RONAZ: 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.
RONAZ
Largest movements
- Receivables within one year +€17,127
up €17,127 (+21.4%), from €80,104 to €97,231
of which Trade receivables: +€21,729
- Cash +€16,115
up €16,115 (+261.9%), from €6,153 to €22,268
mainly Other debts (+€50,000) and Net result for the year (+€29,056)
- Tangible fixed assets -€4,674
down €4,674 (-75.2%), from €6,213 to €1,540
of which Furniture and vehicles: -€4,628
- Other debts +€50,000
new in 2025: €50,000
- Reserves -€20,970
down €20,970 (-27.7%), from €75,570 to €54,600
- Gross operating margin +€21,343
up €21,343 (+105.2%), from €20,285 to €41,628
- Taxes +€4,826
up €4,826 (+124.6%), from €3,872 to €8,698
- Depreciation -€1,059
down €1,059 (-16.8%), from €6,287 to €5,228
- Financial charges +€711
up €711 (+1330.1%), from €53 to €765
- Financial income -€526
down €526 (-12.2%), from €4,323 to €3,796
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 | €92,763 | €121,988 | +€29,225 | +31.5% |
| Fixed assets | 21/28 | €6,213 | €1,540 | -€4,674 | -75.2% |
| Tangible fixed assets | 22/27 | €6,213 | €1,540 | -€4,674 | -75.2% |
| Plant, machinery and equipment | 23 | €1,585 | €1,540 | -€46 | -2.9% |
| Furniture and vehicles | 24 | €4,628 | - | -€4,628 | |
| Current assets | 29/58 | €86,549 | €120,448 | +€33,899 | +39.2% |
| Amounts receivable within one year | 40/41 | €80,104 | €97,231 | +€17,127 | +21.4% |
| Trade receivables | 40 | €6,884 | €28,614 | +€21,729 | +315.6% |
| Other amounts receivable | 41 | €73,219 | €68,617 | -€4,602 | -6.3% |
| Cash at bank and in hand | 54/58 | €6,153 | €22,268 | +€16,115 | +261.9% |
| Deferred charges and accrued income | 490/1 | €292 | €949 | +€657 | +225.1% |
| Total equity and liabilities | 10/49 | €92,763 | €121,988 | +€29,225 | +31.5% |
| Equity | 10/15 | €90,570 | €69,626 | -€20,944 | -23.1% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €75,570 | €54,600 | -€20,970 | -27.7% |
| Distributable reserves | 133 | €75,570 | €54,600 | -€20,970 | -27.7% |
| Profit (loss) carried forward | 14 | - | €26 | +€26 | |
| Amounts payable | 17/49 | €2,193 | €52,362 | +€50,169 | +2288.0% |
| Amounts payable within one year | 42/48 | €2,193 | €52,362 | +€50,169 | +2288.0% |
| Trade debts | 44 | €2 | €601 | +€599 | +36553.0% |
| Suppliers | 440/4 | €2 | €601 | +€599 | +36553.0% |
| Taxes, remuneration and social security | 45 | €2,191 | €1,761 | -€430 | -19.6% |
| Taxes | 450/3 | €2,191 | €1,761 | -€430 | -19.6% |
| Other amounts payable | 47/48 | - | €50,000 | +€50,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,287 | €5,228 | -€1,059 | -16.8% |
| Other operating charges | 640/8 | €1,463 | €1,678 | +€215 | +14.7% |
| Gross operating margin | 9900 | €20,285 | €41,628 | +€21,343 | +105.2% |
| Operating profit (loss) | 9901 | €12,536 | €34,723 | +€22,187 | +177.0% |
| Financial income | 75/76B | €4,323 | €3,796 | -€526 | -12.2% |
| Recurring financial income | 75 | €4,323 | €3,796 | -€526 | -12.2% |
| Financial charges | 65/66B | €53 | €765 | +€711 | +1330.1% |
| Recurring financial charges | 65 | €53 | €765 | +€711 | +1330.1% |
| Profit (loss) for the period before taxes | 9903 | €16,805 | €37,754 | +€20,949 | +124.7% |
| Income taxes | 67/77 | €3,872 | €8,698 | +€4,826 | +124.6% |
| Profit (loss) for the period | 9904 | €12,932 | €29,056 | +€16,124 | +124.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,932 | €29,056 | +€16,124 | +124.7% |
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 10 October 2026 via checked.be.