RAM: 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.
RAM
Largest movements
- Current investments +€1.0m
up €1.0m, from €0 to €1.0m
- Cash -€556,710
down €556,710 (-94.8%), from €587,551 to €30,841
mainly Current investments (-€1.0m) and Trade debts (-€6,138)
- Receivables within one year -€366,531
down €366,531 (-82.4%), from €444,689 to €78,158
of which Other amounts receivable: -€324,561
- Profit (loss) carried forward +€59,763
up €59,763 (+4.1%), from €1.5m to €1.5m
- Other operating charges -€19,463
down €19,463 (-93.1%), from €20,912 to €1,450
- Gross operating margin -€8,141
down €8,141 (-43.2%), from €18,863 to €10,722
- Financial income -€4,471
down €4,471 (-7.1%), from €62,771 to €58,299
- Taxes -€1,584
down €1,584 (-100%), from €1,584 to €0
- Depreciation +€336
up €336 (+4.9%), from €6,795 to €7,131
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 | €3,203,194 | €3,255,604 | +€52,410 | +1.6% |
| Fixed assets | 21/28 | €1,937,516 | €1,930,385 | -€7,131 | -0.4% |
| Tangible fixed assets | 22/27 | €1,639,089 | €1,631,958 | -€7,131 | -0.4% |
| Land and buildings | 22 | €1,624,419 | €1,624,419 | = | 0.0% |
| Plant, machinery and equipment | 23 | €2,342 | €1,840 | -€501 | -21.4% |
| Furniture and vehicles | 24 | €12,329 | €5,699 | -€6,629 | -53.8% |
| Financial fixed assets | 28 | €298,427 | €298,427 | = | 0.0% |
| Current assets | 29/58 | €1,265,678 | €1,325,219 | +€59,541 | +4.7% |
| Amounts receivable after more than one year | 29 | €231,367 | €214,149 | -€17,218 | -7.4% |
| Other amounts receivable | 291 | €231,367 | €214,149 | -€17,218 | -7.4% |
| Amounts receivable within one year | 40/41 | €444,689 | €78,158 | -€366,531 | -82.4% |
| Trade receivables | 40 | €50,482 | €8,512 | -€41,970 | -83.1% |
| Other amounts receivable | 41 | €394,208 | €69,646 | -€324,561 | -82.3% |
| Current investments | 50/53 | €0 | €1,000,000 | +€1.0m | |
| Cash at bank and in hand | 54/58 | €587,551 | €30,841 | -€556,710 | -94.8% |
| Deferred charges and accrued income | 490/1 | €2,071 | €2,071 | = | 0.0% |
| Total equity and liabilities | 10/49 | €3,203,194 | €3,255,604 | +€52,410 | +1.6% |
| Equity | 10/15 | €3,194,499 | €3,254,261 | +€59,763 | +1.9% |
| Contributions | 10/11 | €1,562,121 | €1,562,121 | = | 0.0% |
| Reserves | 13 | €165,082 | €165,082 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,870 | €8,870 | = | 0.0% |
| Distributable reserves | 133 | €156,212 | €156,212 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,467,295 | €1,527,058 | +€59,763 | +4.1% |
| Amounts payable | 17/49 | €8,695 | €1,342 | -€7,353 | -84.6% |
| Amounts payable within one year | 42/48 | €8,695 | €1,342 | -€7,353 | -84.6% |
| Trade debts | 44 | €7,481 | €1,342 | -€6,138 | -82.1% |
| Suppliers | 440/4 | €7,481 | €1,342 | -€6,138 | -82.1% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,215 | €0 | -€1,215 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,795 | €7,131 | +€336 | +4.9% |
| Other operating charges | 640/8 | €20,912 | €1,450 | -€19,463 | -93.1% |
| Gross operating margin | 9900 | €18,863 | €10,722 | -€8,141 | -43.2% |
| Operating profit (loss) | 9901 | -€8,845 | €2,141 | +€10,986 | |
| Financial income | 75/76B | €62,771 | €58,299 | -€4,471 | -7.1% |
| Recurring financial income | 75 | €62,771 | €58,299 | -€4,471 | -7.1% |
| Financial charges | 65/66B | €473 | €678 | +€204 | +43.1% |
| Recurring financial charges | 65 | €473 | €678 | +€204 | +43.1% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €53,452 | €59,763 | +€6,311 | +11.8% |
| Income taxes | 67/77 | €1,584 | €0 | -€1,584 | -100% |
| Profit (loss) for the period | 9904 | €51,869 | €59,763 | +€7,894 | +15.2% |
| Profit (loss) for the period to be appropriated | 9905 | €51,869 | €59,763 | +€7,894 | +15.2% |
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 13 October 2026 via checked.be.