CERTUM ENGINEERING: what changed
What changed
CERTUM ENGINEERING
NACE 29.201, Manufacture of motor vehicles, trailers and semi-trailers
filed annual accounts (NBB)
Net result for the year
€44,592
2024 · €903+€43,689
Equity
€99,874
2024 · €99,283+€592
Cash
€56,345
2024 · €131+€56,214
Balance sheet total
€782,144
2024 · €931,575-€149,430
Largest movements
Assets
- Receivables within one year -€107,321
down €107,321 (-35.8%), from €300,124 to €192,802
of which Trade receivables: -€110,434
- Tangible fixed assets -€57,524
down €57,524 (-17.0%), from €338,394 to €280,870
- Cash +€56,214
up €56,214 (+43,033%), from €131 to €56,345
mainly Receivables within one year (+€107,321) and Depreciation (+€78,814)
- Receivables after one year -€31,548
down €31,548 (-20.3%), from €155,397 to €123,849
- Intangible fixed assets -€18,044
down €18,044 (-22.5%), from €80,024 to €61,980
Equity and liabilities
- Debts after one year -€76,064
down €76,064 (-36.8%), from €206,545 to €130,481
- Tax, wage and social debts -€51,377
down €51,377 (-37.0%), from €138,928 to €87,551
of which Taxes: -€28,734
- Other debts +€44,000
new in 2025: €44,000
- Trade debts -€27,341
down €27,341 (-11.3%), from €241,647 to €214,306
- Short-term financial debts -€20,086
down €20,086 (-11.6%), from €172,588 to €152,502
Income statement
- Gross operating margin +€74,207
up €74,207 (+16.5%), from €448,933 to €523,141
- Staff costs +€44,190
up €44,190 (+14.3%), from €307,975 to €352,166
- Write-downs -€13,666
down €13,666 (-53.3%), from €25,625 to €11,960
- Financial charges -€10,420
down €10,420 (-33.7%), from €30,960 to €20,540
- Taxes +€7,701
up €7,701 (+762%), from €1,011 to €8,711
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€903
Gross operating margin
+€74,207
Staff costs
-€44,190
Depreciation
+€2,352
Write-downs
+€13,666
Other operating charges
-€192
Other operating items
-€4,979
Financial income
+€106
Financial charges
+€10,420
Taxes
-€7,701
Result 2025
€44,592
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€209,543
Investment
-€3,246
Financing
-€150,083
Cash 2024
€131
From operations (derived)
+€209,543
Net result for the year
+€44,592
Depreciation
+€78,814
Receivables after one year
+€31,548
Receivables within one year
+€107,321
Deferred charges and accrued income
-€8,793
Trade debts
-€27,341
Tax, wage and social debts
-€51,377
Other debts
+€44,000
Accrued charges and deferred income
-€9,221
Investment (derived)
-€3,246
Investment in fixed assets (net)
-€3,246
Financing
-€150,083
Debts after one year
-€76,064
Current portion of long-term debt
-€9,933
Short-term financial debts
-€20,086
Contributions, distributions and other
-€44,000
Cash 2025
€56,345
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €931,575 | €782,144 | -€149,430 | -16.0% |
| Fixed assets | 21/28 | €418,418 | €342,850 | -€75,568 | -18.1% |
| Intangible fixed assets | 21 | €80,024 | €61,980 | -€18,044 | -22.5% |
| Tangible fixed assets | 22/27 | €338,394 | €280,870 | -€57,524 | -17.0% |
| Land and buildings | 22 | €176,310 | €164,029 | -€12,282 | -7.0% |
| Plant, machinery and equipment | 23 | €70,696 | €54,010 | -€16,686 | -23.6% |
| Furniture and vehicles | 24 | €17,281 | €11,527 | -€5,755 | -33.3% |
| Leasing and similar rights | 25 | €73,234 | €50,701 | -€22,533 | -30.8% |
| Other tangible fixed assets | 26 | €872 | €604 | -€269 | -30.8% |
