REDAA: what changed
What changed
REDAA
NACE 47.221, Retail sale of meat and meat products, excluding game and poultry
filed annual accounts (NBB)
Net result for the year
€12,305
2024 · €15,209-€2,904
Equity
€138,078
2024 · €125,772+€12,305
Cash
€155,936
2024 · €111,004+€44,932
Balance sheet total
€242,167
2024 · €145,352+€96,815
Largest movements
Assets
- Receivables within one year +€50,158
up €50,158 (+540%), from €9,294 to €59,452
of which Trade receivables: +€49,446
- Cash +€44,932
up €44,932 (+40.5%), from €111,004 to €155,936
mainly Trade debts (+€70,679) and Tax, wage and social debts (+€13,471)
Equity and liabilities
- Trade debts +€70,679
up €70,679 (+1,368%), from €5,167 to €75,846
of which Suppliers: +€70,679
- Reserves +€30,000
up €30,000 (+1,613%), from €1,860 to €31,860
of which Distributable reserves: +€30,000
- Profit (loss) carried forward -€17,695
down €17,695 (-15.0%), from €117,712 to €100,018
- Tax, wage and social debts +€13,471
up €13,471 (+93.5%), from €14,413 to €27,884
of which Remuneration and social security: +€23,226
Income statement
- Turnover +€1.4m
new in 2025: €1.4m
- Purchases and services +€161,112
up €161,112 (+14.6%), from €1.1m to €1.3m
- Gross operating margin +€38,749
up €38,749 (+51.4%), from €75,424 to €114,172
- Staff costs +€36,850
up €36,850 (+63.2%), from €58,291 to €95,141
Change in the result, 2024 to 2025
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 2024
€15,209
Gross operating margin
+€38,749
Staff costs
-€36,850
Depreciation
-€98
Other operating charges
+€199
Financial charges
+€1
Taxes
-€4,905
Result 2025
€12,305
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€48,357
Investment
-€3,425
Financing
€0
Cash 2024
€111,004
From operations (derived)
+€48,357
Net result for the year
+€12,305
Depreciation
+€1,700
Receivables within one year
-€50,158
Trade debts
+€70,679
Tax, wage and social debts
+€13,471
Other debts
+€360
Investment (derived)
-€3,425
Investment in fixed assets (net)
-€3,425
Cash 2025
€155,936
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €145,352 | €242,167 | +€96,815 | +66.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €6,003 | €7,728 | +€1,725 | +28.7% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €3,503 | €5,228 | +€1,725 | +49.2% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €3,503 | €5,228 | +€1,725 | +49.2% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Assets under construction and advance payments | 27 | €0 | €0 | = | |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €139,349 | €234,439 | +€95,090 | +68.2% |
| Amounts receivable after more than one year | 29 | €0 | €0 | = | |
| Trade receivables | 290 | €0 | €0 | = | |
| Other amounts receivable | 291 | €0 | €0 | = | |
| Stocks and contracts in progress | 3 | €19,051 | €19,051 | = | 0.0% |
| Stocks | 30/36 | €19,051 | €19,051 | = | 0.0% |
| Contracts in progress | 37 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €9,294 | €59,452 | +€50,158 | +540% |
| Trade receivables | 40 | €9,294 | €58,740 | +€49,446 | +532% |
| Other amounts receivable | 41 | €0 | €712 | +€712 | |
| Current investments | 50/53 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €111,004 | €155,936 | +€44,932 | +40.5% |
| Deferred charges and accrued income | 490/1 | €0 | €0 | = | |
| Total equity and liabilities | 10/49 | €145,352 | €242,167 | +€96,815 | +66.6% |
| Equity | 10/15 | €125,772 | €138,078 | +€12,305 | +9.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | €0 | €0 | = | |
| Reserves | 13 | €1,860 | €31,860 | +€30,000 | +1,613% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Own shares acquired | 1312 | €0 | €0 | = | |
