RON INVEST: 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.
RON INVEST
Largest movements
- Tangible fixed assets -€85,254
down €85,254 (-7.8%), from €1.1m to €1.0m
- Receivables after one year -€20,476
no longer reported in 2025 (was €20,476)
of which Other amounts receivable: -€12,436
- Profit (loss) carried forward -€86,740
down €86,740 (-19.8%), from -€437,767 to -€524,507
- Debts after one year -€32,709
down €32,709 (-2.3%), from €1.4m to €1.4m
- Trade debts +€11,950
up €11,950 (+126%), from €9,513 to €21,463
- Gross operating margin -€241,304
down €241,304 (-90.4%), from €266,942 to €25,639
- Depreciation -€12,950
down €12,950 (-29.0%), from €44,665 to €31,714
- Financial charges -€4,496
down €4,496 (-19.9%), from €22,592 to €18,096
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 | €1,111,540 | €1,014,590 | -€96,950 | -8.7% |
| Fixed assets | 21/28 | €1,089,564 | €1,004,310 | -€85,254 | -7.8% |
| Tangible fixed assets | 22/27 | €1,089,564 | €1,004,310 | -€85,254 | -7.8% |
| Land and buildings | 22 | €1,089,564 | €1,004,310 | -€85,254 | -7.8% |
| Current assets | 29/58 | €21,976 | €10,280 | -€11,697 | -53.2% |
| Amounts receivable after more than one year | 29 | €20,476 | - | -€20,476 | |
| Trade receivables | 290 | €8,040 | - | -€8,040 | |
| Other amounts receivable | 291 | €12,436 | - | -€12,436 | |
| Amounts receivable within one year | 40/41 | - | €10,185 | +€10,185 | |
| Trade receivables | 40 | - | €10,185 | +€10,185 | |
| Cash at bank and in hand | 54/58 | €1 | €95 | +€94 | +10,457% |
| Deferred charges and accrued income | 490/1 | €1,500 | - | -€1,500 | |
| Total equity and liabilities | 10/49 | €1,111,540 | €1,014,590 | -€96,950 | -8.7% |
| Equity | 10/15 | -€350,267 | -€437,007 | -€86,740 | -24.8% |
| Contributions | 10/11 | €87,500 | €87,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€437,767 | -€524,507 | -€86,740 | -19.8% |
| Amounts payable | 17/49 | €1,461,808 | €1,451,597 | -€10,211 | -0.7% |
| Amounts payable after more than one year | 17 | €1,412,704 | €1,379,995 | -€32,709 | -2.3% |
| Financial debts | 170/4 | €1,412,704 | €1,379,995 | -€32,709 | -2.3% |
| Amounts payable within one year | 42/48 | €47,441 | €69,939 | +€22,498 | +47.4% |
| Current portion of amounts payable after more than one year | 42 | €33,203 | €32,709 | -€494 | -1.5% |
| Trade debts | 44 | €9,513 | €21,463 | +€11,950 | +126% |
| Suppliers | 440/4 | €9,513 | €21,463 | +€11,950 | +126% |
| Other amounts payable | 47/48 | €4,725 | €15,768 | +€11,043 | +234% |
| Accrued charges and deferred income | 492/3 | €1,663 | €1,663 | = | 0.0% |
| Non-recurring operating income | 76A | €214,940 | €2,154 | -€212,786 | -99.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,665 | €31,714 | -€12,950 | -29.0% |
| Other operating charges | 640/8 | €6,682 | €6,934 | +€252 | +3.8% |
| Non-recurring operating charges | 66A | - | €55,693 | +€55,693 | |
| Gross operating margin | 9900 | €266,942 | €25,639 | -€241,304 | -90.4% |
| Operating profit (loss) | 9901 | €215,596 | -€68,703 | -€284,299 | |
| Financial income | 75/76B | €566 | - | -€566 | |
| Recurring financial income | 75 | €566 | - | -€566 | |
| Financial charges | 65/66B | €22,592 | €18,096 | -€4,496 | -19.9% |
| Recurring financial charges | 65 | €22,592 | €18,096 | -€4,496 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €193,570 | -€86,799 | -€280,369 | |
| Income taxes | 67/77 | - | -€60 | -€60 | |
| Profit (loss) for the period | 9904 | €193,570 | -€86,740 | -€280,310 | |
| Profit (loss) for the period to be appropriated | 9905 | €193,570 | -€86,740 | -€280,310 |
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 1 November 2026 via checked.be.