RED BEAM: 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 BEAM
Largest movements
- Tangible fixed assets -€12,919
down €12,919 (-6.4%), from €200,533 to €187,615
of which Land and buildings: -€8,492
- Deferred charges and accrued income +€8,500
up €8,500 (+49.4%), from €17,200 to €25,700
- Cash -€2,322
down €2,322 (-62.9%), from €3,691 to €1,369
mainly Debts after one year (-€19,000) and Deferred charges and accrued income (-€8,500)
- Debts after one year -€19,000
down €19,000 (-24.6%), from €77,166 to €58,165
of which Financial debts: -€19,000
- Reserves +€6,000
up €6,000 (+16.6%), from €36,185 to €42,185
- Trade debts -€3,592
down €3,592 (-73.5%), from €4,889 to €1,296
- Other debts +€3,156
up €3,156 (+132.2%), from €2,388 to €5,544
- Tax, wage and social debts +€2,618
up €2,618 (+102.8%), from €2,546 to €5,165
- Gross operating margin +€1,895
up €1,895 (+7.5%), from €25,328 to €27,223
- Financial charges -€1,236
down €1,236 (-25.2%), from €4,909 to €3,672
- Taxes +€852
up €852 (+41.3%), from €2,065 to €2,916
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 | €221,425 | €214,684 | -€6,740 | -3.0% |
| Fixed assets | 21/28 | €200,533 | €187,615 | -€12,919 | -6.4% |
| Tangible fixed assets | 22/27 | €200,533 | €187,615 | -€12,919 | -6.4% |
| Land and buildings | 22 | €174,742 | €166,251 | -€8,492 | -4.9% |
| Plant, machinery and equipment | 23 | €25,791 | €21,364 | -€4,427 | -17.2% |
| Current assets | 29/58 | €20,891 | €27,069 | +€6,178 | +29.6% |
| Cash at bank and in hand | 54/58 | €3,691 | €1,369 | -€2,322 | -62.9% |
| Deferred charges and accrued income | 490/1 | €17,200 | €25,700 | +€8,500 | +49.4% |
| Total equity and liabilities | 10/49 | €221,425 | €214,684 | -€6,740 | -3.0% |
| Equity | 10/15 | €96,410 | €102,704 | +€6,294 | +6.5% |
| Contributions | 10/11 | €58,600 | €58,600 | = | 0.0% |
| Reserves | 13 | €36,185 | €42,185 | +€6,000 | +16.6% |
| Distributable reserves | 133 | €36,185 | €42,185 | +€6,000 | +16.6% |
| Profit (loss) carried forward | 14 | €1,625 | €1,919 | +€294 | +18.1% |
| Amounts payable | 17/49 | €125,015 | €111,980 | -€13,034 | -10.4% |
| Amounts payable after more than one year | 17 | €77,166 | €58,165 | -€19,000 | -24.6% |
| Financial debts | 170/4 | €22,166 | €3,165 | -€19,000 | -85.7% |
| Other amounts payable | 178/9 | €55,000 | €55,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €32,449 | €36,215 | +€3,766 | +11.6% |
| Current portion of amounts payable after more than one year | 42 | €22,627 | €24,210 | +€1,583 | +7.0% |
| Trade debts | 44 | €4,889 | €1,296 | -€3,592 | -73.5% |
| Suppliers | 440/4 | €4,889 | €1,296 | -€3,592 | -73.5% |
| Taxes, remuneration and social security | 45 | €2,546 | €5,165 | +€2,618 | +102.8% |
| Taxes | 450/3 | €2,546 | €5,165 | +€2,618 | +102.8% |
| Other amounts payable | 47/48 | €2,388 | €5,544 | +€3,156 | +132.2% |
| Accrued charges and deferred income | 492/3 | €15,400 | €17,600 | +€2,200 | +14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,919 | €12,919 | = | 0.0% |
| Other operating charges | 640/8 | €1,308 | €1,422 | +€114 | +8.7% |
| Gross operating margin | 9900 | €25,328 | €27,223 | +€1,895 | +7.5% |
| Operating profit (loss) | 9901 | €11,102 | €12,883 | +€1,781 | +16.0% |
| Financial charges | 65/66B | €4,909 | €3,672 | -€1,236 | -25.2% |
| Recurring financial charges | 65 | €4,909 | €3,672 | -€1,236 | -25.2% |
| Profit (loss) for the period before taxes | 9903 | €6,193 | €9,210 | +€3,017 | +48.7% |
| Income taxes | 67/77 | €2,065 | €2,916 | +€852 | +41.3% |
| Profit (loss) for the period | 9904 | €4,128 | €6,294 | +€2,166 | +52.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,128 | €6,294 | +€2,166 | +52.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.