RAMBLAZ: 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.
RAMBLAZ
Largest movements
- Stocks and contracts +€80,132
up €80,132 (+45.1%), from €177,507 to €257,639
of which Contracts in progress: +€86,915
- Receivables within one year +€54,319
up €54,319 (+44.0%), from €123,317 to €177,636
of which Other amounts receivable: +€28,994
- Cash -€30,984
down €30,984 (-98.3%), from €31,527 to €543
mainly Stocks and contracts (-€80,132) and Receivables within one year (-€54,319)
- Tangible fixed assets -€13,450
down €13,450 (-6.6%), from €203,186 to €189,737
of which Land and buildings: -€10,282
- Trade debts +€59,453
up €59,453 (+37.9%), from €157,069 to €216,522
- Short-term financial debts +€25,230
new in 2025: €25,230
- Other debts +€19,404
up €19,404 (+3256.3%), from €596 to €20,000
- Tax, wage and social debts -€17,597
down €17,597 (-69.7%), from €25,252 to €7,655
of which Remuneration and social security: -€18,773
- Debts after one year -€14,092
down €14,092 (-9.8%), from €144,414 to €130,322
- Gross operating margin +€79,762
up €79,762 (+168.5%), from €47,328 to €127,090
- Staff costs -€20,540
down €20,540 (-20.0%), from €102,743 to €82,203
- Financial charges -€18,317
down €18,317 (-51.0%), from €35,901 to €17,584
- Depreciation -€8,595
down €8,595 (-33.2%), from €25,862 to €17,267
- Other operating charges -€2,361
down €2,361 (-63.2%), from €3,733 to €1,373
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 | €548,558 | €635,260 | +€86,703 | +15.8% |
| Fixed assets | 21/28 | €212,726 | €197,477 | -€15,250 | -7.2% |
| Intangible fixed assets | 21 | €7,050 | €5,250 | -€1,800 | -25.5% |
| Tangible fixed assets | 22/27 | €203,186 | €189,737 | -€13,450 | -6.6% |
| Land and buildings | 22 | €189,008 | €178,726 | -€10,282 | -5.4% |
| Furniture and vehicles | 24 | €14,179 | €11,011 | -€3,168 | -22.3% |
| Financial fixed assets | 28 | €2,490 | €2,490 | = | 0.0% |
| Current assets | 29/58 | €335,831 | €437,784 | +€101,952 | +30.4% |
| Stocks and contracts in progress | 3 | €177,507 | €257,639 | +€80,132 | +45.1% |
| Stocks | 30/36 | €106,817 | €100,034 | -€6,783 | -6.4% |
| Contracts in progress | 37 | €70,690 | €157,605 | +€86,915 | +123.0% |
| Amounts receivable within one year | 40/41 | €123,317 | €177,636 | +€54,319 | +44.0% |
| Trade receivables | 40 | €76,502 | €101,827 | +€25,325 | +33.1% |
| Other amounts receivable | 41 | €46,816 | €75,809 | +€28,994 | +61.9% |
| Cash at bank and in hand | 54/58 | €31,527 | €543 | -€30,984 | -98.3% |
| Deferred charges and accrued income | 490/1 | €3,480 | €1,966 | -€1,514 | -43.5% |
| Total equity and liabilities | 10/49 | €548,558 | €635,260 | +€86,703 | +15.8% |
| Equity | 10/15 | €6,262 | €17,771 | +€11,509 | +183.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €48,705 | €48,705 | = | 0.0% |
| Distributable reserves | 133 | €48,705 | €48,705 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,642 | -€37,134 | +€11,509 | +23.7% |
| Amounts payable | 17/49 | €542,295 | €617,489 | +€75,194 | +13.9% |
| Amounts payable after more than one year | 17 | €144,414 | €130,322 | -€14,092 | -9.8% |
| Financial debts | 170/4 | €144,414 | €130,322 | -€14,092 | -9.8% |
| Amounts payable within one year | 42/48 | €397,882 | €487,167 | +€89,286 | +22.4% |
| Current portion of amounts payable after more than one year | 42 | €214,965 | €217,761 | +€2,795 | +1.3% |
| Financial debts | 43 | - | €25,230 | +€25,230 | |
| Credit institutions | 430/8 | - | €25,230 | +€25,230 | |
| Trade debts | 44 | €157,069 | €216,522 | +€59,453 | +37.9% |
| Suppliers | 440/4 | €157,069 | €216,522 | +€59,453 | +37.9% |
| Taxes, remuneration and social security | 45 | €25,252 | €7,655 | -€17,597 | -69.7% |
| Taxes | 450/3 | €5,115 | €6,291 | +€1,176 | +23.0% |
| Remuneration and social security | 454/9 | €20,137 | €1,364 | -€18,773 | -93.2% |
| Other amounts payable | 47/48 | €596 | €20,000 | +€19,404 | +3256.3% |
| Non-recurring operating income | 76A | €46,449 | €11,000 | -€35,449 | -76.3% |
| Remuneration, social security and pensions | 62 | €102,743 | €82,203 | -€20,540 | -20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,862 | €17,267 | -€8,595 | -33.2% |
| Other operating charges | 640/8 | €3,733 | €1,373 | -€2,361 | -63.2% |
| Gross operating margin | 9900 | €47,328 | €127,090 | +€79,762 | +168.5% |
| Operating profit (loss) | 9901 | -€85,010 | €26,247 | +€111,258 | |
| Financial income | 75/76B | €3,584 | €3,553 | -€32 | -0.9% |
| Recurring financial income | 75 | €3,584 | €3,553 | -€32 | -0.9% |
| Financial charges | 65/66B | €35,901 | €17,584 | -€18,317 | -51.0% |
| Recurring financial charges | 65 | €35,901 | €17,584 | -€18,317 | -51.0% |
| Profit (loss) for the period before taxes | 9903 | -€117,327 | €12,216 | +€129,543 | |
| Income taxes | 67/77 | €732 | €707 | -€25 | -3.5% |
| Profit (loss) for the period | 9904 | -€118,060 | €11,509 | +€129,568 | |
| Profit (loss) for the period to be appropriated | 9905 | -€118,060 | €11,509 | +€129,568 |
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 10 October 2026 via checked.be.