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 -€32,185
down €32,185 (-53.8%), from €59,870 to €27,685
mainly Investment in fixed assets (net) (-€37,668) and Trade debts (-€21,658)
- Tangible fixed assets +€20,796
up €20,796 (+21.1%), from €98,740 to €119,535
of which Furniture and vehicles: +€29,129
- Current investments +€20,080
new in 2025: €20,080
- Receivables within one year +€13,694
up €13,694 (+20.1%), from €68,093 to €81,787
of which Trade receivables: +€8,286
- Stocks and contracts -€6,065
down €6,065 (-10.6%), from €57,456 to €51,391
of which Stocks: -€5,565
- Trade debts -€21,658
down €21,658 (-86.1%), from €25,157 to €3,498
- Debts after one year +€20,118
up €20,118 (+113.3%), from €17,758 to €37,876
- Reserves +€14,180
up €14,180 (+6.4%), from €220,514 to €234,694
of which Distributable reserves: +€14,180
- Gross operating margin +€11,549
up €11,549 (+38.7%), from €29,805 to €41,354
- Depreciation +€5,063
up €5,063 (+42.9%), from €11,809 to €16,872
- Staff costs +€1,815
new in 2025: €1,815
- Taxes +€758
up €758 (+18.8%), from €4,037 to €4,795
- Financial charges +€693
up €693 (+33.8%), from €2,050 to €2,743
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 | €286,311 | €300,509 | +€14,198 | +5.0% |
| Fixed assets | 21/28 | €98,740 | €119,535 | +€20,796 | +21.1% |
| Tangible fixed assets | 22/27 | €98,740 | €119,535 | +€20,796 | +21.1% |
| Land and buildings | 22 | €49,332 | €45,787 | -€3,545 | -7.2% |
| Plant, machinery and equipment | 23 | €41,735 | €36,947 | -€4,789 | -11.5% |
| Furniture and vehicles | 24 | €7,672 | €36,802 | +€29,129 | +379.7% |
| Current assets | 29/58 | €187,571 | €180,974 | -€6,598 | -3.5% |
| Stocks and contracts in progress | 3 | €57,456 | €51,391 | -€6,065 | -10.6% |
| Stocks | 30/36 | €21,956 | €16,391 | -€5,565 | -25.3% |
| Contracts in progress | 37 | €35,500 | €35,000 | -€500 | -1.4% |
| Amounts receivable within one year | 40/41 | €68,093 | €81,787 | +€13,694 | +20.1% |
| Trade receivables | 40 | €55,496 | €63,782 | +€8,286 | +14.9% |
| Other amounts receivable | 41 | €12,597 | €18,005 | +€5,408 | +42.9% |
| Current investments | 50/53 | - | €20,080 | +€20,080 | |
| Cash at bank and in hand | 54/58 | €59,870 | €27,685 | -€32,185 | -53.8% |
| Deferred charges and accrued income | 490/1 | €2,152 | €30 | -€2,122 | -98.6% |
| Total equity and liabilities | 10/49 | €286,311 | €300,509 | +€14,198 | +5.0% |
| Equity | 10/15 | €236,514 | €250,694 | +€14,180 | +6.0% |
| Contributions | 10/11 | €16,000 | €16,000 | = | 0.0% |
| Reserves | 13 | €220,514 | €234,694 | +€14,180 | +6.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €218,654 | €232,834 | +€14,180 | +6.5% |
| Amounts payable | 17/49 | €49,797 | €49,815 | +€18 | 0.0% |
| Amounts payable after more than one year | 17 | €17,758 | €37,876 | +€20,118 | +113.3% |
| Financial debts | 170/4 | €17,758 | €37,876 | +€20,118 | +113.3% |
| Amounts payable within one year | 42/48 | €31,427 | €11,316 | -€20,111 | -64.0% |
| Current portion of amounts payable after more than one year | 42 | €4,275 | €4,275 | = | 0.0% |
| Trade debts | 44 | €25,157 | €3,498 | -€21,658 | -86.1% |
| Suppliers | 440/4 | €25,157 | €3,498 | -€21,658 | -86.1% |
| Other amounts payable | 47/48 | €1,995 | €3,543 | +€1,548 | +77.6% |
| Accrued charges and deferred income | 492/3 | €612 | €623 | +€11 | +1.7% |
| Non-recurring operating income | 76A | - | €3,500 | +€3,500 | |
| Remuneration, social security and pensions | 62 | - | €1,815 | +€1,815 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,809 | €16,872 | +€5,063 | +42.9% |
| Other operating charges | 640/8 | €851 | €1,118 | +€267 | +31.4% |
| Gross operating margin | 9900 | €29,805 | €41,354 | +€11,549 | +38.7% |
| Operating profit (loss) | 9901 | €17,145 | €21,548 | +€4,403 | +25.7% |
| Financial income | 75/76B | €1 | €175 | +€175 | +31182.1% |
| Recurring financial income | 75 | €1 | €175 | +€175 | +31182.1% |
| Financial charges | 65/66B | €2,050 | €2,743 | +€693 | +33.8% |
| Recurring financial charges | 65 | €2,050 | €2,743 | +€693 | +33.8% |
| Profit (loss) for the period before taxes | 9903 | €15,096 | €18,981 | +€3,885 | +25.7% |
| Income taxes | 67/77 | €4,037 | €4,795 | +€758 | +18.8% |
| Profit (loss) for the period | 9904 | €11,058 | €14,186 | +€3,127 | +28.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,058 | €14,186 | +€3,127 | +28.3% |
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 8 October 2026 via checked.be.