RAM GROUP: 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 GROUP
Largest movements
- Receivables within one year -€34,512
down €34,512 (-13.4%), from €257,038 to €222,526
of which Trade receivables: -€43,304
- Tangible fixed assets -€16,391
down €16,391 (-28.1%), from €58,231 to €41,840
of which Furniture and vehicles: -€16,070
- Trade debts -€85,016
down €85,016 (-79.9%), from €106,422 to €21,406
- Tax, wage and social debts +€36,510
up €36,510 (+245.1%), from €14,896 to €51,406
of which Remuneration and social security: +€33,716
- Profit (loss) carried forward +€14,687
up €14,687 (+12.0%), from €122,735 to €137,423
- Debts after one year -€10,943
down €10,943 (-25.7%), from €42,533 to €31,590
- Other debts -€6,000
down €6,000 (-40.0%), from €15,000 to €9,000
- Purchases and services +€21,704
up €21,704 (+10.8%), from €200,984 to €222,688
- Staff costs +€11,400
new in 2025: €11,400
- Turnover +€9,610
up €9,610 (+3.7%), from €261,858 to €271,468
- Depreciation -€3,750
down €3,750 (-19.6%), from €19,106 to €15,356
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 | €322,332 | €269,824 | -€52,508 | -16.3% |
| Fixed assets | 21/28 | €58,606 | €42,215 | -€16,391 | -28.0% |
| Tangible fixed assets | 22/27 | €58,231 | €41,840 | -€16,391 | -28.1% |
| Plant, machinery and equipment | 23 | €1,178 | €857 | -€321 | -27.3% |
| Furniture and vehicles | 24 | €57,053 | €40,983 | -€16,070 | -28.2% |
| Financial fixed assets | 28 | €375 | €375 | = | 0.0% |
| Current assets | 29/58 | €263,726 | €227,609 | -€36,117 | -13.7% |
| Amounts receivable within one year | 40/41 | €257,038 | €222,526 | -€34,512 | -13.4% |
| Trade receivables | 40 | €86,028 | €42,725 | -€43,304 | -50.3% |
| Other amounts receivable | 41 | €171,010 | €179,801 | +€8,791 | +5.1% |
| Cash at bank and in hand | 54/58 | €6,441 | €4,387 | -€2,055 | -31.9% |
| Deferred charges and accrued income | 490/1 | €246 | €697 | +€450 | +182.8% |
| Total equity and liabilities | 10/49 | €322,332 | €269,824 | -€52,508 | -16.3% |
| Equity | 10/15 | €130,795 | €145,483 | +€14,687 | +11.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 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% |
| Profit (loss) carried forward | 14 | €122,735 | €137,423 | +€14,687 | +12.0% |
| Amounts payable | 17/49 | €191,536 | €124,341 | -€67,195 | -35.1% |
| Amounts payable after more than one year | 17 | €42,533 | €31,590 | -€10,943 | -25.7% |
| Financial debts | 170/4 | €42,533 | €31,590 | -€10,943 | -25.7% |
| Amounts payable within one year | 42/48 | €149,004 | €92,752 | -€56,252 | -37.8% |
| Current portion of amounts payable after more than one year | 42 | €12,686 | €10,939 | -€1,746 | -13.8% |
| Trade debts | 44 | €106,422 | €21,406 | -€85,016 | -79.9% |
| Suppliers | 440/4 | €106,422 | €21,406 | -€85,016 | -79.9% |
| Taxes, remuneration and social security | 45 | €14,896 | €51,406 | +€36,510 | +245.1% |
| Taxes | 450/3 | €11,405 | €14,199 | +€2,794 | +24.5% |
| Remuneration and social security | 454/9 | €3,491 | €37,207 | +€33,716 | +965.8% |
| Other amounts payable | 47/48 | €15,000 | €9,000 | -€6,000 | -40.0% |
| Turnover | 70 | €261,858 | €271,468 | +€9,610 | +3.7% |
| Non-recurring operating income | 76A | - | €12,965 | +€12,965 | |
| Goods, raw materials, services and sundry goods | 60/61 | €200,984 | €222,688 | +€21,704 | +10.8% |
| Remuneration, social security and pensions | 62 | - | €11,400 | +€11,400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,106 | €15,356 | -€3,750 | -19.6% |
| Other operating charges | 640/8 | €2,644 | €1,491 | -€1,153 | -43.6% |
| Gross operating margin | 9900 | €60,874 | €61,745 | +€871 | +1.4% |
| Operating profit (loss) | 9901 | €39,124 | €33,498 | -€5,626 | -14.4% |
| Financial income | 75/76B | €0 | €95 | +€95 | +949900.0% |
| Recurring financial income | 75 | €0 | €95 | +€95 | +949900.0% |
| Financial charges | 65/66B | €1,589 | €2,677 | +€1,087 | +68.4% |
| Recurring financial charges | 65 | €1,589 | €2,677 | +€1,087 | +68.4% |
| Profit (loss) for the period before taxes | 9903 | €37,534 | €30,917 | -€6,618 | -17.6% |
| Income taxes | 67/77 | €8,346 | €7,229 | -€1,117 | -13.4% |
| Profit (loss) for the period | 9904 | €29,188 | €23,687 | -€5,501 | -18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,188 | €23,687 | -€5,501 | -18.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.