RAMAFORM: 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.
RAMAFORM
Largest movements
- Tangible fixed assets -€12,095
down €12,095 (-39.2%), from €30,888 to €18,793
of which Furniture and vehicles: -€6,291
- Receivables within one year +€6,563
up €6,563 (+11.3%), from €57,853 to €64,416
of which Trade receivables: +€6,713
- Stocks and contracts +€4,707
up €4,707 (+3.7%), from €125,869 to €130,576
- Reserves +€222,184
up €222,184 (+870%), from €25,535 to €247,719
of which Tax-exempt reserves: +€222,184
- Trade debts -€141,906
down €141,906 (-89.2%), from €159,158 to €17,253
- Tax, wage and social debts -€102,543
down €102,543 (-81.1%), from €126,438 to €23,895
of which Taxes: -€56,447
- Debts after one year +€78,207
new in 2025: €78,207
- Profit (loss) carried forward -€42,482
down €42,482 (-17.5%), from -€243,190 to -€285,672
- Gross operating margin +€223,584
up €223,584 (+173%), from €129,050 to €352,633
- Staff costs -€36,565
down €36,565 (-20.8%), from €175,819 to €139,253
- Financial charges -€4,831
down €4,831 (-33.1%), from €14,586 to €9,756
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.
Derived cash bridge
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 | €246,880 | €245,485 | -€1,395 | -0.6% |
| Fixed assets | 21/28 | €51,888 | €39,793 | -€12,095 | -23.3% |
| Tangible fixed assets | 22/27 | €30,888 | €18,793 | -€12,095 | -39.2% |
| Plant, machinery and equipment | 23 | €13,154 | €8,100 | -€5,054 | -38.4% |
| Furniture and vehicles | 24 | €14,603 | €8,312 | -€6,291 | -43.1% |
| Other tangible fixed assets | 26 | €3,131 | €2,381 | -€749 | -23.9% |
| Financial fixed assets | 28 | €21,000 | €21,000 | = | 0.0% |
| Current assets | 29/58 | €194,992 | €205,691 | +€10,699 | +5.5% |
| Stocks and contracts in progress | 3 | €125,869 | €130,576 | +€4,707 | +3.7% |
| Stocks | 30/36 | €125,869 | €130,576 | +€4,707 | +3.7% |
| Amounts receivable within one year | 40/41 | €57,853 | €64,416 | +€6,563 | +11.3% |
| Trade receivables | 40 | €57,704 | €64,416 | +€6,713 | +11.6% |
| Other amounts receivable | 41 | €149 | - | -€149 | |
| Cash at bank and in hand | 54/58 | €4,709 | €6,194 | +€1,485 | +31.5% |
| Deferred charges and accrued income | 490/1 | €6,561 | €4,505 | -€2,057 | -31.3% |
| Total equity and liabilities | 10/49 | €246,880 | €245,485 | -€1,395 | -0.6% |
| Equity | 10/15 | -€55,654 | €124,047 | +€179,702 | |
| Contributions | 10/11 | €162,000 | €162,000 | = | 0.0% |
| Capital | 10 | €162,000 | €162,000 | = | 0.0% |
| Issued capital | 100 | €162,000 | €162,000 | = | 0.0% |
| Reserves | 13 | €25,535 | €247,719 | +€222,184 | +870% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,335 | €241,519 | +€222,184 | +1,149% |
| Profit (loss) carried forward | 14 | -€243,190 | -€285,672 | -€42,482 | -17.5% |
| Amounts payable | 17/49 | €302,535 | €121,438 | -€181,097 | -59.9% |
| Amounts payable after more than one year | 17 | - | €78,207 | +€78,207 | |
| Trade debts | 175 | - | €78,207 | +€78,207 | |
| Amounts payable within one year | 42/48 | €302,535 | €41,148 | -€261,387 | -86.4% |
| Current portion of amounts payable after more than one year | 42 | €13,757 | - | -€13,757 | |
| Trade debts | 44 | €159,158 | €17,253 | -€141,906 | -89.2% |
| Suppliers | 440/4 | €159,158 | €17,253 | -€141,906 | -89.2% |
| Taxes, remuneration and social security | 45 | €126,438 | €23,895 | -€102,543 | -81.1% |
| Taxes | 450/3 | €64,832 | €8,385 | -€56,447 | -87.1% |
| Remuneration and social security | 454/9 | €61,605 | €15,510 | -€46,095 | -74.8% |
| Other amounts payable | 47/48 | €3,182 | - | -€3,182 | |
| Accrued charges and deferred income | 492/3 | - | €2,083 | +€2,083 | |
| Non-recurring operating income | 76A | - | €222,184 | +€222,184 | |
| Remuneration, social security and pensions | 62 | €175,819 | €139,253 | -€36,565 | -20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,371 | €12,095 | +€1,724 | +16.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,688 | +€1,688 | |
| Other operating charges | 640/8 | €5,802 | €8,774 | +€2,972 | +51.2% |
| Non-recurring operating charges | 66A | €79,128 | €1,375 | -€77,753 | -98.3% |
| Gross operating margin | 9900 | €129,050 | €352,633 | +€223,584 | +173% |
| Operating profit (loss) | 9901 | -€142,070 | €189,449 | +€331,518 | |
| Financial income | 75/76B | €0 | €8 | +€8 | +2,442% |
| Recurring financial income | 75 | €0 | €8 | +€8 | +2,442% |
| Financial charges | 65/66B | €14,586 | €9,756 | -€4,831 | -33.1% |
| Recurring financial charges | 65 | €14,586 | €9,756 | -€4,831 | -33.1% |
| Profit (loss) for the period before taxes | 9903 | -€156,656 | €179,702 | +€336,357 | |
| Profit (loss) for the period | 9904 | -€156,656 | €179,702 | +€336,357 | |
| Transfer to tax-exempt reserves | 689 | - | €222,184 | +€222,184 | |
| Profit (loss) for the period to be appropriated | 9905 | -€156,656 | -€42,482 | +€114,174 | +72.9% |
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 15 October 2026 via checked.be.