R-ENERGY: 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.
R-ENERGY
Largest movements
- Tangible fixed assets -€17,123
down €17,123 (-34.2%), from €50,120 to €32,997
- Deferred charges and accrued income -€13,222
down €13,222 (-88.5%), from €14,945 to €1,723
- Cash +€11,600
up €11,600 (+4,890%), from €237 to €11,837
mainly Deferred charges and accrued income (+€13,222) and Depreciation (+€11,957)
- Receivables within one year -€1,481
down €1,481 (-7.1%), from €20,990 to €19,508
of which Other amounts receivable: -€753
- Debts after one year -€10,621
down €10,621 (-34.0%), from €31,230 to €20,609
- Tax, wage and social debts -€8,348
down €8,348 (-68.4%), from €12,204 to €3,856
of which Taxes: -€10,998
- Profit (loss) carried forward -€5,170
down €5,170, from €1,488 to -€3,683
- Other debts +€2,281
up €2,281 (+680%), from €335 to €2,616
- Trade debts +€1,217
up €1,217 (+91.5%), from €1,329 to €2,546
- Gross operating margin -€11,720
down €11,720 (-55.7%), from €21,036 to €9,316
- Depreciation -€3,356
down €3,356 (-21.9%), from €15,313 to €11,957
- Taxes -€731
no longer reported in 2025 (was €731)
- Financial charges -€547
down €547 (-24.6%), from €2,223 to €1,676
- Other operating charges -€501
down €501 (-37.0%), from €1,355 to €854
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 | €86,292 | €66,066 | -€20,226 | -23.4% |
| Fixed assets | 21/28 | €50,120 | €32,997 | -€17,123 | -34.2% |
| Tangible fixed assets | 22/27 | €50,120 | €32,997 | -€17,123 | -34.2% |
| Furniture and vehicles | 24 | €50,120 | €32,997 | -€17,123 | -34.2% |
| Current assets | 29/58 | €36,172 | €33,069 | -€3,103 | -8.6% |
| Amounts receivable within one year | 40/41 | €20,990 | €19,508 | -€1,481 | -7.1% |
| Trade receivables | 40 | €19,045 | €18,317 | -€728 | -3.8% |
| Other amounts receivable | 41 | €1,945 | €1,192 | -€753 | -38.7% |
| Cash at bank and in hand | 54/58 | €237 | €11,837 | +€11,600 | +4,890% |
| Deferred charges and accrued income | 490/1 | €14,945 | €1,723 | -€13,222 | -88.5% |
| Total equity and liabilities | 10/49 | €86,292 | €66,066 | -€20,226 | -23.4% |
| Equity | 10/15 | €30,988 | €25,817 | -€5,170 | -16.7% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €29,000 | €29,000 | = | 0.0% |
| Distributable reserves | 133 | €29,000 | €29,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,488 | -€3,683 | -€5,170 | |
| Amounts payable | 17/49 | €55,304 | €40,249 | -€15,056 | -27.2% |
| Amounts payable after more than one year | 17 | €31,230 | €20,609 | -€10,621 | -34.0% |
| Financial debts | 170/4 | €31,230 | €20,609 | -€10,621 | -34.0% |
| Amounts payable within one year | 42/48 | €24,074 | €19,640 | -€4,434 | -18.4% |
| Current portion of amounts payable after more than one year | 42 | €10,205 | €10,621 | +€416 | +4.1% |
| Trade debts | 44 | €1,329 | €2,546 | +€1,217 | +91.5% |
| Suppliers | 440/4 | €1,329 | €2,546 | +€1,217 | +91.5% |
| Taxes, remuneration and social security | 45 | €12,204 | €3,856 | -€8,348 | -68.4% |
| Taxes | 450/3 | €12,204 | €1,206 | -€10,998 | -90.1% |
| Remuneration and social security | 454/9 | €0 | €2,650 | +€2,650 | |
| Other amounts payable | 47/48 | €335 | €2,616 | +€2,281 | +680% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €11,834 | - | -€11,834 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,313 | €11,957 | -€3,356 | -21.9% |
| Other operating charges | 640/8 | €1,355 | €854 | -€501 | -37.0% |
| Gross operating margin | 9900 | €21,036 | €9,316 | -€11,720 | -55.7% |
| Operating profit (loss) | 9901 | €4,368 | -€3,495 | -€7,863 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €2,223 | €1,676 | -€547 | -24.6% |
| Recurring financial charges | 65 | €2,223 | €1,676 | -€547 | -24.6% |
| Profit (loss) for the period before taxes | 9903 | €2,144 | -€5,170 | -€7,315 | |
| Income taxes | 67/77 | €731 | - | -€731 | |
| Profit (loss) for the period | 9904 | €1,413 | -€5,170 | -€6,583 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,413 | -€5,170 | -€6,583 |
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 15 October 2026 via checked.be.