TESTAS: 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.
What changed
TESTAS
NACE 46.820, Wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.9m
2024 · €4.1m-€2.3m
Equity
€26.9m
2024 · €26.9m+€83,768
Cash
€695,359
2024 · €6,712+€688,647
Balance sheet total
€45.4m
2024 · €44.4m+€1.0m
Largest movements
Assets
- Cash +€688,647
up €688,647 (+10260.0%), from €6,712 to €695,359
mainly Net result for the year (+€1.9m) and Trade debts (+€1.9m)
- Stocks and contracts +€484,344
up €484,344 (+2.4%), from €20.0m to €20.5m
Equity and liabilities
- Trade debts +€1.9m
up €1.9m (+26.7%), from €7.0m to €8.9m
- Other debts -€805,858
down €805,858 (-10.9%), from €7.4m to €6.6m
Income statement
- Goods and materials +€2.0m
up €2.0m (+1.8%), from €112.7m to €114.8m
of which Purchases: +€1.2m
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.
Result 2024
€4.1m
Turnover
+€4,052
Other operating income
+€843,358
Goods and materials
-€2.0m
Services and other goods
-€1.1m
Staff costs
-€261,153
Depreciation
-€147,753
Other operating charges
+€6,231
Financial income
+€119,590
Financial charges
+€86,835
Taxes
+€236,853
Result 2025
€1.9m
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.
From operations
+€3.4m
Investment
-€727,473
Financing
-€2.0m
Cash 2024
€6,712
From operations (derived)
+€3.4m
Net result for the year
+€1.9m
Depreciation
+€1.1m
Stocks and contracts
-€484,344
Receivables within one year
-€148,152
Deferred charges and accrued income
-€20,414
Trade debts
+€1.9m
Tax, wage and social debts
-€73,059
Other debts
-€805,858
Accrued charges and deferred income
+€127,692
Investment (derived)
-€727,473
Investment in fixed assets (net)
-€727,473
Financing
-€2.0m
Debts after one year
-€198,624
Current portion of long-term debt
+€2,564
Contributions, distributions and other
-€1.8m
Cash 2025
€695,359
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €44,427,979 | €45,431,442 | +€1.0m | +2.3% |
| Fixed assets | 21/28 | €7,696,056 | €7,357,962 | -€338,094 | -4.4% |
| Tangible fixed assets | 22/27 | €5,904,722 | €5,566,628 | -€338,094 | -5.7% |
| Plant, machinery and equipment | 23 | €3,587,815 | €3,213,483 | -€374,331 | -10.4% |
| Furniture and vehicles | 24 | €856,872 | €723,119 | -€133,753 | -15.6% |
| Leasing and similar rights | 25 | €1,454,475 | €1,241,625 | -€212,850 | -14.6% |
| Assets under construction and advance payments | 27 | €5,560 | €388,400 | +€382,840 | +6885.6% |
| Financial fixed assets | 28 | €1,791,335 | €1,791,335 | = | 0.0% |
| Affiliated companies | 280/1 | €1,791,335 | €1,791,335 | = | 0.0% |
| Participating interests | 280 | €1,791,335 | €1,791,335 | = | 0.0% |
| Current assets | 29/58 | €36,731,923 | €38,073,480 | +€1.3m | +3.7% |
| Stocks and contracts in progress | 3 | €20,031,869 | €20,516,212 | +€484,344 | +2.4% |
| Stocks | 30/36 | €20,031,869 | €20,516,212 | +€484,344 | +2.4% |
| Goods purchased for resale | 34 | €20,031,869 | €20,516,212 | +€484,344 | +2.4% |
| Amounts receivable within one year | 40/41 | €16,572,377 | €16,720,529 | +€148,152 | +0.9% |
| Trade receivables | 40 | €15,727,569 | €16,267,521 | +€539,952 | +3.4% |
| Other amounts receivable | 41 | €844,808 | €453,008 | -€391,800 | -46.4% |
| Cash at bank and in hand | 54/58 | €6,712 | €695,359 | +€688,647 | +10260.0% |
| Deferred charges and accrued income | 490/1 | €120,965 | €141,380 | +€20,414 | +16.9% |
| Total equity and liabilities | 10/49 | €44,427,979 | €45,431,442 | +€1.0m | +2.3% |
| Equity | 10/15 | €26,856,485 | €26,940,253 | +€83,768 | +0.3% |
| Contributions | 10/11 | €1,784,833 | €1,784,833 | = | 0.0% |
