RED BUILDING: 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 BUILDING
Largest movements
- Receivables within one year -€185,103
down €185,103 (-48.7%), from €380,410 to €195,307
of which Trade receivables: -€192,913
- Deferred charges and accrued income +€5,498
up €5,498, from €0 to €5,498
- Trade debts -€137,464
down €137,464 (-87.3%), from €157,387 to €19,923
- Tax, wage and social debts -€30,744
down €30,744 (-57.6%), from €53,347 to €22,602
of which Remuneration and social security: -€22,067
- Accrued charges and deferred income -€12,000
down €12,000 (-72.7%), from €16,500 to €4,500
- Gross operating margin -€412,890
down €412,890 (-83.7%), from €493,105 to €80,215
- Staff costs -€400,930
down €400,930 (-84.7%), from €473,160 to €72,230
- Taxes -€5,047
down €5,047 (-87.5%), from €5,766 to €719
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 | €381,133 | €201,866 | -€179,267 | -47.0% |
| Fixed assets | 21/28 | €606 | €0 | -€606 | -100% |
| Financial fixed assets | 28 | €606 | €0 | -€606 | -100% |
| Current assets | 29/58 | €380,527 | €201,866 | -€178,661 | -47.0% |
| Amounts receivable within one year | 40/41 | €380,410 | €195,307 | -€185,103 | -48.7% |
| Trade receivables | 40 | €296,656 | €103,743 | -€192,913 | -65.0% |
| Other amounts receivable | 41 | €83,754 | €91,563 | +€7,809 | +9.3% |
| Cash at bank and in hand | 54/58 | €117 | €1,061 | +€944 | +807% |
| Deferred charges and accrued income | 490/1 | €0 | €5,498 | +€5,498 | |
| Total equity and liabilities | 10/49 | €381,133 | €201,866 | -€179,267 | -47.0% |
| Equity | 10/15 | €153,899 | €154,841 | +€941 | +0.6% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Capital | 10 | €90,000 | €90,000 | = | 0.0% |
| Issued capital | 100 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | €9,000 | €9,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,000 | €9,000 | = | 0.0% |
| Legal reserve | 130 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,899 | €55,841 | +€941 | +1.7% |
| Amounts payable | 17/49 | €227,233 | €47,025 | -€180,208 | -79.3% |
| Amounts payable within one year | 42/48 | €210,733 | €42,525 | -€168,208 | -79.8% |
| Trade debts | 44 | €157,387 | €19,923 | -€137,464 | -87.3% |
| Suppliers | 440/4 | €157,387 | €19,923 | -€137,464 | -87.3% |
| Taxes, remuneration and social security | 45 | €53,347 | €22,602 | -€30,744 | -57.6% |
| Taxes | 450/3 | €15,438 | €6,760 | -€8,678 | -56.2% |
| Remuneration and social security | 454/9 | €37,909 | €15,842 | -€22,067 | -58.2% |
| Accrued charges and deferred income | 492/3 | €16,500 | €4,500 | -€12,000 | -72.7% |
| Remuneration, social security and pensions | 62 | €473,160 | €72,230 | -€400,930 | -84.7% |
| Other operating charges | 640/8 | €7,603 | €5,495 | -€2,108 | -27.7% |
| Gross operating margin | 9900 | €493,105 | €80,215 | -€412,890 | -83.7% |
| Operating profit (loss) | 9901 | €12,342 | €2,490 | -€9,852 | -79.8% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €2,676 | €830 | -€1,846 | -69.0% |
| Recurring financial charges | 65 | €2,676 | €830 | -€1,846 | -69.0% |
| Profit (loss) for the period before taxes | 9903 | €9,666 | €1,660 | -€8,006 | -82.8% |
| Income taxes | 67/77 | €5,766 | €719 | -€5,047 | -87.5% |
| Profit (loss) for the period | 9904 | €3,901 | €941 | -€2,959 | -75.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,901 | €941 | -€2,959 | -75.9% |
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 13 October 2026 via checked.be.