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 +€27,956
up €27,956 (+12.3%), from €226,964 to €254,921
mainly Net result for the year (+€88,945) and Depreciation (+€34,840)
- Tangible fixed assets +€16,065
up €16,065 (+5.7%), from €282,462 to €298,527
of which Furniture and vehicles: +€27,657
- Profit (loss) carried forward +€57,370
new in 2025: €57,370
- Reserves +€31,575
up €31,575 (+9.6%), from €328,350 to €359,925
of which Tax-exempt reserves: +€31,575
- Tax, wage and social debts -€17,468
down €17,468 (-35.2%), from €49,636 to €32,168
of which Taxes: -€18,761
- Current portion of long-term debt -€10,449
down €10,449 (-30.1%), from €34,740 to €24,291
- Debts after one year -€6,499
down €6,499 (-4.4%), from €147,403 to €140,904
- Gross operating margin +€20,788
up €20,788 (+8.1%), from €256,835 to €277,622
- Depreciation -€11,198
down €11,198 (-24.3%), from €46,038 to €34,840
- Write-downs +€4,520
up €4,520 (+121.4%), from €3,723 to €8,243
- Staff costs +€3,909
up €3,909 (+4.0%), from €97,722 to €101,631
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 | €588,493 | €642,625 | +€54,132 | +9.2% |
| Fixed assets | 21/28 | €284,198 | €298,582 | +€14,384 | +5.1% |
| Intangible fixed assets | 21 | €1,736 | €56 | -€1,681 | -96.8% |
| Tangible fixed assets | 22/27 | €282,462 | €298,527 | +€16,065 | +5.7% |
| Land and buildings | 22 | €210,019 | €200,799 | -€9,220 | -4.4% |
| Plant, machinery and equipment | 23 | €7,475 | €5,103 | -€2,372 | -31.7% |
| Furniture and vehicles | 24 | €64,968 | €92,625 | +€27,657 | +42.6% |
| Current assets | 29/58 | €304,295 | €344,042 | +€39,747 | +13.1% |
| Amounts receivable after more than one year | 29 | €30,318 | €33,130 | +€2,811 | +9.3% |
| Other amounts receivable | 291 | €30,318 | €33,130 | +€2,811 | +9.3% |
| Stocks and contracts in progress | 3 | €6,427 | €8,394 | +€1,967 | +30.6% |
| Stocks | 30/36 | €6,427 | €8,394 | +€1,967 | +30.6% |
| Amounts receivable within one year | 40/41 | €38,245 | €44,177 | +€5,932 | +15.5% |
| Trade receivables | 40 | €37,229 | €36,850 | -€379 | -1.0% |
| Other amounts receivable | 41 | €1,016 | €7,327 | +€6,311 | +621.5% |
| Cash at bank and in hand | 54/58 | €226,964 | €254,921 | +€27,956 | +12.3% |
| Deferred charges and accrued income | 490/1 | €2,341 | €3,421 | +€1,081 | +46.2% |
| Total equity and liabilities | 10/49 | €588,493 | €642,625 | +€54,132 | +9.2% |
| Equity | 10/15 | €331,350 | €420,295 | +€88,945 | +26.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €328,350 | €359,925 | +€31,575 | +9.6% |
| Tax-exempt reserves | 132 | €31,575 | €63,150 | +€31,575 | +100.0% |
| Distributable reserves | 133 | €296,775 | €296,775 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €57,370 | +€57,370 | |
| Amounts payable | 17/49 | €257,143 | €222,330 | -€34,813 | -13.5% |
| Amounts payable after more than one year | 17 | €147,403 | €140,904 | -€6,499 | -4.4% |
| Financial debts | 170/4 | €147,403 | €140,904 | -€6,499 | -4.4% |
| Amounts payable within one year | 42/48 | €108,277 | €81,426 | -€26,851 | -24.8% |
| Current portion of amounts payable after more than one year | 42 | €34,740 | €24,291 | -€10,449 | -30.1% |
| Trade debts | 44 | €21,237 | €24,967 | +€3,730 | +17.6% |
| Suppliers | 440/4 | €21,237 | €24,967 | +€3,730 | +17.6% |
| Taxes, remuneration and social security | 45 | €49,636 | €32,168 | -€17,468 | -35.2% |
| Taxes | 450/3 | €37,031 | €18,270 | -€18,761 | -50.7% |
| Remuneration and social security | 454/9 | €12,605 | €13,898 | +€1,293 | +10.3% |
| Other amounts payable | 47/48 | €2,663 | €0 | -€2,663 | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,463 | €0 | -€1,463 | -100.0% |
| Non-recurring operating income | 76A | €11,505 | €26,685 | +€15,179 | +131.9% |
| Remuneration, social security and pensions | 62 | €97,722 | €101,631 | +€3,909 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,038 | €34,840 | -€11,198 | -24.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,723 | €8,243 | +€4,520 | +121.4% |
| Other operating charges | 640/8 | €2,581 | €3,286 | +€705 | +27.3% |
| Non-recurring operating charges | 66A | €1,424 | €9,380 | +€7,956 | +558.8% |
| Gross operating margin | 9900 | €256,835 | €277,622 | +€20,788 | +8.1% |
| Operating profit (loss) | 9901 | €105,347 | €120,243 | +€14,896 | +14.1% |
| Financial income | 75/76B | €2,417 | €3,201 | +€785 | +32.5% |
| Recurring financial income | 75 | €2,417 | €3,201 | +€785 | +32.5% |
| Financial charges | 65/66B | €8,560 | €7,685 | -€875 | -10.2% |
| Recurring financial charges | 65 | €8,560 | €7,685 | -€875 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €99,204 | €115,759 | +€16,556 | +16.7% |
| Income taxes | 67/77 | €26,557 | €26,815 | +€258 | +1.0% |
| Profit (loss) for the period | 9904 | €72,647 | €88,945 | +€16,298 | +22.4% |
| Transfer to tax-exempt reserves | 689 | €31,575 | €31,575 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €41,072 | €57,370 | +€16,298 | +39.7% |
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 8 October 2026 via checked.be.