RONERO: 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.
RONERO
Largest movements
- Receivables within one year +€550,550
up €550,550 (+310%), from €177,854 to €728,405
of which Other amounts receivable: +€531,843
- Tangible fixed assets -€336,097
down €336,097 (-20.4%), from €1.7m to €1.3m
of which Land and buildings: -€320,642
- Cash -€145,129
down €145,129 (-49.2%), from €295,162 to €150,033
mainly Receivables within one year (-€550,550) and Other debts (-€401,573)
- Short-term financial debts +€499,969
up €499,969 (+1,587,706%), from €31 to €500,000
- Other debts -€401,573
down €401,573 (-46.6%), from €862,347 to €460,773
- Debts after one year -€105,654
down €105,654 (-9.2%), from €1.2m to €1.0m
- Reserves +€60,131
up €60,131 (+22.6%), from €265,715 to €325,846
- Gross operating margin +€90,637
up €90,637 (+61.4%), from €147,711 to €238,349
- Financial income +€6,026
up €6,026 (+138%), from €4,358 to €10,383
- Other operating charges +€2,392
up €2,392 (+19.2%), from €12,445 to €14,837
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 | €3,168,903 | €3,238,228 | +€69,325 | +2.2% |
| Fixed assets | 21/28 | €2,695,887 | €2,359,790 | -€336,097 | -12.5% |
| Tangible fixed assets | 22/27 | €1,650,437 | €1,314,340 | -€336,097 | -20.4% |
| Land and buildings | 22 | €1,583,292 | €1,262,650 | -€320,642 | -20.3% |
| Plant, machinery and equipment | 23 | €67,145 | €51,690 | -€15,455 | -23.0% |
| Financial fixed assets | 28 | €1,045,450 | €1,045,450 | = | 0.0% |
| Current assets | 29/58 | €473,016 | €878,438 | +€405,422 | +85.7% |
| Amounts receivable within one year | 40/41 | €177,854 | €728,405 | +€550,550 | +310% |
| Trade receivables | 40 | €26,089 | €44,796 | +€18,707 | +71.7% |
| Other amounts receivable | 41 | €151,766 | €683,609 | +€531,843 | +350% |
| Cash at bank and in hand | 54/58 | €295,162 | €150,033 | -€145,129 | -49.2% |
| Total equity and liabilities | 10/49 | €3,168,903 | €3,238,228 | +€69,325 | +2.2% |
| Equity | 10/15 | €1,015,715 | €1,075,846 | +€60,131 | +5.9% |
| Contributions | 10/11 | €750,000 | €750,000 | = | 0.0% |
| Reserves | 13 | €265,715 | €325,846 | +€60,131 | +22.6% |
| Distributable reserves | 133 | €265,715 | €325,846 | +€60,131 | +22.6% |
| Amounts payable | 17/49 | €2,153,188 | €2,162,382 | +€9,194 | +0.4% |
| Amounts payable after more than one year | 17 | €1,152,221 | €1,046,567 | -€105,654 | -9.2% |
| Financial debts | 170/4 | €1,152,221 | €1,046,567 | -€105,654 | -9.2% |
| Amounts payable within one year | 42/48 | €996,851 | €1,108,124 | +€111,273 | +11.2% |
| Current portion of amounts payable after more than one year | 42 | €103,999 | €105,654 | +€1,655 | +1.6% |
| Financial debts | 43 | €31 | €500,000 | +€499,969 | +1,587,706% |
| Credit institutions | 430/8 | €31 | €500,000 | +€499,969 | +1,587,706% |
| Trade debts | 44 | €12,083 | €11,255 | -€828 | -6.8% |
| Suppliers | 440/4 | €12,083 | €11,255 | -€828 | -6.8% |
| Taxes, remuneration and social security | 45 | €18,390 | €30,441 | +€12,051 | +65.5% |
| Taxes | 450/3 | €18,390 | €30,441 | +€12,051 | +65.5% |
| Other amounts payable | 47/48 | €862,347 | €460,773 | -€401,573 | -46.6% |
| Accrued charges and deferred income | 492/3 | €4,116 | €7,691 | +€3,575 | +86.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,476 | €86,097 | +€621 | +0.7% |
| Other operating charges | 640/8 | €12,445 | €14,837 | +€2,392 | +19.2% |
| Non-recurring operating charges | 66A | - | €30,000 | +€30,000 | |
| Gross operating margin | 9900 | €147,711 | €238,349 | +€90,637 | +61.4% |
| Operating profit (loss) | 9901 | €49,790 | €107,414 | +€57,624 | +116% |
| Financial income | 75/76B | €4,358 | €10,383 | +€6,026 | +138% |
| Recurring financial income | 75 | €4,358 | €10,383 | +€6,026 | +138% |
| Financial charges | 65/66B | €59,332 | €57,667 | -€1,665 | -2.8% |
| Recurring financial charges | 65 | €59,332 | €57,667 | -€1,665 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,184 | €60,131 | +€65,315 | |
| Profit (loss) for the period | 9904 | -€5,184 | €60,131 | +€65,315 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,184 | €60,131 | +€65,315 |
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 21 October 2026 via checked.be.