La Rondinella: what changed
La Rondinella
Largest movements
- Receivables within one year -€31,310
down €31,310 (-92.8%), from €33,755 to €2,444
- Receivables after one year -€30,591
down €30,591 (-68.3%), from €44,818 to €14,227
- Tangible fixed assets -€21,927
down €21,927 (-14.9%), from €146,958 to €125,031
of which Plant, machinery and equipment: -€21,927
- Cash -€10,662
down €10,662 (-40.3%), from €26,430 to €15,768
mainly Net result for the year (-€45,671) and Trade debts (-€29,615)
- Reserves -€32,226
down €32,226 (-86.7%), from €37,184 to €4,958
of which Distributable reserves: -€32,226
- Trade debts -€29,615
down €29,615 (-50.1%), from €59,066 to €29,451
- Debts after one year -€15,731
down €15,731 (-39.9%), from €39,387 to €23,655
- Profit (loss) carried forward -€13,445
down €13,445 (-294%), from -€4,575 to -€18,020
- Other debts -€8,157
down €8,157 (-16.7%), from €48,891 to €40,734
- Turnover +€61,532
up €61,532 (+11.5%), from €534,495 to €596,027
- Gross operating margin +€52,028
up €52,028 (+75.2%), from €69,201 to €121,229
- Staff costs +€21,621
up €21,621 (+19.4%), from €111,486 to €133,107
- Write-downs -€14,101
no longer reported in 2025 (was €14,101)
- Purchases and services +€9,503
up €9,503 (+2.0%), from €465,294 to €474,798
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €252,157 | €157,680 | -€94,477 | -37.5% |
| Fixed assets | 21/28 | €146,958 | €125,031 | -€21,927 | -14.9% |
| Tangible fixed assets | 22/27 | €146,958 | €125,031 | -€21,927 | -14.9% |
| Plant, machinery and equipment | 23 | €146,958 | €125,031 | -€21,927 | -14.9% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €105,199 | €32,649 | -€72,549 | -69.0% |
| Amounts receivable after more than one year | 29 | €44,818 | €14,227 | -€30,591 | -68.3% |
| Trade receivables | 290 | €44,818 | €14,227 | -€30,591 | -68.3% |
| Amounts receivable within one year | 40/41 | €33,755 | €2,444 | -€31,310 | -92.8% |
| Other amounts receivable | 41 | €33,755 | €2,444 | -€31,310 | -92.8% |
| Cash at bank and in hand | 54/58 | €26,430 | €15,768 | -€10,662 | -40.3% |
| Deferred charges and accrued income | 490/1 | €196 | €211 | +€15 | +7.4% |
| Total equity and liabilities | 10/49 | €252,157 | €157,680 | -€94,477 | -37.5% |
| Equity | 10/15 | €82,187 | €36,516 | -€45,671 | -55.6% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Capital | 10 | €49,579 | €49,579 | = | 0.0% |
| Issued capital | 100 | €49,579 | €49,579 | = | 0.0% |
| Reserves | 13 | €37,184 | €4,958 | -€32,226 | -86.7% |
| Non-distributable reserves | 130/1 | €4,958 | €4,958 | = | 0.0% |
| Legal reserve | 130 | €4,958 | €4,958 | = | 0.0% |
| Distributable reserves | 133 | €32,226 | €0 | -€32,226 | -100% |
| Profit (loss) carried forward | 14 | -€4,575 | -€18,020 | -€13,445 | -294% |
| Amounts payable | 17/49 | €169,970 | €121,164 | -€48,806 | -28.7% |
| Amounts payable after more than one year | 17 | €39,387 | €23,655 | -€15,731 | -39.9% |
| Financial debts | 170/4 | €39,387 | €23,655 | -€15,731 | -39.9% |
| Amounts payable within one year | 42/48 | €130,583 | €97,509 | -€33,075 | -25.3% |
| Current portion of amounts payable after more than one year | 42 | €14,975 | €15,731 | +€756 | +5.0% |
| Trade debts | 44 | €59,066 | €29,451 | -€29,615 | -50.1% |
| Suppliers | 440/4 | €59,066 | €29,451 | -€29,615 | -50.1% |
| Taxes, remuneration and social security | 45 | €7,651 | €11,593 | +€3,942 | +51.5% |
| Taxes | 450/3 | €274 | €1,203 | +€929 | +339% |
| Remuneration and social security | 454/9 | €7,377 | €10,390 | +€3,013 | +40.8% |
| Other amounts payable | 47/48 | €48,891 | €40,734 | -€8,157 | -16.7% |
| Turnover | 70 | €534,495 | €596,027 | +€61,532 | +11.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €465,294 | €474,798 | +€9,503 | +2.0% |
| Remuneration, social security and pensions | 62 | €111,486 | €133,107 | +€21,621 | +19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,013 | €21,927 | -€2,086 | -8.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,101 | - | -€14,101 | |
| Other operating charges | 640/8 | €2,484 | €7,692 | +€5,208 | +210% |
| Gross operating margin | 9900 | €69,201 | €121,229 | +€52,028 | +75.2% |
| Operating profit (loss) | 9901 | -€82,883 | -€41,497 | +€41,386 | +49.9% |
| Financial income | 75/76B | €68 | €6 | -€62 | -91.1% |
| Recurring financial income | 75 | €68 | €6 | -€62 | -91.1% |
| Financial charges | 65/66B | €5,411 | €4,106 | -€1,305 | -24.1% |
| Recurring financial charges | 65 | €5,411 | €4,106 | -€1,305 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | -€88,226 | -€45,597 | +€42,629 | +48.3% |
| Income taxes | 67/77 | -€1,798 | €74 | +€1,872 | |
| Profit (loss) for the period | 9904 | -€86,428 | -€45,671 | +€40,757 | +47.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€86,428 | -€45,671 | +€40,757 | +47.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.