CERTIS: 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.
CERTIS
Largest movements
- Receivables within one year -€308,092
down €308,092 (-24.3%), from €1.3m to €960,030
- Other debts -€208,045
down €208,045 (-13.5%), from €1.5m to €1.3m
- Reserves -€106,753
down €106,753 (-6.8%), from €1.6m to €1.5m
of which Distributable reserves: -€106,753
- Tax, wage and social debts +€56,471
up €56,471 (+222.5%), from €25,377 to €81,848
of which Taxes: +€56,471
- Financial income -€515,557
down €515,557 (-96.8%), from €532,438 to €16,882
- Financial charges +€57,545
up €57,545 (+63.6%), from €90,482 to €148,027
- Gross operating margin +€48,229
up €48,229 (+246.5%), from €19,568 to €67,796
- Taxes -€39,979
down €39,979 (-99.0%), from €40,402 to €423
- Depreciation +€14,235
up €14,235 (+55.1%), from €25,824 to €40,059
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,348,824 | €4,091,049 | -€257,775 | -5.9% |
| Fixed assets | 21/28 | €930,515 | €972,456 | +€41,941 | +4.5% |
| Tangible fixed assets | 22/27 | €120,502 | €162,443 | +€41,941 | +34.8% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | - | €65,959 | +€65,959 | |
| Other tangible fixed assets | 26 | €120,502 | €96,483 | -€24,019 | -19.9% |
| Financial fixed assets | 28 | €810,013 | €810,013 | = | 0.0% |
| Current assets | 29/58 | €3,418,309 | €3,118,593 | -€299,716 | -8.8% |
| Amounts receivable within one year | 40/41 | €1,268,123 | €960,030 | -€308,092 | -24.3% |
| Other amounts receivable | 41 | €1,268,123 | €960,030 | -€308,092 | -24.3% |
| Current investments | 50/53 | €1,839,665 | €1,845,003 | +€5,338 | +0.3% |
| Cash at bank and in hand | 54/58 | €269,203 | €268,643 | -€560 | -0.2% |
| Deferred charges and accrued income | 490/1 | €41,318 | €44,916 | +€3,598 | +8.7% |
| Total equity and liabilities | 10/49 | €4,348,824 | €4,091,049 | -€257,775 | -5.9% |
| Equity | 10/15 | €2,174,667 | €2,067,915 | -€106,753 | -4.9% |
| Contributions | 10/11 | €599,000 | €599,000 | = | 0.0% |
| Capital | 10 | €599,000 | €599,000 | = | 0.0% |
| Issued capital | 100 | €599,000 | €599,000 | = | 0.0% |
| Reserves | 13 | €1,575,667 | €1,468,915 | -€106,753 | -6.8% |
| Non-distributable reserves | 130/1 | €59,312 | €59,312 | = | 0.0% |
| Legal reserve | 130 | €59,312 | €59,312 | = | 0.0% |
| Distributable reserves | 133 | €1,516,356 | €1,409,603 | -€106,753 | -7.0% |
| Amounts payable | 17/49 | €2,174,157 | €2,023,134 | -€151,023 | -6.9% |
| Amounts payable after more than one year | 17 | €601,550 | €601,550 | = | 0.0% |
| Financial debts | 170/4 | €601,550 | €601,550 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,572,607 | €1,421,584 | -€151,023 | -9.6% |
| Trade debts | 44 | €8,617 | €9,169 | +€551 | +6.4% |
| Suppliers | 440/4 | €8,617 | €9,169 | +€551 | +6.4% |
| Taxes, remuneration and social security | 45 | €25,377 | €81,848 | +€56,471 | +222.5% |
| Taxes | 450/3 | €25,377 | €81,848 | +€56,471 | +222.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,538,613 | €1,330,568 | -€208,045 | -13.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,824 | €40,059 | +€14,235 | +55.1% |
| Other operating charges | 640/8 | €2,852 | €2,921 | +€69 | +2.4% |
| Gross operating margin | 9900 | €19,568 | €67,796 | +€48,229 | +246.5% |
| Operating profit (loss) | 9901 | -€9,108 | €24,816 | +€33,924 | |
| Financial income | 75/76B | €532,438 | €16,882 | -€515,557 | -96.8% |
| Recurring financial income | 75 | €532,438 | €16,882 | -€515,557 | -96.8% |
| Financial charges | 65/66B | €90,482 | €148,027 | +€57,545 | +63.6% |
| Recurring financial charges | 65 | €90,482 | €148,027 | +€57,545 | +63.6% |
| Profit (loss) for the period before taxes | 9903 | €432,848 | -€106,329 | -€539,177 | |
| Income taxes | 67/77 | €40,402 | €423 | -€39,979 | -99.0% |
| Profit (loss) for the period | 9904 | €392,446 | -€106,753 | -€499,198 | |
| Profit (loss) for the period to be appropriated | 9905 | €392,446 | -€106,753 | -€499,198 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.