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
- Cash -€80,928
down €80,928 (-64.1%), from €126,244 to €45,316
mainly Receivables within one year (-€35,090) and Trade debts (-€21,170)
- Receivables within one year +€35,090
new in 2025: €35,090
- Tangible fixed assets -€13,896
down €13,896 (-29.1%), from €47,804 to €33,908
of which Furniture and vehicles: -€15,698
- Intangible fixed assets +€12,698
up €12,698 (+75.9%), from €16,738 to €29,435
- Trade debts -€21,170
down €21,170 (-61.7%), from €34,332 to €13,162
- Debts after one year -€12,642
down €12,642 (-60.0%), from €21,069 to €8,428
- Tax, wage and social debts -€6,463
down €6,463 (-8.4%), from €76,543 to €70,081
of which Taxes: -€8,983
- Profit (loss) carried forward -€3,457
down €3,457 (-30.8%), from €11,208 to €7,751
- Gross operating margin -€4,455
down €4,455 (-1.4%), from €313,514 to €309,059
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 | €196,041 | €150,480 | -€45,561 | -23.2% |
| Fixed assets | 21/28 | €64,542 | €63,343 | -€1,199 | -1.9% |
| Intangible fixed assets | 21 | €16,738 | €29,435 | +€12,698 | +75.9% |
| Tangible fixed assets | 22/27 | €47,804 | €33,908 | -€13,896 | -29.1% |
| Plant, machinery and equipment | 23 | - | €1,802 | +€1,802 | |
| Furniture and vehicles | 24 | €47,804 | €32,106 | -€15,698 | -32.8% |
| Current assets | 29/58 | €131,499 | €87,137 | -€44,362 | -33.7% |
| Amounts receivable within one year | 40/41 | - | €35,090 | +€35,090 | |
| Trade receivables | 40 | - | €35,090 | +€35,090 | |
| Cash at bank and in hand | 54/58 | €126,244 | €45,316 | -€80,928 | -64.1% |
| Deferred charges and accrued income | 490/1 | €5,255 | €6,731 | +€1,476 | +28.1% |
| Total equity and liabilities | 10/49 | €196,041 | €150,480 | -€45,561 | -23.2% |
| Equity | 10/15 | €21,208 | €17,751 | -€3,457 | -16.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,208 | €7,751 | -€3,457 | -30.8% |
| Amounts payable | 17/49 | €174,833 | €132,729 | -€42,104 | -24.1% |
| Amounts payable after more than one year | 17 | €21,069 | €8,428 | -€12,642 | -60.0% |
| Financial debts | 170/4 | €21,069 | €8,428 | -€12,642 | -60.0% |
| Amounts payable within one year | 42/48 | €153,763 | €124,301 | -€29,462 | -19.2% |
| Current portion of amounts payable after more than one year | 42 | €12,642 | €10,812 | -€1,830 | -14.5% |
| Trade debts | 44 | €34,332 | €13,162 | -€21,170 | -61.7% |
| Suppliers | 440/4 | €34,332 | €13,162 | -€21,170 | -61.7% |
| Taxes, remuneration and social security | 45 | €76,543 | €70,081 | -€6,463 | -8.4% |
| Taxes | 450/3 | €39,818 | €30,836 | -€8,983 | -22.6% |
| Remuneration and social security | 454/9 | €36,725 | €39,245 | +€2,520 | +6.9% |
| Other amounts payable | 47/48 | €30,246 | €30,246 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €291,350 | €291,408 | +€58 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,815 | €17,844 | +€3,029 | +20.4% |
| Other operating charges | 640/8 | €1,927 | €2,525 | +€598 | +31.0% |
| Gross operating margin | 9900 | €313,514 | €309,059 | -€4,455 | -1.4% |
| Operating profit (loss) | 9901 | €5,423 | -€2,717 | -€8,140 | |
| Financial charges | 65/66B | €1,863 | €735 | -€1,128 | -60.5% |
| Recurring financial charges | 65 | €1,863 | €735 | -€1,128 | -60.5% |
| Profit (loss) for the period before taxes | 9903 | €3,560 | -€3,452 | -€7,012 | |
| Income taxes | 67/77 | €2,918 | €4 | -€2,914 | -99.8% |
| Profit (loss) for the period | 9904 | €642 | -€3,457 | -€4,099 | |
| Profit (loss) for the period to be appropriated | 9905 | €642 | -€3,457 | -€4,099 |
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.