REN UA: 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 UA
Largest movements
- Cash -€50,152
down €50,152 (-94.3%), from €53,184 to €3,032
mainly Receivables within one year (-€25,671) and Investment in fixed assets (net) (-€15,473)
- Receivables within one year +€25,671
up €25,671 (+496%), from €5,174 to €30,846
of which Trade receivables: +€27,833
- Tangible fixed assets +€13,319
new in 2025: €13,319
- Profit (loss) carried forward -€5,425
down €5,425 (-13.6%), from €39,822 to €34,397
- Tax, wage and social debts -€3,107
down €3,107 (-31.2%), from €9,956 to €6,849
- Trade debts -€1,975
down €1,975 (-73.0%), from €2,705 to €729
- Other debts -€654
down €654 (-11.1%), from €5,876 to €5,222
- Gross operating margin -€52,859
down €52,859, from €50,196 to -€2,663
- Taxes -€9,956
no longer reported in 2025 (was €9,956)
- Depreciation +€2,153
new in 2025: €2,153
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 | €58,359 | €47,197 | -€11,161 | -19.1% |
| Fixed assets | 21/28 | - | €13,319 | +€13,319 | |
| Tangible fixed assets | 22/27 | - | €13,319 | +€13,319 | |
| Furniture and vehicles | 24 | - | €13,319 | +€13,319 | |
| Current assets | 29/58 | €58,359 | €33,878 | -€24,480 | -41.9% |
| Amounts receivable within one year | 40/41 | €5,174 | €30,846 | +€25,671 | +496% |
| Trade receivables | 40 | €3,013 | €30,846 | +€27,833 | +924% |
| Other amounts receivable | 41 | €2,162 | - | -€2,162 | |
| Cash at bank and in hand | 54/58 | €53,184 | €3,032 | -€50,152 | -94.3% |
| Total equity and liabilities | 10/49 | €58,359 | €47,197 | -€11,161 | -19.1% |
| Equity | 10/15 | €39,822 | €34,397 | -€5,425 | -13.6% |
| Profit (loss) carried forward | 14 | €39,822 | €34,397 | -€5,425 | -13.6% |
| Amounts payable | 17/49 | €18,536 | €12,800 | -€5,736 | -30.9% |
| Amounts payable within one year | 42/48 | €18,536 | €12,800 | -€5,736 | -30.9% |
| Trade debts | 44 | €2,705 | €729 | -€1,975 | -73.0% |
| Suppliers | 440/4 | €2,705 | €729 | -€1,975 | -73.0% |
| Taxes, remuneration and social security | 45 | €9,956 | €6,849 | -€3,107 | -31.2% |
| Taxes | 450/3 | €9,956 | €6,849 | -€3,107 | -31.2% |
| Other amounts payable | 47/48 | €5,876 | €5,222 | -€654 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,153 | +€2,153 | |
| Other operating charges | 640/8 | €387 | €500 | +€112 | +29.0% |
| Gross operating margin | 9900 | €50,196 | -€2,663 | -€52,859 | |
| Operating profit (loss) | 9901 | €49,808 | -€5,316 | -€55,125 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €30 | €109 | +€79 | +259% |
| Recurring financial charges | 65 | €30 | €109 | +€79 | +259% |
| Profit (loss) for the period before taxes | 9903 | €49,778 | -€5,425 | -€55,203 | |
| Income taxes | 67/77 | €9,956 | - | -€9,956 | |
| Profit (loss) for the period | 9904 | €39,822 | -€5,425 | -€45,248 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,822 | -€5,425 | -€45,248 |
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 25 October 2026 via checked.be.