TRUDON: 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.
TRUDON
Largest movements
- Tangible fixed assets -€57,422
down €57,422 (-29.2%), from €196,872 to €139,450
of which Leasing and similar rights: -€33,808
- Receivables within one year +€54,155
up €54,155 (+54.8%), from €98,795 to €152,950
of which Trade receivables: +€54,393
- Cash +€19,291
new in 2025: €19,291
mainly Trade debts (+€98,676) and Depreciation (+€62,760)
- Stocks and contracts +€15,847
up €15,847 (+30.1%), from €52,669 to €68,516
- Trade debts +€98,676
up €98,676 (+237%), from €41,658 to €140,333
- Other debts -€70,686
down €70,686 (-59.6%), from €118,534 to €47,848
- Profit (loss) carried forward +€50,335
up €50,335 (+71.2%), from -€70,733 to -€20,397
- Current portion of long-term debt +€45,231
up €45,231 (+89.2%), from €50,713 to €95,944
- Reserves -€44,000
down €44,000 (-64.4%), from €68,360 to €24,360
of which Distributable reserves: -€44,000
- Gross operating margin +€9,199
up €9,199 (+13.5%), from €68,079 to €77,278
- Financial charges -€916
down €916 (-14.2%), from €6,442 to €5,526
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 | €354,320 | €386,956 | +€32,636 | +9.2% |
| Fixed assets | 21/28 | €197,622 | €140,200 | -€57,422 | -29.1% |
| Tangible fixed assets | 22/27 | €196,872 | €139,450 | -€57,422 | -29.2% |
| Land and buildings | 22 | €54,189 | €47,032 | -€7,157 | -13.2% |
| Plant, machinery and equipment | 23 | €33,037 | €22,279 | -€10,759 | -32.6% |
| Furniture and vehicles | 24 | €41,013 | €35,314 | -€5,699 | -13.9% |
| Leasing and similar rights | 25 | €68,633 | €34,825 | -€33,808 | -49.3% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €156,698 | €246,756 | +€90,058 | +57.5% |
| Stocks and contracts in progress | 3 | €52,669 | €68,516 | +€15,847 | +30.1% |
| Stocks | 30/36 | €52,669 | €68,516 | +€15,847 | +30.1% |
| Amounts receivable within one year | 40/41 | €98,795 | €152,950 | +€54,155 | +54.8% |
| Trade receivables | 40 | €98,466 | €152,859 | +€54,393 | +55.2% |
| Other amounts receivable | 41 | €329 | €91 | -€238 | -72.4% |
| Cash at bank and in hand | 54/58 | - | €19,291 | +€19,291 | |
| Deferred charges and accrued income | 490/1 | €5,233 | €5,999 | +€766 | +14.6% |
| Total equity and liabilities | 10/49 | €354,320 | €386,956 | +€32,636 | +9.2% |
| Equity | 10/15 | €16,227 | €22,563 | +€6,335 | +39.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €68,360 | €24,360 | -€44,000 | -64.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €22,500 | €22,500 | = | 0.0% |
| Distributable reserves | 133 | €44,000 | - | -€44,000 | |
| Profit (loss) carried forward | 14 | -€70,733 | -€20,397 | +€50,335 | +71.2% |
| Amounts payable | 17/49 | €338,092 | €364,394 | +€26,301 | +7.8% |
| Amounts payable after more than one year | 17 | €83,199 | €46,328 | -€36,871 | -44.3% |
| Financial debts | 170/4 | €83,199 | €46,328 | -€36,871 | -44.3% |
| Amounts payable within one year | 42/48 | €235,286 | €284,415 | +€49,129 | +20.9% |
| Current portion of amounts payable after more than one year | 42 | €50,713 | €95,944 | +€45,231 | +89.2% |
| Financial debts | 43 | €22,879 | - | -€22,879 | |
| Credit institutions | 430/8 | €22,879 | - | -€22,879 | |
| Trade debts | 44 | €41,658 | €140,333 | +€98,676 | +237% |
| Suppliers | 440/4 | €41,658 | €140,333 | +€98,676 | +237% |
| Taxes, remuneration and social security | 45 | €1,502 | €289 | -€1,213 | -80.8% |
| Taxes | 450/3 | €1,502 | €289 | -€1,213 | -80.8% |
| Other amounts payable | 47/48 | €118,534 | €47,848 | -€70,686 | -59.6% |
| Accrued charges and deferred income | 492/3 | €19,607 | €33,650 | +€14,043 | +71.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,477 | €62,760 | +€283 | +0.5% |
| Other operating charges | 640/8 | €2,393 | €2,015 | -€378 | -15.8% |
| Gross operating margin | 9900 | €68,079 | €77,278 | +€9,199 | +13.5% |
| Operating profit (loss) | 9901 | €3,209 | €12,503 | +€9,294 | +290% |
| Financial income | 75/76B | €0 | €17 | +€17 | +83,300% |
| Recurring financial income | 75 | €0 | €17 | +€17 | +83,300% |
| Financial charges | 65/66B | €6,442 | €5,526 | -€916 | -14.2% |
| Recurring financial charges | 65 | €6,442 | €5,526 | -€916 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | -€3,233 | €6,994 | +€10,227 | |
| Income taxes | 67/77 | €737 | €659 | -€77 | -10.5% |
| Profit (loss) for the period | 9904 | -€3,969 | €6,335 | +€10,304 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,969 | €6,335 | +€10,304 |
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 17 October 2026 via checked.be.