RAMECON: 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.
RAMECON
Largest movements
- Stocks and contracts -€35,368
no longer reported in 2025 (was €35,368)
- Tangible fixed assets -€21,637
down €21,637 (-35.9%), from €60,339 to €38,701
of which Furniture and vehicles: -€17,185
- Receivables within one year -€12,308
down €12,308 (-42.7%), from €28,816 to €16,508
of which Other amounts receivable: -€20,253
- Cash -€7,251
down €7,251 (-31.5%), from €22,997 to €15,746
mainly Net result for the year (-€91,386) and Debts after one year (-€6,106)
- Deferred charges and accrued income +€2,798
up €2,798 (+49.3%), from €5,671 to €8,469
- Profit (loss) carried forward -€91,386
down €91,386, from €67 to -€91,320
- Other debts +€25,548
up €25,548 (+155.0%), from €16,478 to €42,025
- Debts after one year -€6,106
down €6,106 (-37.3%), from €16,382 to €10,277
- Tax, wage and social debts -€3,293
down €3,293 (-13.6%), from €24,251 to €20,958
of which Remuneration and social security: -€7,363
- Gross operating margin -€193,950
down €193,950 (-90.5%), from €214,327 to €20,377
- Staff costs -€27,500
down €27,500 (-24.5%), from €112,056 to €84,556
- Depreciation -€17,580
down €17,580 (-42.1%), from €41,718 to €24,137
- Taxes -€16,551
down €16,551 (-98.9%), from €16,728 to €177
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 | €153,190 | €79,424 | -€73,766 | -48.2% |
| Fixed assets | 21/28 | €60,339 | €38,701 | -€21,637 | -35.9% |
| Tangible fixed assets | 22/27 | €60,339 | €38,701 | -€21,637 | -35.9% |
| Land and buildings | 22 | €14,437 | €13,071 | -€1,366 | -9.5% |
| Plant, machinery and equipment | 23 | €12,102 | €9,749 | -€2,353 | -19.4% |
| Furniture and vehicles | 24 | €31,597 | €14,413 | -€17,185 | -54.4% |
| Other tangible fixed assets | 26 | €2,203 | €1,468 | -€734 | -33.3% |
| Current assets | 29/58 | €92,852 | €40,723 | -€52,129 | -56.1% |
| Stocks and contracts in progress | 3 | €35,368 | - | -€35,368 | |
| Contracts in progress | 37 | €35,368 | - | -€35,368 | |
| Amounts receivable within one year | 40/41 | €28,816 | €16,508 | -€12,308 | -42.7% |
| Trade receivables | 40 | €4,041 | €11,986 | +€7,945 | +196.6% |
| Other amounts receivable | 41 | €24,775 | €4,522 | -€20,253 | -81.7% |
| Cash at bank and in hand | 54/58 | €22,997 | €15,746 | -€7,251 | -31.5% |
| Deferred charges and accrued income | 490/1 | €5,671 | €8,469 | +€2,798 | +49.3% |
| Total equity and liabilities | 10/49 | €153,190 | €79,424 | -€73,766 | -48.2% |
| Equity | 10/15 | €72,724 | -€18,663 | -€91,386 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €66,457 | €66,457 | = | 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% |
| Distributable reserves | 133 | €64,597 | €64,597 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67 | -€91,320 | -€91,386 | |
| Amounts payable | 17/49 | €80,467 | €98,087 | +€17,620 | +21.9% |
| Amounts payable after more than one year | 17 | €16,382 | €10,277 | -€6,106 | -37.3% |
| Financial debts | 170/4 | €16,382 | €10,277 | -€6,106 | -37.3% |
| Amounts payable within one year | 42/48 | €64,085 | €87,810 | +€23,726 | +37.0% |
| Current portion of amounts payable after more than one year | 42 | €5,824 | €6,106 | +€282 | +4.8% |
| Trade debts | 44 | €17,532 | €18,721 | +€1,190 | +6.8% |
| Suppliers | 440/4 | €17,532 | €18,721 | +€1,190 | +6.8% |
| Taxes, remuneration and social security | 45 | €24,251 | €20,958 | -€3,293 | -13.6% |
| Taxes | 450/3 | €7,985 | €12,055 | +€4,070 | +51.0% |
| Remuneration and social security | 454/9 | €16,267 | €8,903 | -€7,363 | -45.3% |
| Other amounts payable | 47/48 | €16,478 | €42,025 | +€25,548 | +155.0% |
| Non-recurring operating income | 76A | €2,357 | €2,220 | -€136 | -5.8% |
| Remuneration, social security and pensions | 62 | €112,056 | €84,556 | -€27,500 | -24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,718 | €24,137 | -€17,580 | -42.1% |
| Other operating charges | 640/8 | €1,805 | €1,584 | -€221 | -12.2% |
| Gross operating margin | 9900 | €214,327 | €20,377 | -€193,950 | -90.5% |
| Operating profit (loss) | 9901 | €58,748 | -€89,901 | -€148,650 | |
| Financial income | 75/76B | €985 | €24 | -€961 | -97.6% |
| Recurring financial income | 75 | €985 | €24 | -€961 | -97.6% |
| Financial charges | 65/66B | €1,918 | €1,332 | -€586 | -30.6% |
| Recurring financial charges | 65 | €1,918 | €1,332 | -€586 | -30.6% |
| Profit (loss) for the period before taxes | 9903 | €57,816 | -€91,209 | -€149,025 | |
| Income taxes | 67/77 | €16,728 | €177 | -€16,551 | -98.9% |
| Profit (loss) for the period | 9904 | €41,088 | -€91,386 | -€132,474 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,088 | -€91,386 | -€132,474 |
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.