RONAK: 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.
RONAK
Largest movements
- Cash +€83,783
up €83,783 (+105.6%), from €79,345 to €163,128
mainly Net result for the year (+€84,015) and Depreciation (+€9,152)
- Intangible fixed assets -€5,000
down €5,000 (-12.0%), from €41,667 to €36,667
- Tangible fixed assets -€4,152
down €4,152 (-37.4%), from €11,095 to €6,943
of which Furniture and vehicles: -€3,228
- Profit (loss) carried forward +€84,015
up €84,015 (+53.8%), from €156,105 to €240,120
- Trade debts -€5,315
down €5,315 (-87.8%), from €6,056 to €740
- Tax, wage and social debts -€3,733
no longer reported in 2025 (was €3,733)
- Gross operating margin +€32,768
up €32,768 (+23.3%), from €140,762 to €173,530
- Staff costs +€4,970
up €4,970 (+7.5%), from €66,439 to €71,409
- Taxes -€2,271
down €2,271 (-25.5%), from €8,915 to €6,644
- Other operating charges +€1,905
up €1,905 (+747.8%), from €255 to €2,159
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 | €173,954 | €248,920 | +€74,967 | +43.1% |
| Fixed assets | 21/28 | €55,727 | €46,575 | -€9,152 | -16.4% |
| Intangible fixed assets | 21 | €41,667 | €36,667 | -€5,000 | -12.0% |
| Tangible fixed assets | 22/27 | €11,095 | €6,943 | -€4,152 | -37.4% |
| Furniture and vehicles | 24 | €8,864 | €5,636 | -€3,228 | -36.4% |
| Other tangible fixed assets | 26 | €2,231 | €1,308 | -€923 | -41.4% |
| Financial fixed assets | 28 | €2,965 | €2,965 | = | 0.0% |
| Current assets | 29/58 | €118,227 | €202,346 | +€84,119 | +71.1% |
| Stocks and contracts in progress | 3 | €4,999 | €2,954 | -€2,045 | -40.9% |
| Stocks | 30/36 | €4,999 | €2,954 | -€2,045 | -40.9% |
| Amounts receivable within one year | 40/41 | €32,252 | €34,633 | +€2,381 | +7.4% |
| Trade receivables | 40 | €4,580 | €4,506 | -€74 | -1.6% |
| Other amounts receivable | 41 | €27,672 | €30,127 | +€2,455 | +8.9% |
| Cash at bank and in hand | 54/58 | €79,345 | €163,128 | +€83,783 | +105.6% |
| Deferred charges and accrued income | 490/1 | €1,630 | €1,630 | = | 0.0% |
| Total equity and liabilities | 10/49 | €173,954 | €248,920 | +€74,967 | +43.1% |
| Equity | 10/15 | €164,165 | €248,180 | +€84,015 | +51.2% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Outside capital | 11 | €8,060 | €8,060 | = | 0.0% |
| Other | 1109/19 | €8,060 | €8,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | €156,105 | €240,120 | +€84,015 | +53.8% |
| Amounts payable | 17/49 | €9,789 | €740 | -€9,048 | -92.4% |
| Amounts payable within one year | 42/48 | €9,789 | €740 | -€9,048 | -92.4% |
| Trade debts | 44 | €6,056 | €740 | -€5,315 | -87.8% |
| Suppliers | 440/4 | €6,056 | €740 | -€5,315 | -87.8% |
| Taxes, remuneration and social security | 45 | €3,733 | - | -€3,733 | |
| Taxes | 450/3 | €3,733 | - | -€3,733 | |
| Remuneration, social security and pensions | 62 | €66,439 | €71,409 | +€4,970 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,111 | €9,152 | -€959 | -9.5% |
| Other operating charges | 640/8 | €255 | €2,159 | +€1,905 | +747.8% |
| Gross operating margin | 9900 | €140,762 | €173,530 | +€32,768 | +23.3% |
| Operating profit (loss) | 9901 | €63,958 | €90,810 | +€26,852 | +42.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €258 | €152 | -€107 | -41.4% |
| Recurring financial charges | 65 | €258 | €152 | -€107 | -41.4% |
| Profit (loss) for the period before taxes | 9903 | €63,700 | €90,659 | +€26,959 | +42.3% |
| Income taxes | 67/77 | €8,915 | €6,644 | -€2,271 | -25.5% |
| Profit (loss) for the period | 9904 | €54,785 | €84,015 | +€29,231 | +53.4% |
| Profit (loss) for the period to be appropriated | 9905 | €54,785 | €84,015 | +€29,231 | +53.4% |
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 4 October 2026 via checked.be.