| Capital | 10 | €1,784,833 | €1,784,833 | = | 0.0% |
| Issued capital | 100 | €1,784,833 | €1,784,833 | = | 0.0% |
| Reserves | 13 | €209,910 | €209,910 | = | 0.0% |
| Non-distributable reserves | 130/1 | €209,910 | €209,910 | = | 0.0% |
| Legal reserve | 130 | €209,910 | €209,910 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,861,742 | €24,945,510 | +€83,768 | +0.3% |
| Amounts payable | 17/49 | €17,571,494 | €18,491,189 | +€919,695 | +5.2% |
| Amounts payable after more than one year | 17 | €1,195,877 | €997,253 | -€198,624 | -16.6% |
| Financial debts | 170/4 | €1,195,877 | €997,253 | -€198,624 | -16.6% |
| Leasing and similar obligations | 172 | €1,195,877 | €997,253 | -€198,624 | -16.6% |
| Amounts payable within one year | 42/48 | €16,333,111 | €17,323,739 | +€990,628 | +6.1% |
| Current portion of amounts payable after more than one year | 42 | €196,060 | €198,624 | +€2,564 | +1.3% |
| Trade debts | 44 | €6,992,525 | €8,859,507 | +€1.9m | +26.7% |
| Suppliers | 440/4 | €6,992,525 | €8,859,507 | +€1.9m | +26.7% |
| Taxes, remuneration and social security | 45 | €1,753,311 | €1,680,251 | -€73,059 | -4.2% |
| Taxes | 450/3 | €1,044,979 | €1,002,405 | -€42,574 | -4.1% |
| Remuneration and social security | 454/9 | €708,332 | €677,846 | -€30,485 | -4.3% |
| Other amounts payable | 47/48 | €7,391,215 | €6,585,357 | -€805,858 | -10.9% |
| Accrued charges and deferred income | 492/3 | €42,505 | €170,197 | +€127,692 | +300.4% |
| Operating income | 70/76A | €131,847,818 | €132,695,229 | +€847,411 | +0.6% |
| Turnover | 70 | €128,244,598 | €128,248,650 | +€4,052 | 0.0% |
| Other operating income | 74 | €3,603,220 | €4,446,579 | +€843,358 | +23.4% |
| Operating charges | 60/66A | €127,714,133 | €131,260,581 | +€3.5m | +2.8% |
| Goods for resale, raw materials and consumables | 60 | €112,738,777 | €114,788,632 | +€2.0m | +1.8% |
| Purchases | 600/8 | €114,083,322 | €115,272,976 | +€1.2m | +1.0% |
| Change in stocks: decrease (increase) | 609 | -€1,344,545 | -€484,344 | +€860,201 | +64.0% |
| Services and other goods | 61 | €8,051,985 | €9,145,904 | +€1.1m | +13.6% |
| Remuneration, social security and pensions | 62 | €5,915,618 | €6,176,771 | +€261,153 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €917,814 | €1,065,567 | +€147,753 | +16.1% |
| Other operating charges | 640/8 | €89,939 | €83,707 | -€6,231 | -6.9% |
| Operating profit (loss) | 9901 | €4,133,686 | €1,434,648 | -€2.7m | -65.3% |
| Financial income | 75/76B | €1,352,642 | €1,472,232 | +€119,590 | +8.8% |
| Recurring financial income | 75 | €1,352,642 | €1,472,232 | +€119,590 | +8.8% |
| Income from current assets | 751 | €169,597 | €168,867 | -€730 | -0.4% |
| Other financial income | 752/9 | €1,183,045 | €1,303,365 | +€120,320 | +10.2% |
| Financial charges | 65/66B | €391,804 | €304,969 | -€86,835 | -22.2% |
| Recurring financial charges | 65 | €391,804 | €304,969 | -€86,835 | -22.2% |
| Debt charges | 650 | €353,903 | €264,695 | -€89,207 | -25.2% |
| Other financial charges | 652/9 | €37,902 | €40,274 | +€2,372 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | €5,094,524 | €2,601,911 | -€2.5m | -48.9% |
| Income taxes | 67/77 | €954,714 | €717,861 | -€236,853 | -24.8% |
| Taxes | 670/3 | €954,714 | €717,861 | -€236,853 | -24.8% |
| Profit (loss) for the period | 9904 | €4,139,810 | €1,884,051 | -€2.3m | -54.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,139,810 | €1,884,051 | -€2.3m | -54.5% |
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 6 October 2026 via checked.be.