Red Gate: 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 Gate
Largest movements
- Tangible fixed assets +€36,713
up €36,713 (+6148.9%), from €597 to €37,310
- Cash +€2,913
up €2,913 (+16.0%), from €18,222 to €21,135
mainly Debts after one year (+€20,122) and Net result for the year (+€13,385)
- Receivables within one year -€2,108
down €2,108 (-12.1%), from €17,486 to €15,378
of which Trade receivables: -€8,470
- Debts after one year +€20,122
new in 2025: €20,122
- Profit (loss) carried forward +€13,385
up €13,385 (+68.0%), from €19,691 to €33,076
- Tax, wage and social debts -€5,241
down €5,241 (-39.9%), from €13,132 to €7,891
- Other debts +€5,155
new in 2025: €5,155
- Current portion of long-term debt +€4,724
new in 2025: €4,724
- Depreciation +€7,348
up €7,348 (+3639.1%), from €202 to €7,550
- Taxes -€1,359
down €1,359 (-22.8%), from €5,958 to €4,598
- Financial charges +€1,255
up €1,255 (+244.6%), from €513 to €1,769
- Other operating charges -€496
down €496 (-45.1%), from €1,099 to €604
- Gross operating margin +€443
up €443 (+1.6%), from €27,463 to €27,906
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 | €36,305 | €74,213 | +€37,908 | +104.4% |
| Fixed assets | 21/28 | €597 | €37,700 | +€37,103 | +6214.2% |
| Tangible fixed assets | 22/27 | €597 | €37,310 | +€36,713 | +6148.9% |
| Furniture and vehicles | 24 | €597 | €37,310 | +€36,713 | +6148.9% |
| Financial fixed assets | 28 | - | €390 | +€390 | |
| Current assets | 29/58 | €35,708 | €36,513 | +€805 | +2.3% |
| Amounts receivable within one year | 40/41 | €17,486 | €15,378 | -€2,108 | -12.1% |
| Trade receivables | 40 | €16,940 | €8,470 | -€8,470 | -50.0% |
| Other amounts receivable | 41 | €546 | €6,908 | +€6,362 | +1165.1% |
| Cash at bank and in hand | 54/58 | €18,222 | €21,135 | +€2,913 | +16.0% |
| Total equity and liabilities | 10/49 | €36,305 | €74,213 | +€37,908 | +104.4% |
| Equity | 10/15 | €22,691 | €36,076 | +€13,385 | +59.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,691 | €33,076 | +€13,385 | +68.0% |
| Amounts payable | 17/49 | €13,614 | €38,137 | +€24,523 | +180.1% |
| Amounts payable after more than one year | 17 | - | €20,122 | +€20,122 | |
| Financial debts | 170/4 | - | €20,122 | +€20,122 | |
| Amounts payable within one year | 42/48 | €13,614 | €18,015 | +€4,401 | +32.3% |
| Current portion of amounts payable after more than one year | 42 | - | €4,724 | +€4,724 | |
| Trade debts | 44 | €482 | €244 | -€238 | -49.3% |
| Suppliers | 440/4 | €482 | €244 | -€238 | -49.3% |
| Taxes, remuneration and social security | 45 | €13,132 | €7,891 | -€5,241 | -39.9% |
| Taxes | 450/3 | €13,132 | €7,891 | -€5,241 | -39.9% |
| Other amounts payable | 47/48 | - | €5,155 | +€5,155 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €202 | €7,550 | +€7,348 | +3639.1% |
| Other operating charges | 640/8 | €1,099 | €604 | -€496 | -45.1% |
| Gross operating margin | 9900 | €27,463 | €27,906 | +€443 | +1.6% |
| Operating profit (loss) | 9901 | €26,162 | €19,752 | -€6,410 | -24.5% |
| Financial charges | 65/66B | €513 | €1,769 | +€1,255 | +244.6% |
| Recurring financial charges | 65 | €513 | €1,769 | +€1,255 | +244.6% |
| Profit (loss) for the period before taxes | 9903 | €25,649 | €17,983 | -€7,665 | -29.9% |
| Income taxes | 67/77 | €5,958 | €4,598 | -€1,359 | -22.8% |
| Profit (loss) for the period | 9904 | €19,691 | €13,385 | -€6,306 | -32.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,691 | €13,385 | -€6,306 | -32.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.