RAMADAN LOGISTICS: 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.
RAMADAN LOGISTICS
Largest movements
- Receivables within one year +€13,237
up €13,237 (+61.1%), from €21,651 to €34,887
of which Other amounts receivable: +€8,523
- Tangible fixed assets -€8,140
down €8,140 (-38.3%), from €21,241 to €13,101
of which Furniture and vehicles: -€7,750
- Cash +€2,717
up €2,717 (+335.8%), from €809 to €3,527
mainly Depreciation (+€8,140) and Net result for the year (+€6,557)
- Reserves +€6,557
up €6,557 (+23.2%), from €28,253 to €34,810
- Tax, wage and social debts +€638
up €638 (+5.3%), from €12,032 to €12,671
- Trade debts +€619
up €619 (+149.0%), from €415 to €1,034
- Gross operating margin -€10,496
down €10,496 (-34.0%), from €30,853 to €20,357
- Taxes -€4,306
down €4,306 (-52.2%), from €8,247 to €3,941
- Depreciation +€4,090
up €4,090 (+101.0%), from €4,050 to €8,140
- Other operating charges +€712
up €712 (+123.5%), from €577 to €1,289
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 | €43,701 | €51,515 | +€7,814 | +17.9% |
| Fixed assets | 21/28 | €21,241 | €13,101 | -€8,140 | -38.3% |
| Tangible fixed assets | 22/27 | €21,241 | €13,101 | -€8,140 | -38.3% |
| Plant, machinery and equipment | 23 | €1,753 | €1,363 | -€390 | -22.2% |
| Furniture and vehicles | 24 | €19,488 | €11,738 | -€7,750 | -39.8% |
| Current assets | 29/58 | €22,460 | €38,414 | +€15,954 | +71.0% |
| Amounts receivable within one year | 40/41 | €21,651 | €34,887 | +€13,237 | +61.1% |
| Trade receivables | 40 | - | €4,714 | +€4,714 | |
| Other amounts receivable | 41 | €21,651 | €30,174 | +€8,523 | +39.4% |
| Cash at bank and in hand | 54/58 | €809 | €3,527 | +€2,717 | +335.8% |
| Total equity and liabilities | 10/49 | €43,701 | €51,515 | +€7,814 | +17.9% |
| Equity | 10/15 | €31,253 | €37,810 | +€6,557 | +21.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €28,253 | €34,810 | +€6,557 | +23.2% |
| Distributable reserves | 133 | €28,253 | €34,810 | +€6,557 | +23.2% |
| Amounts payable | 17/49 | €12,448 | €13,705 | +€1,257 | +10.1% |
| Amounts payable within one year | 42/48 | €12,448 | €13,705 | +€1,257 | +10.1% |
| Trade debts | 44 | €415 | €1,034 | +€619 | +149.0% |
| Suppliers | 440/4 | €415 | €1,034 | +€619 | +149.0% |
| Taxes, remuneration and social security | 45 | €12,032 | €12,671 | +€638 | +5.3% |
| Taxes | 450/3 | €12,032 | €12,671 | +€638 | +5.3% |
| Remuneration, social security and pensions | 62 | - | €23 | +€23 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,050 | €8,140 | +€4,090 | +101.0% |
| Other operating charges | 640/8 | €577 | €1,289 | +€712 | +123.5% |
| Gross operating margin | 9900 | €30,853 | €20,357 | -€10,496 | -34.0% |
| Operating profit (loss) | 9901 | €26,227 | €10,906 | -€15,321 | -58.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €225 | €408 | +€183 | +81.2% |
| Recurring financial charges | 65 | €225 | €408 | +€183 | +81.2% |
| Profit (loss) for the period before taxes | 9903 | €26,002 | €10,497 | -€15,504 | -59.6% |
| Income taxes | 67/77 | €8,247 | €3,941 | -€4,306 | -52.2% |
| Profit (loss) for the period | 9904 | €17,755 | €6,557 | -€11,198 | -63.1% |
| Profit (loss) for the period to be appropriated | 9905 | €17,755 | €6,557 | -€11,198 | -63.1% |
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 6 October 2026 via checked.be.