SUNIL RAM: 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.
SUNIL RAM
Largest movements
- Intangible fixed assets -€43,203
down €43,203 (-13.2%), from €327,399 to €284,196
- Deferred charges and accrued income +€38,140
up €38,140 (+452.8%), from €8,424 to €46,564
- Cash +€37,835
up €37,835 (+42.5%), from €88,979 to €126,814
mainly Depreciation (+€67,981) and Net result for the year (+€65,255)
- Receivables after one year +€10,257
up €10,257 (+33.7%), from €30,467 to €40,724
- Profit (loss) carried forward +€65,255
up €65,255 (+128.3%), from €50,844 to €116,099
- Debts after one year -€44,444
down €44,444 (-10.3%), from €430,799 to €386,354
- Tax, wage and social debts +€15,620
up €15,620 (+30.4%), from €51,431 to €67,051
of which Remuneration and social security: +€11,936
- Current portion of long-term debt +€8,254
up €8,254 (+14.7%), from €56,271 to €64,524
- Gross operating margin +€109,500
up €109,500 (+45.2%), from €242,455 to €351,955
- Staff costs +€25,853
up €25,853 (+16.9%), from €152,930 to €178,782
- Taxes +€16,213
up €16,213 (+251.1%), from €6,456 to €22,669
- Financial charges +€11,504
up €11,504 (+563.1%), from €2,043 to €13,547
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 | €617,419 | €658,116 | +€40,697 | +6.6% |
| Fixed assets | 21/28 | €489,147 | €443,265 | -€45,882 | -9.4% |
| Intangible fixed assets | 21 | €327,399 | €284,196 | -€43,203 | -13.2% |
| Tangible fixed assets | 22/27 | €161,312 | €158,633 | -€2,679 | -1.7% |
| Land and buildings | 22 | - | €20,412 | +€20,412 | |
| Plant, machinery and equipment | 23 | €2,244 | €1,880 | -€364 | -16.2% |
| Furniture and vehicles | 24 | €157,368 | €134,642 | -€22,727 | -14.4% |
| Other tangible fixed assets | 26 | €1,700 | €1,700 | = | 0.0% |
| Financial fixed assets | 28 | €436 | €436 | = | 0.0% |
| Current assets | 29/58 | €128,272 | €214,851 | +€86,579 | +67.5% |
| Amounts receivable after more than one year | 29 | €30,467 | €40,724 | +€10,257 | +33.7% |
| Other amounts receivable | 291 | €30,467 | €40,724 | +€10,257 | +33.7% |
| Amounts receivable within one year | 40/41 | €402 | €749 | +€347 | +86.5% |
| Other amounts receivable | 41 | €402 | €749 | +€347 | +86.5% |
| Cash at bank and in hand | 54/58 | €88,979 | €126,814 | +€37,835 | +42.5% |
| Deferred charges and accrued income | 490/1 | €8,424 | €46,564 | +€38,140 | +452.8% |
| Total equity and liabilities | 10/49 | €617,419 | €658,116 | +€40,697 | +6.6% |
| Equity | 10/15 | €63,344 | €128,599 | +€65,255 | +103.0% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,844 | €116,099 | +€65,255 | +128.3% |
| Amounts payable | 17/49 | €554,074 | €529,516 | -€24,558 | -4.4% |
| Amounts payable after more than one year | 17 | €430,799 | €386,354 | -€44,444 | -10.3% |
| Financial debts | 170/4 | €430,799 | €386,354 | -€44,444 | -10.3% |
| Amounts payable within one year | 42/48 | €123,275 | €143,162 | +€19,887 | +16.1% |
| Current portion of amounts payable after more than one year | 42 | €56,271 | €64,524 | +€8,254 | +14.7% |
| Trade debts | 44 | €15,574 | €11,587 | -€3,987 | -25.6% |
| Suppliers | 440/4 | €15,574 | €11,587 | -€3,987 | -25.6% |
| Taxes, remuneration and social security | 45 | €51,431 | €67,051 | +€15,620 | +30.4% |
| Taxes | 450/3 | €29,734 | €33,418 | +€3,684 | +12.4% |
| Remuneration and social security | 454/9 | €21,697 | €33,633 | +€11,936 | +55.0% |
| Remuneration, social security and pensions | 62 | €152,930 | €178,782 | +€25,853 | +16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,353 | €67,981 | +€628 | +0.9% |
| Other operating charges | 640/8 | €3,450 | €4,993 | +€1,543 | +44.7% |
| Gross operating margin | 9900 | €242,455 | €351,955 | +€109,500 | +45.2% |
| Operating profit (loss) | 9901 | €18,722 | €100,199 | +€81,477 | +435.2% |
| Financial income | 75/76B | €707 | €1,272 | +€565 | +80.0% |
| Recurring financial income | 75 | €707 | €1,272 | +€565 | +80.0% |
| Financial charges | 65/66B | €2,043 | €13,547 | +€11,504 | +563.1% |
| Recurring financial charges | 65 | €2,043 | €13,547 | +€11,504 | +563.1% |
| Profit (loss) for the period before taxes | 9903 | €17,385 | €87,923 | +€70,538 | +405.7% |
| Income taxes | 67/77 | €6,456 | €22,669 | +€16,213 | +251.1% |
| Profit (loss) for the period | 9904 | €10,929 | €65,255 | +€54,325 | +497.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,929 | €65,255 | +€54,325 | +497.1% |
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 1 October 2026 via checked.be.