REDALUCS: 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.
REDALUCS
Largest movements
- Cash +€103,645
up €103,645 (+62.7%), from €165,210 to €268,855
mainly Receivables within one year (+€79,789) and Net result for the year (+€22,171)
- Receivables within one year -€79,789
down €79,789 (-35.3%), from €225,788 to €145,998
of which Trade receivables: -€85,818
- Reserves +€22,170
up €22,170 (+14.0%), from €158,136 to €180,306
of which Distributable reserves: +€22,170
- Taxes +€5,689
up €5,689 (+40.7%), from €13,971 to €19,660
- Financial income +€1,853
up €1,853 (+31.7%), from €5,850 to €7,702
- Depreciation +€519
up €519 (+21.6%), from €2,407 to €2,926
- Other operating charges +€384
up €384 (+74.2%), from €518 to €902
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.
Derived cash bridge
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 | €398,516 | €423,744 | +€25,228 | +6.3% |
| Fixed assets | 21/28 | €6,697 | €8,382 | +€1,684 | +25.1% |
| Tangible fixed assets | 22/27 | €6,697 | €8,382 | +€1,684 | +25.1% |
| Plant, machinery and equipment | 23 | - | €1,968 | +€1,968 | |
| Furniture and vehicles | 24 | €6,697 | €6,414 | -€284 | -4.2% |
| Current assets | 29/58 | €391,819 | €415,362 | +€23,544 | +6.0% |
| Amounts receivable within one year | 40/41 | €225,788 | €145,998 | -€79,789 | -35.3% |
| Trade receivables | 40 | €85,818 | - | -€85,818 | |
| Other amounts receivable | 41 | €139,970 | €145,998 | +€6,029 | +4.3% |
| Cash at bank and in hand | 54/58 | €165,210 | €268,855 | +€103,645 | +62.7% |
| Deferred charges and accrued income | 490/1 | €821 | €510 | -€311 | -37.9% |
| Total equity and liabilities | 10/49 | €398,516 | €423,744 | +€25,228 | +6.3% |
| Equity | 10/15 | €375,207 | €397,378 | +€22,171 | +5.9% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €158,136 | €180,306 | +€22,170 | +14.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,418 | €1,418 | = | 0.0% |
| Distributable reserves | 133 | €154,858 | €177,028 | +€22,170 | +14.3% |
| Profit (loss) carried forward | 14 | €210,571 | €210,572 | +€1 | 0.0% |
| Amounts payable | 17/49 | €23,309 | €26,366 | +€3,057 | +13.1% |
| Amounts payable within one year | 42/48 | €19,809 | €22,866 | +€3,057 | +15.4% |
| Trade debts | 44 | - | €28 | +€28 | |
| Suppliers | 440/4 | - | €28 | +€28 | |
| Taxes, remuneration and social security | 45 | €19,809 | €22,838 | +€3,029 | +15.3% |
| Taxes | 450/3 | €19,809 | €22,838 | +€3,029 | +15.3% |
| Accrued charges and deferred income | 492/3 | €3,500 | €3,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,407 | €2,926 | +€519 | +21.6% |
| Other operating charges | 640/8 | €518 | €902 | +€384 | +74.2% |
| Gross operating margin | 9900 | €37,888 | €38,057 | +€169 | +0.4% |
| Operating profit (loss) | 9901 | €34,964 | €34,230 | -€734 | -2.1% |
| Financial income | 75/76B | €5,850 | €7,702 | +€1,853 | +31.7% |
| Recurring financial income | 75 | €5,850 | €7,702 | +€1,853 | +31.7% |
| Financial charges | 65/66B | €322 | €101 | -€221 | -68.6% |
| Recurring financial charges | 65 | €322 | €101 | -€221 | -68.6% |
| Profit (loss) for the period before taxes | 9903 | €40,491 | €41,831 | +€1,340 | +3.3% |
| Income taxes | 67/77 | €13,971 | €19,660 | +€5,689 | +40.7% |
| Profit (loss) for the period | 9904 | €26,520 | €22,171 | -€4,349 | -16.4% |
| Profit (loss) for the period to be appropriated | 9905 | €26,520 | €22,171 | -€4,349 | -16.4% |
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 16 October 2026 via checked.be.