TRENTO PROJECTS: 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.
TRENTO PROJECTS
Largest movements
- Stocks and contracts +€180,297
up €180,297 (+60.2%), from €299,515 to €479,812
- Cash -€37,545
down €37,545 (-77.0%), from €48,748 to €11,204
mainly Stocks and contracts (-€180,297) and Net result for the year (-€3,509)
- Receivables after one year -€8,308
down €8,308 (-5.3%), from €158,000 to €149,692
- Short-term financial debts +€128,835
new in 2025: €128,835
- Trade debts +€10,534
up €10,534 (+72.3%), from €14,570 to €25,103
- Other operating charges -€5,287
down €5,287 (-91.1%), from €5,807 to €520
- Financial income +€2,316
up €2,316 (+91.1%), from €2,542 to €4,858
- Financial charges +€1,324
up €1,324 (+4,450%), from €30 to €1,354
- Gross operating margin +€652
up €652 (+9.1%), from -€7,145 to -€6,493
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 | €510,358 | €644,247 | +€133,890 | +26.2% |
| Current assets | 29/58 | €510,358 | €644,247 | +€133,890 | +26.2% |
| Amounts receivable after more than one year | 29 | €158,000 | €149,692 | -€8,308 | -5.3% |
| Other amounts receivable | 291 | €158,000 | €149,692 | -€8,308 | -5.3% |
| Stocks and contracts in progress | 3 | €299,515 | €479,812 | +€180,297 | +60.2% |
| Stocks | 30/36 | €299,515 | €479,812 | +€180,297 | +60.2% |
| Amounts receivable within one year | 40/41 | €4,079 | €3,401 | -€679 | -16.6% |
| Trade receivables | 40 | €4,079 | - | -€4,079 | |
| Other amounts receivable | 41 | - | €3,401 | +€3,401 | |
| Cash at bank and in hand | 54/58 | €48,748 | €11,204 | -€37,545 | -77.0% |
| Deferred charges and accrued income | 490/1 | €15 | €139 | +€124 | +821% |
| Total equity and liabilities | 10/49 | €510,358 | €644,247 | +€133,890 | +26.2% |
| Equity | 10/15 | €478,599 | €475,090 | -€3,509 | -0.7% |
| Contributions | 10/11 | €120,548 | €120,548 | = | 0.0% |
| Reserves | 13 | €863,112 | €863,112 | = | 0.0% |
| Tax-exempt reserves | 132 | €580,675 | €580,675 | = | 0.0% |
| Distributable reserves | 133 | €282,438 | €282,438 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€505,061 | -€508,570 | -€3,509 | -0.7% |
| Amounts payable | 17/49 | €31,759 | €169,157 | +€137,398 | +433% |
| Amounts payable within one year | 42/48 | €31,759 | €169,157 | +€137,398 | +433% |
| Financial debts | 43 | - | €128,835 | +€128,835 | |
| Credit institutions | 430/8 | - | €128,835 | +€128,835 | |
| Trade debts | 44 | €14,570 | €25,103 | +€10,534 | +72.3% |
| Suppliers | 440/4 | €14,570 | €25,103 | +€10,534 | +72.3% |
| Taxes, remuneration and social security | 45 | €2,742 | €771 | -€1,971 | -71.9% |
| Taxes | 450/3 | €2,742 | €771 | -€1,971 | -71.9% |
| Other amounts payable | 47/48 | €14,447 | €14,447 | = | 0.0% |
| Other operating charges | 640/8 | €5,807 | €520 | -€5,287 | -91.1% |
| Gross operating margin | 9900 | -€7,145 | -€6,493 | +€652 | +9.1% |
| Operating profit (loss) | 9901 | -€12,952 | -€7,013 | +€5,939 | +45.9% |
| Financial income | 75/76B | €2,542 | €4,858 | +€2,316 | +91.1% |
| Recurring financial income | 75 | €2,542 | €4,858 | +€2,316 | +91.1% |
| Financial charges | 65/66B | €30 | €1,354 | +€1,324 | +4,450% |
| Recurring financial charges | 65 | €30 | €1,354 | +€1,324 | +4,450% |
| Profit (loss) for the period before taxes | 9903 | -€10,440 | -€3,509 | +€6,932 | +66.4% |
| Profit (loss) for the period | 9904 | -€10,440 | -€3,509 | +€6,932 | +66.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,440 | -€3,509 | +€6,932 | +66.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.