AL REDA: 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.
AL REDA
Largest movements
- Receivables within one year +€53,363
up €53,363 (+705%), from €7,574 to €60,937
of which Other amounts receivable: +€34,227
- Cash +€6,076
up €6,076 (+53.8%), from €11,303 to €17,379
mainly Trade debts (+€40,248) and Net result for the year (+€23,906)
- Stocks and contracts +€1,360
up €1,360 (+199%), from €685 to €2,045
- Trade debts +€40,248
up €40,248 (+484%), from €8,319 to €48,568
- Profit (loss) carried forward +€23,906
up €23,906 (+576%), from €4,151 to €28,057
- Tax, wage and social debts -€3,212
down €3,212 (-47.2%), from €6,800 to €3,588
of which Remuneration and social security: -€4,568
- Gross operating margin +€29,608
up €29,608 (+501%), from €5,910 to €35,518
- Staff costs +€8,067
new in 2025: €8,067
- Taxes +€865
new in 2025: €865
- Other operating charges +€616
up €616 (+123%), from €502 to €1,117
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 | €24,271 | €85,213 | +€60,942 | +251% |
| Formation expenses | 20 | €904 | €678 | -€226 | -25.0% |
| Fixed assets | 21/28 | €3,804 | €4,174 | +€370 | +9.7% |
| Tangible fixed assets | 22/27 | €3,804 | €4,174 | +€370 | +9.7% |
| Plant, machinery and equipment | 23 | €1,362 | €1,022 | -€341 | -25.0% |
| Furniture and vehicles | 24 | - | €1,321 | +€1,321 | |
| Other tangible fixed assets | 26 | €2,442 | €1,832 | -€611 | -25.0% |
| Current assets | 29/58 | €19,563 | €80,361 | +€60,798 | +311% |
| Stocks and contracts in progress | 3 | €685 | €2,045 | +€1,360 | +199% |
| Stocks | 30/36 | €685 | €2,045 | +€1,360 | +199% |
| Amounts receivable within one year | 40/41 | €7,574 | €60,937 | +€53,363 | +705% |
| Trade receivables | 40 | €6,314 | €25,450 | +€19,136 | +303% |
| Other amounts receivable | 41 | €1,261 | €35,487 | +€34,227 | +2,715% |
| Cash at bank and in hand | 54/58 | €11,303 | €17,379 | +€6,076 | +53.8% |
| Total equity and liabilities | 10/49 | €24,271 | €85,213 | +€60,942 | +251% |
| Equity | 10/15 | €9,151 | €33,057 | +€23,906 | +261% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | - | -€5,000 | |
| Other | 1109/19 | €5,000 | - | -€5,000 | |
| Profit (loss) carried forward | 14 | €4,151 | €28,057 | +€23,906 | +576% |
| Amounts payable | 17/49 | €15,119 | €52,156 | +€37,036 | +245% |
| Amounts payable within one year | 42/48 | €15,119 | €52,156 | +€37,036 | +245% |
| Trade debts | 44 | €8,319 | €48,568 | +€40,248 | +484% |
| Suppliers | 440/4 | €8,319 | €48,568 | +€40,248 | +484% |
| Taxes, remuneration and social security | 45 | €6,800 | €3,588 | -€3,212 | -47.2% |
| Taxes | 450/3 | €1,100 | €2,456 | +€1,356 | +123% |
| Remuneration and social security | 454/9 | €5,700 | €1,132 | -€4,568 | -80.1% |
| Remuneration, social security and pensions | 62 | - | €8,067 | +€8,067 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,177 | €1,509 | +€332 | +28.2% |
| Other operating charges | 640/8 | €502 | €1,117 | +€616 | +123% |
| Gross operating margin | 9900 | €5,910 | €35,518 | +€29,608 | +501% |
| Operating profit (loss) | 9901 | €4,232 | €24,824 | +€20,593 | +487% |
| Financial charges | 65/66B | €80 | €54 | -€26 | -32.5% |
| Recurring financial charges | 65 | €80 | €54 | -€26 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | €4,151 | €24,770 | +€20,619 | +497% |
| Income taxes | 67/77 | - | €865 | +€865 | |
| Profit (loss) for the period | 9904 | €4,151 | €23,906 | +€19,754 | +476% |
| Profit (loss) for the period to be appropriated | 9905 | €4,151 | €23,906 | +€19,754 | +476% |
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 19 October 2026 via checked.be.