RED OAK: 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 OAK
Largest movements
- Stocks and contracts -€2.3m
down €2.3m (-62.8%), from €3.6m to €1.4m
- Short-term financial debts -€2.5m
no longer reported in 2025 (was €2.5m)
- Reserves +€446,350
new in 2025: €446,350
- Debts after one year -€330,000
down €330,000 (-36.7%), from €900,000 to €570,000
- Trade debts -€135,986
down €135,986 (-90.4%), from €150,387 to €14,401
- Tax, wage and social debts +€117,809
up €117,809 (+435.6%), from €27,047 to €144,855
- Gross operating margin +€609,718
up €609,718, from -€11,265 to €598,453
- Taxes +€142,117
new in 2025: €142,117
- Other operating charges -€10,183
down €10,183 (-90.4%), from €11,269 to €1,086
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 | €3,677,113 | €1,375,884 | -€2.3m | -62.6% |
| Current assets | 29/58 | €3,677,113 | €1,375,884 | -€2.3m | -62.6% |
| Stocks and contracts in progress | 3 | €3,638,333 | €1,353,882 | -€2.3m | -62.8% |
| Stocks | 30/36 | €3,638,333 | €1,353,882 | -€2.3m | -62.8% |
| Amounts receivable within one year | 40/41 | €652 | €15,529 | +€14,877 | +2283.0% |
| Trade receivables | 40 | €252 | €11,529 | +€11,277 | +4481.4% |
| Other amounts receivable | 41 | €400 | €4,000 | +€3,600 | +900.0% |
| Cash at bank and in hand | 54/58 | €38,129 | €6,473 | -€31,656 | -83.0% |
| Total equity and liabilities | 10/49 | €3,677,113 | €1,375,884 | -€2.3m | -62.6% |
| Equity | 10/15 | -€12,093 | €449,350 | +€461,443 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €446,350 | +€446,350 | |
| Distributable reserves | 133 | - | €446,350 | +€446,350 | |
| Profit (loss) carried forward | 14 | -€15,093 | - | +€15,093 | |
| Amounts payable | 17/49 | €3,689,206 | €926,534 | -€2.8m | -74.9% |
| Amounts payable after more than one year | 17 | €900,000 | €570,000 | -€330,000 | -36.7% |
| Financial debts | 170/4 | €900,000 | €570,000 | -€330,000 | -36.7% |
| Amounts payable within one year | 42/48 | €2,766,534 | €274,846 | -€2.5m | -90.1% |
| Financial debts | 43 | €2,538,000 | - | -€2.5m | |
| Credit institutions | 430/8 | €2,538,000 | - | -€2.5m | |
| Trade debts | 44 | €150,387 | €14,401 | -€135,986 | -90.4% |
| Suppliers | 440/4 | €150,387 | €14,401 | -€135,986 | -90.4% |
| Taxes, remuneration and social security | 45 | €27,047 | €144,855 | +€117,809 | +435.6% |
| Taxes | 450/3 | €27,047 | €144,855 | +€117,809 | +435.6% |
| Other amounts payable | 47/48 | €51,100 | €115,589 | +€64,489 | +126.2% |
| Accrued charges and deferred income | 492/3 | €22,673 | €81,688 | +€59,016 | +260.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,467 | - | -€1,467 | |
| Other operating charges | 640/8 | €11,269 | €1,086 | -€10,183 | -90.4% |
| Gross operating margin | 9900 | -€11,265 | €598,453 | +€609,718 | |
| Operating profit (loss) | 9901 | -€24,001 | €597,367 | +€621,368 | |
| Financial income | 75/76B | €12,426 | €9,284 | -€3,142 | -25.3% |
| Recurring financial income | 75 | €12,426 | €9,284 | -€3,142 | -25.3% |
| Financial charges | 65/66B | €3,518 | €3,091 | -€427 | -12.1% |
| Recurring financial charges | 65 | €3,518 | €3,091 | -€427 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | -€15,093 | €603,560 | +€618,653 | |
| Income taxes | 67/77 | - | €142,117 | +€142,117 | |
| Profit (loss) for the period | 9904 | -€15,093 | €461,443 | +€476,536 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,093 | €461,443 | +€476,536 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.