TRAM 33: 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 33
Largest movements
- Deferred charges and accrued income -€10,000
no longer reported in 2025 (was €10,000)
- Receivables within one year +€3,657
up €3,657 (+30.5%), from €12,001 to €15,658
of which Trade receivables: +€2,876
- Cash -€2,215
down €2,215 (-35.1%), from €6,318 to €4,103
mainly Net result for the year (-€15,837) and Receivables within one year (-€3,657)
- Tangible fixed assets +€324
up €324 (+60.6%), from €535 to €859
of which Plant, machinery and equipment: +€479
- Profit (loss) carried forward -€15,837
down €15,837 (-82.1%), from -€19,287 to -€35,124
- Other debts +€5,490
up €5,490 (+40.6%), from €13,526 to €19,016
- Advances received +€2,500
new in 2025: €2,500
- Trade debts -€387
down €387 (-21.6%), from €1,793 to €1,406
- Gross operating margin -€23,823
down €23,823, from €10,113 to -€13,710
- Depreciation -€1,317
down €1,317 (-50.7%), from €2,597 to €1,280
- Financial income +€302
new in 2025: €302
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 | €28,854 | €20,620 | -€8,234 | -28.5% |
| Fixed assets | 21/28 | €535 | €859 | +€324 | +60.6% |
| Tangible fixed assets | 22/27 | €535 | €859 | +€324 | +60.6% |
| Land and buildings | 22 | €382 | €227 | -€155 | -40.6% |
| Plant, machinery and equipment | 23 | €153 | €632 | +€479 | +313% |
| Current assets | 29/58 | €28,319 | €19,761 | -€8,558 | -30.2% |
| Amounts receivable within one year | 40/41 | €12,001 | €15,658 | +€3,657 | +30.5% |
| Trade receivables | 40 | €5,329 | €8,205 | +€2,876 | +54.0% |
| Other amounts receivable | 41 | €6,672 | €7,453 | +€781 | +11.7% |
| Cash at bank and in hand | 54/58 | €6,318 | €4,103 | -€2,215 | -35.1% |
| Deferred charges and accrued income | 490/1 | €10,000 | - | -€10,000 | |
| Total equity and liabilities | 10/49 | €28,854 | €20,620 | -€8,234 | -28.5% |
| Equity | 10/15 | €3,535 | -€12,302 | -€15,837 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,222 | €4,222 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,222 | €4,222 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,287 | -€35,124 | -€15,837 | -82.1% |
| Amounts payable | 17/49 | €25,319 | €32,922 | +€7,603 | +30.0% |
| Amounts payable after more than one year | 17 | €10,000 | €10,000 | = | 0.0% |
| Other amounts payable | 178/9 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €15,319 | €22,922 | +€7,603 | +49.6% |
| Trade debts | 44 | €1,793 | €1,406 | -€387 | -21.6% |
| Suppliers | 440/4 | €1,793 | €1,406 | -€387 | -21.6% |
| Advances received on contracts in progress | 46 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €13,526 | €19,016 | +€5,490 | +40.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,597 | €1,280 | -€1,317 | -50.7% |
| Other operating charges | 640/8 | €1,033 | €1,101 | +€68 | +6.6% |
| Gross operating margin | 9900 | €10,113 | -€13,710 | -€23,823 | |
| Operating profit (loss) | 9901 | €6,483 | -€16,091 | -€22,574 | |
| Financial income | 75/76B | - | €302 | +€302 | |
| Recurring financial income | 75 | - | €302 | +€302 | |
| Financial charges | 65/66B | €135 | €48 | -€87 | -64.4% |
| Recurring financial charges | 65 | €135 | €48 | -€87 | -64.4% |
| Profit (loss) for the period before taxes | 9903 | €6,348 | -€15,837 | -€22,185 | |
| Profit (loss) for the period | 9904 | €6,348 | -€15,837 | -€22,185 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,348 | -€15,837 | -€22,185 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.