TUDOR MED: 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 MED
Largest movements
- Receivables within one year +€105,841
up €105,841 (+57.8%), from €183,123 to €288,964
of which Other amounts receivable: +€103,617
- Cash +€20,151
up €20,151 (+36.8%), from €54,799 to €74,950
mainly Net result for the year (+€122,878) and Other debts (+€104,447)
- Tangible fixed assets -€19,275
down €19,275 (-20.6%), from €93,788 to €74,513
of which Furniture and vehicles: -€17,267
- Other debts +€104,447
new in 2025: €104,447
- Tax, wage and social debts +€22,736
up €22,736 (+1,389%), from €1,637 to €24,373
- Debts after one year -€20,625
down €20,625 (-51.1%), from €40,342 to €19,717
- Other operating charges -€20,250
down €20,250 (-95.4%), from €21,221 to €971
- Taxes +€11,593
up €11,593 (+37.7%), from €30,784 to €42,377
- Financial income +€4,713
up €4,713 (+61.2%), from €7,702 to €12,415
- Gross operating margin +€2,339
up €2,339 (+1.3%), from €176,451 to €178,791
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 | €338,603 | €445,540 | +€106,938 | +31.6% |
| Fixed assets | 21/28 | €93,788 | €74,513 | -€19,275 | -20.6% |
| Tangible fixed assets | 22/27 | €93,788 | €74,513 | -€19,275 | -20.6% |
| Land and buildings | 22 | €14,059 | €12,051 | -€2,008 | -14.3% |
| Furniture and vehicles | 24 | €79,729 | €62,463 | -€17,267 | -21.7% |
| Current assets | 29/58 | €244,814 | €371,027 | +€126,213 | +51.6% |
| Amounts receivable within one year | 40/41 | €183,123 | €288,964 | +€105,841 | +57.8% |
| Trade receivables | 40 | €4,115 | €6,339 | +€2,224 | +54.1% |
| Other amounts receivable | 41 | €179,008 | €282,625 | +€103,617 | +57.9% |
| Cash at bank and in hand | 54/58 | €54,799 | €74,950 | +€20,151 | +36.8% |
| Deferred charges and accrued income | 490/1 | €6,893 | €7,114 | +€221 | +3.2% |
| Total equity and liabilities | 10/49 | €338,603 | €445,540 | +€106,938 | +31.6% |
| Equity | 10/15 | €274,756 | €274,756 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €256,156 | €256,156 | = | 0.0% |
| Distributable reserves | 133 | €256,156 | €256,156 | = | 0.0% |
| Amounts payable | 17/49 | €63,847 | €170,784 | +€106,938 | +167% |
| Amounts payable after more than one year | 17 | €40,342 | €19,717 | -€20,625 | -51.1% |
| Financial debts | 170/4 | €40,342 | €19,717 | -€20,625 | -51.1% |
| Amounts payable within one year | 42/48 | €23,505 | €151,067 | +€127,562 | +543% |
| Current portion of amounts payable after more than one year | 42 | €19,741 | €20,625 | +€884 | +4.5% |
| Trade debts | 44 | €2,127 | €1,623 | -€504 | -23.7% |
| Suppliers | 440/4 | €2,127 | €1,623 | -€504 | -23.7% |
| Taxes, remuneration and social security | 45 | €1,637 | €24,373 | +€22,736 | +1,389% |
| Taxes | 450/3 | €1,637 | €24,373 | +€22,736 | +1,389% |
| Other amounts payable | 47/48 | - | €104,447 | +€104,447 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,922 | €22,569 | +€646 | +2.9% |
| Other operating charges | 640/8 | €21,221 | €971 | -€20,250 | -95.4% |
| Gross operating margin | 9900 | €176,451 | €178,791 | +€2,339 | +1.3% |
| Operating profit (loss) | 9901 | €133,308 | €155,251 | +€21,943 | +16.5% |
| Financial income | 75/76B | €7,702 | €12,415 | +€4,713 | +61.2% |
| Recurring financial income | 75 | €7,702 | €12,415 | +€4,713 | +61.2% |
| Financial charges | 65/66B | €3,267 | €2,410 | -€856 | -26.2% |
| Recurring financial charges | 65 | €3,267 | €2,410 | -€856 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | €137,743 | €165,255 | +€27,512 | +20.0% |
| Income taxes | 67/77 | €30,784 | €42,377 | +€11,593 | +37.7% |
| Profit (loss) for the period | 9904 | €106,959 | €122,878 | +€15,920 | +14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €106,959 | €122,878 | +€15,920 | +14.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.