RaMo: 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.
RaMo
Largest movements
- Cash -€22,257
down €22,257 (-27.7%), from €80,467 to €58,211
mainly Receivables within one year (-€20,273) and Net result for the year (-€4,974)
- Receivables within one year +€20,273
up €20,273 (+85.0%), from €23,839 to €44,111
of which Trade receivables: +€16,822
- Tangible fixed assets -€5,767
down €5,767 (-33.4%), from €17,259 to €11,492
of which Plant, machinery and equipment: -€4,176
- Profit (loss) carried forward -€4,974
down €4,974 (-10.4%), from €47,748 to €42,774
- Other debts -€3,462
down €3,462 (-44.0%), from €7,865 to €4,403
- Gross operating margin -€39,212
down €39,212 (-70.7%), from €55,493 to €16,281
- Taxes -€7,152
down €7,152 (-83.0%), from €8,620 to €1,468
- Depreciation -€1,102
down €1,102 (-18.6%), from €5,922 to €4,820
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 | €165,004 | €158,481 | -€6,523 | -4.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €18,759 | €12,992 | -€5,767 | -30.7% |
| Tangible fixed assets | 22/27 | €17,259 | €11,492 | -€5,767 | -33.4% |
| Land and buildings | 22 | €5,989 | €4,942 | -€1,047 | -17.5% |
| Plant, machinery and equipment | 23 | €10,114 | €5,938 | -€4,176 | -41.3% |
| Furniture and vehicles | 24 | €1,156 | €612 | -€544 | -47.1% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €146,245 | €145,489 | -€756 | -0.5% |
| Amounts receivable after more than one year | 29 | €40,000 | €40,000 | = | 0.0% |
| Other amounts receivable | 291 | €40,000 | €40,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,463 | €2,645 | +€1,182 | +80.8% |
| Stocks | 30/36 | €1,463 | €2,645 | +€1,182 | +80.8% |
| Amounts receivable within one year | 40/41 | €23,839 | €44,111 | +€20,273 | +85.0% |
| Trade receivables | 40 | €7,377 | €24,199 | +€16,822 | +228% |
| Other amounts receivable | 41 | €16,462 | €19,912 | +€3,450 | +21.0% |
| Cash at bank and in hand | 54/58 | €80,467 | €58,211 | -€22,257 | -27.7% |
| Deferred charges and accrued income | 490/1 | €476 | €522 | +€46 | +9.8% |
| Total equity and liabilities | 10/49 | €165,004 | €158,481 | -€6,523 | -4.0% |
| Equity | 10/15 | €146,148 | €141,174 | -€4,974 | -3.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €95,400 | €95,400 | = | 0.0% |
| Distributable reserves | 133 | €95,400 | €95,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,748 | €42,774 | -€4,974 | -10.4% |
| Amounts payable | 17/49 | €18,856 | €17,308 | -€1,549 | -8.2% |
| Amounts payable within one year | 42/48 | €18,856 | €17,242 | -€1,614 | -8.6% |
| Financial debts | 43 | €5,070 | €5,047 | -€23 | -0.5% |
| Credit institutions | 430/8 | €5,070 | €5,047 | -€23 | -0.5% |
| Trade debts | 44 | €4,659 | €6,133 | +€1,474 | +31.6% |
| Suppliers | 440/4 | €4,659 | €6,133 | +€1,474 | +31.6% |
| Taxes, remuneration and social security | 45 | €1,262 | €1,660 | +€397 | +31.5% |
| Taxes | 450/3 | €1,262 | €1,660 | +€397 | +31.5% |
| Other amounts payable | 47/48 | €7,865 | €4,403 | -€3,462 | -44.0% |
| Accrued charges and deferred income | 492/3 | - | €66 | +€66 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,922 | €4,820 | -€1,102 | -18.6% |
| Other operating charges | 640/8 | €1,160 | €1,077 | -€83 | -7.2% |
| Non-recurring operating charges | 66A | €6,370 | €10,247 | +€3,877 | +60.9% |
| Gross operating margin | 9900 | €55,493 | €16,281 | -€39,212 | -70.7% |
| Operating profit (loss) | 9901 | €42,041 | €138 | -€41,903 | -99.7% |
| Financial income | 75/76B | €1,360 | €1,072 | -€288 | -21.2% |
| Recurring financial income | 75 | €1,360 | €1,072 | -€288 | -21.2% |
| Financial charges | 65/66B | €4,477 | €4,717 | +€240 | +5.4% |
| Recurring financial charges | 65 | €4,477 | €4,717 | +€240 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | €38,924 | -€3,507 | -€42,431 | |
| Income taxes | 67/77 | €8,620 | €1,468 | -€7,152 | -83.0% |
| Profit (loss) for the period | 9904 | €30,304 | -€4,974 | -€35,279 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,304 | -€4,974 | -€35,279 |
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 24 October 2026 via checked.be.