RAM: what changed
Two fiscal 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.
RAM
Largest movements
- Tangible fixed assets -€5,600
down €5,600 (-5.3%), from €105,289 to €99,689
of which Land and buildings: -€5,600
- Receivables after one year +€3,962
up €3,962 (+6.8%), from €57,966 to €61,928
- Trade debts -€2,441
down €2,441 (-41.0%), from €5,957 to €3,517
- Reserves +€2,355
up €2,355 (+1.6%), from €143,745 to €146,101
of which Distributable reserves: +€4,215
- Gross operating margin -€3,484
down €3,484 (-21.3%), from €16,389 to €12,905
- Depreciation -€2,119
down €2,119 (-27.5%), from €7,719 to €5,600
- Other operating charges +€1,210
up €1,210 (+62.4%), from €1,938 to €3,147
- Taxes -€690
down €690 (-29.4%), from €2,348 to €1,657
- Financial charges -€430
down €430 (-29.3%), from €1,468 to €1,038
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.
Cash bridge derived
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 | €177,072 | €175,610 | -€1,462 | -0.8% |
| Fixed assets | 21/28 | €105,289 | €99,689 | -€5,600 | -5.3% |
| Tangible fixed assets | 22/27 | €105,289 | €99,689 | -€5,600 | -5.3% |
| Land and buildings | 22 | €103,519 | €97,919 | -€5,600 | -5.4% |
| Furniture and vehicles | 24 | €1,770 | €1,770 | = | 0.0% |
| Current assets | 29/58 | €71,784 | €75,921 | +€4,138 | +5.8% |
| Amounts receivable after more than one year | 29 | €57,966 | €61,928 | +€3,962 | +6.8% |
| Other amounts receivable | 291 | €57,966 | €61,928 | +€3,962 | +6.8% |
| Amounts receivable within one year | 40/41 | €12,169 | €13,106 | +€938 | +7.7% |
| Trade receivables | 40 | €12,169 | €13,106 | +€938 | +7.7% |
| Cash at bank and in hand | 54/58 | €1,649 | €887 | -€762 | -46.2% |
| Total equity and liabilities | 10/49 | €177,072 | €175,610 | -€1,462 | -0.8% |
| Equity | 10/15 | €162,350 | €164,705 | +€2,355 | +1.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €143,745 | €146,101 | +€2,355 | +1.6% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €6,492 | €6,492 | = | 0.0% |
| Distributable reserves | 133 | €135,394 | €139,609 | +€4,215 | +3.1% |
| Profit (loss) carried forward | 14 | €4 | €4 | = | 0.0% |
| Amounts payable | 17/49 | €14,722 | €10,905 | -€3,817 | -25.9% |
| Amounts payable within one year | 42/48 | €14,722 | €10,905 | -€3,817 | -25.9% |
| Trade debts | 44 | €5,957 | €3,517 | -€2,441 | -41.0% |
| Suppliers | 440/4 | €5,957 | €3,517 | -€2,441 | -41.0% |
| Taxes, remuneration and social security | 45 | €8,765 | €7,389 | -€1,377 | -15.7% |
| Taxes | 450/3 | €8,765 | €7,389 | -€1,377 | -15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,719 | €5,600 | -€2,119 | -27.5% |
| Other operating charges | 640/8 | €1,938 | €3,147 | +€1,210 | +62.4% |
| Gross operating margin | 9900 | €16,389 | €12,905 | -€3,484 | -21.3% |
| Operating profit (loss) | 9901 | €6,733 | €4,158 | -€2,575 | -38.2% |
| Financial income | 75/76B | €809 | €893 | +€84 | +10.4% |
| Recurring financial income | 75 | €809 | €893 | +€84 | +10.4% |
| Financial charges | 65/66B | €1,468 | €1,038 | -€430 | -29.3% |
| Recurring financial charges | 65 | €1,468 | €1,038 | -€430 | -29.3% |
| Profit (loss) for the period before taxes | 9903 | €6,074 | €4,013 | -€2,061 | -33.9% |
| Income taxes | 67/77 | €2,348 | €1,657 | -€690 | -29.4% |
| Profit (loss) for the period | 9904 | €3,726 | €2,355 | -€1,371 | -36.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,726 | €2,355 | -€1,371 | -36.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.