RED SQUARE CONSULTING: what changed
Two financial 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 SQUARE CONSULTING
Largest movements
- Current investments -€150,000
no longer reported in 2025 (was €150,000)
- Receivables within one year +€71,065
up €71,065 (+126.9%), from €56,002 to €127,067
of which Other amounts receivable: +€89,215
- Cash +€20,584
up €20,584 (+31.3%), from €65,678 to €86,262
mainly Current investments (+€150,000) and Deferred charges and accrued income (+€10,703)
- Deferred charges and accrued income -€10,703
down €10,703 (-37.9%), from €28,254 to €17,550
- Profit (loss) carried forward -€46,641
down €46,641, from €0 to -€46,641
- Debts after one year -€19,213
down €19,213 (-22.2%), from €86,724 to €67,511
- Tax, wage and social debts -€4,792
down €4,792 (-46.9%), from €10,219 to €5,427
- Gross operating margin -€276,779
down €276,779, from €238,819 to -€37,960
- Taxes -€73,014
down €73,014 (-99.4%), from €73,427 to €413
- Financial income +€2,407
up €2,407 (+434.9%), from €553 to €2,960
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 | €301,642 | €232,015 | -€69,627 | -23.1% |
| Fixed assets | 21/28 | €1,708 | €1,136 | -€572 | -33.5% |
| Tangible fixed assets | 22/27 | €1,408 | €836 | -€572 | -40.6% |
| Land and buildings | 22 | €0 | - | = | |
| Furniture and vehicles | 24 | €1,408 | €836 | -€572 | -40.6% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €299,934 | €230,879 | -€69,055 | -23.0% |
| Amounts receivable within one year | 40/41 | €56,002 | €127,067 | +€71,065 | +126.9% |
| Trade receivables | 40 | €18,150 | €0 | -€18,150 | -100.0% |
| Other amounts receivable | 41 | €37,852 | €127,067 | +€89,215 | +235.7% |
| Current investments | 50/53 | €150,000 | - | -€150,000 | |
| Cash at bank and in hand | 54/58 | €65,678 | €86,262 | +€20,584 | +31.3% |
| Deferred charges and accrued income | 490/1 | €28,254 | €17,550 | -€10,703 | -37.9% |
| Total equity and liabilities | 10/49 | €301,642 | €232,015 | -€69,627 | -23.1% |
| Equity | 10/15 | €178,850 | €132,209 | -€46,641 | -26.1% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €166,350 | €166,350 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €164,490 | €164,490 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€46,641 | -€46,641 | |
| Amounts payable | 17/49 | €122,792 | €99,806 | -€22,986 | -18.7% |
| Amounts payable after more than one year | 17 | €86,724 | €67,511 | -€19,213 | -22.2% |
| Financial debts | 170/4 | €86,724 | €67,511 | -€19,213 | -22.2% |
| Amounts payable within one year | 42/48 | €36,068 | €32,295 | -€3,773 | -10.5% |
| Current portion of amounts payable after more than one year | 42 | €24,417 | €25,326 | +€909 | +3.7% |
| Trade debts | 44 | €1,433 | €1,542 | +€110 | +7.7% |
| Suppliers | 440/4 | €1,433 | €1,542 | +€110 | +7.7% |
| Taxes, remuneration and social security | 45 | €10,219 | €5,427 | -€4,792 | -46.9% |
| Taxes | 450/3 | €10,219 | €5,427 | -€4,792 | -46.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €176,955 | €1,720 | -€175,235 | -99.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €572 | €572 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,063 | €1,498 | +€435 | +40.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €238,819 | -€37,960 | -€276,779 | |
| Operating profit (loss) | 9901 | €237,184 | -€40,030 | -€277,214 | |
| Financial income | 75/76B | €553 | €2,960 | +€2,407 | +434.9% |
| Recurring financial income | 75 | €553 | €2,960 | +€2,407 | +434.9% |
| Financial charges | 65/66B | €9,606 | €9,159 | -€446 | -4.6% |
| Recurring financial charges | 65 | €9,606 | €9,159 | -€446 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €228,132 | -€46,229 | -€274,360 | |
| Income taxes | 67/77 | €73,427 | €413 | -€73,014 | -99.4% |
| Profit (loss) for the period | 9904 | €154,705 | -€46,641 | -€201,346 | |
| Profit (loss) for the period to be appropriated | 9905 | €154,705 | -€46,641 | -€201,346 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.