Red Star IT: 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 Star IT
Largest movements
- Receivables within one year +€6,841
up €6,841 (+60.1%), from €11,386 to €18,227
of which Trade receivables: +€6,112
- Cash -€3,598
down €3,598 (-3.8%), from €95,666 to €92,068
mainly Contributions, distributions and other (-€12,000) and Other debts (-€7,205)
- Deferred charges and accrued income +€1,502
up €1,502 (+44.4%), from €3,380 to €4,882
- Reserves +€9,873
up €9,873 (+10.3%), from €96,000 to €105,873
- Other debts -€7,205
down €7,205 (-38.5%), from €18,714 to €11,508
- Trade debts +€2,441
up €2,441 (+221%), from €1,103 to €3,544
- Gross operating margin -€13,413
down €13,413 (-24.6%), from €54,453 to €41,040
- Taxes -€3,394
down €3,394 (-26.8%), from €12,666 to €9,272
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.
Derived cash bridge
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 | €136,974 | €142,791 | +€5,818 | +4.2% |
| Fixed assets | 21/28 | €26,541 | €26,754 | +€212 | +0.8% |
| Tangible fixed assets | 22/27 | €26,541 | €26,754 | +€212 | +0.8% |
| Plant, machinery and equipment | 23 | €1,783 | €1,332 | -€451 | -25.3% |
| Furniture and vehicles | 24 | €24,758 | €25,421 | +€663 | +2.7% |
| Current assets | 29/58 | €110,433 | €116,038 | +€5,605 | +5.1% |
| Amounts receivable within one year | 40/41 | €11,386 | €18,227 | +€6,841 | +60.1% |
| Trade receivables | 40 | €11,386 | €17,499 | +€6,112 | +53.7% |
| Other amounts receivable | 41 | - | €728 | +€728 | |
| Current investments | 50/53 | - | €861 | +€861 | |
| Cash at bank and in hand | 54/58 | €95,666 | €92,068 | -€3,598 | -3.8% |
| Deferred charges and accrued income | 490/1 | €3,380 | €4,882 | +€1,502 | +44.4% |
| Total equity and liabilities | 10/49 | €136,974 | €142,791 | +€5,818 | +4.2% |
| Equity | 10/15 | €103,899 | €113,772 | +€9,873 | +9.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €96,000 | €105,873 | +€9,873 | +10.3% |
| Distributable reserves | 133 | €96,000 | €105,873 | +€9,873 | +10.3% |
| Profit (loss) carried forward | 14 | €1,699 | €1,699 | = | 0.0% |
| Amounts payable | 17/49 | €33,074 | €29,019 | -€4,055 | -12.3% |
| Amounts payable within one year | 42/48 | €33,074 | €28,998 | -€4,077 | -12.3% |
| Trade debts | 44 | €1,103 | €3,544 | +€2,441 | +221% |
| Suppliers | 440/4 | €1,103 | €3,544 | +€2,441 | +221% |
| Taxes, remuneration and social security | 45 | €13,258 | €13,945 | +€687 | +5.2% |
| Taxes | 450/3 | €10,958 | €11,645 | +€687 | +6.3% |
| Remuneration and social security | 454/9 | €2,300 | €2,300 | = | 0.0% |
| Other amounts payable | 47/48 | €18,714 | €11,508 | -€7,205 | -38.5% |
| Accrued charges and deferred income | 492/3 | - | €21 | +€21 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,485 | €6,646 | +€161 | +2.5% |
| Other operating charges | 640/8 | €1,035 | €663 | -€371 | -35.9% |
| Gross operating margin | 9900 | €54,453 | €41,040 | -€13,413 | -24.6% |
| Operating profit (loss) | 9901 | €46,933 | €33,730 | -€13,203 | -28.1% |
| Financial income | 75/76B | €74 | €35 | -€39 | -52.6% |
| Recurring financial income | 75 | €74 | €35 | -€39 | -52.6% |
| Financial charges | 65/66B | €2,611 | €2,620 | +€9 | +0.4% |
| Recurring financial charges | 65 | €2,611 | €2,620 | +€9 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | €44,396 | €31,145 | -€13,251 | -29.8% |
| Income taxes | 67/77 | €12,666 | €9,272 | -€3,394 | -26.8% |
| Profit (loss) for the period | 9904 | €31,730 | €21,873 | -€9,857 | -31.1% |
| Profit (loss) for the period to be appropriated | 9905 | €31,730 | €21,873 | -€9,857 | -31.1% |
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 20 October 2026 via checked.be.