RAMANEX: 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.
RAMANEX
Largest movements
- Tangible fixed assets +€22,816
up €22,816 (+7.6%), from €300,546 to €323,362
of which Furniture and vehicles: +€24,284
- Receivables within one year +€20,310
up €20,310 (+7.4%), from €274,080 to €294,390
of which Other amounts receivable: +€17,872
- Cash +€19,972
up €19,972 (+328%), from €6,091 to €26,063
mainly Net result for the year (+€82,921) and Depreciation (+€59,645)
- Profit (loss) carried forward +€82,921
up €82,921 (+71.2%), from €116,458 to €199,379
- Debts after one year -€50,394
down €50,394 (-24.6%), from €204,729 to €154,335
- Tax, wage and social debts +€41,476
up €41,476 (+214%), from €19,381 to €60,857
of which Taxes: +€27,612
- Trade debts -€16,234
down €16,234 (-45.1%), from €36,018 to €19,784
- Accrued charges and deferred income +€7,317
up €7,317 (+2,514%), from €291 to €7,608
- Gross operating margin +€163,485
up €163,485 (+51.3%), from €318,610 to €482,095
- Depreciation +€37,527
up €37,527 (+170%), from €22,118 to €59,645
- Taxes +€26,951
up €26,951, from -€329 to €26,622
- Staff costs +€15,422
up €15,422 (+5.3%), from €289,499 to €304,921
- Financial income -€8,996
down €8,996 (-72.0%), from €12,499 to €3,503
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 | €630,276 | €697,356 | +€67,080 | +10.6% |
| Fixed assets | 21/28 | €329,546 | €352,362 | +€22,816 | +6.9% |
| Tangible fixed assets | 22/27 | €300,546 | €323,362 | +€22,816 | +7.6% |
| Plant, machinery and equipment | 23 | €4,452 | €2,984 | -€1,468 | -33.0% |
| Furniture and vehicles | 24 | €296,094 | €320,378 | +€24,284 | +8.2% |
| Financial fixed assets | 28 | €29,000 | €29,000 | = | 0.0% |
| Current assets | 29/58 | €300,730 | €344,994 | +€44,264 | +14.7% |
| Amounts receivable within one year | 40/41 | €274,080 | €294,390 | +€20,310 | +7.4% |
| Trade receivables | 40 | €48,573 | €51,011 | +€2,438 | +5.0% |
| Other amounts receivable | 41 | €225,507 | €243,379 | +€17,872 | +7.9% |
| Cash at bank and in hand | 54/58 | €6,091 | €26,063 | +€19,972 | +328% |
| Deferred charges and accrued income | 490/1 | €20,559 | €24,541 | +€3,982 | +19.4% |
| Total equity and liabilities | 10/49 | €630,276 | €697,356 | +€67,080 | +10.6% |
| Equity | 10/15 | €321,458 | €404,379 | +€82,921 | +25.8% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €140,000 | €140,000 | = | 0.0% |
| Distributable reserves | 133 | €140,000 | €140,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €116,458 | €199,379 | +€82,921 | +71.2% |
| Amounts payable | 17/49 | €308,818 | €292,977 | -€15,841 | -5.1% |
| Amounts payable after more than one year | 17 | €204,729 | €154,335 | -€50,394 | -24.6% |
| Financial debts | 170/4 | €204,729 | €154,335 | -€50,394 | -24.6% |
| Amounts payable within one year | 42/48 | €103,798 | €131,034 | +€27,236 | +26.2% |
| Current portion of amounts payable after more than one year | 42 | €48,399 | €50,393 | +€1,994 | +4.1% |
| Trade debts | 44 | €36,018 | €19,784 | -€16,234 | -45.1% |
| Suppliers | 440/4 | €36,018 | €19,784 | -€16,234 | -45.1% |
| Taxes, remuneration and social security | 45 | €19,381 | €60,857 | +€41,476 | +214% |
| Taxes | 450/3 | - | €27,612 | +€27,612 | |
| Remuneration and social security | 454/9 | €19,381 | €33,245 | +€13,864 | +71.5% |
| Accrued charges and deferred income | 492/3 | €291 | €7,608 | +€7,317 | +2,514% |
| Non-recurring operating income | 76A | €3,000 | - | -€3,000 | |
| Remuneration, social security and pensions | 62 | €289,499 | €304,921 | +€15,422 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,118 | €59,645 | +€37,527 | +170% |
| Other operating charges | 640/8 | €1,942 | €2,112 | +€170 | +8.8% |
| Gross operating margin | 9900 | €318,610 | €482,095 | +€163,485 | +51.3% |
| Operating profit (loss) | 9901 | €5,051 | €115,417 | +€110,366 | +2,185% |
| Financial income | 75/76B | €12,499 | €3,503 | -€8,996 | -72.0% |
| Recurring financial income | 75 | €12,499 | €3,503 | -€8,996 | -72.0% |
| Financial charges | 65/66B | €926 | €9,377 | +€8,451 | +913% |
| Recurring financial charges | 65 | €926 | €9,377 | +€8,451 | +913% |
| Profit (loss) for the period before taxes | 9903 | €16,624 | €109,543 | +€92,919 | +559% |
| Income taxes | 67/77 | -€329 | €26,622 | +€26,951 | |
| Profit (loss) for the period | 9904 | €16,953 | €82,921 | +€65,968 | +389% |
| Profit (loss) for the period to be appropriated | 9905 | €16,953 | €82,921 | +€65,968 | +389% |
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 14 October 2026 via checked.be.