TRUDIPLAS: 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.
TRUDIPLAS
Largest movements
- Cash +€139,674
up €139,674 (+217%), from €64,329 to €204,003
mainly Depreciation (+€155,250) and Net result for the year (+€135,148)
- Receivables within one year -€121,628
down €121,628 (-34.6%), from €351,425 to €229,797
of which Trade receivables: -€90,399
- Tangible fixed assets +€93,637
up €93,637 (+22.7%), from €413,013 to €506,650
of which Other tangible fixed assets: +€205,376
- Stocks and contracts -€53,941
down €53,941 (-32.1%), from €168,091 to €114,151
- Deferred charges and accrued income +€31,500
up €31,500 (+420%), from €7,496 to €38,996
- Debts after one year +€100,000
up €100,000 (+200%), from €50,000 to €150,000
- Trade debts -€41,282
down €41,282 (-68.9%), from €59,955 to €18,673
- Reserves +€15,148
up €15,148 (+2.4%), from €629,780 to €644,927
of which Distributable reserves: +€15,148
- Tax, wage and social debts +€11,440
up €11,440 (+188%), from €6,093 to €17,533
- Staff costs +€104,679
up €104,679 (+135%), from €77,363 to €182,042
- Gross operating margin +€74,488
up €74,488 (+18.3%), from €405,954 to €480,442
- Depreciation +€18,436
up €18,436 (+13.5%), from €136,814 to €155,250
- Write-downs -€14,924
down €14,924 (-100%), from €14,924 to €0
- Taxes -€10,269
down €10,269 (-74.2%), from €13,841 to €3,572
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 | €1,004,354 | €1,093,596 | +€89,242 | +8.9% |
| Fixed assets | 21/28 | €413,013 | €506,650 | +€93,637 | +22.7% |
| Tangible fixed assets | 22/27 | €413,013 | €506,650 | +€93,637 | +22.7% |
| Plant, machinery and equipment | 23 | €399,696 | €293,394 | -€106,302 | -26.6% |
| Furniture and vehicles | 24 | €6,945 | €1,507 | -€5,438 | -78.3% |
| Other tangible fixed assets | 26 | €6,373 | €211,749 | +€205,376 | +3,223% |
| Current assets | 29/58 | €591,341 | €586,946 | -€4,395 | -0.7% |
| Stocks and contracts in progress | 3 | €168,091 | €114,151 | -€53,941 | -32.1% |
| Stocks | 30/36 | €168,091 | €114,151 | -€53,941 | -32.1% |
| Amounts receivable within one year | 40/41 | €351,425 | €229,797 | -€121,628 | -34.6% |
| Trade receivables | 40 | €276,263 | €185,864 | -€90,399 | -32.7% |
| Other amounts receivable | 41 | €75,162 | €43,933 | -€31,229 | -41.5% |
| Cash at bank and in hand | 54/58 | €64,329 | €204,003 | +€139,674 | +217% |
| Deferred charges and accrued income | 490/1 | €7,496 | €38,996 | +€31,500 | +420% |
| Total equity and liabilities | 10/49 | €1,004,354 | €1,093,596 | +€89,242 | +8.9% |
| Equity | 10/15 | €759,528 | €774,676 | +€15,148 | +2.0% |
| Contributions | 10/11 | €129,748 | €129,748 | = | 0.0% |
| Capital | 10 | €129,748 | €129,748 | = | 0.0% |
| Issued capital | 100 | €129,748 | €129,748 | = | 0.0% |
| Reserves | 13 | €629,780 | €644,927 | +€15,148 | +2.4% |
| Non-distributable reserves | 130/1 | €12,975 | €12,975 | = | 0.0% |
| Legal reserve | 130 | €12,975 | €12,975 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €579,305 | €594,452 | +€15,148 | +2.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €244,826 | €318,920 | +€74,094 | +30.3% |
| Amounts payable after more than one year | 17 | €50,000 | €150,000 | +€100,000 | +200% |
| Other amounts payable | 178/9 | €50,000 | €150,000 | +€100,000 | +200% |
| Amounts payable within one year | 42/48 | €186,185 | €156,206 | -€29,979 | -16.1% |
| Trade debts | 44 | €59,955 | €18,673 | -€41,282 | -68.9% |
| Suppliers | 440/4 | €59,955 | €18,673 | -€41,282 | -68.9% |
| Taxes, remuneration and social security | 45 | €6,093 | €17,533 | +€11,440 | +188% |
| Remuneration and social security | 454/9 | €6,093 | €17,533 | +€11,440 | +188% |
| Other amounts payable | 47/48 | €120,137 | €120,000 | -€137 | -0.1% |
| Accrued charges and deferred income | 492/3 | €8,642 | €12,714 | +€4,073 | +47.1% |
| Remuneration, social security and pensions | 62 | €77,363 | €182,042 | +€104,679 | +135% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €136,814 | €155,250 | +€18,436 | +13.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,924 | €0 | -€14,924 | -100% |
| Other operating charges | 640/8 | €15,135 | €9,006 | -€6,128 | -40.5% |
| Gross operating margin | 9900 | €405,954 | €480,442 | +€74,488 | +18.3% |
| Operating profit (loss) | 9901 | €161,718 | €134,143 | -€27,575 | -17.1% |
| Financial income | 75/76B | €31,333 | €29,631 | -€1,702 | -5.4% |
| Recurring financial income | 75 | €31,333 | €29,631 | -€1,702 | -5.4% |
| Financial charges | 65/66B | €24,496 | €25,055 | +€559 | +2.3% |
| Recurring financial charges | 65 | €24,496 | €25,055 | +€559 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €168,556 | €138,719 | -€29,837 | -17.7% |
| Income taxes | 67/77 | €13,841 | €3,572 | -€10,269 | -74.2% |
| Profit (loss) for the period | 9904 | €154,715 | €135,148 | -€19,567 | -12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €154,715 | €135,148 | -€19,567 | -12.6% |
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 26 October 2026 via checked.be.