CERTIS MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash +€737,201
up €737,201 (+907%), from €81,291 to €818,492
mainly Net result for the year (+€401,315) and Receivables within one year (+€212,363)
- Receivables within one year -€212,363
down €212,363 (-48.6%), from €436,680 to €224,317
of which Other amounts receivable: -€278,829
- Reserves +€401,315
up €401,315 (+16.3%), from €2.5m to €2.9m
of which Distributable reserves: +€401,315
- Trade debts +€103,225
up €103,225 (+2,609%), from €3,956 to €107,181
- Financial income -€447,436
down €447,436 (-68.7%), from €650,832 to €203,395
- Services and other goods +€123,125
up €123,125 (+19.7%), from €625,457 to €748,582
- Turnover +€115,878
up €115,878 (+15.8%), from €735,480 to €851,358
- Other operating income +€9,910
up €9,910 (+4.1%), from €239,035 to €248,946
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 | €2,896,629 | €3,444,635 | +€548,006 | +18.9% |
| Fixed assets | 21/28 | €2,378,658 | €2,401,826 | +€23,168 | +1.0% |
| Tangible fixed assets | 22/27 | €558,607 | €581,775 | +€23,168 | +4.1% |
| Land and buildings | 22 | €558,607 | €581,775 | +€23,168 | +4.1% |
| Financial fixed assets | 28 | €1,820,051 | €1,820,051 | = | 0.0% |
| Affiliated companies | 280/1 | €1,820,051 | €1,820,051 | = | 0.0% |
| Participating interests | 280 | €1,820,051 | €1,820,051 | = | 0.0% |
| Current assets | 29/58 | €517,971 | €1,042,809 | +€524,838 | +101% |
| Amounts receivable within one year | 40/41 | €436,680 | €224,317 | -€212,363 | -48.6% |
| Trade receivables | 40 | €126,299 | €192,766 | +€66,467 | +52.6% |
| Other amounts receivable | 41 | €310,380 | €31,551 | -€278,829 | -89.8% |
| Cash at bank and in hand | 54/58 | €81,291 | €818,492 | +€737,201 | +907% |
| Total equity and liabilities | 10/49 | €2,896,629 | €3,444,635 | +€548,006 | +18.9% |
| Equity | 10/15 | €2,764,872 | €3,166,187 | +€401,315 | +14.5% |
| Contributions | 10/11 | €298,800 | €298,800 | = | 0.0% |
| Capital | 10 | €298,800 | €298,800 | = | 0.0% |
| Issued capital | 100 | €298,800 | €298,800 | = | 0.0% |
| Reserves | 13 | €2,466,072 | €2,867,387 | +€401,315 | +16.3% |
| Non-distributable reserves | 130/1 | €29,880 | €29,880 | = | 0.0% |
| Legal reserve | 130 | €29,880 | €29,880 | = | 0.0% |
| Distributable reserves | 133 | €2,436,192 | €2,837,507 | +€401,315 | +16.5% |
| Amounts payable | 17/49 | €131,757 | €278,448 | +€146,691 | +111% |
| Amounts payable after more than one year | 17 | €56,957 | €89,435 | +€32,479 | +57.0% |
| Financial debts | 170/4 | €41,340 | €73,818 | +€32,479 | +78.6% |
| Credit institutions | 173 | €41,340 | €73,818 | +€32,479 | +78.6% |
| Other amounts payable | 178/9 | €15,617 | €15,617 | = | 0.0% |
| Amounts payable within one year | 42/48 | €74,800 | €189,013 | +€114,212 | +153% |
| Current portion of amounts payable after more than one year | 42 | €29,181 | €47,082 | +€17,901 | +61.3% |
| Trade debts | 44 | €3,956 | €107,181 | +€103,225 | +2,609% |
| Suppliers | 440/4 | €3,956 | €107,181 | +€103,225 | +2,609% |
| Taxes, remuneration and social security | 45 | €41,663 | €34,749 | -€6,914 | -16.6% |
| Taxes | 450/3 | €41,663 | €34,749 | -€6,914 | -16.6% |
| Operating income | 70/76A | €974,515 | €1,100,304 | +€125,788 | +12.9% |
| Turnover | 70 | €735,480 | €851,358 | +€115,878 | +15.8% |
| Other operating income | 74 | €239,035 | €248,946 | +€9,910 | +4.1% |
| Operating charges | 60/66A | €705,009 | €832,090 | +€127,082 | +18.0% |
| Services and other goods | 61 | €625,457 | €748,582 | +€123,125 | +19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,670 | €64,036 | +€3,366 | +5.5% |
| Other operating charges | 640/8 | €18,882 | €19,473 | +€591 | +3.1% |
| Operating profit (loss) | 9901 | €269,506 | €268,213 | -€1,293 | -0.5% |
| Financial income | 75/76B | €650,832 | €203,395 | -€447,436 | -68.7% |
| Recurring financial income | 75 | €650,832 | €203,395 | -€447,436 | -68.7% |
| Income from financial fixed assets | 750 | €650,000 | €200,000 | -€450,000 | -69.2% |
| Income from current assets | 751 | €832 | €3,395 | +€2,564 | +308% |
| Financial charges | 65/66B | €1,537 | €3,186 | +€1,648 | +107% |
| Recurring financial charges | 65 | €1,537 | €3,186 | +€1,648 | +107% |
| Debt charges | 650 | €1,326 | €2,683 | +€1,357 | +102% |
| Other financial charges | 652/9 | €211 | €503 | +€291 | +138% |
| Profit (loss) for the period before taxes | 9903 | €918,801 | €468,423 | -€450,378 | -49.0% |
| Income taxes | 67/77 | €69,749 | €67,108 | -€2,642 | -3.8% |
| Taxes | 670/3 | €69,749 | €67,108 | -€2,642 | -3.8% |
| Profit (loss) for the period | 9904 | €849,052 | €401,315 | -€447,736 | -52.7% |
| Profit (loss) for the period to be appropriated | 9905 | €849,052 | €401,315 | -€447,736 | -52.7% |
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 27 October 2026 via checked.be.