Ram & 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 & Ram
Largest movements
- Receivables within one year +€21,758
up €21,758 (+123%), from €17,681 to €39,439
- Stocks and contracts -€4,140
down €4,140 (-41.2%), from €10,050 to €5,910
- Cash +€3,139
up €3,139 (+27.7%), from €11,351 to €14,491
mainly Net result for the year (+€26,368) and Stocks and contracts (+€4,140)
- Intangible fixed assets -€1,350
down €1,350 (-20.3%), from €6,638 to €5,288
- Tangible fixed assets -€826
down €826 (-33.3%), from €2,479 to €1,653
- Reserves +€26,368
up €26,368 (+116%), from €22,792 to €49,160
- Trade debts -€7,634
down €7,634 (-60.0%), from €12,720 to €5,086
- Gross operating margin +€15,105
up €15,105 (+86.0%), from €17,567 to €32,672
- Taxes +€3,160
new in 2025: €3,160
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 | €51,244 | €69,825 | +€18,581 | +36.3% |
| Fixed assets | 21/28 | €12,162 | €9,985 | -€2,176 | -17.9% |
| Intangible fixed assets | 21 | €6,638 | €5,288 | -€1,350 | -20.3% |
| Tangible fixed assets | 22/27 | €2,479 | €1,653 | -€826 | -33.3% |
| Furniture and vehicles | 24 | €2,479 | €1,653 | -€826 | -33.3% |
| Financial fixed assets | 28 | €3,045 | €3,045 | = | 0.0% |
| Current assets | 29/58 | €39,082 | €59,839 | +€20,757 | +53.1% |
| Stocks and contracts in progress | 3 | €10,050 | €5,910 | -€4,140 | -41.2% |
| Stocks | 30/36 | €10,050 | €5,910 | -€4,140 | -41.2% |
| Amounts receivable within one year | 40/41 | €17,681 | €39,439 | +€21,758 | +123% |
| Other amounts receivable | 41 | €17,681 | €39,439 | +€21,758 | +123% |
| Cash at bank and in hand | 54/58 | €11,351 | €14,491 | +€3,139 | +27.7% |
| Total equity and liabilities | 10/49 | €51,244 | €69,825 | +€18,581 | +36.3% |
| Equity | 10/15 | €37,792 | €64,160 | +€26,368 | +69.8% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €22,792 | €49,160 | +€26,368 | +116% |
| Distributable reserves | 133 | €22,792 | €49,160 | +€26,368 | +116% |
| Amounts payable | 17/49 | €13,452 | €5,665 | -€7,787 | -57.9% |
| Amounts payable within one year | 42/48 | €13,452 | €5,665 | -€7,787 | -57.9% |
| Trade debts | 44 | €12,720 | €5,086 | -€7,634 | -60.0% |
| Suppliers | 440/4 | €12,720 | €5,086 | -€7,634 | -60.0% |
| Taxes, remuneration and social security | 45 | €732 | €579 | -€153 | -20.9% |
| Taxes | 450/3 | €732 | €579 | -€153 | -20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,176 | €2,176 | = | 0.0% |
| Other operating charges | 640/8 | €505 | €811 | +€305 | +60.5% |
| Gross operating margin | 9900 | €17,567 | €32,672 | +€15,105 | +86.0% |
| Operating profit (loss) | 9901 | €14,885 | €29,685 | +€14,800 | +99.4% |
| Financial charges | 65/66B | €135 | €157 | +€23 | +16.8% |
| Recurring financial charges | 65 | €135 | €157 | +€23 | +16.8% |
| Profit (loss) for the period before taxes | 9903 | €14,751 | €29,528 | +€14,777 | +100% |
| Income taxes | 67/77 | - | €3,160 | +€3,160 | |
| Profit (loss) for the period | 9904 | €14,751 | €26,368 | +€11,617 | +78.8% |
| Profit (loss) for the period to be appropriated | 9905 | €14,751 | €26,368 | +€11,617 | +78.8% |
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 22 October 2026 via checked.be.