RED & CO: 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 & CO
Largest movements
- Cash -€26,491
down €26,491 (-50.9%), from €52,009 to €25,518
mainly Other debts (-€23,808) and Contributions, distributions and other (-€17,207)
- Tangible fixed assets -€1,789
down €1,789 (-57.4%), from €3,115 to €1,326
of which Other tangible fixed assets: -€1,369
- Deferred charges and accrued income +€1,247
up €1,247 (+60.2%), from €2,073 to €3,320
- Other debts -€23,808
down €23,808 (-46.7%), from €50,943 to €27,135
- Tax, wage and social debts -€3,344
down €3,344 (-28.9%), from €11,563 to €8,219
- Gross operating margin -€41,740
down €41,740 (-58.6%), from €71,286 to €29,545
- Taxes -€7,838
down €7,838 (-53.7%), from €14,599 to €6,761
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 | €81,291 | €54,306 | -€26,985 | -33.2% |
| Fixed assets | 21/28 | €3,115 | €1,326 | -€1,789 | -57.4% |
| Tangible fixed assets | 22/27 | €3,115 | €1,326 | -€1,789 | -57.4% |
| Furniture and vehicles | 24 | €1,202 | €782 | -€420 | -34.9% |
| Other tangible fixed assets | 26 | €1,913 | €543 | -€1,369 | -71.6% |
| Current assets | 29/58 | €78,176 | €52,980 | -€25,196 | -32.2% |
| Amounts receivable within one year | 40/41 | €24,094 | €24,142 | +€48 | +0.2% |
| Trade receivables | 40 | €22,311 | €20,397 | -€1,913 | -8.6% |
| Other amounts receivable | 41 | €1,783 | €3,745 | +€1,962 | +110.0% |
| Cash at bank and in hand | 54/58 | €52,009 | €25,518 | -€26,491 | -50.9% |
| Deferred charges and accrued income | 490/1 | €2,073 | €3,320 | +€1,247 | +60.2% |
| Total equity and liabilities | 10/49 | €81,291 | €54,306 | -€26,985 | -33.2% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €62,691 | €35,706 | -€26,985 | -43.0% |
| Amounts payable within one year | 42/48 | €62,676 | €35,694 | -€26,982 | -43.1% |
| Financial debts | 43 | €44 | €158 | +€115 | +261.7% |
| Other loans | 439 | €44 | €158 | +€115 | +261.7% |
| Trade debts | 44 | €126 | €181 | +€55 | +43.8% |
| Suppliers | 440/4 | €126 | €181 | +€55 | +43.8% |
| Taxes, remuneration and social security | 45 | €11,563 | €8,219 | -€3,344 | -28.9% |
| Taxes | 450/3 | €11,563 | €8,219 | -€3,344 | -28.9% |
| Other amounts payable | 47/48 | €50,943 | €27,135 | -€23,808 | -46.7% |
| Accrued charges and deferred income | 492/3 | €15 | €12 | -€3 | -17.5% |
| Remuneration, social security and pensions | 62 | €736 | €1,248 | +€512 | +69.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,202 | €1,789 | -€413 | -18.8% |
| Other operating charges | 640/8 | €980 | €1,010 | +€30 | +3.1% |
| Gross operating margin | 9900 | €71,286 | €29,545 | -€41,740 | -58.6% |
| Operating profit (loss) | 9901 | €67,367 | €25,498 | -€41,869 | -62.2% |
| Financial income | 75/76B | €155 | €186 | +€31 | +19.9% |
| Recurring financial income | 75 | €155 | €186 | +€31 | +19.9% |
| Financial charges | 65/66B | €2,119 | €1,716 | -€403 | -19.0% |
| Recurring financial charges | 65 | €2,119 | €1,716 | -€403 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | €65,403 | €23,968 | -€41,435 | -63.4% |
| Income taxes | 67/77 | €14,599 | €6,761 | -€7,838 | -53.7% |
| Profit (loss) for the period | 9904 | €50,804 | €17,207 | -€33,598 | -66.1% |
| Profit (loss) for the period to be appropriated | 9905 | €50,804 | €17,207 | -€33,598 | -66.1% |
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 6 October 2026 via checked.be.