RAMAL: 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.
RAMAL
Largest movements
- Receivables within one year +€10,863
up €10,863 (+29.3%), from €37,067 to €47,930
- Tangible fixed assets -€9,712
down €9,712 (-68.5%), from €14,181 to €4,469
- Current investments +€5,601
up €5,601 (+5.7%), from €98,096 to €103,697
- Reserves +€23,308
up €23,308 (+13.9%), from €167,592 to €190,900
- Tax, wage and social debts -€5,353
down €5,353 (-27.1%), from €19,749 to €14,396
- Trade debts -€3,567
down €3,567 (-38.4%), from €9,294 to €5,728
- Current portion of long-term debt -€3,332
no longer reported in 2025 (was €3,332)
- Taxes +€1,682
up €1,682 (+4.9%), from €34,265 to €35,947
- Gross operating margin +€1,529
up €1,529 (+1.1%), from €140,884 to €142,413
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 | €213,257 | €222,234 | +€8,977 | +4.2% |
| Fixed assets | 21/28 | €14,181 | €4,469 | -€9,712 | -68.5% |
| Tangible fixed assets | 22/27 | €14,181 | €4,469 | -€9,712 | -68.5% |
| Furniture and vehicles | 24 | €14,181 | €4,469 | -€9,712 | -68.5% |
| Current assets | 29/58 | €199,077 | €217,765 | +€18,688 | +9.4% |
| Amounts receivable after more than one year | 29 | €49,600 | €49,600 | = | 0.0% |
| Other amounts receivable | 291 | €49,600 | €49,600 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €37,067 | €47,930 | +€10,863 | +29.3% |
| Trade receivables | 40 | €37,067 | €47,930 | +€10,863 | +29.3% |
| Current investments | 50/53 | €98,096 | €103,697 | +€5,601 | +5.7% |
| Cash at bank and in hand | 54/58 | €14,195 | €15,899 | +€1,704 | +12.0% |
| Deferred charges and accrued income | 490/1 | €118 | €638 | +€520 | +439% |
| Total equity and liabilities | 10/49 | €213,257 | €222,234 | +€8,977 | +4.2% |
| Equity | 10/15 | €177,592 | €200,900 | +€23,308 | +13.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €167,592 | €190,900 | +€23,308 | +13.9% |
| Distributable reserves | 133 | €167,592 | €190,900 | +€23,308 | +13.9% |
| Amounts payable | 17/49 | €35,665 | €21,334 | -€14,331 | -40.2% |
| Amounts payable within one year | 42/48 | €35,665 | €21,334 | -€14,331 | -40.2% |
| Current portion of amounts payable after more than one year | 42 | €3,332 | - | -€3,332 | |
| Trade debts | 44 | €9,294 | €5,728 | -€3,567 | -38.4% |
| Suppliers | 440/4 | €9,294 | €5,728 | -€3,567 | -38.4% |
| Taxes, remuneration and social security | 45 | €19,749 | €14,396 | -€5,353 | -27.1% |
| Taxes | 450/3 | €19,749 | €14,396 | -€5,353 | -27.1% |
| Other amounts payable | 47/48 | €3,290 | €1,211 | -€2,080 | -63.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,041 | €11,948 | -€93 | -0.8% |
| Other operating charges | 640/8 | €1,598 | €1,418 | -€181 | -11.3% |
| Gross operating margin | 9900 | €140,884 | €142,413 | +€1,529 | +1.1% |
| Operating profit (loss) | 9901 | €127,245 | €129,048 | +€1,803 | +1.4% |
| Financial income | 75/76B | €15 | €875 | +€861 | +5,879% |
| Recurring financial income | 75 | €15 | €875 | +€861 | +5,879% |
| Financial charges | 65/66B | €927 | €657 | -€270 | -29.1% |
| Recurring financial charges | 65 | €927 | €657 | -€270 | -29.1% |
| Profit (loss) for the period before taxes | 9903 | €126,333 | €129,266 | +€2,934 | +2.3% |
| Income taxes | 67/77 | €34,265 | €35,947 | +€1,682 | +4.9% |
| Profit (loss) for the period | 9904 | €92,068 | €93,320 | +€1,252 | +1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €92,068 | €93,320 | +€1,252 | +1.4% |
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.