Ronde-X: 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.
Ronde-X
Largest movements
- Cash +€214,902
up €214,902 (+25.8%), from €832,484 to €1.0m
mainly Net result for the year (+€277,235) and Debts after one year (+€38,588)
- Tangible fixed assets +€50,605
up €50,605 (+276%), from €18,354 to €68,959
of which Furniture and vehicles: +€50,126
- Receivables after one year -€15,000
down €15,000 (-100%), from €15,000 to €0
- Reserves +€216,886
up €216,886 (+27.6%), from €786,606 to €1.0m
of which Distributable reserves: +€174,786
- Debts after one year +€38,588
up €38,588 (+710%), from €5,433 to €44,021
- Short-term financial debts -€24,935
down €24,935 (-100%), from €24,935 to €0
- Tax, wage and social debts +€15,620
up €15,620 (+82.2%), from €19,009 to €34,629
- Financial income +€80,444
up €80,444 (+933%), from €8,620 to €89,063
- Gross operating margin +€64,804
up €64,804 (+27.1%), from €239,379 to €304,183
- Taxes +€43,687
up €43,687 (+67.5%), from €64,745 to €108,432
- Depreciation -€15,762
down €15,762 (-81.0%), from €19,454 to €3,692
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 | €865,839 | €1,116,346 | +€250,507 | +28.9% |
| Fixed assets | 21/28 | €18,354 | €68,959 | +€50,605 | +276% |
| Tangible fixed assets | 22/27 | €18,354 | €68,959 | +€50,605 | +276% |
| Plant, machinery and equipment | 23 | €0 | €478 | +€478 | |
| Furniture and vehicles | 24 | €18,354 | €68,481 | +€50,126 | +273% |
| Current assets | 29/58 | €847,484 | €1,047,387 | +€199,902 | +23.6% |
| Amounts receivable after more than one year | 29 | €15,000 | €0 | -€15,000 | -100% |
| Other amounts receivable | 291 | €15,000 | €0 | -€15,000 | -100% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €832,484 | €1,047,387 | +€214,902 | +25.8% |
| Total equity and liabilities | 10/49 | €865,839 | €1,116,346 | +€250,507 | +28.9% |
| Equity | 10/15 | €805,198 | €1,022,085 | +€216,886 | +26.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €786,606 | €1,003,493 | +€216,886 | +27.6% |
| Tax-exempt reserves | 132 | - | €42,100 | +€42,100 | |
| Distributable reserves | 133 | €786,606 | €961,393 | +€174,786 | +22.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €60,640 | €94,261 | +€33,621 | +55.4% |
| Amounts payable after more than one year | 17 | €5,433 | €44,021 | +€38,588 | +710% |
| Financial debts | 170/4 | €5,433 | €44,021 | +€38,588 | +710% |
| Amounts payable within one year | 42/48 | €55,207 | €50,240 | -€4,967 | -9.0% |
| Current portion of amounts payable after more than one year | 42 | €7,250 | €15,015 | +€7,765 | +107% |
| Financial debts | 43 | €24,935 | €0 | -€24,935 | -100% |
| Other loans | 439 | €24,935 | €0 | -€24,935 | -100% |
| Trade debts | 44 | - | €25 | +€25 | |
| Suppliers | 440/4 | - | €25 | +€25 | |
| Taxes, remuneration and social security | 45 | €19,009 | €34,629 | +€15,620 | +82.2% |
| Taxes | 450/3 | €19,009 | €34,629 | +€15,620 | +82.2% |
| Other amounts payable | 47/48 | €4,014 | €572 | -€3,442 | -85.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,454 | €3,692 | -€15,762 | -81.0% |
| Non-recurring operating charges | 66A | - | €2,823 | +€2,823 | |
| Gross operating margin | 9900 | €239,379 | €304,183 | +€64,804 | +27.1% |
| Operating profit (loss) | 9901 | €219,925 | €297,667 | +€77,742 | +35.3% |
| Financial income | 75/76B | €8,620 | €89,063 | +€80,444 | +933% |
| Recurring financial income | 75 | €8,620 | €89,063 | +€80,444 | +933% |
| Financial charges | 65/66B | €1,228 | €1,063 | -€165 | -13.4% |
| Recurring financial charges | 65 | €1,228 | €1,063 | -€165 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €227,317 | €385,668 | +€158,351 | +69.7% |
| Income taxes | 67/77 | €64,745 | €108,432 | +€43,687 | +67.5% |
| Profit (loss) for the period | 9904 | €162,572 | €277,235 | +€114,663 | +70.5% |
| Profit (loss) for the period to be appropriated | 9905 | €162,572 | €277,235 | +€114,663 | +70.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.