RAMHOLD: 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.
RAMHOLD
Largest movements
- Financial fixed assets -€552,750
down €552,750 (-74.3%), from €744,344 to €191,594
- Receivables within one year -€15,088
down €15,088 (-18.1%), from €83,271 to €68,184
of which Other amounts receivable: -€15,088
- Reserves -€479,412
down €479,412 (-95.2%), from €503,712 to €24,300
of which Distributable reserves: -€479,412
- Profit (loss) carried forward -€98,296
new in 2025: -€98,296
- Financial charges +€552,439
up €552,439 (+31806.2%), from €1,737 to €554,176
of which Non-recurring financial charges: +€552,750
- Gross operating margin -€11,449
down €11,449 (-102.6%), from -€11,155 to -€22,604
- Other operating charges +€499
up €499 (+78.3%), from €638 to €1,137
- Taxes -€259
down €259, from €219 to -€40
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 | €834,293 | €260,786 | -€573,507 | -68.7% |
| Fixed assets | 21/28 | €744,344 | €191,594 | -€552,750 | -74.3% |
| Financial fixed assets | 28 | €744,344 | €191,594 | -€552,750 | -74.3% |
| Current assets | 29/58 | €89,949 | €69,192 | -€20,757 | -23.1% |
| Amounts receivable within one year | 40/41 | €83,271 | €68,184 | -€15,088 | -18.1% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €83,271 | €68,184 | -€15,088 | -18.1% |
| Cash at bank and in hand | 54/58 | €5,676 | €7 | -€5,669 | -99.9% |
| Deferred charges and accrued income | 490/1 | €1,001 | €1,001 | -€1 | -0.1% |
| Total equity and liabilities | 10/49 | €834,293 | €260,786 | -€573,507 | -68.7% |
| Equity | 10/15 | €746,712 | €169,004 | -€577,708 | -77.4% |
| Contributions | 10/11 | €243,000 | €243,000 | = | 0.0% |
| Capital | 10 | €243,000 | €243,000 | = | 0.0% |
| Issued capital | 100 | €243,000 | €243,000 | = | 0.0% |
| Reserves | 13 | €503,712 | €24,300 | -€479,412 | -95.2% |
| Non-distributable reserves | 130/1 | €24,300 | €24,300 | = | 0.0% |
| Legal reserve | 130 | €24,300 | €24,300 | = | 0.0% |
| Distributable reserves | 133 | €479,412 | €0 | -€479,412 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€98,296 | -€98,296 | |
| Amounts payable | 17/49 | €87,581 | €91,781 | +€4,200 | +4.8% |
| Amounts payable within one year | 42/48 | €85,874 | €89,911 | +€4,038 | +4.7% |
| Trade debts | 44 | €1,339 | €1,230 | -€109 | -8.1% |
| Suppliers | 440/4 | €1,339 | €1,230 | -€109 | -8.1% |
| Taxes, remuneration and social security | 45 | €307 | €83 | -€223 | -72.9% |
| Taxes | 450/3 | €307 | €83 | -€223 | -72.9% |
| Other amounts payable | 47/48 | €84,228 | €88,599 | +€4,370 | +5.2% |
| Accrued charges and deferred income | 492/3 | €1,707 | €1,870 | +€163 | +9.5% |
| Other operating charges | 640/8 | €638 | €1,137 | +€499 | +78.3% |
| Gross operating margin | 9900 | -€11,155 | -€22,604 | -€11,449 | -102.6% |
| Operating profit (loss) | 9901 | -€11,792 | -€23,740 | -€11,948 | -101.3% |
| Financial income | 75/76B | €261 | €169 | -€92 | -35.2% |
| Recurring financial income | 75 | €261 | €169 | -€92 | -35.2% |
| Financial charges | 65/66B | €1,737 | €554,176 | +€552,439 | +31806.2% |
| Recurring financial charges | 65 | €1,737 | €1,426 | -€311 | -17.9% |
| Non-recurring financial charges | 66B | - | €552,750 | +€552,750 | |
| Profit (loss) for the period before taxes | 9903 | -€13,268 | -€577,747 | -€564,479 | -4254.5% |
| Income taxes | 67/77 | €219 | -€40 | -€259 | |
| Profit (loss) for the period | 9904 | -€13,487 | -€577,708 | -€564,221 | -4183.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,487 | -€577,708 | -€564,221 | -4183.5% |
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 10 October 2026 via checked.be.