Ramdog & Cortex: 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.
Ramdog & Cortex
Largest movements
- Receivables within one year +€32,559
up €32,559 (+2347.8%), from €1,387 to €33,946
of which Trade receivables: +€32,861
- Tangible fixed assets -€500
down €500 (-56.9%), from €879 to €379
- Profit (loss) carried forward +€23,807
up €23,807, from -€19,596 to €4,211
- Trade debts +€15,202
up €15,202 (+3277.4%), from €464 to €15,666
- Tax, wage and social debts -€9,158
down €9,158 (-41.7%), from €21,947 to €12,790
of which Remuneration and social security: -€12,929
- Other debts +€4,462
up €4,462, from €0 to €4,462
- Advances received -€2,050
no longer reported in 2025 (was €2,050)
- Staff costs -€123,355
down €123,355 (-87.1%), from €141,565 to €18,210
- Gross operating margin -€77,158
down €77,158 (-60.0%), from €128,520 to €51,362
- Taxes +€5,144
up €5,144, from €0 to €5,144
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 | €5,865 | €38,128 | +€32,263 | +550.1% |
| Fixed assets | 21/28 | €879 | €379 | -€500 | -56.9% |
| Tangible fixed assets | 22/27 | €879 | €379 | -€500 | -56.9% |
| Furniture and vehicles | 24 | €879 | €379 | -€500 | -56.9% |
| Current assets | 29/58 | €4,986 | €37,749 | +€32,763 | +657.1% |
| Amounts receivable within one year | 40/41 | €1,387 | €33,946 | +€32,559 | +2347.8% |
| Trade receivables | 40 | €0 | €32,861 | +€32,861 | |
| Other amounts receivable | 41 | €1,387 | €1,085 | -€302 | -21.8% |
| Cash at bank and in hand | 54/58 | €3,424 | €3,624 | +€201 | +5.9% |
| Deferred charges and accrued income | 490/1 | €176 | €179 | +€4 | +2.0% |
| Total equity and liabilities | 10/49 | €5,865 | €38,128 | +€32,263 | +550.1% |
| Equity | 10/15 | -€18,596 | €5,211 | +€23,807 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,596 | €4,211 | +€23,807 | |
| Amounts payable | 17/49 | €24,461 | €32,917 | +€8,456 | +34.6% |
| Amounts payable within one year | 42/48 | €24,461 | €32,917 | +€8,456 | +34.6% |
| Trade debts | 44 | €464 | €15,666 | +€15,202 | +3277.4% |
| Suppliers | 440/4 | €464 | €15,666 | +€15,202 | +3277.4% |
| Advances received on contracts in progress | 46 | €2,050 | - | -€2,050 | |
| Taxes, remuneration and social security | 45 | €21,947 | €12,790 | -€9,158 | -41.7% |
| Taxes | 450/3 | €9,018 | €12,790 | +€3,771 | +41.8% |
| Remuneration and social security | 454/9 | €12,929 | - | -€12,929 | |
| Other amounts payable | 47/48 | €0 | €4,462 | +€4,462 | |
| Remuneration, social security and pensions | 62 | €141,565 | €18,210 | -€123,355 | -87.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €495 | €500 | +€5 | +1.0% |
| Other operating charges | 640/8 | €1,130 | €1,366 | +€236 | +20.9% |
| Gross operating margin | 9900 | €128,520 | €51,362 | -€77,158 | -60.0% |
| Operating profit (loss) | 9901 | -€14,670 | €31,286 | +€45,956 | |
| Financial income | 75/76B | €95 | - | -€95 | |
| Recurring financial income | 75 | €95 | - | -€95 | |
| Financial charges | 65/66B | €3,612 | €2,335 | -€1,277 | -35.4% |
| Recurring financial charges | 65 | €3,612 | €2,335 | -€1,277 | -35.4% |
| Profit (loss) for the period before taxes | 9903 | -€18,186 | €28,952 | +€47,137 | |
| Income taxes | 67/77 | €0 | €5,144 | +€5,144 | |
| Profit (loss) for the period | 9904 | -€18,186 | €23,807 | +€41,993 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,186 | €23,807 | +€41,993 |
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 6 October 2026 via checked.be.