RAMHORECA: 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.
What changed
RAMHORECA
NACE 47.279, Other retail sale of food
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.5m
2024 · €1.4m+€61,221
Equity
€7.2m
2024 · €6.9m+€268,162
Cash
€2.7m
2024 · €4.4m-€1.6m
Balance sheet total
€9.7m
2024 · €11.3m-€1.7m
Largest movements
Assets
- Cash -€1.6m
down €1.6m (-37.7%), from €4.4m to €2.7m
mainly Other debts (-€2.0m) and Contributions, distributions and other (-€1.2m)
- Receivables within one year +€298,345
up €298,345 (+18.2%), from €1.6m to €1.9m
of which Trade receivables: +€287,856
- Current investments -€275,125
down €275,125 (-35.5%), from €775,769 to €500,644
Equity and liabilities
- Other debts -€2.0m
no longer reported in 2025 (was €2.0m)
- Trade debts +€475,760
up €475,760 (+24.6%), from €1.9m to €2.4m
- Tax, wage and social debts -€415,012
down €415,012 (-84.6%), from €490,815 to €75,803
of which Remuneration and social security: -€347,341
- Profit (loss) carried forward +€154,492
up €154,492 (+15.5%), from €998,002 to €1.2m
- Reserves +€113,670
up €113,670 (+1.9%), from €5.9m to €6.0m
of which Distributable reserves: +€578,875
Income statement
- Turnover +€1.9m
up €1.9m (+5.5%), from €33.9m to €35.8m
- Goods and materials +€1.3m
up €1.3m (+4.9%), from €25.6m to €26.8m
of which Purchases: +€1.2m
- Services and other goods +€482,978
up €482,978 (+17.5%), from €2.8m to €3.2m
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.
Result 2024
€1.4m
Turnover
+€1.9m
Other operating income
+€67,035
Goods and materials
-€1.3m
Services and other goods
-€482,978
Staff costs
+€16,176
Depreciation
-€26,044
Write-downs
-€64,216
Other operating charges
-€2,421
Other operating items
+€82,037
Financial income
-€122,084
Financial charges
-€41,100
Taxes
+€32,181
Result 2025
€1.5m
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.
From operations
-€412,744
Investment
-€28,180
Financing
-€1.2m
Cash 2024
€4.4m
From operations (derived)
-€412,744
Net result for the year
+€1.5m
Depreciation
+€348,405
Stocks and contracts
-€74,964
Receivables within one year
-€298,345
Deferred charges and accrued income
+€83,090
Trade debts
+€475,760
Tax, wage and social debts
-€415,012
Advances received
+€160
Other debts
-€2.0m
Investment (derived)
-€28,180
Investment in fixed assets (net)
-€303,305
Current investments
+€275,125
Financing
-€1.2m
Contributions, distributions and other
-€1.2m
Cash 2025
€2.7m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,341,710 | €9,670,779 | -€1.7m | -14.7% |
| Fixed assets | 21/28 | €2,302,381 | €2,257,281 | -€45,100 | -2.0% |
| Intangible fixed assets | 21 | €2,387 | €1,377 | -€1,010 | -42.3% |
| Tangible fixed assets | 22/27 | €2,201,389 | €2,152,850 | -€48,539 | -2.2% |
| Plant, machinery and equipment | 23 | €1,662,807 | €1,631,418 | -€31,390 | -1.9% |
| Furniture and vehicles | 24 | €538,582 | €521,433 | -€17,149 | -3.2% |
| Financial fixed assets | 28 | €98,605 | €103,054 | +€4,449 | +4.5% |
| Other financial fixed assets | 284/8 | €98,605 | €103,054 | +€4,449 | +4.5% |
| Shares | 284 | €4,959 | €4,959 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €93,646 | €98,095 | +€4,449 | +4.8% |
| Current assets | 29/58 | €9,039,329 | €7,413,499 | -€1.6m | -18.0% |
| Stocks and contracts in progress | 3 | €2,173,580 | €2,248,544 | +€74,964 | +3.4% |
| Stocks | 30/36 | €2,173,580 | €2,248,544 | +€74,964 | +3.4% |
| Goods purchased for resale | 34 | €2,173,580 | €2,248,544 | +€74,964 | +3.4% |
| Amounts receivable within one year | 40/41 | €1,637,076 | €1,935,421 | +€298,345 | +18.2% |
| Trade receivables | 40 | €1,217,834 | €1,505,690 | +€287,856 | +23.6% |
| Other amounts receivable | 41 | €419,242 | €429,731 | +€10,489 | +2.5% |
| Current investments | 50/53 | €775,769 | €500,644 | -€275,125 | -35.5% |
| Other investments | 51/53 | €775,769 | €500,644 | -€275,125 | -35.5% |
