RAMAN A & M: 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.
RAMAN A & M
Largest movements
- Receivables within one year +€37,533
up €37,533 (+215%), from €17,480 to €55,013
of which Trade receivables: +€18,803
- Cash +€29,194
up €29,194 (+15.9%), from €183,792 to €212,986
mainly Advances received (+€23,772) and Current investments (+€20,000)
- Current investments -€20,000
down €20,000 (-24.2%), from €82,756 to €62,756
- Tangible fixed assets -€12,619
down €12,619 (-38.1%), from €33,156 to €20,537
of which Furniture and vehicles: -€9,050
- Advances received +€23,772
new in 2025: €23,772
- Reserves +€9,714
up €9,714 (+4.1%), from €234,578 to €244,292
of which Distributable reserves: +€20,014
- Gross operating margin -€7,324
down €7,324 (-20.1%), from €36,432 to €29,108
- Taxes +€2,387
up €2,387 (+32.2%), from €7,405 to €9,791
- Financial income +€2,081
up €2,081 (+105%), from €1,982 to €4,063
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 | €318,121 | €352,537 | +€34,416 | +10.8% |
| Fixed assets | 21/28 | €33,156 | €20,537 | -€12,619 | -38.1% |
| Tangible fixed assets | 22/27 | €33,156 | €20,537 | -€12,619 | -38.1% |
| Furniture and vehicles | 24 | €17,698 | €8,648 | -€9,050 | -51.1% |
| Other tangible fixed assets | 26 | €15,458 | €11,889 | -€3,569 | -23.1% |
| Current assets | 29/58 | €284,965 | €332,000 | +€47,035 | +16.5% |
| Amounts receivable within one year | 40/41 | €17,480 | €55,013 | +€37,533 | +215% |
| Trade receivables | 40 | €13,223 | €32,026 | +€18,803 | +142% |
| Other amounts receivable | 41 | €4,258 | €22,987 | +€18,729 | +440% |
| Current investments | 50/53 | €82,756 | €62,756 | -€20,000 | -24.2% |
| Cash at bank and in hand | 54/58 | €183,792 | €212,986 | +€29,194 | +15.9% |
| Deferred charges and accrued income | 490/1 | €937 | €1,245 | +€308 | +32.9% |
| Total equity and liabilities | 10/49 | €318,121 | €352,537 | +€34,416 | +10.8% |
| Equity | 10/15 | €311,968 | €321,682 | +€9,714 | +3.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €234,578 | €244,292 | +€9,714 | +4.1% |
| Tax-exempt reserves | 132 | €10,300 | €0 | -€10,300 | -100% |
| Distributable reserves | 133 | €224,278 | €244,292 | +€20,014 | +8.9% |
| Profit (loss) carried forward | 14 | €71,190 | €71,190 | = | 0.0% |
| Amounts payable | 17/49 | €6,153 | €30,855 | +€24,702 | +401% |
| Amounts payable within one year | 42/48 | €5,653 | €30,355 | +€24,702 | +437% |
| Trade debts | 44 | €942 | €1,256 | +€314 | +33.3% |
| Suppliers | 440/4 | €942 | €1,256 | +€314 | +33.3% |
| Advances received on contracts in progress | 46 | - | €23,772 | +€23,772 | |
| Taxes, remuneration and social security | 45 | €4,711 | €5,327 | +€617 | +13.1% |
| Taxes | 450/3 | €1,711 | €2,327 | +€617 | +36.0% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €500 | €500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,768 | €12,619 | -€149 | -1.2% |
| Other operating charges | 640/8 | €1,015 | €1,006 | -€9 | -0.8% |
| Gross operating margin | 9900 | €36,432 | €29,108 | -€7,324 | -20.1% |
| Operating profit (loss) | 9901 | €22,649 | €15,483 | -€7,167 | -31.6% |
| Financial income | 75/76B | €1,982 | €4,063 | +€2,081 | +105% |
| Recurring financial income | 75 | €1,982 | €4,063 | +€2,081 | +105% |
| Financial charges | 65/66B | €120 | €40 | -€80 | -66.4% |
| Recurring financial charges | 65 | €120 | €40 | -€80 | -66.4% |
| Profit (loss) for the period before taxes | 9903 | €24,511 | €19,505 | -€5,006 | -20.4% |
| Income taxes | 67/77 | €7,405 | €9,791 | +€2,387 | +32.2% |
| Profit (loss) for the period | 9904 | €17,107 | €9,714 | -€7,393 | -43.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,107 | €9,714 | -€7,393 | -43.2% |
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 25 October 2026 via checked.be.