REDCAPITAL: 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.
REDCAPITAL
Largest movements
- Receivables within one year -€5,616
down €5,616 (-22.4%), from €25,085 to €19,469
- Deferred charges and accrued income +€497
up €497 (+31.6%), from €1,574 to €2,071
- Profit (loss) carried forward -€5,941
down €5,941 (-60.8%), from €9,780 to €3,838
- Other debts +€1,350
up €1,350 (+22.0%), from €6,150 to €7,500
- Trade debts -€283
no longer reported in 2025 (was €283)
- Gross operating margin -€11,657
down €11,657, from €6,930 to -€4,728
- Taxes -€1,575
no longer reported in 2025 (was €1,575)
- Other operating charges +€756
up €756 (+1707.5%), from €44 to €801
- Depreciation -€391
no longer reported in 2025 (was €391)
- Financial charges +€82
up €82 (+24.8%), from €331 to €413
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 | €26,987 | €22,113 | -€4,874 | -18.1% |
| Current assets | 29/58 | €26,987 | €22,113 | -€4,874 | -18.1% |
| Amounts receivable within one year | 40/41 | €25,085 | €19,469 | -€5,616 | -22.4% |
| Other amounts receivable | 41 | €25,085 | €19,469 | -€5,616 | -22.4% |
| Cash at bank and in hand | 54/58 | €328 | €573 | +€245 | +74.7% |
| Deferred charges and accrued income | 490/1 | €1,574 | €2,071 | +€497 | +31.6% |
| Total equity and liabilities | 10/49 | €26,987 | €22,113 | -€4,874 | -18.1% |
| Equity | 10/15 | €18,980 | €13,038 | -€5,941 | -31.3% |
| Contributions | 10/11 | €9,200 | €9,200 | = | 0.0% |
| Capital | 10 | €9,200 | €9,200 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Uncalled capital | 101 | €9,392 | €9,392 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,780 | €3,838 | -€5,941 | -60.8% |
| Amounts payable | 17/49 | €8,008 | €9,075 | +€1,067 | +13.3% |
| Amounts payable within one year | 42/48 | €8,008 | €9,075 | +€1,067 | +13.3% |
| Trade debts | 44 | €283 | - | -€283 | |
| Suppliers | 440/4 | €283 | - | -€283 | |
| Taxes, remuneration and social security | 45 | €1,575 | €1,575 | = | 0.0% |
| Taxes | 450/3 | €1,575 | €1,575 | = | 0.0% |
| Other amounts payable | 47/48 | €6,150 | €7,500 | +€1,350 | +22.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €391 | - | -€391 | |
| Other operating charges | 640/8 | €44 | €801 | +€756 | +1707.5% |
| Gross operating margin | 9900 | €6,930 | -€4,728 | -€11,657 | |
| Operating profit (loss) | 9901 | €6,495 | -€5,528 | -€12,023 | |
| Financial charges | 65/66B | €331 | €413 | +€82 | +24.8% |
| Recurring financial charges | 65 | €331 | €413 | +€82 | +24.8% |
| Profit (loss) for the period before taxes | 9903 | €6,164 | -€5,941 | -€12,105 | |
| Income taxes | 67/77 | €1,575 | - | -€1,575 | |
| Profit (loss) for the period | 9904 | €4,589 | -€5,941 | -€10,530 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,589 | -€5,941 | -€10,530 |
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.