RAM: what changed
RAM
Largest movements
- Receivables within one year -€112,310
no longer reported in 2025 (was €112,310)
- Receivables after one year +€109,535
new in 2025: €109,535
- Cash +€40,110
up €40,110 (+9.3%), from €429,172 to €469,281
mainly Receivables within one year (+€112,310) and Net result for the year (+€86,974)
- Tangible fixed assets -€10,828
down €10,828 (-6.1%), from €177,934 to €167,106
of which Land and buildings: -€9,172
- Profit (loss) carried forward +€16,974
up €16,974 (+47.5%), from €35,742 to €52,716
- Other debts +€10,000
up €10,000 (+16.7%), from €60,000 to €70,000
- Turnover +€27,360
up €27,360 (+19.7%), from €138,545 to €165,904
- Gross operating margin +€21,461
up €21,461 (+24.9%), from €86,049 to €107,509
- Purchases and services +€6,131
up €6,131 (+10.2%), from €60,158 to €66,290
- Depreciation -€3,622
down €3,622 (-25.1%), from €14,450 to €10,828
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 | €719,416 | €745,922 | +€26,507 | +3.7% |
| Fixed assets | 21/28 | €177,934 | €167,106 | -€10,828 | -6.1% |
| Tangible fixed assets | 22/27 | €177,934 | €167,106 | -€10,828 | -6.1% |
| Land and buildings | 22 | €174,860 | €165,687 | -€9,172 | -5.2% |
| Plant, machinery and equipment | 23 | €1,048 | €524 | -€524 | -50.0% |
| Furniture and vehicles | 24 | €2,026 | €895 | -€1,131 | -55.8% |
| Current assets | 29/58 | €541,482 | €578,816 | +€37,334 | +6.9% |
| Amounts receivable after more than one year | 29 | - | €109,535 | +€109,535 | |
| Trade receivables | 290 | - | €109,535 | +€109,535 | |
| Amounts receivable within one year | 40/41 | €112,310 | - | -€112,310 | |
| Trade receivables | 40 | €112,310 | - | -€112,310 | |
| Cash at bank and in hand | 54/58 | €429,172 | €469,281 | +€40,110 | +9.3% |
| Total equity and liabilities | 10/49 | €719,416 | €745,922 | +€26,507 | +3.7% |
| Equity | 10/15 | €655,476 | €672,450 | +€16,974 | +2.6% |
| Contributions | 10/11 | €619,734 | €619,734 | = | 0.0% |
| Capital | 10 | €619,734 | €619,734 | = | 0.0% |
| Issued capital | 100 | €619,734 | €619,734 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,742 | €52,716 | +€16,974 | +47.5% |
| Amounts payable | 17/49 | €63,940 | €73,472 | +€9,532 | +14.9% |
| Amounts payable within one year | 42/48 | €63,940 | €73,472 | +€9,532 | +14.9% |
| Taxes, remuneration and social security | 45 | €3,940 | €3,472 | -€468 | -11.9% |
| Taxes | 450/3 | €3,940 | €3,472 | -€468 | -11.9% |
| Other amounts payable | 47/48 | €60,000 | €70,000 | +€10,000 | +16.7% |
| Turnover | 70 | €138,545 | €165,904 | +€27,360 | +19.7% |
| Non-recurring operating income | 76A | €7,663 | €7,895 | +€232 | +3.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €60,158 | €66,290 | +€6,131 | +10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,450 | €10,828 | -€3,622 | -25.1% |
| Other operating charges | 640/8 | €8,768 | €10,247 | +€1,479 | +16.9% |
| Gross operating margin | 9900 | €86,049 | €107,509 | +€21,461 | +24.9% |
| Operating profit (loss) | 9901 | €62,831 | €86,434 | +€23,604 | +37.6% |
| Financial income | 75/76B | €1,304 | €1,734 | +€430 | +32.9% |
| Recurring financial income | 75 | €1,304 | €1,734 | +€430 | +32.9% |
| Financial charges | 65/66B | €43 | €48 | +€5 | +12.8% |
| Recurring financial charges | 65 | €43 | €48 | +€5 | +12.8% |
| Profit (loss) for the period before taxes | 9903 | €64,092 | €88,120 | +€24,028 | +37.5% |
| Income taxes | 67/77 | €1,928 | €1,145 | -€782 | -40.6% |
| Profit (loss) for the period | 9904 | €62,164 | €86,974 | +€24,810 | +39.9% |
| Profit (loss) for the period to be appropriated | 9905 | €62,164 | €86,974 | +€24,810 | +39.9% |
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 8 November 2026 via checked.be.