ELTRAMO: what changed
Two fiscal 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.
ELTRAMO
Largest movements
- Current investments -€71,003
down €71,003 (-20.1%), from €353,424 to €282,420
- Cash +€40,212
up €40,212 (+410.2%), from €9,803 to €50,015
mainly Current investments (+€71,003) and Depreciation (+€15,592)
- Tangible fixed assets -€10,616
down €10,616 (-28.1%), from €37,776 to €27,160
of which Furniture and vehicles: -€14,872
- Receivables within one year +€9,304
up €9,304 (+10.0%), from €92,607 to €101,912
of which Trade receivables: +€7,135
- Profit (loss) carried forward -€17,090
down €17,090 (-10.8%), from €158,492 to €141,402
- Debts after one year -€13,498
down €13,498 (-66.3%), from €20,347 to €6,849
- Gross operating margin -€28,037
down €28,037 (-985.4%), from -€2,845 to -€30,882
- Financial income -€6,002
down €6,002 (-13.4%), from €44,919 to €38,917
- Taxes -€5,529
down €5,529 (-94.2%), from €5,871 to €342
- Other operating charges -€762
down €762 (-55.3%), from €1,376 to €615
- Financial charges +€661
up €661 (+8.3%), from €7,916 to €8,576
of which Financial charges: +€661
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.
Cash bridge derived
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 | €630,552 | €598,629 | -€31,923 | -5.1% |
| Fixed assets | 21/28 | €172,776 | €162,160 | -€10,616 | -6.1% |
| Tangible fixed assets | 22/27 | €37,776 | €27,160 | -€10,616 | -28.1% |
| Furniture and vehicles | 24 | €34,520 | €19,648 | -€14,872 | -43.1% |
| Other tangible fixed assets | 26 | €3,256 | €7,512 | +€4,256 | +130.7% |
| Financial fixed assets | 28 | €135,000 | €135,000 | = | 0.0% |
| Current assets | 29/58 | €457,776 | €436,469 | -€21,308 | -4.7% |
| Amounts receivable within one year | 40/41 | €92,607 | €101,912 | +€9,304 | +10.0% |
| Trade receivables | 40 | €92,318 | €99,453 | +€7,135 | +7.7% |
| Other amounts receivable | 41 | €289 | €2,459 | +€2,170 | +750.8% |
| Current investments | 50/53 | €353,424 | €282,420 | -€71,003 | -20.1% |
| Cash at bank and in hand | 54/58 | €9,803 | €50,015 | +€40,212 | +410.2% |
| Deferred charges and accrued income | 490/1 | €1,942 | €2,121 | +€179 | +9.2% |
| Total equity and liabilities | 10/49 | €630,552 | €598,629 | -€31,923 | -5.1% |
| Equity | 10/15 | €496,302 | €479,212 | -€17,090 | -3.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €287,810 | €287,810 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €287,810 | €287,810 | = | 0.0% |
| Profit (loss) carried forward | 14 | €158,492 | €141,402 | -€17,090 | -10.8% |
| Amounts payable | 17/49 | €134,250 | €119,417 | -€14,833 | -11.0% |
| Amounts payable after more than one year | 17 | €20,347 | €6,849 | -€13,498 | -66.3% |
| Financial debts | 170/4 | €20,347 | €6,849 | -€13,498 | -66.3% |
| Amounts payable within one year | 42/48 | €108,460 | €106,382 | -€2,078 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €13,234 | €13,498 | +€263 | +2.0% |
| Financial debts | 43 | €260 | €832 | +€572 | +220.3% |
| Credit institutions | 430/8 | €260 | €832 | +€572 | +220.3% |
| Trade debts | 44 | €1,336 | €2,305 | +€969 | +72.5% |
| Suppliers | 440/4 | €1,336 | €2,305 | +€969 | +72.5% |
| Taxes, remuneration and social security | 45 | €11,163 | €7,615 | -€3,548 | -31.8% |
| Taxes | 450/3 | €6,920 | €3,324 | -€3,596 | -52.0% |
| Remuneration and social security | 454/9 | €4,243 | €4,291 | +€48 | +1.1% |
| Other amounts payable | 47/48 | €82,467 | €82,133 | -€334 | -0.4% |
| Accrued charges and deferred income | 492/3 | €5,443 | €6,185 | +€742 | +13.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,278 | €15,592 | +€314 | +2.1% |
| Other operating charges | 640/8 | €1,376 | €615 | -€762 | -55.3% |
| Gross operating margin | 9900 | -€2,845 | -€30,882 | -€28,037 | -985.4% |
| Operating profit (loss) | 9901 | -€19,499 | -€47,089 | -€27,590 | -141.5% |
| Financial income | 75/76B | €44,919 | €38,917 | -€6,002 | -13.4% |
| Recurring financial income | 75 | €44,919 | €38,917 | -€6,002 | -13.4% |
| Financial charges | 65/66B | €7,916 | €8,576 | +€661 | +8.3% |
| Recurring financial charges | 65 | €7,916 | €8,576 | +€661 | +8.3% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €17,504 | -€16,748 | -€34,252 | |
| Income taxes | 67/77 | €5,871 | €342 | -€5,529 | -94.2% |
| Profit (loss) for the period | 9904 | €11,633 | -€17,090 | -€28,723 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,633 | -€17,090 | -€28,723 |
Source: filed annual accounts (NBB), fiscal years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.