RAMENCONSTRUCTIE CORSWAREM: what changed
What changed
RAMENCONSTRUCTIE CORSWAREM
NACE 25.120, Manufacture of fabricated metal products, except machinery and equipment
filed annual accounts (NBB)
Net result for the year
€691,108
2024 · €1.9m-€1.2m
Equity
€2.2m
2024 · €1.6m+€691,108
Cash
€463,595
2024 · €152,015+€311,579
Balance sheet total
€3.2m
2024 · €2.8m+€364,037
Largest movements
Assets
- Stocks and contracts +€338,985
up €338,985 (+281%), from €120,753 to €459,737
of which Stocks: +€213,305
- Cash +€311,579
up €311,579 (+205%), from €152,015 to €463,595
mainly Net result for the year (+€691,108) and Depreciation (+€304,003)
- Receivables within one year -€227,231
down €227,231 (-18.6%), from €1.2m to €993,199
of which Trade receivables: -€143,756
- Tangible fixed assets -€83,934
down €83,934 (-6.3%), from €1.3m to €1.3m
Equity and liabilities
- Reserves +€691,108
up €691,108 (+52.9%), from €1.3m to €2.0m
of which Distributable reserves: +€712,852
- Short-term financial debts -€206,703
down €206,703 (-100%), from €206,703 to €0
- Trade debts -€204,632
down €204,632 (-64.1%), from €319,115 to €114,483
- Advances received +€199,780
up €199,780 (+90,739%), from €220 to €200,000
- Provisions -€110,571
down €110,571 (-19.7%), from €561,770 to €451,198
of which Provisions for liabilities and charges: -€101,306
Income statement
- Gross operating margin -€1.4m
down €1.4m (-37.9%), from €3.8m to €2.4m
- Taxes -€376,916
down €376,916 (-60.2%), from €626,406 to €249,489
- Staff costs +€171,757
up €171,757 (+15.9%), from €1.1m to €1.2m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€1.9m
Gross operating margin
-€1.4m
Staff costs
-€171,757
Depreciation
-€22,346
Provisions
-€21,879
Other operating charges
+€850
Other operating items
+€35,881
Financial income
-€1,249
Financial charges
-€13,076
Taxes
+€376,916
Deferred taxes and other
+€37,000
Result 2025
€691,108
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€738,351
Investment
-€220,069
Financing
-€206,703
Cash 2024
€152,015
From operations (derived)
+€738,351
Net result for the year
+€691,108
Depreciation
+€304,003
Stocks and contracts
-€338,985
Receivables within one year
+€227,231
Deferred charges and accrued income
-€24,639
Provisions
-€110,571
Trade debts
-€204,632
Tax, wage and social debts
-€4,944
Advances received
+€199,780
Investment (derived)
-€220,069
Investment in fixed assets (net)
-€220,069
Financing
-€206,703
Short-term financial debts
-€206,703
Cash 2025
€463,595
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,833,427 | €3,197,464 | +€364,037 | +12.8% |
| Fixed assets | 21/28 | €1,335,024 | €1,251,090 | -€83,934 | -6.3% |
| Tangible fixed assets | 22/27 | €1,335,024 | €1,251,090 | -€83,934 | -6.3% |
| Land and buildings | 22 | €602,172 | €581,803 | -€20,368 | -3.4% |
| Plant, machinery and equipment | 23 | €293,931 | €269,156 | -€24,776 | -8.4% |
| Furniture and vehicles | 24 | €434,082 | €396,952 | -€37,131 | -8.6% |
| Leasing and similar rights | 25 | €4,839 | €3,180 | -€1,659 | -34.3% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €1,498,403 | €1,946,374 | +€447,971 | +29.9% |
| Stocks and contracts in progress | 3 | €120,753 | €459,737 | +€338,985 | +281% |
| Stocks | 30/36 | €120,753 | €334,057 | +€213,305 | +177% |
| Contracts in progress | 37 | - | €125,680 | +€125,680 | |
| Amounts receivable within one year | 40/41 | €1,220,430 | €993,199 | -€227,231 | -18.6% |
| Trade receivables | 40 | €977,649 | €833,894 | -€143,756 | -14.7% |
| Other amounts receivable | 41 | €242,781 | €159,305 | -€83,475 | -34.4% |
