Ronald Jennen: what changed
What changed
Ronald Jennen
NACE 43.310, Plastering work
filed annual accounts (NBB)
Net result for the year
€30,238
2024 · €16,081+€14,156
Equity
€132,428
2024 · €107,624+€24,805
Cash
€60,315
2024 · €50,932+€9,383
Balance sheet total
€200,157
2024 · €175,713+€24,444
Largest movements
Assets
- Tangible fixed assets +€14,918
up €14,918 (+15.9%), from €93,767 to €108,684
of which Furniture and vehicles: +€12,229
- Cash +€9,383
up €9,383 (+18.4%), from €50,932 to €60,315
mainly Depreciation (+€38,993) and Net result for the year (+€30,238)
- Receivables within one year +€6,133
up €6,133 (+31.9%), from €19,241 to €25,374
of which Trade receivables: +€6,190
- Deferred charges and accrued income -€5,292
down €5,292 (-67.1%), from €7,888 to €2,596
Equity and liabilities
- Reserves +€24,400
up €24,400 (+24.1%), from €101,410 to €125,810
- Advances received -€7,415
no longer reported in 2025 (was €7,415)
- Current portion of long-term debt +€3,698
up €3,698 (+26.3%), from €14,085 to €17,783
Income statement
- Gross operating margin +€26,893
up €26,893 (+23.2%), from €116,145 to €143,038
- Depreciation +€4,749
up €4,749 (+13.9%), from €34,243 to €38,993
- Taxes +€4,491
up €4,491 (+60.0%), from €7,485 to €11,975
- Staff costs +€3,136
up €3,136 (+5.7%), from €55,182 to €58,317
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€16,081
Gross operating margin
+€26,893
Staff costs
-€3,136
Depreciation
-€4,749
Other operating charges
-€880
Other operating items
+€250
Financial income
+€144
Financial charges
+€125
Taxes
-€4,491
Result 2025
€30,238
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€64,359
Investment
-€53,910
Financing
-€1,066
Cash 2024
€50,932
From operations (derived)
+€64,359
Net result for the year
+€30,238
Depreciation
+€38,993
Stocks and contracts
+€697
Receivables within one year
-€6,133
Deferred charges and accrued income
+€5,292
Trade debts
+€1,973
Tax, wage and social debts
+€972
Advances received
-€7,415
Other debts
-€257
Investment (derived)
-€53,910
Investment in fixed assets (net)
-€53,910
Financing
-€1,066
Debts after one year
+€669
Current portion of long-term debt
+€3,698
Contributions, distributions and other
-€5,433
Cash 2025
€60,315
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €175,713 | €200,157 | +€24,444 | +13.9% |
| Fixed assets | 21/28 | €93,767 | €108,684 | +€14,918 | +15.9% |
| Tangible fixed assets | 22/27 | €93,767 | €108,684 | +€14,918 | +15.9% |
| Plant, machinery and equipment | 23 | €27,297 | €29,986 | +€2,689 | +9.9% |
| Furniture and vehicles | 24 | €66,469 | €78,698 | +€12,229 | +18.4% |
| Current assets | 29/58 | €81,946 | €91,473 | +€9,527 | +11.6% |
| Stocks and contracts in progress | 3 | €3,885 | €3,188 | -€697 | -17.9% |
| Stocks | 30/36 | €3,885 | €3,188 | -€697 | -17.9% |
| Amounts receivable within one year | 40/41 | €19,241 | €25,374 | +€6,133 | +31.9% |
| Trade receivables | 40 | €19,184 | €25,374 | +€6,190 | +32.3% |
| Other amounts receivable | 41 | €57 | - | -€57 | |
| Cash at bank and in hand | 54/58 | €50,932 | €60,315 | +€9,383 | +18.4% |
| Deferred charges and accrued income | 490/1 | €7,888 | €2,596 | -€5,292 | -67.1% |
| Total equity and liabilities | 10/49 | €175,713 | €200,157 | +€24,444 | +13.9% |
| Equity | 10/15 | €107,624 | €132,428 | +€24,805 | +23.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €101,410 | €125,810 | +€24,400 | +24.1% |
| Distributable reserves | 133 | €101,410 | €125,810 | +€24,400 | +24.1% |
| Profit (loss) carried forward | 14 | €14 | €418 | +€405 | +2,944% |
| Amounts payable | 17/49 | €68,089 | €67,729 | -€360 | -0.5% |
| Amounts payable after more than one year | 17 | €24,047 | €24,716 | +€669 | +2.8% |
| Financial debts | 170/4 | €24,047 | €24,716 | +€669 | +2.8% |
| Amounts payable within one year | 42/48 | €44,042 | €43,013 | -€1,029 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €14,085 | €17,783 | +€3,698 | +26.3% |
| Trade debts | 44 | €5,406 | €7,379 | +€1,973 | +36.5% |
| Suppliers | 440/4 | €5,406 | €7,379 | +€1,973 | +36.5% |
| Advances received on contracts in progress | 46 | €7,415 | - | -€7,415 | |
| Taxes, remuneration and social security | 45 | €12,824 | €13,796 | +€972 | +7.6% |
| Taxes | 450/3 | €5,663 | €10,027 | +€4,364 | +77.1% |
| Remuneration and social security | 454/9 | €7,161 | €3,769 | -€3,392 | -47.4% |
| Other amounts payable | 47/48 | €4,313 | €4,056 | -€257 | -6.0% |
| Non-recurring operating income | 76A | €5,143 | €826 | -€4,316 | -83.9% |
| Remuneration, social security and pensions | 62 | €55,182 | €58,317 | +€3,136 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,243 | €38,993 | +€4,749 | +13.9% |
| Other operating charges | 640/8 | €912 | €1,792 | +€880 | +96.4% |
| Non-recurring operating charges | 66A | €250 | - | -€250 | |
| Gross operating margin | 9900 | €116,145 | €143,038 | +€26,893 | +23.2% |
| Operating profit (loss) | 9901 | €25,558 | €43,936 | +€18,378 | +71.9% |
| Financial income | 75/76B | €0 | €144 | +€144 | +1,435,000% |
| Recurring financial income | 75 | €0 | €144 | +€144 | +1,435,000% |
| Financial charges | 65/66B | €1,992 | €1,867 | -€125 | -6.3% |
| Recurring financial charges | 65 | €1,992 | €1,867 | -€125 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €23,566 | €42,213 | +€18,647 | +79.1% |
| Income taxes | 67/77 | €7,485 | €11,975 | +€4,491 | +60.0% |
| Profit (loss) for the period | 9904 | €16,081 | €30,238 | +€14,156 | +88.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,081 | €30,238 | +€14,156 | +88.0% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.