RED PILL PROJECTS: 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 PILL PROJECTS
Largest movements
- Cash -€2,355
down €2,355 (-44.4%), from €5,309 to €2,954
mainly Net result for the year (-€2,940) and Tax, wage and social debts (-€1,590)
- Tangible fixed assets -€201
down €201 (-100.0%), from €201 to €0
- Profit (loss) carried forward -€2,940
down €2,940 (-524.4%), from -€561 to -€3,500
- Other debts +€2,252
up €2,252 (+143.0%), from €1,575 to €3,827
- Tax, wage and social debts -€1,590
down €1,590 (-56.6%), from €2,807 to €1,217
of which Remuneration and social security: -€1,911
- Trade debts -€279
down €279 (-91.0%), from €306 to €27
- Turnover -€32,979
no longer reported in 2025 (was €32,979)
- Purchases and services -€32,434
no longer reported in 2025 (was €32,434)
- Gross operating margin -€2,860
down €2,860, from €546 to -€2,314
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 | €6,627 | €4,071 | -€2,556 | -38.6% |
| Fixed assets | 21/28 | €201 | €0 | -€201 | -100.0% |
| Tangible fixed assets | 22/27 | €201 | €0 | -€201 | -100.0% |
| Furniture and vehicles | 24 | €201 | €0 | -€201 | -100.0% |
| Current assets | 29/58 | €6,426 | €4,071 | -€2,355 | -36.6% |
| Amounts receivable within one year | 40/41 | €1,117 | €1,117 | = | 0.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,117 | €1,117 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,309 | €2,954 | -€2,355 | -44.4% |
| Total equity and liabilities | 10/49 | €6,627 | €4,071 | -€2,556 | -38.6% |
| Equity | 10/15 | €1,939 | -€1,000 | -€2,940 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€561 | -€3,500 | -€2,940 | -524.4% |
| Amounts payable | 17/49 | €4,688 | €5,071 | +€384 | +8.2% |
| Amounts payable within one year | 42/48 | €4,688 | €5,071 | +€384 | +8.2% |
| Trade debts | 44 | €306 | €27 | -€279 | -91.0% |
| Suppliers | 440/4 | €306 | €27 | -€279 | -91.0% |
| Taxes, remuneration and social security | 45 | €2,807 | €1,217 | -€1,590 | -56.6% |
| Taxes | 450/3 | €896 | €1,217 | +€321 | +35.8% |
| Remuneration and social security | 454/9 | €1,911 | - | -€1,911 | |
| Other amounts payable | 47/48 | €1,575 | €3,827 | +€2,252 | +143.0% |
| Turnover | 70 | €32,979 | - | -€32,979 | |
| Goods, raw materials, services and sundry goods | 60/61 | €32,434 | - | -€32,434 | |
| Remuneration, social security and pensions | 62 | €207 | - | -€207 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €499 | €201 | -€298 | -59.7% |
| Gross operating margin | 9900 | €546 | -€2,314 | -€2,860 | |
| Operating profit (loss) | 9901 | -€161 | -€2,515 | -€2,355 | -1464.4% |
| Financial charges | 65/66B | €295 | €424 | +€129 | +43.7% |
| Recurring financial charges | 65 | €295 | €424 | +€129 | +43.7% |
| Profit (loss) for the period before taxes | 9903 | -€456 | -€2,940 | -€2,484 | -544.6% |
| Profit (loss) for the period | 9904 | -€456 | -€2,940 | -€2,484 | -544.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€456 | -€2,940 | -€2,484 | -544.6% |
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 5 October 2026 via checked.be.