DE RAM: 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.
DE RAM
Largest movements
- Cash +€232,840
up €232,840 (+61.1%), from €380,901 to €613,741
mainly Net result for the year (+€186,372) and Depreciation (+€46,631)
- Tangible fixed assets -€25,820
down €25,820 (-12.9%), from €199,767 to €173,947
of which Furniture and vehicles: -€25,670
- Receivables within one year -€16,802
down €16,802 (-99.7%), from €16,857 to €55
- Reserves +€186,372
up €186,372 (+31.8%), from €586,650 to €773,023
- Gross operating margin +€106,888
up €106,888 (+15.1%), from €705,591 to €812,479
- Staff costs -€67,076
down €67,076 (-11.9%), from €563,454 to €496,378
- Taxes +€53,736
up €53,736 (+190.9%), from €28,143 to €81,879
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 | €870,524 | €1,061,560 | +€191,035 | +21.9% |
| Fixed assets | 21/28 | €199,767 | €173,947 | -€25,820 | -12.9% |
| Tangible fixed assets | 22/27 | €199,767 | €173,947 | -€25,820 | -12.9% |
| Land and buildings | 22 | €60,100 | €46,450 | -€13,649 | -22.7% |
| Plant, machinery and equipment | 23 | €39,320 | €52,819 | +€13,499 | +34.3% |
| Furniture and vehicles | 24 | €100,348 | €74,678 | -€25,670 | -25.6% |
| Current assets | 29/58 | €670,758 | €887,613 | +€216,856 | +32.3% |
| Stocks and contracts in progress | 3 | €2,965 | €2,542 | -€423 | -14.3% |
| Stocks | 30/36 | €2,965 | €2,542 | -€423 | -14.3% |
| Amounts receivable within one year | 40/41 | €16,857 | €55 | -€16,802 | -99.7% |
| Other amounts receivable | 41 | €16,857 | €55 | -€16,802 | -99.7% |
| Current investments | 50/53 | €264,980 | €264,980 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €380,901 | €613,741 | +€232,840 | +61.1% |
| Deferred charges and accrued income | 490/1 | €5,054 | €6,295 | +€1,241 | +24.5% |
| Total equity and liabilities | 10/49 | €870,524 | €1,061,560 | +€191,035 | +21.9% |
| Equity | 10/15 | €605,250 | €791,623 | +€186,372 | +30.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €586,650 | €773,023 | +€186,372 | +31.8% |
| Distributable reserves | 133 | €586,650 | €773,023 | +€186,372 | +31.8% |
| Amounts payable | 17/49 | €265,274 | €269,937 | +€4,663 | +1.8% |
| Amounts payable within one year | 42/48 | €260,349 | €269,802 | +€9,453 | +3.6% |
| Trade debts | 44 | €5,428 | €7,432 | +€2,003 | +36.9% |
| Suppliers | 440/4 | €5,428 | €7,432 | +€2,003 | +36.9% |
| Taxes, remuneration and social security | 45 | €58,322 | €64,261 | +€5,939 | +10.2% |
| Taxes | 450/3 | €28,543 | €32,509 | +€3,965 | +13.9% |
| Remuneration and social security | 454/9 | €29,778 | €31,752 | +€1,974 | +6.6% |
| Other amounts payable | 47/48 | €196,599 | €198,109 | +€1,510 | +0.8% |
| Accrued charges and deferred income | 492/3 | €4,925 | €136 | -€4,790 | -97.2% |
| Remuneration, social security and pensions | 62 | €563,454 | €496,378 | -€67,076 | -11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,796 | €46,631 | -€1,165 | -2.4% |
| Other operating charges | 640/8 | €2,477 | €2,769 | +€292 | +11.8% |
| Gross operating margin | 9900 | €705,591 | €812,479 | +€106,888 | +15.1% |
| Operating profit (loss) | 9901 | €91,864 | €266,701 | +€174,837 | +190.3% |
| Financial income | 75/76B | €2,449 | €1,786 | -€663 | -27.1% |
| Recurring financial income | 75 | €2,449 | €1,786 | -€663 | -27.1% |
| Financial charges | 65/66B | €195 | €236 | +€40 | +20.7% |
| Recurring financial charges | 65 | €195 | €236 | +€40 | +20.7% |
| Profit (loss) for the period before taxes | 9903 | €94,117 | €268,251 | +€174,134 | +185.0% |
| Income taxes | 67/77 | €28,143 | €81,879 | +€53,736 | +190.9% |
| Profit (loss) for the period | 9904 | €65,975 | €186,372 | +€120,398 | +182.5% |
| Profit (loss) for the period to be appropriated | 9905 | €65,975 | €186,372 | +€120,398 | +182.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.