Ripetro Ramsel: 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.
Ripetro Ramsel
Largest movements
- Stocks and contracts -€47,355
down €47,355 (-47.7%), from €99,258 to €51,904
- Receivables within one year +€35,850
up €35,850 (+16.8%), from €214,002 to €249,852
of which Other amounts receivable: +€35,230
- Tangible fixed assets -€8,547
down €8,547 (-19.1%), from €44,636 to €36,089
of which Plant, machinery and equipment: -€6,782
- Cash -€7,845
down €7,845 (-100%), from €7,845 to €0
mainly Receivables within one year (-€35,850) and Other debts (-€32,277)
- Current investments +€4,556
new in 2025: €4,556
- Other debts -€32,277
down €32,277 (-9.7%), from €331,128 to €298,851
- Trade debts +€24,906
up €24,906 (+20.5%), from €121,288 to €146,194
- Profit (loss) carried forward -€22,986
down €22,986 (-13.4%), from -€172,132 to -€195,117
- Tax, wage and social debts +€9,337
up €9,337 (+95.0%), from €9,833 to €19,170
of which Taxes: +€10,419
- Debts after one year -€6,228
down €6,228 (-26.5%), from €23,502 to €17,274
- Staff costs -€12,351
down €12,351 (-22.5%), from €54,846 to €42,495
- Gross operating margin +€7,034
up €7,034 (+21.7%), from €32,395 to €39,429
- Other operating charges +€1,747
up €1,747 (+63.1%), from €2,767 to €4,514
- Financial charges -€1,209
down €1,209 (-19.2%), from €6,305 to €5,096
- Depreciation -€488
down €488 (-4.5%), from €10,832 to €10,344
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 | €367,711 | €345,101 | -€22,610 | -6.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €46,136 | €38,389 | -€7,747 | -16.8% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €44,636 | €36,089 | -€8,547 | -19.1% |
| Land and buildings | 22 | €2,494 | €2,128 | -€365 | -14.7% |
| Plant, machinery and equipment | 23 | €33,782 | €27,000 | -€6,782 | -20.1% |
| Furniture and vehicles | 24 | €1,089 | €157 | -€932 | -85.6% |
| Other tangible fixed assets | 26 | €7,273 | €6,805 | -€468 | -6.4% |
| Financial fixed assets | 28 | €1,500 | €2,300 | +€800 | +53.3% |
| Current assets | 29/58 | €321,575 | €306,712 | -€14,863 | -4.6% |
| Stocks and contracts in progress | 3 | €99,258 | €51,904 | -€47,355 | -47.7% |
| Stocks | 30/36 | €99,258 | €51,904 | -€47,355 | -47.7% |
| Amounts receivable within one year | 40/41 | €214,002 | €249,852 | +€35,850 | +16.8% |
| Trade receivables | 40 | €120,382 | €121,002 | +€620 | +0.5% |
| Other amounts receivable | 41 | €93,620 | €128,850 | +€35,230 | +37.6% |
| Current investments | 50/53 | - | €4,556 | +€4,556 | |
| Cash at bank and in hand | 54/58 | €7,845 | €0 | -€7,845 | -100% |
| Deferred charges and accrued income | 490/1 | €469 | €399 | -€70 | -14.9% |
| Total equity and liabilities | 10/49 | €367,711 | €345,101 | -€22,610 | -6.1% |
| Equity | 10/15 | -€150,132 | -€173,117 | -€22,986 | -15.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€172,132 | -€195,117 | -€22,986 | -13.4% |
| Amounts payable | 17/49 | €517,843 | €518,218 | +€376 | +0.1% |
| Amounts payable after more than one year | 17 | €23,502 | €17,274 | -€6,228 | -26.5% |
| Financial debts | 170/4 | €23,502 | €17,274 | -€6,228 | -26.5% |
| Amounts payable within one year | 42/48 | €494,341 | €500,944 | +€6,604 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €6,096 | €6,228 | +€132 | +2.2% |
| Financial debts | 43 | €24,354 | €29,842 | +€5,487 | +22.5% |
| Credit institutions | 430/8 | €24,354 | €29,842 | +€5,487 | +22.5% |
| Trade debts | 44 | €121,288 | €146,194 | +€24,906 | +20.5% |
| Suppliers | 440/4 | €121,288 | €146,194 | +€24,906 | +20.5% |
| Advances received on contracts in progress | 46 | €1,640 | €659 | -€981 | -59.8% |
| Taxes, remuneration and social security | 45 | €9,833 | €19,170 | +€9,337 | +95.0% |
| Taxes | 450/3 | €457 | €10,876 | +€10,419 | +2,278% |
| Remuneration and social security | 454/9 | €9,376 | €8,294 | -€1,082 | -11.5% |
| Other amounts payable | 47/48 | €331,128 | €298,851 | -€32,277 | -9.7% |
| Remuneration, social security and pensions | 62 | €54,846 | €42,495 | -€12,351 | -22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,832 | €10,344 | -€488 | -4.5% |
| Other operating charges | 640/8 | €2,767 | €4,514 | +€1,747 | +63.1% |
| Gross operating margin | 9900 | €32,395 | €39,429 | +€7,034 | +21.7% |
| Operating profit (loss) | 9901 | -€36,050 | -€17,924 | +€18,126 | +50.3% |
| Financial income | 75/76B | €20 | €34 | +€14 | +70.9% |
| Recurring financial income | 75 | €20 | €34 | +€14 | +70.9% |
| Financial charges | 65/66B | €6,305 | €5,096 | -€1,209 | -19.2% |
| Recurring financial charges | 65 | €6,305 | €5,096 | -€1,209 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | -€42,335 | -€22,986 | +€19,350 | +45.7% |
| Profit (loss) for the period | 9904 | -€42,335 | -€22,986 | +€19,350 | +45.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,335 | -€22,986 | +€19,350 | +45.7% |
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.