Carolien Redant: 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.
Carolien Redant
Largest movements
- Cash -€39,085
down €39,085 (-55.3%), from €70,720 to €31,634
mainly Contributions, distributions and other (-€61,749) and Investment in fixed assets (net) (-€21,202)
- Receivables within one year -€3,148
down €3,148 (-36.0%), from €8,733 to €5,586
of which Trade receivables: -€8,733
- Reserves -€30,562
no longer reported in 2025 (was €30,562)
- Current portion of long-term debt -€10,723
no longer reported in 2025 (was €10,723)
- Trade debts -€1,773
down €1,773 (-19.5%), from €9,102 to €7,329
- Gross operating margin -€8,564
down €8,564 (-11.9%), from €72,081 to €63,516
- Taxes -€1,890
down €1,890 (-18.0%), from €10,504 to €8,614
- Depreciation +€1,266
up €1,266 (+6.1%), from €20,698 to €21,964
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 | €130,794 | €87,389 | -€43,405 | -33.2% |
| Fixed assets | 21/28 | €49,981 | €49,220 | -€761 | -1.5% |
| Tangible fixed assets | 22/27 | €49,981 | €49,220 | -€761 | -1.5% |
| Land and buildings | 22 | €7,178 | €18,581 | +€11,403 | +159% |
| Plant, machinery and equipment | 23 | €788 | €2,288 | +€1,500 | +190% |
| Furniture and vehicles | 24 | €42,015 | €28,351 | -€13,664 | -32.5% |
| Current assets | 29/58 | €80,813 | €38,169 | -€42,644 | -52.8% |
| Amounts receivable within one year | 40/41 | €8,733 | €5,586 | -€3,148 | -36.0% |
| Trade receivables | 40 | €8,733 | - | -€8,733 | |
| Other amounts receivable | 41 | - | €5,586 | +€5,586 | |
| Cash at bank and in hand | 54/58 | €70,720 | €31,634 | -€39,085 | -55.3% |
| Deferred charges and accrued income | 490/1 | €1,360 | €949 | -€411 | -30.2% |
| Total equity and liabilities | 10/49 | €130,794 | €87,389 | -€43,405 | -33.2% |
| Equity | 10/15 | €33,062 | €2,500 | -€30,562 | -92.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €30,562 | - | -€30,562 | |
| Distributable reserves | 133 | €30,562 | - | -€30,562 | |
| Amounts payable | 17/49 | €97,732 | €84,889 | -€12,843 | -13.1% |
| Amounts payable within one year | 42/48 | €97,557 | €84,705 | -€12,852 | -13.2% |
| Current portion of amounts payable after more than one year | 42 | €10,723 | - | -€10,723 | |
| Trade debts | 44 | €9,102 | €7,329 | -€1,773 | -19.5% |
| Suppliers | 440/4 | €9,102 | €7,329 | -€1,773 | -19.5% |
| Taxes, remuneration and social security | 45 | €15,086 | €15,628 | +€542 | +3.6% |
| Taxes | 450/3 | €15,086 | €15,628 | +€542 | +3.6% |
| Other amounts payable | 47/48 | €62,646 | €61,749 | -€898 | -1.4% |
| Accrued charges and deferred income | 492/3 | €175 | €184 | +€9 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,698 | €21,964 | +€1,266 | +6.1% |
| Other operating charges | 640/8 | €1,157 | €1,470 | +€313 | +27.1% |
| Gross operating margin | 9900 | €72,081 | €63,516 | -€8,564 | -11.9% |
| Operating profit (loss) | 9901 | €50,226 | €40,083 | -€10,144 | -20.2% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €520 | €282 | -€238 | -45.9% |
| Recurring financial charges | 65 | €520 | €282 | -€238 | -45.9% |
| Profit (loss) for the period before taxes | 9903 | €49,707 | €39,801 | -€9,906 | -19.9% |
| Income taxes | 67/77 | €10,504 | €8,614 | -€1,890 | -18.0% |
| Profit (loss) for the period | 9904 | €39,202 | €31,187 | -€8,016 | -20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €39,202 | €31,187 | -€8,016 | -20.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.