RED EXPRESS: 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 EXPRESS
Largest movements
- Cash +€71,871
up €71,871 (+201%), from €35,722 to €107,593
mainly Net result for the year (+€93,872) and Depreciation (+€6,485)
- Receivables within one year +€13,806
up €13,806 (+54.7%), from €25,231 to €39,037
of which Other amounts receivable: +€9,896
- Tangible fixed assets -€5,366
down €5,366 (-20.4%), from €26,310 to €20,944
- Financial fixed assets +€5,000
new in 2024: €5,000
- Deferred charges and accrued income +€3,119
new in 2024: €3,119
- Profit (loss) carried forward +€93,872
up €93,872 (+163%), from €57,436 to €151,309
- Other debts -€10,000
no longer reported in 2024 (was €10,000)
- Tax, wage and social debts +€2,448
up €2,448 (+24.9%), from €9,827 to €12,276
of which Taxes: +€3,510
- Trade debts +€2,109
up €2,109, from €0 to €2,109
- Gross operating margin +€37,783
up €37,783 (+60.1%), from €62,839 to €100,621
- Depreciation +€3,295
up €3,295 (+103%), from €3,190 to €6,485
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €87,264 | €175,694 | +€88,430 | +101% |
| Fixed assets | 21/28 | €26,310 | €25,944 | -€366 | -1.4% |
| Tangible fixed assets | 22/27 | €26,310 | €20,944 | -€5,366 | -20.4% |
| Furniture and vehicles | 24 | €26,310 | €20,944 | -€5,366 | -20.4% |
| Financial fixed assets | 28 | - | €5,000 | +€5,000 | |
| Current assets | 29/58 | €60,954 | €149,750 | +€88,796 | +146% |
| Amounts receivable within one year | 40/41 | €25,231 | €39,037 | +€13,806 | +54.7% |
| Trade receivables | 40 | €11,008 | €14,918 | +€3,910 | +35.5% |
| Other amounts receivable | 41 | €14,223 | €24,119 | +€9,896 | +69.6% |
| Cash at bank and in hand | 54/58 | €35,722 | €107,593 | +€71,871 | +201% |
| Deferred charges and accrued income | 490/1 | - | €3,119 | +€3,119 | |
| Total equity and liabilities | 10/49 | €87,264 | €175,694 | +€88,430 | +101% |
| Equity | 10/15 | €67,436 | €161,309 | +€93,872 | +139% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,436 | €151,309 | +€93,872 | +163% |
| Amounts payable | 17/49 | €19,827 | €14,385 | -€5,442 | -27.4% |
| Amounts payable within one year | 42/48 | €19,827 | €14,385 | -€5,442 | -27.4% |
| Trade debts | 44 | €0 | €2,109 | +€2,109 | |
| Suppliers | 440/4 | €0 | €2,109 | +€2,109 | |
| Taxes, remuneration and social security | 45 | €9,827 | €12,276 | +€2,448 | +24.9% |
| Taxes | 450/3 | €4,374 | €7,884 | +€3,510 | +80.3% |
| Remuneration and social security | 454/9 | €5,454 | €4,392 | -€1,062 | -19.5% |
| Other amounts payable | 47/48 | €10,000 | - | -€10,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,190 | €6,485 | +€3,295 | +103% |
| Other operating charges | 640/8 | €1,378 | €936 | -€441 | -32.0% |
| Gross operating margin | 9900 | €62,839 | €100,621 | +€37,783 | +60.1% |
| Operating profit (loss) | 9901 | €58,271 | €93,201 | +€34,930 | +59.9% |
| Financial income | 75/76B | - | €726 | +€726 | |
| Recurring financial income | 75 | - | €726 | +€726 | |
| Financial charges | 65/66B | €334 | €54 | -€280 | -83.8% |
| Recurring financial charges | 65 | €334 | €54 | -€280 | -83.8% |
| Profit (loss) for the period before taxes | 9903 | €57,936 | €93,872 | +€35,936 | +62.0% |
| Income taxes | 67/77 | €500 | - | -€500 | |
| Profit (loss) for the period | 9904 | €57,436 | €93,872 | +€36,436 | +63.4% |
| Profit (loss) for the period to be appropriated | 9905 | €57,436 | €93,872 | +€36,436 | +63.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.