RAMOS RENOVATION: what changed
What changed
RAMOS RENOVATION
NACE 43.990, Other specialised construction activities
filed annual accounts (NBB)
Net result for the year
-€28,109
2024 · €22,474-€50,583
Equity
€48,603
2024 · €76,713-€28,109
Cash
€13,697
2024 · €15,166-€1,470
Balance sheet total
€148,779
2024 · €145,079+€3,700
Largest movements
Assets
- Tangible fixed assets +€8,433
up €8,433 (+60.1%), from €14,037 to €22,470
of which Furniture and vehicles: +€8,485
- Receivables within one year -€2,412
down €2,412 (-2.1%), from €114,874 to €112,462
of which Trade receivables: -€4,182
Equity and liabilities
- Profit (loss) carried forward -€28,109
down €28,109 (-39.5%), from €71,076 to €42,967
- Trade debts +€22,011
up €22,011 (+38.6%), from €57,011 to €79,022
- Debts after one year +€9,522
new in 2025: €9,522
- Current portion of long-term debt +€2,640
new in 2025: €2,640
- Tax, wage and social debts -€2,363
down €2,363 (-20.8%), from €11,355 to €8,992
of which Remuneration and social security: -€2,500
Income statement
- Gross operating margin -€56,408
down €56,408, from €43,690 to -€12,718
- Taxes -€9,440
down €9,440 (-88.1%), from €10,716 to €1,276
- Depreciation +€3,785
up €3,785 (+45.5%), from €8,326 to €12,110
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€22,474
Gross operating margin
-€56,408
Depreciation
-€3,785
Other operating charges
+€235
Financial income
+€254
Financial charges
-€318
Taxes
+€9,440
Result 2025
-€28,109
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€6,912
Investment
-€20,544
Financing
+€12,162
Cash 2024
€15,166
From operations (derived)
+€6,912
Net result for the year
-€28,109
Depreciation
+€12,110
Receivables within one year
+€2,412
Deferred charges and accrued income
+€851
Trade debts
+€22,011
Tax, wage and social debts
-€2,363
Investment (derived)
-€20,544
Investment in fixed assets (net)
-€20,544
Financing
+€12,162
Debts after one year
+€9,522
Current portion of long-term debt
+€2,640
Cash 2025
€13,697
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €145,079 | €148,779 | +€3,700 | +2.6% |
| Fixed assets | 21/28 | €14,187 | €22,620 | +€8,433 | +59.4% |
| Tangible fixed assets | 22/27 | €14,037 | €22,470 | +€8,433 | +60.1% |
| Plant, machinery and equipment | 23 | €349 | €297 | -€52 | -14.8% |
| Furniture and vehicles | 24 | €13,688 | €22,173 | +€8,485 | +62.0% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €130,892 | €126,159 | -€4,733 | -3.6% |
| Amounts receivable within one year | 40/41 | €114,874 | €112,462 | -€2,412 | -2.1% |
| Trade receivables | 40 | €106,656 | €102,474 | -€4,182 | -3.9% |
| Other amounts receivable | 41 | €8,218 | €9,988 | +€1,770 | +21.5% |
| Cash at bank and in hand | 54/58 | €15,166 | €13,697 | -€1,470 | -9.7% |
| Deferred charges and accrued income | 490/1 | €851 | - | -€851 | |
| Total equity and liabilities | 10/49 | €145,079 | €148,779 | +€3,700 | +2.6% |
| Equity | 10/15 | €76,713 | €48,603 | -€28,109 | -36.6% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €5,635 | €5,635 | = | 0.0% |
| Distributable reserves | 133 | €5,635 | €5,635 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,076 | €42,967 | -€28,109 | -39.5% |
| Amounts payable | 17/49 | €68,366 | €100,176 | +€31,810 | +46.5% |
| Amounts payable after more than one year | 17 | - | €9,522 | +€9,522 | |
| Financial debts | 170/4 | - | €9,522 | +€9,522 | |
| Amounts payable within one year | 42/48 | €68,366 | €90,653 | +€22,287 | +32.6% |
| Current portion of amounts payable after more than one year | 42 | - | €2,640 | +€2,640 | |
| Trade debts | 44 | €57,011 | €79,022 | +€22,011 | +38.6% |
| Suppliers | 440/4 | €57,011 | €79,022 | +€22,011 | +38.6% |
| Taxes, remuneration and social security | 45 | €11,355 | €8,992 | -€2,363 | -20.8% |
| Taxes | 450/3 | €8,855 | €8,992 | +€137 | +1.5% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,326 | €12,110 | +€3,785 | +45.5% |
| Other operating charges | 640/8 | €1,950 | €1,715 | -€235 | -12.0% |
| Gross operating margin | 9900 | €43,690 | -€12,718 | -€56,408 | |
| Operating profit (loss) | 9901 | €33,415 | -€26,544 | -€59,958 | |
| Financial income | 75/76B | €144 | €398 | +€254 | +177% |
| Recurring financial income | 75 | €144 | €398 | +€254 | +177% |
| Financial charges | 65/66B | €369 | €687 | +€318 | +86.3% |
| Recurring financial charges | 65 | €369 | €687 | +€318 | +86.3% |
| Profit (loss) for the period before taxes | 9903 | €33,189 | -€26,833 | -€60,023 | |
| Income taxes | 67/77 | €10,716 | €1,276 | -€9,440 | -88.1% |
| Profit (loss) for the period | 9904 | €22,474 | -€28,109 | -€50,583 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,474 | -€28,109 | -€50,583 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.