RAMCASH: 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.
RAMCASH
Largest movements
- Tangible fixed assets +€16,164
up €16,164 (+2.5%), from €656,908 to €673,072
- Cash +€12,446
up €12,446 (+49.9%), from €24,920 to €37,366
mainly Depreciation (+€30,621) and Debts after one year (+€25,325)
- Debts after one year +€25,325
up €25,325 (+10.0%), from €253,376 to €278,701
of which Other amounts payable: +€38,934
- Other debts +€21,061
up €21,061 (+685.2%), from €3,074 to €24,135
- Reserves -€7,492
down €7,492 (-1.9%), from €403,839 to €396,347
of which Tax-exempt reserves: -€7,492
- Gross operating margin -€116,090
down €116,090 (-79.0%), from €146,936 to €30,846
- Depreciation -€3,559
down €3,559 (-10.4%), from €34,180 to €30,621
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 | €684,776 | €712,576 | +€27,800 | +4.1% |
| Fixed assets | 21/28 | €657,606 | €673,769 | +€16,164 | +2.5% |
| Tangible fixed assets | 22/27 | €656,908 | €673,072 | +€16,164 | +2.5% |
| Land and buildings | 22 | €656,908 | €673,072 | +€16,164 | +2.5% |
| Financial fixed assets | 28 | €698 | €698 | = | 0.0% |
| Current assets | 29/58 | €27,170 | €38,806 | +€11,636 | +42.8% |
| Cash at bank and in hand | 54/58 | €24,920 | €37,366 | +€12,446 | +49.9% |
| Deferred charges and accrued income | 490/1 | €2,250 | €1,440 | -€810 | -36.0% |
| Total equity and liabilities | 10/49 | €684,776 | €712,576 | +€27,800 | +4.1% |
| Equity | 10/15 | €332,782 | €319,531 | -€13,251 | -4.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €403,839 | €396,347 | -€7,492 | -1.9% |
| Non-distributable reserves | 130/1 | €14,500 | €14,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,500 | €14,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €158,515 | €151,023 | -€7,492 | -4.7% |
| Distributable reserves | 133 | €230,824 | €230,824 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€91,057 | -€96,816 | -€5,759 | -6.3% |
| Provisions and deferred taxes | 16 | €68,024 | €65,527 | -€2,497 | -3.7% |
| Deferred taxes | 168 | €68,024 | €65,527 | -€2,497 | -3.7% |
| Amounts payable | 17/49 | €283,969 | €327,518 | +€43,549 | +15.3% |
| Amounts payable after more than one year | 17 | €253,376 | €278,701 | +€25,325 | +10.0% |
| Financial debts | 170/4 | €203,302 | €189,693 | -€13,609 | -6.7% |
| Other amounts payable | 178/9 | €50,074 | €89,008 | +€38,934 | +77.8% |
| Amounts payable within one year | 42/48 | €28,216 | €48,817 | +€20,602 | +73.0% |
| Current portion of amounts payable after more than one year | 42 | €22,473 | €22,601 | +€127 | +0.6% |
| Trade debts | 44 | €2,594 | €1,415 | -€1,179 | -45.5% |
| Suppliers | 440/4 | €2,594 | €1,415 | -€1,179 | -45.5% |
| Taxes, remuneration and social security | 45 | €74 | €666 | +€592 | +800.7% |
| Taxes | 450/3 | €74 | €666 | +€592 | +800.7% |
| Other amounts payable | 47/48 | €3,074 | €24,135 | +€21,061 | +685.2% |
| Accrued charges and deferred income | 492/3 | €2,378 | - | -€2,378 | |
| Non-recurring operating income | 76A | €142,766 | €6,719 | -€136,047 | -95.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,180 | €30,621 | -€3,559 | -10.4% |
| Other operating charges | 640/8 | €5,919 | €6,063 | +€144 | +2.4% |
| Gross operating margin | 9900 | €146,936 | €30,846 | -€116,090 | -79.0% |
| Operating profit (loss) | 9901 | €106,837 | -€5,838 | -€112,675 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €10,015 | €9,911 | -€104 | -1.0% |
| Recurring financial charges | 65 | €10,015 | €9,911 | -€104 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | €96,822 | -€15,749 | -€112,571 | |
| Transfer from deferred taxes | 780 | €9,989 | €9,989 | = | 0.0% |
| Transfer to deferred taxes | 680 | €133,120 | - | -€133,120 | |
| Profit (loss) for the period | 9904 | -€26,309 | -€5,759 | +€20,550 | +78.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,309 | -€5,759 | +€20,550 | +78.1% |
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 5 October 2026 via checked.be.