RAMOCON: 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.
RAMOCON
Largest movements
- Tangible fixed assets +€82,720
up €82,720 (+8.9%), from €930,654 to €1.0m
of which Land and buildings: +€86,529
- Other debts +€50,043
up €50,043 (+20.1%), from €248,799 to €298,843
- Reserves +€44,840
up €44,840 (+25.9%), from €173,130 to €217,970
- Debts after one year -€37,302
down €37,302 (-8.6%), from €431,246 to €393,945
- Tax, wage and social debts +€15,266
up €15,266 (+64.3%), from €23,752 to €39,018
- Trade debts -€11,410
down €11,410 (-35.9%), from €31,752 to €20,342
- Depreciation +€15,165
up €15,165 (+61.6%), from €24,637 to €39,802
- Gross operating margin +€13,936
up €13,936 (+12.4%), from €112,474 to €126,410
- Other operating charges -€9,627
down €9,627 (-67.9%), from €14,168 to €4,541
- Taxes +€2,711
up €2,711 (+16.8%), from €16,147 to €18,858
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 | €978,603 | €1,051,560 | +€72,958 | +7.5% |
| Fixed assets | 21/28 | €930,654 | €1,013,374 | +€82,720 | +8.9% |
| Tangible fixed assets | 22/27 | €930,654 | €1,013,374 | +€82,720 | +8.9% |
| Land and buildings | 22 | €911,376 | €997,905 | +€86,529 | +9.5% |
| Furniture and vehicles | 24 | €19,278 | €15,469 | -€3,809 | -19.8% |
| Current assets | 29/58 | €47,948 | €38,186 | -€9,763 | -20.4% |
| Amounts receivable within one year | 40/41 | €45,141 | €37,829 | -€7,312 | -16.2% |
| Trade receivables | 40 | €43,839 | €34,577 | -€9,262 | -21.1% |
| Other amounts receivable | 41 | €1,302 | €3,252 | +€1,950 | +149.8% |
| Cash at bank and in hand | 54/58 | €2,808 | €357 | -€2,451 | -87.3% |
| Total equity and liabilities | 10/49 | €978,603 | €1,051,560 | +€72,958 | +7.5% |
| Equity | 10/15 | €179,330 | €224,170 | +€44,840 | +25.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €173,130 | €217,970 | +€44,840 | +25.9% |
| Distributable reserves | 133 | €173,130 | €217,970 | +€44,840 | +25.9% |
| Amounts payable | 17/49 | €799,273 | €827,390 | +€28,118 | +3.5% |
| Amounts payable after more than one year | 17 | €431,246 | €393,945 | -€37,302 | -8.6% |
| Financial debts | 170/4 | €431,246 | €393,945 | -€37,302 | -8.6% |
| Amounts payable within one year | 42/48 | €341,104 | €403,987 | +€62,882 | +18.4% |
| Current portion of amounts payable after more than one year | 42 | €36,801 | €45,784 | +€8,983 | +24.4% |
| Trade debts | 44 | €31,752 | €20,342 | -€11,410 | -35.9% |
| Suppliers | 440/4 | €31,752 | €20,342 | -€11,410 | -35.9% |
| Taxes, remuneration and social security | 45 | €23,752 | €39,018 | +€15,266 | +64.3% |
| Taxes | 450/3 | €23,752 | €39,018 | +€15,266 | +64.3% |
| Other amounts payable | 47/48 | €248,799 | €298,843 | +€50,043 | +20.1% |
| Accrued charges and deferred income | 492/3 | €26,922 | €29,459 | +€2,537 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,637 | €39,802 | +€15,165 | +61.6% |
| Other operating charges | 640/8 | €14,168 | €4,541 | -€9,627 | -67.9% |
| Gross operating margin | 9900 | €112,474 | €126,410 | +€13,936 | +12.4% |
| Operating profit (loss) | 9901 | €73,669 | €82,067 | +€8,398 | +11.4% |
| Financial charges | 65/66B | €18,302 | €18,369 | +€66 | +0.4% |
| Recurring financial charges | 65 | €18,302 | €18,369 | +€66 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | €55,367 | €63,699 | +€8,332 | +15.0% |
| Income taxes | 67/77 | €16,147 | €18,858 | +€2,711 | +16.8% |
| Profit (loss) for the period | 9904 | €39,220 | €44,840 | +€5,621 | +14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €39,220 | €44,840 | +€5,621 | +14.3% |
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 3 October 2026 via checked.be.