Tudor Rose: 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 Rose
Largest movements
- Cash -€19,483
down €19,483 (-8.0%), from €242,165 to €222,682
mainly Contributions, distributions and other (-€108,537) and Investment in fixed assets (net) (-€50,479)
- Receivables within one year -€12,564
down €12,564 (-100%), from €12,564 to €0
- Tax, wage and social debts +€25,020
up €25,020 (+35.4%), from €70,697 to €95,717
of which Taxes: +€34,291
- Current portion of long-term debt -€20,054
down €20,054 (-100%), from €20,054 to €0
- Reserves -€18,472
down €18,472 (-5.8%), from €317,925 to €299,453
- Trade debts -€18,019
down €18,019 (-16.7%), from €107,922 to €89,903
- Gross operating margin +€143,169
up €143,169 (+34.2%), from €418,754 to €561,923
- Staff costs +€59,819
up €59,819 (+19.3%), from €310,579 to €370,398
- Taxes +€22,561
up €22,561 (+109%), from €20,713 to €43,274
- Depreciation +€21,526
up €21,526 (+68.2%), from €31,580 to €53,107
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 | €529,209 | €496,159 | -€33,050 | -6.2% |
| Fixed assets | 21/28 | €264,348 | €261,721 | -€2,627 | -1.0% |
| Tangible fixed assets | 22/27 | €262,612 | €261,721 | -€892 | -0.3% |
| Land and buildings | 22 | €237,986 | €234,646 | -€3,340 | -1.4% |
| Plant, machinery and equipment | 23 | €24,627 | €27,075 | +€2,448 | +9.9% |
| Financial fixed assets | 28 | €1,736 | €0 | -€1,736 | -100% |
| Current assets | 29/58 | €264,861 | €234,438 | -€30,422 | -11.5% |
| Stocks and contracts in progress | 3 | €7,693 | €8,956 | +€1,264 | +16.4% |
| Stocks | 30/36 | €7,693 | €8,956 | +€1,264 | +16.4% |
| Amounts receivable within one year | 40/41 | €12,564 | €0 | -€12,564 | -100% |
| Trade receivables | 40 | €12,564 | €0 | -€12,564 | -100% |
| Cash at bank and in hand | 54/58 | €242,165 | €222,682 | -€19,483 | -8.0% |
| Deferred charges and accrued income | 490/1 | €2,439 | €2,800 | +€361 | +14.8% |
| Total equity and liabilities | 10/49 | €529,209 | €496,159 | -€33,050 | -6.2% |
| Equity | 10/15 | €325,925 | €307,453 | -€18,472 | -5.7% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €317,925 | €299,453 | -€18,472 | -5.8% |
| Distributable reserves | 133 | €317,925 | €299,453 | -€18,472 | -5.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €203,284 | €188,706 | -€14,578 | -7.2% |
| Amounts payable within one year | 42/48 | €203,284 | €188,706 | -€14,578 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | €20,054 | €0 | -€20,054 | -100% |
| Trade debts | 44 | €107,922 | €89,903 | -€18,019 | -16.7% |
| Suppliers | 440/4 | €107,922 | €89,903 | -€18,019 | -16.7% |
| Taxes, remuneration and social security | 45 | €70,697 | €95,717 | +€25,020 | +35.4% |
| Taxes | 450/3 | €27,546 | €61,837 | +€34,291 | +124% |
| Remuneration and social security | 454/9 | €43,151 | €33,880 | -€9,271 | -21.5% |
| Other amounts payable | 47/48 | €4,612 | €3,086 | -€1,526 | -33.1% |
| Remuneration, social security and pensions | 62 | €310,579 | €370,398 | +€59,819 | +19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,580 | €53,107 | +€21,526 | +68.2% |
| Other operating charges | 640/8 | €3,053 | €2,970 | -€83 | -2.7% |
| Gross operating margin | 9900 | €418,754 | €561,923 | +€143,169 | +34.2% |
| Operating profit (loss) | 9901 | €73,542 | €135,448 | +€61,906 | +84.2% |
| Financial income | 75/76B | €712 | €867 | +€155 | +21.7% |
| Recurring financial income | 75 | €712 | €867 | +€155 | +21.7% |
| Financial charges | 65/66B | €1,013 | €2,975 | +€1,962 | +194% |
| Recurring financial charges | 65 | €1,013 | €2,975 | +€1,962 | +194% |
| Profit (loss) for the period before taxes | 9903 | €73,241 | €133,340 | +€60,099 | +82.1% |
| Income taxes | 67/77 | €20,713 | €43,274 | +€22,561 | +109% |
| Profit (loss) for the period | 9904 | €52,528 | €90,066 | +€37,538 | +71.5% |
| Profit (loss) for the period to be appropriated | 9905 | €52,528 | €90,066 | +€37,538 | +71.5% |
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 21 October 2026 via checked.be.