RAMLOR: 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.
RAMLOR
Largest movements
- Receivables within one year +€53,222
up €53,222 (+137.5%), from €38,704 to €91,926
of which Other amounts receivable: +€54,078
- Tangible fixed assets -€6,008
down €6,008 (-3.9%), from €152,496 to €146,488
of which Furniture and vehicles: -€11,076
- Tax, wage and social debts +€26,714
up €26,714 (+144.6%), from €18,476 to €45,190
- Debts after one year -€15,783
down €15,783 (-14.9%), from €105,679 to €89,896
- Trade debts +€14,607
up €14,607 (+79.3%), from €18,411 to €33,018
- Short-term financial debts +€9,957
up €9,957 (+65.8%), from €15,138 to €25,095
- Profit (loss) carried forward +€6,091
up €6,091 (+76.2%), from -€7,991 to -€1,899
- Gross operating margin +€36,474
up €36,474 (+228.8%), from €15,945 to €52,419
- Depreciation +€13,220
up €13,220 (+105.3%), from €12,557 to €25,778
- Financial charges +€4,413
up €4,413 (+45.2%), from €9,764 to €14,176
- Taxes +€2,844
up €2,844 (+572.0%), from €497 to €3,341
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 | €194,558 | €240,064 | +€45,506 | +23.4% |
| Fixed assets | 21/28 | €152,950 | €146,488 | -€6,462 | -4.2% |
| Tangible fixed assets | 22/27 | €152,496 | €146,488 | -€6,008 | -3.9% |
| Land and buildings | 22 | €83,333 | €84,625 | +€1,291 | +1.5% |
| Plant, machinery and equipment | 23 | €1,074 | €2,018 | +€944 | +87.9% |
| Furniture and vehicles | 24 | €46,578 | €35,502 | -€11,076 | -23.8% |
| Other tangible fixed assets | 26 | €21,511 | €24,343 | +€2,833 | +13.2% |
| Financial fixed assets | 28 | €454 | - | -€454 | |
| Current assets | 29/58 | €41,608 | €93,576 | +€51,968 | +124.9% |
| Amounts receivable within one year | 40/41 | €38,704 | €91,926 | +€53,222 | +137.5% |
| Trade receivables | 40 | €13,404 | €12,548 | -€856 | -6.4% |
| Other amounts receivable | 41 | €25,300 | €79,378 | +€54,078 | +213.7% |
| Cash at bank and in hand | 54/58 | €873 | €1,650 | +€777 | +89.0% |
| Deferred charges and accrued income | 490/1 | €2,031 | - | -€2,031 | |
| Total equity and liabilities | 10/49 | €194,558 | €240,064 | +€45,506 | +23.4% |
| Equity | 10/15 | €12,250 | €18,342 | +€6,091 | +49.7% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €18,741 | €18,741 | = | 0.0% |
| Distributable reserves | 133 | €18,741 | €18,741 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,991 | -€1,899 | +€6,091 | +76.2% |
| Amounts payable | 17/49 | €182,308 | €221,722 | +€39,414 | +21.6% |
| Amounts payable after more than one year | 17 | €105,679 | €89,896 | -€15,783 | -14.9% |
| Financial debts | 170/4 | €105,679 | €89,896 | -€15,783 | -14.9% |
| Amounts payable within one year | 42/48 | €76,629 | €131,827 | +€55,197 | +72.0% |
| Current portion of amounts payable after more than one year | 42 | €24,605 | €28,524 | +€3,919 | +15.9% |
| Financial debts | 43 | €15,138 | €25,095 | +€9,957 | +65.8% |
| Credit institutions | 430/8 | €15,138 | €25,095 | +€9,957 | +65.8% |
| Trade debts | 44 | €18,411 | €33,018 | +€14,607 | +79.3% |
| Suppliers | 440/4 | €18,411 | €33,018 | +€14,607 | +79.3% |
| Taxes, remuneration and social security | 45 | €18,476 | €45,190 | +€26,714 | +144.6% |
| Taxes | 450/3 | €18,476 | €45,190 | +€26,714 | +144.6% |
| Non-recurring operating income | 76A | €11,000 | - | -€11,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,557 | €25,778 | +€13,220 | +105.3% |
| Other operating charges | 640/8 | €2,791 | €2,738 | -€53 | -1.9% |
| Non-recurring operating charges | 66A | €0 | €2,000 | +€2,000 | |
| Gross operating margin | 9900 | €15,945 | €52,419 | +€36,474 | +228.8% |
| Operating profit (loss) | 9901 | €596 | €21,903 | +€21,306 | +3572.7% |
| Financial income | 75/76B | €1,674 | €1,706 | +€32 | +1.9% |
| Recurring financial income | 75 | €1,674 | €1,706 | +€32 | +1.9% |
| Financial charges | 65/66B | €9,764 | €14,176 | +€4,413 | +45.2% |
| Recurring financial charges | 65 | €9,764 | €14,176 | +€4,413 | +45.2% |
| Profit (loss) for the period before taxes | 9903 | -€7,493 | €9,432 | +€16,926 | |
| Income taxes | 67/77 | €497 | €3,341 | +€2,844 | +572.0% |
| Profit (loss) for the period | 9904 | -€7,991 | €6,091 | +€14,082 | |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,991 | €6,091 | +€14,082 |
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 6 October 2026 via checked.be.