REDBOX: 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.
REDBOX
Largest movements
- Tangible fixed assets -€471,816
down €471,816 (-14.4%), from €3.3m to €2.8m
- Cash +€99,154
up €99,154 (+609.9%), from €16,257 to €115,411
mainly Investment in fixed assets (net) (+€439,608) and Other debts (+€324,815)
- Debts after one year -€860,606
down €860,606 (-38.8%), from €2.2m to €1.4m
- Other debts +€324,815
up €324,815 (+26.7%), from €1.2m to €1.5m
- Profit (loss) carried forward +€149,842
up €149,842 (+36.0%), from -€415,827 to -€265,985
- Gross operating margin +€229,926
up €229,926 (+983.3%), from €23,384 to €253,309
- Financial charges -€12,813
down €12,813 (-16.2%), from €79,134 to €66,321
- Depreciation -€6,180
down €6,180 (-16.1%), from €38,388 to €32,208
- Other operating charges +€2,607
up €2,607 (+102.0%), from €2,555 to €5,162
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 | €3,314,560 | €2,927,484 | -€387,076 | -11.7% |
| Fixed assets | 21/28 | €3,283,389 | €2,811,573 | -€471,816 | -14.4% |
| Tangible fixed assets | 22/27 | €3,283,389 | €2,811,573 | -€471,816 | -14.4% |
| Land and buildings | 22 | €3,283,389 | €2,811,573 | -€471,816 | -14.4% |
| Current assets | 29/58 | €31,171 | €115,911 | +€84,740 | +271.9% |
| Amounts receivable within one year | 40/41 | €500 | €500 | = | 0.0% |
| Trade receivables | 40 | €500 | €500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €16,257 | €115,411 | +€99,154 | +609.9% |
| Deferred charges and accrued income | 490/1 | €14,414 | - | -€14,414 | |
| Total equity and liabilities | 10/49 | €3,314,560 | €2,927,484 | -€387,076 | -11.7% |
| Equity | 10/15 | -€235,827 | -€85,985 | +€149,842 | +63.5% |
| Contributions | 10/11 | €180,000 | €180,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€415,827 | -€265,985 | +€149,842 | +36.0% |
| Amounts payable | 17/49 | €3,550,386 | €3,013,469 | -€536,917 | -15.1% |
| Amounts payable after more than one year | 17 | €2,219,145 | €1,358,538 | -€860,606 | -38.8% |
| Financial debts | 170/4 | €2,219,145 | €1,358,538 | -€860,606 | -38.8% |
| Amounts payable within one year | 42/48 | €1,331,242 | €1,654,931 | +€323,689 | +24.3% |
| Current portion of amounts payable after more than one year | 42 | €113,413 | €110,606 | -€2,806 | -2.5% |
| Trade debts | 44 | - | €1,680 | +€1,680 | |
| Suppliers | 440/4 | - | €1,680 | +€1,680 | |
| Other amounts payable | 47/48 | €1,217,829 | €1,542,644 | +€324,815 | +26.7% |
| Non-recurring operating income | 76A | - | €234,818 | +€234,818 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,388 | €32,208 | -€6,180 | -16.1% |
| Other operating charges | 640/8 | €2,555 | €5,162 | +€2,607 | +102.0% |
| Gross operating margin | 9900 | €23,384 | €253,309 | +€229,926 | +983.3% |
| Operating profit (loss) | 9901 | -€17,560 | €215,939 | +€233,499 | |
| Financial income | 75/76B | €222 | €223 | +€1 | +0.6% |
| Recurring financial income | 75 | €222 | €223 | +€1 | +0.6% |
| Financial charges | 65/66B | €79,134 | €66,321 | -€12,813 | -16.2% |
| Recurring financial charges | 65 | €79,134 | €66,321 | -€12,813 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | -€96,472 | €149,842 | +€246,314 | |
| Profit (loss) for the period | 9904 | -€96,472 | €149,842 | +€246,314 | |
| Profit (loss) for the period to be appropriated | 9905 | -€96,472 | €149,842 | +€246,314 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.