RED WHITE BAS: 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 WHITE BAS
Largest movements
- Tangible fixed assets -€3,063
down €3,063 (-90.9%), from €3,369 to €306
of which Furniture and vehicles: -€1,659
- Receivables within one year -€2,698
down €2,698 (-27.0%), from €9,998 to €7,300
of which Trade receivables: -€2,061
- Stocks and contracts -€1,063
down €1,063 (-5.8%), from €18,407 to €17,344
- Deferred charges and accrued income +€567
new in 2025: €567
- Debts after one year -€9,976
down €9,976 (-35.9%), from €27,758 to €17,781
- Profit (loss) carried forward +€3,672
up €3,672 (+6.8%), from -€53,662 to -€49,991
- Trade debts -€3,390
down €3,390 (-14.9%), from €22,677 to €19,287
- Other debts +€1,716
up €1,716 (+5.8%), from €29,664 to €31,380
- Current portion of long-term debt +€789
up €789 (+8.6%), from €9,187 to €9,976
- Depreciation -€6,063
down €6,063 (-66.4%), from €9,126 to €3,063
- Gross operating margin +€5,009
up €5,009 (+73.9%), from €6,776 to €11,786
- Other operating charges -€3,270
down €3,270 (-71.0%), from €4,608 to €1,338
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 | €38,124 | €31,548 | -€6,576 | -17.2% |
| Fixed assets | 21/28 | €8,369 | €5,306 | -€3,063 | -36.6% |
| Tangible fixed assets | 22/27 | €3,369 | €306 | -€3,063 | -90.9% |
| Furniture and vehicles | 24 | €1,659 | - | -€1,659 | |
| Other tangible fixed assets | 26 | €1,710 | €306 | -€1,404 | -82.1% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €29,755 | €26,242 | -€3,513 | -11.8% |
| Stocks and contracts in progress | 3 | €18,407 | €17,344 | -€1,063 | -5.8% |
| Stocks | 30/36 | €18,407 | €17,344 | -€1,063 | -5.8% |
| Amounts receivable within one year | 40/41 | €9,998 | €7,300 | -€2,698 | -27.0% |
| Trade receivables | 40 | €9,361 | €7,300 | -€2,061 | -22.0% |
| Other amounts receivable | 41 | €637 | - | -€637 | |
| Cash at bank and in hand | 54/58 | €1,350 | €1,031 | -€319 | -23.6% |
| Deferred charges and accrued income | 490/1 | - | €567 | +€567 | |
| Total equity and liabilities | 10/49 | €38,124 | €31,548 | -€6,576 | -17.2% |
| Equity | 10/15 | -€51,162 | -€47,491 | +€3,672 | +7.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,662 | -€49,991 | +€3,672 | +6.8% |
| Amounts payable | 17/49 | €89,286 | €79,039 | -€10,247 | -11.5% |
| Amounts payable after more than one year | 17 | €27,758 | €17,781 | -€9,976 | -35.9% |
| Financial debts | 170/4 | €27,758 | €17,781 | -€9,976 | -35.9% |
| Amounts payable within one year | 42/48 | €61,528 | €61,257 | -€271 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €9,187 | €9,976 | +€789 | +8.6% |
| Trade debts | 44 | €22,677 | €19,287 | -€3,390 | -14.9% |
| Suppliers | 440/4 | €22,677 | €19,287 | -€3,390 | -14.9% |
| Taxes, remuneration and social security | 45 | - | €614 | +€614 | |
| Taxes | 450/3 | - | €614 | +€614 | |
| Other amounts payable | 47/48 | €29,664 | €31,380 | +€1,716 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,126 | €3,063 | -€6,063 | -66.4% |
| Other operating charges | 640/8 | €4,608 | €1,338 | -€3,270 | -71.0% |
| Gross operating margin | 9900 | €6,776 | €11,786 | +€5,009 | +73.9% |
| Operating profit (loss) | 9901 | -€6,957 | €7,385 | +€14,342 | |
| Financial charges | 65/66B | €3,597 | €3,574 | -€23 | -0.6% |
| Recurring financial charges | 65 | €3,597 | €3,574 | -€23 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | -€10,555 | €3,811 | +€14,366 | |
| Income taxes | 67/77 | €123 | €140 | +€16 | +13.2% |
| Profit (loss) for the period | 9904 | -€10,678 | €3,672 | +€14,349 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,678 | €3,672 | +€14,349 |
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 3 October 2026 via checked.be.