CERTIUS: 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.
CERTIUS
Largest movements
- Current investments -€200,000
down €200,000 (-100.0%), from €200,000 to €0
- Cash +€83,541
up €83,541 (+260.1%), from €32,120 to €115,661
mainly Current investments (+€200,000) and Net result for the year (+€100,526)
- Intangible fixed assets +€16,799
up €16,799 (+9.3%), from €180,665 to €197,464
- Other debts -€87,926
down €87,926 (-54.7%), from €160,827 to €72,902
- Debts after one year -€46,340
down €46,340 (-32.9%), from €140,988 to €94,648
- Tax, wage and social debts +€15,816
up €15,816 (+124.3%), from €12,725 to €28,542
of which Remuneration and social security: +€15,861
- Trade debts +€15,338
up €15,338 (+22.0%), from €69,750 to €85,088
- Gross operating margin -€10,636
down €10,636 (-2.9%), from €365,291 to €354,655
- Staff costs -€8,640
down €8,640 (-5.6%), from €155,294 to €146,654
- Depreciation +€7,632
up €7,632 (+12.9%), from €59,297 to €66,929
- Financial income -€6,351
down €6,351 (-67.4%), from €9,423 to €3,072
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.
Cash bridge derived
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 | €445,137 | €343,195 | -€101,942 | -22.9% |
| Fixed assets | 21/28 | €201,258 | €221,654 | +€20,396 | +10.1% |
| Intangible fixed assets | 21 | €180,665 | €197,464 | +€16,799 | +9.3% |
| Tangible fixed assets | 22/27 | €20,592 | €24,190 | +€3,597 | +17.5% |
| Land and buildings | 22 | €13,574 | €18,820 | +€5,247 | +38.7% |
| Furniture and vehicles | 24 | €7,019 | €5,369 | -€1,650 | -23.5% |
| Current assets | 29/58 | €243,879 | €121,541 | -€122,338 | -50.2% |
| Amounts receivable within one year | 40/41 | €8,316 | €4,850 | -€3,467 | -41.7% |
| Other amounts receivable | 41 | €8,316 | €4,850 | -€3,467 | -41.7% |
| Current investments | 50/53 | €200,000 | €0 | -€200,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €32,120 | €115,661 | +€83,541 | +260.1% |
| Deferred charges and accrued income | 490/1 | €3,443 | €1,030 | -€2,412 | -70.1% |
| Total equity and liabilities | 10/49 | €445,137 | €343,195 | -€101,942 | -22.9% |
| Equity | 10/15 | €15,000 | €15,526 | +€526 | +3.5% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €0 | €526 | +€526 | |
| Distributable reserves | 133 | €0 | €526 | +€526 | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €430,137 | €327,669 | -€102,467 | -23.8% |
| Amounts payable after more than one year | 17 | €140,988 | €94,648 | -€46,340 | -32.9% |
| Financial debts | 170/4 | €140,988 | €94,648 | -€46,340 | -32.9% |
| Amounts payable within one year | 42/48 | €288,999 | €232,871 | -€56,127 | -19.4% |
| Current portion of amounts payable after more than one year | 42 | €45,696 | €46,340 | +€644 | +1.4% |
| Trade debts | 44 | €69,750 | €85,088 | +€15,338 | +22.0% |
| Suppliers | 440/4 | €69,750 | €85,088 | +€15,338 | +22.0% |
| Taxes, remuneration and social security | 45 | €12,725 | €28,542 | +€15,816 | +124.3% |
| Taxes | 450/3 | €2,310 | €2,265 | -€45 | -1.9% |
| Remuneration and social security | 454/9 | €10,415 | €26,277 | +€15,861 | +152.3% |
| Other amounts payable | 47/48 | €160,827 | €72,902 | -€87,926 | -54.7% |
| Accrued charges and deferred income | 492/3 | €150 | €150 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €155,294 | €146,654 | -€8,640 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,297 | €66,929 | +€7,632 | +12.9% |
| Other operating charges | 640/8 | €3,158 | €3,147 | -€12 | -0.4% |
| Gross operating margin | 9900 | €365,291 | €354,655 | -€10,636 | -2.9% |
| Operating profit (loss) | 9901 | €147,542 | €137,926 | -€9,616 | -6.5% |
| Financial income | 75/76B | €9,423 | €3,072 | -€6,351 | -67.4% |
| Recurring financial income | 75 | €9,423 | €3,072 | -€6,351 | -67.4% |
| Financial charges | 65/66B | €7,709 | €4,412 | -€3,297 | -42.8% |
| Recurring financial charges | 65 | €7,709 | €4,412 | -€3,297 | -42.8% |
| Profit (loss) for the period before taxes | 9903 | €149,256 | €136,586 | -€12,670 | -8.5% |
| Income taxes | 67/77 | €33,774 | €36,061 | +€2,287 | +6.8% |
| Profit (loss) for the period | 9904 | €115,482 | €100,526 | -€14,957 | -13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €115,482 | €100,526 | -€14,957 | -13.0% |
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 11 October 2026 via checked.be.