| Financial assistance | 1313 | €0 | €0 | = | |
| Other | 1319 | €0 | €0 | = | |
| Tax-exempt reserves | 132 | €0 | €0 | = | |
| Distributable reserves | 133 | €0 | €30,000 | +€30,000 | |
| Profit (loss) carried forward | 14 | €117,712 | €100,018 | -€17,695 | -15.0% |
| Investment grants | 15 | €0 | €0 | = | |
| Advance to shareholders on the distribution of net assets | 19 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €0 | €0 | = | |
| Provisions for liabilities and charges | 160/5 | €0 | €0 | = | |
| Pensions and similar obligations | 160 | €0 | €0 | = | |
| Taxes | 161 | €0 | €0 | = | |
| Major repairs and maintenance | 162 | €0 | €0 | = | |
| Environmental obligations | 163 | €0 | €0 | = | |
| Other liabilities and charges | 164/5 | €0 | €0 | = | |
| Deferred taxes | 168 | €0 | €0 | = | |
| Amounts payable | 17/49 | €19,580 | €104,090 | +€84,510 | +432% |
| Amounts payable after more than one year | 17 | €0 | €0 | = | |
| Financial debts | 170/4 | €0 | €0 | = | |
| Trade debts | 175 | €0 | €0 | = | |
| Advances received on contracts in progress | 176 | €0 | €0 | = | |
| Other amounts payable | 178/9 | €0 | €0 | = | |
| Amounts payable within one year | 42/48 | €19,580 | €104,090 | +€84,510 | +432% |
| Current portion of amounts payable after more than one year | 42 | €0 | €0 | = | |
| Financial debts | 43 | €0 | €0 | = | |
| Credit institutions | 430/8 | €0 | €0 | = | |
| Other loans | 439 | €0 | €0 | = | |
| Trade debts | 44 | €5,167 | €75,846 | +€70,679 | +1,368% |
| Suppliers | 440/4 | €5,167 | €75,846 | +€70,679 | +1,368% |
| Bills of exchange payable | 441 | €0 | €0 | = | |
| Advances received on contracts in progress | 46 | €0 | €0 | = | |
| Taxes, remuneration and social security | 45 | €14,413 | €27,884 | +€13,471 | +93.5% |
| Taxes | 450/3 | €14,412 | €4,657 | -€9,755 | -67.7% |
| Remuneration and social security | 454/9 | €0 | €23,226 | +€23,226 | +7,742,053% |
| Other amounts payable | 47/48 | €0 | €360 | +€360 | |
| Accrued charges and deferred income | 492/3 | €0 | €0 | = | |
| Turnover | 70 | - | €1,369,452 | +€1.4m | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,103,274 | €1,264,386 | +€161,112 | +14.6% |
| Remuneration, social security and pensions | 62 | €58,291 | €95,141 | +€36,850 | +63.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,602 | €1,700 | +€98 | +6.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €0 | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | €0 | = | |
| Other operating charges | 640/8 | €274 | €75 | -€199 | -72.5% |
| Operating charges capitalised as restructuring costs | 649 | €0 | €0 | = | |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €75,424 | €114,172 | +€38,749 | +51.4% |
| Operating profit (loss) | 9901 | €15,257 | €17,256 | +€2,000 | +13.1% |
| Financial income | 75/76B | €0 | €0 | = | |
| Recurring financial income | 75 | €0 | €0 | = | |
| Non-recurring financial income | 76B | - | €0 | = | |
| Financial charges | 65/66B | €48 | €46 | -€1 | -2.6% |
| Recurring financial charges | 65 | €48 | €46 | -€1 | -2.6% |
| Non-recurring financial charges | 66B | - | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | €15,209 | €17,210 | +€2,001 | +13.2% |
| Transfer from deferred taxes | 780 | €0 | €0 | = | |
| Transfer to deferred taxes | 680 | €0 | €0 | = | |
| Income taxes | 67/77 | €0 | €4,905 | +€4,905 | |
| Profit (loss) for the period | 9904 | €15,209 | €12,305 | -€2,904 | -19.1% |
| Transfer from tax-exempt reserves | 789 | €0 | €0 | = | |
| Transfer to tax-exempt reserves | 689 | €0 | €0 | = | |
| Profit (loss) for the period to be appropriated | 9905 | €15,209 | €12,305 | -€2,904 | -19.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.