RED BACK: 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.
What changed
RED BACK
NACE 90.393, Specialised image, lighting and sound technical services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€4,482
2024 · €15,377-€19,859
Equity
-€545,983
2024 · -€541,501-€4,482
Cash
€7,366
2024 · €8,249-€883
Balance sheet total
€227,324
2024 · €230,096-€2,772
Largest movements
Assets
- Tangible fixed assets -€3,893
down €3,893 (-2.1%), from €185,035 to €181,142
of which Land and buildings: -€8,147
Equity and liabilities
- Debts after one year -€12,875
down €12,875 (-2.2%), from €592,797 to €579,922
- Current portion of long-term debt +€12,875
new in 2025: €12,875
- Short-term financial debts -€12,379
no longer reported in 2025 (was €12,379)
- Other debts +€7,241
up €7,241 (+4.6%), from €158,203 to €165,443
- Trade debts +€6,896
up €6,896 (+178.7%), from €3,859 to €10,755
Income statement
- Turnover -€88,627
no longer reported in 2025 (was €88,627)
- Purchases and services -€26,090
no longer reported in 2025 (was €26,090)
- Gross operating margin -€19,976
down €19,976 (-54.8%), from €36,442 to €16,466
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.
Result 2024
€15,377
Gross operating margin
-€19,976
Staff costs
+€476
Depreciation
-€789
Other operating charges
+€886
Financial income
-€27
Financial charges
-€429
Result 2025
-€4,482
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.
From operations
+€19,309
Investment
-€7,812
Financing
-€12,379
Cash 2024
€8,249
From operations (derived)
+€19,309
Net result for the year
-€4,482
Depreciation
+€11,705
Receivables within one year
-€883
Deferred charges and accrued income
-€1,121
Trade debts
+€6,896
Tax, wage and social debts
-€48
Other debts
+€7,241
Investment (derived)
-€7,812
Investment in fixed assets (net)
-€7,812
Financing
-€12,379
Debts after one year
-€12,875
Current portion of long-term debt
+€12,875
Short-term financial debts
-€12,379
Cash 2025
€7,366
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €230,096 | €227,324 | -€2,772 | -1.2% |
| Fixed assets | 21/28 | €185,035 | €181,142 | -€3,893 | -2.1% |
| Tangible fixed assets | 22/27 | €185,035 | €181,142 | -€3,893 | -2.1% |
| Land and buildings | 22 | €180,550 | €172,403 | -€8,147 | -4.5% |
| Plant, machinery and equipment | 23 | €60 | - | -€60 | |
| Furniture and vehicles | 24 | €3,924 | €8,240 | +€4,315 | +110.0% |
| Other tangible fixed assets | 26 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €45,061 | €46,181 | +€1,121 | +2.5% |
| Stocks and contracts in progress | 3 | €13,623 | €13,623 | = | 0.0% |
| Stocks | 30/36 | €13,623 | €13,623 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €23,114 | €23,997 | +€883 | +3.8% |
| Trade receivables | 40 | €23,114 | €23,303 | +€189 | +0.8% |
| Other amounts receivable | 41 | - | €694 | +€694 | |
| Cash at bank and in hand | 54/58 | €8,249 | €7,366 | -€883 | -10.7% |
| Deferred charges and accrued income | 490/1 | €74 | €1,195 | +€1,121 | +1506.9% |
| Total equity and liabilities | 10/49 | €230,096 | €227,324 | -€2,772 | -1.2% |
| Equity | 10/15 | -€541,501 | -€545,983 | -€4,482 | -0.8% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Outside capital | 11 | €40,000 | - | -€40,000 | |
| Share premium | 1100/10 | €40,000 | - | -€40,000 | |
| Profit (loss) carried forward | 14 | -€581,501 | -€585,983 | -€4,482 | -0.8% |
| Amounts payable | 17/49 | €771,597 | €773,306 | +€1,710 | +0.2% |
| Amounts payable after more than one year | 17 | €592,797 | €579,922 | -€12,875 | -2.2% |
| Financial debts | 170/4 | €592,797 | €579,922 | -€12,875 | -2.2% |
| Amounts payable within one year | 42/48 | €178,799 | €193,384 | +€14,585 | +8.2% |
| Current portion of amounts payable after more than one year | 42 | - | €12,875 | +€12,875 | |
| Financial debts | 43 | €12,379 | - | -€12,379 | |
| Credit institutions | 430/8 | €12,379 | - | -€12,379 | |
| Trade debts | 44 | €3,859 | €10,755 | +€6,896 | +178.7% |
| Suppliers | 440/4 | €3,859 | €10,755 | +€6,896 | +178.7% |
| Taxes, remuneration and social security | 45 | €4,358 | €4,310 | -€48 | -1.1% |
| Taxes | 450/3 | €4,117 | €4,196 | +€79 | +1.9% |
| Remuneration and social security | 454/9 | €241 | €114 | -€127 | -52.7% |
| Other amounts payable | 47/48 | €158,203 | €165,443 | +€7,241 | +4.6% |
| Turnover | 70 | €88,627 | - | -€88,627 | |
| Goods, raw materials, services and sundry goods | 60/61 | €26,090 | - | -€26,090 | |
| Remuneration, social security and pensions | 62 | €1,386 | €910 | -€476 | -34.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,916 | €11,705 | +€789 | +7.2% |
| Other operating charges | 640/8 | €2,242 | €1,356 | -€886 | -39.5% |
| Gross operating margin | 9900 | €36,442 | €16,466 | -€19,976 | -54.8% |
| Operating profit (loss) | 9901 | €21,898 | €2,495 | -€19,403 | -88.6% |
| Financial income | 75/76B | €28 | €0 | -€27 | -99.9% |
| Recurring financial income | 75 | €28 | €0 | -€27 | -99.9% |
| Financial charges | 65/66B | €6,548 | €6,977 | +€429 | +6.5% |
| Recurring financial charges | 65 | €6,548 | €6,977 | +€429 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | €15,377 | -€4,482 | -€19,859 | |
| Profit (loss) for the period | 9904 | €15,377 | -€4,482 | -€19,859 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,377 | -€4,482 | -€19,859 |
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 4 October 2026 via checked.be.