RED 5: 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.
RED 5
Largest movements
- Cash -€5,716
down €5,716 (-23.9%), from €23,916 to €18,200
mainly Net result for the year (-€6,660)
- Profit (loss) carried forward -€6,660
down €6,660 (-19.4%), from -€34,256 to -€40,916
- Trade debts +€941
up €941 (+51.9%), from €1,813 to €2,754
- Financial charges -€83,023
down €83,023 (-99.3%), from €83,617 to €594
- Gross operating margin +€2,765
up €2,765 (+33.5%), from -€8,255 to -€5,491
- Other operating charges +€188
up €188 (+48.6%), from €387 to €576
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,557 | €28,837 | -€5,719 | -16.6% |
| Fixed assets | 21/28 | €4 | €4 | = | 0.0% |
| Financial fixed assets | 28 | €4 | €4 | = | 0.0% |
| Current assets | 29/58 | €34,553 | €28,833 | -€5,719 | -16.6% |
| Amounts receivable within one year | 40/41 | €8,696 | €8,696 | = | 0.0% |
| Other amounts receivable | 41 | €8,696 | €8,696 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €23,916 | €18,200 | -€5,716 | -23.9% |
| Deferred charges and accrued income | 490/1 | €1,941 | €1,938 | -€3 | -0.2% |
| Total equity and liabilities | 10/49 | €34,557 | €28,837 | -€5,719 | -16.6% |
| Equity | 10/15 | €15,744 | €9,084 | -€6,660 | -42.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,256 | -€40,916 | -€6,660 | -19.4% |
| Amounts payable | 17/49 | €18,813 | €19,754 | +€941 | +5.0% |
| Amounts payable within one year | 42/48 | €18,813 | €19,754 | +€941 | +5.0% |
| Trade debts | 44 | €1,813 | €2,754 | +€941 | +51.9% |
| Suppliers | 440/4 | €1,813 | €2,754 | +€941 | +51.9% |
| Other amounts payable | 47/48 | €17,000 | €17,000 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €576 | +€188 | +48.6% |
| Gross operating margin | 9900 | -€8,255 | -€5,491 | +€2,765 | +33.5% |
| Operating profit (loss) | 9901 | -€8,643 | -€6,066 | +€2,576 | +29.8% |
| Financial charges | 65/66B | €83,617 | €594 | -€83,023 | -99.3% |
| Recurring financial charges | 65 | €83,617 | €594 | -€83,023 | -99.3% |
| Profit (loss) for the period before taxes | 9903 | -€92,260 | -€6,660 | +€85,599 | +92.8% |
| Profit (loss) for the period | 9904 | -€92,260 | -€6,660 | +€85,599 | +92.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€92,260 | -€6,660 | +€85,599 | +92.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.