IMMO RAMSEL: 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.
IMMO RAMSEL
Largest movements
- Tangible fixed assets +€836,364
new in 2025: €836,364
- Receivables within one year -€135,000
no longer reported in 2025 (was €135,000)
- Debts after one year +€645,901
new in 2025: €645,901
- Other debts +€73,473
new in 2025: €73,473
- Profit (loss) carried forward -€25,034
new in 2025: -€25,034
- Current portion of long-term debt +€11,566
new in 2025: €11,566
- Depreciation +€26,136
new in 2025: €26,136
- Gross operating margin +€20,576
new in 2025: €20,576
- Financial charges +€18,670
new in 2025: €18,670
- Other operating charges +€805
new in 2025: €805
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
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 | €135,000 | €840,906 | +€705,906 | +522.9% |
| Fixed assets | 21/28 | - | €836,364 | +€836,364 | |
| Tangible fixed assets | 22/27 | - | €836,364 | +€836,364 | |
| Leasing and similar rights | 25 | - | €836,364 | +€836,364 | |
| Current assets | 29/58 | €135,000 | €4,542 | -€130,458 | -96.6% |
| Amounts receivable within one year | 40/41 | €135,000 | - | -€135,000 | |
| Other amounts receivable | 41 | €135,000 | - | -€135,000 | |
| Cash at bank and in hand | 54/58 | - | €4,542 | +€4,542 | |
| Total equity and liabilities | 10/49 | €135,000 | €840,906 | +€705,906 | +522.9% |
| Equity | 10/15 | €135,000 | €109,966 | -€25,034 | -18.5% |
| Contributions | 10/11 | €135,000 | €135,000 | = | 0.0% |
| Outside capital | 11 | €135,000 | €135,000 | = | 0.0% |
| Other | 1109/19 | €135,000 | €135,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€25,034 | -€25,034 | |
| Amounts payable | 17/49 | - | €730,940 | +€730,940 | |
| Amounts payable after more than one year | 17 | - | €645,901 | +€645,901 | |
| Financial debts | 170/4 | - | €645,901 | +€645,901 | |
| Amounts payable within one year | 42/48 | - | €85,039 | +€85,039 | |
| Current portion of amounts payable after more than one year | 42 | - | €11,566 | +€11,566 | |
| Other amounts payable | 47/48 | - | €73,473 | +€73,473 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €26,136 | +€26,136 | |
| Other operating charges | 640/8 | - | €805 | +€805 | |
| Gross operating margin | 9900 | - | €20,576 | +€20,576 | |
| Operating profit (loss) | 9901 | - | -€6,365 | -€6,365 | |
| Financial charges | 65/66B | - | €18,670 | +€18,670 | |
| Recurring financial charges | 65 | - | €18,670 | +€18,670 | |
| Profit (loss) for the period before taxes | 9903 | - | -€25,034 | -€25,034 | |
| Profit (loss) for the period | 9904 | - | -€25,034 | -€25,034 | |
| Profit (loss) for the period to be appropriated | 9905 | - | -€25,034 | -€25,034 |
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 6 October 2026 via checked.be.