CERTUM: 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.
CERTUM
Largest movements
- Cash +€6,806
up €6,806 (+5671875.0%), from €0 to €6,806
mainly Other debts (+€36,125) and Depreciation (+€4,768)
- Tangible fixed assets -€6,768
down €6,768 (-13.4%), from €50,527 to €43,759
of which Land and buildings: -€4,200
- Other debts +€36,125
up €36,125 (+10.3%), from €350,162 to €386,287
- Profit (loss) carried forward -€21,455
down €21,455 (-7.7%), from -€278,403 to -€299,858
- Trade debts -€15,020
down €15,020 (-78.8%), from €19,060 to €4,040
- Gross operating margin +€39,649
up €39,649, from -€21,914 to €17,735
- Taxes +€26,855
up €26,855 (+32469.0%), from €83 to €26,938
- Other operating charges +€1,939
up €1,939 (+37.7%), from €5,146 to €7,085
- Depreciation -€248
down €248 (-4.9%), from €5,016 to €4,768
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 | €337,425 | €336,503 | -€922 | -0.3% |
| Fixed assets | 21/28 | €50,527 | €43,759 | -€6,768 | -13.4% |
| Tangible fixed assets | 22/27 | €50,527 | €43,759 | -€6,768 | -13.4% |
| Land and buildings | 22 | €47,763 | €43,563 | -€4,200 | -8.8% |
| Furniture and vehicles | 24 | €2,764 | €196 | -€2,568 | -92.9% |
| Current assets | 29/58 | €286,899 | €292,745 | +€5,846 | +2.0% |
| Amounts receivable within one year | 40/41 | €284,918 | €284,068 | -€850 | -0.3% |
| Trade receivables | 40 | €4,600 | €3,600 | -€1,000 | -21.7% |
| Other amounts receivable | 41 | €280,318 | €280,468 | +€150 | +0.1% |
| Cash at bank and in hand | 54/58 | €0 | €6,806 | +€6,806 | +5671875.0% |
| Deferred charges and accrued income | 490/1 | €1,981 | €1,870 | -€110 | -5.6% |
| Total equity and liabilities | 10/49 | €337,425 | €336,503 | -€922 | -0.3% |
| Equity | 10/15 | -€32,476 | -€53,930 | -€21,455 | -66.1% |
| Contributions | 10/11 | €242,000 | €242,000 | = | 0.0% |
| Capital | 10 | €242,000 | €242,000 | = | 0.0% |
| Issued capital | 100 | €242,000 | €242,000 | = | 0.0% |
| Reserves | 13 | €3,927 | €3,927 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,927 | €3,927 | = | 0.0% |
| Legal reserve | 130 | €3,927 | €3,927 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€278,403 | -€299,858 | -€21,455 | -7.7% |
| Amounts payable | 17/49 | €369,901 | €390,434 | +€20,533 | +5.6% |
| Amounts payable within one year | 42/48 | €369,901 | €390,434 | +€20,533 | +5.6% |
| Financial debts | 43 | €127 | €0 | -€127 | -100.0% |
| Credit institutions | 430/8 | €127 | €0 | -€127 | -100.0% |
| Trade debts | 44 | €19,060 | €4,040 | -€15,020 | -78.8% |
| Suppliers | 440/4 | €19,060 | €4,040 | -€15,020 | -78.8% |
| Taxes, remuneration and social security | 45 | €552 | €107 | -€446 | -80.7% |
| Taxes | 450/3 | €552 | €107 | -€446 | -80.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €350,162 | €386,287 | +€36,125 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,016 | €4,768 | -€248 | -4.9% |
| Other operating charges | 640/8 | €5,146 | €7,085 | +€1,939 | +37.7% |
| Gross operating margin | 9900 | -€21,914 | €17,735 | +€39,649 | |
| Operating profit (loss) | 9901 | -€32,076 | €5,882 | +€37,958 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +28.6% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +28.6% |
| Financial charges | 65/66B | €181 | €399 | +€218 | +120.4% |
| Recurring financial charges | 65 | €181 | €399 | +€218 | +120.4% |
| Profit (loss) for the period before taxes | 9903 | -€32,257 | €5,483 | +€37,740 | |
| Income taxes | 67/77 | €83 | €26,938 | +€26,855 | +32469.0% |
| Profit (loss) for the period | 9904 | -€32,340 | -€21,455 | +€10,885 | +33.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,340 | -€21,455 | +€10,885 | +33.7% |
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 5 October 2026 via checked.be.