RONVAUX ET CO: 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.
RONVAUX ET CO
Largest movements
- Tangible fixed assets +€252,267
up €252,267 (+60.6%), from €416,503 to €668,770
of which Land and buildings: +€322,894
- Current investments -€182,384
down €182,384 (-11.1%), from €1.6m to €1.5m
- Receivables within one year -€121,438
down €121,438 (-32.0%), from €379,913 to €258,475
of which Other amounts receivable: -€146,229
- Cash -€67,043
down €67,043 (-43.3%), from €154,781 to €87,739
mainly Investment in fixed assets (net) (-€280,443) and Contributions, distributions and other (-€250,000)
- Other debts -€95,000
down €95,000 (-28.6%), from €332,500 to €237,500
- Debts after one year -€34,550
down €34,550 (-6.8%), from €509,612 to €475,062
- Gross operating margin +€157,185
up €157,185 (+111%), from €142,207 to €299,392
- Depreciation -€49,566
down €49,566 (-63.8%), from €77,742 to €28,176
- Taxes +€7,176
up €7,176 (+49.4%), from €14,514 to €21,689
- Financial income -€4,199
down €4,199 (-100%), from €4,199 to €0
of which Financial income: -€4,199
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 | €2,600,413 | €2,485,033 | -€115,380 | -4.4% |
| Fixed assets | 21/28 | €416,503 | €668,770 | +€252,267 | +60.6% |
| Tangible fixed assets | 22/27 | €416,503 | €668,770 | +€252,267 | +60.6% |
| Land and buildings | 22 | €313,265 | €636,159 | +€322,894 | +103% |
| Plant, machinery and equipment | 23 | €65,296 | €10,924 | -€54,372 | -83.3% |
| Furniture and vehicles | 24 | €37,942 | €21,687 | -€16,254 | -42.8% |
| Current assets | 29/58 | €2,183,910 | €1,816,263 | -€367,647 | -16.8% |
| Amounts receivable within one year | 40/41 | €379,913 | €258,475 | -€121,438 | -32.0% |
| Trade receivables | 40 | €233,684 | €258,475 | +€24,791 | +10.6% |
| Other amounts receivable | 41 | €146,229 | €0 | -€146,229 | -100% |
| Current investments | 50/53 | €1,648,247 | €1,465,863 | -€182,384 | -11.1% |
| Cash at bank and in hand | 54/58 | €154,781 | €87,739 | -€67,043 | -43.3% |
| Deferred charges and accrued income | 490/1 | €969 | €4,186 | +€3,217 | +332% |
| Total equity and liabilities | 10/49 | €2,600,413 | €2,485,033 | -€115,380 | -4.4% |
| Equity | 10/15 | €1,657,899 | €1,642,155 | -€15,744 | -0.9% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €1,497,523 | €1,481,779 | -€15,744 | -1.1% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €1,491,326 | €1,475,582 | -€15,744 | -1.1% |
| Profit (loss) carried forward | 14 | €98,402 | €98,402 | = | 0.0% |
| Amounts payable | 17/49 | €942,514 | €842,878 | -€99,636 | -10.6% |
| Amounts payable after more than one year | 17 | €509,612 | €475,062 | -€34,550 | -6.8% |
| Trade debts | 175 | €509,612 | €475,062 | -€34,550 | -6.8% |
| Amounts payable within one year | 42/48 | €432,614 | €367,235 | -€65,379 | -15.1% |
| Current portion of amounts payable after more than one year | 42 | €34,550 | €34,550 | = | 0.0% |
| Trade debts | 44 | €5,394 | €25,274 | +€19,880 | +369% |
| Suppliers | 440/4 | €5,394 | €25,274 | +€19,880 | +369% |
| Taxes, remuneration and social security | 45 | €60,170 | €69,911 | +€9,741 | +16.2% |
| Taxes | 450/3 | €60,170 | €69,911 | +€9,741 | +16.2% |
| Other amounts payable | 47/48 | €332,500 | €237,500 | -€95,000 | -28.6% |
| Accrued charges and deferred income | 492/3 | €287 | €581 | +€294 | +102% |
| Non-recurring operating income | 76A | €30,859 | €146,207 | +€115,348 | +374% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,742 | €28,176 | -€49,566 | -63.8% |
| Other operating charges | 640/8 | €6,179 | €6,352 | +€173 | +2.8% |
| Gross operating margin | 9900 | €142,207 | €299,392 | +€157,185 | +111% |
| Operating profit (loss) | 9901 | €58,286 | €264,864 | +€206,578 | +354% |
| Financial income | 75/76B | €4,199 | €0 | -€4,199 | -100% |
| Recurring financial income | 75 | €4,199 | €0 | -€4,199 | -100% |
| Non-recurring financial income | 76B | €4,199 | €0 | -€4,199 | -100% |
| Financial charges | 65/66B | €11,434 | €8,919 | -€2,515 | -22.0% |
| Recurring financial charges | 65 | €11,434 | €8,919 | -€2,515 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €51,051 | €255,945 | +€204,894 | +401% |
| Income taxes | 67/77 | €14,514 | €21,689 | +€7,176 | +49.4% |
| Profit (loss) for the period | 9904 | €36,537 | €234,256 | +€197,718 | +541% |
| Profit (loss) for the period to be appropriated | 9905 | €36,537 | €234,256 | +€197,718 | +541% |
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 27 October 2026 via checked.be.