Tramat: 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.
Tramat
Largest movements
- Receivables within one year -€43,220
down €43,220 (-51.0%), from €84,735 to €41,516
of which Other amounts receivable: -€25,892
- Tangible fixed assets -€34,764
down €34,764 (-9.4%), from €370,553 to €335,789
- Stocks and contracts +€10,952
up €10,952 (+3.3%), from €331,332 to €342,284
of which Contracts in progress: +€17,593
- Other debts +€208,522
up €208,522 (+2,063%), from €10,106 to €218,628
- Trade debts -€184,923
down €184,923 (-92.5%), from €199,887 to €14,964
- Reserves -€76,948
down €76,948 (-33.7%), from €228,356 to €151,408
of which Distributable reserves: -€76,948
- Tax, wage and social debts -€25,084
down €25,084 (-97.7%), from €25,666 to €582
of which Taxes: -€22,759
- Short-term financial debts +€15,921
up €15,921 (+255%), from €6,241 to €22,162
- Gross operating margin -€121,526
down €121,526, from €88,983 to -€32,543
- Financial charges -€28,627
down €28,627 (-89.3%), from €32,044 to €3,417
- Depreciation +€9,662
up €9,662 (+38.3%), from €25,224 to €34,886
- Taxes -€8,995
down €8,995 (-74.6%), from €12,054 to €3,059
- Other operating charges -€4,925
down €4,925 (-92.3%), from €5,337 to €412
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 | €798,809 | €722,521 | -€76,287 | -9.6% |
| Fixed assets | 21/28 | €370,919 | €336,033 | -€34,886 | -9.4% |
| Intangible fixed assets | 21 | €366 | €244 | -€122 | -33.3% |
| Tangible fixed assets | 22/27 | €370,553 | €335,789 | -€34,764 | -9.4% |
| Land and buildings | 22 | €203,402 | €202,406 | -€996 | -0.5% |
| Plant, machinery and equipment | 23 | €88,100 | €72,490 | -€15,610 | -17.7% |
| Furniture and vehicles | 24 | €33,927 | €24,849 | -€9,078 | -26.8% |
| Leasing and similar rights | 25 | €45,124 | €36,044 | -€9,079 | -20.1% |
| Current assets | 29/58 | €427,890 | €386,488 | -€41,402 | -9.7% |
| Amounts receivable after more than one year | 29 | €6,689 | - | -€6,689 | |
| Other amounts receivable | 291 | €6,689 | - | -€6,689 | |
| Stocks and contracts in progress | 3 | €331,332 | €342,284 | +€10,952 | +3.3% |
| Stocks | 30/36 | €81,332 | €74,692 | -€6,640 | -8.2% |
| Contracts in progress | 37 | €250,000 | €267,593 | +€17,593 | +7.0% |
| Amounts receivable within one year | 40/41 | €84,735 | €41,516 | -€43,220 | -51.0% |
| Trade receivables | 40 | €50,257 | €32,929 | -€17,328 | -34.5% |
| Other amounts receivable | 41 | €34,478 | €8,587 | -€25,892 | -75.1% |
| Cash at bank and in hand | 54/58 | €1,571 | €228 | -€1,344 | -85.5% |
| Deferred charges and accrued income | 490/1 | €3,562 | €2,461 | -€1,101 | -30.9% |
| Total equity and liabilities | 10/49 | €798,809 | €722,521 | -€76,287 | -9.6% |
| Equity | 10/15 | €290,356 | €213,408 | -€76,948 | -26.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €228,356 | €151,408 | -€76,948 | -33.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,915 | €1,915 | = | 0.0% |
| Distributable reserves | 133 | €220,241 | €143,293 | -€76,948 | -34.9% |
| Amounts payable | 17/49 | €508,453 | €509,114 | +€661 | +0.1% |
| Amounts payable after more than one year | 17 | €252,777 | €240,549 | -€12,228 | -4.8% |
| Financial debts | 170/4 | €252,777 | €240,549 | -€12,228 | -4.8% |
| Amounts payable within one year | 42/48 | €253,676 | €268,565 | +€14,889 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €11,775 | €12,228 | +€453 | +3.8% |
| Financial debts | 43 | €6,241 | €22,162 | +€15,921 | +255% |
| Credit institutions | 430/8 | €6,241 | €22,162 | +€15,921 | +255% |
| Trade debts | 44 | €199,887 | €14,964 | -€184,923 | -92.5% |
| Suppliers | 440/4 | €199,887 | €14,964 | -€184,923 | -92.5% |
| Taxes, remuneration and social security | 45 | €25,666 | €582 | -€25,084 | -97.7% |
| Taxes | 450/3 | €23,076 | €317 | -€22,759 | -98.6% |
| Remuneration and social security | 454/9 | €2,590 | €265 | -€2,325 | -89.8% |
| Other amounts payable | 47/48 | €10,106 | €218,628 | +€208,522 | +2,063% |
| Accrued charges and deferred income | 492/3 | €2,000 | - | -€2,000 | |
| Non-recurring operating income | 76A | €1,653 | - | -€1,653 | |
| Remuneration, social security and pensions | 62 | €130 | €2,948 | +€2,818 | +2,165% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,224 | €34,886 | +€9,662 | +38.3% |
| Other operating charges | 640/8 | €5,337 | €412 | -€4,925 | -92.3% |
| Gross operating margin | 9900 | €88,983 | -€32,543 | -€121,526 | |
| Operating profit (loss) | 9901 | €58,291 | -€70,789 | -€129,081 | |
| Financial income | 75/76B | €176 | €317 | +€141 | +80.2% |
| Recurring financial income | 75 | €176 | €317 | +€141 | +80.2% |
| Financial charges | 65/66B | €32,044 | €3,417 | -€28,627 | -89.3% |
| Recurring financial charges | 65 | €32,044 | €3,417 | -€28,627 | -89.3% |
| Profit (loss) for the period before taxes | 9903 | €26,423 | -€73,889 | -€100,312 | |
| Income taxes | 67/77 | €12,054 | €3,059 | -€8,995 | -74.6% |
| Profit (loss) for the period | 9904 | €14,369 | -€76,948 | -€91,317 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,369 | -€76,948 | -€91,317 |
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 14 October 2026 via checked.be.