Certus Global Logistics: 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.
Certus Global Logistics
Largest movements
- Receivables within one year +€127,359
up €127,359 (+48.1%), from €264,648 to €392,006
- Current investments -€100,861
down €100,861 (-62.0%), from €162,646 to €61,785
- Financial fixed assets +€12,395
up €12,395 (+73.0%), from €16,970 to €29,364
- Trade debts +€20,763
up €20,763 (+5.0%), from €413,950 to €434,713
- Reserves +€20,595
up €20,595 (+148.0%), from €13,917 to €34,512
- Short-term financial debts -€9,084
no longer reported in 2025 (was €9,084)
- Tax, wage and social debts +€6,618
up €6,618 (+286.1%), from €2,313 to €8,931
- Write-downs -€37,424
no longer reported in 2025 (was €37,424)
- Gross operating margin -€28,876
down €28,876 (-46.0%), from €62,755 to €33,879
- Financial income +€2,668
new in 2025: €2,668
- Taxes +€2,228
up €2,228 (+64.7%), from €3,441 to €5,669
- Financial charges +€1,789
up €1,789 (+21.3%), from €8,398 to €10,187
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €444,263 | €483,156 | +€38,893 | +8.8% |
| Fixed assets | 21/28 | €16,970 | €29,364 | +€12,395 | +73.0% |
| Financial fixed assets | 28 | €16,970 | €29,364 | +€12,395 | +73.0% |
| Current assets | 29/58 | €427,294 | €453,792 | +€26,498 | +6.2% |
| Amounts receivable within one year | 40/41 | €264,648 | €392,006 | +€127,359 | +48.1% |
| Trade receivables | 40 | €264,648 | €392,006 | +€127,359 | +48.1% |
| Current investments | 50/53 | €162,646 | €61,785 | -€100,861 | -62.0% |
| Total equity and liabilities | 10/49 | €444,263 | €483,156 | +€38,893 | +8.8% |
| Equity | 10/15 | €18,917 | €39,512 | +€20,595 | +108.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €13,917 | €34,512 | +€20,595 | +148.0% |
| Distributable reserves | 133 | €13,917 | €34,512 | +€20,595 | +148.0% |
| Amounts payable | 17/49 | €425,347 | €443,644 | +€18,297 | +4.3% |
| Amounts payable within one year | 42/48 | €425,347 | €443,644 | +€18,297 | +4.3% |
| Financial debts | 43 | €9,084 | - | -€9,084 | |
| Credit institutions | 430/8 | €9,084 | - | -€9,084 | |
| Trade debts | 44 | €413,950 | €434,713 | +€20,763 | +5.0% |
| Suppliers | 440/4 | €413,950 | €434,713 | +€20,763 | +5.0% |
| Taxes, remuneration and social security | 45 | €2,313 | €8,931 | +€6,618 | +286.1% |
| Taxes | 450/3 | €2,313 | €8,931 | +€6,618 | +286.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €37,424 | - | -€37,424 | |
| Other operating charges | 640/8 | €118 | €96 | -€22 | -18.8% |
| Gross operating margin | 9900 | €62,755 | €33,879 | -€28,876 | -46.0% |
| Operating profit (loss) | 9901 | €25,213 | €33,783 | +€8,570 | +34.0% |
| Financial income | 75/76B | - | €2,668 | +€2,668 | |
| Recurring financial income | 75 | - | €2,668 | +€2,668 | |
| Financial charges | 65/66B | €8,398 | €10,187 | +€1,789 | +21.3% |
| Recurring financial charges | 65 | €8,398 | €10,187 | +€1,789 | +21.3% |
| Profit (loss) for the period before taxes | 9903 | €16,815 | €26,265 | +€9,449 | +56.2% |
| Income taxes | 67/77 | €3,441 | €5,669 | +€2,228 | +64.7% |
| Profit (loss) for the period | 9904 | €13,374 | €20,595 | +€7,221 | +54.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,374 | €20,595 | +€7,221 | +54.0% |
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 8 October 2026 via checked.be.