RONMAN: 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.
What changed
RONMAN
NACE 64.210, Activities of holding companies
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€3,777
2023 · -€3,548+€7,326
Equity
€344,248
2023 · €340,471+€3,777
Cash
€68,060
2023 · €6,579+€61,481
Balance sheet total
€1.3m
2023 · €1.9m-€601,057
Largest movements
Assets
- Stocks and contracts -€605,128
down €605,128 (-73.7%), from €821,518 to €216,390
- Cash +€61,481
up €61,481 (+934%), from €6,579 to €68,060
mainly Stocks and contracts (+€605,128) and Depreciation (+€55,345)
- Tangible fixed assets -€40,070
down €40,070 (-4.2%), from €952,618 to €912,548
of which Land and buildings: -€24,103
Equity and liabilities
- Short-term financial debts -€348,398
down €348,398 (-100%), from €348,398 to €0
- Debts after one year -€247,226
down €247,226 (-26.2%), from €943,608 to €696,382
Income statement
- Depreciation +€27,741
up €27,741 (+100%), from €27,604 to €55,345
- Financial charges -€22,428
down €22,428 (-46.7%), from €48,019 to €25,591
- Gross operating margin -€11,268
down €11,268 (-7.7%), from €146,080 to €134,812
From the 2023 result to the 2024 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.
Result 2023
-€3,548
Gross operating margin
-€11,268
Depreciation
-€27,741
Other operating charges
-€820
Other operating items
+€24,500
Financial income
+€226
Financial charges
+€22,428
Result 2024
€3,777
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€671,474
Investment
-€15,275
Financing
-€594,718
Cash 2023
€6,579
From operations (derived)
+€671,474
Net result for the year
+€3,777
Depreciation
+€55,345
Stocks and contracts
+€605,128
Receivables within one year
+€10,827
Deferred charges and accrued income
+€6,513
Smaller working-capital items
-€640
Other debts
-€9,476
Investment (derived)
-€15,275
Investment in fixed assets (net)
-€15,275
Financing
-€594,718
Debts after one year
-€247,226
Current portion of long-term debt
+€906
Short-term financial debts
-€348,398
Cash 2024
€68,060
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,938,100 | €1,337,043 | -€601,057 | -31.0% |
| Fixed assets | 21/28 | €952,618 | €912,548 | -€40,070 | -4.2% |
| Tangible fixed assets | 22/27 | €952,618 | €912,548 | -€40,070 | -4.2% |
| Land and buildings | 22 | €889,199 | €865,096 | -€24,103 | -2.7% |
| Furniture and vehicles | 24 | €62,499 | €43,413 | -€19,085 | -30.5% |
| Other tangible fixed assets | 26 | €921 | €4,039 | +€3,118 | +339% |
| Current assets | 29/58 | €985,482 | €424,495 | -€560,987 | -56.9% |
| Stocks and contracts in progress | 3 | €821,518 | €216,390 | -€605,128 | -73.7% |
| Stocks | 30/36 | €821,518 | €216,390 | -€605,128 | -73.7% |
| Amounts receivable within one year | 40/41 | €145,777 | €134,950 | -€10,827 | -7.4% |
| Trade receivables | 40 | €42,362 | €55,149 | +€12,787 | +30.2% |
| Other amounts receivable | 41 | €103,415 | €79,800 | -€23,615 | -22.8% |
| Cash at bank and in hand | 54/58 | €6,579 | €68,060 | +€61,481 | +934% |
| Deferred charges and accrued income | 490/1 | €11,608 | €5,095 | -€6,513 | -56.1% |
| Total equity and liabilities | 10/49 | €1,938,100 | €1,337,043 | -€601,057 | -31.0% |
| Equity | 10/15 | €340,471 | €344,248 | +€3,777 | +1.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €353,507 | €353,507 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €353,507 | €353,507 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,636 | -€27,859 | +€3,777 | +11.9% |
| Provisions and deferred taxes | 16 | €134,861 | €134,861 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €134,861 | €134,861 | = | 0.0% |
| Pensions and similar obligations | 160 | €134,861 | €134,861 | = | 0.0% |
| Amounts payable | 17/49 | €1,462,769 | €857,935 | -€604,834 | -41.3% |
| Amounts payable after more than one year | 17 | €943,608 | €696,382 | -€247,226 | -26.2% |
| Financial debts | 170/4 | €943,608 | €696,382 | -€247,226 | -26.2% |
| Amounts payable within one year | 42/48 | €519,161 | €161,552 | -€357,608 | -68.9% |
| Current portion of amounts payable after more than one year | 42 | €46,320 | €47,226 | +€906 | +2.0% |
| Financial debts | 43 | €348,398 | €0 | -€348,398 | -100% |
| Credit institutions | 430/8 | €348,398 | €0 | -€348,398 | -100% |
| Trade debts | 44 | €3,302 | €2,945 | -€357 | -10.8% |
| Suppliers | 440/4 | €3,302 | €2,945 | -€357 | -10.8% |
| Taxes, remuneration and social security | 45 | €611 | €327 | -€284 | -46.4% |
| Taxes | 450/3 | €611 | €327 | -€284 | -46.4% |
| Other amounts payable | 47/48 | €120,530 | €111,054 | -€9,476 | -7.9% |
| Non-recurring operating income | 76A | - | €3,515 | +€3,515 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,604 | €55,345 | +€27,741 | +100% |
| Other operating charges | 640/8 | €49,510 | €50,330 | +€820 | +1.7% |
| Non-recurring operating charges | 66A | €24,500 | €0 | -€24,500 | -100% |
| Gross operating margin | 9900 | €146,080 | €134,812 | -€11,268 | -7.7% |
| Operating profit (loss) | 9901 | €44,466 | €29,137 | -€15,329 | -34.5% |
| Financial income | 75/76B | €5 | €232 | +€226 | +4,232% |
| Recurring financial income | 75 | €5 | €232 | +€226 | +4,232% |
| Financial charges | 65/66B | €48,019 | €25,591 | -€22,428 | -46.7% |
| Recurring financial charges | 65 | €48,019 | €25,591 | -€22,428 | -46.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,548 | €3,777 | +€7,326 | |
| Profit (loss) for the period | 9904 | -€3,548 | €3,777 | +€7,326 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,548 | €3,777 | +€7,326 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.