Certimvest: 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.
Certimvest
Largest movements
- Receivables within one year -€57,797
down €57,797 (-54.1%), from €106,763 to €48,966
of which Other amounts receivable: -€41,083
- Cash -€5,293
down €5,293 (-30.6%), from €17,297 to €12,004
mainly Other debts (-€41,506) and Trade debts (-€14,423)
- Tangible fixed assets +€1,660
up €1,660 (+7.7%), from €21,460 to €23,119
of which Furniture and vehicles: +€1,660
- Other debts -€41,506
no longer reported in 2025 (was €41,506)
- Trade debts -€14,423
down €14,423 (-26.5%), from €54,472 to €40,049
- Tax, wage and social debts -€7,042
down €7,042 (-48.2%), from €14,603 to €7,561
- Profit (loss) carried forward +€2,967
up €2,967 (+26.5%), from -€11,213 to -€8,247
- Debts after one year -€1,827
down €1,827 (-56.4%), from €3,241 to €1,414
- Gross operating margin +€10,864
up €10,864 (+116.8%), from €9,298 to €20,162
- Financial charges +€5,948
up €5,948 (+244.8%), from €2,430 to €8,378
- Taxes +€1,380
up €1,380 (+16.4%), from €8,411 to €9,791
- Financial income -€1,025
down €1,025 (-22.0%), from €4,651 to €3,627
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 | €147,442 | €87,099 | -€60,343 | -40.9% |
| Fixed assets | 21/28 | €21,460 | €23,119 | +€1,660 | +7.7% |
| Tangible fixed assets | 22/27 | €21,460 | €23,119 | +€1,660 | +7.7% |
| Furniture and vehicles | 24 | €5,460 | €7,119 | +€1,660 | +30.4% |
| Other tangible fixed assets | 26 | €16,000 | €16,000 | = | 0.0% |
| Current assets | 29/58 | €125,982 | €63,979 | -€62,003 | -49.2% |
| Amounts receivable within one year | 40/41 | €106,763 | €48,966 | -€57,797 | -54.1% |
| Trade receivables | 40 | €17,154 | €440 | -€16,714 | -97.4% |
| Other amounts receivable | 41 | €89,609 | €48,526 | -€41,083 | -45.8% |
| Cash at bank and in hand | 54/58 | €17,297 | €12,004 | -€5,293 | -30.6% |
| Deferred charges and accrued income | 490/1 | €1,922 | €3,009 | +€1,087 | +56.6% |
| Total equity and liabilities | 10/49 | €147,442 | €87,099 | -€60,343 | -40.9% |
| Equity | 10/15 | €1,387 | €4,353 | +€2,967 | +213.9% |
| Contributions | 10/11 | €12,600 | €12,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,213 | -€8,247 | +€2,967 | +26.5% |
| Amounts payable | 17/49 | €146,055 | €82,745 | -€63,310 | -43.3% |
| Amounts payable after more than one year | 17 | €3,241 | €1,414 | -€1,827 | -56.4% |
| Financial debts | 170/4 | €3,241 | €1,414 | -€1,827 | -56.4% |
| Amounts payable within one year | 42/48 | €141,564 | €79,595 | -€61,968 | -43.8% |
| Current portion of amounts payable after more than one year | 42 | €1,762 | €1,827 | +€65 | +3.7% |
| Financial debts | 43 | €29,222 | €30,159 | +€937 | +3.2% |
| Credit institutions | 430/8 | €29,222 | €30,159 | +€937 | +3.2% |
| Trade debts | 44 | €54,472 | €40,049 | -€14,423 | -26.5% |
| Suppliers | 440/4 | €54,472 | €40,049 | -€14,423 | -26.5% |
| Taxes, remuneration and social security | 45 | €14,603 | €7,561 | -€7,042 | -48.2% |
| Taxes | 450/3 | €14,603 | €7,561 | -€7,042 | -48.2% |
| Other amounts payable | 47/48 | €41,506 | - | -€41,506 | |
| Accrued charges and deferred income | 492/3 | €1,250 | €1,736 | +€486 | +38.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,191 | €1,234 | +€43 | +3.6% |
| Other operating charges | 640/8 | €1,589 | €1,419 | -€170 | -10.7% |
| Gross operating margin | 9900 | €9,298 | €20,162 | +€10,864 | +116.8% |
| Operating profit (loss) | 9901 | €6,518 | €17,509 | +€10,991 | +168.6% |
| Financial income | 75/76B | €4,651 | €3,627 | -€1,025 | -22.0% |
| Recurring financial income | 75 | €4,651 | €3,627 | -€1,025 | -22.0% |
| Financial charges | 65/66B | €2,430 | €8,378 | +€5,948 | +244.8% |
| Recurring financial charges | 65 | €2,430 | €8,378 | +€5,948 | +244.8% |
| Profit (loss) for the period before taxes | 9903 | €8,739 | €12,758 | +€4,019 | +46.0% |
| Income taxes | 67/77 | €8,411 | €9,791 | +€1,380 | +16.4% |
| Profit (loss) for the period | 9904 | €328 | €2,967 | +€2,639 | +805.1% |
| Profit (loss) for the period to be appropriated | 9905 | €328 | €2,967 | +€2,639 | +805.1% |
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 9 October 2026 via checked.be.