TRAMETAL: 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.
TRAMETAL
Largest movements
- Cash -€147,995
down €147,995 (-68.8%), from €215,149 to €67,154
mainly Receivables within one year (-€85,921) and Stocks and contracts (-€23,175)
- Receivables within one year +€85,921
up €85,921 (+40.1%), from €214,508 to €300,429
of which Trade receivables: +€105,335
- Stocks and contracts +€23,175
new in 2025: €23,175
- Tangible fixed assets +€5,068
up €5,068 (+32.0%), from €15,822 to €20,890
of which Other tangible fixed assets: +€10,849
- Other debts -€15,499
down €15,499 (-40.6%), from €38,156 to €22,658
- Profit (loss) carried forward -€14,754
down €14,754 (-19.1%), from €77,335 to €62,581
- Tax, wage and social debts +€10,407
up €10,407 (+51.9%), from €20,054 to €30,461
of which Taxes: +€9,202
- Current portion of long-term debt -€5,625
down €5,625 (-74.8%), from €7,516 to €1,892
- Staff costs +€14,459
up €14,459 (+7.7%), from €187,941 to €202,400
- Gross operating margin -€8,729
down €8,729 (-4.1%), from €210,383 to €201,655
- Taxes -€5,260
no longer reported in 2025 (was €5,260)
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 | €446,271 | €414,651 | -€31,619 | -7.1% |
| Fixed assets | 21/28 | €15,822 | €20,890 | +€5,068 | +32.0% |
| Tangible fixed assets | 22/27 | €15,822 | €20,890 | +€5,068 | +32.0% |
| Plant, machinery and equipment | 23 | €1,344 | €274 | -€1,070 | -79.6% |
| Furniture and vehicles | 24 | €14,478 | €9,766 | -€4,712 | -32.5% |
| Other tangible fixed assets | 26 | - | €10,849 | +€10,849 | |
| Current assets | 29/58 | €430,449 | €393,762 | -€36,687 | -8.5% |
| Stocks and contracts in progress | 3 | - | €23,175 | +€23,175 | |
| Stocks | 30/36 | - | €23,175 | +€23,175 | |
| Amounts receivable within one year | 40/41 | €214,508 | €300,429 | +€85,921 | +40.1% |
| Trade receivables | 40 | €156,741 | €262,075 | +€105,335 | +67.2% |
| Other amounts receivable | 41 | €57,768 | €38,354 | -€19,414 | -33.6% |
| Current investments | 50/53 | €792 | €792 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €215,149 | €67,154 | -€147,995 | -68.8% |
| Deferred charges and accrued income | 490/1 | - | €2,213 | +€2,213 | |
| Total equity and liabilities | 10/49 | €446,271 | €414,651 | -€31,619 | -7.1% |
| Equity | 10/15 | €349,819 | €335,065 | -€14,754 | -4.2% |
| 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 | €210,484 | €210,484 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €204,284 | €204,284 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,335 | €62,581 | -€14,754 | -19.1% |
| Amounts payable | 17/49 | €96,452 | €79,587 | -€16,865 | -17.5% |
| Amounts payable after more than one year | 17 | €1,892 | - | -€1,892 | |
| Financial debts | 170/4 | €1,892 | - | -€1,892 | |
| Amounts payable within one year | 42/48 | €94,560 | €79,587 | -€14,973 | -15.8% |
| Current portion of amounts payable after more than one year | 42 | €7,516 | €1,892 | -€5,625 | -74.8% |
| Trade debts | 44 | €28,834 | €24,577 | -€4,257 | -14.8% |
| Suppliers | 440/4 | €28,834 | €24,577 | -€4,257 | -14.8% |
| Taxes, remuneration and social security | 45 | €20,054 | €30,461 | +€10,407 | +51.9% |
| Taxes | 450/3 | €257 | €9,459 | +€9,202 | +3,587% |
| Remuneration and social security | 454/9 | €19,798 | €21,002 | +€1,204 | +6.1% |
| Other amounts payable | 47/48 | €38,156 | €22,658 | -€15,499 | -40.6% |
| Remuneration, social security and pensions | 62 | €187,941 | €202,400 | +€14,459 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,626 | €8,289 | +€663 | +8.7% |
| Other operating charges | 640/8 | €3,820 | €4,606 | +€786 | +20.6% |
| Gross operating margin | 9900 | €210,383 | €201,655 | -€8,729 | -4.1% |
| Operating profit (loss) | 9901 | €10,996 | -€13,640 | -€24,636 | |
| Financial income | 75/76B | €82 | €0 | -€82 | -99.9% |
| Recurring financial income | 75 | €82 | €0 | -€82 | -99.9% |
| Financial charges | 65/66B | €1,237 | €1,115 | -€122 | -9.9% |
| Recurring financial charges | 65 | €1,237 | €1,115 | -€122 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €9,841 | -€14,754 | -€24,595 | |
| Income taxes | 67/77 | €5,260 | - | -€5,260 | |
| Profit (loss) for the period | 9904 | €4,581 | -€14,754 | -€19,336 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,581 | -€14,754 | -€19,336 |
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 25 October 2026 via checked.be.