CERTIGEO: 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.
CERTIGEO
Largest movements
- Intangible fixed assets -€17,148
down €17,148 (-66.7%), from €25,694 to €8,546
- Tangible fixed assets -€14,290
down €14,290 (-14.0%), from €102,255 to €87,965
of which Land and buildings: -€11,077
- Receivables within one year -€9,451
down €9,451 (-77.0%), from €12,278 to €2,828
of which Trade receivables: -€7,728
- Cash +€4,279
up €4,279 (+20.9%), from €20,518 to €24,797
mainly Depreciation (+€40,977) and Net result for the year (+€39,663)
- Profit (loss) carried forward -€36,808
down €36,808 (-52.8%), from €69,713 to €32,905
- Tax, wage and social debts +€11,251
up €11,251 (+80.5%), from €13,973 to €25,224
of which Taxes: +€11,032
- Debts after one year -€10,876
down €10,876 (-24.8%), from €43,934 to €33,058
- Other debts -€2,339
down €2,339 (-41.2%), from €5,676 to €3,337
- Trade debts +€2,330
up €2,330 (+56.6%), from €4,121 to €6,451
- Gross operating margin +€14,520
up €14,520 (+13.1%), from €110,484 to €125,004
- Taxes +€5,229
up €5,229 (+58.6%), from €8,919 to €14,148
- Staff costs +€1,746
up €1,746 (+6.7%), from €26,089 to €27,835
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 | €166,667 | €130,451 | -€36,216 | -21.7% |
| Fixed assets | 21/28 | €127,949 | €96,511 | -€31,438 | -24.6% |
| Intangible fixed assets | 21 | €25,694 | €8,546 | -€17,148 | -66.7% |
| Tangible fixed assets | 22/27 | €102,255 | €87,965 | -€14,290 | -14.0% |
| Land and buildings | 22 | €79,990 | €68,913 | -€11,077 | -13.8% |
| Plant, machinery and equipment | 23 | €4,356 | €1,956 | -€2,401 | -55.1% |
| Furniture and vehicles | 24 | €17,909 | €17,097 | -€813 | -4.5% |
| Current assets | 29/58 | €38,718 | €33,941 | -€4,778 | -12.3% |
| Amounts receivable within one year | 40/41 | €12,278 | €2,828 | -€9,451 | -77.0% |
| Trade receivables | 40 | €7,998 | €270 | -€7,728 | -96.6% |
| Other amounts receivable | 41 | €4,281 | €2,558 | -€1,723 | -40.2% |
| Cash at bank and in hand | 54/58 | €20,518 | €24,797 | +€4,279 | +20.9% |
| Deferred charges and accrued income | 490/1 | €5,922 | €6,316 | +€394 | +6.7% |
| Total equity and liabilities | 10/49 | €166,667 | €130,451 | -€36,216 | -21.7% |
| Equity | 10/15 | €88,313 | €51,505 | -€36,808 | -41.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,713 | €32,905 | -€36,808 | -52.8% |
| Amounts payable | 17/49 | €78,354 | €78,946 | +€592 | +0.8% |
| Amounts payable after more than one year | 17 | €43,934 | €33,058 | -€10,876 | -24.8% |
| Financial debts | 170/4 | €43,934 | €33,058 | -€10,876 | -24.8% |
| Amounts payable within one year | 42/48 | €34,420 | €45,888 | +€11,468 | +33.3% |
| Current portion of amounts payable after more than one year | 42 | €10,650 | €10,876 | +€226 | +2.1% |
| Trade debts | 44 | €4,121 | €6,451 | +€2,330 | +56.6% |
| Suppliers | 440/4 | €4,121 | €6,451 | +€2,330 | +56.6% |
| Taxes, remuneration and social security | 45 | €13,973 | €25,224 | +€11,251 | +80.5% |
| Taxes | 450/3 | €9,990 | €21,022 | +€11,032 | +110.4% |
| Remuneration and social security | 454/9 | €3,983 | €4,202 | +€219 | +5.5% |
| Other amounts payable | 47/48 | €5,676 | €3,337 | -€2,339 | -41.2% |
| Remuneration, social security and pensions | 62 | €26,089 | €27,835 | +€1,746 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,825 | €40,977 | +€151 | +0.4% |
| Other operating charges | 640/8 | €1,303 | €1,130 | -€173 | -13.2% |
| Gross operating margin | 9900 | €110,484 | €125,004 | +€14,520 | +13.1% |
| Operating profit (loss) | 9901 | €42,267 | €55,062 | +€12,795 | +30.3% |
| Financial income | 75/76B | €13 | €3 | -€10 | -76.6% |
| Recurring financial income | 75 | €13 | €3 | -€10 | -76.6% |
| Financial charges | 65/66B | €1,347 | €1,254 | -€94 | -7.0% |
| Recurring financial charges | 65 | €1,347 | €1,254 | -€94 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €40,932 | €53,811 | +€12,879 | +31.5% |
| Income taxes | 67/77 | €8,919 | €14,148 | +€5,229 | +58.6% |
| Profit (loss) for the period | 9904 | €32,014 | €39,663 | +€7,649 | +23.9% |
| Profit (loss) for the period to be appropriated | 9905 | €32,014 | €39,663 | +€7,649 | +23.9% |
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 3 October 2026 via checked.be.