RONOH: 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.
What changed
RONOH
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€228,116
2024 · €246,787-€18,671
Equity
€1.3m
2024 · €1.1m+€138,116
Cash
€1.5m
2024 · €785,870+€680,521
Balance sheet total
€2.6m
2024 · €2.6m-€18,330
Largest movements
Assets
- Stocks and contracts -€809,060
down €809,060 (-84.6%), from €956,271 to €147,211
- Cash +€680,521
up €680,521 (+86.6%), from €785,870 to €1.5m
mainly Stocks and contracts (+€809,060) and Net result for the year (+€228,116)
- Receivables within one year +€106,375
up €106,375 (+18.8%), from €565,784 to €672,159
of which Trade receivables: +€243,140
- Deferred charges and accrued income +€99,563
up €99,563 (+273.5%), from €36,408 to €135,971
- Receivables after one year -€75,000
down €75,000 (-62.5%), from €120,000 to €45,000
Equity and liabilities
- Tax, wage and social debts -€164,154
down €164,154 (-52.2%), from €314,392 to €150,239
of which Taxes: -€193,878
- Reserves +€138,116
up €138,116 (+15.6%), from €882,651 to €1.0m
of which Distributable reserves: +€74,966
- Trade debts +€30,928
up €30,928 (+3.4%), from €913,958 to €944,885
Income statement
- Staff costs +€284,046
up €284,046 (+25.9%), from €1.1m to €1.4m
- Gross operating margin +€265,617
up €265,617 (+17.5%), from €1.5m to €1.8m
- Financial income -€21,683
down €21,683 (-75.4%), from €28,777 to €7,093
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.
Result 2024
€246,787
Gross operating margin
+€265,617
Staff costs
-€284,046
Depreciation
+€120
Other operating charges
+€4,657
Other operating items
+€9,805
Financial income
-€21,683
Financial charges
+€2,882
Taxes
+€3,977
Result 2025
€228,116
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.
From operations
+€819,378
Investment
-€31,796
Financing
-€107,061
Cash 2024
€785,870
From operations (derived)
+€819,378
Net result for the year
+€228,116
Depreciation
+€52,524
Receivables after one year
+€75,000
Stocks and contracts
+€809,060
Receivables within one year
-€106,375
Deferred charges and accrued income
-€99,563
Trade debts
+€30,928
Tax, wage and social debts
-€164,154
Other debts
-€6,191
Accrued charges and deferred income
+€31
Investment (derived)
-€31,796
Investment in fixed assets (net)
-€31,796
Financing
-€107,061
Debts after one year
-€8,322
Current portion of long-term debt
-€904
Short-term financial debts
-€7,834
Contributions, distributions and other
-€90,000
Cash 2025
€1.5m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,601,432 | €2,583,102 | -€18,330 | -0.7% |
| Fixed assets | 21/28 | €137,098 | €116,370 | -€20,728 | -15.1% |
| Tangible fixed assets | 22/27 | €135,795 | €115,066 | -€20,728 | -15.3% |
| Furniture and vehicles | 24 | €73,379 | €69,821 | -€3,557 | -4.8% |
| Leasing and similar rights | 25 | €57,251 | €41,199 | -€16,052 | -28.0% |
| Other tangible fixed assets | 26 | €5,165 | €4,046 | -€1,119 | -21.7% |
| Financial fixed assets | 28 | €1,304 | €1,304 | = | 0.0% |
| Current assets | 29/58 | €2,464,334 | €2,466,732 | +€2,398 | +0.1% |
| Amounts receivable after more than one year | 29 | €120,000 | €45,000 | -€75,000 | -62.5% |
| Other amounts receivable | 291 | €120,000 | €45,000 | -€75,000 | -62.5% |
| Stocks and contracts in progress | 3 | €956,271 | €147,211 | -€809,060 | -84.6% |
| Contracts in progress | 37 | €956,271 | €147,211 | -€809,060 | -84.6% |
