RERO: what changed
Two fiscal 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
- Receivables within one year +€21,715
up €21,715 (+504.4%), from €4,305 to €26,020
of which Trade receivables: +€11,379
- Tangible fixed assets -€1,028
down €1,028 (-6.9%), from €14,941 to €13,914
of which Leasing and similar rights: -€5,733
- Reserves +€18,238
up €18,238 (+32.8%), from €55,542 to €73,780
- Tax, wage and social debts +€6,770
up €6,770 (+566.6%), from €1,195 to €7,965
of which Remuneration and social security: +€4,024
- Debts after one year -€4,836
down €4,836 (-65.3%), from €7,411 to €2,575
- Trade debts +€1,127
up €1,127 (+89.8%), from €1,256 to €2,383
- Other debts -€953
down €953 (-100.0%), from €953 to €0
- Gross operating margin -€4,852
down €4,852 (-10.8%), from €44,888 to €40,036
- Taxes +€2,643
up €2,643 (+30.0%), from €8,798 to €11,441
- Financial charges -€906
down €906 (-35.5%), from €2,553 to €1,647
- Financial income +€599
up €599 (+19968.0%), from €3 to €602
- Other operating charges +€523
up €523 (+19.6%), from €2,671 to €3,194
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 | €74,416 | €94,968 | +€20,552 | +27.6% |
| Fixed assets | 21/28 | €14,941 | €13,914 | -€1,028 | -6.9% |
| Tangible fixed assets | 22/27 | €14,941 | €13,914 | -€1,028 | -6.9% |
| Furniture and vehicles | 24 | €867 | €5,573 | +€4,706 | +542.9% |
| Leasing and similar rights | 25 | €14,074 | €8,341 | -€5,733 | -40.7% |
| Current assets | 29/58 | €59,475 | €81,055 | +€21,580 | +36.3% |
| Amounts receivable after more than one year | 29 | €17,902 | €17,902 | = | 0.0% |
| Other amounts receivable | 291 | €17,902 | €17,902 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,305 | €26,020 | +€21,715 | +504.4% |
| Trade receivables | 40 | €2,104 | €13,483 | +€11,379 | +540.9% |
| Other amounts receivable | 41 | €2,202 | €12,537 | +€10,336 | +469.5% |
| Cash at bank and in hand | 54/58 | €36,760 | €36,625 | -€135 | -0.4% |
| Deferred charges and accrued income | 490/1 | €508 | €508 | = | 0.0% |
| Total equity and liabilities | 10/49 | €74,416 | €94,968 | +€20,552 | +27.6% |
| Equity | 10/15 | €58,542 | €76,780 | +€18,238 | +31.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €55,542 | €73,780 | +€18,238 | +32.8% |
| Distributable reserves | 133 | €55,542 | €73,780 | +€18,238 | +32.8% |
| Amounts payable | 17/49 | €15,874 | €18,188 | +€2,314 | +14.6% |
| Amounts payable after more than one year | 17 | €7,411 | €2,575 | -€4,836 | -65.3% |
| Financial debts | 170/4 | €7,411 | €2,575 | -€4,836 | -65.3% |
| Amounts payable within one year | 42/48 | €8,463 | €15,613 | +€7,150 | +84.5% |
| Current portion of amounts payable after more than one year | 42 | €4,636 | €4,836 | +€200 | +4.3% |
| Financial debts | 43 | €423 | €429 | +€6 | +1.5% |
| Credit institutions | 430/8 | €423 | €429 | +€6 | +1.5% |
| Trade debts | 44 | €1,256 | €2,383 | +€1,127 | +89.8% |
| Suppliers | 440/4 | €1,256 | €2,383 | +€1,127 | +89.8% |
| Taxes, remuneration and social security | 45 | €1,195 | €7,965 | +€6,770 | +566.6% |
| Taxes | 450/3 | €1,195 | €3,941 | +€2,746 | +229.8% |
| Remuneration and social security | 454/9 | €0 | €4,024 | +€4,024 | |
| Other amounts payable | 47/48 | €953 | €0 | -€953 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,764 | €6,118 | +€354 | +6.1% |
| Other operating charges | 640/8 | €2,671 | €3,194 | +€523 | +19.6% |
| Gross operating margin | 9900 | €44,888 | €40,036 | -€4,852 | -10.8% |
| Operating profit (loss) | 9901 | €36,454 | €30,725 | -€5,729 | -15.7% |
| Financial income | 75/76B | €3 | €602 | +€599 | +19968.0% |
| Recurring financial income | 75 | €3 | €602 | +€599 | +19968.0% |
| Financial charges | 65/66B | €2,553 | €1,647 | -€906 | -35.5% |
| Recurring financial charges | 65 | €2,553 | €1,647 | -€906 | -35.5% |
| Profit (loss) for the period before taxes | 9903 | €33,903 | €29,679 | -€4,224 | -12.5% |
| Income taxes | 67/77 | €8,798 | €11,441 | +€2,643 | +30.0% |
| Profit (loss) for the period | 9904 | €25,105 | €18,238 | -€6,866 | -27.4% |
| Profit (loss) for the period to be appropriated | 9905 | €25,105 | €18,238 | -€6,866 | -27.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.