RONDHO: 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.
RONDHO
Largest movements
- Stocks and contracts +€49,895
up €49,895 (+55.2%), from €90,380 to €140,275
- Cash -€37,719
down €37,719 (-16.6%), from €227,759 to €190,040
mainly Stocks and contracts (-€49,895) and Trade debts (-€30,334)
- Tangible fixed assets -€24,927
down €24,927 (-34.4%), from €72,539 to €47,612
of which Furniture and vehicles: -€22,923
- Receivables within one year +€5,287
up €5,287 (+22.2%), from €23,806 to €29,093
of which Other amounts receivable: +€5,826
- Trade debts -€30,334
down €30,334 (-59.8%), from €50,750 to €20,416
- Reserves +€26,629
up €26,629 (+11.2%), from €237,812 to €264,441
- Other debts -€5,098
down €5,098 (-34.5%), from €14,793 to €9,694
- Depreciation -€4,937
down €4,937 (-16.5%), from €29,864 to €24,927
- Gross operating margin -€4,234
down €4,234 (-6.0%), from €70,737 to €66,504
- Other operating charges -€1,025
down €1,025 (-43.9%), from €2,337 to €1,312
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 | €418,599 | €409,796 | -€8,803 | -2.1% |
| Fixed assets | 21/28 | €72,539 | €47,612 | -€24,927 | -34.4% |
| Tangible fixed assets | 22/27 | €72,539 | €47,612 | -€24,927 | -34.4% |
| Plant, machinery and equipment | 23 | €3,276 | €2,686 | -€590 | -18.0% |
| Furniture and vehicles | 24 | €57,604 | €34,681 | -€22,923 | -39.8% |
| Other tangible fixed assets | 26 | €11,659 | €10,246 | -€1,413 | -12.1% |
| Current assets | 29/58 | €346,060 | €362,183 | +€16,123 | +4.7% |
| Amounts receivable after more than one year | 29 | €1,565 | - | -€1,565 | |
| Other amounts receivable | 291 | €1,565 | - | -€1,565 | |
| Stocks and contracts in progress | 3 | €90,380 | €140,275 | +€49,895 | +55.2% |
| Stocks | 30/36 | €90,380 | €140,275 | +€49,895 | +55.2% |
| Amounts receivable within one year | 40/41 | €23,806 | €29,093 | +€5,287 | +22.2% |
| Trade receivables | 40 | €10,497 | €9,958 | -€539 | -5.1% |
| Other amounts receivable | 41 | €13,309 | €19,135 | +€5,826 | +43.8% |
| Cash at bank and in hand | 54/58 | €227,759 | €190,040 | -€37,719 | -16.6% |
| Deferred charges and accrued income | 490/1 | €2,550 | €2,776 | +€225 | +8.8% |
| Total equity and liabilities | 10/49 | €418,599 | €409,796 | -€8,803 | -2.1% |
| Equity | 10/15 | €353,056 | €379,685 | +€26,629 | +7.5% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €237,812 | €264,441 | +€26,629 | +11.2% |
| Distributable reserves | 133 | €237,812 | €264,441 | +€26,629 | +11.2% |
| Profit (loss) carried forward | 14 | €90,454 | €90,454 | = | 0.0% |
| Amounts payable | 17/49 | €65,543 | €30,111 | -€35,432 | -54.1% |
| Amounts payable within one year | 42/48 | €65,543 | €30,111 | -€35,432 | -54.1% |
| Trade debts | 44 | €50,750 | €20,416 | -€30,334 | -59.8% |
| Suppliers | 440/4 | €50,750 | €20,416 | -€30,334 | -59.8% |
| Other amounts payable | 47/48 | €14,793 | €9,694 | -€5,098 | -34.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,864 | €24,927 | -€4,937 | -16.5% |
| Other operating charges | 640/8 | €2,337 | €1,312 | -€1,025 | -43.9% |
| Gross operating margin | 9900 | €70,737 | €66,504 | -€4,234 | -6.0% |
| Operating profit (loss) | 9901 | €38,537 | €40,265 | +€1,729 | +4.5% |
| Financial income | 75/76B | €1,025 | €844 | -€181 | -17.7% |
| Recurring financial income | 75 | €1,025 | €844 | -€181 | -17.7% |
| Financial charges | 65/66B | €1,756 | €1,735 | -€21 | -1.2% |
| Recurring financial charges | 65 | €1,756 | €1,735 | -€21 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €37,806 | €39,374 | +€1,568 | +4.1% |
| Income taxes | 67/77 | €12,328 | €12,746 | +€417 | +3.4% |
| Profit (loss) for the period | 9904 | €25,478 | €26,629 | +€1,151 | +4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €25,478 | €26,629 | +€1,151 | +4.5% |
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 20 October 2026 via checked.be.