REDABO: 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.
REDABO
Largest movements
- Stocks and contracts -€59,891
down €59,891 (-46.4%), from €129,049 to €69,158
of which Contracts in progress: -€59,891
- Receivables within one year +€50,289
up €50,289 (+20.1%), from €250,129 to €300,418
of which Trade receivables: +€46,362
- Tangible fixed assets -€5,508
down €5,508 (-53.2%), from €10,356 to €4,847
of which Furniture and vehicles: -€6,808
- Reserves +€30,514
up €30,514 (+407.5%), from €7,489 to €38,003
of which Distributable reserves: +€30,514
- Trade debts -€15,406
down €15,406 (-25.0%), from €61,531 to €46,125
- Other debts -€15,022
down €15,022 (-6.1%), from €247,209 to €232,187
- Tax, wage and social debts -€13,251
down €13,251 (-46.3%), from €28,619 to €15,368
- Staff costs -€58,530
down €58,530 (-96.8%), from €60,483 to €1,953
- Gross operating margin -€41,155
down €41,155 (-37.7%), from €109,152 to €67,997
- Taxes -€6,488
down €6,488 (-38.3%), from €16,920 to €10,432
- Financial charges +€5,289
up €5,289 (+163.2%), from €3,240 to €8,530
- Other operating charges +€4,952
up €4,952 (+135.8%), from €3,648 to €8,600
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 | €395,141 | €381,693 | -€13,448 | -3.4% |
| Fixed assets | 21/28 | €13,006 | €7,497 | -€5,508 | -42.4% |
| Tangible fixed assets | 22/27 | €10,356 | €4,847 | -€5,508 | -53.2% |
| Plant, machinery and equipment | 23 | €3,548 | €4,847 | +€1,300 | +36.6% |
| Furniture and vehicles | 24 | €6,808 | €0 | -€6,808 | -100.0% |
| Financial fixed assets | 28 | €2,650 | €2,650 | = | 0.0% |
| Current assets | 29/58 | €382,135 | €374,196 | -€7,939 | -2.1% |
| Stocks and contracts in progress | 3 | €129,049 | €69,158 | -€59,891 | -46.4% |
| Stocks | 30/36 | €14,500 | €14,500 | = | 0.0% |
| Contracts in progress | 37 | €114,549 | €54,658 | -€59,891 | -52.3% |
| Amounts receivable within one year | 40/41 | €250,129 | €300,418 | +€50,289 | +20.1% |
| Trade receivables | 40 | €158,594 | €204,956 | +€46,362 | +29.2% |
| Other amounts receivable | 41 | €91,536 | €95,462 | +€3,926 | +4.3% |
| Cash at bank and in hand | 54/58 | €15 | €14 | -€1 | -9.4% |
| Deferred charges and accrued income | 490/1 | €2,942 | €4,607 | +€1,665 | +56.6% |
| Total equity and liabilities | 10/49 | €395,141 | €381,693 | -€13,448 | -3.4% |
| Equity | 10/15 | €37,489 | €68,003 | +€30,514 | +81.4% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €7,489 | €38,003 | +€30,514 | +407.5% |
| Non-distributable reserves | 130/1 | €771 | €771 | = | 0.0% |
| Reserves not available under the articles | 1311 | €771 | €771 | = | 0.0% |
| Distributable reserves | 133 | €6,718 | €37,232 | +€30,514 | +454.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €357,652 | €313,691 | -€43,961 | -12.3% |
| Amounts payable within one year | 42/48 | €357,652 | €313,691 | -€43,961 | -12.3% |
| Financial debts | 43 | €20,294 | €20,011 | -€282 | -1.4% |
| Credit institutions | 430/8 | €20,294 | €20,011 | -€282 | -1.4% |
| Trade debts | 44 | €61,531 | €46,125 | -€15,406 | -25.0% |
| Suppliers | 440/4 | €61,531 | €46,125 | -€15,406 | -25.0% |
| Taxes, remuneration and social security | 45 | €28,619 | €15,368 | -€13,251 | -46.3% |
| Taxes | 450/3 | €28,619 | €15,368 | -€13,251 | -46.3% |
| Other amounts payable | 47/48 | €247,209 | €232,187 | -€15,022 | -6.1% |
| Remuneration, social security and pensions | 62 | €60,483 | €1,953 | -€58,530 | -96.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,716 | €8,055 | -€4,661 | -36.7% |
| Other operating charges | 640/8 | €3,648 | €8,600 | +€4,952 | +135.8% |
| Gross operating margin | 9900 | €109,152 | €67,997 | -€41,155 | -37.7% |
| Operating profit (loss) | 9901 | €32,305 | €49,388 | +€17,083 | +52.9% |
| Financial income | 75/76B | €1,487 | €88 | -€1,399 | -94.1% |
| Recurring financial income | 75 | €243 | €88 | -€155 | -63.8% |
| Non-recurring financial income | 76B | €1,244 | €0 | -€1,244 | -100.0% |
| Financial charges | 65/66B | €3,240 | €8,530 | +€5,289 | +163.2% |
| Recurring financial charges | 65 | €3,240 | €8,530 | +€5,289 | +163.2% |
| Profit (loss) for the period before taxes | 9903 | €30,552 | €40,946 | +€10,394 | +34.0% |
| Income taxes | 67/77 | €16,920 | €10,432 | -€6,488 | -38.3% |
| Profit (loss) for the period | 9904 | €13,631 | €30,514 | +€16,882 | +123.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,631 | €30,514 | +€16,882 | +123.8% |
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 10 October 2026 via checked.be.