RAMACKERS TOITURES: 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.
RAMACKERS TOITURES
Largest movements
- Cash -€81,779
down €81,779 (-76.2%), from €107,280 to €25,501
mainly Net result for the year (-€68,011) and Trade debts (-€65,396)
- Receivables within one year -€62,407
down €62,407 (-22.0%), from €284,035 to €221,628
of which Trade receivables: -€50,271
- Stocks and contracts -€50,990
down €50,990 (-29.2%), from €174,749 to €123,758
of which Contracts in progress: -€68,824
- Tangible fixed assets +€17,573
up €17,573 (+26.1%), from €67,260 to €84,834
of which Other tangible fixed assets: +€32,917
- Deferred charges and accrued income +€6,575
up €6,575 (+48.2%), from €13,646 to €20,221
- Trade debts -€65,396
down €65,396 (-36.2%), from €180,784 to €115,387
- Reserves -€60,000
down €60,000 (-30.3%), from €198,000 to €138,000
of which Distributable reserves: -€60,000
- Advances received -€42,660
down €42,660 (-34.4%), from €123,874 to €81,215
- Short-term financial debts -€35,000
down €35,000 (-100.0%), from €35,000 to €0
- Other debts +€31,826
up €31,826 (+173.1%), from €18,390 to €50,217
- Staff costs +€146,192
up €146,192 (+122.8%), from €119,045 to €265,237
- Gross operating margin -€31,226
down €31,226 (-12.1%), from €257,240 to €226,014
- Financial income +€18,520
up €18,520 (+86583.4%), from €21 to €18,542
of which Non-recurring financial income: +€18,199
- Taxes -€14,921
no longer reported in 2025 (was €14,921)
- Financial charges -€3,754
down €3,754 (-37.0%), from €10,134 to €6,380
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 | €652,563 | €478,726 | -€173,837 | -26.6% |
| Fixed assets | 21/28 | €72,854 | €87,618 | +€14,765 | +20.3% |
| Intangible fixed assets | 21 | €2,272 | €1,618 | -€654 | -28.8% |
| Tangible fixed assets | 22/27 | €67,260 | €84,834 | +€17,573 | +26.1% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €7,029 | €15,542 | +€8,514 | +121.1% |
| Furniture and vehicles | 24 | €59,142 | €35,285 | -€23,857 | -40.3% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €1,090 | €34,007 | +€32,917 | +3021.3% |
| Financial fixed assets | 28 | €3,321 | €1,166 | -€2,155 | -64.9% |
| Current assets | 29/58 | €579,709 | €391,108 | -€188,601 | -32.5% |
| Stocks and contracts in progress | 3 | €174,749 | €123,758 | -€50,990 | -29.2% |
| Stocks | 30/36 | €105,925 | €123,758 | +€17,834 | +16.8% |
| Contracts in progress | 37 | €68,824 | €0 | -€68,824 | -100.0% |
| Amounts receivable within one year | 40/41 | €284,035 | €221,628 | -€62,407 | -22.0% |
| Trade receivables | 40 | €229,274 | €179,004 | -€50,271 | -21.9% |
| Other amounts receivable | 41 | €54,760 | €42,624 | -€12,136 | -22.2% |
| Cash at bank and in hand | 54/58 | €107,280 | €25,501 | -€81,779 | -76.2% |
| Deferred charges and accrued income | 490/1 | €13,646 | €20,221 | +€6,575 | +48.2% |
| Total equity and liabilities | 10/49 | €652,563 | €478,726 | -€173,837 | -26.6% |
| Equity | 10/15 | €234,297 | €166,285 | -€68,011 | -29.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €198,000 | €138,000 | -€60,000 | -30.3% |
| Non-distributable reserves | 130/1 | €4,462 | €4,462 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,462 | €4,462 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,538 | €2,538 | = | 0.0% |
| Distributable reserves | 133 | €191,000 | €131,000 | -€60,000 | -31.4% |
| Profit (loss) carried forward | 14 | €11,297 | €3,286 | -€8,011 | -70.9% |
| Amounts payable | 17/49 | €418,266 | €312,441 | -€105,825 | -25.3% |
| Amounts payable after more than one year | 17 | €24,445 | €11,707 | -€12,738 | -52.1% |
| Financial debts | 170/4 | €24,445 | €11,707 | -€12,738 | -52.1% |
| Amounts payable within one year | 42/48 | €393,821 | €288,696 | -€105,125 | -26.7% |
| Current portion of amounts payable after more than one year | 42 | €20,362 | €12,738 | -€7,624 | -37.4% |
| Financial debts | 43 | €35,000 | €0 | -€35,000 | -100.0% |
| Credit institutions | 430/8 | €35,000 | €0 | -€35,000 | -100.0% |
| Trade debts | 44 | €180,784 | €115,387 | -€65,396 | -36.2% |
| Suppliers | 440/4 | €180,784 | €115,387 | -€65,396 | -36.2% |
| Advances received on contracts in progress | 46 | €123,874 | €81,215 | -€42,660 | -34.4% |
| Taxes, remuneration and social security | 45 | €15,411 | €29,139 | +€13,728 | +89.1% |
| Taxes | 450/3 | €3,667 | €2,252 | -€1,414 | -38.6% |
| Remuneration and social security | 454/9 | €11,744 | €26,887 | +€15,142 | +128.9% |
| Other amounts payable | 47/48 | €18,390 | €50,217 | +€31,826 | +173.1% |
| Accrued charges and deferred income | 492/3 | - | €12,038 | +€12,038 | |
| Remuneration, social security and pensions | 62 | €119,045 | €265,237 | +€146,192 | +122.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,557 | €34,494 | +€1,938 | +6.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,542 | €474 | -€3,068 | -86.6% |
| Other operating charges | 640/8 | €3,262 | €1,785 | -€1,477 | -45.3% |
| Non-recurring operating charges | 66A | €17,191 | €4,197 | -€12,994 | -75.6% |
| Gross operating margin | 9900 | €257,240 | €226,014 | -€31,226 | -12.1% |
| Operating profit (loss) | 9901 | €81,644 | -€80,173 | -€161,817 | |
| Financial income | 75/76B | €21 | €18,542 | +€18,520 | +86583.4% |
| Recurring financial income | 75 | €21 | €342 | +€321 | +1500.5% |
| Non-recurring financial income | 76B | - | €18,199 | +€18,199 | |
| Financial charges | 65/66B | €10,134 | €6,380 | -€3,754 | -37.0% |
| Recurring financial charges | 65 | €10,134 | €6,380 | -€3,754 | -37.0% |
| Profit (loss) for the period before taxes | 9903 | €71,531 | -€68,011 | -€139,543 | |
| Income taxes | 67/77 | €14,921 | - | -€14,921 | |
| Profit (loss) for the period | 9904 | €56,610 | -€68,011 | -€124,622 | |
| Profit (loss) for the period to be appropriated | 9905 | €56,610 | -€68,011 | -€124,622 |
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 11 October 2026 via checked.be.