Tram: 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.
Tram
Largest movements
- Receivables after one year -€81,467
down €81,467 (-100%), from €81,467 to €0
- Financial fixed assets -€35,000
down €35,000 (-50.0%), from €70,000 to €35,000
- Cash -€5,832
down €5,832 (-77.5%), from €7,522 to €1,690
mainly Net result for the year (-€34,666) and Debts after one year (-€34,635)
- Tangible fixed assets -€4,846
down €4,846 (-100%), from €4,846 to €0
- Debts after one year -€34,635
down €34,635 (-50.4%), from €68,731 to €34,096
of which Financial debts: -€31,107
- Reserves -€32,141
down €32,141 (-100%), from €32,141 to €0
- Trade debts -€26,192
down €26,192 (-91.1%), from €28,749 to €2,557
- Tax, wage and social debts -€20,100
down €20,100 (-97.3%), from €20,662 to €562
of which Taxes: -€20,100
- Current portion of long-term debt -€10,687
down €10,687 (-100%), from €10,687 to €0
- Financial charges +€35,557
up €35,557 (+2,609%), from €1,363 to €36,920
of which Non-recurring financial charges: +€35,000
- Gross operating margin +€5,389
up €5,389 (+79.4%), from -€6,785 to -€1,397
- Financial income +€4,390
new in 2025: €4,390
- Depreciation -€1,444
down €1,444 (-100%), from €1,444 to €0
- Other operating charges +€373
up €373 (+102%), from €367 to €740
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 | €163,836 | €36,690 | -€127,146 | -77.6% |
| Fixed assets | 21/28 | €74,846 | €35,000 | -€39,846 | -53.2% |
| Tangible fixed assets | 22/27 | €4,846 | €0 | -€4,846 | -100% |
| Furniture and vehicles | 24 | €4,846 | €0 | -€4,846 | -100% |
| Financial fixed assets | 28 | €70,000 | €35,000 | -€35,000 | -50.0% |
| Current assets | 29/58 | €88,990 | €1,690 | -€87,300 | -98.1% |
| Amounts receivable after more than one year | 29 | €81,467 | €0 | -€81,467 | -100% |
| Other amounts receivable | 291 | €81,467 | €0 | -€81,467 | -100% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €7,522 | €1,690 | -€5,832 | -77.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €163,836 | €36,690 | -€127,146 | -77.6% |
| Equity | 10/15 | €34,141 | -€526 | -€34,666 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €32,141 | €0 | -€32,141 | -100% |
| Distributable reserves | 133 | €32,141 | €0 | -€32,141 | -100% |
| Profit (loss) carried forward | 14 | €0 | -€2,526 | -€2,526 | |
| Amounts payable | 17/49 | €129,695 | €37,215 | -€92,480 | -71.3% |
| Amounts payable after more than one year | 17 | €68,731 | €34,096 | -€34,635 | -50.4% |
| Financial debts | 170/4 | €31,107 | €0 | -€31,107 | -100% |
| Other amounts payable | 178/9 | €37,624 | €34,096 | -€3,528 | -9.4% |
| Amounts payable within one year | 42/48 | €60,098 | €3,119 | -€56,978 | -94.8% |
| Current portion of amounts payable after more than one year | 42 | €10,687 | €0 | -€10,687 | -100% |
| Trade debts | 44 | €28,749 | €2,557 | -€26,192 | -91.1% |
| Suppliers | 440/4 | €28,749 | €2,557 | -€26,192 | -91.1% |
| Taxes, remuneration and social security | 45 | €20,662 | €562 | -€20,100 | -97.3% |
| Taxes | 450/3 | €20,662 | €562 | -€20,100 | -97.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €867 | €0 | -€867 | -100% |
| Non-recurring operating income | 76A | - | €54 | +€54 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,444 | €0 | -€1,444 | -100% |
| Other operating charges | 640/8 | €367 | €740 | +€373 | +102% |
| Gross operating margin | 9900 | -€6,785 | -€1,397 | +€5,389 | +79.4% |
| Operating profit (loss) | 9901 | -€8,596 | -€2,136 | +€6,459 | +75.1% |
| Financial income | 75/76B | - | €4,390 | +€4,390 | |
| Recurring financial income | 75 | - | €4,390 | +€4,390 | |
| Financial charges | 65/66B | €1,363 | €36,920 | +€35,557 | +2,609% |
| Recurring financial charges | 65 | €1,363 | €1,920 | +€557 | +40.9% |
| Non-recurring financial charges | 66B | - | €35,000 | +€35,000 | |
| Profit (loss) for the period before taxes | 9903 | -€9,959 | -€34,666 | -€24,708 | -248% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€9,959 | -€34,666 | -€24,708 | -248% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,959 | -€34,666 | -€24,708 | -248% |
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 25 October 2026 via checked.be.