H + 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.
H + RAM
Largest movements
- Receivables within one year -€27,109
down €27,109 (-84.8%), from €31,956 to €4,847
- Profit (loss) carried forward -€40,050
down €40,050 (-16.8%), from -€238,471 to -€278,520
- Other debts +€14,103
up €14,103 (+5.5%), from €255,240 to €269,343
- Gross operating margin +€10,673
up €10,673 (+30.0%), from -€35,595 to -€24,922
- Financial income -€2,785
down €2,785 (-75.4%), from €3,696 to €911
- Other operating charges +€926
up €926 (+175.4%), from €528 to €1,454
- Financial charges +€653
up €653 (+4.7%), from €13,932 to €14,585
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 | €385,019 | €357,978 | -€27,042 | -7.0% |
| Fixed assets | 21/28 | €330,038 | €330,038 | = | 0.0% |
| Tangible fixed assets | 22/27 | €330,038 | €330,038 | = | 0.0% |
| Land and buildings | 22 | €330,038 | €330,038 | = | 0.0% |
| Current assets | 29/58 | €54,982 | €27,940 | -€27,042 | -49.2% |
| Amounts receivable within one year | 40/41 | €31,956 | €4,847 | -€27,109 | -84.8% |
| Other amounts receivable | 41 | €31,956 | €4,847 | -€27,109 | -84.8% |
| Current investments | 50/53 | €20,000 | €20,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,211 | €2,200 | -€11 | -0.5% |
| Deferred charges and accrued income | 490/1 | €815 | €893 | +€78 | +9.6% |
| Total equity and liabilities | 10/49 | €385,019 | €357,978 | -€27,042 | -7.0% |
| Equity | 10/15 | €127,940 | €87,890 | -€40,050 | -31.3% |
| Contributions | 10/11 | €363,000 | €363,000 | = | 0.0% |
| Capital | 10 | €363,000 | €363,000 | = | 0.0% |
| Issued capital | 100 | €363,000 | €363,000 | = | 0.0% |
| Reserves | 13 | €3,411 | €3,411 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,411 | €3,411 | = | 0.0% |
| Legal reserve | 130 | €3,411 | €3,411 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€238,471 | -€278,520 | -€40,050 | -16.8% |
| Amounts payable | 17/49 | €257,080 | €270,087 | +€13,008 | +5.1% |
| Amounts payable within one year | 42/48 | €257,080 | €270,087 | +€13,008 | +5.1% |
| Trade debts | 44 | €1,839 | €744 | -€1,095 | -59.5% |
| Suppliers | 440/4 | €1,839 | €744 | -€1,095 | -59.5% |
| Other amounts payable | 47/48 | €255,240 | €269,343 | +€14,103 | +5.5% |
| Other operating charges | 640/8 | €528 | €1,454 | +€926 | +175.4% |
| Gross operating margin | 9900 | -€35,595 | -€24,922 | +€10,673 | +30.0% |
| Operating profit (loss) | 9901 | -€36,123 | -€26,376 | +€9,747 | +27.0% |
| Financial income | 75/76B | €3,696 | €911 | -€2,785 | -75.4% |
| Recurring financial income | 75 | €3,696 | €911 | -€2,785 | -75.4% |
| Financial charges | 65/66B | €13,932 | €14,585 | +€653 | +4.7% |
| Recurring financial charges | 65 | €13,932 | €14,585 | +€653 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | -€46,359 | -€40,050 | +€6,309 | +13.6% |
| Profit (loss) for the period | 9904 | -€46,359 | -€40,050 | +€6,309 | +13.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,359 | -€40,050 | +€6,309 | +13.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.