REDDELBERG: 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.
REDDELBERG
Largest movements
- Tangible fixed assets -€41,086
down €41,086 (-3.3%), from €1.3m to €1.2m
of which Land and buildings: -€72,735
- Debts after one year -€109,888
down €109,888 (-29.7%), from €369,937 to €260,049
- Other debts +€48,313
up €48,313 (+9.2%), from €522,384 to €570,696
- Profit (loss) carried forward +€28,136
up €28,136 (+9.4%), from -€297,762 to -€269,626
- Gross operating margin +€31,940
up €31,940 (+26.1%), from €122,277 to €154,217
- Depreciation +€8,519
up €8,519 (+9.7%), from €87,469 to €95,987
- Financial charges -€5,261
down €5,261 (-27.0%), from €19,503 to €14,242
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 | €1,288,631 | €1,241,911 | -€46,719 | -3.6% |
| Fixed assets | 21/28 | €1,259,496 | €1,218,410 | -€41,086 | -3.3% |
| Tangible fixed assets | 22/27 | €1,259,496 | €1,218,410 | -€41,086 | -3.3% |
| Land and buildings | 22 | €1,259,496 | €1,186,761 | -€72,735 | -5.8% |
| Furniture and vehicles | 24 | - | €31,649 | +€31,649 | |
| Current assets | 29/58 | €29,135 | €23,501 | -€5,634 | -19.3% |
| Amounts receivable within one year | 40/41 | - | €2,420 | +€2,420 | |
| Trade receivables | 40 | - | €2,420 | +€2,420 | |
| Cash at bank and in hand | 54/58 | €24,746 | €17,050 | -€7,696 | -31.1% |
| Deferred charges and accrued income | 490/1 | €4,389 | €4,032 | -€358 | -8.2% |
| Total equity and liabilities | 10/49 | €1,288,631 | €1,241,911 | -€46,719 | -3.6% |
| Equity | 10/15 | €258,015 | €286,151 | +€28,136 | +10.9% |
| Contributions | 10/11 | €555,529 | €555,529 | = | 0.0% |
| Capital | 10 | €555,529 | €555,529 | = | 0.0% |
| Issued capital | 100 | €555,529 | €555,529 | = | 0.0% |
| Reserves | 13 | €248 | €248 | = | 0.0% |
| Non-distributable reserves | 130/1 | €248 | €248 | = | 0.0% |
| Legal reserve | 130 | €248 | €248 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€297,762 | -€269,626 | +€28,136 | +9.4% |
| Amounts payable | 17/49 | €1,030,616 | €955,760 | -€74,856 | -7.3% |
| Amounts payable after more than one year | 17 | €369,937 | €260,049 | -€109,888 | -29.7% |
| Financial debts | 170/4 | €369,937 | €260,049 | -€109,888 | -29.7% |
| Amounts payable within one year | 42/48 | €654,090 | €690,183 | +€36,093 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €128,341 | €116,375 | -€11,966 | -9.3% |
| Trade debts | 44 | €2,665 | €2,420 | -€245 | -9.2% |
| Suppliers | 440/4 | €2,665 | €2,420 | -€245 | -9.2% |
| Taxes, remuneration and social security | 45 | €700 | €692 | -€8 | -1.1% |
| Taxes | 450/3 | €700 | €692 | -€8 | -1.1% |
| Other amounts payable | 47/48 | €522,384 | €570,696 | +€48,313 | +9.2% |
| Accrued charges and deferred income | 492/3 | €6,589 | €5,528 | -€1,061 | -16.1% |
| Non-recurring operating income | 76A | - | €2,420 | +€2,420 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,469 | €95,987 | +€8,519 | +9.7% |
| Other operating charges | 640/8 | €15,306 | €15,517 | +€211 | +1.4% |
| Gross operating margin | 9900 | €122,277 | €154,217 | +€31,940 | +26.1% |
| Operating profit (loss) | 9901 | €19,502 | €42,712 | +€23,210 | +119.0% |
| Financial charges | 65/66B | €19,503 | €14,242 | -€5,261 | -27.0% |
| Recurring financial charges | 65 | €19,503 | €14,242 | -€5,261 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | -€0 | €28,471 | +€28,471 | |
| Income taxes | 67/77 | €358 | €334 | -€24 | -6.7% |
| Profit (loss) for the period | 9904 | -€358 | €28,136 | +€28,494 | |
| Profit (loss) for the period to be appropriated | 9905 | -€358 | €28,136 | +€28,494 |
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 10 October 2026 via checked.be.