CERTITECH: 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.
CERTITECH
Largest movements
- Receivables within one year +€31,405
up €31,405 (+26.3%), from €119,407 to €150,812
of which Other amounts receivable: +€28,132
- Cash +€11,779
up €11,779 (+348.2%), from €3,383 to €15,162
mainly Net result for the year (+€28,228) and Tax, wage and social debts (+€18,702)
- Deferred charges and accrued income +€6,716
up €6,716 (+2180.5%), from €308 to €7,024
- Profit (loss) carried forward +€28,228
up €28,228 (+132.8%), from €21,257 to €49,485
- Tax, wage and social debts +€18,702
up €18,702 (+135.5%), from €13,800 to €32,502
- Trade debts +€2,142
up €2,142 (+59.3%), from €3,615 to €5,757
- Gross operating margin +€8,996
up €8,996 (+19.7%), from €45,592 to €54,588
- Other operating charges +€2,623
up €2,623 (+195.6%), from €1,341 to €3,964
- Depreciation -€1,970
down €1,970 (-19.1%), from €10,298 to €8,328
- Taxes -€1,960
down €1,960 (-12.6%), from €15,587 to €13,627
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €143,570 | €192,355 | +€48,785 | +34.0% |
| Fixed assets | 21/28 | €20,472 | €19,357 | -€1,115 | -5.4% |
| Tangible fixed assets | 22/27 | €20,437 | €19,322 | -€1,115 | -5.5% |
| Land and buildings | 22 | €732 | €657 | -€75 | -10.2% |
| Plant, machinery and equipment | 23 | €8,053 | €6,997 | -€1,056 | -13.1% |
| Furniture and vehicles | 24 | €3,016 | €4,303 | +€1,287 | +42.7% |
| Other tangible fixed assets | 26 | €8,636 | €7,365 | -€1,271 | -14.7% |
| Financial fixed assets | 28 | €35 | €35 | = | 0.0% |
| Current assets | 29/58 | €123,098 | €172,998 | +€49,900 | +40.5% |
| Amounts receivable within one year | 40/41 | €119,407 | €150,812 | +€31,405 | +26.3% |
| Trade receivables | 40 | €30,355 | €33,628 | +€3,273 | +10.8% |
| Other amounts receivable | 41 | €89,052 | €117,184 | +€28,132 | +31.6% |
| Cash at bank and in hand | 54/58 | €3,383 | €15,162 | +€11,779 | +348.2% |
| Deferred charges and accrued income | 490/1 | €308 | €7,024 | +€6,716 | +2180.5% |
| Total equity and liabilities | 10/49 | €143,570 | €192,355 | +€48,785 | +34.0% |
| Equity | 10/15 | €125,868 | €154,096 | +€28,228 | +22.4% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €42,638 | €42,638 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €36,441 | €36,441 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,257 | €49,485 | +€28,228 | +132.8% |
| Amounts payable | 17/49 | €17,702 | €38,259 | +€20,557 | +116.1% |
| Amounts payable within one year | 42/48 | €17,702 | €38,259 | +€20,557 | +116.1% |
| Trade debts | 44 | €3,615 | €5,757 | +€2,142 | +59.3% |
| Suppliers | 440/4 | €3,615 | €5,757 | +€2,142 | +59.3% |
| Taxes, remuneration and social security | 45 | €13,800 | €32,502 | +€18,702 | +135.5% |
| Taxes | 450/3 | €13,800 | €32,502 | +€18,702 | +135.5% |
| Other amounts payable | 47/48 | €287 | - | -€287 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,298 | €8,328 | -€1,970 | -19.1% |
| Other operating charges | 640/8 | €1,341 | €3,964 | +€2,623 | +195.6% |
| Gross operating margin | 9900 | €45,592 | €54,588 | +€8,996 | +19.7% |
| Operating profit (loss) | 9901 | €33,953 | €42,296 | +€8,343 | +24.6% |
| Financial charges | 65/66B | €590 | €441 | -€149 | -25.3% |
| Recurring financial charges | 65 | €590 | €441 | -€149 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | €33,363 | €41,855 | +€8,492 | +25.5% |
| Income taxes | 67/77 | €15,587 | €13,627 | -€1,960 | -12.6% |
| Profit (loss) for the period | 9904 | €17,776 | €28,228 | +€10,452 | +58.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,776 | €28,228 | +€10,452 | +58.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2022 and 30 June 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.