Services Ramirez Renovation: 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.
Services Ramirez Renovation
Largest movements
- Receivables within one year -€56,793
down €56,793 (-51.5%), from €110,275 to €53,482
of which Trade receivables: -€30,857
- Tangible fixed assets +€1,972
up €1,972 (+12.0%), from €16,426 to €18,398
of which Furniture and vehicles: +€2,102
- Trade debts -€65,523
down €65,523 (-99.5%), from €65,821 to €298
- Profit (loss) carried forward +€11,081
up €11,081 (+23.2%), from €47,782 to €58,863
- Tax, wage and social debts -€2,000
down €2,000 (-15.2%), from €13,200 to €11,200
- Turnover -€19,087
down €19,087 (-21.5%), from €88,961 to €69,874
- Gross operating margin -€13,806
down €13,806 (-41.2%), from €33,521 to €19,715
- Purchases and services -€6,840
down €6,840 (-11.4%), from €59,977 to €53,137
- Taxes -€3,500
down €3,500 (-53.8%), from €6,500 to €3,000
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 | €128,803 | €72,361 | -€56,442 | -43.8% |
| Formation expenses | 20 | €678 | €459 | -€219 | -32.3% |
| Fixed assets | 21/28 | €16,426 | €18,398 | +€1,972 | +12.0% |
| Tangible fixed assets | 22/27 | €16,426 | €18,398 | +€1,972 | +12.0% |
| Plant, machinery and equipment | 23 | €431 | €301 | -€130 | -30.2% |
| Furniture and vehicles | 24 | €15,995 | €18,097 | +€2,102 | +13.1% |
| Current assets | 29/58 | €111,699 | €53,504 | -€58,195 | -52.1% |
| Amounts receivable within one year | 40/41 | €110,275 | €53,482 | -€56,793 | -51.5% |
| Trade receivables | 40 | €40,434 | €9,577 | -€30,857 | -76.3% |
| Other amounts receivable | 41 | €69,841 | €43,905 | -€25,936 | -37.1% |
| Cash at bank and in hand | 54/58 | €367 | €22 | -€345 | -94.0% |
| Deferred charges and accrued income | 490/1 | €1,057 | - | -€1,057 | |
| Total equity and liabilities | 10/49 | €128,803 | €72,361 | -€56,442 | -43.8% |
| Equity | 10/15 | €49,782 | €60,863 | +€11,081 | +22.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,782 | €58,863 | +€11,081 | +23.2% |
| Amounts payable | 17/49 | €79,021 | €11,498 | -€67,523 | -85.4% |
| Amounts payable within one year | 42/48 | €79,021 | €11,498 | -€67,523 | -85.4% |
| Trade debts | 44 | €65,821 | €298 | -€65,523 | -99.5% |
| Suppliers | 440/4 | €65,821 | €298 | -€65,523 | -99.5% |
| Taxes, remuneration and social security | 45 | €13,200 | €11,200 | -€2,000 | -15.2% |
| Taxes | 450/3 | €13,200 | €11,200 | -€2,000 | -15.2% |
| Turnover | 70 | €88,961 | €69,874 | -€19,087 | -21.5% |
| Non-recurring operating income | 76A | €4,537 | €2,978 | -€1,559 | -34.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €59,977 | €53,137 | -€6,840 | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,960 | €5,107 | +€147 | +3.0% |
| Other operating charges | 640/8 | €294 | €75 | -€219 | -74.5% |
| Non-recurring operating charges | 66A | €491 | - | -€491 | |
| Gross operating margin | 9900 | €33,521 | €19,715 | -€13,806 | -41.2% |
| Operating profit (loss) | 9901 | €27,776 | €14,533 | -€13,243 | -47.7% |
| Financial charges | 65/66B | €176 | €452 | +€276 | +157% |
| Recurring financial charges | 65 | €176 | €199 | +€23 | +13.1% |
| Non-recurring financial charges | 66B | - | €253 | +€253 | |
| Profit (loss) for the period before taxes | 9903 | €27,600 | €14,081 | -€13,519 | -49.0% |
| Income taxes | 67/77 | €6,500 | €3,000 | -€3,500 | -53.8% |
| Profit (loss) for the period | 9904 | €21,100 | €11,081 | -€10,019 | -47.5% |
| Profit (loss) for the period to be appropriated | 9905 | €21,100 | €11,081 | -€10,019 | -47.5% |
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 24 October 2026 via checked.be.