RED FISH: 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 FISH
Largest movements
- Tangible fixed assets -€3,586
down €3,586 (-25.9%), from €13,853 to €10,267
of which Other tangible fixed assets: -€2,164
- Receivables within one year -€3,162
down €3,162 (-12.1%), from €26,046 to €22,885
of which Trade receivables: -€1,767
- Cash -€1,544
down €1,544 (-36.5%), from €4,230 to €2,686
mainly Other debts (-€9,937) and Net result for the year (-€3,689)
- Other debts -€9,937
down €9,937 (-21.5%), from €46,213 to €36,276
- Trade debts +€6,247
up €6,247 (+226.3%), from €2,760 to €9,007
- Profit (loss) carried forward -€3,689
down €3,689 (-10.2%), from -€36,280 to -€39,969
- Gross operating margin -€8,227
down €8,227 (-87.1%), from €9,449 to €1,222
- Depreciation -€765
down €765 (-17.6%), from €4,351 to €3,586
- Other operating charges -€109
down €109 (-8.0%), from €1,362 to €1,253
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 | €73,085 | €65,516 | -€7,569 | -10.4% |
| Fixed assets | 21/28 | €13,853 | €10,267 | -€3,586 | -25.9% |
| Tangible fixed assets | 22/27 | €13,853 | €10,267 | -€3,586 | -25.9% |
| Plant, machinery and equipment | 23 | €2,836 | €2,111 | -€726 | -25.6% |
| Furniture and vehicles | 24 | €2,207 | €1,510 | -€697 | -31.6% |
| Other tangible fixed assets | 26 | €8,810 | €6,647 | -€2,164 | -24.6% |
| Current assets | 29/58 | €59,231 | €55,249 | -€3,983 | -6.7% |
| Amounts receivable after more than one year | 29 | €26,306 | €26,306 | = | 0.0% |
| Other amounts receivable | 291 | €26,306 | €26,306 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €26,046 | €22,885 | -€3,162 | -12.1% |
| Trade receivables | 40 | €8,532 | €6,765 | -€1,767 | -20.7% |
| Other amounts receivable | 41 | €17,514 | €16,120 | -€1,394 | -8.0% |
| Cash at bank and in hand | 54/58 | €4,230 | €2,686 | -€1,544 | -36.5% |
| Deferred charges and accrued income | 490/1 | €2,649 | €3,372 | +€723 | +27.3% |
| Total equity and liabilities | 10/49 | €73,085 | €65,516 | -€7,569 | -10.4% |
| Equity | 10/15 | €19,585 | €15,897 | -€3,689 | -18.8% |
| Contributions | 10/11 | €24,800 | €24,800 | = | 0.0% |
| Reserves | 13 | €31,065 | €31,065 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,720 | €3,720 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,720 | €3,720 | = | 0.0% |
| Distributable reserves | 133 | €27,345 | €27,345 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,280 | -€39,969 | -€3,689 | -10.2% |
| Amounts payable | 17/49 | €53,500 | €49,619 | -€3,880 | -7.3% |
| Amounts payable within one year | 42/48 | €53,500 | €49,619 | -€3,880 | -7.3% |
| Current portion of amounts payable after more than one year | 42 | €170 | - | -€170 | |
| Trade debts | 44 | €2,760 | €9,007 | +€6,247 | +226.3% |
| Suppliers | 440/4 | €2,760 | €9,007 | +€6,247 | +226.3% |
| Advances received on contracts in progress | 46 | €3,441 | €3,441 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €916 | €895 | -€21 | -2.2% |
| Taxes | 450/3 | €916 | €895 | -€21 | -2.2% |
| Other amounts payable | 47/48 | €46,213 | €36,276 | -€9,937 | -21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,351 | €3,586 | -€765 | -17.6% |
| Other operating charges | 640/8 | €1,362 | €1,253 | -€109 | -8.0% |
| Gross operating margin | 9900 | €9,449 | €1,222 | -€8,227 | -87.1% |
| Operating profit (loss) | 9901 | €3,735 | -€3,618 | -€7,353 | |
| Financial income | 75/76B | €480 | €446 | -€33 | -7.0% |
| Recurring financial income | 75 | €480 | €446 | -€33 | -7.0% |
| Financial charges | 65/66B | €376 | €373 | -€2 | -0.6% |
| Recurring financial charges | 65 | €376 | €373 | -€2 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €3,839 | -€3,545 | -€7,384 | |
| Income taxes | 67/77 | €164 | €144 | -€21 | -12.5% |
| Profit (loss) for the period | 9904 | €3,675 | -€3,689 | -€7,363 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,675 | -€3,689 | -€7,363 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.