RoNaCo: 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.
RoNaCo
Largest movements
- Tangible fixed assets -€23,200
down €23,200 (-5.5%), from €419,169 to €395,969
of which Land and buildings: -€18,247
- Other debts +€35,377
up €35,377 (+12.5%), from €282,557 to €317,935
- Current portion of long-term debt -€33,616
down €33,616 (-53.1%), from €63,305 to €29,689
- Debts after one year -€29,293
down €29,293 (-11.2%), from €262,223 to €232,930
- Profit (loss) carried forward +€13,785
up €13,785 (+4.2%), from €326,983 to €340,768
- Financial charges -€5,417
down €5,417 (-54.0%), from €10,022 to €4,606
- Gross operating margin -€2,815
down €2,815 (-5.2%), from €54,566 to €51,752
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 | €957,287 | €933,067 | -€24,220 | -2.5% |
| Fixed assets | 21/28 | €920,035 | €896,321 | -€23,714 | -2.6% |
| Intangible fixed assets | 21 | €867 | €353 | -€514 | -59.3% |
| Tangible fixed assets | 22/27 | €419,169 | €395,969 | -€23,200 | -5.5% |
| Land and buildings | 22 | €403,849 | €385,602 | -€18,247 | -4.5% |
| Plant, machinery and equipment | 23 | €4,341 | €3,818 | -€523 | -12.0% |
| Furniture and vehicles | 24 | €10,980 | €6,549 | -€4,431 | -40.4% |
| Financial fixed assets | 28 | €500,000 | €500,000 | = | 0.0% |
| Current assets | 29/58 | €37,251 | €36,745 | -€506 | -1.4% |
| Amounts receivable within one year | 40/41 | €15,280 | €16,224 | +€943 | +6.2% |
| Trade receivables | 40 | €10,745 | €11,487 | +€742 | +6.9% |
| Other amounts receivable | 41 | €4,536 | €4,737 | +€201 | +4.4% |
| Cash at bank and in hand | 54/58 | €18,581 | €17,478 | -€1,103 | -5.9% |
| Deferred charges and accrued income | 490/1 | €3,390 | €3,044 | -€346 | -10.2% |
| Total equity and liabilities | 10/49 | €957,287 | €933,067 | -€24,220 | -2.5% |
| Equity | 10/15 | €330,983 | €344,768 | +€13,785 | +4.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €326,983 | €340,768 | +€13,785 | +4.2% |
| Amounts payable | 17/49 | €626,304 | €588,299 | -€38,005 | -6.1% |
| Amounts payable after more than one year | 17 | €262,223 | €232,930 | -€29,293 | -11.2% |
| Financial debts | 170/4 | €262,223 | €232,930 | -€29,293 | -11.2% |
| Amounts payable within one year | 42/48 | €359,323 | €355,241 | -€4,081 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €63,305 | €29,689 | -€33,616 | -53.1% |
| Trade debts | 44 | €855 | €978 | +€123 | +14.4% |
| Suppliers | 440/4 | €855 | €978 | +€123 | +14.4% |
| Taxes, remuneration and social security | 45 | €12,605 | €6,640 | -€5,965 | -47.3% |
| Taxes | 450/3 | €12,605 | €6,640 | -€5,965 | -47.3% |
| Other amounts payable | 47/48 | €282,557 | €317,935 | +€35,377 | +12.5% |
| Accrued charges and deferred income | 492/3 | €4,758 | €127 | -€4,631 | -97.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,760 | €25,128 | +€368 | +1.5% |
| Other operating charges | 640/8 | €2,319 | €1,784 | -€535 | -23.1% |
| Gross operating margin | 9900 | €54,566 | €51,752 | -€2,815 | -5.2% |
| Operating profit (loss) | 9901 | €27,488 | €24,840 | -€2,648 | -9.6% |
| Financial income | 75/76B | €173 | €252 | +€80 | +46.1% |
| Recurring financial income | 75 | €173 | €252 | +€80 | +46.1% |
| Financial charges | 65/66B | €10,022 | €4,606 | -€5,417 | -54.0% |
| Recurring financial charges | 65 | €10,022 | €4,606 | -€5,417 | -54.0% |
| Profit (loss) for the period before taxes | 9903 | €17,638 | €20,486 | +€2,848 | +16.1% |
| Income taxes | 67/77 | €4,756 | €5,035 | +€279 | +5.9% |
| Profit (loss) for the period | 9904 | €12,882 | €15,451 | +€2,569 | +19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,882 | €15,451 | +€2,569 | +19.9% |
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 3 October 2026 via checked.be.