Rami: 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.
Rami
Largest movements
- Receivables within one year +€51,342
up €51,342 (+1188.4%), from €4,320 to €55,662
of which Other amounts receivable: +€29,538
- Cash +€38,288
up €38,288 (+21.5%), from €177,781 to €216,068
- Tangible fixed assets +€26,323
up €26,323 (+54.5%), from €48,324 to €74,647
of which Other tangible fixed assets: +€35,947
- Deferred charges and accrued income -€12,979
down €12,979 (-79.1%), from €16,411 to €3,432
- Profit (loss) carried forward +€262,100
new in 2025: €262,100
- Reserves -€210,250
no longer reported in 2025 (was €210,250)
- Tax, wage and social debts +€32,374
up €32,374 (+113.4%), from €28,558 to €60,932
of which Taxes: +€30,506
- Current portion of long-term debt +€10,642
up €10,642 (+88.1%), from €12,074 to €22,715
- Trade debts +€6,985
new in 2025: €6,985
- Staff costs +€34,816
new in 2025: €34,816
- Gross operating margin +€33,490
up €33,490 (+22.6%), from €148,073 to €181,563
- Depreciation +€9,908
up €9,908 (+97.8%), from €10,133 to €20,041
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €276,836 | €379,810 | +€102,974 | +37.2% |
| Fixed assets | 21/28 | €48,324 | €74,647 | +€26,323 | +54.5% |
| Tangible fixed assets | 22/27 | €48,324 | €74,647 | +€26,323 | +54.5% |
| Plant, machinery and equipment | 23 | €1,865 | €21,174 | +€19,309 | +1035.2% |
| Furniture and vehicles | 24 | €46,459 | €17,526 | -€28,933 | -62.3% |
| Other tangible fixed assets | 26 | - | €35,947 | +€35,947 | |
| Current assets | 29/58 | €228,512 | €305,163 | +€76,651 | +33.5% |
| Amounts receivable after more than one year | 29 | €30,000 | €30,000 | = | 0.0% |
| Other amounts receivable | 291 | €30,000 | €30,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,320 | €55,662 | +€51,342 | +1188.4% |
| Trade receivables | 40 | €4,320 | €26,124 | +€21,804 | +504.7% |
| Other amounts receivable | 41 | - | €29,538 | +€29,538 | |
| Cash at bank and in hand | 54/58 | €177,781 | €216,068 | +€38,288 | +21.5% |
| Deferred charges and accrued income | 490/1 | €16,411 | €3,432 | -€12,979 | -79.1% |
| Total equity and liabilities | 10/49 | €276,836 | €379,810 | +€102,974 | +37.2% |
| Equity | 10/15 | €210,350 | €262,200 | +€51,850 | +24.6% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €210,250 | - | -€210,250 | |
| Distributable reserves | 133 | €210,250 | - | -€210,250 | |
| Profit (loss) carried forward | 14 | - | €262,100 | +€262,100 | |
| Amounts payable | 17/49 | €66,487 | €117,610 | +€51,124 | +76.9% |
| Amounts payable after more than one year | 17 | €24,550 | €26,978 | +€2,428 | +9.9% |
| Financial debts | 170/4 | €24,550 | €26,978 | +€2,428 | +9.9% |
| Amounts payable within one year | 42/48 | €41,937 | €90,633 | +€48,696 | +116.1% |
| Current portion of amounts payable after more than one year | 42 | €12,074 | €22,715 | +€10,642 | +88.1% |
| Trade debts | 44 | - | €6,985 | +€6,985 | |
| Suppliers | 440/4 | - | €6,985 | +€6,985 | |
| Taxes, remuneration and social security | 45 | €28,558 | €60,932 | +€32,374 | +113.4% |
| Taxes | 450/3 | €28,558 | €59,064 | +€30,506 | +106.8% |
| Remuneration and social security | 454/9 | - | €1,868 | +€1,868 | |
| Other amounts payable | 47/48 | €1,305 | - | -€1,305 | |
| Remuneration, social security and pensions | 62 | - | €34,816 | +€34,816 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,133 | €20,041 | +€9,908 | +97.8% |
| Other operating charges | 640/8 | - | €63 | +€63 | |
| Gross operating margin | 9900 | €148,073 | €181,563 | +€33,490 | +22.6% |
| Operating profit (loss) | 9901 | €137,940 | €126,642 | -€11,298 | -8.2% |
| Financial charges | 65/66B | €1,887 | €1,936 | +€50 | +2.6% |
| Recurring financial charges | 65 | €1,887 | €1,936 | +€50 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | €136,053 | €124,706 | -€11,348 | -8.3% |
| Income taxes | 67/77 | €28,558 | €26,837 | -€1,721 | -6.0% |
| Profit (loss) for the period | 9904 | €107,495 | €97,868 | -€9,627 | -9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €107,495 | €97,868 | -€9,627 | -9.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.