RAMNIX: 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.
RAMNIX
Largest movements
- Current investments -€1.3m
down €1.3m (-72.2%), from €1.8m to €500,000
- Tangible fixed assets +€899,460
up €899,460 (+82.7%), from €1.1m to €2.0m
of which Furniture and vehicles: +€1.1m
- Cash -€554,860
down €554,860 (-68.4%), from €810,737 to €255,878
mainly Net result for the year (-€3.0m) and Investment in fixed assets (net) (-€1.5m)
- Formation expenses +€428,639
new in 2025: €428,639
- Stocks and contracts +€255,120
up €255,120 (+1,051%), from €24,271 to €279,392
- Profit (loss) carried forward -€3.0m
down €3.0m (-1,381%), from -€217,074 to -€3.2m
- Other debts +€2.2m
new in 2025: €2.2m
- Tax, wage and social debts +€322,765
up €322,765 (+949%), from €34,027 to €356,792
of which Remuneration and social security: +€282,952
- Trade debts +€232,069
up €232,069 (+125%), from €185,150 to €417,219
- Staff costs +€1.6m
up €1.6m (+967%), from €162,610 to €1.7m
- Gross operating margin -€1.1m
down €1.1m (-1,056%), from -€101,058 to -€1.2m
- Depreciation +€99,431
new in 2025: €99,431
- Financial income -€29,839
down €29,839 (-62.1%), from €48,023 to €18,184
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 | €4,006,654 | €3,715,028 | -€291,627 | -7.3% |
| Formation expenses | 20 | - | €428,639 | +€428,639 | |
| Fixed assets | 21/28 | €1,087,994 | €2,052,739 | +€964,745 | +88.7% |
| Intangible fixed assets | 21 | - | €65,284 | +€65,284 | |
| Tangible fixed assets | 22/27 | €1,087,994 | €1,987,455 | +€899,460 | +82.7% |
| Plant, machinery and equipment | 23 | - | €912,274 | +€912,274 | |
| Furniture and vehicles | 24 | - | €1,073,809 | +€1.1m | |
| Assets under construction and advance payments | 27 | €1,087,994 | €1,372 | -€1.1m | -99.9% |
| Current assets | 29/58 | €2,918,660 | €1,233,649 | -€1.7m | -57.7% |
| Stocks and contracts in progress | 3 | €24,271 | €279,392 | +€255,120 | +1,051% |
| Stocks | 30/36 | €24,271 | €279,392 | +€255,120 | +1,051% |
| Amounts receivable within one year | 40/41 | €280,087 | €129,204 | -€150,883 | -53.9% |
| Trade receivables | 40 | €114,251 | €25,359 | -€88,892 | -77.8% |
| Other amounts receivable | 41 | €165,836 | €103,845 | -€61,991 | -37.4% |
| Current investments | 50/53 | €1,800,000 | €500,000 | -€1.3m | -72.2% |
| Cash at bank and in hand | 54/58 | €810,737 | €255,878 | -€554,860 | -68.4% |
| Deferred charges and accrued income | 490/1 | €3,564 | €69,176 | +€65,612 | +1,841% |
| Total equity and liabilities | 10/49 | €4,006,654 | €3,715,028 | -€291,627 | -7.3% |
| Equity | 10/15 | €3,782,926 | €784,223 | -€3.0m | -79.3% |
| Contributions | 10/11 | €4,000,000 | €4,000,000 | = | 0.0% |
| Capital | 10 | €4,000,000 | €4,000,000 | = | 0.0% |
| Issued capital | 100 | €4,000,000 | €4,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€217,074 | -€3,215,777 | -€3.0m | -1,381% |
| Amounts payable | 17/49 | €223,729 | €2,930,804 | +€2.7m | +1,210% |
| Amounts payable within one year | 42/48 | €219,177 | €2,930,247 | +€2.7m | +1,237% |
| Trade debts | 44 | €185,150 | €417,219 | +€232,069 | +125% |
| Suppliers | 440/4 | €185,150 | €417,219 | +€232,069 | +125% |
| Advances received on contracts in progress | 46 | - | €6,236 | +€6,236 | |
| Taxes, remuneration and social security | 45 | €34,027 | €356,792 | +€322,765 | +949% |
| Taxes | 450/3 | €7,701 | €47,515 | +€39,814 | +517% |
| Remuneration and social security | 454/9 | €26,326 | €309,277 | +€282,952 | +1,075% |
| Other amounts payable | 47/48 | - | €2,150,000 | +€2.2m | |
| Accrued charges and deferred income | 492/3 | €4,552 | €557 | -€3,995 | -87.8% |
| Remuneration, social security and pensions | 62 | €162,610 | €1,734,275 | +€1.6m | +967% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €99,431 | +€99,431 | |
| Other operating charges | 640/8 | €1,345 | €10,807 | +€9,462 | +704% |
| Gross operating margin | 9900 | -€101,058 | -€1,168,319 | -€1.1m | -1,056% |
| Operating profit (loss) | 9901 | -€265,013 | -€3,012,832 | -€2.7m | -1,037% |
| Financial income | 75/76B | €48,023 | €18,184 | -€29,839 | -62.1% |
| Recurring financial income | 75 | €48,023 | €18,184 | -€29,839 | -62.1% |
| Financial charges | 65/66B | €85 | €4,054 | +€3,969 | +4,670% |
| Recurring financial charges | 65 | €85 | €4,054 | +€3,969 | +4,670% |
| Profit (loss) for the period before taxes | 9903 | -€217,074 | -€2,998,702 | -€2.8m | -1,281% |
| Profit (loss) for the period | 9904 | -€217,074 | -€2,998,702 | -€2.8m | -1,281% |
| Profit (loss) for the period to be appropriated | 9905 | -€217,074 | -€2,998,702 | -€2.8m | -1,281% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.