| Cash at bank and in hand | 54/58 | €4,350,157 | €2,709,233 | -€1.6m | -37.7% |
| Deferred charges and accrued income | 490/1 | €102,746 | €19,656 | -€83,090 | -80.9% |
| Total equity and liabilities | 10/49 | €11,341,710 | €9,670,779 | -€1.7m | -14.7% |
| Equity | 10/15 | €6,915,153 | €7,183,315 | +€268,162 | +3.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €5,855,651 | €5,969,321 | +€113,670 | +1.9% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,294,575 | €829,370 | -€465,205 | -35.9% |
| Distributable reserves | 133 | €4,554,926 | €5,133,801 | +€578,875 | +12.7% |
| Profit (loss) carried forward | 14 | €998,002 | €1,152,494 | +€154,492 | +15.5% |
| Amounts payable | 17/49 | €4,426,556 | €2,487,465 | -€1.9m | -43.8% |
| Amounts payable within one year | 42/48 | €4,426,556 | €2,487,465 | -€1.9m | -43.8% |
| Trade debts | 44 | €1,935,742 | €2,411,502 | +€475,760 | +24.6% |
| Suppliers | 440/4 | €1,935,742 | €2,411,502 | +€475,760 | +24.6% |
| Advances received on contracts in progress | 46 | - | €160 | +€160 | |
| Taxes, remuneration and social security | 45 | €490,815 | €75,803 | -€415,012 | -84.6% |
| Taxes | 450/3 | €67,670 | - | -€67,670 | |
| Remuneration and social security | 454/9 | €423,144 | €75,803 | -€347,341 | -82.1% |
| Other amounts payable | 47/48 | €2,000,000 | - | -€2.0m | |
| Operating income | 70/76A | €33,945,867 | €35,940,741 | +€2.0m | +5.9% |
| Turnover | 70 | €33,894,248 | €35,753,589 | +€1.9m | +5.5% |
| Other operating income | 74 | €47,313 | €114,348 | +€67,035 | +141.7% |
| Non-recurring operating income | 76A | €4,305 | €72,803 | +€68,498 | +1590.9% |
| Operating charges | 60/66A | €32,133,347 | €33,935,996 | +€1.8m | +5.6% |
| Goods for resale, raw materials and consumables | 60 | €25,575,562 | €26,832,268 | +€1.3m | +4.9% |
| Purchases | 600/8 | €25,812,769 | €26,977,232 | +€1.2m | +4.5% |
| Change in stocks: decrease (increase) | 609 | -€237,207 | -€144,964 | +€92,243 | +38.9% |
| Services and other goods | 61 | €2,757,907 | €3,240,885 | +€482,978 | +17.5% |
| Remuneration, social security and pensions | 62 | €3,392,223 | €3,376,048 | -€16,176 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €322,361 | €348,405 | +€26,044 | +8.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €24,641 | €88,856 | +€64,216 | +260.6% |
| Other operating charges | 640/8 | €37,496 | €39,917 | +€2,421 | +6.5% |
| Non-recurring operating charges | 66A | €23,156 | €9,617 | -€13,539 | -58.5% |
| Operating profit (loss) | 9901 | €1,812,520 | €2,004,745 | +€192,225 | +10.6% |
| Financial income | 75/76B | €182,401 | €60,316 | -€122,084 | -66.9% |
| Recurring financial income | 75 | €182,401 | €60,316 | -€122,084 | -66.9% |
| Income from current assets | 751 | €128,748 | €51,527 | -€77,220 | -60.0% |
| Other financial income | 752/9 | €53,653 | €8,789 | -€44,864 | -83.6% |
| Financial charges | 65/66B | €49,425 | €90,526 | +€41,100 | +83.2% |
| Recurring financial charges | 65 | €49,425 | €90,516 | +€41,091 | +83.1% |
| Debt charges | 650 | €5,941 | €10,135 | +€4,194 | +70.6% |
| Other financial charges | 652/9 | €43,485 | €80,381 | +€36,897 | +84.9% |
| Non-recurring financial charges | 66B | - | €10 | +€10 | |
| Profit (loss) for the period before taxes | 9903 | €1,945,496 | €1,974,535 | +€29,040 | +1.5% |
| Income taxes | 67/77 | €538,555 | €506,374 | -€32,181 | -6.0% |
| Taxes | 670/3 | €538,555 | €512,244 | -€26,311 | -4.9% |
| Tax adjustments and reversals of tax provisions | 77 | - | €5,871 | +€5,871 | |
| Profit (loss) for the period | 9904 | €1,406,941 | €1,468,162 | +€61,221 | +4.4% |
| Transfer from tax-exempt reserves | 789 | €1,498,760 | €578,875 | -€919,885 | -61.4% |
| Transfer to tax-exempt reserves | 689 | €715,700 | €113,670 | -€602,030 | -84.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,190,001 | €1,933,367 | -€256,634 | -11.7% |
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.