RAMD'AM: 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.
RAMD'AM
Largest movements
- Receivables within one year +€33,009
up €33,009 (+204.5%), from €16,144 to €49,154
of which Other amounts receivable: +€43,226
- Stocks and contracts -€32,972
down €32,972 (-44.7%), from €73,755 to €40,783
- Tangible fixed assets +€23,193
up €23,193 (+64.0%), from €36,261 to €59,454
of which Other tangible fixed assets: +€21,071
- Cash +€15,586
up €15,586 (+34.1%), from €45,678 to €61,264
mainly Debts after one year (+€33,128) and Stocks and contracts (+€32,972)
- Financial fixed assets -€3,400
down €3,400 (-29.4%), from €11,575 to €8,175
- Debts after one year +€33,128
up €33,128 (+1927.2%), from €1,719 to €34,847
- Profit (loss) carried forward +€13,934
up €13,934 (+12.2%), from €114,467 to €128,401
- Tax, wage and social debts -€10,455
down €10,455 (-24.5%), from €42,628 to €32,172
of which Remuneration and social security: -€7,116
- Trade debts -€5,668
down €5,668 (-36.6%), from €15,465 to €9,798
- Current portion of long-term debt +€2,579
up €2,579 (+25.3%), from €10,176 to €12,755
- Staff costs +€27,707
up €27,707 (+16.5%), from €167,805 to €195,512
- Gross operating margin +€10,569
up €10,569 (+4.5%), from €236,133 to €246,701
- Taxes -€3,989
down €3,989 (-28.6%), from €13,942 to €9,952
- Other operating charges -€2,932
down €2,932 (-44.3%), from €6,621 to €3,690
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 | €192,912 | €226,738 | +€33,826 | +17.5% |
| Fixed assets | 21/28 | €47,836 | €67,629 | +€19,793 | +41.4% |
| Tangible fixed assets | 22/27 | €36,261 | €59,454 | +€23,193 | +64.0% |
| Furniture and vehicles | 24 | €7,778 | €9,900 | +€2,122 | +27.3% |
| Other tangible fixed assets | 26 | €28,483 | €49,554 | +€21,071 | +74.0% |
| Financial fixed assets | 28 | €11,575 | €8,175 | -€3,400 | -29.4% |
| Current assets | 29/58 | €145,076 | €159,109 | +€14,033 | +9.7% |
| Stocks and contracts in progress | 3 | €73,755 | €40,783 | -€32,972 | -44.7% |
| Stocks | 30/36 | €73,755 | €40,783 | -€32,972 | -44.7% |
| Amounts receivable within one year | 40/41 | €16,144 | €49,154 | +€33,009 | +204.5% |
| Trade receivables | 40 | €16,144 | €5,927 | -€10,217 | -63.3% |
| Other amounts receivable | 41 | €0 | €43,226 | +€43,226 | |
| Cash at bank and in hand | 54/58 | €45,678 | €61,264 | +€15,586 | +34.1% |
| Deferred charges and accrued income | 490/1 | €9,498 | €7,908 | -€1,590 | -16.7% |
| Total equity and liabilities | 10/49 | €192,912 | €226,738 | +€33,826 | +17.5% |
| Equity | 10/15 | €122,527 | €136,461 | +€13,934 | +11.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €114,467 | €128,401 | +€13,934 | +12.2% |
| Amounts payable | 17/49 | €70,385 | €90,277 | +€19,892 | +28.3% |
| Amounts payable after more than one year | 17 | €1,719 | €34,847 | +€33,128 | +1927.2% |
| Financial debts | 170/4 | €1,719 | €34,847 | +€33,128 | +1927.2% |
| Amounts payable within one year | 42/48 | €68,369 | €55,430 | -€12,939 | -18.9% |
| Current portion of amounts payable after more than one year | 42 | €10,176 | €12,755 | +€2,579 | +25.3% |
| Trade debts | 44 | €15,465 | €9,798 | -€5,668 | -36.6% |
| Suppliers | 440/4 | €15,465 | €9,798 | -€5,668 | -36.6% |
| Taxes, remuneration and social security | 45 | €42,628 | €32,172 | -€10,455 | -24.5% |
| Taxes | 450/3 | €15,463 | €12,124 | -€3,340 | -21.6% |
| Remuneration and social security | 454/9 | €27,164 | €20,049 | -€7,116 | -26.2% |
| Other amounts payable | 47/48 | €100 | €705 | +€605 | +602.0% |
| Accrued charges and deferred income | 492/3 | €297 | €0 | -€297 | -99.9% |
| Remuneration, social security and pensions | 62 | €167,805 | €195,512 | +€27,707 | +16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,902 | €6,101 | -€801 | -11.6% |
| Other operating charges | 640/8 | €6,621 | €3,690 | -€2,932 | -44.3% |
| Gross operating margin | 9900 | €236,133 | €246,701 | +€10,569 | +4.5% |
| Operating profit (loss) | 9901 | €54,804 | €41,399 | -€13,405 | -24.5% |
| Financial income | 75/76B | €61 | €37 | -€25 | -40.5% |
| Recurring financial income | 75 | €61 | €37 | -€25 | -40.5% |
| Financial charges | 65/66B | €5,616 | €6,378 | +€762 | +13.6% |
| Recurring financial charges | 65 | €5,616 | €6,378 | +€762 | +13.6% |
| Profit (loss) for the period before taxes | 9903 | €49,249 | €35,057 | -€14,192 | -28.8% |
| Income taxes | 67/77 | €13,942 | €9,952 | -€3,989 | -28.6% |
| Profit (loss) for the period | 9904 | €35,307 | €25,105 | -€10,202 | -28.9% |
| Profit (loss) for the period to be appropriated | 9905 | €35,307 | €25,105 | -€10,202 | -28.9% |
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 8 October 2026 via checked.be.