CERTIWAL: what changed
Two fiscal 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.
CERTIWAL
Largest movements
- Tangible fixed assets -€5,217
down €5,217 (-15.1%), from €34,635 to €29,418
of which Furniture and vehicles: -€6,518
- Receivables within one year -€2,960
down €2,960 (-37.9%), from €7,814 to €4,854
of which Trade receivables: -€2,940
- Cash -€2,377
down €2,377 (-10.5%), from €22,532 to €20,155
mainly Contributions, distributions and other (-€28,571) and Tax, wage and social debts (-€9,942)
- Tax, wage and social debts -€9,942
down €9,942 (-56.9%), from €17,469 to €7,527
- Other debts +€2,894
up €2,894 (+25.2%), from €11,474 to €14,368
- Trade debts -€2,141
down €2,141 (-58.9%), from €3,637 to €1,496
- Profit (loss) carried forward -€1,365
down €1,365 (-4.5%), from €30,215 to €28,850
- Turnover -€8,283
down €8,283 (-9.5%), from €87,479 to €79,196
- Purchases and services -€5,684
down €5,684 (-15.6%), from €36,467 to €30,783
- Taxes -€2,802
down €2,802 (-20.4%), from €13,716 to €10,914
- Gross operating margin -€2,792
down €2,792 (-5.3%), from €52,999 to €50,207
- Financial income -€2,773
down €2,773 (-92.0%), from €3,015 to €242
of which Non-recurring financial income: -€3,015
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 | €64,981 | €54,427 | -€10,554 | -16.2% |
| Fixed assets | 21/28 | €34,635 | €29,418 | -€5,217 | -15.1% |
| Tangible fixed assets | 22/27 | €34,635 | €29,418 | -€5,217 | -15.1% |
| Plant, machinery and equipment | 23 | €7,822 | €7,563 | -€259 | -3.3% |
| Furniture and vehicles | 24 | €23,765 | €17,247 | -€6,518 | -27.4% |
| Other tangible fixed assets | 26 | €3,048 | €4,608 | +€1,560 | +51.2% |
| Current assets | 29/58 | €30,346 | €25,009 | -€5,337 | -17.6% |
| Amounts receivable within one year | 40/41 | €7,814 | €4,854 | -€2,960 | -37.9% |
| Trade receivables | 40 | €7,794 | €4,854 | -€2,940 | -37.7% |
| Other amounts receivable | 41 | €20 | - | -€20 | |
| Cash at bank and in hand | 54/58 | €22,532 | €20,155 | -€2,377 | -10.5% |
| Total equity and liabilities | 10/49 | €64,981 | €54,427 | -€10,554 | -16.2% |
| Equity | 10/15 | €32,401 | €31,036 | -€1,365 | -4.2% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €686 | €686 | = | 0.0% |
| Distributable reserves | 133 | €686 | €686 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,215 | €28,850 | -€1,365 | -4.5% |
| Amounts payable | 17/49 | €32,580 | €23,391 | -€9,189 | -28.2% |
| Amounts payable within one year | 42/48 | €32,580 | €23,391 | -€9,189 | -28.2% |
| Trade debts | 44 | €3,637 | €1,496 | -€2,141 | -58.9% |
| Suppliers | 440/4 | €3,637 | €1,496 | -€2,141 | -58.9% |
| Taxes, remuneration and social security | 45 | €17,469 | €7,527 | -€9,942 | -56.9% |
| Taxes | 450/3 | €17,469 | €7,527 | -€9,942 | -56.9% |
| Other amounts payable | 47/48 | €11,474 | €14,368 | +€2,894 | +25.2% |
| Turnover | 70 | €87,479 | €79,196 | -€8,283 | -9.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €36,467 | €30,783 | -€5,684 | -15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,503 | €10,493 | +€1,990 | +23.4% |
| Other operating charges | 640/8 | €1,383 | €1,430 | +€47 | +3.4% |
| Non-recurring operating charges | 66A | - | €233 | +€233 | |
| Gross operating margin | 9900 | €52,999 | €50,207 | -€2,792 | -5.3% |
| Operating profit (loss) | 9901 | €43,113 | €38,051 | -€5,062 | -11.7% |
| Financial income | 75/76B | €3,015 | €242 | -€2,773 | -92.0% |
| Recurring financial income | 75 | €3,015 | €242 | -€2,773 | -92.0% |
| Non-recurring financial income | 76B | €3,015 | - | -€3,015 | |
| Financial charges | 65/66B | €204 | €173 | -€31 | -15.2% |
| Recurring financial charges | 65 | €204 | €173 | -€31 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | €45,924 | €38,120 | -€7,804 | -17.0% |
| Income taxes | 67/77 | €13,716 | €10,914 | -€2,802 | -20.4% |
| Profit (loss) for the period | 9904 | €32,208 | €27,206 | -€5,002 | -15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €32,208 | €27,206 | -€5,002 | -15.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.