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
- Cash +€550,852
up €550,852 (+70.2%), from €784,142 to €1.3m
mainly Receivables after one year (+€250,000) and Depreciation (+€205,398)
- Tangible fixed assets -€288,418
down €288,418 (-21.7%), from €1.3m to €1.0m
of which Land and buildings: -€200,567
- Receivables after one year -€250,000
down €250,000 (-38.0%), from €657,569 to €407,569
- Receivables within one year -€157,701
down €157,701 (-9.4%), from €1.7m to €1.5m
of which Other amounts receivable: -€335,482
- Trade debts -€232,630
down €232,630 (-19.0%), from €1.2m to €988,715
- Accrued charges and deferred income +€125,500
up €125,500 (+154%), from €81,500 to €207,000
- Debts after one year -€113,376
down €113,376 (-17.3%), from €656,264 to €542,888
- Profit (loss) carried forward +€56,821
up €56,821 (+3.7%), from €1.5m to €1.6m
- Staff costs -€258,109
down €258,109 (-10.3%), from €2.5m to €2.3m
- Gross operating margin -€166,553
down €166,553 (-6.0%), from €2.8m to €2.6m
- Taxes +€75,825
up €75,825, from -€23,466 to €52,359
- Depreciation -€72,904
down €72,904 (-26.2%), from €278,302 to €205,398
- Write-downs +€69,476
up €69,476, from -€40,875 to €28,601
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 | €4,520,356 | €4,378,502 | -€141,854 | -3.1% |
| Fixed assets | 21/28 | €1,340,470 | €1,069,031 | -€271,440 | -20.2% |
| Intangible fixed assets | 21 | €13,702 | €30,681 | +€16,979 | +124% |
| Tangible fixed assets | 22/27 | €1,326,768 | €1,038,350 | -€288,418 | -21.7% |
| Land and buildings | 22 | €1,169,533 | €968,967 | -€200,567 | -17.1% |
| Plant, machinery and equipment | 23 | €8,999 | €21,916 | +€12,917 | +144% |
| Furniture and vehicles | 24 | €148,236 | €47,467 | -€100,769 | -68.0% |
| Current assets | 29/58 | €3,179,886 | €3,309,471 | +€129,586 | +4.1% |
| Amounts receivable after more than one year | 29 | €657,569 | €407,569 | -€250,000 | -38.0% |
| Other amounts receivable | 291 | €657,569 | €407,569 | -€250,000 | -38.0% |
| Amounts receivable within one year | 40/41 | €1,686,404 | €1,528,703 | -€157,701 | -9.4% |
| Trade receivables | 40 | €804,219 | €982,000 | +€177,781 | +22.1% |
| Other amounts receivable | 41 | €882,185 | €546,703 | -€335,482 | -38.0% |
| Cash at bank and in hand | 54/58 | €784,142 | €1,334,994 | +€550,852 | +70.2% |
| Deferred charges and accrued income | 490/1 | €51,771 | €38,206 | -€13,565 | -26.2% |
| Total equity and liabilities | 10/49 | €4,520,356 | €4,378,502 | -€141,854 | -3.1% |
| Equity | 10/15 | €1,913,542 | €1,970,363 | +€56,821 | +3.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €366,750 | €366,750 | = | 0.0% |
| Tax-exempt reserves | 132 | €141,750 | €141,750 | = | 0.0% |
| Distributable reserves | 133 | €225,000 | €225,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,528,192 | €1,585,013 | +€56,821 | +3.7% |
| Amounts payable | 17/49 | €2,606,814 | €2,408,139 | -€198,675 | -7.6% |
| Amounts payable after more than one year | 17 | €656,264 | €542,888 | -€113,376 | -17.3% |
| Financial debts | 170/4 | €656,264 | €542,888 | -€113,376 | -17.3% |
| Amounts payable within one year | 42/48 | €1,869,050 | €1,658,251 | -€210,799 | -11.3% |
| Current portion of amounts payable after more than one year | 42 | €117,368 | €119,568 | +€2,200 | +1.9% |
| Trade debts | 44 | €1,221,345 | €988,715 | -€232,630 | -19.0% |
| Suppliers | 440/4 | €1,221,345 | €988,715 | -€232,630 | -19.0% |
| Advances received on contracts in progress | 46 | €13,489 | - | -€13,489 | |
| Taxes, remuneration and social security | 45 | €271,805 | €295,922 | +€24,117 | +8.9% |
| Taxes | 450/3 | €69,245 | €65,621 | -€3,624 | -5.2% |
| Remuneration and social security | 454/9 | €202,560 | €230,301 | +€27,741 | +13.7% |
| Other amounts payable | 47/48 | €245,043 | €254,046 | +€9,003 | +3.7% |
| Accrued charges and deferred income | 492/3 | €81,500 | €207,000 | +€125,500 | +154% |
| Non-recurring operating income | 76A | €95,210 | €87,853 | -€7,358 | -7.7% |
| Remuneration, social security and pensions | 62 | €2,518,089 | €2,259,980 | -€258,109 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €278,302 | €205,398 | -€72,904 | -26.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€40,875 | €28,601 | +€69,476 | |
| Other operating charges | 640/8 | €47,566 | €15,953 | -€31,613 | -66.5% |
| Non-recurring operating charges | 66A | - | €2,250 | +€2,250 | |
| Gross operating margin | 9900 | €2,758,962 | €2,592,409 | -€166,553 | -6.0% |
| Operating profit (loss) | 9901 | -€44,119 | €80,227 | +€124,346 | |
| Financial income | 75/76B | €51,685 | €42,695 | -€8,990 | -17.4% |
| Recurring financial income | 75 | €51,685 | €42,695 | -€8,990 | -17.4% |
| Financial charges | 65/66B | €15,456 | €13,742 | -€1,714 | -11.1% |
| Recurring financial charges | 65 | €15,456 | €13,742 | -€1,714 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | -€7,890 | €109,180 | +€117,070 | |
| Income taxes | 67/77 | -€23,466 | €52,359 | +€75,825 | |
| Profit (loss) for the period | 9904 | €15,576 | €56,821 | +€41,245 | +265% |
| Profit (loss) for the period to be appropriated | 9905 | €15,576 | €56,821 | +€41,245 | +265% |
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 23 October 2026 via checked.be.