TRAMANVO: 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.
TRAMANVO
Largest movements
- Current investments -€154,049
no longer reported in 2025 (was €154,049)
- Cash +€141,388
new in 2025: €141,388
mainly Current investments (+€154,049) and Net result for the year (+€102,664)
- Deferred charges and accrued income -€99,969
down €99,969 (-97.6%), from €102,433 to €2,464
- Tangible fixed assets -€29,768
down €29,768 (-28.3%), from €105,111 to €75,343
of which Furniture and vehicles: -€24,626
- Other debts -€158,038
down €158,038 (-98.0%), from €161,201 to €3,163
- Reserves +€70,522
up €70,522 (+3.7%), from €1.9m to €2.0m
of which Distributable reserves: +€70,522
- Debts after one year -€32,114
down €32,114 (-100%), from €32,114 to €0
- Current portion of long-term debt -€22,873
down €22,873 (-100%), from €22,873 to €0
- Financial income -€100,000
down €100,000 (-100%), from €100,000 to €0
- Gross operating margin +€17,979
up €17,979 (+11.7%), from €153,994 to €171,973
- Taxes +€5,395
up €5,395 (+17.3%), from €31,261 to €36,656
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 | €2,193,692 | €2,052,995 | -€140,698 | -6.4% |
| Fixed assets | 21/28 | €1,930,111 | €1,900,343 | -€29,768 | -1.5% |
| Tangible fixed assets | 22/27 | €105,111 | €75,343 | -€29,768 | -28.3% |
| Land and buildings | 22 | €46,281 | €41,139 | -€5,142 | -11.1% |
| Furniture and vehicles | 24 | €58,830 | €34,203 | -€24,626 | -41.9% |
| Financial fixed assets | 28 | €1,825,000 | €1,825,000 | = | 0.0% |
| Current assets | 29/58 | €263,581 | €152,652 | -€110,929 | -42.1% |
| Amounts receivable within one year | 40/41 | €7,100 | €8,800 | +€1,700 | +23.9% |
| Other amounts receivable | 41 | €7,100 | €8,800 | +€1,700 | +23.9% |
| Current investments | 50/53 | €154,049 | - | -€154,049 | |
| Cash at bank and in hand | 54/58 | - | €141,388 | +€141,388 | |
| Deferred charges and accrued income | 490/1 | €102,433 | €2,464 | -€99,969 | -97.6% |
| Total equity and liabilities | 10/49 | €2,193,692 | €2,052,995 | -€140,698 | -6.4% |
| Equity | 10/15 | €1,972,409 | €2,042,930 | +€70,522 | +3.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €1,922,409 | €1,992,930 | +€70,522 | +3.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,922,409 | €1,992,930 | +€70,522 | +3.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €221,283 | €10,064 | -€211,219 | -95.5% |
| Amounts payable after more than one year | 17 | €32,114 | €0 | -€32,114 | -100% |
| Financial debts | 170/4 | €32,114 | €0 | -€32,114 | -100% |
| Amounts payable within one year | 42/48 | €189,169 | €10,064 | -€179,105 | -94.7% |
| Current portion of amounts payable after more than one year | 42 | €22,873 | €0 | -€22,873 | -100% |
| Trade debts | 44 | €867 | €37 | -€830 | -95.7% |
| Suppliers | 440/4 | €867 | €37 | -€830 | -95.7% |
| Taxes, remuneration and social security | 45 | €4,228 | €6,864 | +€2,636 | +62.3% |
| Taxes | 450/3 | €4,228 | €6,864 | +€2,636 | +62.3% |
| Other amounts payable | 47/48 | €161,201 | €3,163 | -€158,038 | -98.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,922 | €29,768 | -€154 | -0.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €1,899 | €2,002 | +€103 | +5.4% |
| Gross operating margin | 9900 | €153,994 | €171,973 | +€17,979 | +11.7% |
| Operating profit (loss) | 9901 | €122,173 | €140,203 | +€18,030 | +14.8% |
| Financial income | 75/76B | €100,000 | €0 | -€100,000 | -100% |
| Recurring financial income | 75 | €100,000 | €0 | -€100,000 | -100% |
| Financial charges | 65/66B | €1,425 | €882 | -€542 | -38.1% |
| Recurring financial charges | 65 | €1,425 | €882 | -€542 | -38.1% |
| Profit (loss) for the period before taxes | 9903 | €220,748 | €139,321 | -€81,428 | -36.9% |
| Income taxes | 67/77 | €31,261 | €36,656 | +€5,395 | +17.3% |
| Profit (loss) for the period | 9904 | €189,487 | €102,664 | -€86,822 | -45.8% |
| Profit (loss) for the period to be appropriated | 9905 | €189,487 | €102,664 | -€86,822 | -45.8% |
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 22 October 2026 via checked.be.