Electro Raman: 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.
Electro Raman
Largest movements
- Cash +€32,486
up €32,486 (+1375.5%), from €2,362 to €34,848
mainly Net result for the year (+€61,415) and Tax, wage and social debts (+€12,583)
- Receivables within one year +€27,061
up €27,061 (+179.7%), from €15,060 to €42,121
of which Trade receivables: +€30,549
- Stocks and contracts +€2,433
up €2,433 (+71.1%), from €3,423 to €5,857
- Tangible fixed assets +€1,431
new in 2025: €1,431
- Profit (loss) carried forward +€61,415
up €61,415, from -€31,328 to €30,087
- Tax, wage and social debts +€12,583
up €12,583 (+217.7%), from €5,779 to €18,361
of which Taxes: +€9,962
- Other debts -€9,346
down €9,346 (-24.8%), from €37,652 to €28,305
- Trade debts -€1,240
down €1,240 (-95.2%), from €1,302 to €62
- Gross operating margin +€98,493
up €98,493, from -€17,441 to €81,052
- Taxes +€8,604
up €8,604 (+7993.3%), from €108 to €8,712
- Staff costs +€2,891
up €2,891 (+57.4%), from €5,036 to €7,927
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 | €20,905 | €84,316 | +€63,411 | +303.3% |
| Fixed assets | 21/28 | €60 | €1,491 | +€1,431 | +2384.7% |
| Tangible fixed assets | 22/27 | - | €1,431 | +€1,431 | |
| Plant, machinery and equipment | 23 | - | €1,431 | +€1,431 | |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €20,845 | €82,825 | +€61,980 | +297.3% |
| Stocks and contracts in progress | 3 | €3,423 | €5,857 | +€2,433 | +71.1% |
| Stocks | 30/36 | €3,423 | €5,857 | +€2,433 | +71.1% |
| Amounts receivable within one year | 40/41 | €15,060 | €42,121 | +€27,061 | +179.7% |
| Trade receivables | 40 | €11,572 | €42,121 | +€30,549 | +264.0% |
| Other amounts receivable | 41 | €3,488 | - | -€3,488 | |
| Cash at bank and in hand | 54/58 | €2,362 | €34,848 | +€32,486 | +1375.5% |
| Total equity and liabilities | 10/49 | €20,905 | €84,316 | +€63,411 | +303.3% |
| Equity | 10/15 | -€23,828 | €37,587 | +€61,415 | |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,328 | €30,087 | +€61,415 | |
| Amounts payable | 17/49 | €44,732 | €46,729 | +€1,997 | +4.5% |
| Amounts payable within one year | 42/48 | €44,732 | €46,729 | +€1,997 | +4.5% |
| Trade debts | 44 | €1,302 | €62 | -€1,240 | -95.2% |
| Suppliers | 440/4 | €1,302 | €62 | -€1,240 | -95.2% |
| Taxes, remuneration and social security | 45 | €5,779 | €18,361 | +€12,583 | +217.7% |
| Taxes | 450/3 | €1,063 | €11,025 | +€9,962 | +937.0% |
| Remuneration and social security | 454/9 | €4,715 | €7,336 | +€2,620 | +55.6% |
| Other amounts payable | 47/48 | €37,652 | €28,305 | -€9,346 | -24.8% |
| Remuneration, social security and pensions | 62 | €5,036 | €7,927 | +€2,891 | +57.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €49 | +€49 | |
| Other operating charges | 640/8 | €670 | €866 | +€196 | +29.2% |
| Gross operating margin | 9900 | -€17,441 | €81,052 | +€98,493 | |
| Operating profit (loss) | 9901 | -€23,147 | €72,210 | +€95,357 | |
| Financial income | 75/76B | €4 | €1 | -€3 | -69.4% |
| Recurring financial income | 75 | €4 | €1 | -€3 | -69.4% |
| Financial charges | 65/66B | €2,309 | €2,085 | -€224 | -9.7% |
| Recurring financial charges | 65 | €2,309 | €2,085 | -€224 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | -€25,452 | €70,126 | +€95,578 | |
| Income taxes | 67/77 | €108 | €8,712 | +€8,604 | +7993.3% |
| Profit (loss) for the period | 9904 | -€25,560 | €61,415 | +€86,974 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,560 | €61,415 | +€86,974 |
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 9 October 2026 via checked.be.