Red Deer Consult: 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 Deer Consult
Largest movements
- Cash +€41,980
up €41,980 (+174%), from €24,146 to €66,127
mainly Net result for the year (+€28,553) and Receivables within one year (+€15,418)
- Receivables within one year -€15,418
down €15,418 (-26.7%), from €57,638 to €42,220
of which Trade receivables: -€18,524
- Deferred charges and accrued income -€1,297
no longer reported in 2025 (was €1,297)
- Tangible fixed assets +€1,272
up €1,272 (+35.2%), from €3,614 to €4,886
of which Furniture and vehicles: +€1,559
- Profit (loss) carried forward +€28,553
up €28,553 (+57.5%), from €49,640 to €78,193
- Tax, wage and social debts -€5,031
down €5,031 (-20.6%), from €24,426 to €19,395
of which Taxes: -€5,089
- Trade debts +€3,756
up €3,756 (+270%), from €1,389 to €5,145
- Gross operating margin -€26,727
down €26,727 (-39.2%), from €68,240 to €41,513
- Taxes -€5,218
down €5,218 (-36.7%), from €14,212 to €8,994
- Financial charges -€880
down €880 (-29.3%), from €3,009 to €2,129
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 | €86,695 | €113,233 | +€26,538 | +30.6% |
| Fixed assets | 21/28 | €3,614 | €4,886 | +€1,272 | +35.2% |
| Tangible fixed assets | 22/27 | €3,614 | €4,886 | +€1,272 | +35.2% |
| Plant, machinery and equipment | 23 | €1,113 | €826 | -€287 | -25.8% |
| Furniture and vehicles | 24 | €2,501 | €4,060 | +€1,559 | +62.4% |
| Current assets | 29/58 | €83,081 | €108,347 | +€25,265 | +30.4% |
| Amounts receivable within one year | 40/41 | €57,638 | €42,220 | -€15,418 | -26.7% |
| Trade receivables | 40 | €57,638 | €39,114 | -€18,524 | -32.1% |
| Other amounts receivable | 41 | - | €3,106 | +€3,106 | |
| Cash at bank and in hand | 54/58 | €24,146 | €66,127 | +€41,980 | +174% |
| Deferred charges and accrued income | 490/1 | €1,297 | - | -€1,297 | |
| Total equity and liabilities | 10/49 | €86,695 | €113,233 | +€26,538 | +30.6% |
| Equity | 10/15 | €50,140 | €78,693 | +€28,553 | +56.9% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Contributions outside capital | 11 | €500 | - | -€500 | |
| Other | 1109/19 | €500 | - | -€500 | |
| Profit (loss) carried forward | 14 | €49,640 | €78,193 | +€28,553 | +57.5% |
| Amounts payable | 17/49 | €36,555 | €34,539 | -€2,015 | -5.5% |
| Amounts payable after more than one year | 17 | €10,000 | €10,000 | = | 0.0% |
| Financial debts | 170/4 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €26,280 | €24,539 | -€1,740 | -6.6% |
| Trade debts | 44 | €1,389 | €5,145 | +€3,756 | +270% |
| Suppliers | 440/4 | €1,389 | €5,145 | +€3,756 | +270% |
| Taxes, remuneration and social security | 45 | €24,426 | €19,395 | -€5,031 | -20.6% |
| Taxes | 450/3 | €21,634 | €16,545 | -€5,089 | -23.5% |
| Remuneration and social security | 454/9 | €2,792 | €2,850 | +€58 | +2.1% |
| Other amounts payable | 47/48 | €466 | - | -€466 | |
| Accrued charges and deferred income | 492/3 | €275 | - | -€275 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €582 | €977 | +€395 | +67.9% |
| Other operating charges | 640/8 | €821 | €637 | -€184 | -22.4% |
| Non-recurring operating charges | 66A | - | €228 | +€228 | |
| Gross operating margin | 9900 | €68,240 | €41,513 | -€26,727 | -39.2% |
| Operating profit (loss) | 9901 | €66,838 | €39,671 | -€27,166 | -40.6% |
| Financial income | 75/76B | €24 | €5 | -€19 | -79.4% |
| Recurring financial income | 75 | €24 | €5 | -€19 | -79.4% |
| Financial charges | 65/66B | €3,009 | €2,129 | -€880 | -29.3% |
| Recurring financial charges | 65 | €3,009 | €2,129 | -€880 | -29.3% |
| Profit (loss) for the period before taxes | 9903 | €63,852 | €37,547 | -€26,305 | -41.2% |
| Income taxes | 67/77 | €14,212 | €8,994 | -€5,218 | -36.7% |
| Profit (loss) for the period | 9904 | €49,640 | €28,553 | -€21,087 | -42.5% |
| Profit (loss) for the period to be appropriated | 9905 | €49,640 | €28,553 | -€21,087 | -42.5% |
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 19 October 2026 via checked.be.