Raminter: 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.
Raminter
Largest movements
- Cash -€243,431
down €243,431 (-32.9%), from €739,863 to €496,432
mainly Investment in fixed assets (net) (-€106,731) and Trade debts (-€70,974)
- Tangible fixed assets +€58,588
up €58,588 (+56.3%), from €104,007 to €162,595
of which Plant, machinery and equipment: +€55,501
- Stocks and contracts +€37,091
up €37,091 (+20.7%), from €178,986 to €216,077
- Receivables within one year +€36,402
up €36,402 (+51.5%), from €70,640 to €107,042
of which Other amounts receivable: +€32,141
- Formation expenses +€13,076
up €13,076 (+65.0%), from €20,103 to €33,178
- Trade debts -€70,974
down €70,974 (-27.8%), from €255,126 to €184,152
- Tax, wage and social debts -€32,906
down €32,906 (-48.5%), from €67,832 to €34,925
of which Remuneration and social security: -€32,944
- Other debts +€25,045
up €25,045 (+13.3%), from €188,635 to €213,680
- Accrued charges and deferred income -€13,599
down €13,599 (-66.4%), from €20,493 to €6,894
- Debts after one year -€13,138
down €13,138 (-77.6%), from €16,938 to €3,800
of which Financial debts: -€13,138
- Gross operating margin -€54,830
down €54,830 (-10.6%), from €516,692 to €461,862
- Staff costs -€35,085
down €35,085 (-9.4%), from €371,321 to €336,236
- Financial charges +€13,520
up €13,520 (+24.4%), from €55,502 to €69,022
of which Financial charges: +€9,680
- Depreciation -€6,910
down €6,910 (-16.7%), from €41,300 to €34,390
- Taxes -€5,711
down €5,711 (-59.2%), from €9,649 to €3,938
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 | €1,196,471 | €1,094,158 | -€102,313 | -8.6% |
| Formation expenses | 20 | €20,103 | €33,178 | +€13,076 | +65.0% |
| Fixed assets | 21/28 | €126,271 | €185,535 | +€59,265 | +46.9% |
| Tangible fixed assets | 22/27 | €104,007 | €162,595 | +€58,588 | +56.3% |
| Land and buildings | 22 | €21,688 | €17,733 | -€3,955 | -18.2% |
| Plant, machinery and equipment | 23 | €79,323 | €134,824 | +€55,501 | +70.0% |
| Furniture and vehicles | 24 | €2,997 | €10,038 | +€7,042 | +235.0% |
| Financial fixed assets | 28 | €22,263 | €22,940 | +€677 | +3.0% |
| Current assets | 29/58 | €1,050,098 | €875,445 | -€174,653 | -16.6% |
| Stocks and contracts in progress | 3 | €178,986 | €216,077 | +€37,091 | +20.7% |
| Stocks | 30/36 | €178,986 | €216,077 | +€37,091 | +20.7% |
| Amounts receivable within one year | 40/41 | €70,640 | €107,042 | +€36,402 | +51.5% |
| Trade receivables | 40 | €48,214 | €52,475 | +€4,261 | +8.8% |
| Other amounts receivable | 41 | €22,426 | €54,567 | +€32,141 | +143.3% |
| Cash at bank and in hand | 54/58 | €739,863 | €496,432 | -€243,431 | -32.9% |
| Deferred charges and accrued income | 490/1 | €60,608 | €55,893 | -€4,715 | -7.8% |
| Total equity and liabilities | 10/49 | €1,196,471 | €1,094,158 | -€102,313 | -8.6% |
| Equity | 10/15 | €627,103 | €636,261 | +€9,158 | +1.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €315,240 | €315,240 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €54,730 | - | -€54,730 | |
| Distributable reserves | 133 | €250,510 | €305,240 | +€54,730 | +21.8% |
| Profit (loss) carried forward | 14 | €211,863 | €221,021 | +€9,158 | +4.3% |
| Amounts payable | 17/49 | €569,367 | €457,897 | -€111,470 | -19.6% |
| Amounts payable after more than one year | 17 | €16,938 | €3,800 | -€13,138 | -77.6% |
| Financial debts | 170/4 | €13,138 | - | -€13,138 | |
| Other amounts payable | 178/9 | €3,800 | €3,800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €531,937 | €447,203 | -€84,734 | -15.9% |
| Current portion of amounts payable after more than one year | 42 | €20,344 | €14,447 | -€5,898 | -29.0% |
| Trade debts | 44 | €255,126 | €184,152 | -€70,974 | -27.8% |
| Suppliers | 440/4 | €255,126 | €184,152 | -€70,974 | -27.8% |
| Taxes, remuneration and social security | 45 | €67,832 | €34,925 | -€32,906 | -48.5% |
| Taxes | 450/3 | - | €38 | +€38 | |
| Remuneration and social security | 454/9 | €67,832 | €34,888 | -€32,944 | -48.6% |
| Other amounts payable | 47/48 | €188,635 | €213,680 | +€25,045 | +13.3% |
| Accrued charges and deferred income | 492/3 | €20,493 | €6,894 | -€13,599 | -66.4% |
| Non-recurring operating income | 76A | €5,272 | €28,864 | +€23,593 | +447.6% |
| Remuneration, social security and pensions | 62 | €371,321 | €336,236 | -€35,085 | -9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,300 | €34,390 | -€6,910 | -16.7% |
| Other operating charges | 640/8 | €19,978 | €24,028 | +€4,050 | +20.3% |
| Non-recurring operating charges | 66A | €1,101 | €429 | -€672 | -61.0% |
| Gross operating margin | 9900 | €516,692 | €461,862 | -€54,830 | -10.6% |
| Operating profit (loss) | 9901 | €82,992 | €66,779 | -€16,213 | -19.5% |
| Financial income | 75/76B | €13,576 | €15,339 | +€1,763 | +13.0% |
| Recurring financial income | 75 | €13,576 | €15,339 | +€1,763 | +13.0% |
| Financial charges | 65/66B | €55,502 | €69,022 | +€13,520 | +24.4% |
| Recurring financial charges | 65 | €29,827 | €39,507 | +€9,680 | +32.5% |
| Non-recurring financial charges | 66B | €25,675 | €29,515 | +€3,840 | +15.0% |
| Profit (loss) for the period before taxes | 9903 | €41,066 | €13,096 | -€27,970 | -68.1% |
| Income taxes | 67/77 | €9,649 | €3,938 | -€5,711 | -59.2% |
| Profit (loss) for the period | 9904 | €31,417 | €9,158 | -€22,259 | -70.9% |
| Transfer from tax-exempt reserves | 789 | - | €54,730 | +€54,730 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,417 | €63,888 | +€32,471 | +103.4% |
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 1 October 2026 via checked.be.