REDCORP: 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.
What changed
REDCORP
NACE 68.310, Real estate agency activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€891,057
2024 · €1.9m-€1.0m
Equity
€2.1m
2024 · €2.2m-€104,943
Cash
€811,058
2024 · €4.9m-€4.1m
Balance sheet total
€5.5m
2024 · €9.4m-€4.0m
Largest movements
Assets
- Cash -€4.1m
down €4.1m (-83.4%), from €4.9m to €811,058
mainly Trade debts (-€2.9m) and Contributions, distributions and other (-€996,000)
- Receivables within one year +€105,946
up €105,946 (+2.9%), from €3.7m to €3.8m
of which Trade receivables: +€92,156
Equity and liabilities
- Trade debts -€2.9m
down €2.9m (-61.9%), from €4.7m to €1.8m
- Other debts -€924,000
down €924,000 (-48.1%), from €1.9m to €996,000
- Profit (loss) carried forward -€104,943
down €104,943 (-31.1%), from €337,066 to €232,123
Income statement
- Turnover -€1.6m
down €1.6m (-4.9%), from €33.6m to €32.0m
- Goods and materials -€513,299
down €513,299 (-1.9%), from €27.6m to €27.1m
of which Purchases: -€308,085
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.
Result 2024
€1.9m
Turnover
-€1.6m
Other operating income
-€57,875
Goods and materials
+€513,299
Services and other goods
+€83,947
Staff costs
+€99,182
Depreciation
-€684
Provisions
+€2,756
Other operating charges
+€11,664
Financial income
+€28,448
Financial charges
-€20,922
Taxes
-€45,786
Result 2025
€891,057
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.
From operations
-€3.0m
Investment
-€39,149
Financing
-€996,000
Cash 2024
€4.9m
From operations (derived)
-€3.0m
Net result for the year
+€891,057
Depreciation
+€88,690
Stocks and contracts
-€44,612
Receivables within one year
-€105,946
Deferred charges and accrued income
-€2,387
Provisions
+€39,149
Trade debts
-€2.9m
Tax, wage and social debts
-€87,130
Other debts
-€924,000
Accrued charges and deferred income
+€19,064
Investment (derived)
-€39,149
Current investments
-€39,149
Financing
-€996,000
Contributions, distributions and other
-€996,000
Cash 2025
€811,058
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,445,519 | €5,470,016 | -€4.0m | -42.1% |
| Fixed assets | 21/28 | €578,527 | €489,837 | -€88,690 | -15.3% |
| Intangible fixed assets | 21 | €372,809 | €319,551 | -€53,258 | -14.3% |
| Tangible fixed assets | 22/27 | €205,218 | €169,786 | -€35,431 | -17.3% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €775 | €584 | -€191 | -24.7% |
| Furniture and vehicles | 24 | €5,685 | €2,968 | -€2,717 | -47.8% |
| Other tangible fixed assets | 26 | €198,758 | €166,234 | -€32,523 | -16.4% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Other financial fixed assets | 284/8 | €500 | €500 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €8,866,993 | €4,980,179 | -€3.9m | -43.8% |
| Stocks and contracts in progress | 3 | €259,401 | €304,013 | +€44,612 | +17.2% |
| Stocks | 30/36 | €259,401 | €304,013 | +€44,612 | +17.2% |
| Goods purchased for resale | 34 | €259,401 | €304,013 | +€44,612 | +17.2% |
| Amounts receivable within one year | 40/41 | €3,652,967 | €3,758,914 | +€105,946 | +2.9% |
| Trade receivables | 40 | €3,477,099 | €3,569,255 | +€92,156 | +2.7% |
| Other amounts receivable | 41 | €175,868 | €189,659 | +€13,791 | +7.8% |
| Current investments | 50/53 | €42,835 | €81,984 | +€39,149 | +91.4% |
| Other investments | 51/53 | €42,835 | €81,984 | +€39,149 | +91.4% |
| Cash at bank and in hand | 54/58 | €4,889,965 | €811,058 | -€4.1m | -83.4% |
| Deferred charges and accrued income | 490/1 | €21,824 | €24,211 | +€2,387 | +10.9% |
| Total equity and liabilities | 10/49 | €9,445,519 | €5,470,016 | -€4.0m | -42.1% |
