TRAMGRAM: what changed
Two fiscal 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.
TRAMGRAM
Largest movements
- Cash -€26,296
down €26,296 (-37.7%), from €69,795 to €43,499
mainly Net result for the year (-€21,606) and Tax, wage and social debts (-€6,638)
- Receivables within one year -€2,417
down €2,417 (-21.5%), from €11,262 to €8,846
of which Trade receivables: -€2,028
- Deferred charges and accrued income +€1,778
up €1,778 (+152.4%), from €1,167 to €2,944
- Tangible fixed assets -€1,431
down €1,431 (-60.8%), from €2,354 to €923
- Profit (loss) carried forward -€21,606
down €21,606 (-32.3%), from €66,963 to €45,357
- Tax, wage and social debts -€6,638
down €6,638 (-59.1%), from €11,238 to €4,601
of which Taxes: -€3,574
- Gross operating margin -€29,423
down €29,423, from €12,247 to -€17,175
- Depreciation -€3,014
down €3,014 (-72.3%), from €4,166 to €1,152
- Taxes -€2,407
down €2,407 (-86.5%), from €2,782 to €375
- Other operating charges +€1,271
up €1,271 (+132.0%), from €962 to €2,233
- Financial charges +€628
up €628 (+1496.0%), from €42 to €670
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.
Cash bridge derived
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 | €88,925 | €60,515 | -€28,410 | -31.9% |
| Fixed assets | 21/28 | €2,502 | €1,070 | -€1,431 | -57.2% |
| Tangible fixed assets | 22/27 | €2,354 | €923 | -€1,431 | -60.8% |
| Furniture and vehicles | 24 | €2,354 | €923 | -€1,431 | -60.8% |
| Financial fixed assets | 28 | €148 | €148 | = | 0.0% |
| Current assets | 29/58 | €86,423 | €59,444 | -€26,979 | -31.2% |
| Stocks and contracts in progress | 3 | €4,199 | €4,156 | -€43 | -1.0% |
| Stocks | 30/36 | €4,199 | €4,156 | -€43 | -1.0% |
| Amounts receivable within one year | 40/41 | €11,262 | €8,846 | -€2,417 | -21.5% |
| Trade receivables | 40 | €6,835 | €4,807 | -€2,028 | -29.7% |
| Other amounts receivable | 41 | €4,428 | €4,039 | -€389 | -8.8% |
| Cash at bank and in hand | 54/58 | €69,795 | €43,499 | -€26,296 | -37.7% |
| Deferred charges and accrued income | 490/1 | €1,167 | €2,944 | +€1,778 | +152.4% |
| Total equity and liabilities | 10/49 | €88,925 | €60,515 | -€28,410 | -31.9% |
| Equity | 10/15 | €74,301 | €52,695 | -€21,606 | -29.1% |
| Contributions | 10/11 | €7,338 | €7,338 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,963 | €45,357 | -€21,606 | -32.3% |
| Amounts payable | 17/49 | €14,624 | €7,820 | -€6,804 | -46.5% |
| Amounts payable within one year | 42/48 | €14,624 | €7,820 | -€6,804 | -46.5% |
| Trade debts | 44 | €2,100 | €1,579 | -€521 | -24.8% |
| Suppliers | 440/4 | €2,100 | €1,579 | -€521 | -24.8% |
| Advances received on contracts in progress | 46 | €1,286 | €1,640 | +€354 | +27.6% |
| Taxes, remuneration and social security | 45 | €11,238 | €4,601 | -€6,638 | -59.1% |
| Taxes | 450/3 | €4,428 | €853 | -€3,574 | -80.7% |
| Remuneration and social security | 454/9 | €6,811 | €3,747 | -€3,063 | -45.0% |
| Non-recurring operating income | 76A | - | €9,235 | +€9,235 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,166 | €1,152 | -€3,014 | -72.3% |
| Other operating charges | 640/8 | €962 | €2,233 | +€1,271 | +132.0% |
| Gross operating margin | 9900 | €12,247 | -€17,175 | -€29,423 | |
| Operating profit (loss) | 9901 | €7,119 | -€20,561 | -€27,680 | |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €42 | €670 | +€628 | +1496.0% |
| Recurring financial charges | 65 | €42 | €670 | +€628 | +1496.0% |
| Profit (loss) for the period before taxes | 9903 | €7,084 | -€21,231 | -€28,315 | |
| Income taxes | 67/77 | €2,782 | €375 | -€2,407 | -86.5% |
| Profit (loss) for the period | 9904 | €4,303 | -€21,606 | -€25,909 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,303 | -€21,606 | -€25,909 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.