RAMKEV: what changed
Two financial 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.
RAMKEV
Largest movements
- Receivables within one year +€60,907
up €60,907 (+148%), from €41,121 to €102,028
of which Other amounts receivable: +€63,692
- Tangible fixed assets -€7,610
down €7,610 (-28.7%), from €26,507 to €18,897
of which Land and buildings: -€8,329
- Intangible fixed assets -€1,806
down €1,806 (-100%), from €1,806 to €0
- Cash +€1,638
up €1,638 (+49.9%), from €3,281 to €4,919
mainly Net result for the year (+€74,161) and Depreciation (+€19,210)
- Profit (loss) carried forward +€54,087
up €54,087, from -€54,087 to €0
- Tax, wage and social debts -€28,375
down €28,375 (-41.1%), from €69,008 to €40,633
of which Taxes: -€15,702
- Reserves +€20,074
up €20,074 (+1,079%), from €1,860 to €21,934
of which Distributable reserves: +€20,074
- Trade debts +€18,823
up €18,823 (+61.9%), from €30,400 to €49,223
- Debts after one year -€7,643
down €7,643 (-42.0%), from €18,197 to €10,554
- Gross operating margin +€209,148
up €209,148 (+111%), from €187,695 to €396,843
- Staff costs +€85,123
up €85,123 (+40.5%), from €210,015 to €295,138
- Other operating charges -€5,795
down €5,795 (-58.5%), from €9,900 to €4,105
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.
Derived cash bridge
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 | €85,012 | €138,334 | +€53,323 | +62.7% |
| Fixed assets | 21/28 | €30,353 | €20,937 | -€9,416 | -31.0% |
| Intangible fixed assets | 21 | €1,806 | €0 | -€1,806 | -100% |
| Tangible fixed assets | 22/27 | €26,507 | €18,897 | -€7,610 | -28.7% |
| Land and buildings | 22 | €13,883 | €5,554 | -€8,329 | -60.0% |
| Plant, machinery and equipment | 23 | €7,133 | €3,639 | -€3,494 | -49.0% |
| Furniture and vehicles | 24 | €5,491 | €9,704 | +€4,213 | +76.7% |
| Financial fixed assets | 28 | €2,040 | €2,040 | = | 0.0% |
| Current assets | 29/58 | €54,659 | €117,397 | +€62,739 | +115% |
| Stocks and contracts in progress | 3 | €8,225 | €9,311 | +€1,086 | +13.2% |
| Stocks | 30/36 | €8,225 | €9,311 | +€1,086 | +13.2% |
| Amounts receivable within one year | 40/41 | €41,121 | €102,028 | +€60,907 | +148% |
| Trade receivables | 40 | €4,812 | €2,026 | -€2,785 | -57.9% |
| Other amounts receivable | 41 | €36,310 | €100,002 | +€63,692 | +175% |
| Cash at bank and in hand | 54/58 | €3,281 | €4,919 | +€1,638 | +49.9% |
| Deferred charges and accrued income | 490/1 | €2,032 | €1,140 | -€892 | -43.9% |
| Total equity and liabilities | 10/49 | €85,012 | €138,334 | +€53,323 | +62.7% |
| Equity | 10/15 | -€46,027 | €28,134 | +€74,161 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €21,934 | +€20,074 | +1,079% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €20,074 | +€20,074 | |
| Profit (loss) carried forward | 14 | -€54,087 | €0 | +€54,087 | |
| Amounts payable | 17/49 | €131,039 | €110,200 | -€20,839 | -15.9% |
| Amounts payable after more than one year | 17 | €18,197 | €10,554 | -€7,643 | -42.0% |
| Financial debts | 170/4 | €18,197 | €10,554 | -€7,643 | -42.0% |
| Amounts payable within one year | 42/48 | €112,842 | €99,646 | -€13,196 | -11.7% |
| Current portion of amounts payable after more than one year | 42 | €7,456 | €7,643 | +€187 | +2.5% |
| Financial debts | 43 | €5,979 | €0 | -€5,979 | -100% |
| Credit institutions | 430/8 | €5,979 | €0 | -€5,979 | -100% |
| Trade debts | 44 | €30,400 | €49,223 | +€18,823 | +61.9% |
| Suppliers | 440/4 | €30,400 | €49,223 | +€18,823 | +61.9% |
| Advances received on contracts in progress | 46 | - | €2,148 | +€2,148 | |
| Taxes, remuneration and social security | 45 | €69,008 | €40,633 | -€28,375 | -41.1% |
| Taxes | 450/3 | €35,020 | €19,318 | -€15,702 | -44.8% |
| Remuneration and social security | 454/9 | €33,987 | €21,315 | -€12,673 | -37.3% |
| Remuneration, social security and pensions | 62 | €210,015 | €295,138 | +€85,123 | +40.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,354 | €19,210 | -€143 | -0.7% |
| Other operating charges | 640/8 | €9,900 | €4,105 | -€5,795 | -58.5% |
| Gross operating margin | 9900 | €187,695 | €396,843 | +€209,148 | +111% |
| Operating profit (loss) | 9901 | -€51,573 | €78,390 | +€129,963 | |
| Financial income | 75/76B | €3,633 | €2,213 | -€1,420 | -39.1% |
| Recurring financial income | 75 | €3,633 | €2,213 | -€1,420 | -39.1% |
| Financial charges | 65/66B | €6,490 | €6,441 | -€49 | -0.8% |
| Recurring financial charges | 65 | €6,490 | €6,441 | -€49 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | -€54,430 | €74,161 | +€128,592 | |
| Income taxes | 67/77 | €2 | €0 | -€2 | -100% |
| Profit (loss) for the period | 9904 | -€54,432 | €74,161 | +€128,593 | |
| Profit (loss) for the period to be appropriated | 9905 | -€54,432 | €74,161 | +€128,593 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.