Ramen Verboven: 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.
Ramen Verboven
Largest movements
- Cash +€205,629
up €205,629 (+1,004%), from €20,486 to €226,115
mainly Net result for the year (+€152,315) and Depreciation (+€105,720)
- Receivables within one year +€71,690
up €71,690 (+32.6%), from €219,743 to €291,433
of which Trade receivables: +€67,571
- Tangible fixed assets -€36,059
down €36,059 (-3.0%), from €1.2m to €1.2m
of which Plant, machinery and equipment: -€39,967
- Profit (loss) carried forward +€96,882
up €96,882 (+67.9%), from -€142,629 to -€45,746
- Trade debts +€61,225
up €61,225 (+99.4%), from €61,619 to €122,843
- Reserves +€55,432
up €55,432 (+46.9%), from €118,255 to €173,688
- Tax, wage and social debts +€39,358
up €39,358 (+62.9%), from €62,575 to €101,932
of which Taxes: +€34,687
- Debts after one year -€29,167
down €29,167 (-8.4%), from €347,905 to €318,737
- Gross operating margin +€365,298
up €365,298 (+89.6%), from €407,785 to €773,083
- Staff costs +€35,532
up €35,532 (+8.2%), from €433,285 to €468,818
- Taxes +€19,040
up €19,040 (+1,721%), from €1,106 to €20,146
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 | €1,596,506 | €1,818,252 | +€221,746 | +13.9% |
| Fixed assets | 21/28 | €1,216,767 | €1,177,810 | -€38,957 | -3.2% |
| Intangible fixed assets | 21 | €21,734 | €18,836 | -€2,898 | -13.3% |
| Tangible fixed assets | 22/27 | €1,195,034 | €1,158,975 | -€36,059 | -3.0% |
| Land and buildings | 22 | €997,326 | €960,679 | -€36,647 | -3.7% |
| Plant, machinery and equipment | 23 | €153,492 | €113,526 | -€39,967 | -26.0% |
| Furniture and vehicles | 24 | €44,215 | €84,770 | +€40,554 | +91.7% |
| Current assets | 29/58 | €379,738 | €640,442 | +€260,703 | +68.7% |
| Stocks and contracts in progress | 3 | €139,394 | €122,781 | -€16,613 | -11.9% |
| Stocks | 30/36 | €122,181 | €122,781 | +€600 | +0.5% |
| Contracts in progress | 37 | €17,213 | €0 | -€17,213 | -100% |
| Amounts receivable within one year | 40/41 | €219,743 | €291,433 | +€71,690 | +32.6% |
| Trade receivables | 40 | €150,079 | €217,649 | +€67,571 | +45.0% |
| Other amounts receivable | 41 | €69,664 | €73,784 | +€4,120 | +5.9% |
| Cash at bank and in hand | 54/58 | €20,486 | €226,115 | +€205,629 | +1,004% |
| Deferred charges and accrued income | 490/1 | €116 | €113 | -€3 | -2.3% |
| Total equity and liabilities | 10/49 | €1,596,506 | €1,818,252 | +€221,746 | +13.9% |
| Equity | 10/15 | €815,627 | €967,941 | +€152,315 | +18.7% |
| Contributions | 10/11 | €840,000 | €840,000 | = | 0.0% |
| Reserves | 13 | €118,255 | €173,688 | +€55,432 | +46.9% |
| Distributable reserves | 133 | €118,255 | €173,688 | +€55,432 | +46.9% |
| Profit (loss) carried forward | 14 | -€142,629 | -€45,746 | +€96,882 | +67.9% |
| Amounts payable | 17/49 | €780,879 | €850,310 | +€69,431 | +8.9% |
| Amounts payable after more than one year | 17 | €347,905 | €318,737 | -€29,167 | -8.4% |
| Financial debts | 170/4 | €347,905 | €318,737 | -€29,167 | -8.4% |
| Amounts payable within one year | 42/48 | €430,394 | €531,573 | +€101,179 | +23.5% |
| Current portion of amounts payable after more than one year | 42 | €106,161 | €106,737 | +€577 | +0.5% |
| Financial debts | 43 | €200,000 | €200,000 | = | 0.0% |
| Other loans | 439 | €200,000 | €200,000 | = | 0.0% |
| Trade debts | 44 | €61,619 | €122,843 | +€61,225 | +99.4% |
| Suppliers | 440/4 | €61,619 | €122,843 | +€61,225 | +99.4% |
| Taxes, remuneration and social security | 45 | €62,575 | €101,932 | +€39,358 | +62.9% |
| Taxes | 450/3 | €18,753 | €53,440 | +€34,687 | +185% |
| Remuneration and social security | 454/9 | €43,822 | €48,493 | +€4,671 | +10.7% |
| Other amounts payable | 47/48 | €40 | €60 | +€20 | +49.5% |
| Accrued charges and deferred income | 492/3 | €2,580 | €0 | -€2,580 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €433,285 | €468,818 | +€35,532 | +8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,051 | €105,720 | +€7,669 | +7.8% |
| Other operating charges | 640/8 | €6,756 | €7,053 | +€297 | +4.4% |
| Non-recurring operating charges | 66A | - | €4,000 | +€4,000 | |
| Gross operating margin | 9900 | €407,785 | €773,083 | +€365,298 | +89.6% |
| Operating profit (loss) | 9901 | -€130,307 | €187,492 | +€317,799 | |
| Financial income | 75/76B | €10,848 | €10,220 | -€628 | -5.8% |
| Recurring financial income | 75 | €10,848 | €10,220 | -€628 | -5.8% |
| Financial charges | 65/66B | €22,063 | €25,251 | +€3,188 | +14.4% |
| Recurring financial charges | 65 | €22,063 | €25,251 | +€3,188 | +14.4% |
| Profit (loss) for the period before taxes | 9903 | -€141,523 | €172,461 | +€313,983 | |
| Income taxes | 67/77 | €1,106 | €20,146 | +€19,040 | +1,721% |
| Profit (loss) for the period | 9904 | -€142,629 | €152,315 | +€294,944 | |
| Profit (loss) for the period to be appropriated | 9905 | -€142,629 | €152,315 | +€294,944 |
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 30 October 2026 via checked.be.