Certifico: 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.
Certifico
Largest movements
- Current investments +€125,237
new in 2025: €125,237
- Cash -€21,585
down €21,585 (-53.5%), from €40,357 to €18,772
mainly Current investments (-€125,237) and Debts after one year (-€7,640)
- Deferred charges and accrued income -€4,129
down €4,129 (-90.0%), from €4,588 to €458
- Tangible fixed assets -€1,953
down €1,953 (-100.0%), from €1,953 to €0
- Reserves +€81,260
up €81,260 (+207.3%), from €39,197 to €120,457
- Tax, wage and social debts +€14,461
up €14,461 (+126.7%), from €11,418 to €25,878
- Trade debts +€9,801
up €9,801 (+201.9%), from €4,855 to €14,655
- Debts after one year -€7,640
down €7,640 (-100.0%), from €7,640 to €0
- Gross operating margin +€57,514
up €57,514 (+112.7%), from €51,034 to €108,548
- Taxes +€11,597
up €11,597 (+113.6%), from €10,205 to €21,802
- Other operating charges +€3,185
up €3,185 (+382.9%), from €832 to €4,017
- Depreciation +€1,143
up €1,143 (+141.1%), from €810 to €1,953
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.
Cash bridge derived
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 | €63,209 | €161,090 | +€97,881 | +154.9% |
| Fixed assets | 21/28 | €1,953 | €0 | -€1,953 | -100.0% |
| Tangible fixed assets | 22/27 | €1,953 | €0 | -€1,953 | -100.0% |
| Furniture and vehicles | 24 | €1,953 | €0 | -€1,953 | -100.0% |
| Current assets | 29/58 | €61,256 | €161,090 | +€99,834 | +163.0% |
| Amounts receivable within one year | 40/41 | €16,312 | €16,622 | +€311 | +1.9% |
| Trade receivables | 40 | €16,032 | €14,542 | -€1,490 | -9.3% |
| Other amounts receivable | 41 | €280 | €2,081 | +€1,801 | +643.3% |
| Current investments | 50/53 | - | €125,237 | +€125,237 | |
| Cash at bank and in hand | 54/58 | €40,357 | €18,772 | -€21,585 | -53.5% |
| Deferred charges and accrued income | 490/1 | €4,588 | €458 | -€4,129 | -90.0% |
| Total equity and liabilities | 10/49 | €63,209 | €161,090 | +€97,881 | +154.9% |
| Equity | 10/15 | €39,297 | €120,557 | +€81,260 | +206.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €39,197 | €120,457 | +€81,260 | +207.3% |
| Distributable reserves | 133 | €39,197 | €120,457 | +€81,260 | +207.3% |
| Amounts payable | 17/49 | €23,912 | €40,533 | +€16,621 | +69.5% |
| Amounts payable after more than one year | 17 | €7,640 | €0 | -€7,640 | -100.0% |
| Other amounts payable | 178/9 | €7,640 | €0 | -€7,640 | -100.0% |
| Amounts payable within one year | 42/48 | €16,272 | €40,533 | +€24,261 | +149.1% |
| Trade debts | 44 | €4,855 | €14,655 | +€9,801 | +201.9% |
| Suppliers | 440/4 | €4,855 | €14,655 | +€9,801 | +201.9% |
| Taxes, remuneration and social security | 45 | €11,418 | €25,878 | +€14,461 | +126.7% |
| Taxes | 450/3 | €11,418 | €25,878 | +€14,461 | +126.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €810 | €1,953 | +€1,143 | +141.1% |
| Other operating charges | 640/8 | €832 | €4,017 | +€3,185 | +382.9% |
| Gross operating margin | 9900 | €51,034 | €108,548 | +€57,514 | +112.7% |
| Operating profit (loss) | 9901 | €49,392 | €102,578 | +€53,186 | +107.7% |
| Financial income | 75/76B | €20 | €501 | +€481 | +2349.8% |
| Recurring financial income | 75 | €20 | €501 | +€481 | +2349.8% |
| Financial charges | 65/66B | €10 | €17 | +€7 | +67.2% |
| Recurring financial charges | 65 | €10 | €17 | +€7 | +67.2% |
| Profit (loss) for the period before taxes | 9903 | €49,402 | €103,062 | +€53,660 | +108.6% |
| Income taxes | 67/77 | €10,205 | €21,802 | +€11,597 | +113.6% |
| Profit (loss) for the period | 9904 | €39,197 | €81,260 | +€42,062 | +107.3% |
| Profit (loss) for the period to be appropriated | 9905 | €39,197 | €81,260 | +€42,062 | +107.3% |
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 11 October 2026 via checked.be.