RENCORP: 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.
RENCORP
Largest movements
- Receivables within one year -€53,101
down €53,101 (-28.3%), from €187,421 to €134,321
of which Other amounts receivable: -€27,199
- Tangible fixed assets -€5,657
down €5,657 (-60.7%), from €9,316 to €3,659
- Cash +€3,567
up €3,567 (+9.2%), from €38,746 to €42,313
mainly Receivables within one year (+€53,101) and Tax, wage and social debts (+€22,094)
- Deferred charges and accrued income -€3,223
down €3,223 (-68.4%), from €4,716 to €1,492
- Trade debts -€68,750
down €68,750 (-57.5%), from €119,557 to €50,808
- Tax, wage and social debts +€22,094
up €22,094 (+42.9%), from €51,539 to €73,634
of which Remuneration and social security: +€17,010
- Profit (loss) carried forward -€13,664
down €13,664 (-16.8%), from €81,394 to €67,729
- Other debts +€3,705
new in 2025: €3,705
- Staff costs +€65,733
up €65,733 (+34.0%), from €193,545 to €259,278
- Gross operating margin +€50,826
up €50,826 (+24.0%), from €211,840 to €262,665
- Financial charges +€6,703
up €6,703 (+125.7%), from €5,332 to €12,035
of which Non-recurring financial charges: +€6,671
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.
Cash bridge derived
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 | €264,350 | €207,736 | -€56,614 | -21.4% |
| Fixed assets | 21/28 | €9,867 | €4,210 | -€5,657 | -57.3% |
| Tangible fixed assets | 22/27 | €9,316 | €3,659 | -€5,657 | -60.7% |
| Furniture and vehicles | 24 | €9,316 | €3,659 | -€5,657 | -60.7% |
| Financial fixed assets | 28 | €552 | €552 | = | 0.0% |
| Current assets | 29/58 | €254,483 | €203,526 | -€50,957 | -20.0% |
| Stocks and contracts in progress | 3 | €23,600 | €25,400 | +€1,800 | +7.6% |
| Stocks | 30/36 | €23,600 | €25,400 | +€1,800 | +7.6% |
| Amounts receivable within one year | 40/41 | €187,421 | €134,321 | -€53,101 | -28.3% |
| Trade receivables | 40 | €142,089 | €116,187 | -€25,902 | -18.2% |
| Other amounts receivable | 41 | €45,332 | €18,133 | -€27,199 | -60.0% |
| Cash at bank and in hand | 54/58 | €38,746 | €42,313 | +€3,567 | +9.2% |
| Deferred charges and accrued income | 490/1 | €4,716 | €1,492 | -€3,223 | -68.4% |
| Total equity and liabilities | 10/49 | €264,350 | €207,736 | -€56,614 | -21.4% |
| Equity | 10/15 | €93,254 | €79,589 | -€13,664 | -14.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,394 | €67,729 | -€13,664 | -16.8% |
| Amounts payable | 17/49 | €171,097 | €128,147 | -€42,950 | -25.1% |
| Amounts payable within one year | 42/48 | €171,097 | €128,147 | -€42,950 | -25.1% |
| Trade debts | 44 | €119,557 | €50,808 | -€68,750 | -57.5% |
| Suppliers | 440/4 | €119,557 | €50,808 | -€68,750 | -57.5% |
| Taxes, remuneration and social security | 45 | €51,539 | €73,634 | +€22,094 | +42.9% |
| Taxes | 450/3 | €5,783 | €10,867 | +€5,084 | +87.9% |
| Remuneration and social security | 454/9 | €45,757 | €62,767 | +€17,010 | +37.2% |
| Other amounts payable | 47/48 | - | €3,705 | +€3,705 | |
| Non-recurring operating income | 76A | - | €8,824 | +€8,824 | |
| Remuneration, social security and pensions | 62 | €193,545 | €259,278 | +€65,733 | +34.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,596 | €5,657 | +€2,061 | +57.3% |
| Other operating charges | 640/8 | €2,103 | €1,736 | -€367 | -17.4% |
| Gross operating margin | 9900 | €211,840 | €262,665 | +€50,826 | +24.0% |
| Operating profit (loss) | 9901 | €12,596 | -€4,006 | -€16,602 | |
| Financial income | 75/76B | €3,568 | €5,155 | +€1,587 | +44.5% |
| Recurring financial income | 75 | €3,568 | €3,600 | +€33 | +0.9% |
| Non-recurring financial income | 76B | - | €1,555 | +€1,555 | |
| Financial charges | 65/66B | €5,332 | €12,035 | +€6,703 | +125.7% |
| Recurring financial charges | 65 | €184 | €216 | +€32 | +17.5% |
| Non-recurring financial charges | 66B | €5,147 | €11,818 | +€6,671 | +129.6% |
| Profit (loss) for the period before taxes | 9903 | €10,832 | -€10,886 | -€21,718 | |
| Income taxes | 67/77 | €3,155 | €2,779 | -€376 | -11.9% |
| Profit (loss) for the period | 9904 | €7,677 | -€13,664 | -€21,342 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,677 | -€13,664 | -€21,342 |
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 10 October 2026 via checked.be.