CERTIFY: what changed
Two fiscal 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.
CERTIFY
Largest movements
- Cash +€40,220
up €40,220 (+118.2%), from €34,034 to €74,254
mainly Net result for the year (+€43,539) and Other debts (+€24,853)
- Current investments -€16,627
down €16,627 (-7.9%), from €209,348 to €192,722
- Receivables within one year -€13,349
down €13,349 (-42.2%), from €31,608 to €18,259
of which Other amounts receivable: -€14,180
- Tangible fixed assets -€8,776
down €8,776 (-18.2%), from €48,161 to €39,384
of which Furniture and vehicles: -€8,906
- Reserves -€30,518
down €30,518 (-10.2%), from €298,605 to €268,086
- Other debts +€24,853
up €24,853 (+298.1%), from €8,338 to €33,191
- Tax, wage and social debts +€5,280
up €5,280 (+85.8%), from €6,157 to €11,437
- Gross operating margin +€53,239
up €53,239 (+313.5%), from €16,985 to €70,223
- Taxes +€14,888
up €14,888 (+1223.1%), from €1,217 to €16,105
- Financial income +€8,247
up €8,247 (+564.4%), from €1,461 to €9,708
- Financial charges +€2,203
up €2,203 (+376.0%), from €586 to €2,789
- Depreciation -€1,442
down €1,442 (-9.2%), from €15,618 to €14,175
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 | €328,242 | €329,886 | +€1,643 | +0.5% |
| Fixed assets | 21/28 | €49,295 | €40,518 | -€8,776 | -17.8% |
| Tangible fixed assets | 22/27 | €48,161 | €39,384 | -€8,776 | -18.2% |
| Land and buildings | 22 | €1,946 | €1,140 | -€806 | -41.4% |
| Plant, machinery and equipment | 23 | €358 | €340 | -€18 | -5.1% |
| Furniture and vehicles | 24 | €45,857 | €36,951 | -€8,906 | -19.4% |
| Other tangible fixed assets | 26 | - | €954 | +€954 | |
| Financial fixed assets | 28 | €1,134 | €1,134 | = | 0.0% |
| Current assets | 29/58 | €278,948 | €289,368 | +€10,420 | +3.7% |
| Amounts receivable within one year | 40/41 | €31,608 | €18,259 | -€13,349 | -42.2% |
| Trade receivables | 40 | €17,428 | €18,259 | +€831 | +4.8% |
| Other amounts receivable | 41 | €14,180 | - | -€14,180 | |
| Current investments | 50/53 | €209,348 | €192,722 | -€16,627 | -7.9% |
| Cash at bank and in hand | 54/58 | €34,034 | €74,254 | +€40,220 | +118.2% |
| Deferred charges and accrued income | 490/1 | €3,958 | €4,133 | +€175 | +4.4% |
| Total equity and liabilities | 10/49 | €328,242 | €329,886 | +€1,643 | +0.5% |
| Equity | 10/15 | €311,005 | €280,486 | -€30,518 | -9.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €298,605 | €268,086 | -€30,518 | -10.2% |
| Distributable reserves | 133 | €298,605 | €268,086 | -€30,518 | -10.2% |
| Amounts payable | 17/49 | €17,238 | €49,400 | +€32,162 | +186.6% |
| Amounts payable within one year | 42/48 | €16,670 | €47,925 | +€31,254 | +187.5% |
| Trade debts | 44 | €2,175 | €3,296 | +€1,121 | +51.5% |
| Suppliers | 440/4 | €2,175 | €3,296 | +€1,121 | +51.5% |
| Taxes, remuneration and social security | 45 | €6,157 | €11,437 | +€5,280 | +85.8% |
| Taxes | 450/3 | €6,157 | €11,437 | +€5,280 | +85.8% |
| Other amounts payable | 47/48 | €8,338 | €33,191 | +€24,853 | +298.1% |
| Accrued charges and deferred income | 492/3 | €567 | €1,475 | +€907 | +159.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,618 | €14,175 | -€1,442 | -9.2% |
| Other operating charges | 640/8 | €3,223 | €3,323 | +€100 | +3.1% |
| Gross operating margin | 9900 | €16,985 | €70,223 | +€53,239 | +313.5% |
| Operating profit (loss) | 9901 | -€1,856 | €52,725 | +€54,581 | |
| Financial income | 75/76B | €1,461 | €9,708 | +€8,247 | +564.4% |
| Recurring financial income | 75 | €1,461 | €9,708 | +€8,247 | +564.4% |
| Financial charges | 65/66B | €586 | €2,789 | +€2,203 | +376.0% |
| Recurring financial charges | 65 | €586 | €2,789 | +€2,203 | +376.0% |
| Profit (loss) for the period before taxes | 9903 | -€980 | €59,644 | +€60,625 | |
| Income taxes | 67/77 | €1,217 | €16,105 | +€14,888 | +1223.1% |
| Profit (loss) for the period | 9904 | -€2,197 | €43,539 | +€45,737 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,197 | €43,539 | +€45,737 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.