RAMON: 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.
RAMON
Largest movements
- Cash +€369,255
up €369,255 (+135.6%), from €272,283 to €641,538
mainly Net result for the year (+€228,827) and Receivables within one year (+€86,038)
- Receivables within one year -€86,038
down €86,038 (-91.8%), from €93,675 to €7,637
of which Trade receivables: -€77,019
- Stocks and contracts -€24,896
no longer reported in 2025 (was €24,896)
- Tangible fixed assets -€23,543
down €23,543 (-98.4%), from €23,923 to €381
of which Land and buildings: -€22,856
- Reserves +€228,500
up €228,500 (+72.4%), from €315,673 to €544,173
of which Distributable reserves: +€228,500
- Gross operating margin +€277,228
up €277,228 (+418.4%), from €66,255 to €343,484
- Taxes +€84,457
up €84,457 (+384.2%), from €21,981 to €106,438
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 | €415,075 | €649,556 | +€234,481 | +56.5% |
| Fixed assets | 21/28 | €23,923 | €381 | -€23,543 | -98.4% |
| Tangible fixed assets | 22/27 | €23,923 | €381 | -€23,543 | -98.4% |
| Land and buildings | 22 | €22,856 | - | -€22,856 | |
| Plant, machinery and equipment | 23 | €938 | €381 | -€557 | -59.4% |
| Furniture and vehicles | 24 | €130 | - | -€130 | |
| Current assets | 29/58 | €391,151 | €649,175 | +€258,024 | +66.0% |
| Stocks and contracts in progress | 3 | €24,896 | - | -€24,896 | |
| Stocks | 30/36 | €24,896 | - | -€24,896 | |
| Amounts receivable within one year | 40/41 | €93,675 | €7,637 | -€86,038 | -91.8% |
| Trade receivables | 40 | €77,019 | - | -€77,019 | |
| Other amounts receivable | 41 | €16,656 | €7,637 | -€9,019 | -54.1% |
| Cash at bank and in hand | 54/58 | €272,283 | €641,538 | +€369,255 | +135.6% |
| Deferred charges and accrued income | 490/1 | €297 | - | -€297 | |
| Total equity and liabilities | 10/49 | €415,075 | €649,556 | +€234,481 | +56.5% |
| Equity | 10/15 | €395,596 | €624,422 | +€228,827 | +57.8% |
| Contributions | 10/11 | €79,000 | €79,000 | = | 0.0% |
| Reserves | 13 | €315,673 | €544,173 | +€228,500 | +72.4% |
| Non-distributable reserves | 130/1 | €37,900 | €37,900 | = | 0.0% |
| Other | 1319 | €37,900 | €37,900 | = | 0.0% |
| Distributable reserves | 133 | €277,773 | €506,273 | +€228,500 | +82.3% |
| Profit (loss) carried forward | 14 | €923 | €1,250 | +€327 | +35.4% |
| Amounts payable | 17/49 | €19,479 | €25,134 | +€5,655 | +29.0% |
| Amounts payable within one year | 42/48 | €19,479 | €25,134 | +€5,655 | +29.0% |
| Trade debts | 44 | €639 | €1,250 | +€611 | +95.8% |
| Suppliers | 440/4 | €639 | €1,250 | +€611 | +95.8% |
| Taxes, remuneration and social security | 45 | €17,355 | €22,850 | +€5,495 | +31.7% |
| Taxes | 450/3 | €17,355 | €22,850 | +€5,495 | +31.7% |
| Other amounts payable | 47/48 | €1,486 | €1,034 | -€452 | -30.4% |
| Non-recurring operating income | 76A | - | €373,555 | +€373,555 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €747 | €439 | -€308 | -41.3% |
| Other operating charges | 640/8 | €4,841 | €7,873 | +€3,032 | +62.6% |
| Gross operating margin | 9900 | €66,255 | €343,484 | +€277,228 | +418.4% |
| Operating profit (loss) | 9901 | €60,667 | €335,171 | +€274,504 | +452.5% |
| Financial income | 75/76B | €695 | €253 | -€442 | -63.6% |
| Recurring financial income | 75 | €695 | €253 | -€442 | -63.6% |
| Financial charges | 65/66B | €649 | €160 | -€489 | -75.4% |
| Recurring financial charges | 65 | €649 | €160 | -€489 | -75.4% |
| Profit (loss) for the period before taxes | 9903 | €60,713 | €335,265 | +€274,551 | +452.2% |
| Income taxes | 67/77 | €21,981 | €106,438 | +€84,457 | +384.2% |
| Profit (loss) for the period | 9904 | €38,732 | €228,827 | +€190,094 | +490.8% |
| Profit (loss) for the period to be appropriated | 9905 | €38,732 | €228,827 | +€190,094 | +490.8% |
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 5 October 2026 via checked.be.