RAMA-CO: 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-CO
Largest movements
- Financial fixed assets -€2.1m
no longer reported in 2025 (was €2.1m)
- Tangible fixed assets +€1.6m
up €1.6m (+394%), from €403,792 to €2.0m
of which Land and buildings: +€1.6m
- Cash +€264,096
up €264,096 (+157%), from €168,138 to €432,233
mainly Debts after one year (+€950,000) and Investment in fixed assets (net) (+€460,961)
- Other debts -€1.0m
down €1.0m (-77.4%), from €1.3m to €293,207
- Debts after one year +€950,000
up €950,000 (+70,896%), from €1,340 to €951,340
of which Financial debts: +€950,000
- Profit (loss) carried forward -€196,166
down €196,166 (-84.9%), from -€231,134 to -€427,299
- Current portion of long-term debt +€50,000
new in 2025: €50,000
- Financial charges -€1.2m
down €1.2m (-99.7%), from €1.2m to €3,576
of which Non-recurring financial charges: -€1.2m
- Financial income -€559,294
down €559,294 (-92.7%), from €603,577 to €44,283
of which Non-recurring financial income: -€402,800
- Other operating charges +€194,447
up €194,447 (+1,875%), from €10,370 to €204,817
- Gross operating margin -€41,864
down €41,864 (-82.9%), from €50,471 to €8,607
- Depreciation +€15,840
up €15,840 (+47.6%), from €33,297 to €49,137
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 | €2,683,397 | €2,439,556 | -€243,841 | -9.1% |
| Fixed assets | 21/28 | €2,504,740 | €1,994,643 | -€510,098 | -20.4% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €403,792 | €1,994,643 | +€1.6m | +394% |
| Land and buildings | 22 | €403,326 | €1,991,124 | +€1.6m | +394% |
| Plant, machinery and equipment | 23 | €466 | €487 | +€21 | +4.4% |
| Furniture and vehicles | 24 | - | €3,032 | +€3,032 | |
| Financial fixed assets | 28 | €2,100,948 | - | -€2.1m | |
| Current assets | 29/58 | €178,657 | €444,913 | +€266,257 | +149% |
| Amounts receivable within one year | 40/41 | €685 | €864 | +€179 | +26.1% |
| Trade receivables | 40 | €685 | €339 | -€346 | -50.5% |
| Other amounts receivable | 41 | - | €525 | +€525 | |
| Cash at bank and in hand | 54/58 | €168,138 | €432,233 | +€264,096 | +157% |
| Deferred charges and accrued income | 490/1 | €9,834 | €11,816 | +€1,982 | +20.2% |
| Total equity and liabilities | 10/49 | €2,683,397 | €2,439,556 | -€243,841 | -9.1% |
| Equity | 10/15 | €1,248,251 | €1,045,729 | -€202,522 | -16.2% |
| Contributions | 10/11 | €704,000 | €704,000 | = | 0.0% |
| Reserves | 13 | €775,385 | €769,029 | -€6,356 | -0.8% |
| Non-distributable reserves | 130/1 | €490,000 | €490,000 | = | 0.0% |
| Other | 1319 | €490,000 | €490,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €285,385 | €279,029 | -€6,356 | -2.2% |
| Profit (loss) carried forward | 14 | -€231,134 | -€427,299 | -€196,166 | -84.9% |
| Provisions and deferred taxes | 16 | €95,128 | €93,010 | -€2,119 | -2.2% |
| Deferred taxes | 168 | €95,128 | €93,010 | -€2,119 | -2.2% |
| Amounts payable | 17/49 | €1,340,017 | €1,300,817 | -€39,201 | -2.9% |
| Amounts payable after more than one year | 17 | €1,340 | €951,340 | +€950,000 | +70,896% |
| Financial debts | 170/4 | - | €950,000 | +€950,000 | |
| Other amounts payable | 178/9 | €1,340 | €1,340 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,338,677 | €349,477 | -€989,201 | -73.9% |
| Current portion of amounts payable after more than one year | 42 | - | €50,000 | +€50,000 | |
| Trade debts | 44 | €31,948 | €6,197 | -€25,751 | -80.6% |
| Suppliers | 440/4 | €31,948 | €6,197 | -€25,751 | -80.6% |
| Taxes, remuneration and social security | 45 | €7,096 | €73 | -€7,022 | -99.0% |
| Taxes | 450/3 | €7,096 | €73 | -€7,022 | -99.0% |
| Other amounts payable | 47/48 | €1,299,634 | €293,207 | -€1.0m | -77.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,297 | €49,137 | +€15,840 | +47.6% |
| Other operating charges | 640/8 | €10,370 | €204,817 | +€194,447 | +1,875% |
| Gross operating margin | 9900 | €50,471 | €8,607 | -€41,864 | -82.9% |
| Operating profit (loss) | 9901 | €6,804 | -€245,348 | -€252,151 | |
| Financial income | 75/76B | €603,577 | €44,283 | -€559,294 | -92.7% |
| Recurring financial income | 75 | €200,777 | €44,283 | -€156,494 | -77.9% |
| Non-recurring financial income | 76B | €402,800 | - | -€402,800 | |
| Financial charges | 65/66B | €1,204,954 | €3,576 | -€1.2m | -99.7% |
| Recurring financial charges | 65 | €2,407 | €3,576 | +€1,169 | +48.5% |
| Non-recurring financial charges | 66B | €1,202,546 | - | -€1.2m | |
| Profit (loss) for the period before taxes | 9903 | -€594,573 | -€204,640 | +€389,933 | +65.6% |
| Transfer from deferred taxes | 780 | - | €2,119 | +€2,119 | |
| Transfer to deferred taxes | 680 | €95,128 | - | -€95,128 | |
| Income taxes | 67/77 | €6,490 | - | -€6,490 | |
| Profit (loss) for the period | 9904 | -€696,192 | -€202,522 | +€493,670 | +70.9% |
| Transfer from tax-exempt reserves | 789 | - | €6,356 | +€6,356 | |
| Transfer to tax-exempt reserves | 689 | €285,385 | - | -€285,385 | |
| Profit (loss) for the period to be appropriated | 9905 | -€981,577 | -€196,166 | +€785,411 | +80.0% |
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 17 October 2026 via checked.be.