CERTUS RVS: what changed
Two financial 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 RVS
Largest movements
- Receivables within one year +€37,808
up €37,808 (+23.4%), from €161,352 to €199,161
of which Trade receivables: +€46,586
- Cash +€31,445
up €31,445 (+170.1%), from €18,485 to €49,931
mainly Net result for the year (+€57,023) and Tax, wage and social debts (+€14,049)
- Tangible fixed assets +€8,564
up €8,564 (+32.0%), from €26,764 to €35,328
of which Furniture and vehicles: +€13,037
- Profit (loss) carried forward +€57,023
up €57,023 (+51.3%), from €111,181 to €168,205
- Tax, wage and social debts +€14,049
up €14,049 (+57.6%), from €24,411 to €38,460
of which Taxes: +€17,123
- Trade debts -€9,184
down €9,184 (-18.2%), from €50,405 to €41,221
- Current portion of long-term debt +€8,895
up €8,895 (+168.4%), from €5,281 to €14,176
- Debts after one year +€6,984
new in 2025: €6,984
- Gross operating margin +€58,759
up €58,759 (+86.5%), from €67,966 to €126,725
- Staff costs -€31,938
down €31,938 (-36.3%), from €87,985 to €56,046
- Taxes +€7,573
new in 2025: €7,573
- Depreciation -€2,686
down €2,686 (-21.2%), from €12,671 to €9,986
- Financial income -€1,416
down €1,416 (-19.3%), from €7,335 to €5,919
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 | €212,867 | €290,634 | +€77,768 | +36.5% |
| Fixed assets | 21/28 | €32,279 | €40,843 | +€8,564 | +26.5% |
| Tangible fixed assets | 22/27 | €26,764 | €35,328 | +€8,564 | +32.0% |
| Land and buildings | 22 | €4,021 | €2,166 | -€1,855 | -46.1% |
| Plant, machinery and equipment | 23 | €4,174 | €1,555 | -€2,618 | -62.7% |
| Furniture and vehicles | 24 | €18,570 | €31,607 | +€13,037 | +70.2% |
| Financial fixed assets | 28 | €5,515 | €5,515 | = | 0.0% |
| Current assets | 29/58 | €180,588 | €249,791 | +€69,204 | +38.3% |
| Stocks and contracts in progress | 3 | €750 | €700 | -€50 | -6.7% |
| Stocks | 30/36 | €750 | €700 | -€50 | -6.7% |
| Amounts receivable within one year | 40/41 | €161,352 | €199,161 | +€37,808 | +23.4% |
| Trade receivables | 40 | €46,258 | €92,844 | +€46,586 | +100.7% |
| Other amounts receivable | 41 | €115,094 | €106,316 | -€8,778 | -7.6% |
| Cash at bank and in hand | 54/58 | €18,485 | €49,931 | +€31,445 | +170.1% |
| Total equity and liabilities | 10/49 | €212,867 | €290,634 | +€77,768 | +36.5% |
| Equity | 10/15 | €131,641 | €188,665 | +€57,023 | +43.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €111,181 | €168,205 | +€57,023 | +51.3% |
| Amounts payable | 17/49 | €81,225 | €101,970 | +€20,744 | +25.5% |
| Amounts payable after more than one year | 17 | - | €6,984 | +€6,984 | |
| Financial debts | 170/4 | - | €6,984 | +€6,984 | |
| Amounts payable within one year | 42/48 | €81,225 | €94,985 | +€13,760 | +16.9% |
| Current portion of amounts payable after more than one year | 42 | €5,281 | €14,176 | +€8,895 | +168.4% |
| Financial debts | 43 | €30 | €30 | = | 0.0% |
| Credit institutions | 430/8 | €30 | €30 | = | 0.0% |
| Trade debts | 44 | €50,405 | €41,221 | -€9,184 | -18.2% |
| Suppliers | 440/4 | €50,405 | €41,221 | -€9,184 | -18.2% |
| Taxes, remuneration and social security | 45 | €24,411 | €38,460 | +€14,049 | +57.6% |
| Taxes | 450/3 | €13,637 | €30,760 | +€17,123 | +125.6% |
| Remuneration and social security | 454/9 | €10,774 | €7,700 | -€3,074 | -28.5% |
| Other amounts payable | 47/48 | €1,099 | €1,099 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €87,985 | €56,046 | -€31,938 | -36.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,671 | €9,986 | -€2,686 | -21.2% |
| Other operating charges | 640/8 | €732 | €349 | -€382 | -52.3% |
| Gross operating margin | 9900 | €67,966 | €126,725 | +€58,759 | +86.5% |
| Operating profit (loss) | 9901 | -€33,422 | €60,343 | +€93,765 | |
| Financial income | 75/76B | €7,335 | €5,919 | -€1,416 | -19.3% |
| Recurring financial income | 75 | €7,335 | €5,919 | -€1,416 | -19.3% |
| Financial charges | 65/66B | €2,207 | €1,666 | -€541 | -24.5% |
| Recurring financial charges | 65 | €2,207 | €1,666 | -€541 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | -€28,294 | €64,596 | +€92,890 | |
| Income taxes | 67/77 | - | €7,573 | +€7,573 | |
| Profit (loss) for the period | 9904 | -€28,294 | €57,023 | +€85,317 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,294 | €57,023 | +€85,317 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.