| Equity | 10/15 | €2,233,066 | €2,128,123 | -€104,943 | -4.7% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €1,833,000 | €1,833,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €42,500 | €42,500 | = | 0.0% |
| Legal reserve | 130 | €42,500 | €42,500 | = | 0.0% |
| Distributable reserves | 133 | €1,790,500 | €1,790,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €337,066 | €232,123 | -€104,943 | -31.1% |
| Provisions and deferred taxes | 16 | €41,905 | €81,054 | +€39,149 | +93.4% |
| Provisions for liabilities and charges | 160/5 | €41,905 | €81,054 | +€39,149 | +93.4% |
| Other liabilities and charges | 164/5 | €41,905 | €81,054 | +€39,149 | +93.4% |
| Amounts payable | 17/49 | €7,170,549 | €3,260,840 | -€3.9m | -54.5% |
| Amounts payable within one year | 42/48 | €7,169,274 | €3,240,501 | -€3.9m | -54.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €4,715,816 | €1,798,173 | -€2.9m | -61.9% |
| Suppliers | 440/4 | €4,715,816 | €1,798,173 | -€2.9m | -61.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €533,458 | €446,328 | -€87,130 | -16.3% |
| Taxes | 450/3 | €252,295 | €243,290 | -€9,005 | -3.6% |
| Remuneration and social security | 454/9 | €281,163 | €203,038 | -€78,125 | -27.8% |
| Other amounts payable | 47/48 | €1,920,000 | €996,000 | -€924,000 | -48.1% |
| Accrued charges and deferred income | 492/3 | €1,275 | €20,339 | +€19,064 | +1495.3% |
| Operating income | 70/76A | €33,727,658 | €32,019,921 | -€1.7m | -5.1% |
| Turnover | 70 | €33,617,870 | €31,968,008 | -€1.6m | -4.9% |
| Other operating income | 74 | €109,787 | €51,913 | -€57,875 | -52.7% |
| Operating charges | 60/66A | €31,849,015 | €31,138,851 | -€710,164 | -2.2% |
| Goods for resale, raw materials and consumables | 60 | €27,616,317 | €27,103,019 | -€513,299 | -1.9% |
| Purchases | 600/8 | €27,455,716 | €27,147,631 | -€308,085 | -1.1% |
| Change in stocks: decrease (increase) | 609 | €160,602 | -€44,612 | -€205,214 | |
| Services and other goods | 61 | €2,603,579 | €2,519,632 | -€83,947 | -3.2% |
| Remuneration, social security and pensions | 62 | €1,474,597 | €1,375,415 | -€99,182 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,006 | €88,690 | +€684 | +0.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €41,905 | €39,149 | -€2,756 | -6.6% |
| Other operating charges | 640/8 | €24,611 | €12,947 | -€11,664 | -47.4% |
| Operating profit (loss) | 9901 | €1,878,643 | €881,069 | -€997,574 | -53.1% |
| Financial income | 75/76B | €101,097 | €129,544 | +€28,448 | +28.1% |
| Recurring financial income | 75 | €101,097 | €129,544 | +€28,448 | +28.1% |
| Income from financial fixed assets | 750 | €35,531 | €0 | -€35,531 | -100.0% |
| Income from current assets | 751 | - | €10,818 | +€10,818 | |
| Other financial income | 752/9 | €65,566 | €118,726 | +€53,160 | +81.1% |
| Financial charges | 65/66B | €40,170 | €61,092 | +€20,922 | +52.1% |
| Recurring financial charges | 65 | €40,170 | €61,092 | +€20,922 | +52.1% |
| Debt charges | 650 | €33,342 | €18,615 | -€14,727 | -44.2% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €855 | €12,624 | +€11,769 | +1376.2% |
| Other financial charges | 652/9 | €5,973 | €29,853 | +€23,880 | +399.8% |
| Profit (loss) for the period before taxes | 9903 | €1,939,569 | €949,521 | -€990,048 | -51.0% |
| Income taxes | 67/77 | €12,678 | €58,464 | +€45,786 | +361.1% |
| Taxes | 670/3 | €12,678 | €58,464 | +€45,786 | +361.1% |
| Profit (loss) for the period | 9904 | €1,926,891 | €891,057 | -€1.0m | -53.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,926,891 | €891,057 | -€1.0m | -53.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.