RONIC: 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.
RONIC
Largest movements
- Tangible fixed assets -€61,929
down €61,929 (-49.5%), from €125,154 to €63,226
of which Land and buildings: -€43,280
- Stocks and contracts +€17,898
up €17,898 (+37.5%), from €47,690 to €65,588
- Receivables within one year +€14,674
up €14,674 (+13.6%), from €107,970 to €122,644
of which Other amounts receivable: +€22,804
- Cash -€14,096
down €14,096 (-23.7%), from €59,453 to €45,357
mainly Net result for the year (-€35,150) and Stocks and contracts (-€17,898)
- Profit (loss) carried forward -€35,150
down €35,150 (-37.9%), from -€92,770 to -€127,920
- Current portion of long-term debt -€8,918
no longer reported in 2025 (was €8,918)
- Gross operating margin -€44,492
down €44,492 (-77.5%), from €57,405 to €12,912
- Depreciation -€19,389
down €19,389 (-36.9%), from €52,548 to €33,159
- Taxes -€10,000
down €10,000, from €0 to -€10,000
- Other operating charges +€1,996
up €1,996 (+32.1%), from €6,210 to €8,206
- Financial charges -€1,790
down €1,790 (-43.4%), from €4,128 to €2,338
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 | €344,412 | €301,244 | -€43,168 | -12.5% |
| Fixed assets | 21/28 | €125,154 | €63,226 | -€61,929 | -49.5% |
| Tangible fixed assets | 22/27 | €125,154 | €63,226 | -€61,929 | -49.5% |
| Land and buildings | 22 | €58,125 | €14,844 | -€43,280 | -74.5% |
| Plant, machinery and equipment | 23 | €26,135 | €15,619 | -€10,516 | -40.2% |
| Furniture and vehicles | 24 | €40,894 | €32,762 | -€8,132 | -19.9% |
| Current assets | 29/58 | €219,258 | €238,019 | +€18,761 | +8.6% |
| Stocks and contracts in progress | 3 | €47,690 | €65,588 | +€17,898 | +37.5% |
| Stocks | 30/36 | €47,690 | €65,588 | +€17,898 | +37.5% |
| Amounts receivable within one year | 40/41 | €107,970 | €122,644 | +€14,674 | +13.6% |
| Trade receivables | 40 | €96,199 | €88,068 | -€8,130 | -8.5% |
| Other amounts receivable | 41 | €11,771 | €34,576 | +€22,804 | +193.7% |
| Cash at bank and in hand | 54/58 | €59,453 | €45,357 | -€14,096 | -23.7% |
| Deferred charges and accrued income | 490/1 | €4,145 | €4,430 | +€285 | +6.9% |
| Total equity and liabilities | 10/49 | €344,412 | €301,244 | -€43,168 | -12.5% |
| Equity | 10/15 | €267,246 | €232,096 | -€35,150 | -13.2% |
| Contributions | 10/11 | €209,694 | €209,694 | = | 0.0% |
| Reserves | 13 | €150,321 | €150,321 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,969 | €20,969 | = | 0.0% |
| Reserves not available under the articles | 1311 | €20,969 | €20,969 | = | 0.0% |
| Distributable reserves | 133 | €129,352 | €129,352 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€92,770 | -€127,920 | -€35,150 | -37.9% |
| Amounts payable | 17/49 | €77,166 | €69,148 | -€8,018 | -10.4% |
| Amounts payable within one year | 42/48 | €77,166 | €69,148 | -€8,018 | -10.4% |
| Current portion of amounts payable after more than one year | 42 | €8,918 | - | -€8,918 | |
| Trade debts | 44 | €62,373 | €64,638 | +€2,264 | +3.6% |
| Suppliers | 440/4 | €62,373 | €64,638 | +€2,264 | +3.6% |
| Taxes, remuneration and social security | 45 | €5,875 | €3,260 | -€2,614 | -44.5% |
| Taxes | 450/3 | €5,875 | - | -€5,875 | |
| Remuneration and social security | 454/9 | - | €3,260 | +€3,260 | |
| Other amounts payable | 47/48 | €0 | €1,250 | +€1,250 | |
| Non-recurring operating income | 76A | €608 | - | -€608 | |
| Remuneration, social security and pensions | 62 | €3,564 | €3,020 | -€544 | -15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,548 | €33,159 | -€19,389 | -36.9% |
| Other operating charges | 640/8 | €6,210 | €8,206 | +€1,996 | +32.1% |
| Non-recurring operating charges | 66A | - | €11,368 | +€11,368 | |
| Gross operating margin | 9900 | €57,405 | €12,912 | -€44,492 | -77.5% |
| Operating profit (loss) | 9901 | -€4,917 | -€42,841 | -€37,923 | -771.2% |
| Financial income | 75/76B | €104 | €29 | -€75 | -71.9% |
| Recurring financial income | 75 | €104 | €29 | -€75 | -71.9% |
| Financial charges | 65/66B | €4,128 | €2,338 | -€1,790 | -43.4% |
| Recurring financial charges | 65 | €4,128 | €2,338 | -€1,790 | -43.4% |
| Profit (loss) for the period before taxes | 9903 | -€8,941 | -€45,150 | -€36,208 | -405.0% |
| Income taxes | 67/77 | €0 | -€10,000 | -€10,000 | |
| Profit (loss) for the period | 9904 | -€8,941 | -€35,150 | -€26,208 | -293.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,941 | -€35,150 | -€26,208 | -293.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.