REN en 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.
REN en CO
Largest movements
- Receivables within one year +€8,292
up €8,292 (+12.5%), from €66,563 to €74,855
of which Other amounts receivable: +€8,649
- Current investments +€6,115
new in 2025: €6,115
- Cash -€5,217
down €5,217 (-90.0%), from €5,797 to €580
mainly Receivables within one year (-€8,292) and Investment in fixed assets (net) (-€6,765)
- Tangible fixed assets +€3,225
up €3,225 (+4.6%), from €70,797 to €74,023
of which Plant, machinery and equipment: +€6,164
- Reserves +€14,660
up €14,660 (+17.2%), from €85,284 to €99,944
of which Distributable reserves: +€14,660
- Current portion of long-term debt -€5,485
down €5,485 (-78.4%), from €7,000 to €1,515
- Tax, wage and social debts +€3,962
up €3,962 (+83.6%), from €4,739 to €8,701
- Gross operating margin -€9,176
down €9,176 (-25.0%), from €36,646 to €27,471
- Taxes -€2,514
down €2,514 (-20.5%), from €12,293 to €9,778
- Financial charges -€592
down €592 (-54.8%), from €1,080 to €488
of which Financial charges: -€325
- Depreciation +€536
up €536 (+17.8%), from €3,003 to €3,539
- Other operating charges -€462
down €462 (-14.2%), from €3,261 to €2,800
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 | €149,786 | €161,541 | +€11,754 | +7.8% |
| Fixed assets | 21/28 | €70,834 | €74,060 | +€3,225 | +4.6% |
| Tangible fixed assets | 22/27 | €70,797 | €74,023 | +€3,225 | +4.6% |
| Land and buildings | 22 | €66,742 | €66,000 | -€742 | -1.1% |
| Plant, machinery and equipment | 23 | - | €6,164 | +€6,164 | |
| Furniture and vehicles | 24 | €4,055 | €1,858 | -€2,197 | -54.2% |
| Financial fixed assets | 28 | €37 | €37 | = | 0.0% |
| Current assets | 29/58 | €78,952 | €87,481 | +€8,529 | +10.8% |
| Stocks and contracts in progress | 3 | €5,776 | €5,594 | -€182 | -3.1% |
| Stocks | 30/36 | €5,776 | €5,594 | -€182 | -3.1% |
| Amounts receivable within one year | 40/41 | €66,563 | €74,855 | +€8,292 | +12.5% |
| Trade receivables | 40 | €1,185 | €828 | -€357 | -30.1% |
| Other amounts receivable | 41 | €65,378 | €74,027 | +€8,649 | +13.2% |
| Current investments | 50/53 | - | €6,115 | +€6,115 | |
| Cash at bank and in hand | 54/58 | €5,797 | €580 | -€5,217 | -90.0% |
| Deferred charges and accrued income | 490/1 | €816 | €337 | -€479 | -58.7% |
| Total equity and liabilities | 10/49 | €149,786 | €161,541 | +€11,754 | +7.8% |
| Equity | 10/15 | €136,467 | €151,127 | +€14,660 | +10.7% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €85,284 | €99,944 | +€14,660 | +17.2% |
| Non-distributable reserves | 130/1 | €3,718 | €3,718 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,718 | €3,718 | = | 0.0% |
| Distributable reserves | 133 | €81,566 | €96,225 | +€14,660 | +18.0% |
| Profit (loss) carried forward | 14 | €13,999 | €13,999 | = | 0.0% |
| Amounts payable | 17/49 | €13,319 | €10,413 | -€2,905 | -21.8% |
| Amounts payable within one year | 42/48 | €13,319 | €10,413 | -€2,905 | -21.8% |
| Current portion of amounts payable after more than one year | 42 | €7,000 | €1,515 | -€5,485 | -78.4% |
| Financial debts | 43 | - | €9 | +€9 | |
| Credit institutions | 430/8 | - | €9 | +€9 | |
| Trade debts | 44 | €1,580 | €189 | -€1,391 | -88.0% |
| Suppliers | 440/4 | €1,580 | €189 | -€1,391 | -88.0% |
| Taxes, remuneration and social security | 45 | €4,739 | €8,701 | +€3,962 | +83.6% |
| Taxes | 450/3 | €4,739 | €8,701 | +€3,962 | +83.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,003 | €3,539 | +€536 | +17.8% |
| Other operating charges | 640/8 | €3,261 | €2,800 | -€462 | -14.2% |
| Gross operating margin | 9900 | €36,646 | €27,471 | -€9,176 | -25.0% |
| Operating profit (loss) | 9901 | €30,381 | €21,132 | -€9,250 | -30.4% |
| Financial income | 75/76B | €3,644 | €3,795 | +€151 | +4.1% |
| Recurring financial income | 75 | €3,614 | €3,795 | +€181 | +5.0% |
| Non-recurring financial income | 76B | €30 | - | -€30 | |
| Financial charges | 65/66B | €1,080 | €488 | -€592 | -54.8% |
| Recurring financial charges | 65 | €813 | €488 | -€325 | -39.9% |
| Non-recurring financial charges | 66B | €267 | - | -€267 | |
| Profit (loss) for the period before taxes | 9903 | €32,945 | €24,438 | -€8,507 | -25.8% |
| Income taxes | 67/77 | €12,293 | €9,778 | -€2,514 | -20.5% |
| Profit (loss) for the period | 9904 | €20,653 | €14,660 | -€5,993 | -29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,653 | €14,660 | -€5,993 | -29.0% |
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 29 October 2026 via checked.be.