RONIC: 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.
RONIC
Largest movements
- Tangible fixed assets -€5.5m
down €5.5m (-57.8%), from €9.5m to €4.0m
of which Furniture and vehicles: -€5.5m
- Receivables within one year +€5.4m
up €5.4m (+1167.6%), from €459,575 to €5.8m
of which Trade receivables: +€5.4m
- Receivables after one year -€522,000
down €522,000 (-19.7%), from €2.6m to €2.1m
of which Other amounts receivable: -€460,000
- Financial fixed assets +€177,309
up €177,309 (+39.7%), from €446,579 to €623,888
- Other debts +€1.6m
up €1.6m (+432.3%), from €374,154 to €2.0m
- Debts after one year -€1.3m
down €1.3m (-15.7%), from €8.6m to €7.3m
- Profit (loss) carried forward -€1.1m
down €1.1m (-122.8%), from -€933,422 to -€2.1m
- Trade debts +€625,312
up €625,312 (+221.0%), from €282,955 to €908,266
- Tax, wage and social debts -€166,023
down €166,023 (-84.7%), from €196,032 to €30,009
- Financial income -€540,997
down €540,997 (-100.0%), from €540,997 to €0
- Write-downs +€460,000
new in 2025: €460,000
- Gross operating margin -€242,351
down €242,351, from €170,184 to -€72,167
- Financial charges +€3,631
up €3,631 (+4.0%), from €90,526 to €94,158
- Depreciation -€3,188
down €3,188 (-17.7%), from €17,993 to €14,806
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 | €13,124,488 | €12,798,013 | -€326,475 | -2.5% |
| Fixed assets | 21/28 | €9,907,142 | €4,612,845 | -€5.3m | -53.4% |
| Tangible fixed assets | 22/27 | €9,460,563 | €3,988,957 | -€5.5m | -57.8% |
| Land and buildings | 22 | €2,255,212 | €2,255,212 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,236 | €910 | -€326 | -26.4% |
| Furniture and vehicles | 24 | €6,340,025 | €862,816 | -€5.5m | -86.4% |
| Other tangible fixed assets | 26 | €864,089 | €870,018 | +€5,929 | +0.7% |
| Financial fixed assets | 28 | €446,579 | €623,888 | +€177,309 | +39.7% |
| Current assets | 29/58 | €3,217,346 | €8,185,167 | +€5.0m | +154.4% |
| Amounts receivable after more than one year | 29 | €2,644,651 | €2,122,651 | -€522,000 | -19.7% |
| Trade receivables | 290 | €510,591 | €448,591 | -€62,000 | -12.1% |
| Other amounts receivable | 291 | €2,134,059 | €1,674,059 | -€460,000 | -21.6% |
| Amounts receivable within one year | 40/41 | €459,575 | €5,825,553 | +€5.4m | +1167.6% |
| Trade receivables | 40 | €280,751 | €5,646,728 | +€5.4m | +1911.3% |
| Other amounts receivable | 41 | €178,824 | €178,824 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €93,297 | €224,238 | +€130,941 | +140.3% |
| Deferred charges and accrued income | 490/1 | €19,823 | €12,725 | -€7,097 | -35.8% |
| Total equity and liabilities | 10/49 | €13,124,488 | €12,798,013 | -€326,475 | -2.5% |
| Equity | 10/15 | €3,578,900 | €2,432,994 | -€1.1m | -32.0% |
| Contributions | 10/11 | €4,500,000 | €4,500,000 | = | 0.0% |
| Reserves | 13 | €12,322 | €12,322 | = | 0.0% |
| Distributable reserves | 133 | €12,322 | €12,322 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€933,422 | -€2,079,329 | -€1.1m | -122.8% |
| Amounts payable | 17/49 | €9,545,588 | €10,365,019 | +€819,431 | +8.6% |
| Amounts payable after more than one year | 17 | €8,602,363 | €7,254,390 | -€1.3m | -15.7% |
| Financial debts | 170/4 | €8,602,363 | €7,254,390 | -€1.3m | -15.7% |
| Amounts payable within one year | 42/48 | €853,141 | €2,929,739 | +€2.1m | +243.4% |
| Trade debts | 44 | €282,955 | €908,266 | +€625,312 | +221.0% |
| Suppliers | 440/4 | €282,955 | €908,266 | +€625,312 | +221.0% |
| Taxes, remuneration and social security | 45 | €196,032 | €30,009 | -€166,023 | -84.7% |
| Taxes | 450/3 | €196,032 | €30,009 | -€166,023 | -84.7% |
| Other amounts payable | 47/48 | €374,154 | €1,991,464 | +€1.6m | +432.3% |
| Accrued charges and deferred income | 492/3 | €90,084 | €180,889 | +€90,805 | +100.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,993 | €14,806 | -€3,188 | -17.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €460,000 | +€460,000 | |
| Other operating charges | 640/8 | €6,414 | €7,644 | +€1,230 | +19.2% |
| Non-recurring operating charges | 66A | - | €496,359 | +€496,359 | |
| Gross operating margin | 9900 | €170,184 | -€72,167 | -€242,351 | |
| Operating profit (loss) | 9901 | €145,777 | -€1,050,976 | -€1.2m | |
| Financial income | 75/76B | €540,997 | €0 | -€540,997 | -100.0% |
| Recurring financial income | 75 | €540,997 | €0 | -€540,997 | -100.0% |
| Financial charges | 65/66B | €90,526 | €94,158 | +€3,631 | +4.0% |
| Recurring financial charges | 65 | €90,526 | €94,158 | +€3,631 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €596,247 | -€1,145,134 | -€1.7m | |
| Income taxes | 67/77 | €174 | €772 | +€598 | +342.8% |
| Profit (loss) for the period | 9904 | €596,073 | -€1,145,906 | -€1.7m | |
| Profit (loss) for the period to be appropriated | 9905 | €596,073 | -€1,145,906 | -€1.7m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.