CERTILEASE: 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.
What changed
CERTILEASE
NACE 55.209, Other holiday and short-stay accommodation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€35,044
2024 · €21,910-€56,954
Equity
€1.8m
2024 · -+€1.8m
Cash
€195,961
2024 · €374,668-€178,707
Balance sheet total
€1.9m
2024 · €1.9m-€45,163
Largest movements
Assets
- Current investments +€208,333
new in 2025: €208,333
- Cash -€178,707
down €178,707 (-47.7%), from €374,668 to €195,961
mainly Current investments (-€208,333) and Total equity and liabilities (-€45,163)
- Tangible fixed assets -€72,412
down €72,412 (-7.4%), from €982,205 to €909,793
of which Land and buildings: -€68,733
Equity and liabilities
- Total equity and liabilities -€45,163
down €45,163 (-2.3%), from €1.9m to €1.9m
Income statement
- Gross operating margin -€57,666
down €57,666 (-33.0%), from €174,778 to €117,112
- Purchases and services +€47,138
up €47,138 (+68.8%), from €68,504 to €115,642
- Turnover -€8,117
down €8,117 (-3.5%), from €228,790 to €220,673
- Financial income +€3,198
up €3,198 (+77.6%), from €4,122 to €7,320
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.
Result 2024
€21,910
Gross operating margin
-€57,666
Staff costs
-€1,457
Depreciation
+€929
Other operating charges
-€1,958
Financial income
+€3,198
Financial charges
+€1
Result 2025
-€35,044
raises the resultlowers the result
Derived cash bridge
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.
From operations
-€2,293
Investment
-€211,458
Financing
+€35,044
Cash 2024
€374,668
From operations (derived)
-€2,293
Net result for the year
-€35,044
Depreciation
+€75,537
Receivables within one year
+€2,403
Deferred charges and accrued income
-€24
Total equity and liabilities
-€45,163
Investment (derived)
-€211,458
Investment in fixed assets (net)
-€3,125
Current investments
-€208,333
Financing
+€35,044
Contributions, distributions and other
+€35,044
Cash 2025
€195,961
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,927,072 | €1,881,909 | -€45,163 | -2.3% |
| Fixed assets | 21/28 | €1,482,339 | €1,409,927 | -€72,412 | -4.9% |
| Tangible fixed assets | 22/27 | €982,205 | €909,793 | -€72,412 | -7.4% |
| Land and buildings | 22 | €962,064 | €893,331 | -€68,733 | -7.1% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €20,141 | €16,462 | -€3,679 | -18.3% |
| Financial fixed assets | 28 | €500,134 | €500,134 | -€0 | 0.0% |
| Current assets | 29/58 | €444,733 | €471,981 | +€27,248 | +6.1% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €17,487 | €15,084 | -€2,403 | -13.7% |
| Trade receivables | 40 | €14,444 | €12,959 | -€1,485 | -10.3% |
| Other amounts receivable | 41 | €3,043 | €2,125 | -€918 | -30.2% |
| Current investments | 50/53 | - | €208,333 | +€208,333 | |
| Cash at bank and in hand | 54/58 | €374,668 | €195,961 | -€178,707 | -47.7% |
| Deferred charges and accrued income | 490/1 | €2,578 | €2,602 | +€24 | +0.9% |
| Total equity and liabilities | 10/49 | €1,927,072 | €1,881,909 | -€45,163 | -2.3% |
| Equity | 10/15 | - | €1,847,951 | +€1.8m | |
| Contributions | 10/11 | €1,848,660 | €1,848,660 | -€0 | 0.0% |
| Capital | 10 | €1,848,660 | €1,848,660 | -€0 | 0.0% |
| Issued capital | 100 | €1,848,660 | €1,848,660 | -€0 | 0.0% |
| Reserves | 13 | €3,346 | €3,346 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,346 | €3,346 | = | 0.0% |
| Legal reserve | 130 | €3,346 | €3,346 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,525 | -€11,519 | -€35,044 | |
| Investment grants | 15 | €8,144 | €7,465 | -€679 | -8.3% |
| Provisions and deferred taxes | 16 | - | €3,846 | +€3,846 | |
| Deferred taxes | 168 | €4,195 | €3,846 | -€349 | -8.3% |
| Amounts payable | 17/49 | €39,203 | €30,112 | -€9,091 | -23.2% |
| Amounts payable after more than one year | 17 | €5,400 | - | -€5,400 | |
| Other amounts payable | 178/9 | €5,400 | - | -€5,400 | |
| Amounts payable within one year | 42/48 | €32,674 | €28,741 | -€3,933 | -12.0% |
| Trade debts | 44 | €25,924 | €22,296 | -€3,628 | -14.0% |
| Suppliers | 440/4 | €25,924 | €22,296 | -€3,628 | -14.0% |
| Taxes, remuneration and social security | 45 | €6,750 | €6,445 | -€305 | -4.5% |
| Taxes | 450/3 | €381 | €30 | -€351 | -92.2% |
| Remuneration and social security | 454/9 | €6,368 | €6,416 | +€48 | +0.7% |
| Accrued charges and deferred income | 492/3 | €1,129 | €1,371 | +€242 | +21.4% |
| Turnover | 70 | €228,790 | €220,673 | -€8,117 | -3.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €68,504 | €115,642 | +€47,138 | +68.8% |
| Remuneration, social security and pensions | 62 | €47,741 | €49,198 | +€1,457 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,466 | €75,537 | -€929 | -1.2% |
| Other operating charges | 640/8 | €33,132 | €35,090 | +€1,958 | +5.9% |
| Gross operating margin | 9900 | €174,778 | €117,112 | -€57,666 | -33.0% |
| Operating profit (loss) | 9901 | €17,439 | -€42,714 | -€60,153 | |
| Financial income | 75/76B | €4,122 | €7,320 | +€3,198 | +77.6% |
| Recurring financial income | 75 | €4,122 | €7,320 | +€3,198 | +77.6% |
| Financial charges | 65/66B | €1 | - | -€1 | |
| Recurring financial charges | 65 | €1 | - | -€1 | |
| Profit (loss) for the period before taxes | 9903 | €21,560 | -€35,394 | -€56,954 | |
| Transfer from deferred taxes | 780 | €350 | €350 | -€0 | -0.1% |
| Profit (loss) for the period | 9904 | €21,910 | -€35,044 | -€56,954 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,910 | -€35,044 | -€56,954 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.