RAMASO: what changed
Two fiscal 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.
RAMASO
Largest movements
- Cash +€49,579
up €49,579 (+61.2%), from €80,952 to €130,532
mainly Other debts (+€98,814) and Net result for the year (+€36,430)
- Tangible fixed assets -€11,545
down €11,545 (-32.2%), from €35,861 to €24,316
of which Furniture and vehicles: -€7,489
- Stocks and contracts +€2,941
up €2,941 (+174.6%), from €1,684 to €4,625
- Receivables within one year +€2,223
up €2,223 (+239.2%), from €929 to €3,152
of which Trade receivables: +€3,152
- Other debts +€98,814
up €98,814 (+461.9%), from €21,395 to €120,210
- Profit (loss) carried forward -€61,570
down €61,570 (-99.4%), from €61,952 to €382
- Tax, wage and social debts +€4,953
up €4,953 (+32.6%), from €15,172 to €20,124
of which Taxes: +€4,953
- Gross operating margin -€21,524
down €21,524 (-17.9%), from €120,276 to €98,753
- Taxes -€4,340
down €4,340 (-24.9%), from €17,422 to €13,082
- Financial charges -€1,771
down €1,771 (-4.6%), from €38,729 to €36,957
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.
Cash bridge derived
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 | €120,039 | €163,436 | +€43,397 | +36.2% |
| Fixed assets | 21/28 | €36,341 | €24,796 | -€11,545 | -31.8% |
| Tangible fixed assets | 22/27 | €35,861 | €24,316 | -€11,545 | -32.2% |
| Plant, machinery and equipment | 23 | €12,446 | €8,390 | -€4,056 | -32.6% |
| Furniture and vehicles | 24 | €23,415 | €15,926 | -€7,489 | -32.0% |
| Financial fixed assets | 28 | €480 | €480 | = | 0.0% |
| Current assets | 29/58 | €83,698 | €138,640 | +€54,942 | +65.6% |
| Stocks and contracts in progress | 3 | €1,684 | €4,625 | +€2,941 | +174.6% |
| Stocks | 30/36 | €1,684 | €4,625 | +€2,941 | +174.6% |
| Amounts receivable within one year | 40/41 | €929 | €3,152 | +€2,223 | +239.2% |
| Trade receivables | 40 | - | €3,152 | +€3,152 | |
| Other amounts receivable | 41 | €929 | €0 | -€929 | -100.0% |
| Cash at bank and in hand | 54/58 | €80,952 | €130,532 | +€49,579 | +61.2% |
| Deferred charges and accrued income | 490/1 | €132 | €332 | +€200 | +151.5% |
| Total equity and liabilities | 10/49 | €120,039 | €163,436 | +€43,397 | +36.2% |
| Equity | 10/15 | €81,952 | €20,382 | -€61,570 | -75.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,952 | €382 | -€61,570 | -99.4% |
| Amounts payable | 17/49 | €38,087 | €143,054 | +€104,968 | +275.6% |
| Amounts payable within one year | 42/48 | €37,105 | €140,444 | +€103,339 | +278.5% |
| Trade debts | 44 | €538 | €110 | -€428 | -79.5% |
| Suppliers | 440/4 | €538 | €110 | -€428 | -79.5% |
| Taxes, remuneration and social security | 45 | €15,172 | €20,124 | +€4,953 | +32.6% |
| Taxes | 450/3 | €15,076 | €20,028 | +€4,953 | +32.9% |
| Remuneration and social security | 454/9 | €96 | €96 | = | 0.0% |
| Other amounts payable | 47/48 | €21,395 | €120,210 | +€98,814 | +461.9% |
| Accrued charges and deferred income | 492/3 | €982 | €2,611 | +€1,628 | +165.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,927 | €11,545 | -€382 | -3.2% |
| Other operating charges | 640/8 | €899 | €928 | +€30 | +3.3% |
| Gross operating margin | 9900 | €120,276 | €98,753 | -€21,524 | -17.9% |
| Operating profit (loss) | 9901 | €107,451 | €86,279 | -€21,171 | -19.7% |
| Financial income | 75/76B | €35 | €190 | +€155 | +449.3% |
| Recurring financial income | 75 | €35 | €190 | +€155 | +449.3% |
| Financial charges | 65/66B | €38,729 | €36,957 | -€1,771 | -4.6% |
| Recurring financial charges | 65 | €38,729 | €36,957 | -€1,771 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €68,756 | €49,512 | -€19,245 | -28.0% |
| Income taxes | 67/77 | €17,422 | €13,082 | -€4,340 | -24.9% |
| Profit (loss) for the period | 9904 | €51,334 | €36,430 | -€14,905 | -29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €51,334 | €36,430 | -€14,905 | -29.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.