REDART-CONSTRUCT: what changed
REDART-CONSTRUCT
Largest movements
- Receivables within one year -€17,286
down €17,286 (-7.2%), from €241,032 to €223,746
of which Trade receivables: -€105,621
- Other debts -€76,677
no longer reported in 2025 (was €76,677)
- Accrued charges and deferred income +€29,205
up €29,205 (+504%), from €5,795 to €35,000
- Trade debts +€20,458
up €20,458 (+44.2%), from €46,245 to €66,703
- Profit (loss) carried forward +€13,840
up €13,840 (+14.6%), from €94,532 to €108,372
- Tax, wage and social debts -€2,703
down €2,703 (-22.4%), from €12,090 to €9,387
of which Remuneration and social security: -€1,438
- Gross operating margin -€16,824
down €16,824 (-39.9%), from €42,162 to €25,337
- Staff costs -€13,809
down €13,809 (-71.3%), from €19,363 to €5,555
- Financial charges -€5,973
down €5,973 (-92.1%), from €6,487 to €514
- Taxes +€708
up €708 (+16.3%), from €4,340 to €5,048
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €242,959 | €227,082 | -€15,877 | -6.5% |
| Current assets | 29/58 | €242,959 | €227,082 | -€15,877 | -6.5% |
| Amounts receivable within one year | 40/41 | €241,032 | €223,746 | -€17,286 | -7.2% |
| Trade receivables | 40 | €227,227 | €121,606 | -€105,621 | -46.5% |
| Other amounts receivable | 41 | €13,805 | €102,139 | +€88,335 | +640% |
| Cash at bank and in hand | 54/58 | €720 | €2,508 | +€1,788 | +248% |
| Deferred charges and accrued income | 490/1 | €1,207 | €828 | -€379 | -31.4% |
| Total equity and liabilities | 10/49 | €242,959 | €227,082 | -€15,877 | -6.5% |
| Equity | 10/15 | €102,152 | €115,992 | +€13,840 | +13.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,420 | €1,420 | = | 0.0% |
| Distributable reserves | 133 | €1,420 | €1,420 | = | 0.0% |
| Profit (loss) carried forward | 14 | €94,532 | €108,372 | +€13,840 | +14.6% |
| Amounts payable | 17/49 | €140,808 | €111,090 | -€29,717 | -21.1% |
| Amounts payable within one year | 42/48 | €135,013 | €76,090 | -€58,923 | -43.6% |
| Trade debts | 44 | €46,245 | €66,703 | +€20,458 | +44.2% |
| Suppliers | 440/4 | €46,245 | €66,703 | +€20,458 | +44.2% |
| Taxes, remuneration and social security | 45 | €12,090 | €9,387 | -€2,703 | -22.4% |
| Taxes | 450/3 | €10,652 | €9,387 | -€1,265 | -11.9% |
| Remuneration and social security | 454/9 | €1,438 | - | -€1,438 | |
| Other amounts payable | 47/48 | €76,677 | - | -€76,677 | |
| Accrued charges and deferred income | 492/3 | €5,795 | €35,000 | +€29,205 | +504% |
| Remuneration, social security and pensions | 62 | €19,363 | €5,555 | -€13,809 | -71.3% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €42,162 | €25,337 | -€16,824 | -39.9% |
| Operating profit (loss) | 9901 | €22,411 | €19,383 | -€3,028 | -13.5% |
| Financial income | 75/76B | €2 | €19 | +€17 | +1,101% |
| Recurring financial income | 75 | €2 | €19 | +€17 | +1,101% |
| Financial charges | 65/66B | €6,487 | €514 | -€5,973 | -92.1% |
| Recurring financial charges | 65 | €6,487 | €514 | -€5,973 | -92.1% |
| Profit (loss) for the period before taxes | 9903 | €15,926 | €18,888 | +€2,962 | +18.6% |
| Income taxes | 67/77 | €4,340 | €5,048 | +€708 | +16.3% |
| Profit (loss) for the period | 9904 | €11,586 | €13,840 | +€2,254 | +19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,586 | €13,840 | +€2,254 | +19.5% |
Next steps
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 2 November 2026 via checked.be.