| Current assets | 29/58 | €513,157 | €439,294 | -€73,863 | -14.4% |
| Amounts receivable after more than one year | 29 | €155,397 | €123,849 | -€31,548 | -20.3% |
| Other amounts receivable | 291 | €155,397 | €123,849 | -€31,548 | -20.3% |
| Amounts receivable within one year | 40/41 | €300,124 | €192,802 | -€107,321 | -35.8% |
| Trade receivables | 40 | €299,914 | €189,480 | -€110,434 | -36.8% |
| Other amounts receivable | 41 | €209 | €3,322 | +€3,113 | +1,486% |
| Cash at bank and in hand | 54/58 | €131 | €56,345 | +€56,214 | +43,033% |
| Deferred charges and accrued income | 490/1 | €57,506 | €66,299 | +€8,793 | +15.3% |
| Total equity and liabilities | 10/49 | €931,575 | €782,144 | -€149,430 | -16.0% |
| Equity | 10/15 | €99,283 | €99,874 | +€592 | +0.6% |
| Contributions | 10/11 | €11,200 | €11,200 | = | 0.0% |
| Reserves | 13 | €33,110 | €33,110 | = | 0.0% |
| Tax-exempt reserves | 132 | €31,250 | €31,250 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,973 | €55,564 | +€592 | +1.1% |
| Amounts payable | 17/49 | €832,292 | €682,270 | -€150,022 | -18.0% |
| Amounts payable after more than one year | 17 | €206,545 | €130,481 | -€76,064 | -36.8% |
| Financial debts | 170/4 | €206,545 | €130,481 | -€76,064 | -36.8% |
| Amounts payable within one year | 42/48 | €616,526 | €551,789 | -€64,736 | -10.5% |
| Current portion of amounts payable after more than one year | 42 | €63,363 | €53,430 | -€9,933 | -15.7% |
| Financial debts | 43 | €172,588 | €152,502 | -€20,086 | -11.6% |
| Credit institutions | 430/8 | €172,588 | €152,502 | -€20,086 | -11.6% |
| Trade debts | 44 | €241,647 | €214,306 | -€27,341 | -11.3% |
| Suppliers | 440/4 | €241,647 | €214,306 | -€27,341 | -11.3% |
| Taxes, remuneration and social security | 45 | €138,928 | €87,551 | -€51,377 | -37.0% |
| Taxes | 450/3 | €51,526 | €22,792 | -€28,734 | -55.8% |
| Remuneration and social security | 454/9 | €87,402 | €64,759 | -€22,642 | -25.9% |
| Other amounts payable | 47/48 | - | €44,000 | +€44,000 | |
| Accrued charges and deferred income | 492/3 | €9,221 | €0 | -€9,221 | -100% |
| Remuneration, social security and pensions | 62 | €307,975 | €352,166 | +€44,190 | +14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,165 | €78,814 | -€2,352 | -2.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €25,625 | €11,960 | -€13,666 | -53.3% |
| Other operating charges | 640/8 | €2,329 | €2,521 | +€192 | +8.2% |
| Non-recurring operating charges | 66A | - | €4,979 | +€4,979 | |
| Gross operating margin | 9900 | €448,933 | €523,141 | +€74,207 | +16.5% |
| Operating profit (loss) | 9901 | €31,838 | €72,702 | +€40,864 | +128% |
| Financial income | 75/76B | €1,035 | €1,141 | +€106 | +10.2% |
| Recurring financial income | 75 | €1,035 | €1,141 | +€106 | +10.2% |
| Financial charges | 65/66B | €30,960 | €20,540 | -€10,420 | -33.7% |
| Recurring financial charges | 65 | €30,960 | €20,540 | -€10,420 | -33.7% |
| Profit (loss) for the period before taxes | 9903 | €1,913 | €53,303 | +€51,390 | +2,686% |
| Income taxes | 67/77 | €1,011 | €8,711 | +€7,701 | +762% |
| Profit (loss) for the period | 9904 | €903 | €44,592 | +€43,689 | +4,840% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €903 | €44,592 | +€43,689 | +4,840% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.