TESTPACK: 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.
TESTPACK
Largest movements
- Receivables within one year -€68,230
down €68,230 (-94.8%), from €71,943 to €3,713
of which Trade receivables: -€71,943
- Cash -€14,732
down €14,732 (-72.6%), from €20,284 to €5,552
mainly Net result for the year (-€79,604) and Investment in fixed assets (net) (-€74,183)
- Tangible fixed assets +€8,871
up €8,871 (+9.9%), from €89,969 to €98,840
of which Plant, machinery and equipment: +€9,619
- Intangible fixed assets +€4,741
up €4,741 (+4.3%), from €111,397 to €116,138
- Profit (loss) carried forward -€79,604
down €79,604, from €1 to -€79,603
- Other debts +€30,000
up €30,000 (+19.1%), from €157,262 to €187,262
- Debts after one year -€15,026
down €15,026 (-32.9%), from €45,651 to €30,625
- Trade debts +€7,905
up €7,905 (+44.3%), from €17,847 to €25,752
- Accrued charges and deferred income -€5,899
down €5,899 (-70.3%), from €8,391 to €2,491
- Gross operating margin -€53,070
down €53,070 (-75.4%), from €70,365 to €17,294
- Staff costs +€33,494
new in 2024: €33,494
- Depreciation +€31,098
up €31,098 (+105.5%), from €29,473 to €60,571
- Taxes -€1,164
down €1,164 (-100.0%), from €1,164 to €0
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €294,077 | €227,481 | -€66,596 | -22.6% |
| Fixed assets | 21/28 | €201,366 | €214,978 | +€13,612 | +6.8% |
| Intangible fixed assets | 21 | €111,397 | €116,138 | +€4,741 | +4.3% |
| Tangible fixed assets | 22/27 | €89,969 | €98,840 | +€8,871 | +9.9% |
| Plant, machinery and equipment | 23 | €88,177 | €97,796 | +€9,619 | +10.9% |
| Furniture and vehicles | 24 | €1,792 | €1,044 | -€748 | -41.8% |
| Current assets | 29/58 | €92,711 | €12,503 | -€80,208 | -86.5% |
| Amounts receivable within one year | 40/41 | €71,943 | €3,713 | -€68,230 | -94.8% |
| Trade receivables | 40 | €71,943 | €0 | -€71,943 | -100.0% |
| Other amounts receivable | 41 | €0 | €3,713 | +€3,713 | |
| Cash at bank and in hand | 54/58 | €20,284 | €5,552 | -€14,732 | -72.6% |
| Deferred charges and accrued income | 490/1 | €484 | €3,238 | +€2,754 | +569.1% |
| Total equity and liabilities | 10/49 | €294,077 | €227,481 | -€66,596 | -22.6% |
| Equity | 10/15 | €41,641 | -€37,963 | -€79,604 | |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €11,640 | €11,640 | = | 0.0% |
| Distributable reserves | 133 | €11,640 | €11,640 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1 | -€79,603 | -€79,604 | |
| Amounts payable | 17/49 | €252,436 | €265,444 | +€13,008 | +5.2% |
| Amounts payable after more than one year | 17 | €45,651 | €30,625 | -€15,026 | -32.9% |
| Financial debts | 170/4 | €45,651 | €30,625 | -€15,026 | -32.9% |
| Amounts payable within one year | 42/48 | €198,394 | €232,328 | +€33,934 | +17.1% |
| Current portion of amounts payable after more than one year | 42 | €14,408 | €15,026 | +€618 | +4.3% |
| Trade debts | 44 | €17,847 | €25,752 | +€7,905 | +44.3% |
| Suppliers | 440/4 | €17,847 | €25,752 | +€7,905 | +44.3% |
| Taxes, remuneration and social security | 45 | €8,877 | €4,287 | -€4,589 | -51.7% |
| Taxes | 450/3 | €8,877 | €1,164 | -€7,713 | -86.9% |
| Remuneration and social security | 454/9 | - | €3,123 | +€3,123 | |
| Other amounts payable | 47/48 | €157,262 | €187,262 | +€30,000 | +19.1% |
| Accrued charges and deferred income | 492/3 | €8,391 | €2,491 | -€5,899 | -70.3% |
| Remuneration, social security and pensions | 62 | - | €33,494 | +€33,494 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,473 | €60,571 | +€31,098 | +105.5% |
| Other operating charges | 640/8 | €557 | €582 | +€25 | +4.6% |
| Gross operating margin | 9900 | €70,365 | €17,294 | -€53,070 | -75.4% |
| Operating profit (loss) | 9901 | €40,335 | -€77,353 | -€117,688 | |
| Financial charges | 65/66B | €2,844 | €2,251 | -€593 | -20.8% |
| Recurring financial charges | 65 | €2,844 | €2,251 | -€593 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | €37,491 | -€79,604 | -€117,095 | |
| Income taxes | 67/77 | €1,164 | €0 | -€1,164 | -100.0% |
| Profit (loss) for the period | 9904 | €36,327 | -€79,604 | -€115,931 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,327 | -€79,604 | -€115,931 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.