RED ESTATE: 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 ESTATE
Largest movements
- Receivables within one year -€111,312
down €111,312 (-46.2%), from €240,853 to €129,542
of which Other amounts receivable: -€67,390
- Stocks and contracts -€61,159
down €61,159 (-17.9%), from €341,000 to €279,841
- Current portion of long-term debt -€122,393
down €122,393 (-13.8%), from €889,393 to €767,000
- Profit (loss) carried forward -€80,920
down €80,920 (-14.8%), from -€546,567 to -€627,487
- Other debts +€50,499
up €50,499 (+14.1%), from €357,317 to €407,815
- Trade debts -€13,405
down €13,405 (-76.8%), from €17,444 to €4,039
- Gross operating margin +€456,525
up €456,525, from -€409,023 to €47,502
- Financial charges -€22,862
down €22,862 (-33.8%), from €67,713 to €44,851
- Other operating charges +€12,917
up €12,917 (+16.2%), from €79,768 to €92,686
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 | €734,651 | €567,038 | -€167,613 | -22.8% |
| Current assets | 29/58 | €734,651 | €567,038 | -€167,613 | -22.8% |
| Amounts receivable after more than one year | 29 | €150,000 | €150,000 | = | 0.0% |
| Other amounts receivable | 291 | €150,000 | €150,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €341,000 | €279,841 | -€61,159 | -17.9% |
| Stocks | 30/36 | €341,000 | €279,841 | -€61,159 | -17.9% |
| Amounts receivable within one year | 40/41 | €240,853 | €129,542 | -€111,312 | -46.2% |
| Trade receivables | 40 | €45,139 | €1,218 | -€43,921 | -97.3% |
| Other amounts receivable | 41 | €195,714 | €128,324 | -€67,390 | -34.4% |
| Cash at bank and in hand | 54/58 | €1,525 | €6,374 | +€4,849 | +318% |
| Deferred charges and accrued income | 490/1 | €1,273 | €1,281 | +€9 | +0.7% |
| Total equity and liabilities | 10/49 | €734,651 | €567,038 | -€167,613 | -22.8% |
| Equity | 10/15 | -€531,567 | -€612,487 | -€80,920 | -15.2% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€546,567 | -€627,487 | -€80,920 | -14.8% |
| Amounts payable | 17/49 | €1,266,219 | €1,179,525 | -€86,693 | -6.8% |
| Amounts payable after more than one year | 17 | €950 | €350 | -€600 | -63.2% |
| Other amounts payable | 178/9 | €950 | €350 | -€600 | -63.2% |
| Amounts payable within one year | 42/48 | €1,264,154 | €1,178,854 | -€85,299 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | €889,393 | €767,000 | -€122,393 | -13.8% |
| Trade debts | 44 | €17,444 | €4,039 | -€13,405 | -76.8% |
| Suppliers | 440/4 | €17,444 | €4,039 | -€13,405 | -76.8% |
| Other amounts payable | 47/48 | €357,317 | €407,815 | +€50,499 | +14.1% |
| Accrued charges and deferred income | 492/3 | €1,115 | €321 | -€794 | -71.2% |
| Other operating charges | 640/8 | €79,768 | €92,686 | +€12,917 | +16.2% |
| Gross operating margin | 9900 | -€409,023 | €47,502 | +€456,525 | |
| Operating profit (loss) | 9901 | -€488,791 | -€45,184 | +€443,608 | +90.8% |
| Financial income | 75/76B | €9,937 | €9,115 | -€822 | -8.3% |
| Recurring financial income | 75 | €9,937 | €9,115 | -€822 | -8.3% |
| Financial charges | 65/66B | €67,713 | €44,851 | -€22,862 | -33.8% |
| Recurring financial charges | 65 | €67,713 | €44,851 | -€22,862 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | -€546,567 | -€80,920 | +€465,648 | +85.2% |
| Profit (loss) for the period | 9904 | -€546,567 | -€80,920 | +€465,648 | +85.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€546,567 | -€80,920 | +€465,648 | +85.2% |
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 16 October 2026 via checked.be.