TESTAMENT.BE;: 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.
TESTAMENT.BE;
Largest movements
- Current investments +€200,000
up €200,000 (+40.0%), from €500,000 to €700,000
- Cash -€130,597
down €130,597 (-22.6%), from €578,375 to €447,778
mainly Current investments (-€200,000) and Receivables within one year (-€67,646)
- Receivables within one year +€67,646
up €67,646 (+92.8%), from €72,932 to €140,578
of which Trade receivables: +€50,124
- Deferred charges and accrued income +€24,989
up €24,989 (+56.1%), from €44,549 to €69,538
- Profit (loss) carried forward +€181,832
up €181,832 (+18.0%), from €1.0m to €1.2m
- Debts within one year -€21,204
down €21,204 (-11.2%), from €190,148 to €168,944
- Purchases and services +€79,218
up €79,218 (+7.5%), from €1.1m to €1.1m
- Staff costs +€62,854
up €62,854 (+11.7%), from €535,700 to €598,554
- Gross operating margin -€36,248
down €36,248 (-4.5%), from €814,010 to €777,762
- Turnover +€25,380
up €25,380 (+1.4%), from €1.9m to €1.9m
From the 2025 result to the 2026 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.
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,198,530 | €1,359,158 | +€160,628 | +13.4% |
| Fixed assets | 21/28 | €2,673 | €1,264 | -€1,410 | -52.7% |
| Tangible fixed assets | 22/27 | €2,673 | €1,264 | -€1,410 | -52.7% |
| Plant, machinery and equipment | 23 | €0 | €1,264 | +€1,264 | |
| Furniture and vehicles | 24 | €2,673 | €0 | -€2,673 | -100% |
| Current assets | 29/58 | €1,195,857 | €1,357,894 | +€162,038 | +13.5% |
| Amounts receivable within one year | 40/41 | €72,932 | €140,578 | +€67,646 | +92.8% |
| Trade receivables | 40 | €34,443 | €84,567 | +€50,124 | +146% |
| Other amounts receivable | 41 | €38,489 | €56,010 | +€17,521 | +45.5% |
| Current investments | 50/53 | €500,000 | €700,000 | +€200,000 | +40.0% |
| Cash at bank and in hand | 54/58 | €578,375 | €447,778 | -€130,597 | -22.6% |
| Deferred charges and accrued income | 490/1 | €44,549 | €69,538 | +€24,989 | +56.1% |
| Total equity and liabilities | 10/49 | €1,198,530 | €1,359,158 | +€160,628 | +13.4% |
| Equity | 10/15 | €1,008,382 | €1,190,214 | +€181,832 | +18.0% |
| Profit (loss) carried forward | 14 | €1,008,382 | €1,190,214 | +€181,832 | +18.0% |
| Amounts payable | 17/49 | €190,148 | €168,944 | -€21,204 | -11.2% |
| Amounts payable within one year | 42/48 | €190,148 | €168,944 | -€21,204 | -11.2% |
| Financial debts | 43 | €620 | €3,529 | +€2,909 | +469% |
| Credit institutions | 430/8 | €620 | €3,529 | +€2,909 | +469% |
| Trade debts | 44 | €72,329 | €68,024 | -€4,305 | -6.0% |
| Suppliers | 440/4 | €72,329 | €68,024 | -€4,305 | -6.0% |
| Advances received on contracts in progress | 46 | €16,296 | €15,428 | -€868 | -5.3% |
| Taxes, remuneration and social security | 45 | €91,809 | €81,954 | -€9,856 | -10.7% |
| Taxes | 450/3 | €8,274 | €22,234 | +€13,960 | +169% |
| Remuneration and social security | 454/9 | €83,535 | €59,720 | -€23,815 | -28.5% |
| Turnover | 70 | €1,855,100 | €1,880,480 | +€25,380 | +1.4% |
| Non-recurring operating income | 76A | - | €8,760 | +€8,760 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,053,444 | €1,132,663 | +€79,218 | +7.5% |
| Remuneration, social security and pensions | 62 | €535,700 | €598,554 | +€62,854 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,543 | €2,959 | -€9,584 | -76.4% |
| Other operating charges | 640/8 | €1,538 | €2,078 | +€540 | +35.1% |
| Gross operating margin | 9900 | €814,010 | €777,762 | -€36,248 | -4.5% |
| Operating profit (loss) | 9901 | €264,229 | €174,171 | -€90,058 | -34.1% |
| Financial income | 75/76B | €17,297 | €9,593 | -€7,704 | -44.5% |
| Recurring financial income | 75 | €17,297 | €9,593 | -€7,704 | -44.5% |
| Financial charges | 65/66B | €700 | €296 | -€404 | -57.8% |
| Recurring financial charges | 65 | €700 | €296 | -€404 | -57.8% |
| Profit (loss) for the period before taxes | 9903 | €280,827 | €183,468 | -€97,358 | -34.7% |
| Income taxes | 67/77 | €1,579 | €1,636 | +€57 | +3.6% |
| Profit (loss) for the period | 9904 | €279,248 | €181,832 | -€97,416 | -34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €279,248 | €181,832 | -€97,416 | -34.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.