RAMACON: 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.
RAMACON
Largest movements
- Tangible fixed assets -€7,624
down €7,624 (-37.0%), from €20,586 to €12,962
of which Land and buildings: -€7,445
- Receivables within one year -€4,212
down €4,212 (-78.6%), from €5,360 to €1,148
of which Other amounts receivable: -€5,276
- Cash -€2,309
down €2,309 (-33.5%), from €6,888 to €4,579
mainly Debts after one year (-€7,424) and Net result for the year (-€3,770)
- Stocks and contracts +€2,144
up €2,144 (+3.5%), from €60,877 to €63,020
- Debts after one year -€7,424
down €7,424 (-47.5%), from €15,615 to €8,191
- Profit (loss) carried forward -€3,770
down €3,770 (-36.3%), from -€10,374 to -€14,144
- Tax, wage and social debts -€2,530
down €2,530 (-62.1%), from €4,072 to €1,543
- Other debts +€1,402
new in 2025: €1,402
- Gross operating margin +€828
up €828 (+20.5%), from €4,044 to €4,872
- Financial charges -€380
down €380 (-36.8%), from €1,033 to €653
- Financial income -€274
down €274 (-44.9%), from €610 to €336
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 | €94,637 | €82,315 | -€12,322 | -13.0% |
| Fixed assets | 21/28 | €20,586 | €12,962 | -€7,624 | -37.0% |
| Tangible fixed assets | 22/27 | €20,586 | €12,962 | -€7,624 | -37.0% |
| Land and buildings | 22 | €20,310 | €12,865 | -€7,445 | -36.7% |
| Furniture and vehicles | 24 | €276 | €97 | -€179 | -64.8% |
| Current assets | 29/58 | €74,051 | €69,353 | -€4,698 | -6.3% |
| Stocks and contracts in progress | 3 | €60,877 | €63,020 | +€2,144 | +3.5% |
| Stocks | 30/36 | €60,877 | €63,020 | +€2,144 | +3.5% |
| Amounts receivable within one year | 40/41 | €5,360 | €1,148 | -€4,212 | -78.6% |
| Trade receivables | 40 | €84 | €1,148 | +€1,064 | +1265.5% |
| Other amounts receivable | 41 | €5,276 | €0 | -€5,276 | -100.0% |
| Cash at bank and in hand | 54/58 | €6,888 | €4,579 | -€2,309 | -33.5% |
| Deferred charges and accrued income | 490/1 | €926 | €605 | -€321 | -34.6% |
| Total equity and liabilities | 10/49 | €94,637 | €82,315 | -€12,322 | -13.0% |
| Equity | 10/15 | €44,923 | €41,153 | -€3,770 | -8.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €49,097 | €49,097 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,006 | €1,006 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,006 | €1,006 | = | 0.0% |
| Distributable reserves | 133 | €48,091 | €48,091 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,374 | -€14,144 | -€3,770 | -36.3% |
| Amounts payable | 17/49 | €49,714 | €41,162 | -€8,552 | -17.2% |
| Amounts payable after more than one year | 17 | €15,615 | €8,191 | -€7,424 | -47.5% |
| Financial debts | 170/4 | €15,615 | €8,191 | -€7,424 | -47.5% |
| Amounts payable within one year | 42/48 | €34,099 | €32,971 | -€1,128 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €7,295 | €7,424 | +€129 | +1.8% |
| Trade debts | 44 | €22,732 | €22,602 | -€129 | -0.6% |
| Suppliers | 440/4 | €22,732 | €22,602 | -€129 | -0.6% |
| Taxes, remuneration and social security | 45 | €4,072 | €1,543 | -€2,530 | -62.1% |
| Taxes | 450/3 | €4,072 | €1,543 | -€2,530 | -62.1% |
| Other amounts payable | 47/48 | - | €1,402 | +€1,402 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,624 | €7,624 | = | 0.0% |
| Other operating charges | 640/8 | €652 | €701 | +€48 | +7.4% |
| Gross operating margin | 9900 | €4,044 | €4,872 | +€828 | +20.5% |
| Operating profit (loss) | 9901 | -€4,233 | -€3,453 | +€780 | +18.4% |
| Financial income | 75/76B | €610 | €336 | -€274 | -44.9% |
| Recurring financial income | 75 | €610 | €336 | -€274 | -44.9% |
| Financial charges | 65/66B | €1,033 | €653 | -€380 | -36.8% |
| Recurring financial charges | 65 | €1,033 | €653 | -€380 | -36.8% |
| Profit (loss) for the period before taxes | 9903 | -€4,656 | -€3,770 | +€886 | +19.0% |
| Profit (loss) for the period | 9904 | -€4,656 | -€3,770 | +€886 | +19.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,656 | -€3,770 | +€886 | +19.0% |
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 8 October 2026 via checked.be.