TRUDASSUR: 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.
TRUDASSUR
Largest movements
- Receivables within one year -€45,940
down €45,940 (-25.4%), from €181,144 to €135,204
of which Trade receivables: -€29,992
- Cash +€38,675
up €38,675 (+241%), from €16,030 to €54,705
mainly Receivables within one year (+€45,940) and Depreciation (+€34,199)
- Intangible fixed assets -€33,010
down €33,010 (-100%), from €33,010 to €0
- Reserves -€33,010
down €33,010 (-94.7%), from €34,869 to €1,859
of which Tax-exempt reserves: -€33,010
- Debts after one year -€27,755
down €27,755 (-36.4%), from €76,326 to €48,571
- Trade debts -€18,511
down €18,511 (-48.8%), from €37,963 to €19,453
- Profit (loss) carried forward +€17,478
up €17,478 (+89.1%), from -€19,609 to -€2,132
- Current portion of long-term debt +€13,061
up €13,061 (+47.1%), from €27,755 to €40,816
- Taxes +€2,869
up €2,869 (+35.5%), from €8,075 to €10,944
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.
Derived cash bridge
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 | €232,158 | €191,521 | -€40,637 | -17.5% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €34,293 | €95 | -€34,199 | -99.7% |
| Intangible fixed assets | 21 | €33,010 | €0 | -€33,010 | -100% |
| Tangible fixed assets | 22/27 | €1,283 | €95 | -€1,189 | -92.6% |
| Plant, machinery and equipment | 23 | €544 | €95 | -€449 | -82.6% |
| Furniture and vehicles | 24 | €740 | €0 | -€740 | -100% |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Current assets | 29/58 | €197,865 | €191,426 | -€6,438 | -3.3% |
| Amounts receivable within one year | 40/41 | €181,144 | €135,204 | -€45,940 | -25.4% |
| Trade receivables | 40 | €74,804 | €44,812 | -€29,992 | -40.1% |
| Other amounts receivable | 41 | €106,341 | €90,392 | -€15,948 | -15.0% |
| Cash at bank and in hand | 54/58 | €16,030 | €54,705 | +€38,675 | +241% |
| Deferred charges and accrued income | 490/1 | €691 | €1,518 | +€827 | +120% |
| Total equity and liabilities | 10/49 | €232,158 | €191,521 | -€40,637 | -17.5% |
| Equity | 10/15 | €33,852 | €18,320 | -€15,532 | -45.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €34,869 | €1,859 | -€33,010 | -94.7% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €33,010 | - | -€33,010 | |
| Profit (loss) carried forward | 14 | -€19,609 | -€2,132 | +€17,478 | +89.1% |
| Amounts payable | 17/49 | €198,306 | €173,201 | -€25,105 | -12.7% |
| Amounts payable after more than one year | 17 | €76,326 | €48,571 | -€27,755 | -36.4% |
| Financial debts | 170/4 | €76,326 | €48,571 | -€27,755 | -36.4% |
| Amounts payable within one year | 42/48 | €121,980 | €124,630 | +€2,650 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €27,755 | €40,816 | +€13,061 | +47.1% |
| Financial debts | 43 | €15,660 | €26,850 | +€11,190 | +71.5% |
| Credit institutions | 430/8 | €15,660 | €26,850 | +€11,190 | +71.5% |
| Trade debts | 44 | €37,963 | €19,453 | -€18,511 | -48.8% |
| Suppliers | 440/4 | €37,963 | €19,453 | -€18,511 | -48.8% |
| Taxes, remuneration and social security | 45 | €40,367 | €35,027 | -€5,341 | -13.2% |
| Taxes | 450/3 | €8,075 | €4,944 | -€3,131 | -38.8% |
| Remuneration and social security | 454/9 | €32,292 | €30,082 | -€2,210 | -6.8% |
| Other amounts payable | 47/48 | €235 | €2,485 | +€2,250 | +958% |
| Remuneration, social security and pensions | 62 | €213,241 | €212,564 | -€677 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,693 | €34,199 | -€495 | -1.4% |
| Other operating charges | 640/8 | €2,773 | €3,072 | +€299 | +10.8% |
| Gross operating margin | 9900 | €249,202 | €251,295 | +€2,093 | +0.8% |
| Operating profit (loss) | 9901 | -€1,505 | €1,459 | +€2,965 | |
| Financial income | 75/76B | €114 | €374 | +€259 | +227% |
| Recurring financial income | 75 | €114 | €314 | +€200 | +174% |
| Non-recurring financial income | 76B | - | €60 | +€60 | |
| Financial charges | 65/66B | €6,524 | €4,172 | -€2,352 | -36.1% |
| Recurring financial charges | 65 | €6,524 | €4,172 | -€2,352 | -36.1% |
| Profit (loss) for the period before taxes | 9903 | -€7,915 | -€2,338 | +€5,576 | +70.5% |
| Income taxes | 67/77 | €8,075 | €10,944 | +€2,869 | +35.5% |
| Profit (loss) for the period | 9904 | -€15,989 | -€13,282 | +€2,707 | +16.9% |
| Transfer from tax-exempt reserves | 789 | €33,010 | €33,010 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,021 | €19,728 | +€2,707 | +15.9% |
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 23 October 2026 via checked.be.