REDCO: 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.
REDCO
Largest movements
- Tangible fixed assets +€6,407
up €6,407 (+363.4%), from €1,763 to €8,170
of which Furniture and vehicles: +€7,092
- Receivables within one year +€2,873
up €2,873 (+39.1%), from €7,355 to €10,228
of which Trade receivables: +€3,390
- Stocks and contracts -€2,405
down €2,405 (-15.2%), from €15,838 to €13,433
- Deferred charges and accrued income +€510
up €510 (+118.8%), from €429 to €939
- Cash +€471
up €471 (+109.0%), from €432 to €902
mainly Net result for the year (+€8,845) and Debts after one year (+€2,415)
- Reserves +€8,000
up €8,000 (+423.3%), from €1,890 to €9,890
of which Distributable reserves: +€8,000
- Trade debts -€2,793
down €2,793 (-51.1%), from €5,462 to €2,669
- Debts after one year +€2,415
up €2,415 (+25.1%), from €9,625 to €12,040
- Accrued charges and deferred income -€887
no longer reported in 2025 (was €887)
- Profit (loss) carried forward +€845
up €845 (+187.1%), from €452 to €1,297
- Gross operating margin +€14,208
up €14,208, from -€979 to €13,229
- Depreciation +€700
up €700 (+81.4%), from €860 to €1,560
- Taxes +€245
new in 2025: €245
- Financial charges -€226
down €226 (-22.3%), from €1,016 to €789
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 | €25,817 | €33,672 | +€7,855 | +30.4% |
| Fixed assets | 21/28 | €1,763 | €8,170 | +€6,407 | +363.4% |
| Tangible fixed assets | 22/27 | €1,763 | €8,170 | +€6,407 | +363.4% |
| Plant, machinery and equipment | 23 | €1,431 | €746 | -€685 | -47.9% |
| Furniture and vehicles | 24 | €332 | €7,424 | +€7,092 | +2136.6% |
| Current assets | 29/58 | €24,054 | €25,502 | +€1,449 | +6.0% |
| Stocks and contracts in progress | 3 | €15,838 | €13,433 | -€2,405 | -15.2% |
| Stocks | 30/36 | €15,838 | €13,433 | -€2,405 | -15.2% |
| Amounts receivable within one year | 40/41 | €7,355 | €10,228 | +€2,873 | +39.1% |
| Trade receivables | 40 | €5,744 | €9,134 | +€3,390 | +59.0% |
| Other amounts receivable | 41 | €1,611 | €1,095 | -€516 | -32.1% |
| Cash at bank and in hand | 54/58 | €432 | €902 | +€471 | +109.0% |
| Deferred charges and accrued income | 490/1 | €429 | €939 | +€510 | +118.8% |
| Total equity and liabilities | 10/49 | €25,817 | €33,672 | +€7,855 | +30.4% |
| Equity | 10/15 | €8,642 | €17,487 | +€8,845 | +102.4% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €1,890 | €9,890 | +€8,000 | +423.3% |
| Non-distributable reserves | 130/1 | €1,890 | €1,890 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,890 | €1,890 | = | 0.0% |
| Distributable reserves | 133 | - | €8,000 | +€8,000 | |
| Profit (loss) carried forward | 14 | €452 | €1,297 | +€845 | +187.1% |
| Amounts payable | 17/49 | €17,175 | €16,185 | -€990 | -5.8% |
| Amounts payable after more than one year | 17 | €9,625 | €12,040 | +€2,415 | +25.1% |
| Other amounts payable | 178/9 | €9,625 | €12,040 | +€2,415 | +25.1% |
| Amounts payable within one year | 42/48 | €6,662 | €4,145 | -€2,517 | -37.8% |
| Trade debts | 44 | €5,462 | €2,669 | -€2,793 | -51.1% |
| Suppliers | 440/4 | €5,462 | €2,669 | -€2,793 | -51.1% |
| Taxes, remuneration and social security | 45 | €1,200 | €1,476 | +€276 | +23.0% |
| Taxes | 450/3 | - | €276 | +€276 | |
| Remuneration and social security | 454/9 | €1,200 | €1,200 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €887 | - | -€887 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €860 | €1,560 | +€700 | +81.4% |
| Other operating charges | 640/8 | €515 | €527 | +€12 | +2.4% |
| Non-recurring operating charges | 66A | - | €1,267 | +€1,267 | |
| Gross operating margin | 9900 | -€979 | €13,229 | +€14,208 | |
| Operating profit (loss) | 9901 | -€2,354 | €9,876 | +€12,229 | |
| Financial income | 75/76B | €93 | €4 | -€89 | -95.6% |
| Recurring financial income | 75 | €93 | €4 | -€89 | -95.6% |
| Financial charges | 65/66B | €1,016 | €789 | -€226 | -22.3% |
| Recurring financial charges | 65 | €1,016 | €789 | -€226 | -22.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,277 | €9,090 | +€12,367 | |
| Income taxes | 67/77 | - | €245 | +€245 | |
| Profit (loss) for the period | 9904 | -€3,277 | €8,845 | +€12,122 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,277 | €8,845 | +€12,122 |
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 9 October 2026 via checked.be.