REDCAT VENTURES: 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.
REDCAT VENTURES
Largest movements
- Receivables within one year -€70,954
down €70,954 (-97.6%), from €72,697 to €1,743
of which Other amounts receivable: -€68,576
- Tangible fixed assets +€39,529
up €39,529 (+1.8%), from €2.2m to €2.2m
of which Land and buildings: +€40,382
- Debts after one year +€35,069
up €35,069 (+1.4%), from €2.5m to €2.6m
of which Other amounts payable: +€68,567
- Profit (loss) carried forward -€32,091
down €32,091 (-7.5%), from -€428,283 to -€460,374
- Financial charges +€23,503
up €23,503 (+54.6%), from €43,035 to €66,538
of which Financial charges: +€23,503
- Gross operating margin +€14,325
up €14,325 (+13.5%), from €106,458 to €120,784
- Depreciation -€2,812
down €2,812 (-3.6%), from €78,573 to €75,761
- Other operating charges +€1,289
up €1,289 (+13.9%), from €9,290 to €10,578
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 | €2,253,377 | €2,229,143 | -€24,234 | -1.1% |
| Fixed assets | 21/28 | €2,178,556 | €2,218,085 | +€39,529 | +1.8% |
| Tangible fixed assets | 22/27 | €2,178,556 | €2,218,085 | +€39,529 | +1.8% |
| Land and buildings | 22 | €2,154,245 | €2,194,626 | +€40,382 | +1.9% |
| Furniture and vehicles | 24 | €24,311 | €23,458 | -€853 | -3.5% |
| Current assets | 29/58 | €74,822 | €11,059 | -€63,763 | -85.2% |
| Amounts receivable within one year | 40/41 | €72,697 | €1,743 | -€70,954 | -97.6% |
| Trade receivables | 40 | €4,043 | €1,664 | -€2,379 | -58.8% |
| Other amounts receivable | 41 | €68,655 | €79 | -€68,576 | -99.9% |
| Cash at bank and in hand | 54/58 | €0 | €7,287 | +€7,287 | +3,312,214% |
| Deferred charges and accrued income | 490/1 | €2,124 | €2,029 | -€96 | -4.5% |
| Total equity and liabilities | 10/49 | €2,253,377 | €2,229,143 | -€24,234 | -1.1% |
| Equity | 10/15 | -€407,878 | -€439,969 | -€32,091 | -7.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€428,283 | -€460,374 | -€32,091 | -7.5% |
| Amounts payable | 17/49 | €2,661,256 | €2,669,112 | +€7,857 | +0.3% |
| Amounts payable after more than one year | 17 | €2,530,834 | €2,565,903 | +€35,069 | +1.4% |
| Financial debts | 170/4 | €1,392,184 | €1,358,685 | -€33,498 | -2.4% |
| Other amounts payable | 178/9 | €1,138,650 | €1,207,217 | +€68,567 | +6.0% |
| Amounts payable within one year | 42/48 | €127,251 | €101,547 | -€25,704 | -20.2% |
| Current portion of amounts payable after more than one year | 42 | €88,613 | €91,779 | +€3,165 | +3.6% |
| Financial debts | 43 | €14,774 | €0 | -€14,774 | -100% |
| Credit institutions | 430/8 | €14,774 | €0 | -€14,774 | -100% |
| Trade debts | 44 | €23,863 | €3,166 | -€20,697 | -86.7% |
| Suppliers | 440/4 | €23,863 | €3,166 | -€20,697 | -86.7% |
| Taxes, remuneration and social security | 45 | - | €1,128 | +€1,128 | |
| Taxes | 450/3 | - | €1,128 | +€1,128 | |
| Other amounts payable | 47/48 | €0 | €5,473 | +€5,473 | |
| Accrued charges and deferred income | 492/3 | €3,171 | €1,663 | -€1,508 | -47.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,573 | €75,761 | -€2,812 | -3.6% |
| Other operating charges | 640/8 | €9,290 | €10,578 | +€1,289 | +13.9% |
| Gross operating margin | 9900 | €106,458 | €120,784 | +€14,325 | +13.5% |
| Operating profit (loss) | 9901 | €18,596 | €34,444 | +€15,848 | +85.2% |
| Financial income | 75/76B | €350 | €3 | -€347 | -99.1% |
| Recurring financial income | 75 | €350 | €3 | -€347 | -99.1% |
| Financial charges | 65/66B | €43,035 | €66,538 | +€23,503 | +54.6% |
| Recurring financial charges | 65 | €43,035 | €66,538 | +€23,503 | +54.6% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€24,090 | -€32,091 | -€8,001 | -33.2% |
| Profit (loss) for the period | 9904 | -€24,090 | -€32,091 | -€8,001 | -33.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,090 | -€32,091 | -€8,001 | -33.2% |
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 16 October 2026 via checked.be.