TUDEL-TECH: 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.
TUDEL-TECH
Largest movements
- Receivables within one year +€148,592
up €148,592 (+476.7%), from €31,168 to €179,760
of which Trade receivables: +€148,552
- Cash +€12,797
up €12,797 (+75.4%), from €16,976 to €29,773
mainly Net result for the year (+€150,199) and Tax, wage and social debts (+€36,863)
- Tangible fixed assets -€8,366
down €8,366 (-44.2%), from €18,914 to €10,548
- Profit (loss) carried forward +€149,366
up €149,366 (+396.9%), from €37,634 to €187,001
- Tax, wage and social debts +€36,863
up €36,863 (+131.6%), from €28,001 to €64,863
of which Taxes: +€36,813
- Debts after one year -€30,980
down €30,980 (-17.3%), from €178,966 to €147,986
- Gross operating margin +€151,107
up €151,107 (+221.9%), from €68,098 to €219,205
- Taxes +€37,038
up €37,038 (+283.4%), from €13,070 to €50,108
- Depreciation +€2,429
up €2,429 (+35.0%), from €6,939 to €9,368
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 | €351,932 | €503,521 | +€151,589 | +43.1% |
| Formation expenses | 20 | €4,256 | €3,254 | -€1,002 | -23.5% |
| Fixed assets | 21/28 | €298,914 | €290,548 | -€8,366 | -2.8% |
| Tangible fixed assets | 22/27 | €18,914 | €10,548 | -€8,366 | -44.2% |
| Furniture and vehicles | 24 | €18,914 | €10,548 | -€8,366 | -44.2% |
| Financial fixed assets | 28 | €280,000 | €280,000 | = | 0.0% |
| Current assets | 29/58 | €48,762 | €209,718 | +€160,956 | +330.1% |
| Amounts receivable within one year | 40/41 | €31,168 | €179,760 | +€148,592 | +476.7% |
| Trade receivables | 40 | €31,168 | €179,720 | +€148,552 | +476.6% |
| Other amounts receivable | 41 | - | €40 | +€40 | |
| Cash at bank and in hand | 54/58 | €16,976 | €29,773 | +€12,797 | +75.4% |
| Deferred charges and accrued income | 490/1 | €618 | €185 | -€433 | -70.0% |
| Total equity and liabilities | 10/49 | €351,932 | €503,521 | +€151,589 | +43.1% |
| Equity | 10/15 | €95,064 | €243,823 | +€148,759 | +156.5% |
| Contributions | 10/11 | €55,000 | €55,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,634 | €187,001 | +€149,366 | +396.9% |
| Investment grants | 15 | €2,430 | €1,823 | -€608 | -25.0% |
| Amounts payable | 17/49 | €256,868 | €259,698 | +€2,830 | +1.1% |
| Amounts payable after more than one year | 17 | €178,966 | €147,986 | -€30,980 | -17.3% |
| Financial debts | 170/4 | €178,966 | €147,986 | -€30,980 | -17.3% |
| Amounts payable within one year | 42/48 | €76,158 | €110,730 | +€34,573 | +45.4% |
| Current portion of amounts payable after more than one year | 42 | €29,646 | €30,980 | +€1,334 | +4.5% |
| Trade debts | 44 | €4,377 | €2,536 | -€1,840 | -42.1% |
| Suppliers | 440/4 | €4,377 | €2,536 | -€1,840 | -42.1% |
| Taxes, remuneration and social security | 45 | €28,001 | €64,863 | +€36,863 | +131.6% |
| Taxes | 450/3 | €25,551 | €62,363 | +€36,813 | +144.1% |
| Remuneration and social security | 454/9 | €2,450 | €2,500 | +€50 | +2.0% |
| Other amounts payable | 47/48 | €14,134 | €12,351 | -€1,784 | -12.6% |
| Accrued charges and deferred income | 492/3 | €1,744 | €982 | -€762 | -43.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,939 | €9,368 | +€2,429 | +35.0% |
| Other operating charges | 640/8 | €512 | €483 | -€29 | -5.7% |
| Gross operating margin | 9900 | €68,098 | €219,205 | +€151,107 | +221.9% |
| Operating profit (loss) | 9901 | €60,647 | €209,354 | +€148,707 | +245.2% |
| Financial income | 75/76B | €608 | €608 | +€0 | 0.0% |
| Recurring financial income | 75 | €608 | €608 | +€0 | 0.0% |
| Financial charges | 65/66B | €9,718 | €9,654 | -€63 | -0.7% |
| Recurring financial charges | 65 | €9,718 | €9,654 | -€63 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €51,537 | €200,308 | +€148,770 | +288.7% |
| Income taxes | 67/77 | €13,070 | €50,108 | +€37,038 | +283.4% |
| Profit (loss) for the period | 9904 | €38,467 | €150,199 | +€111,732 | +290.5% |
| Profit (loss) for the period to be appropriated | 9905 | €38,467 | €150,199 | +€111,732 | +290.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.