RONEDA: what changed
Two fiscal 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.
RONEDA
Largest movements
- Current investments +€100,423
new in 2025: €100,423
- Cash -€16,862
down €16,862 (-5.5%), from €307,127 to €290,264
mainly Current investments (-€100,423) and Tax, wage and social debts (-€13,951)
- Receivables within one year +€8,427
up €8,427 (+153.8%), from €5,478 to €13,905
of which Trade receivables: +€10,360
- Reserves +€61,878
up €61,878 (+17.4%), from €354,756 to €416,634
of which Distributable reserves: +€62,219
- Other debts +€39,894
up €39,894 (+400.0%), from €9,973 to €49,866
- Tax, wage and social debts -€13,951
down €13,951 (-57.1%), from €24,451 to €10,500
of which Remuneration and social security: -€13,144
- Gross operating margin +€21,761
up €21,761 (+31.0%), from €70,088 to €91,849
- Taxes +€5,221
up €5,221 (+27.2%), from €19,180 to €24,401
- Financial charges +€1,691
up €1,691 (+1459.0%), from €116 to €1,807
- Financial income +€959
up €959 (+2819.4%), from €34 to €993
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 | €406,154 | €492,542 | +€86,388 | +21.3% |
| Fixed assets | 21/28 | €91,226 | €87,004 | -€4,222 | -4.6% |
| Tangible fixed assets | 22/27 | €91,226 | €87,004 | -€4,222 | -4.6% |
| Land and buildings | 22 | €90,868 | €86,824 | -€4,043 | -4.4% |
| Plant, machinery and equipment | 23 | €359 | €179 | -€179 | -50.0% |
| Current assets | 29/58 | €314,928 | €405,538 | +€90,610 | +28.8% |
| Amounts receivable within one year | 40/41 | €5,478 | €13,905 | +€8,427 | +153.8% |
| Trade receivables | 40 | €3,545 | €13,905 | +€10,360 | +292.3% |
| Other amounts receivable | 41 | €1,933 | €0 | -€1,933 | -100.0% |
| Current investments | 50/53 | - | €100,423 | +€100,423 | |
| Cash at bank and in hand | 54/58 | €307,127 | €290,264 | -€16,862 | -5.5% |
| Deferred charges and accrued income | 490/1 | €2,324 | €946 | -€1,377 | -59.3% |
| Total equity and liabilities | 10/49 | €406,154 | €492,542 | +€86,388 | +21.3% |
| Equity | 10/15 | €367,156 | €429,034 | +€61,878 | +16.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €354,756 | €416,634 | +€61,878 | +17.4% |
| Non-distributable reserves | 130/1 | €341 | €0 | -€341 | -100.0% |
| Reserves not available under the articles | 1311 | €341 | €0 | -€341 | -100.0% |
| Distributable reserves | 133 | €354,415 | €416,634 | +€62,219 | +17.6% |
| Amounts payable | 17/49 | €38,998 | €63,509 | +€24,510 | +62.8% |
| Amounts payable after more than one year | 17 | €1,270 | €1,132 | -€138 | -10.9% |
| Other amounts payable | 178/9 | €1,270 | €1,132 | -€138 | -10.9% |
| Amounts payable within one year | 42/48 | €36,932 | €61,225 | +€24,292 | +65.8% |
| Trade debts | 44 | €2,509 | €859 | -€1,650 | -65.8% |
| Suppliers | 440/4 | €2,509 | €859 | -€1,650 | -65.8% |
| Taxes, remuneration and social security | 45 | €24,451 | €10,500 | -€13,951 | -57.1% |
| Taxes | 450/3 | €11,307 | €10,500 | -€807 | -7.1% |
| Remuneration and social security | 454/9 | €13,144 | €0 | -€13,144 | -100.0% |
| Other amounts payable | 47/48 | €9,973 | €49,866 | +€39,894 | +400.0% |
| Accrued charges and deferred income | 492/3 | €796 | €1,152 | +€356 | +44.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,222 | €4,222 | = | 0.0% |
| Other operating charges | 640/8 | €2,184 | €1,993 | -€190 | -8.7% |
| Gross operating margin | 9900 | €70,088 | €91,849 | +€21,761 | +31.0% |
| Operating profit (loss) | 9901 | €63,682 | €85,633 | +€21,951 | +34.5% |
| Financial income | 75/76B | €34 | €993 | +€959 | +2819.4% |
| Recurring financial income | 75 | €34 | €993 | +€959 | +2819.4% |
| Financial charges | 65/66B | €116 | €1,807 | +€1,691 | +1459.0% |
| Recurring financial charges | 65 | €116 | €1,807 | +€1,691 | +1459.0% |
| Profit (loss) for the period before taxes | 9903 | €63,600 | €84,819 | +€21,219 | +33.4% |
| Income taxes | 67/77 | €19,180 | €24,401 | +€5,221 | +27.2% |
| Profit (loss) for the period | 9904 | €44,420 | €60,418 | +€15,998 | +36.0% |
| Profit (loss) for the period to be appropriated | 9905 | €44,420 | €60,418 | +€15,998 | +36.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.