REN GROUP: 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 GROUP
Largest movements
- Cash +€9,816
up €9,816 (+795%), from €1,235 to €11,051
mainly Net result for the year (+€8,961) and Trade debts (+€7,753)
- Receivables within one year +€6,886
up €6,886 (+56.8%), from €12,113 to €18,999
of which Trade receivables: +€5,503
- Profit (loss) carried forward +€8,961
up €8,961 (+298%), from €3,008 to €11,969
- Trade debts +€7,753
up €7,753 (+116%), from €6,692 to €14,445
- Gross operating margin +€26,596
up €26,596, from -€16,962 to €9,634
- Other operating charges -€739
down €739 (-86.4%), from €855 to €116
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,519 | €30,233 | +€16,714 | +124% |
| Formation expenses | 20 | €171 | - | -€171 | |
| Fixed assets | 21/28 | - | €183 | +€183 | |
| Financial fixed assets | 28 | - | €183 | +€183 | |
| Current assets | 29/58 | €13,348 | €30,050 | +€16,702 | +125% |
| Amounts receivable within one year | 40/41 | €12,113 | €18,999 | +€6,886 | +56.8% |
| Trade receivables | 40 | €11,644 | €17,147 | +€5,503 | +47.3% |
| Other amounts receivable | 41 | €469 | €1,852 | +€1,383 | +295% |
| Cash at bank and in hand | 54/58 | €1,235 | €11,051 | +€9,816 | +795% |
| Total equity and liabilities | 10/49 | €13,519 | €30,233 | +€16,714 | +124% |
| Equity | 10/15 | €5,208 | €14,169 | +€8,961 | +172% |
| Contributions | 10/11 | €2,200 | €2,200 | = | 0.0% |
| Contributions outside capital | 11 | €2,200 | €2,200 | = | 0.0% |
| Other | 1109/19 | €2,200 | €2,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,008 | €11,969 | +€8,961 | +298% |
| Amounts payable | 17/49 | €8,311 | €16,064 | +€7,753 | +93.3% |
| Amounts payable within one year | 42/48 | €8,311 | €16,064 | +€7,753 | +93.3% |
| Trade debts | 44 | €6,692 | €14,445 | +€7,753 | +116% |
| Suppliers | 440/4 | €6,692 | €14,445 | +€7,753 | +116% |
| Taxes, remuneration and social security | 45 | €1,591 | €1,591 | = | 0.0% |
| Taxes | 450/3 | €1,591 | €1,591 | = | 0.0% |
| Other amounts payable | 47/48 | €28 | €28 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €171 | €171 | = | 0.0% |
| Other operating charges | 640/8 | €855 | €116 | -€739 | -86.4% |
| Gross operating margin | 9900 | -€16,962 | €9,634 | +€26,596 | |
| Operating profit (loss) | 9901 | -€17,988 | €9,347 | +€27,335 | |
| Financial charges | 65/66B | €547 | €386 | -€161 | -29.4% |
| Recurring financial charges | 65 | €547 | €386 | -€161 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | -€18,535 | €8,961 | +€27,496 | |
| Profit (loss) for the period | 9904 | -€18,535 | €8,961 | +€27,496 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,535 | €8,961 | +€27,496 |
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 15 October 2026 via checked.be.