TRAMEDIM: 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.
TRAMEDIM
Largest movements
- Receivables within one year +€816,824
up €816,824 (+91.1%), from €896,835 to €1.7m
of which Other amounts receivable: +€815,865
- Financial fixed assets -€179,335
down €179,335 (-4.9%), from €3.7m to €3.5m
- Cash +€165,713
up €165,713 (+50.2%), from €330,136 to €495,849
mainly Net result for the year (+€771,256) and Investment in fixed assets (net) (+€179,335)
- Reserves +€771,256
up €771,256 (+18.1%), from €4.3m to €5.0m
- Tax, wage and social debts +€79,896
up €79,896 (+547%), from €14,617 to €94,513
of which Taxes: +€72,077
- Financial income +€788,109
up €788,109 (+96,110,852%), from €1 to €788,110
- Taxes +€79,765
up €79,765 (+342%), from €23,297 to €103,062
- Gross operating margin +€59,216
up €59,216 (+15.2%), from €390,393 to €449,609
- Staff costs +€24,381
up €24,381 (+8.1%), from €302,702 to €327,083
- Depreciation -€10,356
down €10,356 (-27.4%), from €37,780 to €27,424
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 | €5,180,829 | €5,960,179 | +€779,350 | +15.0% |
| Fixed assets | 21/28 | €3,951,513 | €3,744,753 | -€206,760 | -5.2% |
| Tangible fixed assets | 22/27 | €269,796 | €242,372 | -€27,424 | -10.2% |
| Land and buildings | 22 | €253,439 | €226,704 | -€26,735 | -10.5% |
| Plant, machinery and equipment | 23 | €2,245 | €1,556 | -€689 | -30.7% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €14,112 | €14,112 | = | 0.0% |
| Financial fixed assets | 28 | €3,681,717 | €3,502,381 | -€179,335 | -4.9% |
| Current assets | 29/58 | €1,229,316 | €2,215,426 | +€986,109 | +80.2% |
| Amounts receivable within one year | 40/41 | €896,835 | €1,713,658 | +€816,824 | +91.1% |
| Trade receivables | 40 | €1,022 | €1,981 | +€959 | +93.8% |
| Other amounts receivable | 41 | €895,812 | €1,711,677 | +€815,865 | +91.1% |
| Cash at bank and in hand | 54/58 | €330,136 | €495,849 | +€165,713 | +50.2% |
| Deferred charges and accrued income | 490/1 | €2,345 | €5,918 | +€3,573 | +152% |
| Total equity and liabilities | 10/49 | €5,180,829 | €5,960,179 | +€779,350 | +15.0% |
| Equity | 10/15 | €4,939,948 | €5,711,204 | +€771,256 | +15.6% |
| Contributions | 10/11 | €673,600 | €673,600 | = | 0.0% |
| Reserves | 13 | €4,266,348 | €5,037,604 | +€771,256 | +18.1% |
| Distributable reserves | 133 | €4,266,348 | €5,037,604 | +€771,256 | +18.1% |
| Amounts payable | 17/49 | €240,882 | €248,975 | +€8,093 | +3.4% |
| Amounts payable after more than one year | 17 | €59,391 | €0 | -€59,391 | -100% |
| Financial debts | 170/4 | €59,391 | €0 | -€59,391 | -100% |
| Amounts payable within one year | 42/48 | €178,065 | €246,876 | +€68,812 | +38.6% |
| Current portion of amounts payable after more than one year | 42 | €70,706 | €59,391 | -€11,314 | -16.0% |
| Trade debts | 44 | €1,402 | €12,552 | +€11,150 | +795% |
| Suppliers | 440/4 | €1,402 | €12,552 | +€11,150 | +795% |
| Taxes, remuneration and social security | 45 | €14,617 | €94,513 | +€79,896 | +547% |
| Taxes | 450/3 | €394 | €72,470 | +€72,077 | +18,301% |
| Remuneration and social security | 454/9 | €14,224 | €22,043 | +€7,819 | +55.0% |
| Other amounts payable | 47/48 | €91,339 | €80,419 | -€10,920 | -12.0% |
| Accrued charges and deferred income | 492/3 | €3,425 | €2,098 | -€1,327 | -38.7% |
| Non-recurring operating income | 76A | €20,895 | €0 | -€20,895 | -100% |
| Remuneration, social security and pensions | 62 | €302,702 | €327,083 | +€24,381 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,780 | €27,424 | -€10,356 | -27.4% |
| Other operating charges | 640/8 | €9,997 | €6,961 | -€3,036 | -30.4% |
| Gross operating margin | 9900 | €390,393 | €449,609 | +€59,216 | +15.2% |
| Operating profit (loss) | 9901 | €39,914 | €88,141 | +€48,227 | +121% |
| Financial income | 75/76B | €1 | €788,110 | +€788,109 | +96,110,852% |
| Recurring financial income | 75 | €1 | €788,110 | +€788,109 | +96,110,852% |
| Financial charges | 65/66B | €3,992 | €1,933 | -€2,059 | -51.6% |
| Recurring financial charges | 65 | €3,992 | €1,933 | -€2,059 | -51.6% |
| Profit (loss) for the period before taxes | 9903 | €35,923 | €874,318 | +€838,395 | +2,334% |
| Income taxes | 67/77 | €23,297 | €103,062 | +€79,765 | +342% |
| Profit (loss) for the period | 9904 | €12,626 | €771,256 | +€758,630 | +6,008% |
| Profit (loss) for the period to be appropriated | 9905 | €12,626 | €771,256 | +€758,630 | +6,008% |
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 16 October 2026 via checked.be.