TRUDO MANAGEMENT: 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.
TRUDO MANAGEMENT
Largest movements
- Receivables within one year +€65,156
up €65,156 (+4.0%), from €1.6m to €1.7m
of which Other amounts receivable: +€65,156
- Reserves +€37,546
up €37,546 (+4.9%), from €771,491 to €809,038
of which Distributable reserves: +€37,546
- Gross operating margin +€7,125
up €7,125 (+41.4%), from -€17,195 to -€10,070
- Taxes +€2,761
up €2,761 (+17.2%), from €16,022 to €18,782
- Financial income +€1,920
up €1,920 (+2.9%), from €65,945 to €67,865
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,752,269 | €1,807,458 | +€55,190 | +3.1% |
| Current assets | 29/58 | €1,752,269 | €1,807,458 | +€55,190 | +3.1% |
| Amounts receivable within one year | 40/41 | €1,630,881 | €1,696,037 | +€65,156 | +4.0% |
| Trade receivables | 40 | €6,000 | €6,000 | = | 0.0% |
| Other amounts receivable | 41 | €1,624,881 | €1,690,037 | +€65,156 | +4.0% |
| Current investments | 50/53 | €39,365 | €39,365 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €16,662 | €4,217 | -€12,446 | -74.7% |
| Deferred charges and accrued income | 490/1 | €65,360 | €67,839 | +€2,479 | +3.8% |
| Total equity and liabilities | 10/49 | €1,752,269 | €1,807,458 | +€55,190 | +3.1% |
| Equity | 10/15 | €921,491 | €959,038 | +€37,546 | +4.1% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €771,491 | €809,038 | +€37,546 | +4.9% |
| Non-distributable reserves | 130/1 | €99,597 | €99,597 | = | 0.0% |
| Reserves not available under the articles | 1311 | €99,597 | €99,597 | = | 0.0% |
| Distributable reserves | 133 | €671,894 | €709,441 | +€37,546 | +5.6% |
| Amounts payable | 17/49 | €830,778 | €848,421 | +€17,643 | +2.1% |
| Amounts payable within one year | 42/48 | €830,778 | €848,421 | +€17,643 | +2.1% |
| Trade debts | 44 | €562 | €512 | -€50 | -8.9% |
| Suppliers | 440/4 | €562 | €512 | -€50 | -8.9% |
| Taxes, remuneration and social security | 45 | €15,785 | €18,709 | +€2,924 | +18.5% |
| Taxes | 450/3 | €15,785 | €18,709 | +€2,924 | +18.5% |
| Other amounts payable | 47/48 | €814,431 | €829,200 | +€14,769 | +1.8% |
| Other operating charges | 640/8 | €1,172 | €1,207 | +€36 | +3.0% |
| Gross operating margin | 9900 | -€17,195 | -€10,070 | +€7,125 | +41.4% |
| Operating profit (loss) | 9901 | -€18,367 | -€11,277 | +€7,089 | +38.6% |
| Financial income | 75/76B | €65,945 | €67,865 | +€1,920 | +2.9% |
| Recurring financial income | 75 | €65,945 | €67,865 | +€1,920 | +2.9% |
| Financial charges | 65/66B | €210 | €259 | +€49 | +23.4% |
| Recurring financial charges | 65 | €210 | €259 | +€49 | +23.4% |
| Profit (loss) for the period before taxes | 9903 | €47,369 | €56,329 | +€8,960 | +18.9% |
| Income taxes | 67/77 | €16,022 | €18,782 | +€2,761 | +17.2% |
| Profit (loss) for the period | 9904 | €31,348 | €37,546 | +€6,199 | +19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €31,348 | €37,546 | +€6,199 | +19.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.