REDDINGUE: 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.
REDDINGUE
Largest movements
- Tangible fixed assets +€135,431
up €135,431 (+11.7%), from €1.2m to €1.3m
of which Land and buildings: +€129,837
- Cash -€60,073
down €60,073 (-82.0%), from €73,298 to €13,225
mainly Investment in fixed assets (net) (-€232,108) and Trade debts (-€44,969)
- Receivables within one year +€22,298
up €22,298 (+19.4%), from €114,973 to €137,271
of which Other amounts receivable: +€27,235
- Reserves +€153,157
up €153,157 (+34.1%), from €448,857 to €602,014
- Trade debts -€44,969
down €44,969 (-32.1%), from €140,006 to €95,037
- Debts after one year -€39,288
down €39,288 (-6.7%), from €588,792 to €549,504
- Current portion of long-term debt +€26,357
up €26,357 (+33.2%), from €79,451 to €105,808
- Advances received +€24,300
up €24,300 (+1429.4%), from €1,700 to €26,000
- Staff costs -€95,714
down €95,714 (-33.4%), from €286,845 to €191,131
- Gross operating margin -€50,707
down €50,707 (-9.0%), from €562,373 to €511,666
- Depreciation +€14,978
up €14,978 (+18.3%), from €81,700 to €96,677
- Financial charges +€7,676
up €7,676 (+41.1%), from €18,677 to €26,353
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 | €1,364,178 | €1,459,195 | +€95,016 | +7.0% |
| Fixed assets | 21/28 | €1,157,734 | €1,293,164 | +€135,431 | +11.7% |
| Tangible fixed assets | 22/27 | €1,156,234 | €1,291,664 | +€135,431 | +11.7% |
| Land and buildings | 22 | €934,596 | €1,064,433 | +€129,837 | +13.9% |
| Plant, machinery and equipment | 23 | €112,098 | €139,546 | +€27,449 | +24.5% |
| Furniture and vehicles | 24 | €21,298 | €24,929 | +€3,631 | +17.0% |
| Other tangible fixed assets | 26 | €88,242 | €62,755 | -€25,486 | -28.9% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €206,445 | €166,031 | -€40,414 | -19.6% |
| Stocks and contracts in progress | 3 | €8,839 | €8,019 | -€820 | -9.3% |
| Stocks | 30/36 | €8,839 | €8,019 | -€820 | -9.3% |
| Amounts receivable within one year | 40/41 | €114,973 | €137,271 | +€22,298 | +19.4% |
| Trade receivables | 40 | €104,508 | €99,571 | -€4,937 | -4.7% |
| Other amounts receivable | 41 | €10,464 | €37,700 | +€27,235 | +260.3% |
| Cash at bank and in hand | 54/58 | €73,298 | €13,225 | -€60,073 | -82.0% |
| Deferred charges and accrued income | 490/1 | €9,335 | €7,515 | -€1,819 | -19.5% |
| Total equity and liabilities | 10/49 | €1,364,178 | €1,459,195 | +€95,016 | +7.0% |
| Equity | 10/15 | €468,857 | €622,014 | +€153,157 | +32.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €448,857 | €602,014 | +€153,157 | +34.1% |
| Distributable reserves | 133 | €448,857 | €602,014 | +€153,157 | +34.1% |
| Amounts payable | 17/49 | €895,321 | €837,181 | -€58,141 | -6.5% |
| Amounts payable after more than one year | 17 | €588,792 | €549,504 | -€39,288 | -6.7% |
| Financial debts | 170/4 | €588,792 | €549,504 | -€39,288 | -6.7% |
| Amounts payable within one year | 42/48 | €298,068 | €276,944 | -€21,123 | -7.1% |
| Current portion of amounts payable after more than one year | 42 | €79,451 | €105,808 | +€26,357 | +33.2% |
| Trade debts | 44 | €140,006 | €95,037 | -€44,969 | -32.1% |
| Suppliers | 440/4 | €140,006 | €95,037 | -€44,969 | -32.1% |
| Advances received on contracts in progress | 46 | €1,700 | €26,000 | +€24,300 | +1429.4% |
| Taxes, remuneration and social security | 45 | €54,444 | €50,100 | -€4,345 | -8.0% |
| Taxes | 450/3 | €19,976 | €26,862 | +€6,886 | +34.5% |
| Remuneration and social security | 454/9 | €34,468 | €23,238 | -€11,231 | -32.6% |
| Other amounts payable | 47/48 | €22,467 | - | -€22,467 | |
| Accrued charges and deferred income | 492/3 | €8,461 | €10,732 | +€2,271 | +26.8% |
| Remuneration, social security and pensions | 62 | €286,845 | €191,131 | -€95,714 | -33.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,700 | €96,677 | +€14,978 | +18.3% |
| Other operating charges | 640/8 | €2,307 | €3,661 | +€1,354 | +58.7% |
| Non-recurring operating charges | 66A | €1,491 | €312 | -€1,178 | -79.0% |
| Gross operating margin | 9900 | €562,373 | €511,666 | -€50,707 | -9.0% |
| Operating profit (loss) | 9901 | €190,031 | €219,884 | +€29,853 | +15.7% |
| Financial income | 75/76B | €153 | €1,014 | +€861 | +564.2% |
| Recurring financial income | 75 | €153 | €1,014 | +€861 | +564.2% |
| Financial charges | 65/66B | €18,677 | €26,353 | +€7,676 | +41.1% |
| Recurring financial charges | 65 | €18,677 | €26,353 | +€7,676 | +41.1% |
| Profit (loss) for the period before taxes | 9903 | €171,507 | €194,545 | +€23,038 | +13.4% |
| Income taxes | 67/77 | €37,403 | €41,388 | +€3,985 | +10.7% |
| Profit (loss) for the period | 9904 | €134,104 | €153,157 | +€19,053 | +14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €134,104 | €153,157 | +€19,053 | +14.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.