RAMA: 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.
RAMA
Largest movements
- Receivables within one year +€8,491
up €8,491 (+38.3%), from €22,180 to €30,671
of which Trade receivables: +€5,954
- Cash -€6,573
down €6,573 (-10.8%), from €60,836 to €54,263
mainly Tax, wage and social debts (-€11,817) and Receivables within one year (-€8,491)
- Tangible fixed assets +€3,949
up €3,949 (+21.4%), from €18,491 to €22,440
of which Other tangible fixed assets: +€7,115
- Deferred charges and accrued income +€1,252
up €1,252 (+4,208%), from €30 to €1,281
- Trade debts +€12,454
up €12,454 (+126%), from €9,917 to €22,371
- Tax, wage and social debts -€11,817
down €11,817 (-45.4%), from €26,004 to €14,186
of which Taxes: -€12,522
- Profit (loss) carried forward +€5,965
up €5,965 (+8.9%), from €66,773 to €72,738
- Staff costs +€43,526
up €43,526 (+64.5%), from €67,518 to €111,044
- Gross operating margin +€9,198
up €9,198 (+7.8%), from €118,407 to €127,606
- Taxes -€6,633
down €6,633 (-68.3%), from €9,706 to €3,074
- Depreciation -€2,320
down €2,320 (-35.8%), from €6,484 to €4,164
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 | €108,017 | €114,630 | +€6,613 | +6.1% |
| Fixed assets | 21/28 | €18,651 | €22,600 | +€3,949 | +21.2% |
| Tangible fixed assets | 22/27 | €18,491 | €22,440 | +€3,949 | +21.4% |
| Plant, machinery and equipment | 23 | €6,781 | €4,562 | -€2,219 | -32.7% |
| Furniture and vehicles | 24 | €947 | - | -€947 | |
| Other tangible fixed assets | 26 | €10,763 | €17,878 | +€7,115 | +66.1% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €89,366 | €92,030 | +€2,664 | +3.0% |
| Stocks and contracts in progress | 3 | €6,321 | €5,815 | -€506 | -8.0% |
| Stocks | 30/36 | €6,321 | €5,815 | -€506 | -8.0% |
| Amounts receivable within one year | 40/41 | €22,180 | €30,671 | +€8,491 | +38.3% |
| Trade receivables | 40 | €9,610 | €15,564 | +€5,954 | +62.0% |
| Other amounts receivable | 41 | €12,570 | €15,107 | +€2,537 | +20.2% |
| Cash at bank and in hand | 54/58 | €60,836 | €54,263 | -€6,573 | -10.8% |
| Deferred charges and accrued income | 490/1 | €30 | €1,281 | +€1,252 | +4,208% |
| Total equity and liabilities | 10/49 | €108,017 | €114,630 | +€6,613 | +6.1% |
| Equity | 10/15 | €71,773 | €77,738 | +€5,965 | +8.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,773 | €72,738 | +€5,965 | +8.9% |
| Amounts payable | 17/49 | €36,244 | €36,892 | +€648 | +1.8% |
| Amounts payable within one year | 42/48 | €35,921 | €36,557 | +€636 | +1.8% |
| Trade debts | 44 | €9,917 | €22,371 | +€12,454 | +126% |
| Suppliers | 440/4 | €9,917 | €22,371 | +€12,454 | +126% |
| Taxes, remuneration and social security | 45 | €26,004 | €14,186 | -€11,817 | -45.4% |
| Taxes | 450/3 | €12,522 | - | -€12,522 | |
| Remuneration and social security | 454/9 | €13,482 | €14,186 | +€705 | +5.2% |
| Accrued charges and deferred income | 492/3 | €324 | €335 | +€11 | +3.5% |
| Non-recurring operating income | 76A | - | €3,795 | +€3,795 | |
| Remuneration, social security and pensions | 62 | €67,518 | €111,044 | +€43,526 | +64.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,484 | €4,164 | -€2,320 | -35.8% |
| Other operating charges | 640/8 | €1,646 | €2,002 | +€356 | +21.6% |
| Gross operating margin | 9900 | €118,407 | €127,606 | +€9,198 | +7.8% |
| Operating profit (loss) | 9901 | €42,758 | €10,395 | -€32,364 | -75.7% |
| Financial income | 75/76B | €42 | €5 | -€36 | -87.1% |
| Recurring financial income | 75 | €42 | €5 | -€36 | -87.1% |
| Financial charges | 65/66B | €107 | €1,361 | +€1,255 | +1,177% |
| Recurring financial charges | 65 | €107 | €1,361 | +€1,255 | +1,177% |
| Profit (loss) for the period before taxes | 9903 | €42,694 | €9,039 | -€33,655 | -78.8% |
| Income taxes | 67/77 | €9,706 | €3,074 | -€6,633 | -68.3% |
| Profit (loss) for the period | 9904 | €32,987 | €5,965 | -€27,022 | -81.9% |
| Profit (loss) for the period to be appropriated | 9905 | €32,987 | €5,965 | -€27,022 | -81.9% |
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.