CERTIM.PRO: 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.
CERTIM.PRO
Largest movements
- Cash +€52,827
up €52,827 (+12.9%), from €409,572 to €462,398
mainly Other debts (+€303,284) and Net result for the year (+€98,306)
- Receivables within one year +€17,573
up €17,573 (+78.6%), from €22,365 to €39,938
of which Trade receivables: +€34,564
- Other debts +€303,284
new in 2025: €303,284
- Reserves -€253,985
down €253,985 (-59.0%), from €430,463 to €176,478
of which Distributable reserves: -€287,665
- Tax, wage and social debts +€20,785
up €20,785 (+228.1%), from €9,112 to €29,896
- Gross operating margin +€28,960
up €28,960 (+21.8%), from €132,961 to €161,921
- Write-downs +€15,291
new in 2025: €15,291
- Taxes -€12,325
down €12,325 (-21.2%), from €58,272 to €45,947
- Financial charges -€2,932
down €2,932 (-96.5%), from €3,038 to €106
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 | €450,416 | €522,315 | +€71,899 | +16.0% |
| Fixed assets | 21/28 | €17,208 | €19,155 | +€1,946 | +11.3% |
| Tangible fixed assets | 22/27 | €17,208 | €19,155 | +€1,946 | +11.3% |
| Furniture and vehicles | 24 | €487 | €4,176 | +€3,689 | +756.9% |
| Other tangible fixed assets | 26 | €16,721 | €14,978 | -€1,743 | -10.4% |
| Current assets | 29/58 | €433,208 | €503,161 | +€69,953 | +16.1% |
| Amounts receivable within one year | 40/41 | €22,365 | €39,938 | +€17,573 | +78.6% |
| Trade receivables | 40 | €5,375 | €39,938 | +€34,564 | +643.1% |
| Other amounts receivable | 41 | €16,990 | - | -€16,990 | |
| Cash at bank and in hand | 54/58 | €409,572 | €462,398 | +€52,827 | +12.9% |
| Deferred charges and accrued income | 490/1 | €1,272 | €824 | -€447 | -35.2% |
| Total equity and liabilities | 10/49 | €450,416 | €522,315 | +€71,899 | +16.0% |
| Equity | 10/15 | €436,664 | €187,805 | -€248,859 | -57.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €430,463 | €176,478 | -€253,985 | -59.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €75,780 | €109,460 | +€33,680 | +44.4% |
| Distributable reserves | 133 | €352,823 | €65,158 | -€287,665 | -81.5% |
| Profit (loss) carried forward | 14 | - | €5,126 | +€5,126 | |
| Amounts payable | 17/49 | €13,753 | €334,511 | +€320,758 | +2332.3% |
| Amounts payable within one year | 42/48 | €13,753 | €334,511 | +€320,758 | +2332.3% |
| Trade debts | 44 | €4,641 | €1,330 | -€3,311 | -71.3% |
| Suppliers | 440/4 | €4,641 | €1,330 | -€3,311 | -71.3% |
| Taxes, remuneration and social security | 45 | €9,112 | €29,896 | +€20,785 | +228.1% |
| Taxes | 450/3 | €9,112 | €29,896 | +€20,785 | +228.1% |
| Other amounts payable | 47/48 | - | €303,284 | +€303,284 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,044 | €2,162 | +€118 | +5.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €15,291 | +€15,291 | |
| Other operating charges | 640/8 | €1,472 | €882 | -€590 | -40.1% |
| Gross operating margin | 9900 | €132,961 | €161,921 | +€28,960 | +21.8% |
| Operating profit (loss) | 9901 | €129,445 | €143,586 | +€14,141 | +10.9% |
| Financial income | 75/76B | - | €774 | +€774 | |
| Recurring financial income | 75 | - | €774 | +€774 | |
| Financial charges | 65/66B | €3,038 | €106 | -€2,932 | -96.5% |
| Recurring financial charges | 65 | €3,038 | €106 | -€2,932 | -96.5% |
| Profit (loss) for the period before taxes | 9903 | €126,407 | €144,253 | +€17,846 | +14.1% |
| Income taxes | 67/77 | €58,272 | €45,947 | -€12,325 | -21.2% |
| Profit (loss) for the period | 9904 | €68,135 | €98,306 | +€30,171 | +44.3% |
| Transfer to tax-exempt reserves | 689 | €50,520 | €33,680 | -€16,840 | -33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €17,615 | €64,626 | +€47,011 | +266.9% |
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 30 September 2026 via checked.be.