| Cash at bank and in hand | 54/58 | €152,015 | €463,595 | +€311,579 | +205% |
| Deferred charges and accrued income | 490/1 | €5,205 | €29,843 | +€24,639 | +473% |
| Total equity and liabilities | 10/49 | €2,833,427 | €3,197,464 | +€364,037 | +12.8% |
| Equity | 10/15 | €1,557,812 | €2,248,920 | +€691,108 | +44.4% |
| Contributions | 10/11 | €252,500 | €252,500 | = | 0.0% |
| Capital | 10 | €252,500 | €252,500 | = | 0.0% |
| Issued capital | 100 | €252,500 | €252,500 | = | 0.0% |
| Reserves | 13 | €1,305,312 | €1,996,420 | +€691,108 | +52.9% |
| Non-distributable reserves | 130/1 | €25,250 | €25,250 | = | 0.0% |
| Legal reserve | 130 | €25,250 | €25,250 | = | 0.0% |
| Tax-exempt reserves | 132 | €383,293 | €361,549 | -€21,744 | -5.7% |
| Distributable reserves | 133 | €896,769 | €1,609,621 | +€712,852 | +79.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €561,770 | €451,198 | -€110,571 | -19.7% |
| Provisions for liabilities and charges | 160/5 | €401,821 | €300,514 | -€101,306 | -25.2% |
| Other liabilities and charges | 164/5 | €401,821 | €300,514 | -€101,306 | -25.2% |
| Deferred taxes | 168 | €159,949 | €150,684 | -€9,265 | -5.8% |
| Amounts payable | 17/49 | €713,845 | €497,346 | -€216,499 | -30.3% |
| Amounts payable within one year | 42/48 | €713,845 | €497,346 | -€216,499 | -30.3% |
| Financial debts | 43 | €206,703 | €0 | -€206,703 | -100% |
| Credit institutions | 430/8 | €206,703 | €0 | -€206,703 | -100% |
| Trade debts | 44 | €319,115 | €114,483 | -€204,632 | -64.1% |
| Suppliers | 440/4 | €319,115 | €114,483 | -€204,632 | -64.1% |
| Advances received on contracts in progress | 46 | €220 | €200,000 | +€199,780 | +90,739% |
| Taxes, remuneration and social security | 45 | €187,807 | €182,863 | -€4,944 | -2.6% |
| Taxes | 450/3 | €40,195 | €6,749 | -€33,446 | -83.2% |
| Remuneration and social security | 454/9 | €147,611 | €176,114 | +€28,502 | +19.3% |
| Non-recurring operating income | 76A | €163,747 | €0 | -€163,747 | -100% |
| Remuneration, social security and pensions | 62 | €1,077,020 | €1,248,777 | +€171,757 | +15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €281,657 | €304,003 | +€22,346 | +7.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€123,185 | -€101,306 | +€21,879 | +17.8% |
| Other operating charges | 640/8 | €11,548 | €10,698 | -€850 | -7.4% |
| Non-recurring operating charges | 66A | €39,148 | €3,267 | -€35,881 | -91.7% |
| Gross operating margin | 9900 | €3,820,556 | €2,372,549 | -€1.4m | -37.9% |
| Operating profit (loss) | 9901 | €2,534,368 | €907,111 | -€1.6m | -64.2% |
| Financial income | 75/76B | €48,173 | €46,924 | -€1,249 | -2.6% |
| Recurring financial income | 75 | €48,173 | €46,924 | -€1,249 | -2.6% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €9,626 | €22,702 | +€13,076 | +136% |
| Recurring financial charges | 65 | €9,626 | €22,702 | +€13,076 | +136% |
| Profit (loss) for the period before taxes | 9903 | €2,572,915 | €931,332 | -€1.6m | -63.8% |
| Transfer from deferred taxes | 780 | €9,265 | €9,265 | = | 0.0% |
| Transfer to deferred taxes | 680 | €37,000 | €0 | -€37,000 | -100% |
| Income taxes | 67/77 | €626,406 | €249,489 | -€376,916 | -60.2% |
| Profit (loss) for the period | 9904 | €1,918,774 | €691,108 | -€1.2m | -64.0% |
| Transfer from tax-exempt reserves | 789 | €21,744 | €21,744 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €111,000 | €0 | -€111,000 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €1,829,518 | €712,852 | -€1.1m | -61.0% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.