PS TESTWARE: 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.
PS TESTWARE
Largest movements
- Intangible fixed assets +€72,153
up €72,153 (+17.9%), from €402,078 to €474,231
- Receivables within one year -€56,899
down €56,899 (-12.9%), from €441,250 to €384,351
of which Trade receivables: -€55,203
- Cash -€46,588
down €46,588 (-59.1%), from €78,765 to €32,177
- Profit (loss) carried forward -€802,143
down €802,143 (-111.6%), from -€718,718 to -€1.5m
- Contributions +€539,000
up €539,000 (+80.8%), from €666,733 to €1.2m
of which Capital: +€539,000
- Other debts +€87,765
up €87,765 (+7.9%), from €1.1m to €1.2m
- Tax, wage and social debts +€78,761
up €78,761 (+23.3%), from €338,548 to €417,308
of which Remuneration and social security: +€64,770
- Trade debts +€67,367
up €67,367 (+56.9%), from €118,366 to €185,733
- Staff costs +€789,148
up €789,148 (+102.2%), from €772,175 to €1.6m
- Gross operating margin +€696,993
up €696,993 (+97.5%), from €714,764 to €1.4m
- Depreciation +€256,259
up €256,259 (+204.2%), from €125,520 to €381,779
- Financial income -€244,688
down €244,688 (-97.9%), from €250,005 to €5,316
of which Non-recurring financial income: -€250,000
- Financial charges +€125,558
up €125,558 (+180.0%), from €69,763 to €195,321
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,964,598 | €1,932,815 | -€31,784 | -1.6% |
| Fixed assets | 21/28 | €1,440,889 | €1,512,706 | +€71,817 | +5.0% |
| Intangible fixed assets | 21 | €402,078 | €474,231 | +€72,153 | +17.9% |
| Tangible fixed assets | 22/27 | €336 | - | -€336 | |
| Furniture and vehicles | 24 | €336 | - | -€336 | |
| Financial fixed assets | 28 | €1,038,475 | €1,038,475 | = | 0.0% |
| Current assets | 29/58 | €523,710 | €420,109 | -€103,601 | -19.8% |
| Amounts receivable within one year | 40/41 | €441,250 | €384,351 | -€56,899 | -12.9% |
| Trade receivables | 40 | €427,880 | €372,678 | -€55,203 | -12.9% |
| Other amounts receivable | 41 | €13,370 | €11,673 | -€1,697 | -12.7% |
| Current investments | 50/53 | €3,368 | €3,368 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €78,765 | €32,177 | -€46,588 | -59.1% |
| Deferred charges and accrued income | 490/1 | €328 | €214 | -€114 | -34.7% |
| Total equity and liabilities | 10/49 | €1,964,598 | €1,932,815 | -€31,784 | -1.6% |
| Equity | 10/15 | €16,352 | -€246,791 | -€263,143 | |
| Contributions | 10/11 | €666,733 | €1,205,733 | +€539,000 | +80.8% |
| Capital | 10 | €649,695 | €1,188,695 | +€539,000 | +83.0% |
| Issued capital | 100 | €649,695 | €1,188,695 | +€539,000 | +83.0% |
| Outside capital | 11 | €17,039 | €17,039 | = | 0.0% |
| Share premium | 1100/10 | €17,039 | €17,039 | = | 0.0% |
| Reserves | 13 | €68,337 | €68,337 | = | 0.0% |
| Non-distributable reserves | 130/1 | €68,337 | €68,337 | = | 0.0% |
| Legal reserve | 130 | €64,969 | €64,969 | = | 0.0% |
| Own shares acquired | 1312 | €3,368 | €3,368 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€718,718 | -€1,520,861 | -€802,143 | -111.6% |
| Amounts payable | 17/49 | €1,948,246 | €2,179,606 | +€231,360 | +11.9% |
| Amounts payable within one year | 42/48 | €1,947,114 | €2,179,606 | +€232,492 | +11.9% |
| Current portion of amounts payable after more than one year | 42 | €1,401 | - | -€1,401 | |
| Financial debts | 43 | €375,000 | €375,000 | = | 0.0% |
| Credit institutions | 430/8 | €375,000 | €375,000 | = | 0.0% |
| Trade debts | 44 | €118,366 | €185,733 | +€67,367 | +56.9% |
| Suppliers | 440/4 | €118,366 | €185,733 | +€67,367 | +56.9% |
| Taxes, remuneration and social security | 45 | €338,548 | €417,308 | +€78,761 | +23.3% |
| Taxes | 450/3 | €142,301 | €156,292 | +€13,991 | +9.8% |
| Remuneration and social security | 454/9 | €196,246 | €261,016 | +€64,770 | +33.0% |
| Other amounts payable | 47/48 | €1,113,799 | €1,201,564 | +€87,765 | +7.9% |
| Accrued charges and deferred income | 492/3 | €1,133 | - | -€1,133 | |
| Remuneration, social security and pensions | 62 | €772,175 | €1,561,323 | +€789,148 | +102.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €125,520 | €381,779 | +€256,259 | +204.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€3,245 | -€3,245 | |
| Other operating charges | 640/8 | €20,578 | €81,336 | +€60,758 | +295.3% |
| Gross operating margin | 9900 | €714,764 | €1,411,758 | +€696,993 | +97.5% |
| Operating profit (loss) | 9901 | -€203,508 | -€609,435 | -€405,927 | -199.5% |
| Financial income | 75/76B | €250,005 | €5,316 | -€244,688 | -97.9% |
| Recurring financial income | 75 | €5 | €5,316 | +€5,312 | +115976.4% |
| Non-recurring financial income | 76B | €250,000 | - | -€250,000 | |
| Financial charges | 65/66B | €69,763 | €195,321 | +€125,558 | +180.0% |
| Recurring financial charges | 65 | €69,763 | €195,321 | +€125,558 | +180.0% |
| Profit (loss) for the period before taxes | 9903 | -€23,267 | -€799,440 | -€776,173 | -3336.0% |
| Income taxes | 67/77 | €1,323 | €2,703 | +€1,380 | +104.4% |
| Profit (loss) for the period | 9904 | -€24,589 | -€802,143 | -€777,554 | -3162.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,589 | -€802,143 | -€777,554 | -3162.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.