RED-Green Management: 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-Green Management
Largest movements
- Cash +€175,081
up €175,081 (+622%), from €28,139 to €203,220
mainly Net result for the year (+€196,253) and Tax, wage and social debts (+€50,273)
- Current investments +€91,244
up €91,244 (+48.7%), from €187,533 to €278,776
- Tangible fixed assets -€15,739
down €15,739 (-25.3%), from €62,131 to €46,392
of which Furniture and vehicles: -€14,953
- Receivables within one year -€6,734
down €6,734 (-17.4%), from €38,720 to €31,986
of which Trade receivables: -€7,627
- Reserves +€196,253
up €196,253 (+90.0%), from €218,174 to €414,428
- Tax, wage and social debts +€50,273
up €50,273 (+54.0%), from €93,160 to €143,433
- Gross operating margin -€37,404
down €37,404 (-12.2%), from €306,619 to €269,216
- Taxes -€8,855
down €8,855 (-12.8%), from €69,102 to €60,247
- Financial income +€4,436
up €4,436 (+1,893%), from €234 to €4,671
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 | €316,662 | €561,906 | +€245,244 | +77.4% |
| Fixed assets | 21/28 | €62,131 | €46,392 | -€15,739 | -25.3% |
| Tangible fixed assets | 22/27 | €62,131 | €46,392 | -€15,739 | -25.3% |
| Plant, machinery and equipment | 23 | €2,551 | €1,926 | -€625 | -24.5% |
| Furniture and vehicles | 24 | €58,813 | €43,860 | -€14,953 | -25.4% |
| Other tangible fixed assets | 26 | €766 | €606 | -€161 | -21.0% |
| Current assets | 29/58 | €254,531 | €515,514 | +€260,983 | +103% |
| Amounts receivable within one year | 40/41 | €38,720 | €31,986 | -€6,734 | -17.4% |
| Trade receivables | 40 | €38,720 | €31,093 | -€7,627 | -19.7% |
| Other amounts receivable | 41 | - | €893 | +€893 | |
| Current investments | 50/53 | €187,533 | €278,776 | +€91,244 | +48.7% |
| Cash at bank and in hand | 54/58 | €28,139 | €203,220 | +€175,081 | +622% |
| Deferred charges and accrued income | 490/1 | €140 | €1,531 | +€1,391 | +995% |
| Total equity and liabilities | 10/49 | €316,662 | €561,906 | +€245,244 | +77.4% |
| Equity | 10/15 | €219,174 | €415,428 | +€196,253 | +89.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €218,174 | €414,428 | +€196,253 | +90.0% |
| Distributable reserves | 133 | €218,174 | €414,428 | +€196,253 | +90.0% |
| Amounts payable | 17/49 | €97,488 | €146,478 | +€48,990 | +50.3% |
| Amounts payable within one year | 42/48 | €97,488 | €146,478 | +€48,990 | +50.3% |
| Trade debts | 44 | €2,758 | €3,045 | +€287 | +10.4% |
| Suppliers | 440/4 | €2,758 | €3,045 | +€287 | +10.4% |
| Taxes, remuneration and social security | 45 | €93,160 | €143,433 | +€50,273 | +54.0% |
| Taxes | 450/3 | €93,160 | €143,433 | +€50,273 | +54.0% |
| Other amounts payable | 47/48 | €1,570 | €0 | -€1,570 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,732 | €15,739 | +€7 | 0.0% |
| Other operating charges | 640/8 | €1,793 | €1,263 | -€530 | -29.5% |
| Gross operating margin | 9900 | €306,619 | €269,216 | -€37,404 | -12.2% |
| Operating profit (loss) | 9901 | €289,095 | €252,214 | -€36,881 | -12.8% |
| Financial income | 75/76B | €234 | €4,671 | +€4,436 | +1,893% |
| Recurring financial income | 75 | €234 | €4,671 | +€4,436 | +1,893% |
| Financial charges | 65/66B | €2,053 | €383 | -€1,669 | -81.3% |
| Recurring financial charges | 65 | €2,053 | €383 | -€1,669 | -81.3% |
| Profit (loss) for the period before taxes | 9903 | €287,276 | €256,501 | -€30,775 | -10.7% |
| Income taxes | 67/77 | €69,102 | €60,247 | -€8,855 | -12.8% |
| Profit (loss) for the period | 9904 | €218,174 | €196,253 | -€21,921 | -10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €218,174 | €196,253 | -€21,921 | -10.0% |
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 26 October 2026 via checked.be.