RAMUS.BE: 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.
RAMUS.BE
Largest movements
- Financial fixed assets +€24,000
up €24,000 (+92.3%), from €26,000 to €50,000
- Deferred charges and accrued income -€4,423
down €4,423 (-89.3%), from €4,955 to €532
- Receivables within one year +€3,152
up €3,152 (+5.4%), from €58,190 to €61,342
of which Other amounts receivable: +€16,379
- Tangible fixed assets -€2,976
down €2,976 (-23.1%), from €12,867 to €9,892
of which Furniture and vehicles: -€1,520
- Cash +€2,888
new in 2025: €2,888
mainly Other debts (+€74,769) and Deferred charges and accrued income (+€4,423)
- Other debts +€74,769
new in 2025: €74,769
- Reserves -€22,452
down €22,452 (-85.6%), from €26,222 to €3,770
of which Distributable reserves: -€21,018
- Debts after one year -€13,180
down €13,180 (-35.4%), from €37,249 to €24,069
- Profit (loss) carried forward -€6,618
down €6,618 (-120%), from -€5,532 to -€12,150
- Current portion of long-term debt -€5,241
down €5,241 (-25.0%), from €20,946 to €15,706
- Financial charges +€18,091
up €18,091 (+475%), from €3,812 to €21,903
of which Non-recurring financial charges: +€16,000
- Gross operating margin +€16,946
up €16,946, from -€856 to €16,090
- Taxes +€1,937
up €1,937 (+426%), from €455 to €2,392
- Financial income +€604
up €604 (+22.5%), from €2,685 to €3,289
- Other operating charges +€570
up €570 (+483%), from €118 to €688
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 | €102,012 | €124,654 | +€22,642 | +22.2% |
| Fixed assets | 21/28 | €38,867 | €59,892 | +€21,024 | +54.1% |
| Tangible fixed assets | 22/27 | €12,867 | €9,892 | -€2,976 | -23.1% |
| Furniture and vehicles | 24 | €4,445 | €2,925 | -€1,520 | -34.2% |
| Other tangible fixed assets | 26 | €8,422 | €6,967 | -€1,456 | -17.3% |
| Financial fixed assets | 28 | €26,000 | €50,000 | +€24,000 | +92.3% |
| Current assets | 29/58 | €63,145 | €64,762 | +€1,617 | +2.6% |
| Amounts receivable within one year | 40/41 | €58,190 | €61,342 | +€3,152 | +5.4% |
| Trade receivables | 40 | €22,957 | €9,730 | -€13,227 | -57.6% |
| Other amounts receivable | 41 | €35,233 | €51,612 | +€16,379 | +46.5% |
| Cash at bank and in hand | 54/58 | - | €2,888 | +€2,888 | |
| Deferred charges and accrued income | 490/1 | €4,955 | €532 | -€4,423 | -89.3% |
| Total equity and liabilities | 10/49 | €102,012 | €124,654 | +€22,642 | +22.2% |
| Equity | 10/15 | €26,890 | -€2,180 | -€29,070 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €26,222 | €3,770 | -€22,452 | -85.6% |
| Non-distributable reserves | 130/1 | €1,434 | €0 | -€1,434 | -100% |
| Reserves not available under the articles | 1311 | €1,434 | €0 | -€1,434 | -100% |
| Distributable reserves | 133 | €24,788 | €3,770 | -€21,018 | -84.8% |
| Profit (loss) carried forward | 14 | -€5,532 | -€12,150 | -€6,618 | -120% |
| Amounts payable | 17/49 | €75,122 | €126,834 | +€51,712 | +68.8% |
| Amounts payable after more than one year | 17 | €37,249 | €24,069 | -€13,180 | -35.4% |
| Financial debts | 170/4 | €37,249 | €24,069 | -€13,180 | -35.4% |
| Amounts payable within one year | 42/48 | €37,754 | €100,598 | +€62,845 | +166% |
| Current portion of amounts payable after more than one year | 42 | €20,946 | €15,706 | -€5,241 | -25.0% |
| Financial debts | 43 | €5,147 | €0 | -€5,147 | -100% |
| Credit institutions | 430/8 | €5,147 | €0 | -€5,147 | -100% |
| Trade debts | 44 | €4,971 | €1,284 | -€3,687 | -74.2% |
| Suppliers | 440/4 | €4,971 | €1,284 | -€3,687 | -74.2% |
| Taxes, remuneration and social security | 45 | €6,690 | €8,840 | +€2,150 | +32.1% |
| Taxes | 450/3 | €6,690 | €8,840 | +€2,150 | +32.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | - | €74,769 | +€74,769 | |
| Accrued charges and deferred income | 492/3 | €120 | €2,167 | +€2,047 | +1,712% |
| Non-recurring operating income | 76A | - | €13,487 | +€13,487 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,976 | €2,976 | +€0 | 0.0% |
| Other operating charges | 640/8 | €118 | €688 | +€570 | +483% |
| Gross operating margin | 9900 | -€856 | €16,090 | +€16,946 | |
| Operating profit (loss) | 9901 | -€3,950 | €12,426 | +€16,376 | |
| Financial income | 75/76B | €2,685 | €3,289 | +€604 | +22.5% |
| Recurring financial income | 75 | €2,685 | €3,289 | +€604 | +22.5% |
| Financial charges | 65/66B | €3,812 | €21,903 | +€18,091 | +475% |
| Recurring financial charges | 65 | €3,812 | €5,903 | +€2,091 | +54.8% |
| Non-recurring financial charges | 66B | - | €16,000 | +€16,000 | |
| Profit (loss) for the period before taxes | 9903 | -€5,077 | -€6,188 | -€1,111 | -21.9% |
| Income taxes | 67/77 | €455 | €2,392 | +€1,937 | +426% |
| Profit (loss) for the period | 9904 | -€5,532 | -€8,580 | -€3,048 | -55.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,532 | -€8,580 | -€3,048 | -55.1% |
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.