TramContractors: 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.
What changed
TramContractors
NACE 43.240, Other construction installation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€170,345
2024 · €253,961-€424,306
Equity
€4.3m
2024 · €4.5m-€170,345
Cash
€1.8m
2024 · €1.5m+€351,818
Balance sheet total
€90.3m
2024 · €93.1m-€2.8m
Largest movements
Assets
- Receivables after one year -€3.3m
down €3.3m (-3.9%), from €85.7m to €82.3m
Equity and liabilities
- Debts after one year -€4.4m
down €4.4m (-5.7%), from €78.4m to €73.9m
- Provisions +€2.0m
up €2.0m (+35.1%), from €5.8m to €7.8m
Income statement
- Turnover -€680,231
down €680,231 (-12.8%), from €5.3m to €4.6m
- Financial income +€650,741
up €650,741 (+25.9%), from €2.5m to €3.2m
- Provisions +€512,418
up €512,418 (+33.7%), from €1.5m to €2.0m
- Goods and materials +€273,336
up €273,336 (+11.7%), from €2.3m to €2.6m
- Financial charges -€218,508
down €218,508 (-6.4%), from €3.4m to €3.2m
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.
Result 2024
€253,961
Turnover
-€680,231
Other operating income
+€196,385
Goods and materials
-€273,336
Services and other goods
-€41,766
Provisions
-€512,418
Other operating charges
-€4,711
Financial income
+€650,741
Financial charges
+€218,508
Taxes
+€22,522
Result 2025
-€170,345
raises the resultlowers the result
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.
From operations
+€5.0m
Investment
€0
Financing
-€4.7m
Cash 2024
€1.5m
From operations (derived)
+€5.0m
Net result for the year
-€170,345
Receivables after one year
+€3.3m
Receivables within one year
-€171,683
Provisions
+€2.0m
Trade debts
-€31,907
Tax, wage and social debts
+€3,242
Financing
-€4.7m
Debts after one year
-€4.4m
Current portion of long-term debt
-€207,602
Cash 2025
€1.8m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €93,123,098 | €90,300,838 | -€2.8m | -3.0% |
| Current assets | 29/58 | €93,123,098 | €90,300,838 | -€2.8m | -3.0% |
| Amounts receivable after more than one year | 29 | €85,657,958 | €82,312,197 | -€3.3m | -3.9% |
| Other amounts receivable | 291 | €85,657,958 | €82,312,197 | -€3.3m | -3.9% |
| Amounts receivable within one year | 40/41 | €5,999,273 | €6,170,956 | +€171,683 | +2.9% |
| Trade receivables | 40 | €2,725,358 | €2,755,153 | +€29,795 | +1.1% |
| Other amounts receivable | 41 | €3,273,915 | €3,415,803 | +€141,888 | +4.3% |
| Cash at bank and in hand | 54/58 | €1,465,867 | €1,817,685 | +€351,818 | +24.0% |
| Total equity and liabilities | 10/49 | €93,123,098 | €90,300,838 | -€2.8m | -3.0% |
| Equity | 10/15 | €4,519,550 | €4,349,205 | -€170,345 | -3.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,451,900 | €4,281,555 | -€170,345 | -3.8% |
| Provisions and deferred taxes | 16 | €5,778,273 | €7,809,222 | +€2.0m | +35.1% |
| Provisions for liabilities and charges | 160/5 | €5,778,273 | €7,809,222 | +€2.0m | +35.1% |
| Other liabilities and charges | 164/5 | €5,778,273 | €7,809,222 | +€2.0m | +35.1% |
| Amounts payable | 17/49 | €82,825,275 | €78,142,410 | -€4.7m | -5.7% |
| Amounts payable after more than one year | 17 | €78,358,048 | €73,911,450 | -€4.4m | -5.7% |
| Financial debts | 170/4 | €78,358,048 | €73,911,450 | -€4.4m | -5.7% |
| Subordinated loans | 170 | €2,271,117 | €1,403,258 | -€867,859 | -38.2% |
| Credit institutions | 173 | €76,086,931 | €72,508,192 | -€3.6m | -4.7% |
| Amounts payable within one year | 42/48 | €4,467,227 | €4,230,960 | -€236,267 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €3,786,339 | €3,578,737 | -€207,602 | -5.5% |
| Trade debts | 44 | €680,888 | €648,981 | -€31,907 | -4.7% |
| Suppliers | 440/4 | €680,888 | €648,981 | -€31,907 | -4.7% |
| Taxes, remuneration and social security | 45 | - | €3,242 | +€3,242 | |
| Taxes | 450/3 | - | €3,242 | +€3,242 | |
| Operating income | 70/76A | €5,318,138 | €4,834,292 | -€483,846 | -9.1% |
| Turnover | 70 | €5,318,138 | €4,637,907 | -€680,231 | -12.8% |
| Other operating income | 74 | - | €196,385 | +€196,385 | |
| Operating charges | 60/66A | €4,122,935 | €4,955,166 | +€832,231 | +20.2% |
| Goods for resale, raw materials and consumables | 60 | €2,328,122 | €2,601,458 | +€273,336 | +11.7% |
| Purchases | 600/8 | €2,328,122 | €2,601,458 | +€273,336 | +11.7% |
| Services and other goods | 61 | €256,161 | €297,927 | +€41,766 | +16.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €1,518,532 | €2,030,950 | +€512,418 | +33.7% |
| Other operating charges | 640/8 | €20,120 | €24,831 | +€4,711 | +23.4% |
| Operating profit (loss) | 9901 | €1,195,203 | -€120,874 | -€1.3m | |
| Financial income | 75/76B | €2,507,987 | €3,158,728 | +€650,741 | +25.9% |
| Recurring financial income | 75 | €2,507,987 | €3,158,728 | +€650,741 | +25.9% |
| Income from current assets | 751 | €2,507,987 | €3,158,728 | +€650,741 | +25.9% |
| Financial charges | 65/66B | €3,435,821 | €3,217,314 | -€218,508 | -6.4% |
| Recurring financial charges | 65 | €3,435,821 | €3,217,314 | -€218,508 | -6.4% |
| Debt charges | 650 | €3,435,086 | €3,216,569 | -€218,517 | -6.4% |
| Other financial charges | 652/9 | €736 | €745 | +€9 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €267,369 | -€179,460 | -€446,828 | |
| Income taxes | 67/77 | €13,408 | -€9,115 | -€22,522 | |
| Taxes | 670/3 | €182,264 | - | -€182,264 | |
| Tax adjustments and reversals of tax provisions | 77 | €168,856 | €9,115 | -€159,742 | -94.6% |
| Profit (loss) for the period | 9904 | €253,961 | -€170,345 | -€424,306 | |
| Profit (loss) for the period to be appropriated | 9905 | €253,961 | -€170,345 | -€424,306 |
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.