RED 77: 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.
RED 77
Largest movements
- Receivables within one year -€12,263
down €12,263 (-25.9%), from €47,300 to €35,038
of which Trade receivables: -€13,158
- Cash +€2,666
up €2,666 (+1174.2%), from €227 to €2,893
mainly Receivables within one year (+€12,263) and Other debts (+€3,538)
- Deferred charges and accrued income +€887
up €887 (+41.3%), from €2,147 to €3,034
- Tax, wage and social debts -€8,325
down €8,325 (-52.9%), from €15,746 to €7,421
of which Taxes: -€5,381
- Other debts +€3,538
up €3,538 (+13.3%), from €26,637 to €30,175
- Trade debts -€3,405
down €3,405 (-58.8%), from €5,792 to €2,387
- Profit (loss) carried forward -€518
new in 2025: -€518
- Staff costs -€6,719
down €6,719 (-17.4%), from €38,561 to €31,841
- Gross operating margin -€5,145
down €5,145 (-11.3%), from €45,641 to €40,496
- Financial charges +€3,791
up €3,791 (+182.2%), from €2,080 to €5,871
- Other operating charges +€952
up €952 (+76.6%), from €1,242 to €2,194
- Taxes -€502
down €502 (-31.2%), from €1,609 to €1,107
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 | €49,675 | €40,965 | -€8,710 | -17.5% |
| Current assets | 29/58 | €49,675 | €40,965 | -€8,710 | -17.5% |
| Amounts receivable within one year | 40/41 | €47,300 | €35,038 | -€12,263 | -25.9% |
| Trade receivables | 40 | €45,231 | €32,073 | -€13,158 | -29.1% |
| Other amounts receivable | 41 | €2,069 | €2,964 | +€895 | +43.3% |
| Cash at bank and in hand | 54/58 | €227 | €2,893 | +€2,666 | +1174.2% |
| Deferred charges and accrued income | 490/1 | €2,147 | €3,034 | +€887 | +41.3% |
| Total equity and liabilities | 10/49 | €49,675 | €40,965 | -€8,710 | -17.5% |
| Equity | 10/15 | €1,500 | €982 | -€518 | -34.5% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€518 | -€518 | |
| Amounts payable | 17/49 | €48,175 | €39,983 | -€8,192 | -17.0% |
| Amounts payable within one year | 42/48 | €48,175 | €39,983 | -€8,192 | -17.0% |
| Trade debts | 44 | €5,792 | €2,387 | -€3,405 | -58.8% |
| Suppliers | 440/4 | €5,792 | €2,387 | -€3,405 | -58.8% |
| Taxes, remuneration and social security | 45 | €15,746 | €7,421 | -€8,325 | -52.9% |
| Taxes | 450/3 | €8,081 | €2,701 | -€5,381 | -66.6% |
| Remuneration and social security | 454/9 | €7,665 | €4,721 | -€2,944 | -38.4% |
| Other amounts payable | 47/48 | €26,637 | €30,175 | +€3,538 | +13.3% |
| Remuneration, social security and pensions | 62 | €38,561 | €31,841 | -€6,719 | -17.4% |
| Other operating charges | 640/8 | €1,242 | €2,194 | +€952 | +76.6% |
| Gross operating margin | 9900 | €45,641 | €40,496 | -€5,145 | -11.3% |
| Operating profit (loss) | 9901 | €5,837 | €6,460 | +€623 | +10.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,080 | €5,871 | +€3,791 | +182.2% |
| Recurring financial charges | 65 | €2,080 | €5,871 | +€3,791 | +182.2% |
| Profit (loss) for the period before taxes | 9903 | €3,758 | €589 | -€3,168 | -84.3% |
| Income taxes | 67/77 | €1,609 | €1,107 | -€502 | -31.2% |
| Profit (loss) for the period | 9904 | €2,149 | -€518 | -€2,666 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,149 | -€518 | -€2,666 |
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 12 October 2026 via checked.be.