RamaC: 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.
RamaC
Largest movements
- Tangible fixed assets -€27,862
down €27,862 (-18.2%), from €152,790 to €124,928
of which Leasing and similar rights: -€26,429
- Receivables within one year -€20,985
down €20,985 (-40.9%), from €51,325 to €30,340
of which Other amounts receivable: -€18,532
- Debts after one year -€34,680
down €34,680 (-17.2%), from €201,140 to €166,459
- Tax, wage and social debts -€13,444
down €13,444 (-45.7%), from €29,392 to €15,948
- Other debts -€9,017
no longer reported in 2025 (was €9,017)
- Gross operating margin -€39,910
down €39,910 (-43.9%), from €90,884 to €50,974
- Write-downs -€14,441
down €14,441 (-96.3%), from €15,000 to €559
- Taxes -€10,806
down €10,806 (-85.4%), from €12,648 to €1,843
- Financial charges -€2,293
down €2,293 (-13.2%), from €17,422 to €15,128
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 | €494,275 | €445,729 | -€48,546 | -9.8% |
| Fixed assets | 21/28 | €439,990 | €412,128 | -€27,862 | -6.3% |
| Tangible fixed assets | 22/27 | €152,790 | €124,928 | -€27,862 | -18.2% |
| Plant, machinery and equipment | 23 | €2,748 | €2,148 | -€600 | -21.8% |
| Furniture and vehicles | 24 | €957 | €123 | -€833 | -87.1% |
| Leasing and similar rights | 25 | €149,086 | €122,658 | -€26,429 | -17.7% |
| Financial fixed assets | 28 | €287,200 | €287,200 | = | 0.0% |
| Current assets | 29/58 | €54,285 | €33,601 | -€20,684 | -38.1% |
| Amounts receivable within one year | 40/41 | €51,325 | €30,340 | -€20,985 | -40.9% |
| Trade receivables | 40 | €32,793 | €30,340 | -€2,453 | -7.5% |
| Other amounts receivable | 41 | €18,532 | - | -€18,532 | |
| Cash at bank and in hand | 54/58 | €122 | €423 | +€302 | +247.4% |
| Deferred charges and accrued income | 490/1 | €2,838 | €2,838 | = | 0.0% |
| Total equity and liabilities | 10/49 | €494,275 | €445,729 | -€48,546 | -9.8% |
| Equity | 10/15 | €213,226 | €215,994 | +€2,768 | +1.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €194,626 | €197,394 | +€2,768 | +1.4% |
| Distributable reserves | 133 | €194,626 | €197,394 | +€2,768 | +1.4% |
| Amounts payable | 17/49 | €281,049 | €229,735 | -€51,313 | -18.3% |
| Amounts payable after more than one year | 17 | €201,140 | €166,459 | -€34,680 | -17.2% |
| Financial debts | 170/4 | €201,140 | €166,459 | -€34,680 | -17.2% |
| Amounts payable within one year | 42/48 | €79,909 | €63,276 | -€16,633 | -20.8% |
| Current portion of amounts payable after more than one year | 42 | €37,293 | €39,557 | +€2,264 | +6.1% |
| Financial debts | 43 | €143 | €4,185 | +€4,042 | +2830.8% |
| Credit institutions | 430/8 | €143 | €4,185 | +€4,042 | +2830.8% |
| Trade debts | 44 | €4,064 | €3,586 | -€478 | -11.8% |
| Suppliers | 440/4 | €4,064 | €3,586 | -€478 | -11.8% |
| Taxes, remuneration and social security | 45 | €29,392 | €15,948 | -€13,444 | -45.7% |
| Taxes | 450/3 | €29,392 | €15,948 | -€13,444 | -45.7% |
| Other amounts payable | 47/48 | €9,017 | - | -€9,017 | |
| Non-recurring operating income | 76A | €724 | - | -€724 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,626 | €27,862 | +€236 | +0.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,000 | €559 | -€14,441 | -96.3% |
| Other operating charges | 640/8 | €2,242 | €2,814 | +€572 | +25.5% |
| Gross operating margin | 9900 | €90,884 | €50,974 | -€39,910 | -43.9% |
| Operating profit (loss) | 9901 | €46,016 | €19,739 | -€26,278 | -57.1% |
| Financial charges | 65/66B | €17,422 | €15,128 | -€2,293 | -13.2% |
| Recurring financial charges | 65 | €17,422 | €15,128 | -€2,293 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | €28,595 | €4,610 | -€23,984 | -83.9% |
| Income taxes | 67/77 | €12,648 | €1,843 | -€10,806 | -85.4% |
| Profit (loss) for the period | 9904 | €15,946 | €2,768 | -€13,179 | -82.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,946 | €2,768 | -€13,179 | -82.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.