JULIEN RAMAKERS: 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.
JULIEN RAMAKERS
Largest movements
- Tangible fixed assets +€18,258
new in 2025: €18,258
- Cash -€15,354
down €15,354 (-29.0%), from €52,877 to €37,522
mainly Contributions, distributions and other (-€114,726) and Investment in fixed assets (net) (-€19,650)
- Deferred charges and accrued income +€7,191
up €7,191 (+1,053%), from €683 to €7,874
- Receivables within one year -€6,155
down €6,155 (-17.9%), from €34,440 to €28,286
of which Other amounts receivable: -€7,098
- Profit (loss) carried forward -€75,400
no longer reported in 2025 (was €75,400)
- Other debts +€57,749
new in 2025: €57,749
- Tax, wage and social debts +€15,719
up €15,719 (+164%), from €9,600 to €25,319
of which Taxes: +€22,319
- Trade debts +€5,871
new in 2025: €5,871
- Gross operating margin +€51,966
up €51,966, from -€2,396 to €49,571
- Taxes +€8,410
new in 2025: €8,410
- Depreciation +€1,392
new in 2025: €1,392
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.
Derived cash bridge
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 | €88,000 | €91,940 | +€3,940 | +4.5% |
| Fixed assets | 21/28 | - | €18,258 | +€18,258 | |
| Tangible fixed assets | 22/27 | - | €18,258 | +€18,258 | |
| Furniture and vehicles | 24 | - | €18,258 | +€18,258 | |
| Current assets | 29/58 | €88,000 | €73,682 | -€14,318 | -16.3% |
| Amounts receivable within one year | 40/41 | €34,440 | €28,286 | -€6,155 | -17.9% |
| Trade receivables | 40 | €12,342 | €13,286 | +€944 | +7.6% |
| Other amounts receivable | 41 | €22,098 | €15,000 | -€7,098 | -32.1% |
| Cash at bank and in hand | 54/58 | €52,877 | €37,522 | -€15,354 | -29.0% |
| Deferred charges and accrued income | 490/1 | €683 | €7,874 | +€7,191 | +1,053% |
| Total equity and liabilities | 10/49 | €88,000 | €91,940 | +€3,940 | +4.5% |
| Equity | 10/15 | €78,400 | €3,000 | -€75,400 | -96.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,400 | - | -€75,400 | |
| Amounts payable | 17/49 | €9,600 | €88,940 | +€79,340 | +826% |
| Amounts payable within one year | 42/48 | €9,600 | €88,940 | +€79,340 | +826% |
| Trade debts | 44 | - | €5,871 | +€5,871 | |
| Suppliers | 440/4 | - | €5,871 | +€5,871 | |
| Taxes, remuneration and social security | 45 | €9,600 | €25,319 | +€15,719 | +164% |
| Taxes | 450/3 | €3,000 | €25,319 | +€22,319 | +744% |
| Remuneration and social security | 454/9 | €6,600 | - | -€6,600 | |
| Other amounts payable | 47/48 | - | €57,749 | +€57,749 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,392 | +€1,392 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€2,396 | €49,571 | +€51,966 | |
| Operating profit (loss) | 9901 | -€2,783 | €47,779 | +€50,562 | |
| Financial charges | 65/66B | €135 | €43 | -€92 | -68.3% |
| Recurring financial charges | 65 | €135 | €43 | -€92 | -68.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,918 | €47,736 | +€50,654 | |
| Income taxes | 67/77 | - | €8,410 | +€8,410 | |
| Profit (loss) for the period | 9904 | -€2,918 | €39,326 | +€42,244 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,918 | €39,326 | +€42,244 |
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 1 November 2026 via checked.be.