TESTA IMMO: 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.
TESTA IMMO
Largest movements
- Cash +€31,663
up €31,663 (+28.5%), from €111,268 to €142,931
mainly Depreciation (+€21,745) and Receivables within one year (+€21,444)
- Receivables within one year -€21,444
down €21,444 (-80.7%), from €26,562 to €5,118
of which Trade receivables: -€21,436
- Profit (loss) carried forward +€15,491
up €15,491, from -€5,701 to €9,790
- Tax, wage and social debts -€6,128
down €6,128 (-53.7%), from €11,402 to €5,274
of which Taxes: -€6,128
- Other debts +€6,043
up €6,043 (+5.1%), from €117,823 to €123,866
- Gross operating margin +€15,078
up €15,078 (+51.1%), from €29,478 to €44,555
- Depreciation -€7,417
down €7,417 (-25.4%), from €29,162 to €21,745
- Other operating charges +€1,062
up €1,062 (+9.7%), from €10,995 to €12,057
- Financial income -€691
down €691 (-11.3%), from €6,105 to €5,414
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 | €544,443 | €564,984 | +€20,541 | +3.8% |
| Fixed assets | 21/28 | €199,499 | €202,426 | +€2,927 | +1.5% |
| Tangible fixed assets | 22/27 | €199,075 | €202,002 | +€2,927 | +1.5% |
| Land and buildings | 22 | €193,032 | €175,811 | -€17,221 | -8.9% |
| Plant, machinery and equipment | 23 | €574 | €107 | -€467 | -81.3% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €5,469 | €26,084 | +€20,615 | +376.9% |
| Financial fixed assets | 28 | €424 | €424 | = | 0.0% |
| Current assets | 29/58 | €344,943 | €362,558 | +€17,614 | +5.1% |
| Amounts receivable within one year | 40/41 | €26,562 | €5,118 | -€21,444 | -80.7% |
| Trade receivables | 40 | €23,128 | €1,691 | -€21,436 | -92.7% |
| Other amounts receivable | 41 | €3,435 | €3,427 | -€7 | -0.2% |
| Current investments | 50/53 | €205,892 | €211,355 | +€5,464 | +2.7% |
| Cash at bank and in hand | 54/58 | €111,268 | €142,931 | +€31,663 | +28.5% |
| Deferred charges and accrued income | 490/1 | €1,221 | €3,152 | +€1,931 | +158.2% |
| Total equity and liabilities | 10/49 | €544,443 | €564,984 | +€20,541 | +3.8% |
| Equity | 10/15 | €414,789 | €430,280 | +€15,491 | +3.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €401,890 | €401,890 | = | 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% |
| Distributable reserves | 133 | €400,030 | €400,030 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,701 | €9,790 | +€15,491 | |
| Amounts payable | 17/49 | €129,654 | €134,703 | +€5,050 | +3.9% |
| Amounts payable within one year | 42/48 | €129,654 | €134,703 | +€5,050 | +3.9% |
| Trade debts | 44 | €428 | €5,563 | +€5,135 | +1199.8% |
| Suppliers | 440/4 | €428 | €5,563 | +€5,135 | +1199.8% |
| Taxes, remuneration and social security | 45 | €11,402 | €5,274 | -€6,128 | -53.7% |
| Taxes | 450/3 | €9,702 | €3,574 | -€6,128 | -63.2% |
| Remuneration and social security | 454/9 | €1,700 | €1,700 | = | 0.0% |
| Other amounts payable | 47/48 | €117,823 | €123,866 | +€6,043 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,162 | €21,745 | -€7,417 | -25.4% |
| Other operating charges | 640/8 | €10,995 | €12,057 | +€1,062 | +9.7% |
| Gross operating margin | 9900 | €29,478 | €44,555 | +€15,078 | +51.1% |
| Operating profit (loss) | 9901 | -€10,680 | €10,753 | +€21,433 | |
| Financial income | 75/76B | €6,105 | €5,414 | -€691 | -11.3% |
| Recurring financial income | 75 | €6,105 | €5,414 | -€691 | -11.3% |
| Financial charges | 65/66B | €333 | €326 | -€7 | -2.1% |
| Recurring financial charges | 65 | €333 | €326 | -€7 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,908 | €15,841 | +€20,749 | |
| Income taxes | 67/77 | €240 | €350 | +€110 | +45.7% |
| Profit (loss) for the period | 9904 | -€5,148 | €15,491 | +€20,639 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,148 | €15,491 | +€20,639 |
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 30 September 2026 via checked.be.