TRENTANOVE: what changed
TRENTANOVE
Largest movements
- Receivables within one year +€102,410
up €102,410 (+790%), from €12,967 to €115,378
- Cash -€70,509
down €70,509 (-64.1%), from €109,986 to €39,476
mainly Receivables within one year (-€102,410) and Contributions, distributions and other (-€47,631)
- Tangible fixed assets -€2,125
down €2,125 (-7.2%), from €29,498 to €27,373
of which Plant, machinery and equipment: -€2,125
- Other debts +€49,252
up €49,252 (+3,811%), from €1,292 to €50,545
- Reserves -€20,353
down €20,353 (-20.6%), from €98,950 to €78,598
of which Distributable reserves: -€20,353
- Gross operating margin +€3,941
up €3,941 (+9.5%), from €41,505 to €45,446
- Taxes +€1,785
up €1,785 (+15.5%), from €11,520 to €13,305
- Depreciation -€1,754
down €1,754 (-45.2%), from €3,879 to €2,125
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €152,450 | €182,226 | +€29,776 | +19.5% |
| Fixed assets | 21/28 | €29,498 | €27,373 | -€2,125 | -7.2% |
| Tangible fixed assets | 22/27 | €29,498 | €27,373 | -€2,125 | -7.2% |
| Land and buildings | 22 | €27,373 | €27,373 | = | 0.0% |
| Plant, machinery and equipment | 23 | €2,125 | €0 | -€2,125 | -100% |
| Current assets | 29/58 | €122,953 | €154,854 | +€31,901 | +25.9% |
| Amounts receivable within one year | 40/41 | €12,967 | €115,378 | +€102,410 | +790% |
| Other amounts receivable | 41 | €12,967 | €115,378 | +€102,410 | +790% |
| Cash at bank and in hand | 54/58 | €109,986 | €39,476 | -€70,509 | -64.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €152,450 | €182,226 | +€29,776 | +19.5% |
| Equity | 10/15 | €146,070 | €125,717 | -€20,353 | -13.9% |
| Contributions | 10/11 | €47,119 | €47,119 | = | 0.0% |
| Reserves | 13 | €98,950 | €78,598 | -€20,353 | -20.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €1,554 | €1,554 | = | 0.0% |
| Distributable reserves | 133 | €97,397 | €77,044 | -€20,353 | -20.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €6,381 | €56,509 | +€50,128 | +786% |
| Amounts payable within one year | 42/48 | €5,520 | €55,648 | +€50,128 | +908% |
| Trade debts | 44 | €812 | €0 | -€812 | -100% |
| Suppliers | 440/4 | €812 | €0 | -€812 | -100% |
| Taxes, remuneration and social security | 45 | €3,416 | €5,104 | +€1,688 | +49.4% |
| Taxes | 450/3 | €3,416 | €5,104 | +€1,688 | +49.4% |
| Other amounts payable | 47/48 | €1,292 | €50,545 | +€49,252 | +3,811% |
| Accrued charges and deferred income | 492/3 | €861 | €861 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,879 | €2,125 | -€1,754 | -45.2% |
| Other operating charges | 640/8 | €2,485 | €2,523 | +€38 | +1.5% |
| Gross operating margin | 9900 | €41,505 | €45,446 | +€3,941 | +9.5% |
| Operating profit (loss) | 9901 | €35,141 | €40,798 | +€5,657 | +16.1% |
| Financial charges | 65/66B | €167 | €215 | +€48 | +28.6% |
| Recurring financial charges | 65 | €167 | €215 | +€48 | +28.6% |
| Profit (loss) for the period before taxes | 9903 | €34,974 | €40,583 | +€5,609 | +16.0% |
| Income taxes | 67/77 | €11,520 | €13,305 | +€1,785 | +15.5% |
| Profit (loss) for the period | 9904 | €23,454 | €27,278 | +€3,824 | +16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €23,454 | €27,278 | +€3,824 | +16.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.