RAMMED: 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.
RAMMED
Largest movements
- Receivables within one year +€216,050
up €216,050 (+59.8%), from €361,407 to €577,457
of which Other amounts receivable: +€236,050
- Tangible fixed assets -€81,026
down €81,026 (-6.7%), from €1.2m to €1.1m
of which Plant, machinery and equipment: -€54,094
- Reserves +€128,543
up €128,543 (+83.9%), from €153,154 to €281,697
of which Distributable reserves: +€128,543
- Debts after one year -€36,710
down €36,710 (-7.7%), from €474,994 to €438,284
- Tax, wage and social debts +€30,311
up €30,311 (+36.8%), from €82,405 to €112,716
of which Taxes: +€29,524
- Short-term financial debts +€22,567
new in 2025: €22,567
- Gross operating margin -€45,418
down €45,418 (-11.1%), from €408,050 to €362,632
- Taxes -€25,786
down €25,786 (-28.4%), from €90,695 to €64,909
- Staff costs -€10,637
down €10,637 (-25.4%), from €41,815 to €31,178
- Financial income +€6,388
up €6,388 (+29.8%), from €21,456 to €27,845
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 | €1,596,111 | €1,732,086 | +€135,975 | +8.5% |
| Fixed assets | 21/28 | €1,209,374 | €1,128,348 | -€81,026 | -6.7% |
| Tangible fixed assets | 22/27 | €1,209,374 | €1,128,348 | -€81,026 | -6.7% |
| Land and buildings | 22 | €881,055 | €862,052 | -€19,004 | -2.2% |
| Plant, machinery and equipment | 23 | €301,637 | €247,544 | -€54,094 | -17.9% |
| Furniture and vehicles | 24 | €26,682 | €18,753 | -€7,929 | -29.7% |
| Current assets | 29/58 | €386,736 | €603,737 | +€217,001 | +56.1% |
| Amounts receivable within one year | 40/41 | €361,407 | €577,457 | +€216,050 | +59.8% |
| Trade receivables | 40 | €20,000 | - | -€20,000 | |
| Other amounts receivable | 41 | €341,407 | €577,457 | +€236,050 | +69.1% |
| Cash at bank and in hand | 54/58 | €25,329 | €16,280 | -€9,049 | -35.7% |
| Deferred charges and accrued income | 490/1 | - | €10,000 | +€10,000 | |
| Total equity and liabilities | 10/49 | €1,596,111 | €1,732,086 | +€135,975 | +8.5% |
| Equity | 10/15 | €893,265 | €1,021,807 | +€128,543 | +14.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €153,154 | €281,697 | +€128,543 | +83.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €132,544 | €261,087 | +€128,543 | +97.0% |
| Profit (loss) carried forward | 14 | €727,710 | €727,710 | = | 0.0% |
| Provisions and deferred taxes | 16 | €25,000 | €25,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €25,000 | €25,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable | 17/49 | €677,846 | €685,279 | +€7,433 | +1.1% |
| Amounts payable after more than one year | 17 | €474,994 | €438,284 | -€36,710 | -7.7% |
| Financial debts | 170/4 | €474,994 | €438,284 | -€36,710 | -7.7% |
| Amounts payable within one year | 42/48 | €200,510 | €245,996 | +€45,487 | +22.7% |
| Current portion of amounts payable after more than one year | 42 | €50,544 | €33,972 | -€16,572 | -32.8% |
| Financial debts | 43 | - | €22,567 | +€22,567 | |
| Other loans | 439 | - | €22,567 | +€22,567 | |
| Trade debts | 44 | €7,560 | €16,741 | +€9,181 | +121.4% |
| Suppliers | 440/4 | €7,560 | €16,741 | +€9,181 | +121.4% |
| Taxes, remuneration and social security | 45 | €82,405 | €112,716 | +€30,311 | +36.8% |
| Taxes | 450/3 | €75,745 | €105,269 | +€29,524 | +39.0% |
| Remuneration and social security | 454/9 | €6,660 | €7,447 | +€787 | +11.8% |
| Other amounts payable | 47/48 | €60,000 | €60,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,343 | €998 | -€1,344 | -57.4% |
| Remuneration, social security and pensions | 62 | €41,815 | €31,178 | -€10,637 | -25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,766 | €82,959 | +€193 | +0.2% |
| Other operating charges | 640/8 | €2,927 | €4,694 | +€1,767 | +60.4% |
| Gross operating margin | 9900 | €408,050 | €362,632 | -€45,418 | -11.1% |
| Operating profit (loss) | 9901 | €280,542 | €243,802 | -€36,740 | -13.1% |
| Financial income | 75/76B | €21,456 | €27,845 | +€6,388 | +29.8% |
| Recurring financial income | 75 | €21,456 | €27,845 | +€6,388 | +29.8% |
| Financial charges | 65/66B | €18,759 | €18,195 | -€564 | -3.0% |
| Recurring financial charges | 65 | €18,759 | €18,195 | -€564 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €283,239 | €253,451 | -€29,788 | -10.5% |
| Income taxes | 67/77 | €90,695 | €64,909 | -€25,786 | -28.4% |
| Profit (loss) for the period | 9904 | €192,544 | €188,543 | -€4,002 | -2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €192,544 | €188,543 | -€4,002 | -2.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.