Tramac: 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.
Tramac
Largest movements
- Receivables within one year +€13,579
up €13,579 (+74.3%), from €18,274 to €31,853
- Stocks and contracts -€3,480
down €3,480 (-44.9%), from €7,747 to €4,267
- Tangible fixed assets -€3,169
down €3,169 (-3.2%), from €98,971 to €95,802
of which Plant, machinery and equipment: -€1,846
- Trade debts +€13,835
up €13,835 (+38.8%), from €35,617 to €49,452
- Debts after one year -€12,423
down €12,423 (-70.0%), from €17,757 to €5,334
- Profit (loss) carried forward +€4,865
up €4,865 (+29.8%), from -€16,311 to -€11,446
- Gross operating margin +€4,621
up €4,621 (+36.2%), from €12,775 to €17,396
- Other operating charges +€2,210
up €2,210 (+142%), from €1,558 to €3,769
- Financial income -€1,562
down €1,562 (-94.6%), from €1,650 to €89
- Depreciation -€934
down €934 (-13.6%), from €6,872 to €5,939
- Financial charges -€933
down €933 (-29.9%), from €3,122 to €2,189
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 | €136,809 | €144,004 | +€7,195 | +5.3% |
| Fixed assets | 21/28 | €98,971 | €95,802 | -€3,169 | -3.2% |
| Tangible fixed assets | 22/27 | €98,971 | €95,802 | -€3,169 | -3.2% |
| Land and buildings | 22 | €73,674 | €73,674 | = | 0.0% |
| Plant, machinery and equipment | 23 | €21,952 | €20,106 | -€1,846 | -8.4% |
| Furniture and vehicles | 24 | €3,344 | €2,022 | -€1,322 | -39.5% |
| Current assets | 29/58 | €37,839 | €48,203 | +€10,364 | +27.4% |
| Stocks and contracts in progress | 3 | €7,747 | €4,267 | -€3,480 | -44.9% |
| Stocks | 30/36 | €7,747 | €4,267 | -€3,480 | -44.9% |
| Amounts receivable within one year | 40/41 | €18,274 | €31,853 | +€13,579 | +74.3% |
| Trade receivables | 40 | €18,274 | €31,853 | +€13,579 | +74.3% |
| Cash at bank and in hand | 54/58 | €11,817 | €12,083 | +€266 | +2.2% |
| Total equity and liabilities | 10/49 | €136,809 | €144,004 | +€7,195 | +5.3% |
| Equity | 10/15 | €70,830 | €75,695 | +€4,865 | +6.9% |
| Contributions | 10/11 | €31,500 | €31,500 | = | 0.0% |
| Contributions outside capital | 11 | €31,500 | €31,500 | = | 0.0% |
| Other | 1109/19 | €31,500 | €31,500 | = | 0.0% |
| Revaluation surpluses | 12 | €49,579 | €49,579 | = | 0.0% |
| Reserves | 13 | €6,063 | €6,063 | = | 0.0% |
| Distributable reserves | 133 | €6,063 | €6,063 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,311 | -€11,446 | +€4,865 | +29.8% |
| Amounts payable | 17/49 | €65,979 | €68,309 | +€2,330 | +3.5% |
| Amounts payable after more than one year | 17 | €17,757 | €5,334 | -€12,423 | -70.0% |
| Financial debts | 170/4 | €17,757 | €5,334 | -€12,423 | -70.0% |
| Amounts payable within one year | 42/48 | €48,222 | €62,975 | +€14,753 | +30.6% |
| Current portion of amounts payable after more than one year | 42 | €11,529 | €12,423 | +€894 | +7.7% |
| Trade debts | 44 | €35,617 | €49,452 | +€13,835 | +38.8% |
| Suppliers | 440/4 | €35,617 | €49,452 | +€13,835 | +38.8% |
| Taxes, remuneration and social security | 45 | €1,076 | €1,100 | +€25 | +2.3% |
| Taxes | 450/3 | €1,076 | €1,100 | +€25 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,872 | €5,939 | -€934 | -13.6% |
| Other operating charges | 640/8 | €1,558 | €3,769 | +€2,210 | +142% |
| Gross operating margin | 9900 | €12,775 | €17,396 | +€4,621 | +36.2% |
| Operating profit (loss) | 9901 | €4,344 | €7,688 | +€3,344 | +77.0% |
| Financial income | 75/76B | €1,650 | €89 | -€1,562 | -94.6% |
| Recurring financial income | 75 | €1,650 | €89 | -€1,562 | -94.6% |
| Financial charges | 65/66B | €3,122 | €2,189 | -€933 | -29.9% |
| Recurring financial charges | 65 | €3,122 | €2,189 | -€933 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | €2,873 | €5,588 | +€2,715 | +94.5% |
| Income taxes | 67/77 | €1,132 | €723 | -€409 | -36.1% |
| Profit (loss) for the period | 9904 | €1,741 | €4,865 | +€3,124 | +179% |
| Profit (loss) for the period to be appropriated | 9905 | €1,741 | €4,865 | +€3,124 | +179% |
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 16 October 2026 via checked.be.