RED1ELECTRO: 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.
RED1ELECTRO
Largest movements
- Receivables within one year +€34,203
up €34,203 (+30.9%), from €110,609 to €144,812
of which Other amounts receivable: +€60,566
- Tangible fixed assets +€10,375
up €10,375 (+1470.7%), from €705 to €11,080
of which Furniture and vehicles: +€8,551
- Tax, wage and social debts +€28,784
up €28,784 (+198.2%), from €14,522 to €43,306
of which Taxes: +€15,195
- Trade debts +€13,953
new in 2024: €13,953
- Profit (loss) carried forward +€1,751
up €1,751 (+2.4%), from €73,377 to €75,128
- Gross operating margin +€65,103
up €65,103 (+117.2%), from €55,540 to €120,642
- Staff costs +€60,639
up €60,639 (+135.0%), from €44,922 to €105,561
- Taxes +€4,932
up €4,932 (+68.5%), from €7,203 to €12,134
- Financial charges +€2,937
new in 2024: €2,937
- Depreciation +€2,213
up €2,213 (+309.2%), from €716 to €2,929
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €112,825 | €156,121 | +€43,296 | +38.4% |
| Fixed assets | 21/28 | €705 | €11,080 | +€10,375 | +1470.7% |
| Tangible fixed assets | 22/27 | €705 | €11,080 | +€10,375 | +1470.7% |
| Plant, machinery and equipment | 23 | €705 | €2,529 | +€1,824 | +258.5% |
| Furniture and vehicles | 24 | - | €8,551 | +€8,551 | |
| Current assets | 29/58 | €112,120 | €145,041 | +€32,922 | +29.4% |
| Amounts receivable within one year | 40/41 | €110,609 | €144,812 | +€34,203 | +30.9% |
| Trade receivables | 40 | €33,118 | €6,754 | -€26,364 | -79.6% |
| Other amounts receivable | 41 | €77,492 | €138,058 | +€60,566 | +78.2% |
| Cash at bank and in hand | 54/58 | €1,510 | - | -€1,510 | |
| Deferred charges and accrued income | 490/1 | - | €229 | +€229 | |
| Total equity and liabilities | 10/49 | €112,825 | €156,121 | +€43,296 | +38.4% |
| Equity | 10/15 | €93,217 | €94,968 | +€1,751 | +1.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,248 | €1,248 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,248 | €1,248 | = | 0.0% |
| Other | 1319 | €1,248 | €1,248 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,377 | €75,128 | +€1,751 | +2.4% |
| Amounts payable | 17/49 | €19,608 | €61,153 | +€41,545 | +211.9% |
| Amounts payable within one year | 42/48 | €19,608 | €61,153 | +€41,545 | +211.9% |
| Financial debts | 43 | €5,086 | €3,895 | -€1,191 | -23.4% |
| Credit institutions | 430/8 | €5,086 | €3,895 | -€1,191 | -23.4% |
| Trade debts | 44 | - | €13,953 | +€13,953 | |
| Suppliers | 440/4 | - | €13,953 | +€13,953 | |
| Taxes, remuneration and social security | 45 | €14,522 | €43,306 | +€28,784 | +198.2% |
| Taxes | 450/3 | €8,341 | €23,536 | +€15,195 | +182.2% |
| Remuneration and social security | 454/9 | €6,181 | €19,769 | +€13,589 | +219.9% |
| Non-recurring operating income | 76A | €162 | - | -€162 | |
| Remuneration, social security and pensions | 62 | €44,922 | €105,561 | +€60,639 | +135.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €716 | €2,929 | +€2,213 | +309.2% |
| Other operating charges | 640/8 | €2,030 | €1,626 | -€404 | -19.9% |
| Gross operating margin | 9900 | €55,540 | €120,642 | +€65,103 | +117.2% |
| Operating profit (loss) | 9901 | €7,872 | €10,527 | +€2,655 | +33.7% |
| Financial income | 75/76B | €4,241 | €6,296 | +€2,055 | +48.4% |
| Recurring financial income | 75 | €4,241 | €6,296 | +€2,055 | +48.4% |
| Financial charges | 65/66B | - | €2,937 | +€2,937 | |
| Recurring financial charges | 65 | - | €2,937 | +€2,937 | |
| Profit (loss) for the period before taxes | 9903 | €12,113 | €13,885 | +€1,772 | +14.6% |
| Income taxes | 67/77 | €7,203 | €12,134 | +€4,932 | +68.5% |
| Profit (loss) for the period | 9904 | €4,910 | €1,751 | -€3,160 | -64.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,910 | €1,751 | -€3,160 | -64.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.