TESTRUN: 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.
TESTRUN
Largest movements
- Cash +€51,061
up €51,061 (+30.0%), from €170,034 to €221,095
mainly Net result for the year (+€90,370) and Other debts (+€88,500)
- Receivables within one year +€36,457
up €36,457 (+118.5%), from €30,765 to €67,222
of which Trade receivables: +€36,446
- Other debts +€88,500
new in 2025: €88,500
- Gross operating margin +€16,582
up €16,582 (+16.7%), from €99,220 to €115,802
- Taxes +€4,281
up €4,281 (+20.7%), from €20,684 to €24,965
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 | €203,299 | €289,741 | +€86,442 | +42.5% |
| Fixed assets | 21/28 | €1,019 | €606 | -€413 | -40.5% |
| Tangible fixed assets | 22/27 | €1,019 | €606 | -€413 | -40.5% |
| Furniture and vehicles | 24 | €1,019 | €606 | -€413 | -40.5% |
| Current assets | 29/58 | €202,280 | €289,135 | +€86,855 | +42.9% |
| Amounts receivable within one year | 40/41 | €30,765 | €67,222 | +€36,457 | +118.5% |
| Trade receivables | 40 | €29,948 | €66,394 | +€36,446 | +121.7% |
| Other amounts receivable | 41 | €817 | €828 | +€11 | +1.4% |
| Cash at bank and in hand | 54/58 | €170,034 | €221,095 | +€51,061 | +30.0% |
| Deferred charges and accrued income | 490/1 | €1,482 | €819 | -€663 | -44.8% |
| Total equity and liabilities | 10/49 | €203,299 | €289,741 | +€86,442 | +42.5% |
| Equity | 10/15 | €185,772 | €187,642 | +€1,870 | +1.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €180,772 | €182,642 | +€1,870 | +1.0% |
| Amounts payable | 17/49 | €17,527 | €102,100 | +€84,572 | +482.5% |
| Amounts payable within one year | 42/48 | €17,324 | €101,889 | +€84,565 | +488.1% |
| Trade debts | 44 | €4,826 | €3,101 | -€1,726 | -35.8% |
| Suppliers | 440/4 | €4,826 | €3,101 | -€1,726 | -35.8% |
| Taxes, remuneration and social security | 45 | €12,498 | €10,288 | -€2,210 | -17.7% |
| Taxes | 450/3 | €10,063 | €10,288 | +€226 | +2.2% |
| Remuneration and social security | 454/9 | €2,435 | €0 | -€2,435 | -100.0% |
| Other amounts payable | 47/48 | - | €88,500 | +€88,500 | |
| Accrued charges and deferred income | 492/3 | €203 | €211 | +€8 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €220 | €413 | +€193 | +87.7% |
| Other operating charges | 640/8 | €590 | €590 | -€0 | -0.1% |
| Gross operating margin | 9900 | €99,220 | €115,802 | +€16,582 | +16.7% |
| Operating profit (loss) | 9901 | €98,410 | €114,799 | +€16,390 | +16.7% |
| Financial income | 75/76B | €779 | €977 | +€198 | +25.5% |
| Recurring financial income | 75 | €779 | €977 | +€198 | +25.5% |
| Financial charges | 65/66B | €135 | €442 | +€307 | +226.3% |
| Recurring financial charges | 65 | €135 | €442 | +€307 | +226.3% |
| Profit (loss) for the period before taxes | 9903 | €99,053 | €115,335 | +€16,281 | +16.4% |
| Income taxes | 67/77 | €20,684 | €24,965 | +€4,281 | +20.7% |
| Profit (loss) for the period | 9904 | €78,369 | €90,370 | +€12,001 | +15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €78,369 | €90,370 | +€12,001 | +15.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.