RED HAT: 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 HAT
Largest movements
- Receivables within one year +€7.3m
up €7.3m (+144.6%), from €5.0m to €12.3m
- Cash -€1.5m
down €1.5m (-90.6%), from €1.6m to €150,190
- Deferred charges and accrued income +€417,803
up €417,803 (+21.3%), from €2.0m to €2.4m
- Tax, wage and social debts +€3.5m
up €3.5m (+86.4%), from €4.1m to €7.6m
of which Remuneration and social security: +€4.0m
- Profit (loss) carried forward +€2.3m
up €2.3m (+51.0%), from €4.5m to €6.8m
- Trade debts +€400,329
up €400,329 (+384.0%), from €104,259 to €504,588
- Turnover +€5.0m
up €5.0m (+24.7%), from €20.1m to €25.1m
- Staff costs +€3.9m
up €3.9m (+22.9%), from €17.2m to €21.1m
- Services and other goods +€724,453
up €724,453 (+44.2%), from €1.6m to €2.4m
From the 31-12-2023 result to the 31-12-2025 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 31-12-2023 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,708,197 | €14,938,393 | +€6.2m | +71.5% |
| Fixed assets | 21/28 | €117,364 | €108,201 | -€9,163 | -7.8% |
| Tangible fixed assets | 22/27 | €83,569 | €67,143 | -€16,426 | -19.7% |
| Furniture and vehicles | 24 | €83,569 | €67,143 | -€16,426 | -19.7% |
| Financial fixed assets | 28 | €33,795 | €41,058 | +€7,263 | +21.5% |
| Other financial fixed assets | 284/8 | €33,795 | €41,058 | +€7,263 | +21.5% |
| Amounts receivable and cash guarantees | 285/8 | €33,795 | €41,058 | +€7,263 | +21.5% |
| Current assets | 29/58 | €8,590,834 | €14,830,192 | +€6.2m | +72.6% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €5,030,290 | €12,302,988 | +€7.3m | +144.6% |
| Other amounts receivable | 41 | €5,030,290 | €12,302,988 | +€7.3m | +144.6% |
| Cash at bank and in hand | 54/58 | €1,601,333 | €150,190 | -€1.5m | -90.6% |
| Deferred charges and accrued income | 490/1 | €1,959,211 | €2,377,014 | +€417,803 | +21.3% |
| Total equity and liabilities | 10/49 | €8,708,197 | €14,938,393 | +€6.2m | +71.5% |
| Equity | 10/15 | €4,509,348 | €6,797,941 | +€2.3m | +50.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | - | -€1,855 | |
| Reserves not available under the articles | 1311 | €1,855 | - | -€1,855 | |
| Distributable reserves | 133 | - | €1,855 | +€1,855 | |
| Profit (loss) carried forward | 14 | €4,488,943 | €6,777,536 | +€2.3m | +51.0% |
| Amounts payable | 17/49 | €4,198,849 | €8,140,452 | +€3.9m | +93.9% |
| Amounts payable within one year | 42/48 | €4,169,885 | €8,081,682 | +€3.9m | +93.8% |
| Trade debts | 44 | €104,259 | €504,588 | +€400,329 | +384.0% |
| Suppliers | 440/4 | €104,259 | €504,588 | +€400,329 | +384.0% |
| Taxes, remuneration and social security | 45 | €4,063,644 | €7,573,015 | +€3.5m | +86.4% |
| Taxes | 450/3 | €718,170 | €194,991 | -€523,179 | -72.8% |
| Remuneration and social security | 454/9 | €3,345,474 | €7,378,024 | +€4.0m | +120.5% |
| Other amounts payable | 47/48 | €1,982 | €4,079 | +€2,097 | +105.8% |
| Accrued charges and deferred income | 492/3 | €28,964 | €58,770 | +€29,806 | +102.9% |
| Operating income | 70/76A | €20,147,560 | €25,120,576 | +€5.0m | +24.7% |
| Turnover | 70 | €20,147,560 | €25,120,576 | +€5.0m | +24.7% |
| Operating charges | 60/66A | €18,887,021 | €23,551,809 | +€4.7m | +24.7% |
| Services and other goods | 61 | €1,637,888 | €2,362,341 | +€724,453 | +44.2% |
| Remuneration, social security and pensions | 62 | €17,204,634 | €21,137,377 | +€3.9m | +22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,561 | €50,803 | +€7,242 | +16.6% |
| Other operating charges | 640/8 | €783 | €1,288 | +€505 | +64.5% |
| Non-recurring operating charges | 66A | €156 | - | -€156 | |
| Operating profit (loss) | 9901 | €1,260,539 | €1,568,767 | +€308,228 | +24.5% |
| Financial income | 75/76B | €39,643 | €87,189 | +€47,546 | +119.9% |
| Recurring financial income | 75 | €39,643 | €87,189 | +€47,546 | +119.9% |
| Income from current assets | 751 | €39,603 | €87,189 | +€47,586 | +120.2% |
| Other financial income | 752/9 | €40 | - | -€40 | |
| Financial charges | 65/66B | €8,010 | €8,376 | +€366 | +4.6% |
| Recurring financial charges | 65 | €8,010 | €8,376 | +€366 | +4.6% |
| Debt charges | 650 | €4,366 | €6,403 | +€2,037 | +46.7% |
| Other financial charges | 652/9 | €3,644 | €1,973 | -€1,671 | -45.9% |
| Profit (loss) for the period before taxes | 9903 | €1,292,172 | €1,647,580 | +€355,408 | +27.5% |
| Income taxes | 67/77 | €424,227 | €557,983 | +€133,756 | +31.5% |
| Taxes | 670/3 | €424,227 | €557,983 | +€133,756 | +31.5% |
| Profit (loss) for the period | 9904 | €867,945 | €1,089,597 | +€221,652 | +25.5% |
| Profit (loss) for the period to be appropriated | 9905 | €867,945 | €1,089,597 | +€221,652 | +25.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.