TUDOR ERDA: 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.
TUDOR ERDA
Largest movements
- Stocks and contracts +€49,828
up €49,828 (+9573.0%), from €521 to €50,348
- Cash -€29,629
down €29,629 (-98.6%), from €30,045 to €416
mainly Stocks and contracts (-€49,828)
- Accrued charges and deferred income +€16,500
new in 2025: €16,500
- Profit (loss) carried forward +€3,699
up €3,699 (+14.2%), from €26,057 to €29,756
- Purchases and services +€128,891
up €128,891 (+37.3%), from €345,143 to €474,034
- Turnover +€99,436
up €99,436 (+25.4%), from €391,416 to €490,853
- Gross operating margin -€29,454
down €29,454 (-63.7%), from €46,273 to €16,819
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 | €33,057 | €53,256 | +€20,199 | +61.1% |
| Fixed assets | 21/28 | €2,492 | €2,492 | = | 0.0% |
| Financial fixed assets | 28 | €2,492 | €2,492 | = | 0.0% |
| Current assets | 29/58 | €30,565 | €50,764 | +€20,199 | +66.1% |
| Stocks and contracts in progress | 3 | €521 | €50,348 | +€49,828 | +9573.0% |
| Stocks | 30/36 | €521 | €50,348 | +€49,828 | +9573.0% |
| Cash at bank and in hand | 54/58 | €30,045 | €416 | -€29,629 | -98.6% |
| Total equity and liabilities | 10/49 | €33,057 | €53,256 | +€20,199 | +61.1% |
| Equity | 10/15 | €33,057 | €36,756 | +€3,699 | +11.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,057 | €29,756 | +€3,699 | +14.2% |
| Amounts payable | 17/49 | - | €16,500 | +€16,500 | |
| Accrued charges and deferred income | 492/3 | - | €16,500 | +€16,500 | |
| Turnover | 70 | €391,416 | €490,853 | +€99,436 | +25.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €345,143 | €474,034 | +€128,891 | +37.3% |
| Remuneration, social security and pensions | 62 | €16,749 | €14,026 | -€2,724 | -16.3% |
| Other operating charges | 640/8 | €3,349 | €1,730 | -€1,619 | -48.4% |
| Gross operating margin | 9900 | €46,273 | €16,819 | -€29,454 | -63.7% |
| Operating profit (loss) | 9901 | €26,174 | €1,063 | -€25,111 | -95.9% |
| Financial income | 75/76B | €1,883 | €2,635 | +€753 | +40.0% |
| Recurring financial income | 75 | €1,883 | €2,635 | +€753 | +40.0% |
| Profit (loss) for the period before taxes | 9903 | €28,057 | €3,699 | -€24,359 | -86.8% |
| Profit (loss) for the period | 9904 | €28,057 | €3,699 | -€24,359 | -86.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,057 | €3,699 | -€24,359 | -86.8% |
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 9 October 2026 via checked.be.