RAMTRADING: 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.
RAMTRADING
Largest movements
- Stocks and contracts -€58,927
down €58,927 (-35.9%), from €164,243 to €105,316
- Cash +€34,030
up €34,030 (+81.6%), from €41,728 to €75,758
mainly Stocks and contracts (+€58,927) and Depreciation (+€5,331)
- Receivables within one year +€21,571
up €21,571 (+32.6%), from €66,267 to €87,838
- Tangible fixed assets -€5,331
down €5,331 (-28.2%), from €18,935 to €13,604
- Trade debts -€9,856
down €9,856 (-5.2%), from €191,170 to €181,313
- Staff costs -€18,942
down €18,942 (-39.1%), from €48,476 to €29,534
- Gross operating margin -€16,643
down €16,643 (-25.0%), from €66,677 to €50,034
- Financial charges +€4,698
up €4,698 (+610.4%), from €770 to €5,468
- Taxes -€2,218
down €2,218 (-67.5%), from €3,287 to €1,069
- Other operating charges -€1,768
down €1,768 (-23.6%), from €7,495 to €5,728
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €299,068 | €287,706 | -€11,362 | -3.8% |
| Fixed assets | 21/28 | €18,935 | €13,604 | -€5,331 | -28.2% |
| Tangible fixed assets | 22/27 | €18,935 | €13,604 | -€5,331 | -28.2% |
| Furniture and vehicles | 24 | €18,935 | €13,604 | -€5,331 | -28.2% |
| Current assets | 29/58 | €280,133 | €274,102 | -€6,031 | -2.2% |
| Stocks and contracts in progress | 3 | €164,243 | €105,316 | -€58,927 | -35.9% |
| Stocks | 30/36 | €164,243 | €105,316 | -€58,927 | -35.9% |
| Amounts receivable within one year | 40/41 | €66,267 | €87,838 | +€21,571 | +32.6% |
| Other amounts receivable | 41 | €66,267 | €87,838 | +€21,571 | +32.6% |
| Cash at bank and in hand | 54/58 | €41,728 | €75,758 | +€34,030 | +81.6% |
| Deferred charges and accrued income | 490/1 | €7,894 | €5,189 | -€2,706 | -34.3% |
| Total equity and liabilities | 10/49 | €299,068 | €287,706 | -€11,362 | -3.8% |
| Equity | 10/15 | €80,359 | €83,264 | +€2,905 | +3.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,359 | €78,264 | +€2,905 | +3.9% |
| Amounts payable | 17/49 | €218,709 | €204,442 | -€14,267 | -6.5% |
| Amounts payable within one year | 42/48 | €218,709 | €204,442 | -€14,267 | -6.5% |
| Financial debts | 43 | €2,217 | - | -€2,217 | |
| Credit institutions | 430/8 | €2,217 | - | -€2,217 | |
| Trade debts | 44 | €191,170 | €181,313 | -€9,856 | -5.2% |
| Suppliers | 440/4 | €191,170 | €181,313 | -€9,856 | -5.2% |
| Taxes, remuneration and social security | 45 | €24,763 | €23,129 | -€1,634 | -6.6% |
| Taxes | 450/3 | €20,872 | €19,838 | -€1,034 | -5.0% |
| Remuneration and social security | 454/9 | €3,891 | €3,290 | -€601 | -15.4% |
| Other amounts payable | 47/48 | €559 | - | -€559 | |
| Remuneration, social security and pensions | 62 | €48,476 | €29,534 | -€18,942 | -39.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,331 | €5,331 | = | 0.0% |
| Other operating charges | 640/8 | €7,495 | €5,728 | -€1,768 | -23.6% |
| Gross operating margin | 9900 | €66,677 | €50,034 | -€16,643 | -25.0% |
| Operating profit (loss) | 9901 | €5,374 | €9,441 | +€4,067 | +75.7% |
| Financial charges | 65/66B | €770 | €5,468 | +€4,698 | +610.4% |
| Recurring financial charges | 65 | €770 | €5,468 | +€4,698 | +610.4% |
| Profit (loss) for the period before taxes | 9903 | €4,605 | €3,973 | -€631 | -13.7% |
| Income taxes | 67/77 | €3,287 | €1,069 | -€2,218 | -67.5% |
| Profit (loss) for the period | 9904 | €1,317 | €2,905 | +€1,587 | +120.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,317 | €2,905 | +€1,587 | +120.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.