RAMIOUL: 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.
RAMIOUL
Largest movements
- Current investments -€300,000
down €300,000 (-100.0%), from €300,000 to €0
- Receivables within one year +€165,026
up €165,026 (+18.0%), from €916,127 to €1.1m
of which Other amounts receivable: +€168,748
- Tangible fixed assets +€99,170
up €99,170 (+54.9%), from €180,609 to €279,779
of which Plant, machinery and equipment: +€102,635
- Cash +€27,004
up €27,004 (+374.0%), from €7,221 to €34,225
mainly Current investments (+€300,000) and Depreciation (+€37,303)
- Reserves -€57,811
down €57,811 (-27.1%), from €212,941 to €155,130
of which Tax-exempt reserves: -€57,811
- Trade debts +€36,994
up €36,994 (+1342.6%), from €2,755 to €39,750
- Profit (loss) carried forward +€30,571
up €30,571 (+8.2%), from €370,909 to €401,479
- Provisions -€19,270
down €19,270 (-37.8%), from €51,032 to €31,762
- Gross operating margin -€10,050
down €10,050 (-89.5%), from €11,229 to €1,179
- Taxes +€8,792
up €8,792, from €0 to €8,792
- Financial income -€7,677
down €7,677 (-74.5%), from €10,310 to €2,633
- Depreciation +€4,017
up €4,017 (+12.1%), from €33,286 to €37,303
- Other operating charges +€1,980
up €1,980 (+122.0%), from €1,622 to €3,602
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 | €1,404,446 | €1,395,338 | -€9,108 | -0.6% |
| Fixed assets | 21/28 | €180,609 | €279,779 | +€99,170 | +54.9% |
| Tangible fixed assets | 22/27 | €180,609 | €279,779 | +€99,170 | +54.9% |
| Land and buildings | 22 | €88,344 | €85,382 | -€2,962 | -3.4% |
| Plant, machinery and equipment | 23 | €91,762 | €194,397 | +€102,635 | +111.8% |
| Furniture and vehicles | 24 | €503 | €0 | -€503 | -100.0% |
| Current assets | 29/58 | €1,223,837 | €1,115,559 | -€108,278 | -8.8% |
| Amounts receivable within one year | 40/41 | €916,127 | €1,081,152 | +€165,026 | +18.0% |
| Trade receivables | 40 | €6,157 | €2,435 | -€3,722 | -60.5% |
| Other amounts receivable | 41 | €909,970 | €1,078,717 | +€168,748 | +18.5% |
| Current investments | 50/53 | €300,000 | €0 | -€300,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €7,221 | €34,225 | +€27,004 | +374.0% |
| Deferred charges and accrued income | 490/1 | €490 | €182 | -€308 | -62.9% |
| Total equity and liabilities | 10/49 | €1,404,446 | €1,395,338 | -€9,108 | -0.6% |
| Equity | 10/15 | €1,349,315 | €1,322,075 | -€27,240 | -2.0% |
| Contributions | 10/11 | €199,117 | €199,117 | = | 0.0% |
| Capital | 10 | €196,940 | €196,940 | = | 0.0% |
| Issued capital | 100 | €196,940 | €196,940 | = | 0.0% |
| Outside capital | 11 | €2,178 | €2,178 | = | 0.0% |
| Share premium | 1100/10 | €2,178 | €2,178 | = | 0.0% |
| Revaluation surpluses | 12 | €566,348 | €566,348 | = | 0.0% |
| Reserves | 13 | €212,941 | €155,130 | -€57,811 | -27.1% |
| Non-distributable reserves | 130/1 | €26,918 | €26,918 | = | 0.0% |
| Legal reserve | 130 | €26,918 | €26,918 | = | 0.0% |
| Tax-exempt reserves | 132 | €140,186 | €82,375 | -€57,811 | -41.2% |
| Distributable reserves | 133 | €45,837 | €45,837 | = | 0.0% |
| Profit (loss) carried forward | 14 | €370,909 | €401,479 | +€30,571 | +8.2% |
| Provisions and deferred taxes | 16 | €51,032 | €31,762 | -€19,270 | -37.8% |
| Deferred taxes | 168 | €51,032 | €31,762 | -€19,270 | -37.8% |
| Amounts payable | 17/49 | €4,098 | €41,501 | +€37,403 | +912.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €4,098 | €41,093 | +€36,994 | +902.6% |
| Trade debts | 44 | €2,755 | €39,750 | +€36,994 | +1342.6% |
| Suppliers | 440/4 | €2,755 | €39,750 | +€36,994 | +1342.6% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,343 | €1,343 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | €409 | +€409 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,286 | €37,303 | +€4,017 | +12.1% |
| Other operating charges | 640/8 | €1,622 | €3,602 | +€1,980 | +122.0% |
| Gross operating margin | 9900 | €11,229 | €1,179 | -€10,050 | -89.5% |
| Operating profit (loss) | 9901 | -€23,679 | -€39,726 | -€16,047 | -67.8% |
| Financial income | 75/76B | €10,310 | €2,633 | -€7,677 | -74.5% |
| Recurring financial income | 75 | €10,310 | €2,633 | -€7,677 | -74.5% |
| Financial charges | 65/66B | €388 | €627 | +€239 | +61.7% |
| Recurring financial charges | 65 | €388 | €627 | +€239 | +61.7% |
| Profit (loss) for the period before taxes | 9903 | -€13,756 | -€37,719 | -€23,963 | -174.2% |
| Transfer from deferred taxes | 780 | €2,990 | €19,270 | +€16,280 | +544.4% |
| Income taxes | 67/77 | €0 | €8,792 | +€8,792 | |
| Profit (loss) for the period | 9904 | -€10,766 | -€27,240 | -€16,474 | -153.0% |
| Transfer from tax-exempt reserves | 789 | €8,971 | €57,811 | +€48,841 | +544.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,795 | €30,571 | +€32,366 |
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.