REDA Constructions: what changed
What changed
REDA Constructions
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
€3,818
2025 · €41,434-€37,616
Equity
€30,884
2025 · €27,066+€3,818
Cash
€19,320
2025 · €18,007+€1,314
Balance sheet total
€233,977
2025 · €228,385+€5,592
Largest movements
Assets
- Stocks and contracts +€5,000
up €5,000 (+2.5%), from €200,568 to €205,569
Equity and liabilities
- Profit (loss) carried forward +€3,818
up €3,818 (+57.8%), from €6,606 to €10,424
Income statement
- Gross operating margin -€44,082
down €44,082 (-83.3%), from €52,919 to €8,837
- Financial charges -€6,785
down €6,785 (-92.4%), from €7,342 to €556
- Other operating charges +€991
up €991 (+63.3%), from €1,566 to €2,556
Change in the result, 2025 to 2026
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 2025
€41,434
Gross operating margin
-€44,082
Depreciation
-€14
Other operating charges
-€991
Other operating items
+€687
Financial income
-€1
Financial charges
+€6,785
Result 2026
€3,818
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1,509
Investment
-€196
Financing
€0
Cash 2025
€18,007
From operations (derived)
+€1,509
Net result for the year
+€3,818
Depreciation
+€1,906
Stocks and contracts
-€5,000
Receivables within one year
+€203
Deferred charges and accrued income
-€1,192
Trade debts
-€41
Tax, wage and social debts
+€1,850
Other debts
-€34
Investment (derived)
-€196
Investment in fixed assets (net)
-€196
Cash 2026
€19,320
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €228,385 | €233,977 | +€5,592 | +2.4% |
| Fixed assets | 21/28 | €8,255 | €6,544 | -€1,711 | -20.7% |
| Tangible fixed assets | 22/27 | €8,255 | €6,544 | -€1,711 | -20.7% |
| Plant, machinery and equipment | 23 | €5,899 | €4,513 | -€1,386 | -23.5% |
| Furniture and vehicles | 24 | €2,356 | €2,031 | -€325 | -13.8% |
| Current assets | 29/58 | €220,130 | €227,433 | +€7,303 | +3.3% |
| Stocks and contracts in progress | 3 | €200,568 | €205,569 | +€5,000 | +2.5% |
| Stocks | 30/36 | €200,568 | €205,569 | +€5,000 | +2.5% |
| Amounts receivable within one year | 40/41 | €203 | - | -€203 | |
| Trade receivables | 40 | €203 | - | -€203 | |
| Cash at bank and in hand | 54/58 | €18,007 | €19,320 | +€1,314 | +7.3% |
| Deferred charges and accrued income | 490/1 | €1,352 | €2,544 | +€1,192 | +88.1% |
| Total equity and liabilities | 10/49 | €228,385 | €233,977 | +€5,592 | +2.4% |
| Equity | 10/15 | €27,066 | €30,884 | +€3,818 | +14.1% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,606 | €10,424 | +€3,818 | +57.8% |
| Amounts payable | 17/49 | €201,319 | €203,093 | +€1,774 | +0.9% |
| Amounts payable within one year | 42/48 | €201,319 | €203,093 | +€1,774 | +0.9% |
| Trade debts | 44 | €533 | €492 | -€41 | -7.8% |
| Suppliers | 440/4 | €533 | €492 | -€41 | -7.8% |
| Taxes, remuneration and social security | 45 | €235 | €2,084 | +€1,850 | +788% |
| Taxes | 450/3 | €235 | €2,084 | +€1,850 | +788% |
| Other amounts payable | 47/48 | €200,551 | €200,517 | -€34 | 0.0% |
| Non-recurring operating income | 76A | €49,734 | €8,096 | -€41,638 | -83.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,892 | €1,906 | +€14 | +0.7% |
| Other operating charges | 640/8 | €1,566 | €2,556 | +€991 | +63.3% |
| Non-recurring operating charges | 66A | €687 | - | -€687 | |
| Gross operating margin | 9900 | €52,919 | €8,837 | -€44,082 | -83.3% |
| Operating profit (loss) | 9901 | €48,775 | €4,374 | -€44,400 | -91.0% |
| Financial income | 75/76B | €1 | €0 | -€1 | -98.3% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -98.3% |
| Financial charges | 65/66B | €7,342 | €556 | -€6,785 | -92.4% |
| Recurring financial charges | 65 | €7,342 | €556 | -€6,785 | -92.4% |
| Profit (loss) for the period before taxes | 9903 | €41,434 | €3,818 | -€37,616 | -90.8% |
| Profit (loss) for the period | 9904 | €41,434 | €3,818 | -€37,616 | -90.8% |
| Profit (loss) for the period to be appropriated | 9905 | €41,434 | €3,818 | -€37,616 | -90.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.