CERTOO: 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.
CERTOO
Largest movements
- Cash +€100,267
up €100,267 (+977.8%), from €10,254 to €110,522
mainly Trade debts (+€121,203) and Tax, wage and social debts (+€60,381)
- Receivables within one year +€77,294
up €77,294 (+105.0%), from €73,593 to €150,888
of which Trade receivables: +€84,412
- Financial fixed assets +€5,700
new in 2025: €5,700
- Trade debts +€121,203
up €121,203 (+124.2%), from €97,579 to €218,782
- Tax, wage and social debts +€60,381
up €60,381 (+533.8%), from €11,312 to €71,693
of which Taxes: +€30,909
- Turnover +€1.2m
new in 2025: €1.2m
- Gross operating margin +€166,616
up €166,616 (+208.9%), from €79,746 to €246,362
- Staff costs +€153,580
up €153,580 (+210.0%), from €73,140 to €226,720
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 | €112,581 | €295,848 | +€183,267 | +162.8% |
| Fixed assets | 21/28 | €10,862 | €15,741 | +€4,879 | +44.9% |
| Tangible fixed assets | 22/27 | €10,862 | €10,041 | -€821 | -7.6% |
| Plant, machinery and equipment | 23 | €4,474 | €4,720 | +€246 | +5.5% |
| Furniture and vehicles | 24 | €6,388 | €5,321 | -€1,067 | -16.7% |
| Financial fixed assets | 28 | - | €5,700 | +€5,700 | |
| Current assets | 29/58 | €101,719 | €280,107 | +€178,388 | +175.4% |
| Amounts receivable within one year | 40/41 | €73,593 | €150,888 | +€77,294 | +105.0% |
| Trade receivables | 40 | €66,458 | €150,870 | +€84,412 | +127.0% |
| Other amounts receivable | 41 | €7,135 | €17 | -€7,118 | -99.8% |
| Cash at bank and in hand | 54/58 | €10,254 | €110,522 | +€100,267 | +977.8% |
| Deferred charges and accrued income | 490/1 | €17,871 | €18,698 | +€827 | +4.6% |
| Total equity and liabilities | 10/49 | €112,581 | €295,848 | +€183,267 | +162.8% |
| Equity | 10/15 | €3,275 | €4,822 | +€1,548 | +47.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €275 | €1,822 | +€1,548 | +563.8% |
| Amounts payable | 17/49 | €109,307 | €291,026 | +€181,719 | +166.2% |
| Amounts payable within one year | 42/48 | €108,891 | €290,475 | +€181,584 | +166.8% |
| Trade debts | 44 | €97,579 | €218,782 | +€121,203 | +124.2% |
| Suppliers | 440/4 | €97,579 | €218,782 | +€121,203 | +124.2% |
| Taxes, remuneration and social security | 45 | €11,312 | €71,693 | +€60,381 | +533.8% |
| Taxes | 450/3 | €2,462 | €33,371 | +€30,909 | +1255.3% |
| Remuneration and social security | 454/9 | €8,850 | €38,323 | +€29,473 | +333.0% |
| Accrued charges and deferred income | 492/3 | €416 | €551 | +€135 | +32.4% |
| Turnover | 70 | - | €1,223,738 | +€1.2m | |
| Remuneration, social security and pensions | 62 | €73,140 | €226,720 | +€153,580 | +210.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €875 | €3,506 | +€2,631 | +300.8% |
| Other operating charges | 640/8 | €46 | €142 | +€96 | +208.7% |
| Gross operating margin | 9900 | €79,746 | €246,362 | +€166,616 | +208.9% |
| Operating profit (loss) | 9901 | €5,686 | €15,994 | +€10,308 | +181.3% |
| Financial income | 75/76B | €49 | €10 | -€39 | -79.2% |
| Recurring financial income | 75 | €49 | €10 | -€39 | -79.2% |
| Financial charges | 65/66B | €2,998 | €9,839 | +€6,841 | +228.2% |
| Recurring financial charges | 65 | €2,998 | €9,839 | +€6,841 | +228.2% |
| Profit (loss) for the period before taxes | 9903 | €2,737 | €6,165 | +€3,428 | +125.3% |
| Income taxes | 67/77 | €2,462 | €4,617 | +€2,155 | +87.5% |
| Profit (loss) for the period | 9904 | €275 | €1,548 | +€1,273 | +463.8% |
| Profit (loss) for the period to be appropriated | 9905 | €275 | €1,548 | +€1,273 | +463.8% |
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 1 October 2026 via checked.be.