CertUp: 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.
CertUp
Largest movements
- Receivables within one year -€82,628
down €82,628 (-28.4%), from €290,928 to €208,300
- Intangible fixed assets +€67,800
up €67,800 (+235.9%), from €28,742 to €96,542
- Cash -€28,116
down €28,116 (-26.6%), from €105,628 to €77,512
mainly Investment in fixed assets (net) (-€124,076) and Contributions, distributions and other (-€101,667)
- Tangible fixed assets +€8,071
up €8,071 (+14.6%), from €55,206 to €63,277
- Accrued charges and deferred income -€78,002
down €78,002 (-39.3%), from €198,375 to €120,373
- Profit (loss) carried forward +€74,847
up €74,847 (+610.0%), from €12,270 to €87,117
- Debts after one year -€12,414
down €12,414 (-70.5%), from €17,619 to €5,205
- Trade debts -€10,850
down €10,850 (-11.9%), from €91,461 to €80,611
- Other debts -€6,606
down €6,606 (-6.1%), from €108,347 to €101,741
- Gross operating margin +€209,952
up €209,952 (+44.0%), from €477,219 to €687,171
- Staff costs +€61,858
up €61,858 (+19.0%), from €324,722 to €386,580
- Taxes +€30,951
up €30,951 (+79.1%), from €39,145 to €70,096
- Depreciation +€23,891
up €23,891 (+98.3%), from €24,314 to €48,205
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €609,185 | €574,921 | -€34,264 | -5.6% |
| Fixed assets | 21/28 | €207,823 | €283,694 | +€75,871 | +36.5% |
| Intangible fixed assets | 21 | €28,742 | €96,542 | +€67,800 | +235.9% |
| Tangible fixed assets | 22/27 | €55,206 | €63,277 | +€8,071 | +14.6% |
| Furniture and vehicles | 24 | €55,206 | €63,277 | +€8,071 | +14.6% |
| Financial fixed assets | 28 | €123,875 | €123,875 | = | 0.0% |
| Current assets | 29/58 | €401,362 | €291,227 | -€110,135 | -27.4% |
| Amounts receivable within one year | 40/41 | €290,928 | €208,300 | -€82,628 | -28.4% |
| Trade receivables | 40 | €290,928 | €208,300 | -€82,628 | -28.4% |
| Cash at bank and in hand | 54/58 | €105,628 | €77,512 | -€28,116 | -26.6% |
| Deferred charges and accrued income | 490/1 | €4,806 | €5,415 | +€609 | +12.7% |
| Total equity and liabilities | 10/49 | €609,185 | €574,921 | -€34,264 | -5.6% |
| Equity | 10/15 | €84,637 | €157,817 | +€73,180 | +86.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,270 | €87,117 | +€74,847 | +610.0% |
| Investment grants | 15 | €4,167 | €2,500 | -€1,667 | -40.0% |
| Amounts payable | 17/49 | €524,548 | €417,104 | -€107,444 | -20.5% |
| Amounts payable after more than one year | 17 | €17,619 | €5,205 | -€12,414 | -70.5% |
| Financial debts | 170/4 | €17,619 | €5,205 | -€12,414 | -70.5% |
| Amounts payable within one year | 42/48 | €308,554 | €291,526 | -€17,028 | -5.5% |
| Current portion of amounts payable after more than one year | 42 | €12,303 | €12,414 | +€111 | +0.9% |
| Trade debts | 44 | €91,461 | €80,611 | -€10,850 | -11.9% |
| Suppliers | 440/4 | €91,461 | €80,611 | -€10,850 | -11.9% |
| Taxes, remuneration and social security | 45 | €96,443 | €96,760 | +€317 | +0.3% |
| Taxes | 450/3 | €49,604 | €45,988 | -€3,616 | -7.3% |
| Remuneration and social security | 454/9 | €46,839 | €50,772 | +€3,933 | +8.4% |
| Other amounts payable | 47/48 | €108,347 | €101,741 | -€6,606 | -6.1% |
| Accrued charges and deferred income | 492/3 | €198,375 | €120,373 | -€78,002 | -39.3% |
| Remuneration, social security and pensions | 62 | €324,722 | €386,580 | +€61,858 | +19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,314 | €48,205 | +€23,891 | +98.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,564 | +€3,564 | |
| Other operating charges | 640/8 | €1,835 | €3,006 | +€1,171 | +63.8% |
| Non-recurring operating charges | 66A | - | €294 | +€294 | |
| Gross operating margin | 9900 | €477,219 | €687,171 | +€209,952 | +44.0% |
| Operating profit (loss) | 9901 | €126,348 | €245,522 | +€119,174 | +94.3% |
| Financial income | 75/76B | €970 | - | -€970 | |
| Recurring financial income | 75 | €970 | - | -€970 | |
| Financial charges | 65/66B | €810 | €579 | -€231 | -28.5% |
| Recurring financial charges | 65 | €810 | €579 | -€231 | -28.5% |
| Profit (loss) for the period before taxes | 9903 | €126,508 | €244,943 | +€118,435 | +93.6% |
| Income taxes | 67/77 | €39,145 | €70,096 | +€30,951 | +79.1% |
| Profit (loss) for the period | 9904 | €87,363 | €174,847 | +€87,484 | +100.1% |
| Profit (loss) for the period to be appropriated | 9905 | €87,363 | €174,847 | +€87,484 | +100.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.