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
- Tangible fixed assets +€44,331
up €44,331 (+90.2%), from €49,161 to €93,492
of which Furniture and vehicles: +€46,294
- Receivables within one year -€3,229
down €3,229 (-12.8%), from €25,206 to €21,977
of which Other amounts receivable: -€7,248
- Deferred charges and accrued income +€3,163
up €3,163 (+151%), from €2,093 to €5,256
- Stocks and contracts +€3,163
up €3,163 (+3.8%), from €82,250 to €85,413
- Cash +€3,018
up €3,018 (+3.9%), from €77,107 to €80,125
mainly Trade debts (+€25,504) and Other debts (+€21,018)
- Tax, wage and social debts -€28,025
down €28,025 (-51.8%), from €54,121 to €26,096
of which Remuneration and social security: -€20,421
- Trade debts +€25,504
up €25,504 (+39.8%), from €64,075 to €89,578
- Other debts +€21,018
up €21,018 (+3,662%), from €574 to €21,592
- Debts after one year +€20,926
up €20,926 (+63.4%), from €32,997 to €53,923
- Reserves +€18,975
up €18,975 (+63.5%), from €29,869 to €48,844
- Depreciation -€5,481
down €5,481 (-26.8%), from €20,420 to €14,939
- Gross operating margin -€3,048
down €3,048 (-1.2%), from €258,298 to €255,250
- Financial charges -€2,633
down €2,633 (-28.5%), from €9,241 to €6,608
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 | €235,941 | €286,386 | +€50,445 | +21.4% |
| Fixed assets | 21/28 | €49,284 | €93,615 | +€44,331 | +90.0% |
| Tangible fixed assets | 22/27 | €49,161 | €93,492 | +€44,331 | +90.2% |
| Plant, machinery and equipment | 23 | €725 | €1,664 | +€939 | +130% |
| Furniture and vehicles | 24 | €5,792 | €52,086 | +€46,294 | +799% |
| Other tangible fixed assets | 26 | €42,644 | €39,742 | -€2,902 | -6.8% |
| Financial fixed assets | 28 | €123 | €123 | = | 0.0% |
| Current assets | 29/58 | €186,657 | €192,771 | +€6,114 | +3.3% |
| Stocks and contracts in progress | 3 | €82,250 | €85,413 | +€3,163 | +3.8% |
| Stocks | 30/36 | €82,250 | €85,413 | +€3,163 | +3.8% |
| Amounts receivable within one year | 40/41 | €25,206 | €21,977 | -€3,229 | -12.8% |
| Trade receivables | 40 | €4,182 | €8,200 | +€4,018 | +96.1% |
| Other amounts receivable | 41 | €21,025 | €13,777 | -€7,248 | -34.5% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €77,107 | €80,125 | +€3,018 | +3.9% |
| Deferred charges and accrued income | 490/1 | €2,093 | €5,256 | +€3,163 | +151% |
| Total equity and liabilities | 10/49 | €235,941 | €286,386 | +€50,445 | +21.4% |
| Equity | 10/15 | €49,869 | €68,844 | +€18,975 | +38.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €29,869 | €48,844 | +€18,975 | +63.5% |
| Distributable reserves | 133 | €29,869 | €48,844 | +€18,975 | +63.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €186,072 | €217,542 | +€31,471 | +16.9% |
| Amounts payable after more than one year | 17 | €32,997 | €53,923 | +€20,926 | +63.4% |
| Financial debts | 170/4 | €32,997 | €53,923 | +€20,926 | +63.4% |
| Amounts payable within one year | 42/48 | €153,074 | €163,619 | +€10,545 | +6.9% |
| Current portion of amounts payable after more than one year | 42 | €22,902 | €14,562 | -€8,340 | -36.4% |
| Financial debts | 43 | €11,402 | €11,791 | +€388 | +3.4% |
| Credit institutions | 430/8 | €11,402 | €11,791 | +€388 | +3.4% |
| Trade debts | 44 | €64,075 | €89,578 | +€25,504 | +39.8% |
| Suppliers | 440/4 | €64,075 | €89,578 | +€25,504 | +39.8% |
| Taxes, remuneration and social security | 45 | €54,121 | €26,096 | -€28,025 | -51.8% |
| Taxes | 450/3 | €9,601 | €1,997 | -€7,604 | -79.2% |
| Remuneration and social security | 454/9 | €44,520 | €24,099 | -€20,421 | -45.9% |
| Other amounts payable | 47/48 | €574 | €21,592 | +€21,018 | +3,662% |
| Non-recurring operating income | 76A | - | €10,019 | +€10,019 | |
| Remuneration, social security and pensions | 62 | €205,699 | €205,753 | +€54 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,420 | €14,939 | -€5,481 | -26.8% |
| Other operating charges | 640/8 | €1,467 | €2,629 | +€1,162 | +79.2% |
| Gross operating margin | 9900 | €258,298 | €255,250 | -€3,048 | -1.2% |
| Operating profit (loss) | 9901 | €30,712 | €31,929 | +€1,217 | +4.0% |
| Financial income | 75/76B | €48 | €164 | +€117 | +244% |
| Recurring financial income | 75 | €48 | €164 | +€117 | +244% |
| Financial charges | 65/66B | €9,241 | €6,608 | -€2,633 | -28.5% |
| Recurring financial charges | 65 | €9,241 | €6,608 | -€2,633 | -28.5% |
| Profit (loss) for the period before taxes | 9903 | €21,519 | €25,486 | +€3,967 | +18.4% |
| Income taxes | 67/77 | €3,998 | €6,511 | +€2,513 | +62.9% |
| Profit (loss) for the period | 9904 | €17,521 | €18,975 | +€1,454 | +8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €17,521 | €18,975 | +€1,454 | +8.3% |
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 17 October 2026 via checked.be.