RAMIER: 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.
RAMIER
Largest movements
- Current investments +€30,825
up €30,825 (+23.7%), from €129,854 to €160,680
- Cash +€26,960
up €26,960 (+61.1%), from €44,109 to €71,069
mainly Net result for the year (+€71,125) and Depreciation (+€6,911)
- Tangible fixed assets -€6,911
down €6,911 (-4.7%), from €146,680 to €139,769
of which Land and buildings: -€5,445
- Reserves +€42,556
up €42,556 (+14.6%), from €292,472 to €335,028
- Other debts +€4,535
up €4,535 (+15.2%), from €29,923 to €34,458
- Gross operating margin +€2,079
up €2,079 (+2.0%), from €101,541 to €103,621
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 | €352,047 | €399,805 | +€47,758 | +13.6% |
| Fixed assets | 21/28 | €146,680 | €139,769 | -€6,911 | -4.7% |
| Tangible fixed assets | 22/27 | €146,680 | €139,769 | -€6,911 | -4.7% |
| Land and buildings | 22 | €140,331 | €134,885 | -€5,445 | -3.9% |
| Plant, machinery and equipment | 23 | €4,705 | €3,496 | -€1,208 | -25.7% |
| Furniture and vehicles | 24 | €959 | €822 | -€137 | -14.3% |
| Other tangible fixed assets | 26 | €686 | €565 | -€121 | -17.6% |
| Current assets | 29/58 | €205,367 | €260,036 | +€54,669 | +26.6% |
| Amounts receivable within one year | 40/41 | €21,484 | €21,721 | +€237 | +1.1% |
| Trade receivables | 40 | €21,484 | €21,721 | +€237 | +1.1% |
| Current investments | 50/53 | €129,854 | €160,680 | +€30,825 | +23.7% |
| Cash at bank and in hand | 54/58 | €44,109 | €71,069 | +€26,960 | +61.1% |
| Deferred charges and accrued income | 490/1 | €9,919 | €6,567 | -€3,352 | -33.8% |
| Total equity and liabilities | 10/49 | €352,047 | €399,805 | +€47,758 | +13.6% |
| Equity | 10/15 | €311,072 | €353,628 | +€42,556 | +13.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €292,472 | €335,028 | +€42,556 | +14.6% |
| Distributable reserves | 133 | €292,472 | €335,028 | +€42,556 | +14.6% |
| Amounts payable | 17/49 | €40,975 | €46,176 | +€5,202 | +12.7% |
| Amounts payable within one year | 42/48 | €40,975 | €46,176 | +€5,202 | +12.7% |
| Trade debts | 44 | - | €1,957 | +€1,957 | |
| Suppliers | 440/4 | - | €1,957 | +€1,957 | |
| Taxes, remuneration and social security | 45 | €11,051 | €9,762 | -€1,290 | -11.7% |
| Taxes | 450/3 | €11,051 | €9,762 | -€1,290 | -11.7% |
| Other amounts payable | 47/48 | €29,923 | €34,458 | +€4,535 | +15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,922 | €6,911 | -€10 | -0.1% |
| Other operating charges | 640/8 | €1,292 | €1,434 | +€142 | +11.0% |
| Gross operating margin | 9900 | €101,541 | €103,621 | +€2,079 | +2.0% |
| Operating profit (loss) | 9901 | €93,328 | €95,275 | +€1,948 | +2.1% |
| Financial income | 75/76B | €2,390 | €3,192 | +€802 | +33.6% |
| Recurring financial income | 75 | €2,390 | €3,192 | +€802 | +33.6% |
| Financial charges | 65/66B | €538 | €260 | -€278 | -51.7% |
| Recurring financial charges | 65 | €538 | €260 | -€278 | -51.7% |
| Profit (loss) for the period before taxes | 9903 | €95,179 | €98,207 | +€3,028 | +3.2% |
| Income taxes | 67/77 | €26,327 | €27,082 | +€755 | +2.9% |
| Profit (loss) for the period | 9904 | €68,852 | €71,125 | +€2,273 | +3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €68,852 | €71,125 | +€2,273 | +3.3% |
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 7 October 2026 via checked.be.