TUDA: what changed
Two fiscal 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.
TUDA
Largest movements
- Current investments -€108,265
down €108,265 (-6.2%), from €1.7m to €1.6m
- Receivables within one year -€79,223
down €79,223 (-7.3%), from €1.1m to €1.0m
- Debts after one year -€218,930
down €218,930 (-7.4%), from €3.0m to €2.7m
of which Other amounts payable: -€218,930
- Financial charges -€887,010
down €887,010 (-91.8%), from €966,610 to €79,600
of which Non-recurring financial charges: -€914,532
- Financial income -€39,812
down €39,812 (-27.6%), from €144,252 to €104,440
- Taxes -€2,185
down €2,185 (-100.0%), from €2,185 to €0
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 | €7,784,478 | €7,586,640 | -€197,839 | -2.5% |
| Fixed assets | 21/28 | €4,936,417 | €4,936,417 | = | 0.0% |
| Financial fixed assets | 28 | €4,936,417 | €4,936,417 | = | 0.0% |
| Current assets | 29/58 | €2,848,061 | €2,650,222 | -€197,839 | -6.9% |
| Amounts receivable within one year | 40/41 | €1,081,578 | €1,002,355 | -€79,223 | -7.3% |
| Other amounts receivable | 41 | €1,081,578 | €1,002,355 | -€79,223 | -7.3% |
| Current investments | 50/53 | €1,737,318 | €1,629,053 | -€108,265 | -6.2% |
| Cash at bank and in hand | 54/58 | €29,165 | €18,814 | -€10,351 | -35.5% |
| Total equity and liabilities | 10/49 | €7,784,478 | €7,586,640 | -€197,839 | -2.5% |
| Equity | 10/15 | €4,823,580 | €4,840,042 | +€16,462 | +0.3% |
| Contributions | 10/11 | €1,189,500 | €1,189,500 | = | 0.0% |
| Reserves | 13 | €600,373 | €600,373 | = | 0.0% |
| Distributable reserves | 133 | €600,373 | €600,373 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,033,707 | €3,050,169 | +€16,462 | +0.5% |
| Amounts payable | 17/49 | €2,960,898 | €2,746,598 | -€214,300 | -7.2% |
| Amounts payable after more than one year | 17 | €2,960,898 | €2,741,968 | -€218,930 | -7.4% |
| Financial debts | 170/4 | €2,000,000 | €2,000,000 | = | 0.0% |
| Other amounts payable | 178/9 | €960,898 | €741,968 | -€218,930 | -22.8% |
| Amounts payable within one year | 42/48 | €0 | €4,630 | +€4,630 | |
| Trade debts | 44 | €0 | €4,630 | +€4,630 | |
| Suppliers | 440/4 | €0 | €4,630 | +€4,630 | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Gross operating margin | 9900 | -€8,375 | -€8,379 | -€4 | 0.0% |
| Operating profit (loss) | 9901 | -€8,375 | -€8,379 | -€4 | 0.0% |
| Financial income | 75/76B | €144,252 | €104,440 | -€39,812 | -27.6% |
| Recurring financial income | 75 | €144,252 | €104,440 | -€39,812 | -27.6% |
| Financial charges | 65/66B | €966,610 | €79,600 | -€887,010 | -91.8% |
| Recurring financial charges | 65 | €52,078 | €79,600 | +€27,522 | +52.8% |
| Non-recurring financial charges | 66B | €914,532 | €0 | -€914,532 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€830,732 | €16,462 | +€847,194 | |
| Income taxes | 67/77 | €2,185 | €0 | -€2,185 | -100.0% |
| Profit (loss) for the period | 9904 | -€832,917 | €16,462 | +€849,379 | |
| Profit (loss) for the period to be appropriated | 9905 | -€832,917 | €16,462 | +€849,379 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.