CERTIFISC: 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.
CERTIFISC
Largest movements
- Deferred charges and accrued income +€81,160
up €81,160 (+207.0%), from €39,204 to €120,365
- Cash +€52,797
up €52,797 (+115.3%), from €45,805 to €98,602
mainly Depreciation (+€252,013) and Trade debts (+€64,563)
- Receivables within one year -€45,595
down €45,595 (-9.6%), from €473,987 to €428,391
of which Trade receivables: -€37,722
- Tangible fixed assets -€27,977
down €27,977 (-2.1%), from €1.3m to €1.3m
of which Other tangible fixed assets: -€73,065
- Financial fixed assets +€25,000
up €25,000 (+24.9%), from €100,250 to €125,250
- Debts after one year -€71,434
down €71,434 (-19.6%), from €365,384 to €293,950
of which Financial debts: -€41,434
- Trade debts +€64,563
up €64,563 (+5.2%), from €1.2m to €1.3m
- Tax, wage and social debts +€54,875
up €54,875 (+41.8%), from €131,192 to €186,067
of which Taxes: +€33,549
- Reserves +€26,739
up €26,739 (+16.5%), from €161,604 to €188,343
of which Distributable reserves: +€26,739
- Gross operating margin -€101,132
down €101,132 (-9.5%), from €1.1m to €966,382
- Staff costs +€55,035
up €55,035 (+9.4%), from €583,106 to €638,141
- Other operating charges -€49,279
down €49,279 (-78.2%), from €63,023 to €13,744
- Write-downs +€48,774
up €48,774, from -€48,774 to €0
- Depreciation -€44,706
down €44,706 (-15.1%), from €296,720 to €252,013
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,209,956 | €2,293,850 | +€83,894 | +3.8% |
| Fixed assets | 21/28 | €1,480,961 | €1,476,492 | -€4,469 | -0.3% |
| Intangible fixed assets | 21 | €56,590 | €55,098 | -€1,492 | -2.6% |
| Tangible fixed assets | 22/27 | €1,324,121 | €1,296,143 | -€27,977 | -2.1% |
| Plant, machinery and equipment | 23 | €10,792 | €7,103 | -€3,689 | -34.2% |
| Furniture and vehicles | 24 | €222,095 | €270,873 | +€48,777 | +22.0% |
| Other tangible fixed assets | 26 | €1,091,233 | €1,018,168 | -€73,065 | -6.7% |
| Financial fixed assets | 28 | €100,250 | €125,250 | +€25,000 | +24.9% |
| Current assets | 29/58 | €728,996 | €817,358 | +€88,363 | +12.1% |
| Amounts receivable after more than one year | 29 | €170,000 | €170,000 | = | 0.0% |
| Other amounts receivable | 291 | €170,000 | €170,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €473,987 | €428,391 | -€45,595 | -9.6% |
| Trade receivables | 40 | €458,464 | €420,742 | -€37,722 | -8.2% |
| Other amounts receivable | 41 | €15,523 | €7,649 | -€7,873 | -50.7% |
| Cash at bank and in hand | 54/58 | €45,805 | €98,602 | +€52,797 | +115.3% |
| Deferred charges and accrued income | 490/1 | €39,204 | €120,365 | +€81,160 | +207.0% |
| Total equity and liabilities | 10/49 | €2,209,956 | €2,293,850 | +€83,894 | +3.8% |
| Equity | 10/15 | €186,604 | €213,343 | +€26,739 | +14.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €161,604 | €188,343 | +€26,739 | +16.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €161,604 | €188,343 | +€26,739 | +16.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,023,352 | €2,080,507 | +€57,155 | +2.8% |
| Amounts payable after more than one year | 17 | €365,384 | €293,950 | -€71,434 | -19.6% |
| Financial debts | 170/4 | €335,384 | €293,950 | -€41,434 | -12.4% |
| Other amounts payable | 178/9 | €30,000 | €0 | -€30,000 | -100.0% |
| Amounts payable within one year | 42/48 | €1,657,968 | €1,786,557 | +€128,589 | +7.8% |
| Current portion of amounts payable after more than one year | 42 | €51,129 | €49,744 | -€1,385 | -2.7% |
| Trade debts | 44 | €1,240,557 | €1,305,120 | +€64,563 | +5.2% |
| Suppliers | 440/4 | €1,240,557 | €1,305,120 | +€64,563 | +5.2% |
| Taxes, remuneration and social security | 45 | €131,192 | €186,067 | +€54,875 | +41.8% |
| Taxes | 450/3 | €79,076 | €112,626 | +€33,549 | +42.4% |
| Remuneration and social security | 454/9 | €52,116 | €73,441 | +€21,326 | +40.9% |
| Other amounts payable | 47/48 | €235,089 | €245,626 | +€10,536 | +4.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €8,067 | +€8,067 | |
| Remuneration, social security and pensions | 62 | €583,106 | €638,141 | +€55,035 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €296,720 | €252,013 | -€44,706 | -15.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€48,774 | €0 | +€48,774 | |
| Other operating charges | 640/8 | €63,023 | €13,744 | -€49,279 | -78.2% |
| Non-recurring operating charges | 66A | - | €2,140 | +€2,140 | |
| Gross operating margin | 9900 | €1,067,514 | €966,382 | -€101,132 | -9.5% |
| Operating profit (loss) | 9901 | €173,440 | €60,344 | -€113,096 | -65.2% |
| Financial income | 75/76B | €2,709 | €1,700 | -€1,009 | -37.2% |
| Recurring financial income | 75 | €2,709 | €1,700 | -€1,009 | -37.2% |
| Financial charges | 65/66B | €25,108 | €32,970 | +€7,862 | +31.3% |
| Recurring financial charges | 65 | €25,108 | €32,970 | +€7,862 | +31.3% |
| Profit (loss) for the period before taxes | 9903 | €151,041 | €29,074 | -€121,967 | -80.8% |
| Income taxes | 67/77 | €1,454 | €2,335 | +€881 | +60.6% |
| Profit (loss) for the period | 9904 | €149,587 | €26,739 | -€122,848 | -82.1% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €149,587 | €26,739 | -€122,848 | -82.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.