RAMOD: 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.
RAMOD
Largest movements
- Tangible fixed assets +€13,672
up €13,672 (+36.6%), from €37,387 to €51,059
of which Plant, machinery and equipment: +€13,922
- Cash -€4,146
down €4,146 (-89.8%), from €4,617 to €471
mainly Investment in fixed assets (net) (-€20,700) and Debts after one year (-€5,000)
- Stocks and contracts +€3,000
new in 2025: €3,000
- Receivables within one year +€1,621
up €1,621 (+9.3%), from €17,357 to €18,978
of which Other amounts receivable: +€4,881
- Other debts +€18,580
up €18,580 (+87.0%), from €21,358 to €39,938
- Debts after one year -€5,000
down €5,000 (-40.0%), from €12,500 to €7,500
- Trade debts +€2,032
up €2,032 (+56.3%), from €3,608 to €5,640
- Tax, wage and social debts -€1,480
down €1,480 (-95.4%), from €1,551 to €71
- Gross operating margin +€21,562
up €21,562, from -€10,856 to €10,706
- Staff costs +€1,176
new in 2025: €1,176
- Other operating charges -€300
down €300 (-32.9%), from €913 to €613
- Depreciation +€187
up €187 (+2.7%), from €6,840 to €7,028
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 | €59,361 | €73,508 | +€14,147 | +23.8% |
| Fixed assets | 21/28 | €37,387 | €51,059 | +€13,672 | +36.6% |
| Tangible fixed assets | 22/27 | €37,387 | €51,059 | +€13,672 | +36.6% |
| Plant, machinery and equipment | 23 | €34,950 | €48,873 | +€13,922 | +39.8% |
| Other tangible fixed assets | 26 | €2,437 | €2,187 | -€250 | -10.3% |
| Current assets | 29/58 | €21,974 | €22,449 | +€475 | +2.2% |
| Stocks and contracts in progress | 3 | - | €3,000 | +€3,000 | |
| Contracts in progress | 37 | - | €3,000 | +€3,000 | |
| Amounts receivable within one year | 40/41 | €17,357 | €18,978 | +€1,621 | +9.3% |
| Trade receivables | 40 | €17,357 | €14,097 | -€3,260 | -18.8% |
| Other amounts receivable | 41 | - | €4,881 | +€4,881 | |
| Cash at bank and in hand | 54/58 | €4,617 | €471 | -€4,146 | -89.8% |
| Total equity and liabilities | 10/49 | €59,361 | €73,508 | +€14,147 | +23.8% |
| Equity | 10/15 | €15,344 | €15,360 | +€15 | +0.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €14,344 | €14,360 | +€15 | +0.1% |
| Distributable reserves | 133 | €14,344 | €14,360 | +€15 | +0.1% |
| Amounts payable | 17/49 | €44,016 | €58,148 | +€14,132 | +32.1% |
| Amounts payable after more than one year | 17 | €12,500 | €7,500 | -€5,000 | -40.0% |
| Financial debts | 170/4 | €12,500 | €7,500 | -€5,000 | -40.0% |
| Amounts payable within one year | 42/48 | €31,516 | €50,648 | +€19,132 | +60.7% |
| Current portion of amounts payable after more than one year | 42 | €5,000 | €5,000 | = | 0.0% |
| Trade debts | 44 | €3,608 | €5,640 | +€2,032 | +56.3% |
| Suppliers | 440/4 | €3,608 | €5,640 | +€2,032 | +56.3% |
| Taxes, remuneration and social security | 45 | €1,551 | €71 | -€1,480 | -95.4% |
| Taxes | 450/3 | €1,551 | €71 | -€1,480 | -95.4% |
| Other amounts payable | 47/48 | €21,358 | €39,938 | +€18,580 | +87.0% |
| Remuneration, social security and pensions | 62 | - | €1,176 | +€1,176 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,840 | €7,028 | +€187 | +2.7% |
| Other operating charges | 640/8 | €913 | €613 | -€300 | -32.9% |
| Gross operating margin | 9900 | -€10,856 | €10,706 | +€21,562 | |
| Operating profit (loss) | 9901 | -€18,608 | €1,890 | +€20,498 | |
| Financial income | 75/76B | €116 | €39 | -€77 | -66.4% |
| Recurring financial income | 75 | €116 | €39 | -€77 | -66.4% |
| Financial charges | 65/66B | €1,878 | €1,902 | +€23 | +1.2% |
| Recurring financial charges | 65 | €1,878 | €1,902 | +€23 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | -€20,370 | €27 | +€20,397 | |
| Income taxes | 67/77 | €106 | €12 | -€94 | -88.9% |
| Profit (loss) for the period | 9904 | -€20,476 | €15 | +€20,491 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,476 | €15 | +€20,491 |
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 19 October 2026 via checked.be.