TesTec: 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.
TesTec
Largest movements
- Tangible fixed assets +€733,250
up €733,250 (+102.8%), from €713,161 to €1.4m
of which Land and buildings: +€416,637
- Cash -€22,354
down €22,354 (-98.6%), from €22,665 to €311
mainly Investment in fixed assets (net) (-€819,917) and Net result for the year (-€66,980)
- Revaluation surpluses +€433,662
new in 2025: €433,662
- Debts after one year +€297,725
up €297,725 (+60.0%), from €495,896 to €793,621
of which Financial debts: +€297,125
- Short-term financial debts +€119,275
new in 2025: €119,275
- Profit (loss) carried forward -€66,980
down €66,980 (-22.9%), from -€292,772 to -€359,752
- Trade debts -€62,651
down €62,651 (-90.5%), from €69,261 to €6,610
- Depreciation +€33,425
up €33,425 (+66.5%), from €50,242 to €83,667
- Financial charges +€12,880
up €12,880 (+57.5%), from €22,409 to €35,289
- Gross operating margin -€11,909
down €11,909 (-10.5%), from €113,343 to €101,434
- Other operating charges +€4,902
up €4,902 (+285.9%), from €1,715 to €6,617
- Staff costs -€3,818
down €3,818 (-8.1%), from €47,035 to €43,217
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 | €862,428 | €1,580,061 | +€717,633 | +83.2% |
| Fixed assets | 21/28 | €713,161 | €1,449,411 | +€736,250 | +103.2% |
| Tangible fixed assets | 22/27 | €713,161 | €1,446,411 | +€733,250 | +102.8% |
| Land and buildings | 22 | €507,585 | €924,222 | +€416,637 | +82.1% |
| Plant, machinery and equipment | 23 | €96,183 | €77,223 | -€18,959 | -19.7% |
| Furniture and vehicles | 24 | €64,952 | €112,334 | +€47,382 | +72.9% |
| Assets under construction and advance payments | 27 | €44,441 | €332,632 | +€288,191 | +648.5% |
| Financial fixed assets | 28 | - | €3,000 | +€3,000 | |
| Current assets | 29/58 | €149,267 | €130,650 | -€18,617 | -12.5% |
| Amounts receivable within one year | 40/41 | €126,602 | €128,760 | +€2,158 | +1.7% |
| Trade receivables | 40 | €126,368 | €118,316 | -€8,051 | -6.4% |
| Other amounts receivable | 41 | €234 | €10,444 | +€10,210 | +4363.2% |
| Cash at bank and in hand | 54/58 | €22,665 | €311 | -€22,354 | -98.6% |
| Deferred charges and accrued income | 490/1 | €0 | €1,579 | +€1,579 | |
| Total equity and liabilities | 10/49 | €862,428 | €1,580,061 | +€717,633 | +83.2% |
| Equity | 10/15 | -€61,312 | €305,370 | +€366,682 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | - | €433,662 | +€433,662 | |
| Reserves | 13 | €212,860 | €212,860 | = | 0.0% |
| Distributable reserves | 133 | €212,860 | €212,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€292,772 | -€359,752 | -€66,980 | -22.9% |
| Amounts payable | 17/49 | €923,740 | €1,274,691 | +€350,951 | +38.0% |
| Amounts payable after more than one year | 17 | €495,896 | €793,621 | +€297,725 | +60.0% |
| Financial debts | 170/4 | €493,096 | €790,221 | +€297,125 | +60.3% |
| Other amounts payable | 178/9 | €2,800 | €3,400 | +€600 | +21.4% |
| Amounts payable within one year | 42/48 | €427,845 | €481,070 | +€53,226 | +12.4% |
| Current portion of amounts payable after more than one year | 42 | €50,699 | €70,160 | +€19,461 | +38.4% |
| Financial debts | 43 | - | €119,275 | +€119,275 | |
| Credit institutions | 430/8 | - | €119,275 | +€119,275 | |
| Trade debts | 44 | €69,261 | €6,610 | -€62,651 | -90.5% |
| Suppliers | 440/4 | €69,261 | €6,610 | -€62,651 | -90.5% |
| Taxes, remuneration and social security | 45 | €17,706 | €5,010 | -€12,696 | -71.7% |
| Taxes | 450/3 | €11,782 | €305 | -€11,476 | -97.4% |
| Remuneration and social security | 454/9 | €5,924 | €4,705 | -€1,219 | -20.6% |
| Other amounts payable | 47/48 | €290,178 | €280,016 | -€10,162 | -3.5% |
| Remuneration, social security and pensions | 62 | €47,035 | €43,217 | -€3,818 | -8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,242 | €83,667 | +€33,425 | +66.5% |
| Other operating charges | 640/8 | €1,715 | €6,617 | +€4,902 | +285.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €113,343 | €101,434 | -€11,909 | -10.5% |
| Operating profit (loss) | 9901 | €14,352 | -€32,067 | -€46,419 | |
| Financial income | 75/76B | €75 | €517 | +€441 | +586.7% |
| Recurring financial income | 75 | €75 | €517 | +€441 | +586.7% |
| Financial charges | 65/66B | €22,409 | €35,289 | +€12,880 | +57.5% |
| Recurring financial charges | 65 | €22,409 | €35,289 | +€12,880 | +57.5% |
| Profit (loss) for the period before taxes | 9903 | -€7,982 | -€66,839 | -€58,857 | -737.4% |
| Income taxes | 67/77 | €128 | €141 | +€13 | +10.1% |
| Profit (loss) for the period | 9904 | -€8,110 | -€66,980 | -€58,870 | -725.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,110 | -€66,980 | -€58,870 | -725.9% |
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 28 September 2026 via checked.be.