TRAMAKA: 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.
TRAMAKA
Largest movements
- Receivables within one year -€11,156
down €11,156 (-11.4%), from €98,272 to €87,117
of which Other amounts receivable: -€11,007
- Cash +€9,102
up €9,102 (+85.3%), from €10,670 to €19,772
mainly Depreciation (+€23,996) and Other debts (+€23,795)
- Deferred charges and accrued income -€3,491
down €3,491 (-74.6%), from €4,679 to €1,188
- Tangible fixed assets +€3,205
up €3,205 (+2.7%), from €120,637 to €123,842
of which Furniture and vehicles: +€21,693
- Tax, wage and social debts -€24,707
down €24,707 (-47.8%), from €51,675 to €26,968
of which Taxes: -€17,771
- Other debts +€23,795
new in 2025: €23,795
- Reserves -€12,500
down €12,500 (-22.1%), from €56,464 to €43,964
- Profit (loss) carried forward +€9,059
up €9,059, from -€8,801 to €259
- Short-term financial debts -€7,085
no longer reported in 2025 (was €7,085)
- Staff costs -€22,840
down €22,840 (-9.4%), from €244,099 to €221,259
- Gross operating margin +€8,228
up €8,228 (+3.1%), from €269,065 to €277,293
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 | €242,245 | €237,746 | -€4,499 | -1.9% |
| Fixed assets | 21/28 | €120,637 | €123,842 | +€3,205 | +2.7% |
| Tangible fixed assets | 22/27 | €120,637 | €123,842 | +€3,205 | +2.7% |
| Land and buildings | 22 | €15,593 | €14,265 | -€1,328 | -8.5% |
| Plant, machinery and equipment | 23 | €102,278 | €85,118 | -€17,160 | -16.8% |
| Furniture and vehicles | 24 | €2,766 | €24,459 | +€21,693 | +784% |
| Current assets | 29/58 | €121,608 | €113,904 | -€7,704 | -6.3% |
| Stocks and contracts in progress | 3 | €7,987 | €5,828 | -€2,160 | -27.0% |
| Stocks | 30/36 | €7,987 | €5,828 | -€2,160 | -27.0% |
| Amounts receivable within one year | 40/41 | €98,272 | €87,117 | -€11,156 | -11.4% |
| Trade receivables | 40 | €341 | €193 | -€149 | -43.5% |
| Other amounts receivable | 41 | €97,931 | €86,924 | -€11,007 | -11.2% |
| Cash at bank and in hand | 54/58 | €10,670 | €19,772 | +€9,102 | +85.3% |
| Deferred charges and accrued income | 490/1 | €4,679 | €1,188 | -€3,491 | -74.6% |
| Total equity and liabilities | 10/49 | €242,245 | €237,746 | -€4,499 | -1.9% |
| Equity | 10/15 | €66,264 | €62,823 | -€3,441 | -5.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €56,464 | €43,964 | -€12,500 | -22.1% |
| Distributable reserves | 133 | €56,464 | €43,964 | -€12,500 | -22.1% |
| Profit (loss) carried forward | 14 | -€8,801 | €259 | +€9,059 | |
| Amounts payable | 17/49 | €175,981 | €174,923 | -€1,058 | -0.6% |
| Amounts payable after more than one year | 17 | €75,731 | €75,508 | -€223 | -0.3% |
| Financial debts | 170/4 | €75,731 | €75,508 | -€223 | -0.3% |
| Amounts payable within one year | 42/48 | €100,251 | €99,415 | -€836 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €21,878 | €28,541 | +€6,664 | +30.5% |
| Financial debts | 43 | €7,085 | - | -€7,085 | |
| Credit institutions | 430/8 | €7,085 | - | -€7,085 | |
| Trade debts | 44 | €19,613 | €20,111 | +€498 | +2.5% |
| Suppliers | 440/4 | €19,613 | €20,111 | +€498 | +2.5% |
| Taxes, remuneration and social security | 45 | €51,675 | €26,968 | -€24,707 | -47.8% |
| Taxes | 450/3 | €24,963 | €7,191 | -€17,771 | -71.2% |
| Remuneration and social security | 454/9 | €26,712 | €19,777 | -€6,935 | -26.0% |
| Other amounts payable | 47/48 | - | €23,795 | +€23,795 | |
| Remuneration, social security and pensions | 62 | €244,099 | €221,259 | -€22,840 | -9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,869 | €23,996 | +€1,127 | +4.9% |
| Other operating charges | 640/8 | €3,857 | €2,592 | -€1,265 | -32.8% |
| Gross operating margin | 9900 | €269,065 | €277,293 | +€8,228 | +3.1% |
| Operating profit (loss) | 9901 | -€1,761 | €29,445 | +€31,206 | |
| Financial income | 75/76B | €43 | €178 | +€136 | +319% |
| Recurring financial income | 75 | €43 | €178 | +€136 | +319% |
| Financial charges | 65/66B | €7,999 | €5,814 | -€2,184 | -27.3% |
| Recurring financial charges | 65 | €7,999 | €5,814 | -€2,184 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | -€9,717 | €23,809 | +€33,526 | |
| Income taxes | 67/77 | €1,095 | €2,250 | +€1,155 | +105% |
| Profit (loss) for the period | 9904 | -€10,812 | €21,559 | +€32,372 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,812 | €21,559 | +€32,372 |
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 18 October 2026 via checked.be.