RAMAKERS: 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.
RAMAKERS
Largest movements
- Cash +€68,492
up €68,492 (+20.3%), from €336,916 to €405,408
mainly Other debts (+€35,297) and Net result for the year (+€21,200)
- Receivables within one year -€20,911
down €20,911 (-44.1%), from €47,464 to €26,553
of which Trade receivables: -€21,033
- Tangible fixed assets -€16,274
down €16,274 (-20.9%), from €77,768 to €61,494
of which Furniture and vehicles: -€14,612
- Stocks and contracts -€9,603
down €9,603 (-25.3%), from €38,025 to €28,422
of which Contracts in progress: -€10,200
- Other debts +€35,297
up €35,297 (+26.9%), from €131,325 to €166,622
- Trade debts +€9,147
up €9,147 (+44.0%), from €20,800 to €29,947
- Tax, wage and social debts -€8,240
down €8,240 (-61.7%), from €13,350 to €5,110
of which Taxes: -€7,972
- Reserves -€5,802
down €5,802 (-2.0%), from €292,174 to €286,372
- Short-term financial debts -€5,500
down €5,500 (-44.0%), from €12,500 to €7,000
- Gross operating margin -€64,490
down €64,490 (-38.2%), from €168,968 to €104,478
- Taxes -€25,064
down €25,064 (-69.3%), from €36,180 to €11,116
- Depreciation +€13,521
up €13,521 (+491%), from €2,753 to €16,274
- Financial charges +€2,237
up €2,237 (+24.2%), from €9,237 to €11,474
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 | €504,039 | €525,908 | +€21,869 | +4.3% |
| Fixed assets | 21/28 | €77,953 | €61,679 | -€16,274 | -20.9% |
| Tangible fixed assets | 22/27 | €77,768 | €61,494 | -€16,274 | -20.9% |
| Land and buildings | 22 | €3,656 | €2,782 | -€874 | -23.9% |
| Plant, machinery and equipment | 23 | €2,305 | €1,516 | -€789 | -34.2% |
| Furniture and vehicles | 24 | €71,807 | €57,195 | -€14,612 | -20.3% |
| Financial fixed assets | 28 | €185 | €185 | = | 0.0% |
| Current assets | 29/58 | €426,086 | €464,230 | +€38,143 | +9.0% |
| Stocks and contracts in progress | 3 | €38,025 | €28,422 | -€9,603 | -25.3% |
| Stocks | 30/36 | €17,825 | €18,422 | +€597 | +3.3% |
| Contracts in progress | 37 | €20,200 | €10,000 | -€10,200 | -50.5% |
| Amounts receivable within one year | 40/41 | €47,464 | €26,553 | -€20,911 | -44.1% |
| Trade receivables | 40 | €42,770 | €21,736 | -€21,033 | -49.2% |
| Other amounts receivable | 41 | €4,694 | €4,817 | +€122 | +2.6% |
| Cash at bank and in hand | 54/58 | €336,916 | €405,408 | +€68,492 | +20.3% |
| Deferred charges and accrued income | 490/1 | €3,682 | €3,846 | +€165 | +4.5% |
| Total equity and liabilities | 10/49 | €504,039 | €525,908 | +€21,869 | +4.3% |
| Equity | 10/15 | €310,774 | €304,972 | -€5,802 | -1.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €292,174 | €286,372 | -€5,802 | -2.0% |
| Distributable reserves | 133 | €292,174 | €286,372 | -€5,802 | -2.0% |
| Amounts payable | 17/49 | €193,266 | €220,937 | +€27,671 | +14.3% |
| Amounts payable within one year | 42/48 | €183,650 | €209,347 | +€25,696 | +14.0% |
| Financial debts | 43 | €12,500 | €7,000 | -€5,500 | -44.0% |
| Credit institutions | 430/8 | €12,500 | €7,000 | -€5,500 | -44.0% |
| Trade debts | 44 | €20,800 | €29,947 | +€9,147 | +44.0% |
| Suppliers | 440/4 | €20,800 | €29,947 | +€9,147 | +44.0% |
| Advances received on contracts in progress | 46 | €5,676 | €668 | -€5,008 | -88.2% |
| Taxes, remuneration and social security | 45 | €13,350 | €5,110 | -€8,240 | -61.7% |
| Taxes | 450/3 | €9,068 | €1,096 | -€7,972 | -87.9% |
| Remuneration and social security | 454/9 | €4,282 | €4,014 | -€268 | -6.3% |
| Other amounts payable | 47/48 | €131,325 | €166,622 | +€35,297 | +26.9% |
| Accrued charges and deferred income | 492/3 | €9,615 | €11,590 | +€1,975 | +20.5% |
| Non-recurring operating income | 76A | €9,405 | - | -€9,405 | |
| Remuneration, social security and pensions | 62 | €39,701 | €40,774 | +€1,073 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,753 | €16,274 | +€13,521 | +491% |
| Other operating charges | 640/8 | €4,445 | €3,651 | -€794 | -17.9% |
| Gross operating margin | 9900 | €168,968 | €104,478 | -€64,490 | -38.2% |
| Operating profit (loss) | 9901 | €122,069 | €43,779 | -€78,290 | -64.1% |
| Financial income | 75/76B | €24 | €10 | -€14 | -57.7% |
| Recurring financial income | 75 | €24 | €10 | -€14 | -57.7% |
| Financial charges | 65/66B | €9,237 | €11,474 | +€2,237 | +24.2% |
| Recurring financial charges | 65 | €9,237 | €11,474 | +€2,237 | +24.2% |
| Profit (loss) for the period before taxes | 9903 | €112,856 | €32,315 | -€80,541 | -71.4% |
| Income taxes | 67/77 | €36,180 | €11,116 | -€25,064 | -69.3% |
| Profit (loss) for the period | 9904 | €76,676 | €21,200 | -€55,477 | -72.4% |
| Profit (loss) for the period to be appropriated | 9905 | €76,676 | €21,200 | -€55,477 | -72.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.