RONAX: 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.
RONAX
Largest movements
- Cash +€26,573
up €26,573 (+15.6%), from €170,142 to €196,714
mainly Net result for the year (+€75,147) and Tax, wage and social debts (+€5,007)
- Current investments +€25,000
new in 2025: €25,000
- Receivables within one year +€24,526
up €24,526 (+86.1%), from €28,476 to €53,002
of which Other amounts receivable: +€24,526
- Reserves +€74,314
up €74,314 (+52.1%), from €142,606 to €216,920
- Trade debts -€5,719
down €5,719 (-67.1%), from €8,519 to €2,800
- Tax, wage and social debts +€5,007
up €5,007 (+10.1%), from €49,711 to €54,718
- Financial charges +€3,459
up €3,459 (+111%), from €3,108 to €6,567
- Financial income +€1,060
up €1,060 (+76.6%), from €1,383 to €2,442
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 | €206,668 | €280,271 | +€73,602 | +35.6% |
| Fixed assets | 21/28 | €4,341 | €3,038 | -€1,303 | -30.0% |
| Tangible fixed assets | 22/27 | €4,341 | €3,038 | -€1,303 | -30.0% |
| Plant, machinery and equipment | 23 | €2,218 | €1,352 | -€867 | -39.1% |
| Furniture and vehicles | 24 | €2,122 | €1,686 | -€436 | -20.6% |
| Current assets | 29/58 | €202,328 | €277,233 | +€74,905 | +37.0% |
| Amounts receivable within one year | 40/41 | €28,476 | €53,002 | +€24,526 | +86.1% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €28,476 | €53,002 | +€24,526 | +86.1% |
| Current investments | 50/53 | - | €25,000 | +€25,000 | |
| Cash at bank and in hand | 54/58 | €170,142 | €196,714 | +€26,573 | +15.6% |
| Deferred charges and accrued income | 490/1 | €3,710 | €2,517 | -€1,193 | -32.2% |
| Total equity and liabilities | 10/49 | €206,668 | €280,271 | +€73,602 | +35.6% |
| Equity | 10/15 | €147,606 | €221,920 | +€74,314 | +50.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €142,606 | €216,920 | +€74,314 | +52.1% |
| Distributable reserves | 133 | €142,606 | €216,920 | +€74,314 | +52.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €59,062 | €58,351 | -€712 | -1.2% |
| Amounts payable within one year | 42/48 | €59,062 | €58,351 | -€712 | -1.2% |
| Trade debts | 44 | €8,519 | €2,800 | -€5,719 | -67.1% |
| Suppliers | 440/4 | €8,519 | €2,800 | -€5,719 | -67.1% |
| Taxes, remuneration and social security | 45 | €49,711 | €54,718 | +€5,007 | +10.1% |
| Taxes | 450/3 | €49,711 | €54,718 | +€5,007 | +10.1% |
| Other amounts payable | 47/48 | €833 | €833 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €553 | €1,303 | +€750 | +136% |
| Other operating charges | 640/8 | €1,243 | €1,313 | +€70 | +5.7% |
| Gross operating margin | 9900 | €105,502 | €104,460 | -€1,042 | -1.0% |
| Operating profit (loss) | 9901 | €103,707 | €101,844 | -€1,863 | -1.8% |
| Financial income | 75/76B | €1,383 | €2,442 | +€1,060 | +76.6% |
| Recurring financial income | 75 | €1,383 | €2,442 | +€1,060 | +76.6% |
| Financial charges | 65/66B | €3,108 | €6,567 | +€3,459 | +111% |
| Recurring financial charges | 65 | €3,108 | €6,567 | +€3,459 | +111% |
| Profit (loss) for the period before taxes | 9903 | €101,982 | €97,720 | -€4,262 | -4.2% |
| Income taxes | 67/77 | €22,339 | €22,572 | +€233 | +1.0% |
| Profit (loss) for the period | 9904 | €79,642 | €75,147 | -€4,495 | -5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €79,642 | €75,147 | -€4,495 | -5.6% |
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 19 October 2026 via checked.be.