SR Ramo: 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.
SR Ramo
Largest movements
- Receivables within one year -€78,209
down €78,209 (-33.0%), from €236,870 to €158,661
of which Other amounts receivable: -€78,209
- Cash +€19,740
up €19,740 (+25.5%), from €77,521 to €97,262
mainly Receivables within one year (+€78,209) and Tax, wage and social debts (+€6,707)
- Profit (loss) carried forward -€65,754
down €65,754 (-21.7%), from €302,805 to €237,051
- Tax, wage and social debts +€6,707
up €6,707 (+276.1%), from €2,429 to €9,136
- Taxes +€61,100
up €61,100 (+509.2%), from €12,000 to €73,100
- Financial charges -€60,102
no longer reported in 2025 (was €60,102)
of which Non-recurring financial charges: -€60,000
- Gross operating margin +€8,530
up €8,530 (+311.6%), from €2,737 to €11,267
- Other operating charges -€3,745
down €3,745 (-48.9%), from €7,666 to €3,921
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 | €325,694 | €267,226 | -€58,468 | -18.0% |
| Fixed assets | 21/28 | €3,962 | €3,962 | = | 0.0% |
| Financial fixed assets | 28 | €3,962 | €3,962 | = | 0.0% |
| Current assets | 29/58 | €321,732 | €263,264 | -€58,468 | -18.2% |
| Stocks and contracts in progress | 3 | €7,341 | €7,341 | = | 0.0% |
| Stocks | 30/36 | €7,341 | €7,341 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €236,870 | €158,661 | -€78,209 | -33.0% |
| Trade receivables | 40 | €40,000 | €40,000 | = | 0.0% |
| Other amounts receivable | 41 | €196,870 | €118,661 | -€78,209 | -39.7% |
| Cash at bank and in hand | 54/58 | €77,521 | €97,262 | +€19,740 | +25.5% |
| Total equity and liabilities | 10/49 | €325,694 | €267,226 | -€58,468 | -18.0% |
| Equity | 10/15 | €323,265 | €257,511 | -€65,754 | -20.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | - | €18,600 | +€18,600 | |
| Share premium | 1100/10 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €302,805 | €237,051 | -€65,754 | -21.7% |
| Amounts payable | 17/49 | €2,429 | €9,715 | +€7,285 | +299.9% |
| Amounts payable within one year | 42/48 | €2,429 | €9,715 | +€7,285 | +299.9% |
| Trade debts | 44 | - | €579 | +€579 | |
| Suppliers | 440/4 | - | €579 | +€579 | |
| Taxes, remuneration and social security | 45 | €2,429 | €9,136 | +€6,707 | +276.1% |
| Taxes | 450/3 | €2,429 | €9,136 | +€6,707 | +276.1% |
| Other operating charges | 640/8 | €7,666 | €3,921 | -€3,745 | -48.9% |
| Gross operating margin | 9900 | €2,737 | €11,267 | +€8,530 | +311.6% |
| Operating profit (loss) | 9901 | -€4,929 | €7,346 | +€12,275 | |
| Financial charges | 65/66B | €60,102 | - | -€60,102 | |
| Recurring financial charges | 65 | €102 | - | -€102 | |
| Non-recurring financial charges | 66B | €60,000 | - | -€60,000 | |
| Profit (loss) for the period before taxes | 9903 | -€65,031 | €7,346 | +€72,377 | |
| Income taxes | 67/77 | €12,000 | €73,100 | +€61,100 | +509.2% |
| Profit (loss) for the period | 9904 | -€77,031 | -€65,754 | +€11,277 | +14.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€77,031 | -€65,754 | +€11,277 | +14.6% |
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 8 October 2026 via checked.be.