RAMKA: 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.
RAMKA
Largest movements
- Receivables within one year +€61,370
up €61,370 (+20.0%), from €306,920 to €368,291
of which Trade receivables: +€66,438
- Cash -€20,176
down €20,176 (-92.5%), from €21,808 to €1,632
mainly Receivables within one year (-€61,370) and Tax, wage and social debts (-€14,050)
- Reserves +€24,003
up €24,003 (+31.9%), from €75,204 to €99,207
- Other debts +€22,833
up €22,833 (+331.3%), from €6,893 to €29,726
- Tax, wage and social debts -€14,050
down €14,050 (-35.0%), from €40,093 to €26,043
of which Taxes: -€24,370
- Trade debts +€6,169
up €6,169 (+10.3%), from €60,053 to €66,223
- Gross operating margin +€47,263
up €47,263 (+71.9%), from €65,735 to €112,998
- Staff costs +€15,654
up €15,654 (+28.1%), from €55,792 to €71,447
- Taxes +€8,190
up €8,190 (+427.9%), from €1,914 to €10,104
- Financial charges -€3,961
down €3,961 (-92.6%), from €4,278 to €317
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 | €331,857 | €370,812 | +€38,955 | +11.7% |
| Fixed assets | 21/28 | €3,129 | €890 | -€2,239 | -71.6% |
| Tangible fixed assets | 22/27 | €3,129 | €890 | -€2,239 | -71.6% |
| Furniture and vehicles | 24 | €3,129 | €890 | -€2,239 | -71.6% |
| Current assets | 29/58 | €328,728 | €369,923 | +€41,194 | +12.5% |
| Amounts receivable within one year | 40/41 | €306,920 | €368,291 | +€61,370 | +20.0% |
| Trade receivables | 40 | €282,301 | €348,739 | +€66,438 | +23.5% |
| Other amounts receivable | 41 | €24,619 | €19,552 | -€5,068 | -20.6% |
| Cash at bank and in hand | 54/58 | €21,808 | €1,632 | -€20,176 | -92.5% |
| Total equity and liabilities | 10/49 | €331,857 | €370,812 | +€38,955 | +11.7% |
| Equity | 10/15 | €93,804 | €117,807 | +€24,003 | +25.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €75,204 | €99,207 | +€24,003 | +31.9% |
| Distributable reserves | 133 | €75,204 | €99,207 | +€24,003 | +31.9% |
| Amounts payable | 17/49 | €238,053 | €253,006 | +€14,953 | +6.3% |
| Amounts payable within one year | 42/48 | €238,053 | €253,006 | +€14,953 | +6.3% |
| Trade debts | 44 | €60,053 | €66,223 | +€6,169 | +10.3% |
| Suppliers | 440/4 | €60,053 | €66,223 | +€6,169 | +10.3% |
| Advances received on contracts in progress | 46 | €131,014 | €131,014 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €40,093 | €26,043 | -€14,050 | -35.0% |
| Taxes | 450/3 | €34,474 | €10,104 | -€24,370 | -70.7% |
| Remuneration and social security | 454/9 | €5,619 | €15,939 | +€10,320 | +183.7% |
| Other amounts payable | 47/48 | €6,893 | €29,726 | +€22,833 | +331.3% |
| Remuneration, social security and pensions | 62 | €55,792 | €71,447 | +€15,654 | +28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,529 | €2,239 | -€290 | -11.5% |
| Other operating charges | 640/8 | €5,265 | €5,922 | +€656 | +12.5% |
| Gross operating margin | 9900 | €65,735 | €112,998 | +€47,263 | +71.9% |
| Operating profit (loss) | 9901 | €2,149 | €33,391 | +€31,242 | +1454.0% |
| Financial income | 75/76B | €395 | €1,033 | +€638 | +161.5% |
| Recurring financial income | 75 | €395 | €1,033 | +€638 | +161.5% |
| Financial charges | 65/66B | €4,278 | €317 | -€3,961 | -92.6% |
| Recurring financial charges | 65 | €4,278 | €317 | -€3,961 | -92.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,734 | €34,107 | +€35,841 | |
| Income taxes | 67/77 | €1,914 | €10,104 | +€8,190 | +427.9% |
| Profit (loss) for the period | 9904 | -€3,648 | €24,003 | +€27,651 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,648 | €24,003 | +€27,651 |
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.