Redart: 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.
Redart
Largest movements
- Stocks and contracts -€1.8m
down €1.8m (-54.5%), from €3.3m to €1.5m
- Cash +€492,729
up €492,729 (+2206.9%), from €22,327 to €515,056
mainly Stocks and contracts (+€1.8m) and Net result for the year (+€583,901)
- Short-term financial debts -€1.8m
no longer reported in 2024 (was €1.8m)
- Profit (loss) carried forward +€295,516
up €295,516 (+24.6%), from €1.2m to €1.5m
- Reserves +€288,385
up €288,385 (+122.0%), from €236,445 to €524,830
of which Tax-exempt reserves: +€288,385
- Trade debts -€78,774
down €78,774 (-45.4%), from €173,435 to €94,661
- Other debts -€53,833
down €53,833 (-94.5%), from €56,974 to €3,141
- Gross operating margin +€154,466
up €154,466 (+22.9%), from €674,772 to €829,238
- Taxes +€37,210
up €37,210 (+24.3%), from €152,814 to €190,024
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 | €3,517,335 | €2,191,757 | -€1.3m | -37.7% |
| Fixed assets | 21/28 | €5,880 | €4,167 | -€1,713 | -29.1% |
| Intangible fixed assets | 21 | €3,116 | €1,816 | -€1,300 | -41.7% |
| Tangible fixed assets | 22/27 | €2,024 | €2,111 | +€87 | +4.3% |
| Furniture and vehicles | 24 | €2,024 | €2,111 | +€87 | +4.3% |
| Financial fixed assets | 28 | €740 | €240 | -€500 | -67.6% |
| Current assets | 29/58 | €3,511,455 | €2,187,590 | -€1.3m | -37.7% |
| Stocks and contracts in progress | 3 | €3,339,005 | €1,520,236 | -€1.8m | -54.5% |
| Stocks | 30/36 | €3,339,005 | €1,520,236 | -€1.8m | -54.5% |
| Amounts receivable within one year | 40/41 | €150,019 | €152,188 | +€2,169 | +1.4% |
| Trade receivables | 40 | €28,850 | €34,263 | +€5,413 | +18.8% |
| Other amounts receivable | 41 | €121,169 | €117,925 | -€3,244 | -2.7% |
| Cash at bank and in hand | 54/58 | €22,327 | €515,056 | +€492,729 | +2206.9% |
| Deferred charges and accrued income | 490/1 | €104 | €110 | +€6 | +5.8% |
| Total equity and liabilities | 10/49 | €3,517,335 | €2,191,757 | -€1.3m | -37.7% |
| Equity | 10/15 | €1,509,916 | €2,093,817 | +€583,901 | +38.7% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €236,445 | €524,830 | +€288,385 | +122.0% |
| Tax-exempt reserves | 132 | €229,445 | €517,830 | +€288,385 | +125.7% |
| Distributable reserves | 133 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,203,471 | €1,498,987 | +€295,516 | +24.6% |
| Amounts payable | 17/49 | €2,007,419 | €97,940 | -€1.9m | -95.1% |
| Amounts payable within one year | 42/48 | €2,007,419 | €97,940 | -€1.9m | -95.1% |
| Financial debts | 43 | €1,777,010 | - | -€1.8m | |
| Credit institutions | 430/8 | €1,777,010 | - | -€1.8m | |
| Trade debts | 44 | €173,435 | €94,661 | -€78,774 | -45.4% |
| Suppliers | 440/4 | €173,435 | €94,661 | -€78,774 | -45.4% |
| Taxes, remuneration and social security | 45 | - | €138 | +€138 | |
| Taxes | 450/3 | - | €138 | +€138 | |
| Other amounts payable | 47/48 | €56,974 | €3,141 | -€53,833 | -94.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,322 | €2,265 | +€943 | +71.3% |
| Other operating charges | 640/8 | €1,144 | €1,857 | +€713 | +62.3% |
| Gross operating margin | 9900 | €674,772 | €829,238 | +€154,466 | +22.9% |
| Operating profit (loss) | 9901 | €672,306 | €825,116 | +€152,810 | +22.7% |
| Financial income | 75/76B | €12,308 | €9,433 | -€2,875 | -23.4% |
| Recurring financial income | 75 | €12,308 | €9,433 | -€2,875 | -23.4% |
| Financial charges | 65/66B | €61,536 | €60,624 | -€912 | -1.5% |
| Recurring financial charges | 65 | €61,536 | €60,624 | -€912 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €623,078 | €773,925 | +€150,847 | +24.2% |
| Income taxes | 67/77 | €152,814 | €190,024 | +€37,210 | +24.3% |
| Profit (loss) for the period | 9904 | €470,264 | €583,901 | +€113,637 | +24.2% |
| Transfer to tax-exempt reserves | 689 | €229,445 | €288,385 | +€58,940 | +25.7% |
| Profit (loss) for the period to be appropriated | 9905 | €240,819 | €295,516 | +€54,697 | +22.7% |
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 3 October 2026 via checked.be.