MARIO RAMONT: 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.
MARIO RAMONT
Largest movements
- Cash -€31,165
down €31,165 (-17.5%), from €177,842 to €146,677
mainly Net result for the year (-€23,095) and Other debts (-€22,856)
- Tangible fixed assets -€17,696
down €17,696 (-3.7%), from €472,106 to €454,411
of which Land and buildings: -€13,630
- Receivables within one year -€9,889
down €9,889 (-35.1%), from €28,197 to €18,307
of which Trade receivables: -€10,377
- Other debts -€22,856
down €22,856 (-7.6%), from €298,958 to €276,102
- Profit (loss) carried forward -€21,235
down €21,235, from €8,313 to -€12,922
- Current portion of long-term debt -€12,193
no longer reported in 2025 (was €12,193)
- Gross operating margin -€78,419
down €78,419, from €75,801 to -€2,618
- Depreciation -€13,199
down €13,199 (-42.7%), from €30,895 to €17,696
- Taxes -€12,993
down €12,993 (-98.0%), from €13,261 to €268
- Other operating charges -€2,237
down €2,237 (-48.2%), from €4,645 to €2,408
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 | €684,453 | €625,085 | -€59,368 | -8.7% |
| Fixed assets | 21/28 | €472,235 | €454,539 | -€17,696 | -3.7% |
| Tangible fixed assets | 22/27 | €472,106 | €454,411 | -€17,696 | -3.7% |
| Land and buildings | 22 | €459,698 | €446,069 | -€13,630 | -3.0% |
| Plant, machinery and equipment | 23 | €1,847 | €1,476 | -€370 | -20.1% |
| Furniture and vehicles | 24 | €2,186 | €135 | -€2,051 | -93.8% |
| Other tangible fixed assets | 26 | €8,375 | €6,731 | -€1,644 | -19.6% |
| Financial fixed assets | 28 | €128 | €128 | = | 0.0% |
| Current assets | 29/58 | €212,218 | €170,546 | -€41,672 | -19.6% |
| Stocks and contracts in progress | 3 | €4,190 | €4,190 | = | 0.0% |
| Stocks | 30/36 | €4,190 | €4,190 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €28,197 | €18,307 | -€9,889 | -35.1% |
| Trade receivables | 40 | €27,779 | €17,402 | -€10,377 | -37.4% |
| Other amounts receivable | 41 | €417 | €905 | +€488 | +117% |
| Cash at bank and in hand | 54/58 | €177,842 | €146,677 | -€31,165 | -17.5% |
| Deferred charges and accrued income | 490/1 | €1,989 | €1,372 | -€618 | -31.1% |
| Total equity and liabilities | 10/49 | €684,453 | €625,085 | -€59,368 | -8.7% |
| Equity | 10/15 | €355,536 | €332,442 | -€23,095 | -6.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €328,624 | €326,764 | -€1,860 | -0.6% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €326,764 | €326,764 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,313 | -€12,922 | -€21,235 | |
| Amounts payable | 17/49 | €328,917 | €292,644 | -€36,273 | -11.0% |
| Amounts payable within one year | 42/48 | €325,352 | €287,979 | -€37,373 | -11.5% |
| Current portion of amounts payable after more than one year | 42 | €12,193 | - | -€12,193 | |
| Trade debts | 44 | €10,791 | €5,964 | -€4,828 | -44.7% |
| Suppliers | 440/4 | €10,791 | €5,964 | -€4,828 | -44.7% |
| Advances received on contracts in progress | 46 | - | €2,504 | +€2,504 | |
| Taxes, remuneration and social security | 45 | €3,409 | €3,409 | = | 0.0% |
| Taxes | 450/3 | €3,409 | €3,409 | = | 0.0% |
| Other amounts payable | 47/48 | €298,958 | €276,102 | -€22,856 | -7.6% |
| Accrued charges and deferred income | 492/3 | €3,565 | €4,665 | +€1,100 | +30.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,895 | €17,696 | -€13,199 | -42.7% |
| Other operating charges | 640/8 | €4,645 | €2,408 | -€2,237 | -48.2% |
| Gross operating margin | 9900 | €75,801 | -€2,618 | -€78,419 | |
| Operating profit (loss) | 9901 | €40,261 | -€22,721 | -€62,982 | |
| Financial income | 75/76B | €1,317 | €1,004 | -€313 | -23.8% |
| Recurring financial income | 75 | €1,317 | €1,004 | -€313 | -23.8% |
| Financial charges | 65/66B | €1,513 | €1,109 | -€404 | -26.7% |
| Recurring financial charges | 65 | €1,513 | €1,109 | -€404 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | €40,065 | -€22,827 | -€62,892 | |
| Income taxes | 67/77 | €13,261 | €268 | -€12,993 | -98.0% |
| Profit (loss) for the period | 9904 | €26,804 | -€23,095 | -€49,899 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,804 | -€23,095 | -€49,899 |
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 26 October 2026 via checked.be.