 | +36.2% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.