RAMACO: 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.
RAMACO
Largest movements
- Cash +€82,030
up €82,030 (+194.3%), from €42,228 to €124,258
mainly Net result for the year (+€62,408) and Contributions, distributions and other (+€26,375)
- Receivables within one year +€6,966
up €6,966 (+32.8%), from €21,229 to €28,195
- Reserves +€69,256
up €69,256 (+326.5%), from €21,209 to €90,465
- Profit (loss) carried forward +€19,527
up €19,527 (+45.5%), from €42,881 to €62,408
- Gross operating margin +€27,213
up €27,213 (+44.2%), from €61,569 to €88,782
- Taxes +€6,509
up €6,509 (+45.5%), from €14,294 to €20,803
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 | €65,890 | €154,673 | +€88,783 | +134.7% |
| Formation expenses | 20 | €1,252 | €1,252 | -€0 | 0.0% |
| Fixed assets | 21/28 | €1,075 | €968 | -€107 | -10.0% |
| Tangible fixed assets | 22/27 | €1,075 | €968 | -€107 | -10.0% |
| Furniture and vehicles | 24 | €1,075 | €968 | -€107 | -10.0% |
| Current assets | 29/58 | €63,562 | €152,453 | +€88,891 | +139.8% |
| Amounts receivable within one year | 40/41 | €21,229 | €28,195 | +€6,966 | +32.8% |
| Trade receivables | 40 | €21,229 | €28,195 | +€6,966 | +32.8% |
| Cash at bank and in hand | 54/58 | €42,228 | €124,258 | +€82,030 | +194.3% |
| Deferred charges and accrued income | 490/1 | €105 | - | -€105 | |
| Total equity and liabilities | 10/49 | €65,890 | €154,673 | +€88,783 | +134.7% |
| Equity | 10/15 | €65,890 | €154,673 | +€88,783 | +134.7% |
| Contributions | 10/11 | €1,800 | €1,800 | = | 0.0% |
| Reserves | 13 | €21,209 | €90,465 | +€69,256 | +326.5% |
| Distributable reserves | 133 | €21,209 | €90,465 | +€69,256 | +326.5% |
| Profit (loss) carried forward | 14 | €42,881 | €62,408 | +€19,527 | +45.5% |
| Non-recurring operating income | 76A | €717 | €433 | -€284 | -39.6% |
| Remuneration, social security and pensions | 62 | €2,907 | €3,404 | +€497 | +17.1% |
| Other operating charges | 640/8 | €1,441 | €2,122 | +€681 | +47.2% |
| Gross operating margin | 9900 | €61,569 | €88,782 | +€27,213 | +44.2% |
| Operating profit (loss) | 9901 | €57,220 | €83,256 | +€26,036 | +45.5% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €57,175 | €83,211 | +€26,036 | +45.5% |
| Income taxes | 67/77 | €14,294 | €20,803 | +€6,509 | +45.5% |
| Profit (loss) for the period | 9904 | €42,881 | €62,408 | +€19,527 | +45.5% |
| Profit (loss) for the period to be appropriated | 9905 | €42,881 | €62,408 | +€19,527 | +45.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.