Certuz: 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.
Certuz
Largest movements
- Receivables within one year +€34,822
up €34,822 (+76.2%), from €45,688 to €80,510
of which Trade receivables: +€32,164
- Tangible fixed assets -€8,350
down €8,350 (-7.6%), from €110,275 to €101,925
of which Plant, machinery and equipment: -€8,846
- Cash +€3,641
up €3,641 (+4.6%), from €78,665 to €82,306
mainly Net result for the year (+€57,285) and Other debts (+€24,197)
- Other debts +€24,197
up €24,197 (+40.4%), from €59,846 to €84,043
- Trade debts +€16,799
up €16,799 (+127.1%), from €13,219 to €30,019
- Debts after one year -€7,675
down €7,675 (-10.7%), from €71,649 to €63,973
- Tax, wage and social debts -€3,501
down €3,501 (-8.1%), from €43,393 to €39,892
of which Taxes: -€4,083
- Gross operating margin +€31,131
up €31,131 (+14.8%), from €209,928 to €241,060
- Depreciation +€4,370
up €4,370 (+43.9%), from €9,949 to €14,319
- Staff costs +€4,098
up €4,098 (+2.9%), from €142,959 to €147,057
- Taxes +€3,886
up €3,886 (+28.8%), from €13,471 to €17,357
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 | €242,063 | €271,743 | +€29,680 | +12.3% |
| Fixed assets | 21/28 | €110,275 | €101,925 | -€8,350 | -7.6% |
| Tangible fixed assets | 22/27 | €110,275 | €101,925 | -€8,350 | -7.6% |
| Land and buildings | 22 | €23,482 | €22,264 | -€1,218 | -5.2% |
| Plant, machinery and equipment | 23 | €78,447 | €69,601 | -€8,846 | -11.3% |
| Furniture and vehicles | 24 | €8,346 | €10,060 | +€1,714 | +20.5% |
| Current assets | 29/58 | €131,788 | €169,818 | +€38,030 | +28.9% |
| Amounts receivable within one year | 40/41 | €45,688 | €80,510 | +€34,822 | +76.2% |
| Trade receivables | 40 | €45,636 | €77,800 | +€32,164 | +70.5% |
| Other amounts receivable | 41 | €52 | €2,710 | +€2,658 | +5099.2% |
| Cash at bank and in hand | 54/58 | €78,665 | €82,306 | +€3,641 | +4.6% |
| Deferred charges and accrued income | 490/1 | €7,435 | €7,002 | -€433 | -5.8% |
| Total equity and liabilities | 10/49 | €242,063 | €271,743 | +€29,680 | +12.3% |
| Equity | 10/15 | €46,556 | €46,141 | -€415 | -0.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €45,100 | €45,100 | = | 0.0% |
| Distributable reserves | 133 | €45,100 | €45,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €456 | €41 | -€415 | -90.9% |
| Amounts payable | 17/49 | €195,508 | €225,602 | +€30,094 | +15.4% |
| Amounts payable after more than one year | 17 | €71,649 | €63,973 | -€7,675 | -10.7% |
| Financial debts | 170/4 | €71,649 | €63,973 | -€7,675 | -10.7% |
| Amounts payable within one year | 42/48 | €123,859 | €161,628 | +€37,769 | +30.5% |
| Current portion of amounts payable after more than one year | 42 | €7,401 | €7,675 | +€274 | +3.7% |
| Trade debts | 44 | €13,219 | €30,019 | +€16,799 | +127.1% |
| Suppliers | 440/4 | €13,219 | €30,019 | +€16,799 | +127.1% |
| Taxes, remuneration and social security | 45 | €43,393 | €39,892 | -€3,501 | -8.1% |
| Taxes | 450/3 | €26,368 | €22,285 | -€4,083 | -15.5% |
| Remuneration and social security | 454/9 | €17,025 | €17,607 | +€582 | +3.4% |
| Other amounts payable | 47/48 | €59,846 | €84,043 | +€24,197 | +40.4% |
| Remuneration, social security and pensions | 62 | €142,959 | €147,057 | +€4,098 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,949 | €14,319 | +€4,370 | +43.9% |
| Other operating charges | 640/8 | €1,659 | €833 | -€826 | -49.8% |
| Gross operating margin | 9900 | €209,928 | €241,060 | +€31,131 | +14.8% |
| Operating profit (loss) | 9901 | €55,362 | €78,851 | +€23,489 | +42.4% |
| Financial income | 75/76B | €0 | €163 | +€163 | +181211.1% |
| Recurring financial income | 75 | €0 | €163 | +€163 | +181211.1% |
| Financial charges | 65/66B | €4,310 | €4,372 | +€61 | +1.4% |
| Recurring financial charges | 65 | €4,310 | €4,372 | +€61 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | €51,051 | €74,642 | +€23,591 | +46.2% |
| Income taxes | 67/77 | €13,471 | €17,357 | +€3,886 | +28.8% |
| Profit (loss) for the period | 9904 | €37,581 | €57,285 | +€19,705 | +52.4% |
| Profit (loss) for the period to be appropriated | 9905 | €37,581 | €57,285 | +€19,705 | +52.4% |
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.