| Amounts receivable within one year | 40/41 | €565,784 | €672,159 | +€106,375 | +18.8% |
| Trade receivables | 40 | €319,242 | €562,383 | +€243,140 | +76.2% |
| Other amounts receivable | 41 | €246,542 | €109,776 | -€136,766 | -55.5% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €785,870 | €1,466,392 | +€680,521 | +86.6% |
| Deferred charges and accrued income | 490/1 | €36,408 | €135,971 | +€99,563 | +273.5% |
| Total equity and liabilities | 10/49 | €2,601,432 | €2,583,102 | -€18,330 | -0.7% |
| Equity | 10/15 | €1,130,545 | €1,268,661 | +€138,116 | +12.2% |
| Contributions | 10/11 | €247,894 | €247,894 | = | 0.0% |
| Capital | 10 | €247,894 | €247,894 | = | 0.0% |
| Issued capital | 100 | €247,894 | €247,894 | = | 0.0% |
| Reserves | 13 | €882,651 | €1,020,767 | +€138,116 | +15.6% |
| Non-distributable reserves | 130/1 | €24,789 | €24,789 | = | 0.0% |
| Legal reserve | 130 | €24,789 | €24,789 | = | 0.0% |
| Tax-exempt reserves | 132 | €63,150 | €126,300 | +€63,150 | +100.0% |
| Distributable reserves | 133 | €794,712 | €869,678 | +€74,966 | +9.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,470,887 | €1,314,441 | -€156,446 | -10.6% |
| Amounts payable after more than one year | 17 | €83,339 | €75,016 | -€8,322 | -10.0% |
| Financial debts | 170/4 | €83,339 | €75,016 | -€8,322 | -10.0% |
| Amounts payable within one year | 42/48 | €1,387,548 | €1,239,393 | -€148,155 | -10.7% |
| Current portion of amounts payable after more than one year | 42 | €33,250 | €32,346 | -€904 | -2.7% |
| Financial debts | 43 | €29,757 | €21,923 | -€7,834 | -26.3% |
| Credit institutions | 430/8 | €29,757 | €21,923 | -€7,834 | -26.3% |
| Trade debts | 44 | €913,958 | €944,885 | +€30,928 | +3.4% |
| Suppliers | 440/4 | €913,958 | €944,885 | +€30,928 | +3.4% |
| Taxes, remuneration and social security | 45 | €314,392 | €150,239 | -€164,154 | -52.2% |
| Taxes | 450/3 | €227,248 | €33,370 | -€193,878 | -85.3% |
| Remuneration and social security | 454/9 | €87,144 | €116,869 | +€29,725 | +34.1% |
| Other amounts payable | 47/48 | €96,191 | €90,000 | -€6,191 | -6.4% |
| Accrued charges and deferred income | 492/3 | €0 | €31 | +€31 | |
| Non-recurring operating income | 76A | €86,377 | €2,000 | -€84,377 | -97.7% |
| Remuneration, social security and pensions | 62 | €1,096,475 | €1,380,521 | +€284,046 | +25.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,644 | €52,524 | -€120 | -0.2% |
| Other operating charges | 640/8 | €9,601 | €4,944 | -€4,657 | -48.5% |
| Non-recurring operating charges | 66A | €9,805 | €0 | -€9,805 | -100.0% |
| Gross operating margin | 9900 | €1,521,165 | €1,786,782 | +€265,617 | +17.5% |
| Operating profit (loss) | 9901 | €352,640 | €348,793 | -€3,847 | -1.1% |
| Financial income | 75/76B | €28,777 | €7,093 | -€21,683 | -75.4% |
| Recurring financial income | 75 | €28,777 | €7,093 | -€21,683 | -75.4% |
| Financial charges | 65/66B | €20,515 | €17,633 | -€2,882 | -14.0% |
| Recurring financial charges | 65 | €20,515 | €17,633 | -€2,882 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €360,902 | €338,254 | -€22,648 | -6.3% |
| Income taxes | 67/77 | €114,115 | €110,138 | -€3,977 | -3.5% |
| Profit (loss) for the period | 9904 | €246,787 | €228,116 | -€18,671 | -7.6% |
| Transfer to tax-exempt reserves | 689 | €63,150 | €63,150 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €183,637 | €164,966 | -€18,671 | -10.2% |
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.