RAMCARO: 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.
RAMCARO
Largest movements
- Receivables within one year +€12,100
up €12,100 (+100%), from €12,100 to €24,200
- Tangible fixed assets -€4,763
down €4,763 (-52.3%), from €9,100 to €4,338
of which Furniture and vehicles: -€4,199
- Cash -€4,058
down €4,058 (-2.9%), from €139,701 to €135,643
mainly Contributions, distributions and other (-€27,647) and Receivables within one year (-€12,100)
- Other debts +€8,918
up €8,918 (+46.5%), from €19,196 to €28,114
- Current portion of long-term debt -€3,863
no longer reported in 2025 (was €3,863)
- Tax, wage and social debts -€2,234
down €2,234 (-26.2%), from €8,518 to €6,284
- Gross operating margin -€13,993
down €13,993 (-24.7%), from €56,631 to €42,638
- Depreciation -€4,694
down €4,694 (-44.7%), from €10,509 to €5,815
- Taxes -€3,712
down €3,712 (-30.9%), from €12,026 to €8,314
- Financial income -€1,223
no longer reported in 2025 (was €1,223)
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 | €162,288 | €165,211 | +€2,923 | +1.8% |
| Fixed assets | 21/28 | €9,100 | €4,338 | -€4,763 | -52.3% |
| Tangible fixed assets | 22/27 | €9,100 | €4,338 | -€4,763 | -52.3% |
| Land and buildings | 22 | €3,487 | €2,923 | -€564 | -16.2% |
| Furniture and vehicles | 24 | €5,613 | €1,415 | -€4,199 | -74.8% |
| Current assets | 29/58 | €153,187 | €160,873 | +€7,686 | +5.0% |
| Amounts receivable within one year | 40/41 | €12,100 | €24,200 | +€12,100 | +100% |
| Trade receivables | 40 | €12,100 | €24,200 | +€12,100 | +100% |
| Cash at bank and in hand | 54/58 | €139,701 | €135,643 | -€4,058 | -2.9% |
| Deferred charges and accrued income | 490/1 | €1,387 | €1,030 | -€357 | -25.7% |
| Total equity and liabilities | 10/49 | €162,288 | €165,211 | +€2,923 | +1.8% |
| Equity | 10/15 | €128,835 | €128,906 | +€70 | +0.1% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €122,800 | €122,800 | = | 0.0% |
| Distributable reserves | 133 | €122,800 | €122,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35 | €106 | +€70 | +199% |
| Provisions and deferred taxes | 16 | €1,650 | €1,650 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €1,650 | €1,650 | = | 0.0% |
| Other liabilities and charges | 164/5 | €1,650 | €1,650 | = | 0.0% |
| Amounts payable | 17/49 | €31,802 | €34,655 | +€2,853 | +9.0% |
| Amounts payable within one year | 42/48 | €31,802 | €34,655 | +€2,853 | +9.0% |
| Current portion of amounts payable after more than one year | 42 | €3,863 | - | -€3,863 | |
| Trade debts | 44 | €226 | €257 | +€31 | +13.7% |
| Suppliers | 440/4 | €226 | €257 | +€31 | +13.7% |
| Taxes, remuneration and social security | 45 | €8,518 | €6,284 | -€2,234 | -26.2% |
| Taxes | 450/3 | €8,518 | €6,284 | -€2,234 | -26.2% |
| Other amounts payable | 47/48 | €19,196 | €28,114 | +€8,918 | +46.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,509 | €5,815 | -€4,694 | -44.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €20 | - | -€20 | |
| Other operating charges | 640/8 | €648 | €727 | +€79 | +12.3% |
| Gross operating margin | 9900 | €56,631 | €42,638 | -€13,993 | -24.7% |
| Operating profit (loss) | 9901 | €45,454 | €36,096 | -€9,358 | -20.6% |
| Financial income | 75/76B | €1,223 | - | -€1,223 | |
| Recurring financial income | 75 | €1,223 | - | -€1,223 | |
| Financial charges | 65/66B | €132 | €65 | -€67 | -50.7% |
| Recurring financial charges | 65 | €132 | €65 | -€67 | -50.7% |
| Profit (loss) for the period before taxes | 9903 | €46,546 | €36,031 | -€10,514 | -22.6% |
| Income taxes | 67/77 | €12,026 | €8,314 | -€3,712 | -30.9% |
| Profit (loss) for the period | 9904 | €34,520 | €27,717 | -€6,802 | -19.7% |
| Profit (loss) for the period to be appropriated | 9905 | €34,520 | €27,717 | -€6,802 | -19.7% |
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 28 October 2026 via checked.be.