GM RAMEN: 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.
GM RAMEN
Largest movements
- Receivables within one year -€38,886
down €38,886 (-71.0%), from €54,805 to €15,918
of which Trade receivables: -€39,021
- Cash -€31,237
down €31,237 (-72.8%), from €42,880 to €11,643
mainly Net result for the year (-€34,962) and Contributions, distributions and other (-€16,842)
- Tangible fixed assets +€10,223
up €10,223 (+113.7%), from €8,994 to €19,217
of which Furniture and vehicles: +€11,128
- Profit (loss) carried forward -€34,962
new in 2025: -€34,962
- Reserves -€16,842
down €16,842 (-19.3%), from €87,222 to €70,379
of which Distributable reserves: -€16,842
- Short-term financial debts -€6,790
no longer reported in 2025 (was €6,790)
- Other debts -€3,239
down €3,239 (-43.7%), from €7,410 to €4,172
- Trade debts +€1,296
up €1,296 (+37.8%), from €3,431 to €4,727
- Gross operating margin -€51,017
down €51,017, from €25,985 to -€25,032
- Taxes -€5,361
no longer reported in 2025 (was €5,361)
- Financial charges +€1,464
up €1,464 (+116.5%), from €1,257 to €2,721
- Depreciation +€849
up €849 (+15.6%), from €5,457 to €6,306
- Other operating charges -€440
down €440 (-32.8%), from €1,343 to €902
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 | €111,553 | €51,017 | -€60,536 | -54.3% |
| Fixed assets | 21/28 | €8,994 | €19,217 | +€10,223 | +113.7% |
| Tangible fixed assets | 22/27 | €8,994 | €19,217 | +€10,223 | +113.7% |
| Plant, machinery and equipment | 23 | €3,970 | €3,065 | -€905 | -22.8% |
| Furniture and vehicles | 24 | €5,024 | €16,152 | +€11,128 | +221.5% |
| Current assets | 29/58 | €102,559 | €31,800 | -€70,759 | -69.0% |
| Stocks and contracts in progress | 3 | €4,874 | €4,239 | -€635 | -13.0% |
| Stocks | 30/36 | €4,874 | €4,239 | -€635 | -13.0% |
| Amounts receivable within one year | 40/41 | €54,805 | €15,918 | -€38,886 | -71.0% |
| Trade receivables | 40 | €49,309 | €10,287 | -€39,021 | -79.1% |
| Other amounts receivable | 41 | €5,496 | €5,631 | +€135 | +2.5% |
| Cash at bank and in hand | 54/58 | €42,880 | €11,643 | -€31,237 | -72.8% |
| Total equity and liabilities | 10/49 | €111,553 | €51,017 | -€60,536 | -54.3% |
| Equity | 10/15 | €93,422 | €41,618 | -€51,804 | -55.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €87,222 | €70,379 | -€16,842 | -19.3% |
| Non-distributable reserves | 130/1 | €91 | €91 | = | 0.0% |
| Reserves not available under the articles | 1311 | €91 | €91 | = | 0.0% |
| Distributable reserves | 133 | €87,131 | €70,288 | -€16,842 | -19.3% |
| Profit (loss) carried forward | 14 | - | -€34,962 | -€34,962 | |
| Amounts payable | 17/49 | €18,131 | €9,399 | -€8,732 | -48.2% |
| Amounts payable within one year | 42/48 | €17,631 | €8,899 | -€8,733 | -49.5% |
| Financial debts | 43 | €6,790 | - | -€6,790 | |
| Credit institutions | 430/8 | €6,790 | - | -€6,790 | |
| Trade debts | 44 | €3,431 | €4,727 | +€1,296 | +37.8% |
| Suppliers | 440/4 | €3,431 | €4,727 | +€1,296 | +37.8% |
| Other amounts payable | 47/48 | €7,410 | €4,172 | -€3,239 | -43.7% |
| Accrued charges and deferred income | 492/3 | €500 | €501 | +€1 | +0.1% |
| Non-recurring operating income | 76A | - | €40,891 | +€40,891 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,457 | €6,306 | +€849 | +15.6% |
| Other operating charges | 640/8 | €1,343 | €902 | -€440 | -32.8% |
| Gross operating margin | 9900 | €25,985 | -€25,032 | -€51,017 | |
| Operating profit (loss) | 9901 | €19,185 | -€32,240 | -€51,426 | |
| Financial income | 75/76B | €6 | €0 | -€6 | -99.7% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -99.7% |
| Financial charges | 65/66B | €1,257 | €2,721 | +€1,464 | +116.5% |
| Recurring financial charges | 65 | €1,257 | €2,721 | +€1,464 | +116.5% |
| Profit (loss) for the period before taxes | 9903 | €17,934 | -€34,962 | -€52,896 | |
| Income taxes | 67/77 | €5,361 | - | -€5,361 | |
| Profit (loss) for the period | 9904 | €12,573 | -€34,962 | -€47,535 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,573 | -€34,962 | -€47,535 |
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 10 October 2026 via checked.be.