Red Cat Immo: 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 Cat Immo
Largest movements
- Cash +€6,399
up €6,399 (+100.8%), from €6,349 to €12,748
mainly Net result for the year (+€13,911) and Depreciation (+€6,241)
- Tangible fixed assets -€6,083
down €6,083 (-2.7%), from €226,177 to €220,093
- Debts after one year -€14,898
down €14,898 (-9.5%), from €157,432 to €142,534
- Profit (loss) carried forward +€13,911
up €13,911 (+149.0%), from €9,335 to €23,246
- Gross operating margin +€3,931
up €3,931 (+18.7%), from €21,058 to €24,989
- Taxes +€632
new in 2025: €632
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 | €232,683 | €232,841 | +€158 | +0.1% |
| Formation expenses | 20 | €157 | €0 | -€157 | -100.0% |
| Fixed assets | 21/28 | €226,177 | €220,093 | -€6,083 | -2.7% |
| Tangible fixed assets | 22/27 | €226,177 | €220,093 | -€6,083 | -2.7% |
| Land and buildings | 22 | €226,177 | €220,093 | -€6,083 | -2.7% |
| Current assets | 29/58 | €6,349 | €12,748 | +€6,399 | +100.8% |
| Cash at bank and in hand | 54/58 | €6,349 | €12,748 | +€6,399 | +100.8% |
| Total equity and liabilities | 10/49 | €232,683 | €232,841 | +€158 | +0.1% |
| Equity | 10/15 | €59,335 | €73,246 | +€13,911 | +23.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,335 | €23,246 | +€13,911 | +149.0% |
| Amounts payable | 17/49 | €173,348 | €159,595 | -€13,753 | -7.9% |
| Amounts payable after more than one year | 17 | €157,432 | €142,534 | -€14,898 | -9.5% |
| Financial debts | 170/4 | €157,432 | €142,534 | -€14,898 | -9.5% |
| Amounts payable within one year | 42/48 | €15,915 | €17,061 | +€1,145 | +7.2% |
| Current portion of amounts payable after more than one year | 42 | €14,690 | €14,898 | +€208 | +1.4% |
| Trade debts | 44 | €145 | €110 | -€35 | -24.2% |
| Suppliers | 440/4 | €145 | €110 | -€35 | -24.2% |
| Taxes, remuneration and social security | 45 | €1,080 | €2,053 | +€972 | +90.0% |
| Taxes | 450/3 | €1,080 | €2,053 | +€972 | +90.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,306 | €6,241 | -€66 | -1.0% |
| Other operating charges | 640/8 | €1,743 | €1,623 | -€120 | -6.9% |
| Gross operating margin | 9900 | €21,058 | €24,989 | +€3,931 | +18.7% |
| Operating profit (loss) | 9901 | €13,009 | €17,126 | +€4,117 | +31.6% |
| Financial charges | 65/66B | €2,596 | €2,583 | -€13 | -0.5% |
| Recurring financial charges | 65 | €2,596 | €2,583 | -€13 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | €10,413 | €14,543 | +€4,130 | +39.7% |
| Income taxes | 67/77 | - | €632 | +€632 | |
| Profit (loss) for the period | 9904 | €10,413 | €13,911 | +€3,498 | +33.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,413 | €13,911 | +€3,498 | +33.6% |
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 7 October 2026 via checked.be.