CERTINERGIE: 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.
CERTINERGIE
Largest movements
- Receivables within one year -€162,817
down €162,817 (-22.6%), from €720,334 to €557,517
of which Trade receivables: -€159,370
- Tangible fixed assets -€121,005
down €121,005 (-66.9%), from €180,931 to €59,925
of which Furniture and vehicles: -€109,986
- Cash +€46,848
up €46,848 (+444%), from €10,560 to €57,408
mainly Receivables within one year (+€162,817) and Depreciation (+€127,673)
- Deferred charges and accrued income -€21,504
down €21,504 (-89.9%), from €23,917 to €2,413
- Debts within one year -€245,637
down €245,637 (-32.3%), from €761,049 to €515,413
of which Trade debts: -€201,079
- Debts after one year -€14,982
no longer reported in 2025 (was €14,982)
- Staff costs -€634,257
down €634,257 (-22.4%), from €2.8m to €2.2m
- Gross operating margin -€631,162
down €631,162 (-20.9%), from €3.0m to €2.4m
- Depreciation -€40,997
down €40,997 (-24.3%), from €168,670 to €127,673
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €936,179 | €677,700 | -€258,479 | -27.6% |
| Fixed assets | 21/28 | €181,368 | €60,363 | -€121,005 | -66.7% |
| Tangible fixed assets | 22/27 | €180,931 | €59,925 | -€121,005 | -66.9% |
| Plant, machinery and equipment | 23 | €29,691 | €18,672 | -€11,019 | -37.1% |
| Furniture and vehicles | 24 | €151,240 | €41,253 | -€109,986 | -72.7% |
| Financial fixed assets | 28 | €438 | €438 | = | 0.0% |
| Current assets | 29/58 | €754,811 | €617,337 | -€137,474 | -18.2% |
| Amounts receivable within one year | 40/41 | €720,334 | €557,517 | -€162,817 | -22.6% |
| Trade receivables | 40 | €710,878 | €551,508 | -€159,370 | -22.4% |
| Other amounts receivable | 41 | €9,456 | €6,009 | -€3,448 | -36.5% |
| Cash at bank and in hand | 54/58 | €10,560 | €57,408 | +€46,848 | +444% |
| Deferred charges and accrued income | 490/1 | €23,917 | €2,413 | -€21,504 | -89.9% |
| Total equity and liabilities | 10/49 | €936,179 | €677,700 | -€258,479 | -27.6% |
| Equity | 10/15 | €160,148 | €161,641 | +€1,493 | +0.9% |
| Profit (loss) carried forward | 14 | €160,148 | €161,641 | +€1,493 | +0.9% |
| Amounts payable | 17/49 | €776,032 | €516,059 | -€259,972 | -33.5% |
| Amounts payable after more than one year | 17 | €14,982 | - | -€14,982 | |
| Financial debts | 170/4 | €14,982 | - | -€14,982 | |
| Amounts payable within one year | 42/48 | €761,049 | €515,413 | -€245,637 | -32.3% |
| Current portion of amounts payable after more than one year | 42 | €25,671 | €14,982 | -€10,689 | -41.6% |
| Trade debts | 44 | €335,555 | €134,476 | -€201,079 | -59.9% |
| Suppliers | 440/4 | €335,555 | €134,476 | -€201,079 | -59.9% |
| Taxes, remuneration and social security | 45 | €360,768 | €255,279 | -€105,489 | -29.2% |
| Taxes | 450/3 | €90,808 | €39,264 | -€51,544 | -56.8% |
| Remuneration and social security | 454/9 | €269,960 | €216,015 | -€53,945 | -20.0% |
| Accrued charges and deferred income | 492/3 | - | €646 | +€646 | |
| Remuneration, social security and pensions | 62 | €2,827,435 | €2,193,178 | -€634,257 | -22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €168,670 | €127,673 | -€40,997 | -24.3% |
| Other operating charges | 640/8 | €14,962 | €20,202 | +€5,240 | +35.0% |
| Gross operating margin | 9900 | €3,014,784 | €2,383,622 | -€631,162 | -20.9% |
| Operating profit (loss) | 9901 | €3,717 | €42,569 | +€38,853 | +1,045% |
| Financial income | 75/76B | €62 | €229 | +€167 | +269% |
| Recurring financial income | 75 | €62 | €229 | +€167 | +269% |
| Financial charges | 65/66B | €3,294 | €2,314 | -€980 | -29.7% |
| Recurring financial charges | 65 | €3,294 | €2,314 | -€980 | -29.7% |
| Profit (loss) for the period before taxes | 9903 | €485 | €40,484 | +€39,999 | +8,247% |
| Income taxes | 67/77 | €35,522 | €38,991 | +€3,470 | +9.8% |
| Profit (loss) for the period | 9904 | -€35,037 | €1,493 | +€36,530 | |
| Profit (loss) for the period to be appropriated | 9905 | -€35,037 | €1,493 | +€36,530 |
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 29 October 2026 via checked.be.