TRAMWAY 21: 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.
TRAMWAY 21
Largest movements
- Receivables within one year -€1.4m
down €1.4m (-96.8%), from €1.5m to €47,168
of which Other amounts receivable: -€1.4m
- Cash -€389,412
down €389,412 (-60.6%), from €642,241 to €252,829
mainly Other debts (-€1.6m) and Accrued charges and deferred income (-€95,967)
- Deferred charges and accrued income -€55,415
down €55,415 (-96.2%), from €57,602 to €2,187
- Other debts -€1.6m
down €1.6m (-99.2%), from €1.7m to €13,647
- Accrued charges and deferred income -€95,967
down €95,967 (-100.0%), from €95,967 to €0
- Tax, wage and social debts -€82,367
down €82,367 (-100.0%), from €82,367 to €0
of which Taxes: -€81,124
- Profit (loss) carried forward -€52,617
down €52,617 (-16.7%), from €314,362 to €261,745
- Gross operating margin -€407,136
down €407,136, from €317,891 to -€89,245
- Taxes -€81,124
down €81,124 (-100.0%), from €81,124 to €0
- Staff costs -€37,897
down €37,897 (-99.4%), from €38,109 to €212
- Financial charges -€12,169
down €12,169 (-95.8%), from €12,700 to €532
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 | €2,201,188 | €323,965 | -€1.9m | -85.3% |
| Fixed assets | 21/28 | €2,174 | €1,781 | -€393 | -18.1% |
| Tangible fixed assets | 22/27 | €474 | €81 | -€393 | -82.9% |
| Furniture and vehicles | 24 | €474 | €81 | -€393 | -82.9% |
| Financial fixed assets | 28 | €1,700 | €1,700 | = | 0.0% |
| Current assets | 29/58 | €2,199,013 | €322,184 | -€1.9m | -85.3% |
| Stocks and contracts in progress | 3 | €2,719 | €0 | -€2,719 | -100.0% |
| Stocks | 30/36 | €2,719 | €0 | -€2,719 | -100.0% |
| Amounts receivable within one year | 40/41 | €1,476,451 | €47,168 | -€1.4m | -96.8% |
| Trade receivables | 40 | €60,076 | €13,838 | -€46,238 | -77.0% |
| Other amounts receivable | 41 | €1,416,375 | €33,329 | -€1.4m | -97.6% |
| Current investments | 50/53 | €20,000 | €20,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €642,241 | €252,829 | -€389,412 | -60.6% |
| Deferred charges and accrued income | 490/1 | €57,602 | €2,187 | -€55,415 | -96.2% |
| Total equity and liabilities | 10/49 | €2,201,188 | €323,965 | -€1.9m | -85.3% |
| Equity | 10/15 | €344,362 | €291,745 | -€52,617 | -15.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €314,362 | €261,745 | -€52,617 | -16.7% |
| Amounts payable | 17/49 | €1,856,826 | €32,220 | -€1.8m | -98.3% |
| Amounts payable within one year | 42/48 | €1,760,859 | €32,220 | -€1.7m | -98.2% |
| Trade debts | 44 | €28,492 | €18,573 | -€9,919 | -34.8% |
| Suppliers | 440/4 | €28,492 | €18,573 | -€9,919 | -34.8% |
| Taxes, remuneration and social security | 45 | €82,367 | €0 | -€82,367 | -100.0% |
| Taxes | 450/3 | €81,124 | €0 | -€81,124 | -100.0% |
| Remuneration and social security | 454/9 | €1,244 | €0 | -€1,244 | -100.0% |
| Other amounts payable | 47/48 | €1,650,000 | €13,647 | -€1.6m | -99.2% |
| Accrued charges and deferred income | 492/3 | €95,967 | €0 | -€95,967 | -100.0% |
| Remuneration, social security and pensions | 62 | €38,109 | €212 | -€37,897 | -99.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €699 | €393 | -€305 | -43.7% |
| Other operating charges | 640/8 | €1,952 | €986 | -€966 | -49.5% |
| Gross operating margin | 9900 | €317,891 | -€89,245 | -€407,136 | |
| Operating profit (loss) | 9901 | €277,132 | -€90,836 | -€367,969 | |
| Financial income | 75/76B | €39,220 | €38,751 | -€469 | -1.2% |
| Recurring financial income | 75 | €39,220 | €38,751 | -€469 | -1.2% |
| Financial charges | 65/66B | €12,700 | €532 | -€12,169 | -95.8% |
| Recurring financial charges | 65 | €12,700 | €532 | -€12,169 | -95.8% |
| Profit (loss) for the period before taxes | 9903 | €303,652 | -€52,617 | -€356,269 | |
| Income taxes | 67/77 | €81,124 | €0 | -€81,124 | -100.0% |
| Profit (loss) for the period | 9904 | €222,529 | -€52,617 | -€275,146 | |
| Profit (loss) for the period to be appropriated | 9905 | €222,529 | -€52,617 | -€275,146 |
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 10 October 2026 via checked.be.