Red Snapper: 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 Snapper
Largest movements
- Tangible fixed assets -€61,707
down €61,707 (-6.6%), from €932,352 to €870,646
of which Land and buildings: -€50,932
- Receivables within one year +€42,796
up €42,796 (+17.3%), from €246,951 to €289,747
of which Other amounts receivable: +€43,591
- Deferred charges and accrued income +€42,127
up €42,127 (+75.0%), from €56,175 to €98,302
- Reserves +€80,359
up €80,359 (+14.2%), from €564,573 to €644,932
of which Distributable reserves: +€99,992
- Debts after one year -€56,012
down €56,012 (-7.3%), from €771,890 to €715,878
- Tax, wage and social debts +€20,185
up €20,185 (+71.5%), from €28,231 to €48,416
- Gross operating margin +€33,784
up €33,784 (+25.5%), from €132,404 to €166,188
- Financial income +€10,086
up €10,086 (+34.8%), from €29,005 to €39,091
- Depreciation +€9,688
up €9,688 (+14.4%), from €67,125 to €76,813
- Taxes +€9,561
up €9,561 (+33.1%), from €28,906 to €38,467
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 | €1,610,311 | €1,648,035 | +€37,724 | +2.3% |
| Fixed assets | 21/28 | €932,352 | €870,646 | -€61,707 | -6.6% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €932,352 | €870,646 | -€61,707 | -6.6% |
| Land and buildings | 22 | €805,057 | €754,125 | -€50,932 | -6.3% |
| Plant, machinery and equipment | 23 | €2,091 | €1,859 | -€232 | -11.1% |
| Furniture and vehicles | 24 | €21,286 | €16,065 | -€5,221 | -24.5% |
| Other tangible fixed assets | 26 | €103,917 | €98,597 | -€5,321 | -5.1% |
| Current assets | 29/58 | €677,959 | €777,390 | +€99,431 | +14.7% |
| Amounts receivable within one year | 40/41 | €246,951 | €289,747 | +€42,796 | +17.3% |
| Trade receivables | 40 | €795 | €0 | -€795 | -100.0% |
| Other amounts receivable | 41 | €246,156 | €289,747 | +€43,591 | +17.7% |
| Current investments | 50/53 | €355,279 | €355,279 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €19,554 | €34,062 | +€14,508 | +74.2% |
| Deferred charges and accrued income | 490/1 | €56,175 | €98,302 | +€42,127 | +75.0% |
| Total equity and liabilities | 10/49 | €1,610,311 | €1,648,035 | +€37,724 | +2.3% |
| Equity | 10/15 | €577,073 | €657,432 | +€80,359 | +13.9% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €564,573 | €644,932 | +€80,359 | +14.2% |
| Non-distributable reserves | 130/1 | €4,860 | €4,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,860 | €4,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €302,039 | €282,406 | -€19,633 | -6.5% |
| Distributable reserves | 133 | €257,674 | €357,666 | +€99,992 | +38.8% |
| Provisions and deferred taxes | 16 | €126,721 | €118,474 | -€8,247 | -6.5% |
| Deferred taxes | 168 | €126,721 | €118,474 | -€8,247 | -6.5% |
| Amounts payable | 17/49 | €906,517 | €872,130 | -€34,388 | -3.8% |
| Amounts payable after more than one year | 17 | €771,890 | €715,878 | -€56,012 | -7.3% |
| Financial debts | 170/4 | €771,890 | €715,878 | -€56,012 | -7.3% |
| Amounts payable within one year | 42/48 | €131,614 | €148,946 | +€17,331 | +13.2% |
| Current portion of amounts payable after more than one year | 42 | €55,105 | €56,012 | +€907 | +1.6% |
| Trade debts | 44 | €42,029 | €38,268 | -€3,760 | -8.9% |
| Suppliers | 440/4 | €42,029 | €38,268 | -€3,760 | -8.9% |
| Taxes, remuneration and social security | 45 | €28,231 | €48,416 | +€20,185 | +71.5% |
| Taxes | 450/3 | €28,231 | €48,416 | +€20,185 | +71.5% |
| Other amounts payable | 47/48 | €6,250 | €6,250 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,013 | €7,305 | +€4,293 | +142.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,125 | €76,813 | +€9,688 | +14.4% |
| Other operating charges | 640/8 | €4,441 | €4,861 | +€420 | +9.5% |
| Non-recurring operating charges | 66A | €639 | €0 | -€639 | -100.0% |
| Gross operating margin | 9900 | €132,404 | €166,188 | +€33,784 | +25.5% |
| Operating profit (loss) | 9901 | €60,199 | €84,515 | +€24,315 | +40.4% |
| Financial income | 75/76B | €29,005 | €39,091 | +€10,086 | +34.8% |
| Recurring financial income | 75 | €29,005 | €39,091 | +€10,086 | +34.8% |
| Financial charges | 65/66B | €13,938 | €13,026 | -€912 | -6.5% |
| Recurring financial charges | 65 | €13,938 | €13,026 | -€912 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €75,266 | €110,579 | +€35,313 | +46.9% |
| Transfer from deferred taxes | 780 | €8,247 | €8,247 | -€0 | 0.0% |
| Income taxes | 67/77 | €28,906 | €38,467 | +€9,561 | +33.1% |
| Profit (loss) for the period | 9904 | €54,607 | €80,359 | +€25,752 | +47.2% |
| Transfer from tax-exempt reserves | 789 | €19,633 | €19,633 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €74,240 | €99,992 | +€25,752 | +34.7% |
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.