CERTIGROUP: 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.
CERTIGROUP
Largest movements
- Receivables within one year -€18,848
down €18,848 (-16.9%), from €111,529 to €92,681
of which Trade receivables: -€22,058
- Intangible fixed assets +€9,774
up €9,774 (+35.6%), from €27,432 to €37,206
- Cash +€8,145
up €8,145 (+31.3%), from €25,988 to €34,133
mainly Other debts (+€19,282) and Receivables within one year (+€18,848)
- Deferred charges and accrued income +€3,180
up €3,180 (+448.0%), from €710 to €3,890
- Tangible fixed assets -€2,748
down €2,748 (-11.3%), from €24,382 to €21,634
of which Other tangible fixed assets: -€2,518
- Other debts +€19,282
up €19,282 (+3853.2%), from €500 to €19,782
- Trade debts -€12,330
down €12,330 (-19.7%), from €62,450 to €50,120
- Debts after one year -€3,816
down €3,816 (-18.9%), from €20,198 to €16,382
- Current portion of long-term debt -€2,246
down €2,246 (-10.7%), from €20,915 to €18,670
- Gross operating margin -€33,276
down €33,276 (-14.3%), from €233,098 to €199,822
- Staff costs -€21,792
down €21,792 (-12.4%), from €175,467 to €153,675
- Other operating charges -€7,562
down €7,562 (-85.1%), from €8,885 to €1,322
- Depreciation +€5,898
up €5,898 (+116.2%), from €5,077 to €10,975
- Financial income -€3,722
down €3,722 (-64.3%), from €5,787 to €2,065
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 | €190,041 | €189,543 | -€498 | -0.3% |
| Fixed assets | 21/28 | €51,815 | €58,840 | +€7,025 | +13.6% |
| Intangible fixed assets | 21 | €27,432 | €37,206 | +€9,774 | +35.6% |
| Tangible fixed assets | 22/27 | €24,382 | €21,634 | -€2,748 | -11.3% |
| Furniture and vehicles | 24 | €988 | €758 | -€231 | -23.3% |
| Other tangible fixed assets | 26 | €23,394 | €20,876 | -€2,518 | -10.8% |
| Current assets | 29/58 | €138,226 | €130,703 | -€7,523 | -5.4% |
| Amounts receivable within one year | 40/41 | €111,529 | €92,681 | -€18,848 | -16.9% |
| Trade receivables | 40 | €95,184 | €73,126 | -€22,058 | -23.2% |
| Other amounts receivable | 41 | €16,344 | €19,554 | +€3,210 | +19.6% |
| Cash at bank and in hand | 54/58 | €25,988 | €34,133 | +€8,145 | +31.3% |
| Deferred charges and accrued income | 490/1 | €710 | €3,890 | +€3,180 | +448.0% |
| Total equity and liabilities | 10/49 | €190,041 | €189,543 | -€498 | -0.3% |
| Equity | 10/15 | €52,961 | €51,487 | -€1,473 | -2.8% |
| Contributions | 10/11 | €9,570 | €9,570 | = | 0.0% |
| Reserves | 13 | €43,390 | €41,917 | -€1,473 | -3.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €41,530 | €40,057 | -€1,473 | -3.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €137,081 | €138,056 | +€976 | +0.7% |
| Amounts payable after more than one year | 17 | €20,198 | €16,382 | -€3,816 | -18.9% |
| Financial debts | 170/4 | €20,198 | €16,382 | -€3,816 | -18.9% |
| Amounts payable within one year | 42/48 | €116,882 | €121,674 | +€4,792 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €20,915 | €18,670 | -€2,246 | -10.7% |
| Financial debts | 43 | €3,402 | €3,365 | -€37 | -1.1% |
| Credit institutions | 430/8 | - | €3,365 | +€3,365 | |
| Other loans | 439 | €3,402 | €0 | -€3,402 | -100.0% |
| Trade debts | 44 | €62,450 | €50,120 | -€12,330 | -19.7% |
| Suppliers | 440/4 | €62,450 | €50,120 | -€12,330 | -19.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €29,613 | €29,737 | +€123 | +0.4% |
| Taxes | 450/3 | €11,754 | €11,919 | +€165 | +1.4% |
| Remuneration and social security | 454/9 | €17,860 | €17,818 | -€42 | -0.2% |
| Other amounts payable | 47/48 | €500 | €19,782 | +€19,282 | +3853.2% |
| Remuneration, social security and pensions | 62 | €175,467 | €153,675 | -€21,792 | -12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,077 | €10,975 | +€5,898 | +116.2% |
| Other operating charges | 640/8 | €8,885 | €1,322 | -€7,562 | -85.1% |
| Gross operating margin | 9900 | €233,098 | €199,822 | -€33,276 | -14.3% |
| Operating profit (loss) | 9901 | €43,669 | €33,850 | -€9,819 | -22.5% |
| Financial income | 75/76B | €5,787 | €2,065 | -€3,722 | -64.3% |
| Recurring financial income | 75 | €5,787 | €2,065 | -€3,722 | -64.3% |
| Financial charges | 65/66B | €4,342 | €3,700 | -€643 | -14.8% |
| Recurring financial charges | 65 | €4,342 | €3,700 | -€643 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €45,114 | €32,216 | -€12,898 | -28.6% |
| Income taxes | 67/77 | €17,699 | €15,317 | -€2,382 | -13.5% |
| Profit (loss) for the period | 9904 | €27,415 | €16,899 | -€10,516 | -38.4% |
| Profit (loss) for the period to be appropriated | 9905 | €27,415 | €16,899 | -€10,516 | -38.4% |
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.