RAMSES: 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.
RAMSES
Largest movements
- Cash +€25,643
up €25,643 (+89.9%), from €28,539 to €54,182
mainly Trade debts (+€28,736) and Advances received (+€9,000)
- Receivables within one year +€23,865
up €23,865 (+120%), from €19,856 to €43,721
of which Trade receivables: +€21,390
- Stocks and contracts -€5,550
down €5,550 (-31.6%), from €17,572 to €12,022
- Tangible fixed assets -€4,232
down €4,232 (-78.4%), from €5,400 to €1,168
- Trade debts +€28,736
up €28,736 (+2,091%), from €1,374 to €30,110
- Advances received +€9,000
up €9,000 (+200%), from €4,500 to €13,500
- Profit (loss) carried forward +€7,360
up €7,360 (+19.0%), from €38,818 to €46,178
- Other debts -€5,735
no longer reported in 2025 (was €5,735)
- Purchases and services +€33,068
up €33,068 (+21.6%), from €152,750 to €185,819
- Gross operating margin -€7,582
down €7,582 (-48.0%), from €15,808 to €8,226
- Financial income +€7,050
new in 2025: €7,050
- Staff costs -€3,300
no longer reported in 2025 (was €3,300)
- Depreciation +€1,707
new in 2025: €1,707
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 | €74,417 | €114,143 | +€39,726 | +53.4% |
| Fixed assets | 21/28 | €8,450 | €4,218 | -€4,232 | -50.1% |
| Tangible fixed assets | 22/27 | €5,400 | €1,168 | -€4,232 | -78.4% |
| Furniture and vehicles | 24 | €5,400 | €1,168 | -€4,232 | -78.4% |
| Financial fixed assets | 28 | €3,050 | €3,050 | = | 0.0% |
| Current assets | 29/58 | €65,967 | €109,925 | +€43,958 | +66.6% |
| Stocks and contracts in progress | 3 | €17,572 | €12,022 | -€5,550 | -31.6% |
| Stocks | 30/36 | €17,572 | €12,022 | -€5,550 | -31.6% |
| Amounts receivable within one year | 40/41 | €19,856 | €43,721 | +€23,865 | +120% |
| Trade receivables | 40 | €16,672 | €38,062 | +€21,390 | +128% |
| Other amounts receivable | 41 | €3,184 | €5,658 | +€2,475 | +77.7% |
| Cash at bank and in hand | 54/58 | €28,539 | €54,182 | +€25,643 | +89.9% |
| Total equity and liabilities | 10/49 | €74,417 | €114,143 | +€39,726 | +53.4% |
| Equity | 10/15 | €59,278 | €66,638 | +€7,360 | +12.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,818 | €46,178 | +€7,360 | +19.0% |
| Amounts payable | 17/49 | €15,139 | €47,505 | +€32,366 | +214% |
| Amounts payable within one year | 42/48 | €15,139 | €47,505 | +€32,366 | +214% |
| Trade debts | 44 | €1,374 | €30,110 | +€28,736 | +2,091% |
| Suppliers | 440/4 | €1,374 | €30,110 | +€28,736 | +2,091% |
| Advances received on contracts in progress | 46 | €4,500 | €13,500 | +€9,000 | +200% |
| Taxes, remuneration and social security | 45 | €3,531 | €3,895 | +€365 | +10.3% |
| Taxes | 450/3 | €3,531 | €3,895 | +€365 | +10.3% |
| Other amounts payable | 47/48 | €5,735 | - | -€5,735 | |
| Goods, raw materials, services and sundry goods | 60/61 | €152,750 | €185,819 | +€33,068 | +21.6% |
| Remuneration, social security and pensions | 62 | €3,300 | - | -€3,300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,707 | +€1,707 | |
| Other operating charges | 640/8 | €2,469 | €1,731 | -€737 | -29.9% |
| Non-recurring operating charges | 66A | - | €3,825 | +€3,825 | |
| Gross operating margin | 9900 | €15,808 | €8,226 | -€7,582 | -48.0% |
| Operating profit (loss) | 9901 | €10,039 | €962 | -€9,077 | -90.4% |
| Financial income | 75/76B | - | €7,050 | +€7,050 | |
| Recurring financial income | 75 | - | €7,050 | +€7,050 | |
| Financial charges | 65/66B | €506 | €260 | -€246 | -48.6% |
| Recurring financial charges | 65 | €506 | €260 | -€246 | -48.6% |
| Profit (loss) for the period before taxes | 9903 | €9,534 | €7,753 | -€1,781 | -18.7% |
| Income taxes | 67/77 | - | €393 | +€393 | |
| Profit (loss) for the period | 9904 | €9,534 | €7,360 | -€2,174 | -22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,534 | €7,360 | -€2,174 | -22.8% |
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 17 October 2026 via checked.be.