RED HOOK: 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 HOOK
Largest movements
- Receivables within one year +€83,367
up €83,367 (+342.4%), from €24,349 to €107,716
of which Trade receivables: +€52,878
- Cash -€6,097
down €6,097 (-21.3%), from €28,666 to €22,569
mainly Receivables within one year (-€83,367) and Investment in fixed assets (net) (-€7,953)
- Tangible fixed assets +€4,649
up €4,649 (+136.7%), from €3,400 to €8,050
- Profit (loss) carried forward +€56,726
up €56,726 (+83.1%), from €68,302 to €125,028
- Tax, wage and social debts +€18,462
up €18,462 (+99.8%), from €18,492 to €36,954
- Trade debts +€7,356
up €7,356 (+474.0%), from €1,552 to €8,908
- Gross operating margin +€38,023
up €38,023 (+171.6%), from €22,153 to €60,176
- Taxes +€11,608
up €11,608 (+194.7%), from €5,963 to €17,571
- Depreciation +€2,417
up €2,417 (+272.5%), from €887 to €3,304
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 | €104,971 | €186,890 | +€81,919 | +78.0% |
| Fixed assets | 21/28 | €3,400 | €8,050 | +€4,649 | +136.7% |
| Tangible fixed assets | 22/27 | €3,400 | €8,050 | +€4,649 | +136.7% |
| Plant, machinery and equipment | 23 | €3,400 | €8,050 | +€4,649 | +136.7% |
| Current assets | 29/58 | €101,571 | €178,840 | +€77,270 | +76.1% |
| Amounts receivable within one year | 40/41 | €24,349 | €107,716 | +€83,367 | +342.4% |
| Trade receivables | 40 | - | €52,878 | +€52,878 | |
| Other amounts receivable | 41 | €24,349 | €54,838 | +€30,489 | +125.2% |
| Current investments | 50/53 | €48,556 | €48,556 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €28,666 | €22,569 | -€6,097 | -21.3% |
| Total equity and liabilities | 10/49 | €104,971 | €186,890 | +€81,919 | +78.0% |
| Equity | 10/15 | €84,302 | €141,028 | +€56,726 | +67.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,302 | €125,028 | +€56,726 | +83.1% |
| Amounts payable | 17/49 | €20,669 | €45,862 | +€25,193 | +121.9% |
| Amounts payable within one year | 42/48 | €20,669 | €45,862 | +€25,193 | +121.9% |
| Trade debts | 44 | €1,552 | €8,908 | +€7,356 | +474.0% |
| Suppliers | 440/4 | €1,552 | €8,908 | +€7,356 | +474.0% |
| Taxes, remuneration and social security | 45 | €18,492 | €36,954 | +€18,462 | +99.8% |
| Taxes | 450/3 | €18,492 | €36,954 | +€18,462 | +99.8% |
| Other amounts payable | 47/48 | €625 | - | -€625 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €887 | €3,304 | +€2,417 | +272.5% |
| Other operating charges | 640/8 | €597 | €805 | +€208 | +34.9% |
| Gross operating margin | 9900 | €22,153 | €60,176 | +€38,023 | +171.6% |
| Operating profit (loss) | 9901 | €20,669 | €56,066 | +€35,397 | +171.3% |
| Financial income | 75/76B | - | €35 | +€35 | |
| Recurring financial income | 75 | - | €35 | +€35 | |
| Financial charges | 65/66B | €99 | €189 | +€90 | +91.1% |
| Recurring financial charges | 65 | €99 | €189 | +€90 | +91.1% |
| Profit (loss) for the period before taxes | 9903 | €20,570 | €55,912 | +€35,342 | +171.8% |
| Income taxes | 67/77 | €5,963 | €17,571 | +€11,608 | +194.7% |
| Profit (loss) for the period | 9904 | €14,607 | €38,341 | +€23,733 | +162.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,607 | €38,341 | +€23,733 | +162.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.