CERTIPLUS: 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.
CERTIPLUS
Largest movements
- Financial fixed assets -€210,000
down €210,000 (-97.7%), from €215,000 to €5,000
- Cash +€105,637
up €105,637 (+111%), from €95,030 to €200,667
mainly Investment in fixed assets (net) (+€179,138) and Trade debts (+€69,591)
- Receivables within one year +€89,158
up €89,158 (+223%), from €40,025 to €129,183
of which Trade receivables: +€51,051
- Tangible fixed assets +€21,659
up €21,659 (+181%), from €11,960 to €33,619
- Deferred charges and accrued income +€9,998
up €9,998 (+176%), from €5,666 to €15,664
- Profit (loss) carried forward -€79,461
down €79,461, from €68,800 to -€10,661
- Trade debts +€69,591
up €69,591 (+106%), from €65,838 to €135,429
- Tax, wage and social debts +€28,316
up €28,316 (+24.2%), from €116,831 to €145,147
of which Remuneration and social security: +€30,714
- Debts after one year -€12,955
down €12,955 (-18.3%), from €70,714 to €57,760
- Gross operating margin -€101,349
down €101,349 (-25.1%), from €403,078 to €301,729
- Staff costs -€49,879
down €49,879 (-13.4%), from €372,408 to €322,529
- Other operating charges -€9,291
no longer reported in 2025 (was €9,291)
- Write-downs -€4,568
no longer reported in 2025 (was €4,568)
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 | €390,586 | €399,742 | +€9,156 | +2.3% |
| Fixed assets | 21/28 | €249,864 | €54,228 | -€195,636 | -78.3% |
| Intangible fixed assets | 21 | €22,904 | €15,609 | -€7,295 | -31.9% |
| Tangible fixed assets | 22/27 | €11,960 | €33,619 | +€21,659 | +181% |
| Furniture and vehicles | 24 | €11,960 | €33,619 | +€21,659 | +181% |
| Financial fixed assets | 28 | €215,000 | €5,000 | -€210,000 | -97.7% |
| Current assets | 29/58 | €140,722 | €345,514 | +€204,792 | +146% |
| Amounts receivable within one year | 40/41 | €40,025 | €129,183 | +€89,158 | +223% |
| Trade receivables | 40 | €32,978 | €84,028 | +€51,051 | +155% |
| Other amounts receivable | 41 | €7,048 | €45,155 | +€38,107 | +541% |
| Cash at bank and in hand | 54/58 | €95,030 | €200,667 | +€105,637 | +111% |
| Deferred charges and accrued income | 490/1 | €5,666 | €15,664 | +€9,998 | +176% |
| Total equity and liabilities | 10/49 | €390,586 | €399,742 | +€9,156 | +2.3% |
| Equity | 10/15 | €87,797 | €8,336 | -€79,461 | -90.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €12,797 | €12,797 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €10,937 | €10,937 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,800 | -€10,661 | -€79,461 | |
| Amounts payable | 17/49 | €302,789 | €391,405 | +€88,617 | +29.3% |
| Amounts payable after more than one year | 17 | €70,714 | €57,760 | -€12,955 | -18.3% |
| Financial debts | 170/4 | €70,714 | €57,760 | -€12,955 | -18.3% |
| Amounts payable within one year | 42/48 | €232,074 | €333,645 | +€101,571 | +43.8% |
| Current portion of amounts payable after more than one year | 42 | €12,409 | €12,955 | +€545 | +4.4% |
| Trade debts | 44 | €65,838 | €135,429 | +€69,591 | +106% |
| Suppliers | 440/4 | €65,838 | €135,429 | +€69,591 | +106% |
| Taxes, remuneration and social security | 45 | €116,831 | €145,147 | +€28,316 | +24.2% |
| Taxes | 450/3 | €42,756 | €40,358 | -€2,398 | -5.6% |
| Remuneration and social security | 454/9 | €74,075 | €104,789 | +€30,714 | +41.5% |
| Other amounts payable | 47/48 | €36,995 | €40,115 | +€3,119 | +8.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €372,408 | €322,529 | -€49,879 | -13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,037 | €16,499 | +€2,461 | +17.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,568 | - | -€4,568 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €3,618 | +€3,618 | |
| Other operating charges | 640/8 | €9,291 | - | -€9,291 | |
| Non-recurring operating charges | 66A | - | €29,881 | +€29,881 | |
| Gross operating margin | 9900 | €403,078 | €301,729 | -€101,349 | -25.1% |
| Operating profit (loss) | 9901 | €2,773 | -€70,797 | -€73,570 | |
| Financial income | 75/76B | €1,172 | €981 | -€192 | -16.3% |
| Recurring financial income | 75 | €1,172 | €981 | -€192 | -16.3% |
| Financial charges | 65/66B | €6,596 | €8,486 | +€1,890 | +28.7% |
| Recurring financial charges | 65 | €6,596 | €8,486 | +€1,890 | +28.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,651 | -€78,302 | -€75,651 | -2,854% |
| Income taxes | 67/77 | €576 | €1,159 | +€583 | +101% |
| Profit (loss) for the period | 9904 | -€3,227 | -€79,461 | -€76,234 | -2,363% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,227 | -€79,461 | -€76,234 | -2,363% |
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 26 October 2026 via checked.be.