RANOMAX: 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.
RANOMAX
Largest movements
- Receivables within one year +€2.1m
up €2.1m (+51.8%), from €4.1m to €6.3m
of which Trade receivables: +€1.7m
- Cash +€1.2m
up €1.2m (+43.4%), from €2.8m to €4.0m
mainly Net result for the year (+€5.1m) and Tax, wage and social debts (+€225,984)
- Financial fixed assets +€1.0m
up €1.0m (+72.9%), from €1.4m to €2.4m
- Receivables after one year +€496,606
up €496,606 (+10.9%), from €4.6m to €5.1m
- Reserves +€4.7m
up €4.7m (+36.9%), from €12.6m to €17.3m
of which Distributable reserves: +€4.7m
- Tax, wage and social debts +€225,984
up €225,984 (+86.2%), from €262,303 to €488,286
- Financial income +€2.4m
up €2.4m (+73.8%), from €3.2m to €5.6m
- Taxes +€217,571
up €217,571 (+75.2%), from €289,215 to €506,786
- Financial charges +€14,395
up €14,395 (+5748.1%), from €250 to €14,645
of which Financial charges: +€14,395
- Gross operating margin +€8,528
up €8,528 (+12.4%), from -€68,843 to -€60,316
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 | €12,900,061 | €17,777,558 | +€4.9m | +37.8% |
| Fixed assets | 21/28 | €1,394,698 | €2,411,682 | +€1.0m | +72.9% |
| Financial fixed assets | 28 | €1,394,698 | €2,411,682 | +€1.0m | +72.9% |
| Current assets | 29/58 | €11,505,363 | €15,365,875 | +€3.9m | +33.6% |
| Amounts receivable after more than one year | 29 | €4,576,106 | €5,072,713 | +€496,606 | +10.9% |
| Other amounts receivable | 291 | €4,576,106 | €5,072,713 | +€496,606 | +10.9% |
| Amounts receivable within one year | 40/41 | €4,119,173 | €6,251,925 | +€2.1m | +51.8% |
| Trade receivables | 40 | €1,398,081 | €3,051,233 | +€1.7m | +118.2% |
| Other amounts receivable | 41 | €2,721,093 | €3,200,693 | +€479,600 | +17.6% |
| Cash at bank and in hand | 54/58 | €2,810,083 | €4,029,629 | +€1.2m | +43.4% |
| Deferred charges and accrued income | 490/1 | - | €11,609 | +€11,609 | |
| Total equity and liabilities | 10/49 | €12,900,061 | €17,777,558 | +€4.9m | +37.8% |
| Equity | 10/15 | €12,635,181 | €17,286,682 | +€4.7m | +36.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €12,616,631 | €17,268,132 | +€4.7m | +36.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €12,616,631 | €17,268,132 | +€4.7m | +36.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €264,880 | €490,876 | +€225,996 | +85.3% |
| Amounts payable within one year | 42/48 | €264,880 | €490,876 | +€225,996 | +85.3% |
| Trade debts | 44 | €2,577 | €2,589 | +€12 | +0.5% |
| Suppliers | 440/4 | €2,577 | €2,589 | +€12 | +0.5% |
| Taxes, remuneration and social security | 45 | €262,303 | €488,286 | +€225,984 | +86.2% |
| Taxes | 450/3 | €262,303 | €488,286 | +€225,984 | +86.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €2,569 | €2,494 | -€75 | -2.9% |
| Gross operating margin | 9900 | -€68,843 | -€60,316 | +€8,528 | +12.4% |
| Operating profit (loss) | 9901 | -€71,413 | -€62,810 | +€8,603 | +12.0% |
| Financial income | 75/76B | €3,249,490 | €5,648,404 | +€2.4m | +73.8% |
| Recurring financial income | 75 | €3,249,490 | €5,648,404 | +€2.4m | +73.8% |
| Financial charges | 65/66B | €250 | €14,645 | +€14,395 | +5748.1% |
| Recurring financial charges | 65 | €250 | €14,645 | +€14,395 | +5748.1% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €3,177,827 | €5,570,949 | +€2.4m | +75.3% |
| Income taxes | 67/77 | €289,215 | €506,786 | +€217,571 | +75.2% |
| Profit (loss) for the period | 9904 | €2,888,612 | €5,064,163 | +€2.2m | +75.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,888,612 | €5,064,163 | +€2.2m | +75.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.