Group Ramcom: what changed
Group Ramcom
Largest movements
- Receivables within one year +€37,561
up €37,561 (+84.3%), from €44,532 to €82,093
of which Trade receivables: +€42,874
- Cash -€14,555
down €14,555 (-92.1%), from €15,802 to €1,247
mainly Receivables within one year (-€37,561) and Investment in fixed assets (net) (-€14,705)
- Tangible fixed assets +€7,050
up €7,050 (+11.2%), from €62,879 to €69,929
of which Land and buildings: +€6,122
- Profit (loss) carried forward +€29,783
up €29,783 (+61.1%), from €48,746 to €78,530
- Trade debts +€9,174
up €9,174 (+19.9%), from €46,045 to €55,219
- Current portion of long-term debt -€6,925
no longer reported in 2024 (was €6,925)
- Debts after one year -€6,289
down €6,289 (-26.6%), from €23,618 to €17,329
- Tax, wage and social debts +€4,303
up €4,303 (+16.0%), from €26,963 to €31,266
of which Remuneration and social security: +€9,273
- Gross operating margin +€91,441
up €91,441 (+205%), from €44,511 to €135,952
- Staff costs +€55,279
up €55,279 (+222%), from €24,851 to €80,130
- Taxes +€6,837
up €6,837 (+184%), from €3,707 to €10,545
- Depreciation +€3,462
up €3,462 (+82.6%), from €4,193 to €7,655
- Financial charges +€2,135
up €2,135 (+340%), from €628 to €2,763
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €172,192 | €200,944 | +€28,752 | +16.7% |
| Fixed assets | 21/28 | €64,679 | €71,729 | +€7,050 | +10.9% |
| Tangible fixed assets | 22/27 | €62,879 | €69,929 | +€7,050 | +11.2% |
| Land and buildings | 22 | €30,623 | €36,745 | +€6,122 | +20.0% |
| Plant, machinery and equipment | 23 | €1,022 | €4,605 | +€3,583 | +350% |
| Furniture and vehicles | 24 | €25,628 | €23,776 | -€1,852 | -7.2% |
| Other tangible fixed assets | 26 | €5,605 | €4,803 | -€803 | -14.3% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €107,514 | €129,216 | +€21,702 | +20.2% |
| Stocks and contracts in progress | 3 | €44,414 | €44,414 | = | 0.0% |
| Stocks | 30/36 | €44,414 | €44,414 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €44,532 | €82,093 | +€37,561 | +84.3% |
| Trade receivables | 40 | €27,927 | €70,801 | +€42,874 | +154% |
| Other amounts receivable | 41 | €16,605 | €11,291 | -€5,313 | -32.0% |
| Cash at bank and in hand | 54/58 | €15,802 | €1,247 | -€14,555 | -92.1% |
| Deferred charges and accrued income | 490/1 | €2,766 | €1,462 | -€1,304 | -47.1% |
| Total equity and liabilities | 10/49 | €172,192 | €200,944 | +€28,752 | +16.7% |
| Equity | 10/15 | €67,346 | €97,130 | +€29,783 | +44.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,746 | €78,530 | +€29,783 | +61.1% |
| Amounts payable | 17/49 | €104,846 | €103,814 | -€1,032 | -1.0% |
| Amounts payable after more than one year | 17 | €23,618 | €17,329 | -€6,289 | -26.6% |
| Financial debts | 170/4 | €23,618 | €17,329 | -€6,289 | -26.6% |
| Amounts payable within one year | 42/48 | €79,933 | €86,485 | +€6,552 | +8.2% |
| Current portion of amounts payable after more than one year | 42 | €6,925 | - | -€6,925 | |
| Trade debts | 44 | €46,045 | €55,219 | +€9,174 | +19.9% |
| Suppliers | 440/4 | €46,045 | €55,219 | +€9,174 | +19.9% |
| Taxes, remuneration and social security | 45 | €26,963 | €31,266 | +€4,303 | +16.0% |
| Taxes | 450/3 | €22,874 | €17,905 | -€4,970 | -21.7% |
| Remuneration and social security | 454/9 | €4,089 | €13,361 | +€9,273 | +227% |
| Accrued charges and deferred income | 492/3 | €1,295 | - | -€1,295 | |
| Remuneration, social security and pensions | 62 | €24,851 | €80,130 | +€55,279 | +222% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,193 | €7,655 | +€3,462 | +82.6% |
| Other operating charges | 640/8 | €3,110 | €1,974 | -€1,136 | -36.5% |
| Non-recurring operating charges | 66A | - | €3,688 | +€3,688 | |
| Gross operating margin | 9900 | €44,511 | €135,952 | +€91,441 | +205% |
| Operating profit (loss) | 9901 | €12,357 | €42,505 | +€30,148 | +244% |
| Financial income | 75/76B | €138 | €586 | +€448 | +325% |
| Recurring financial income | 75 | €138 | €586 | +€448 | +325% |
| Financial charges | 65/66B | €628 | €2,763 | +€2,135 | +340% |
| Recurring financial charges | 65 | €628 | €2,763 | +€2,135 | +340% |
| Profit (loss) for the period before taxes | 9903 | €11,867 | €40,328 | +€28,460 | +240% |
| Income taxes | 67/77 | €3,707 | €10,545 | +€6,837 | +184% |
| Profit (loss) for the period | 9904 | €8,160 | €29,783 | +€21,623 | +265% |
| Profit (loss) for the period to be appropriated | 9905 | €8,160 | €29,783 | +€21,623 | +265% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.