TRAMONTO: 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.
What changed
TRAMONTO
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€81,471
2024 · -€63,806+€145,277
Equity
€2.5m
2024 · €2.5m+€81,471
Cash
€19,708
2024 · €7,527+€12,180
Balance sheet total
€3.0m
2024 · €3.1m-€100,362
Largest movements
Assets
- Tangible fixed assets -€97,097
down €97,097 (-5.4%), from €1.8m to €1.7m
of which Land and buildings: -€95,443
Equity and liabilities
- Accrued charges and deferred income -€169,315
no longer reported in 2025 (was €169,315)
- Reserves +€81,471
up €81,471 (+3.5%), from €2.3m to €2.4m
of which Distributable reserves: +€137,362
Income statement
- Financial income +€197,207
up €197,207 (+2,056%), from €9,592 to €206,799
- Taxes +€34,488
up €34,488, from -€29 to €34,458
- Gross operating margin -€14,404
down €14,404 (-41.7%), from €34,534 to €20,130
- Financial charges +€1,841
up €1,841 (+100.0%), from €1,842 to €3,683
- Depreciation +€1,099
up €1,099 (+0.9%), from €117,749 to €118,848
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.
Result 2024
-€63,806
Gross operating margin
-€14,404
Depreciation
-€1,099
Other operating charges
-€98
Financial income
+€197,207
Financial charges
-€1,841
Taxes
-€34,488
Result 2025
€81,471
raises the resultlowers the result
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.
From operations
+€28,200
Investment
-€12,562
Financing
-€3,458
Cash 2024
€7,527
From operations (derived)
+€28,200
Net result for the year
+€81,471
Depreciation
+€118,848
Receivables within one year
+€1,717
Deferred charges and accrued income
+€4,538
Provisions
-€28,300
Trade debts
+€6,696
Tax, wage and social debts
+€29,967
Other debts
-€17,423
Accrued charges and deferred income
-€169,315
Investment (derived)
-€12,562
Investment in fixed assets (net)
-€21,751
Current investments
+€9,190
Financing
-€3,458
Current portion of long-term debt
-€3,458
Cash 2025
€19,708
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,076,143 | €2,975,781 | -€100,362 | -3.3% |
| Fixed assets | 21/28 | €1,782,697 | €1,685,600 | -€97,097 | -5.4% |
| Tangible fixed assets | 22/27 | €1,782,147 | €1,685,050 | -€97,097 | -5.4% |
| Land and buildings | 22 | €1,774,751 | €1,679,307 | -€95,443 | -5.4% |
| Furniture and vehicles | 24 | €7,396 | €5,743 | -€1,653 | -22.4% |
| Financial fixed assets | 28 | €550 | €550 | = | 0.0% |
| Current assets | 29/58 | €1,293,446 | €1,290,181 | -€3,265 | -0.3% |
| Amounts receivable after more than one year | 29 | €125,000 | €125,000 | = | 0.0% |
| Other amounts receivable | 291 | €125,000 | €125,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €14,419 | €12,702 | -€1,717 | -11.9% |
| Trade receivables | 40 | €1,974 | €1,361 | -€613 | -31.0% |
| Other amounts receivable | 41 | €12,445 | €11,341 | -€1,105 | -8.9% |
| Current investments | 50/53 | €1,140,713 | €1,131,523 | -€9,190 | -0.8% |
| Cash at bank and in hand | 54/58 | €7,527 | €19,708 | +€12,180 | +162% |
| Deferred charges and accrued income | 490/1 | €5,786 | €1,248 | -€4,538 | -78.4% |
| Total equity and liabilities | 10/49 | €3,076,143 | €2,975,781 | -€100,362 | -3.3% |
| Equity | 10/15 | €2,458,227 | €2,539,699 | +€81,471 | +3.3% |
| Contributions | 10/11 | €112,000 | €112,000 | = | 0.0% |
| Reserves | 13 | €2,346,227 | €2,427,699 | +€81,471 | +3.5% |
| Non-distributable reserves | 130/1 | €444,425 | €444,425 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,200 | €11,200 | = | 0.0% |
| Own shares acquired | 1312 | €433,225 | €433,225 | = | 0.0% |
| Tax-exempt reserves | 132 | €556,777 | €500,886 | -€55,891 | -10.0% |
| Distributable reserves | 133 | €1,345,025 | €1,482,387 | +€137,362 | +10.2% |
| Provisions and deferred taxes | 16 | €279,549 | €251,249 | -€28,300 | -10.1% |
| Deferred taxes | 168 | €279,549 | €251,249 | -€28,300 | -10.1% |
| Amounts payable | 17/49 | €338,367 | €184,834 | -€153,533 | -45.4% |
| Amounts payable within one year | 42/48 | €169,052 | €184,834 | +€15,782 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | €3,458 | - | -€3,458 | |
| Trade debts | 44 | €2,998 | €9,693 | +€6,696 | +223% |
| Suppliers | 440/4 | €2,998 | €9,693 | +€6,696 | +223% |
| Taxes, remuneration and social security | 45 | €1,230 | €31,197 | +€29,967 | +2,437% |
| Taxes | 450/3 | €1,230 | €31,197 | +€29,967 | +2,437% |
| Other amounts payable | 47/48 | €161,366 | €143,944 | -€17,423 | -10.8% |
| Accrued charges and deferred income | 492/3 | €169,315 | - | -€169,315 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,749 | €118,848 | +€1,099 | +0.9% |
| Other operating charges | 640/8 | €16,670 | €16,768 | +€98 | +0.6% |
| Gross operating margin | 9900 | €34,534 | €20,130 | -€14,404 | -41.7% |
| Operating profit (loss) | 9901 | -€99,885 | -€115,486 | -€15,601 | -15.6% |
| Financial income | 75/76B | €9,592 | €206,799 | +€197,207 | +2,056% |
| Recurring financial income | 75 | €9,592 | €206,799 | +€197,207 | +2,056% |
| Financial charges | 65/66B | €1,842 | €3,683 | +€1,841 | +100.0% |
| Recurring financial charges | 65 | €1,842 | €3,683 | +€1,841 | +100.0% |
| Profit (loss) for the period before taxes | 9903 | -€92,135 | €87,630 | +€179,765 | |
| Transfer from deferred taxes | 780 | €28,300 | €28,300 | = | 0.0% |
| Income taxes | 67/77 | -€29 | €34,458 | +€34,488 | |
| Profit (loss) for the period | 9904 | -€63,806 | €81,471 | +€145,277 | |
| Transfer from tax-exempt reserves | 789 | €55,891 | €55,891 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,915 | €137,362 | +€145,277 |
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 16 October 2026 via checked.be.