Raamsteen DR: what changed
Raamsteen DR
Largest movements
- Cash +€52,317
up €52,317 (+109%), from €48,003 to €100,321
mainly Receivables within one year (+€46,814) and Net result for the year (+€17,110)
- Receivables within one year -€46,814
down €46,814 (-29.3%), from €159,785 to €112,971
of which Trade receivables: -€43,571
- Tangible fixed assets -€10,155
down €10,155 (-38.9%), from €26,120 to €15,965
of which Furniture and vehicles: -€6,047
- Profit (loss) carried forward +€17,110
up €17,110 (+11.7%), from €145,711 to €162,820
- Other debts -€9,250
down €9,250 (-70.2%), from €13,174 to €3,923
- Trade debts -€6,512
down €6,512 (-19.2%), from €33,978 to €27,466
- Tax, wage and social debts -€5,830
down €5,830 (-13.5%), from €43,043 to €37,214
- Gross operating margin -€106,970
down €106,970 (-75.3%), from €142,040 to €35,070
- Taxes -€28,054
down €28,054 (-89.0%), from €31,522 to €3,468
- Depreciation +€3,848
up €3,848 (+48.5%), from €7,926 to €11,774
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €237,879 | €233,420 | -€4,459 | -1.9% |
| Formation expenses | 20 | €648 | €413 | -€234 | -36.2% |
| Fixed assets | 21/28 | €27,617 | €17,462 | -€10,155 | -36.8% |
| Tangible fixed assets | 22/27 | €26,120 | €15,965 | -€10,155 | -38.9% |
| Plant, machinery and equipment | 23 | €13,683 | €9,575 | -€4,108 | -30.0% |
| Furniture and vehicles | 24 | €12,436 | €6,390 | -€6,047 | -48.6% |
| Financial fixed assets | 28 | €1,497 | €1,497 | = | 0.0% |
| Current assets | 29/58 | €209,614 | €215,545 | +€5,931 | +2.8% |
| Amounts receivable within one year | 40/41 | €159,785 | €112,971 | -€46,814 | -29.3% |
| Trade receivables | 40 | €154,549 | €110,978 | -€43,571 | -28.2% |
| Other amounts receivable | 41 | €5,236 | €1,993 | -€3,243 | -61.9% |
| Cash at bank and in hand | 54/58 | €48,003 | €100,321 | +€52,317 | +109% |
| Deferred charges and accrued income | 490/1 | €1,825 | €2,253 | +€427 | +23.4% |
| Total equity and liabilities | 10/49 | €237,879 | €233,420 | -€4,459 | -1.9% |
| Equity | 10/15 | €146,711 | €163,820 | +€17,110 | +11.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Contributions outside capital | 11 | €1,000 | €1,000 | = | 0.0% |
| Other | 1109/19 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €145,711 | €162,820 | +€17,110 | +11.7% |
| Amounts payable | 17/49 | €91,168 | €69,600 | -€21,568 | -23.7% |
| Amounts payable within one year | 42/48 | €90,194 | €69,600 | -€20,595 | -22.8% |
| Trade debts | 44 | €33,978 | €27,466 | -€6,512 | -19.2% |
| Suppliers | 440/4 | €33,978 | €27,466 | -€6,512 | -19.2% |
| Advances received on contracts in progress | 46 | - | €997 | +€997 | |
| Taxes, remuneration and social security | 45 | €43,043 | €37,214 | -€5,830 | -13.5% |
| Taxes | 450/3 | €43,043 | €37,214 | -€5,830 | -13.5% |
| Other amounts payable | 47/48 | €13,174 | €3,923 | -€9,250 | -70.2% |
| Accrued charges and deferred income | 492/3 | €974 | - | -€974 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,926 | €11,774 | +€3,848 | +48.5% |
| Other operating charges | 640/8 | €1,340 | €1,266 | -€74 | -5.5% |
| Gross operating margin | 9900 | €142,040 | €35,070 | -€106,970 | -75.3% |
| Operating profit (loss) | 9901 | €132,774 | €22,030 | -€110,744 | -83.4% |
| Financial income | 75/76B | €105 | €2 | -€103 | -97.7% |
| Recurring financial income | 75 | €105 | €2 | -€103 | -97.7% |
| Financial charges | 65/66B | €1,473 | €1,455 | -€18 | -1.2% |
| Recurring financial charges | 65 | €1,473 | €1,455 | -€18 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €131,406 | €20,577 | -€110,829 | -84.3% |
| Income taxes | 67/77 | €31,522 | €3,468 | -€28,054 | -89.0% |
| Profit (loss) for the period | 9904 | €99,885 | €17,110 | -€82,775 | -82.9% |
| Profit (loss) for the period to be appropriated | 9905 | €99,885 | €17,110 | -€82,775 | -82.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.