RAMUZI: 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.
RAMUZI
Largest movements
- Receivables within one year +€62,027
up €62,027 (+90.5%), from €68,511 to €130,537
of which Trade receivables: +€36,799
- Tangible fixed assets -€13,345
down €13,345 (-15.3%), from €87,070 to €73,725
of which Plant, machinery and equipment: -€9,345
- Trade debts +€20,976
up €20,976 (+29.8%), from €70,314 to €91,290
- Accrued charges and deferred income +€16,667
new in 2025: €16,667
- Tax, wage and social debts +€12,369
up €12,369 (+49.5%), from €24,994 to €37,363
of which Taxes: +€8,526
- Debts after one year -€4,630
down €4,630 (-100.0%), from €4,630 to €0
- Reserves +€3,991
up €3,991 (+6.4%), from €62,519 to €66,509
- Staff costs +€25,405
up €25,405 (+58.1%), from €43,691 to €69,096
- Other operating charges +€18,007
up €18,007 (+2043.1%), from €881 to €18,888
- Gross operating margin +€9,011
up €9,011 (+8.4%), from €107,641 to €116,651
- Taxes -€5,058
down €5,058 (-54.3%), from €9,307 to €4,249
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 | €185,186 | €231,459 | +€46,273 | +25.0% |
| Fixed assets | 21/28 | €87,070 | €73,725 | -€13,345 | -15.3% |
| Tangible fixed assets | 22/27 | €87,070 | €73,725 | -€13,345 | -15.3% |
| Plant, machinery and equipment | 23 | €77,403 | €68,058 | -€9,345 | -12.1% |
| Furniture and vehicles | 24 | €9,667 | €5,667 | -€4,000 | -41.4% |
| Current assets | 29/58 | €98,117 | €157,734 | +€59,618 | +60.8% |
| Amounts receivable after more than one year | 29 | - | €500 | +€500 | |
| Other amounts receivable | 291 | - | €500 | +€500 | |
| Stocks and contracts in progress | 3 | €25,000 | €22,898 | -€2,102 | -8.4% |
| Stocks | 30/36 | €25,000 | €22,898 | -€2,102 | -8.4% |
| Amounts receivable within one year | 40/41 | €68,511 | €130,537 | +€62,027 | +90.5% |
| Trade receivables | 40 | €11,883 | €48,682 | +€36,799 | +309.7% |
| Other amounts receivable | 41 | €56,628 | €81,856 | +€25,228 | +44.6% |
| Cash at bank and in hand | 54/58 | €4,606 | €3,799 | -€807 | -17.5% |
| Total equity and liabilities | 10/49 | €185,186 | €231,459 | +€46,273 | +25.0% |
| Equity | 10/15 | €77,519 | €81,509 | +€3,991 | +5.1% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €62,519 | €66,509 | +€3,991 | +6.4% |
| Distributable reserves | 133 | €62,519 | €66,509 | +€3,991 | +6.4% |
| Amounts payable | 17/49 | €107,668 | €149,950 | +€42,282 | +39.3% |
| Amounts payable after more than one year | 17 | €4,630 | €0 | -€4,630 | -100.0% |
| Financial debts | 170/4 | €4,630 | €0 | -€4,630 | -100.0% |
| Amounts payable within one year | 42/48 | €103,037 | €133,283 | +€30,246 | +29.4% |
| Current portion of amounts payable after more than one year | 42 | €7,729 | €4,630 | -€3,099 | -40.1% |
| Trade debts | 44 | €70,314 | €91,290 | +€20,976 | +29.8% |
| Suppliers | 440/4 | €70,314 | €91,290 | +€20,976 | +29.8% |
| Taxes, remuneration and social security | 45 | €24,994 | €37,363 | +€12,369 | +49.5% |
| Taxes | 450/3 | €19,950 | €28,476 | +€8,526 | +42.7% |
| Remuneration and social security | 454/9 | €5,044 | €8,887 | +€3,843 | +76.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €16,667 | +€16,667 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €43,691 | €69,096 | +€25,405 | +58.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,815 | €19,634 | +€819 | +4.4% |
| Other operating charges | 640/8 | €881 | €18,888 | +€18,007 | +2043.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €107,641 | €116,651 | +€9,011 | +8.4% |
| Operating profit (loss) | 9901 | €44,253 | €9,032 | -€35,221 | -79.6% |
| Financial income | 75/76B | €3,866 | €3,179 | -€687 | -17.8% |
| Recurring financial income | 75 | €3,866 | €3,179 | -€687 | -17.8% |
| Financial charges | 65/66B | €5,022 | €3,971 | -€1,051 | -20.9% |
| Recurring financial charges | 65 | €5,022 | €3,971 | -€1,051 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €43,097 | €8,240 | -€34,857 | -80.9% |
| Income taxes | 67/77 | €9,307 | €4,249 | -€5,058 | -54.3% |
| Profit (loss) for the period | 9904 | €33,790 | €3,991 | -€29,799 | -88.2% |
| Profit (loss) for the period to be appropriated | 9905 | €33,790 | €3,991 | -€29,799 | -88.2% |
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 11 October 2026 via checked.be.