RED SQUARE: what changed
What changed
RED SQUARE
NACE 73.300, Public relations and communication consultancy
filed annual accounts (NBB)
Net result for the year
€35,532
2024 · €15,816+€19,717
Equity
€331,225
2024 · €484,362-€153,138
Cash
€47,084
2024 · €95,109-€48,026
Balance sheet total
€683,204
2024 · €669,415+€13,789
Largest movements
Assets
- Current investments +€71,841
up €71,841 (+18.1%), from €397,044 to €468,885
- Cash -€48,026
down €48,026 (-50.5%), from €95,109 to €47,084
mainly Contributions, distributions and other (-€188,670) and Current investments (-€71,841)
Equity and liabilities
- Other debts +€179,361
up €179,361 (+129%), from €138,919 to €318,280
- Reserves -€153,270
down €153,270 (-34.4%), from €446,170 to €292,900
- Accrued charges and deferred income +€10,967
up €10,967 (+85.9%), from €12,760 to €23,727
- Current portion of long-term debt -€9,618
down €9,618 (-74.4%), from €12,928 to €3,310
- Tax, wage and social debts -€8,474
down €8,474 (-70.5%), from €12,014 to €3,540
Income statement
- Financial income +€23,180
up €23,180 (+406%), from €5,704 to €28,884
- Gross operating margin -€1,963
down €1,963 (-5.2%), from €37,483 to €35,520
- Taxes +€1,069
up €1,069 (+14.3%), from €7,456 to €8,525
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€15,816
Gross operating margin
-€1,963
Depreciation
-€166
Other operating charges
-€60
Financial income
+€23,180
Financial charges
-€205
Taxes
-€1,069
Result 2025
€35,532
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€225,662
Investment
-€71,841
Financing
-€201,847
Cash 2024
€95,109
From operations (derived)
+€225,662
Net result for the year
+€35,532
Depreciation
+€6,500
Receivables within one year
+€3,528
Deferred charges and accrued income
-€2
Trade debts
-€1,750
Tax, wage and social debts
-€8,474
Other debts
+€179,361
Accrued charges and deferred income
+€10,967
Investment (derived)
-€71,841
Investment in fixed assets (net)
+€0
Current investments
-€71,841
Financing
-€201,847
Debts after one year
-€3,310
Current portion of long-term debt
-€9,618
Short-term financial debts
-€249
Contributions, distributions and other
-€188,670
Cash 2025
€47,084
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €669,415 | €683,204 | +€13,789 | +2.1% |
| Fixed assets | 21/28 | €93,859 | €87,360 | -€6,500 | -6.9% |
| Tangible fixed assets | 22/27 | €93,859 | €87,360 | -€6,500 | -6.9% |
| Furniture and vehicles | 24 | €3,027 | €1,642 | -€1,385 | -45.8% |
| Other tangible fixed assets | 26 | €90,832 | €85,717 | -€5,115 | -5.6% |
| Current assets | 29/58 | €575,556 | €595,845 | +€20,289 | +3.5% |
| Amounts receivable within one year | 40/41 | €83,310 | €79,782 | -€3,528 | -4.2% |
| Trade receivables | 40 | €7,578 | €3,107 | -€4,471 | -59.0% |
| Other amounts receivable | 41 | €75,732 | €76,675 | +€943 | +1.2% |
| Current investments | 50/53 | €397,044 | €468,885 | +€71,841 | +18.1% |
| Cash at bank and in hand | 54/58 | €95,109 | €47,084 | -€48,026 | -50.5% |
| Deferred charges and accrued income | 490/1 | €93 | €95 | +€2 | +2.1% |
| Total equity and liabilities | 10/49 | €669,415 | €683,204 | +€13,789 | +2.1% |
| Equity | 10/15 | €484,362 | €331,225 | -€153,138 | -31.6% |
| Contributions | 10/11 | €15,200 | €15,200 | = | 0.0% |
| Reserves | 13 | €446,170 | €292,900 | -€153,270 | -34.4% |
| Distributable reserves | 133 | €446,170 | €292,900 | -€153,270 | -34.4% |
| Profit (loss) carried forward | 14 | €22,992 | €23,125 | +€132 | +0.6% |
| Amounts payable | 17/49 | €185,053 | €351,979 | +€166,927 | +90.2% |
| Amounts payable after more than one year | 17 | €3,310 | - | -€3,310 | |
| Financial debts | 170/4 | €3,310 | - | -€3,310 | |
| Amounts payable within one year | 42/48 | €168,982 | €328,253 | +€159,270 | +94.3% |
| Current portion of amounts payable after more than one year | 42 | €12,928 | €3,310 | -€9,618 | -74.4% |
| Financial debts | 43 | €1,622 | €1,374 | -€249 | -15.3% |
| Other loans | 439 | €1,622 | €1,374 | -€249 | -15.3% |
| Trade debts | 44 | €3,499 | €1,748 | -€1,750 | -50.0% |
| Suppliers | 440/4 | €3,499 | €1,748 | -€1,750 | -50.0% |
| Taxes, remuneration and social security | 45 | €12,014 | €3,540 | -€8,474 | -70.5% |
| Taxes | 450/3 | €12,014 | €3,540 | -€8,474 | -70.5% |
| Other amounts payable | 47/48 | €138,919 | €318,280 | +€179,361 | +129% |
| Accrued charges and deferred income | 492/3 | €12,760 | €23,727 | +€10,967 | +85.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,334 | €6,500 | +€166 | +2.6% |
| Other operating charges | 640/8 | €2,115 | €2,175 | +€60 | +2.8% |
| Gross operating margin | 9900 | €37,483 | €35,520 | -€1,963 | -5.2% |
| Operating profit (loss) | 9901 | €29,034 | €26,845 | -€2,189 | -7.5% |
| Financial income | 75/76B | €5,704 | €28,884 | +€23,180 | +406% |
| Recurring financial income | 75 | €5,704 | €28,884 | +€23,180 | +406% |
| Financial charges | 65/66B | €11,466 | €11,671 | +€205 | +1.8% |
| Recurring financial charges | 65 | €11,466 | €11,671 | +€205 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €23,272 | €44,058 | +€20,786 | +89.3% |
| Income taxes | 67/77 | €7,456 | €8,525 | +€1,069 | +14.3% |
| Profit (loss) for the period | 9904 | €15,816 | €35,532 | +€19,717 | +125% |
| Profit (loss) for the period to be appropriated | 9905 | €15,816 | €35,532 | +€19,717 | +125% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.