RAMENCO: 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.
RAMENCO
Largest movements
- Cash -€15,841
down €15,841 (-30.3%), from €52,231 to €36,390
mainly Net result for the year (-€7,888) and Contributions, distributions and other (-€6,512)
- Receivables within one year -€1,825
down €1,825 (-30.8%), from €5,924 to €4,100
of which Trade receivables: -€1,120
- Stocks and contracts +€1,384
new in 2025: €1,384
- Profit (loss) carried forward -€7,888
new in 2025: -€7,888
- Reserves -€6,512
down €6,512 (-17.9%), from €36,349 to €29,837
- Trade debts -€3,932
down €3,932 (-77.5%), from €5,076 to €1,143
- Other debts +€1,436
up €1,436 (+186.4%), from €770 to €2,205
- Gross operating margin -€10,786
down €10,786, from €5,657 to -€5,129
- Depreciation -€340
down €340 (-17.3%), from €1,964 to €1,624
- Other operating charges -€146
down €146 (-13.0%), from €1,121 to €974
- Taxes -€136
no longer reported in 2025 (was €136)
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 | €63,388 | €46,973 | -€16,414 | -25.9% |
| Fixed assets | 21/28 | €5,233 | €4,642 | -€591 | -11.3% |
| Tangible fixed assets | 22/27 | €5,233 | €4,642 | -€591 | -11.3% |
| Plant, machinery and equipment | 23 | €2,588 | €2,400 | -€188 | -7.2% |
| Furniture and vehicles | 24 | €2,645 | €2,241 | -€403 | -15.2% |
| Current assets | 29/58 | €58,155 | €42,331 | -€15,824 | -27.2% |
| Stocks and contracts in progress | 3 | - | €1,384 | +€1,384 | |
| Stocks | 30/36 | - | €1,384 | +€1,384 | |
| Amounts receivable within one year | 40/41 | €5,924 | €4,100 | -€1,825 | -30.8% |
| Trade receivables | 40 | €2,613 | €1,493 | -€1,120 | -42.9% |
| Other amounts receivable | 41 | €3,312 | €2,607 | -€704 | -21.3% |
| Cash at bank and in hand | 54/58 | €52,231 | €36,390 | -€15,841 | -30.3% |
| Deferred charges and accrued income | 490/1 | - | €458 | +€458 | |
| Total equity and liabilities | 10/49 | €63,388 | €46,973 | -€16,414 | -25.9% |
| Equity | 10/15 | €56,349 | €41,949 | -€14,400 | -25.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €36,349 | €29,837 | -€6,512 | -17.9% |
| Distributable reserves | 133 | €36,349 | €29,837 | -€6,512 | -17.9% |
| Profit (loss) carried forward | 14 | - | -€7,888 | -€7,888 | |
| Amounts payable | 17/49 | €7,038 | €5,024 | -€2,014 | -28.6% |
| Amounts payable within one year | 42/48 | €7,038 | €4,624 | -€2,414 | -34.3% |
| Trade debts | 44 | €5,076 | €1,143 | -€3,932 | -77.5% |
| Suppliers | 440/4 | €5,076 | €1,143 | -€3,932 | -77.5% |
| Taxes, remuneration and social security | 45 | €1,193 | €1,275 | +€83 | +6.9% |
| Taxes | 450/3 | €1,193 | €1,275 | +€83 | +6.9% |
| Other amounts payable | 47/48 | €770 | €2,205 | +€1,436 | +186.4% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,964 | €1,624 | -€340 | -17.3% |
| Other operating charges | 640/8 | €1,121 | €974 | -€146 | -13.0% |
| Gross operating margin | 9900 | €5,657 | -€5,129 | -€10,786 | |
| Operating profit (loss) | 9901 | €2,573 | -€7,727 | -€10,300 | |
| Financial income | 75/76B | €6 | €15 | +€9 | +142.9% |
| Recurring financial income | 75 | €6 | €15 | +€9 | +142.9% |
| Financial charges | 65/66B | €220 | €176 | -€45 | -20.2% |
| Recurring financial charges | 65 | €220 | €176 | -€45 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €2,359 | -€7,888 | -€10,246 | |
| Income taxes | 67/77 | €136 | - | -€136 | |
| Profit (loss) for the period | 9904 | €2,222 | -€7,888 | -€10,110 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,222 | -€7,888 | -€10,110 |
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.