RERO: 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.
RERO
Largest movements
- Cash +€183,244
up €183,244 (+87.1%), from €210,446 to €393,690
mainly Current portion of long-term debt (+€2.9m) and Net result for the year (+€111,479)
- Tangible fixed assets -€99,257
down €99,257 (-2.8%), from €3.5m to €3.4m
- Debts after one year -€2.9m
down €2.9m (-100%), from €2.9m to €0
- Current portion of long-term debt +€2.9m
new in 2025: €2.9m
- Reserves +€220,666
up €220,666 (+162%), from €136,345 to €357,011
- Profit (loss) carried forward -€109,187
down €109,187 (-100%), from €109,187 to €0
- Write-downs +€54,431
new in 2025: €54,431
- Financial charges -€44,725
down €44,725 (-29.7%), from €150,473 to €105,748
- Gross operating margin +€6,030
up €6,030 (+1.3%), from €453,396 to €459,426
- Financial income +€5,107
up €5,107 (+106%), from €4,839 to €9,946
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 | €4,149,068 | €4,252,265 | +€103,197 | +2.5% |
| Fixed assets | 21/28 | €3,538,622 | €3,439,365 | -€99,257 | -2.8% |
| Tangible fixed assets | 22/27 | €3,537,791 | €3,438,534 | -€99,257 | -2.8% |
| Land and buildings | 22 | €3,537,791 | €3,438,534 | -€99,257 | -2.8% |
| Financial fixed assets | 28 | €831 | €831 | = | 0.0% |
| Current assets | 29/58 | €610,447 | €812,900 | +€202,453 | +33.2% |
| Amounts receivable within one year | 40/41 | €394,058 | €407,727 | +€13,669 | +3.5% |
| Trade receivables | 40 | €47,758 | €57,187 | +€9,429 | +19.7% |
| Other amounts receivable | 41 | €346,300 | €350,540 | +€4,240 | +1.2% |
| Cash at bank and in hand | 54/58 | €210,446 | €393,690 | +€183,244 | +87.1% |
| Deferred charges and accrued income | 490/1 | €5,942 | €11,483 | +€5,541 | +93.3% |
| Total equity and liabilities | 10/49 | €4,149,068 | €4,252,265 | +€103,197 | +2.5% |
| Equity | 10/15 | €1,132,712 | €1,244,191 | +€111,479 | +9.8% |
| Contributions | 10/11 | €887,180 | €887,180 | = | 0.0% |
| Reserves | 13 | €136,345 | €357,011 | +€220,666 | +162% |
| Distributable reserves | 133 | €136,345 | €357,011 | +€220,666 | +162% |
| Profit (loss) carried forward | 14 | €109,187 | €0 | -€109,187 | -100% |
| Amounts payable | 17/49 | €3,016,356 | €3,008,074 | -€8,282 | -0.3% |
| Amounts payable after more than one year | 17 | €2,874,500 | €0 | -€2.9m | -100% |
| Financial debts | 170/4 | €2,874,500 | €0 | -€2.9m | -100% |
| Amounts payable within one year | 42/48 | €103,796 | €2,960,361 | +€2.9m | +2,752% |
| Current portion of amounts payable after more than one year | 42 | - | €2,874,500 | +€2.9m | |
| Trade debts | 44 | €5,766 | €2,875 | -€2,891 | -50.1% |
| Suppliers | 440/4 | €5,766 | €2,875 | -€2,891 | -50.1% |
| Advances received on contracts in progress | 46 | €6,617 | €0 | -€6,617 | -100% |
| Taxes, remuneration and social security | 45 | €89,914 | €81,486 | -€8,428 | -9.4% |
| Taxes | 450/3 | €89,914 | €81,486 | -€8,428 | -9.4% |
| Other amounts payable | 47/48 | €1,500 | €1,500 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €38,060 | €47,713 | +€9,653 | +25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,257 | €99,257 | +€0 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €54,431 | +€54,431 | |
| Other operating charges | 640/8 | €57,405 | €58,890 | +€1,485 | +2.6% |
| Gross operating margin | 9900 | €453,396 | €459,426 | +€6,030 | +1.3% |
| Operating profit (loss) | 9901 | €296,735 | €246,849 | -€49,886 | -16.8% |
| Financial income | 75/76B | €4,839 | €9,946 | +€5,107 | +106% |
| Recurring financial income | 75 | €4,839 | €9,946 | +€5,107 | +106% |
| Financial charges | 65/66B | €150,473 | €105,748 | -€44,725 | -29.7% |
| Recurring financial charges | 65 | €150,473 | €105,748 | -€44,725 | -29.7% |
| Profit (loss) for the period before taxes | 9903 | €151,101 | €151,047 | -€54 | 0.0% |
| Income taxes | 67/77 | €41,914 | €39,568 | -€2,345 | -5.6% |
| Profit (loss) for the period | 9904 | €109,187 | €111,479 | +€2,292 | +2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €109,187 | €111,479 | +€2,292 | +2.1% |
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 17 October 2026 via checked.be.