RONA: 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.
RONA
Largest movements
- Cash -€16,044
down €16,044 (-82.0%), from €19,558 to €3,514
mainly Debts after one year (-€47,595) and Investment in fixed assets (net) (-€46,457)
- Tangible fixed assets +€10,796
up €10,796 (+4.9%), from €221,433 to €232,229
of which Land and buildings: +€34,321
- Receivables within one year -€6,769
down €6,769 (-89.6%), from €7,557 to €788
- Debts after one year -€47,595
down €47,595 (-27.9%), from €170,654 to €123,059
- Current portion of long-term debt +€23,941
new in 2025: €23,941
- Other debts +€8,381
up €8,381 (+320%), from €2,619 to €11,000
- Trade debts +€5,721
up €5,721 (+584%), from €980 to €6,702
- Gross operating margin -€10,827
down €10,827 (-19.6%), from €55,196 to €44,369
- Taxes -€3,414
down €3,414 (-98.4%), from €3,470 to €56
- Financial charges -€981
down €981 (-12.0%), from €8,148 to €7,167
- Depreciation +€751
up €751 (+2.2%), from €34,910 to €35,661
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 | €248,548 | €236,531 | -€12,017 | -4.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €221,433 | €232,229 | +€10,796 | +4.9% |
| Tangible fixed assets | 22/27 | €221,433 | €232,229 | +€10,796 | +4.9% |
| Land and buildings | 22 | €155,501 | €189,822 | +€34,321 | +22.1% |
| Furniture and vehicles | 24 | €65,933 | €42,408 | -€23,525 | -35.7% |
| Current assets | 29/58 | €27,115 | €4,302 | -€22,813 | -84.1% |
| Amounts receivable within one year | 40/41 | €7,557 | €788 | -€6,769 | -89.6% |
| Trade receivables | 40 | €7,557 | €788 | -€6,769 | -89.6% |
| Cash at bank and in hand | 54/58 | €19,558 | €3,514 | -€16,044 | -82.0% |
| Total equity and liabilities | 10/49 | €248,548 | €236,531 | -€12,017 | -4.8% |
| Equity | 10/15 | €68,455 | €68,305 | -€150 | -0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,860 | €10,860 | = | 0.0% |
| Distributable reserves | 133 | €10,860 | €10,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,995 | €38,845 | -€150 | -0.4% |
| Amounts payable | 17/49 | €180,093 | €168,227 | -€11,867 | -6.6% |
| Amounts payable after more than one year | 17 | €170,654 | €123,059 | -€47,595 | -27.9% |
| Financial debts | 170/4 | €170,654 | €123,059 | -€47,595 | -27.9% |
| Amounts payable within one year | 42/48 | €9,440 | €45,168 | +€35,728 | +378% |
| Current portion of amounts payable after more than one year | 42 | - | €23,941 | +€23,941 | |
| Trade debts | 44 | €980 | €6,702 | +€5,721 | +584% |
| Suppliers | 440/4 | €980 | €6,702 | +€5,721 | +584% |
| Taxes, remuneration and social security | 45 | €5,841 | €3,525 | -€2,315 | -39.6% |
| Taxes | 450/3 | €5,841 | €3,525 | -€2,315 | -39.6% |
| Other amounts payable | 47/48 | €2,619 | €11,000 | +€8,381 | +320% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,910 | €35,661 | +€751 | +2.2% |
| Other operating charges | 640/8 | €1,817 | €1,635 | -€182 | -10.0% |
| Gross operating margin | 9900 | €55,196 | €44,369 | -€10,827 | -19.6% |
| Operating profit (loss) | 9901 | €18,469 | €7,073 | -€11,396 | -61.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €8,148 | €7,167 | -€981 | -12.0% |
| Recurring financial charges | 65 | €8,148 | €7,167 | -€981 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €10,321 | -€94 | -€10,415 | |
| Income taxes | 67/77 | €3,470 | €56 | -€3,414 | -98.4% |
| Profit (loss) for the period | 9904 | €6,852 | -€150 | -€7,002 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,852 | -€150 | -€7,002 |
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 16 October 2026 via checked.be.