R.A.M.: 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.
R.A.M.
Largest movements
- Cash -€53,526
down €53,526 (-18.8%), from €284,617 to €231,091
mainly Contributions, distributions and other (-€100,000) and Other debts (-€80,728)
- Tangible fixed assets -€3,671
down €3,671 (-47.5%), from €7,733 to €4,062
- Other debts -€80,728
down €80,728 (-38.4%), from €210,000 to €129,272
- Trade debts +€16,799
up €16,799 (+143%), from €11,782 to €28,581
- Profit (loss) carried forward +€11,090
up €11,090 (+12.1%), from €91,929 to €103,020
- Gross operating margin +€13,056
up €13,056 (+9.5%), from €137,964 to €151,020
- Other operating charges -€9,511
down €9,511 (-89.1%), from €10,677 to €1,166
- Financial charges +€3,937
up €3,937 (+761%), from €517 to €4,454
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 | €350,973 | €295,715 | -€55,258 | -15.7% |
| Fixed assets | 21/28 | €7,733 | €4,062 | -€3,671 | -47.5% |
| Tangible fixed assets | 22/27 | €7,733 | €4,062 | -€3,671 | -47.5% |
| Furniture and vehicles | 24 | €7,733 | €4,062 | -€3,671 | -47.5% |
| Current assets | 29/58 | €343,241 | €291,653 | -€51,588 | -15.0% |
| Amounts receivable within one year | 40/41 | €57,776 | €59,728 | +€1,952 | +3.4% |
| Trade receivables | 40 | €38,551 | €44,489 | +€5,939 | +15.4% |
| Other amounts receivable | 41 | €19,225 | €15,238 | -€3,986 | -20.7% |
| Cash at bank and in hand | 54/58 | €284,617 | €231,091 | -€53,526 | -18.8% |
| Deferred charges and accrued income | 490/1 | €848 | €834 | -€14 | -1.6% |
| Total equity and liabilities | 10/49 | €350,973 | €295,715 | -€55,258 | -15.7% |
| Equity | 10/15 | €112,389 | €123,480 | +€11,090 | +9.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €91,929 | €103,020 | +€11,090 | +12.1% |
| Amounts payable | 17/49 | €238,584 | €172,235 | -€66,348 | -27.8% |
| Amounts payable within one year | 42/48 | €238,584 | €172,235 | -€66,348 | -27.8% |
| Current portion of amounts payable after more than one year | 42 | €3,451 | €0 | -€3,451 | -100% |
| Trade debts | 44 | €11,782 | €28,581 | +€16,799 | +143% |
| Suppliers | 440/4 | €11,782 | €28,581 | +€16,799 | +143% |
| Taxes, remuneration and social security | 45 | €13,350 | €14,383 | +€1,033 | +7.7% |
| Taxes | 450/3 | €13,350 | €14,383 | +€1,033 | +7.7% |
| Other amounts payable | 47/48 | €210,000 | €129,272 | -€80,728 | -38.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,729 | €3,671 | -€1,058 | -22.4% |
| Other operating charges | 640/8 | €10,677 | €1,166 | -€9,511 | -89.1% |
| Gross operating margin | 9900 | €137,964 | €151,020 | +€13,056 | +9.5% |
| Operating profit (loss) | 9901 | €122,558 | €146,183 | +€23,626 | +19.3% |
| Financial income | 75/76B | €180 | €1,171 | +€990 | +550% |
| Recurring financial income | 75 | €180 | €1,171 | +€990 | +550% |
| Financial charges | 65/66B | €517 | €4,454 | +€3,937 | +761% |
| Recurring financial charges | 65 | €517 | €4,454 | +€3,937 | +761% |
| Profit (loss) for the period before taxes | 9903 | €122,220 | €142,900 | +€20,679 | +16.9% |
| Income taxes | 67/77 | €31,350 | €31,809 | +€459 | +1.5% |
| Profit (loss) for the period | 9904 | €90,870 | €111,090 | +€20,220 | +22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €90,870 | €111,090 | +€20,220 | +22.3% |
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 24 October 2026 via checked.be.