Redbouw: 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.
Redbouw
Largest movements
- Stocks and contracts -€445,736
down €445,736 (-100%), from €445,736 to €0
- Cash +€108,425
up €108,425 (+1,613%), from €6,722 to €115,147
mainly Stocks and contracts (+€445,736) and Short-term financial debts (+€150,000)
- Receivables within one year +€49,835
up €49,835 (+16.0%), from €311,858 to €361,693
of which Other amounts receivable: +€43,497
- Debts after one year -€443,525
down €443,525 (-83.8%), from €529,068 to €85,543
- Short-term financial debts +€150,000
up €150,000 (+50.0%), from €300,000 to €450,000
- Reserves +€62,047
up €62,047 (+8.2%), from €760,538 to €822,585
- Trade debts -€34,912
down €34,912 (-11.2%), from €312,279 to €277,367
- Tax, wage and social debts -€31,502
down €31,502 (-41.1%), from €76,642 to €45,140
of which Remuneration and social security: -€17,550
- Gross operating margin -€33,491
down €33,491 (-5.9%), from €565,422 to €531,931
- Taxes -€25,688
down €25,688 (-42.6%), from €60,309 to €34,622
- Staff costs -€15,361
down €15,361 (-6.1%), from €253,481 to €238,120
- Other operating charges +€14,406
up €14,406 (+175%), from €8,250 to €22,656
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 | €2,217,424 | €1,890,458 | -€326,966 | -14.7% |
| Fixed assets | 21/28 | €1,438,607 | €1,402,875 | -€35,732 | -2.5% |
| Tangible fixed assets | 22/27 | €1,411,825 | €1,392,325 | -€19,500 | -1.4% |
| Land and buildings | 22 | €1,404,332 | €1,366,092 | -€38,240 | -2.7% |
| Plant, machinery and equipment | 23 | €7,493 | €22,023 | +€14,530 | +194% |
| Furniture and vehicles | 24 | €0 | €4,209 | +€4,209 | |
| Financial fixed assets | 28 | €26,782 | €10,550 | -€16,232 | -60.6% |
| Current assets | 29/58 | €778,817 | €487,583 | -€291,234 | -37.4% |
| Stocks and contracts in progress | 3 | €445,736 | €0 | -€445,736 | -100% |
| Stocks | 30/36 | €445,736 | €0 | -€445,736 | -100% |
| Amounts receivable within one year | 40/41 | €311,858 | €361,693 | +€49,835 | +16.0% |
| Trade receivables | 40 | €238,224 | €244,561 | +€6,337 | +2.7% |
| Other amounts receivable | 41 | €73,634 | €117,132 | +€43,497 | +59.1% |
| Cash at bank and in hand | 54/58 | €6,722 | €115,147 | +€108,425 | +1,613% |
| Deferred charges and accrued income | 490/1 | €14,501 | €10,743 | -€3,757 | -25.9% |
| Total equity and liabilities | 10/49 | €2,217,424 | €1,890,458 | -€326,966 | -14.7% |
| Equity | 10/15 | €779,138 | €841,185 | +€62,047 | +8.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €760,538 | €822,585 | +€62,047 | +8.2% |
| Distributable reserves | 133 | €760,538 | €822,585 | +€62,047 | +8.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,438,286 | €1,049,273 | -€389,014 | -27.0% |
| Amounts payable after more than one year | 17 | €529,068 | €85,543 | -€443,525 | -83.8% |
| Financial debts | 170/4 | €529,068 | €85,543 | -€443,525 | -83.8% |
| Amounts payable within one year | 42/48 | €905,376 | €951,274 | +€45,898 | +5.1% |
| Current portion of amounts payable after more than one year | 42 | €47,442 | €22,317 | -€25,125 | -53.0% |
| Financial debts | 43 | €300,000 | €450,000 | +€150,000 | +50.0% |
| Credit institutions | 430/8 | €300,000 | €450,000 | +€150,000 | +50.0% |
| Trade debts | 44 | €312,279 | €277,367 | -€34,912 | -11.2% |
| Suppliers | 440/4 | €312,279 | €277,367 | -€34,912 | -11.2% |
| Taxes, remuneration and social security | 45 | €76,642 | €45,140 | -€31,502 | -41.1% |
| Taxes | 450/3 | €30,352 | €16,400 | -€13,952 | -46.0% |
| Remuneration and social security | 454/9 | €46,290 | €28,740 | -€17,550 | -37.9% |
| Other amounts payable | 47/48 | €169,013 | €156,450 | -€12,564 | -7.4% |
| Accrued charges and deferred income | 492/3 | €3,843 | €12,456 | +€8,613 | +224% |
| Non-recurring operating income | 76A | - | €1,600 | +€1,600 | |
| Remuneration, social security and pensions | 62 | €253,481 | €238,120 | -€15,361 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,891 | €60,291 | -€3,601 | -5.6% |
| Other operating charges | 640/8 | €8,250 | €22,656 | +€14,406 | +175% |
| Gross operating margin | 9900 | €565,422 | €531,931 | -€33,491 | -5.9% |
| Operating profit (loss) | 9901 | €239,800 | €210,864 | -€28,936 | -12.1% |
| Financial income | 75/76B | €5,232 | €3,164 | -€2,068 | -39.5% |
| Recurring financial income | 75 | €5,232 | €3,164 | -€2,068 | -39.5% |
| Financial charges | 65/66B | €60,651 | €57,359 | -€3,292 | -5.4% |
| Recurring financial charges | 65 | €60,651 | €57,359 | -€3,292 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €184,381 | €156,669 | -€27,712 | -15.0% |
| Income taxes | 67/77 | €60,309 | €34,622 | -€25,688 | -42.6% |
| Profit (loss) for the period | 9904 | €124,072 | €122,047 | -€2,024 | -1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €124,072 | €122,047 | -€2,024 | -1.6% |
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 13 October 2026 via checked.be.