Red & Bouch: 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 & Bouch
Largest movements
- Cash +€24,991
up €24,991 (+116%), from €21,471 to €46,462
mainly Tax, wage and social debts (+€11,839) and Net result for the year (+€9,429)
- Tangible fixed assets +€4,499
new in 2025: €4,499
- Receivables within one year +€876
up €876 (+9,111%), from €10 to €886
- Stocks and contracts -€600
down €600 (-27.9%), from €2,151 to €1,551
- Tax, wage and social debts +€11,839
up €11,839 (+318%), from €3,718 to €15,557
of which Remuneration and social security: +€9,173
- Reserves +€9,429
up €9,429 (+238%), from €3,965 to €13,394
- Trade debts +€8,799
up €8,799 (+60.1%), from €14,643 to €23,442
- Staff costs +€19,354
up €19,354 (+35.9%), from €53,857 to €73,211
- Gross operating margin +€14,479
up €14,479 (+19.5%), from €74,270 to €88,750
- Taxes +€1,435
up €1,435 (+105%), from €1,370 to €2,805
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 | €23,632 | €53,545 | +€29,913 | +127% |
| Fixed assets | 21/28 | - | €4,499 | +€4,499 | |
| Tangible fixed assets | 22/27 | - | €4,499 | +€4,499 | |
| Plant, machinery and equipment | 23 | - | €4,499 | +€4,499 | |
| Current assets | 29/58 | €23,632 | €49,046 | +€25,414 | +108% |
| Stocks and contracts in progress | 3 | €2,151 | €1,551 | -€600 | -27.9% |
| Stocks | 30/36 | €2,151 | €1,551 | -€600 | -27.9% |
| Amounts receivable within one year | 40/41 | €10 | €886 | +€876 | +9,111% |
| Other amounts receivable | 41 | €10 | €886 | +€876 | +9,111% |
| Cash at bank and in hand | 54/58 | €21,471 | €46,462 | +€24,991 | +116% |
| Deferred charges and accrued income | 490/1 | - | €147 | +€147 | |
| Total equity and liabilities | 10/49 | €23,632 | €53,545 | +€29,913 | +127% |
| Equity | 10/15 | €3,965 | €13,394 | +€9,429 | +238% |
| Contributions | 10/11 | €0 | €0 | = | |
| Reserves | 13 | €3,965 | €13,394 | +€9,429 | +238% |
| Distributable reserves | 133 | €3,965 | €13,394 | +€9,429 | +238% |
| Amounts payable | 17/49 | €19,666 | €40,150 | +€20,484 | +104% |
| Amounts payable within one year | 42/48 | €19,666 | €40,150 | +€20,484 | +104% |
| Trade debts | 44 | €14,643 | €23,442 | +€8,799 | +60.1% |
| Suppliers | 440/4 | €14,643 | €23,442 | +€8,799 | +60.1% |
| Taxes, remuneration and social security | 45 | €3,718 | €15,557 | +€11,839 | +318% |
| Taxes | 450/3 | €2,409 | €5,075 | +€2,667 | +111% |
| Remuneration and social security | 454/9 | €1,309 | €10,482 | +€9,173 | +701% |
| Other amounts payable | 47/48 | €1,306 | €1,151 | -€155 | -11.8% |
| Remuneration, social security and pensions | 62 | €53,857 | €73,211 | +€19,354 | +35.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €540 | +€540 | |
| Other operating charges | 640/8 | €1,008 | €1,293 | +€285 | +28.3% |
| Gross operating margin | 9900 | €74,270 | €88,750 | +€14,479 | +19.5% |
| Operating profit (loss) | 9901 | €19,405 | €13,705 | -€5,700 | -29.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -50.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -50.0% |
| Financial charges | 65/66B | €1,918 | €1,471 | -€447 | -23.3% |
| Recurring financial charges | 65 | €1,918 | €1,471 | -€447 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €17,487 | €12,235 | -€5,253 | -30.0% |
| Income taxes | 67/77 | €1,370 | €2,805 | +€1,435 | +105% |
| Profit (loss) for the period | 9904 | €16,117 | €9,429 | -€6,688 | -41.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,117 | €9,429 | -€6,688 | -41.5% |
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 25 October 2026 via checked.be.