Ramo Construct: 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 Construct
Largest movements
- Receivables after one year +€58,821
new in 2025: €58,821
- Receivables within one year -€29,431
down €29,431 (-63.1%), from €46,671 to €17,240
of which Other amounts receivable: -€16,561
- Tangible fixed assets -€9,327
down €9,327 (-47.5%), from €19,620 to €10,293
of which Furniture and vehicles: -€6,040
- Cash +€7,439
up €7,439 (+52.1%), from €14,275 to €21,714
mainly Receivables within one year (+€29,431) and Net result for the year (+€22,193)
- Stocks and contracts -€6,792
down €6,792 (-66.1%), from €10,275 to €3,483
- Profit (loss) carried forward +€22,193
up €22,193 (+59.8%), from €37,111 to €59,304
- Current portion of long-term debt +€20,000
new in 2025: €20,000
- Tax, wage and social debts -€9,093
down €9,093 (-39.1%), from €23,261 to €14,168
of which Remuneration and social security: -€6,314
- Trade debts -€7,942
down €7,942 (-33.6%), from €23,648 to €15,706
- Advances received -€3,016
no longer reported in 2025 (was €3,016)
- Taxes -€8,695
down €8,695 (-52.4%), from €16,591 to €7,896
- Gross operating margin -€6,159
down €6,159 (-11.5%), from €53,447 to €47,287
- Staff costs -€5,384
down €5,384 (-49.4%), from €10,890 to €5,505
- Depreciation +€1,061
up €1,061 (+12.8%), from €8,266 to €9,327
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 | €91,036 | €113,178 | +€22,142 | +24.3% |
| Fixed assets | 21/28 | €19,620 | €10,293 | -€9,327 | -47.5% |
| Tangible fixed assets | 22/27 | €19,620 | €10,293 | -€9,327 | -47.5% |
| Plant, machinery and equipment | 23 | €3,883 | €2,030 | -€1,853 | -47.7% |
| Furniture and vehicles | 24 | €13,777 | €7,736 | -€6,040 | -43.8% |
| Leasing and similar rights | 25 | €1,960 | €526 | -€1,433 | -73.1% |
| Current assets | 29/58 | €71,416 | €102,885 | +€31,469 | +44.1% |
| Amounts receivable after more than one year | 29 | - | €58,821 | +€58,821 | |
| Other amounts receivable | 291 | - | €58,821 | +€58,821 | |
| Stocks and contracts in progress | 3 | €10,275 | €3,483 | -€6,792 | -66.1% |
| Stocks | 30/36 | €10,275 | €3,483 | -€6,792 | -66.1% |
| Amounts receivable within one year | 40/41 | €46,671 | €17,240 | -€29,431 | -63.1% |
| Trade receivables | 40 | €15,307 | €2,436 | -€12,871 | -84.1% |
| Other amounts receivable | 41 | €31,364 | €14,803 | -€16,561 | -52.8% |
| Cash at bank and in hand | 54/58 | €14,275 | €21,714 | +€7,439 | +52.1% |
| Deferred charges and accrued income | 490/1 | €195 | €1,627 | +€1,432 | +734% |
| Total equity and liabilities | 10/49 | €91,036 | €113,178 | +€22,142 | +24.3% |
| Equity | 10/15 | €41,111 | €63,304 | +€22,193 | +54.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,111 | €59,304 | +€22,193 | +59.8% |
| Amounts payable | 17/49 | €49,925 | €49,874 | -€51 | -0.1% |
| Amounts payable within one year | 42/48 | €49,925 | €49,874 | -€51 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | - | €20,000 | +€20,000 | |
| Trade debts | 44 | €23,648 | €15,706 | -€7,942 | -33.6% |
| Suppliers | 440/4 | €23,648 | €15,706 | -€7,942 | -33.6% |
| Advances received on contracts in progress | 46 | €3,016 | - | -€3,016 | |
| Taxes, remuneration and social security | 45 | €23,261 | €14,168 | -€9,093 | -39.1% |
| Taxes | 450/3 | €16,947 | €14,168 | -€2,779 | -16.4% |
| Remuneration and social security | 454/9 | €6,314 | - | -€6,314 | |
| Non-recurring operating income | 76A | €4,396 | €3,046 | -€1,350 | -30.7% |
| Remuneration, social security and pensions | 62 | €10,890 | €5,505 | -€5,384 | -49.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,266 | €9,327 | +€1,061 | +12.8% |
| Other operating charges | 640/8 | €2,148 | €1,673 | -€475 | -22.1% |
| Gross operating margin | 9900 | €53,447 | €47,287 | -€6,159 | -11.5% |
| Operating profit (loss) | 9901 | €32,143 | €30,782 | -€1,361 | -4.2% |
| Financial income | 75/76B | €5 | €4 | -€1 | -23.3% |
| Recurring financial income | 75 | €5 | €4 | -€1 | -23.3% |
| Financial charges | 65/66B | €1,151 | €697 | -€454 | -39.4% |
| Recurring financial charges | 65 | €1,151 | €697 | -€454 | -39.4% |
| Profit (loss) for the period before taxes | 9903 | €30,998 | €30,089 | -€909 | -2.9% |
| Income taxes | 67/77 | €16,591 | €7,896 | -€8,695 | -52.4% |
| Profit (loss) for the period | 9904 | €14,407 | €22,193 | +€7,786 | +54.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,407 | €22,193 | +€7,786 | +54.0% |
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 20 October 2026 via checked.be.