ANDRES RAMON: 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.
ANDRES RAMON
Largest movements
- Tangible fixed assets +€10,706
up €10,706 (+468%), from €2,290 to €12,996
of which Land and buildings: +€10,753
- Receivables within one year -€5,916
down €5,916 (-8.1%), from €73,260 to €67,344
of which Trade receivables: -€8,097
- Reserves +€23,257
up €23,257 (+63.2%), from €36,802 to €60,059
- Trade debts -€11,323
down €11,323 (-88.3%), from €12,822 to €1,499
- Tax, wage and social debts -€4,175
down €4,175 (-24.5%), from €17,056 to €12,881
- Short-term financial debts -€2,670
no longer reported in 2025 (was €2,670)
- Gross operating margin -€7,364
down €7,364 (-16.0%), from €46,131 to €38,767
- Taxes -€2,660
down €2,660 (-17.2%), from €15,427 to €12,767
- Other operating charges -€1,464
down €1,464 (-34.4%), from €4,258 to €2,794
- Financial charges +€562
up €562 (+64.4%), from €872 to €1,434
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 | €75,550 | €80,639 | +€5,088 | +6.7% |
| Fixed assets | 21/28 | €2,290 | €12,996 | +€10,706 | +468% |
| Tangible fixed assets | 22/27 | €2,290 | €12,996 | +€10,706 | +468% |
| Land and buildings | 22 | - | €10,753 | +€10,753 | |
| Plant, machinery and equipment | 23 | €1,902 | €2,243 | +€341 | +17.9% |
| Other tangible fixed assets | 26 | €388 | - | -€388 | |
| Current assets | 29/58 | €73,260 | €67,643 | -€5,618 | -7.7% |
| Amounts receivable within one year | 40/41 | €73,260 | €67,344 | -€5,916 | -8.1% |
| Trade receivables | 40 | €8,097 | - | -€8,097 | |
| Other amounts receivable | 41 | €65,164 | €67,344 | +€2,180 | +3.3% |
| Cash at bank and in hand | 54/58 | - | €299 | +€299 | |
| Total equity and liabilities | 10/49 | €75,550 | €80,639 | +€5,088 | +6.7% |
| Equity | 10/15 | €43,002 | €66,259 | +€23,257 | +54.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €36,802 | €60,059 | +€23,257 | +63.2% |
| Distributable reserves | 133 | €36,802 | €60,059 | +€23,257 | +63.2% |
| Amounts payable | 17/49 | €32,548 | €14,380 | -€18,168 | -55.8% |
| Amounts payable within one year | 42/48 | €32,548 | €14,380 | -€18,168 | -55.8% |
| Financial debts | 43 | €2,670 | - | -€2,670 | |
| Credit institutions | 430/8 | €2,670 | - | -€2,670 | |
| Trade debts | 44 | €12,822 | €1,499 | -€11,323 | -88.3% |
| Suppliers | 440/4 | €12,822 | €1,499 | -€11,323 | -88.3% |
| Taxes, remuneration and social security | 45 | €17,056 | €12,881 | -€4,175 | -24.5% |
| Taxes | 450/3 | €17,056 | €12,881 | -€4,175 | -24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,054 | €1,368 | +€313 | +29.7% |
| Other operating charges | 640/8 | €4,258 | €2,794 | -€1,464 | -34.4% |
| Gross operating margin | 9900 | €46,131 | €38,767 | -€7,364 | -16.0% |
| Operating profit (loss) | 9901 | €40,818 | €34,605 | -€6,213 | -15.2% |
| Financial income | 75/76B | €2,670 | €2,852 | +€182 | +6.8% |
| Recurring financial income | 75 | €2,670 | €2,852 | +€182 | +6.8% |
| Financial charges | 65/66B | €872 | €1,434 | +€562 | +64.4% |
| Recurring financial charges | 65 | €872 | €1,434 | +€562 | +64.4% |
| Profit (loss) for the period before taxes | 9903 | €42,616 | €36,023 | -€6,593 | -15.5% |
| Income taxes | 67/77 | €15,427 | €12,767 | -€2,660 | -17.2% |
| Profit (loss) for the period | 9904 | €27,190 | €23,257 | -€3,933 | -14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €27,190 | €23,257 | -€3,933 | -14.5% |
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 25 October 2026 via checked.be.