REDEBEL HOLDING: 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.
REDEBEL HOLDING
Largest movements
- Current investments -€1.0m
no longer reported in 2025 (was €1.0m)
- Receivables within one year -€726,062
down €726,062 (-84.9%), from €855,161 to €129,099
of which Other amounts receivable: -€400,522
- Financial fixed assets +€351,600
up €351,600 (+52.5%), from €669,882 to €1.0m
- Cash +€96,078
up €96,078 (+16.2%), from €594,413 to €690,491
mainly Current investments (+€1.0m) and Receivables within one year (+€726,062)
- Tangible fixed assets +€37,388
up €37,388 (+671%), from €5,570 to €42,958
- Other debts -€853,938
down €853,938 (-99.7%), from €856,438 to €2,500
- Debts after one year -€280,229
no longer reported in 2025 (was €280,229)
- Tax, wage and social debts -€115,064
down €115,064 (-89.4%), from €128,696 to €13,633
of which Remuneration and social security: -€109,941
- Profit (loss) carried forward +€33,540
up €33,540 (+24.8%), from €135,257 to €168,797
- Financial income -€1.9m
down €1.9m (-97.5%), from €1.9m to €47,827
of which Non-recurring financial income: -€1.7m
- Financial charges -€247,418
down €247,418 (-99.8%), from €247,798 to €380
of which Non-recurring financial charges: -€225,000
- Staff costs -€114,998
down €114,998 (-51.3%), from €223,992 to €108,994
- Provisions +€114,415
no longer reported in 2025 (was -€114,415)
- Taxes -€31,754
down €31,754 (-96.7%), from €32,854 to €1,099
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 | €3,158,519 | €1,919,127 | -€1.2m | -39.2% |
| Fixed assets | 21/28 | €675,452 | €1,064,441 | +€388,988 | +57.6% |
| Tangible fixed assets | 22/27 | €5,570 | €42,958 | +€37,388 | +671% |
| Furniture and vehicles | 24 | €5,570 | €42,958 | +€37,388 | +671% |
| Financial fixed assets | 28 | €669,882 | €1,021,482 | +€351,600 | +52.5% |
| Current assets | 29/58 | €2,483,066 | €854,687 | -€1.6m | -65.6% |
| Amounts receivable after more than one year | 29 | €25,000 | €25,000 | = | 0.0% |
| Other amounts receivable | 291 | €25,000 | €25,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €855,161 | €129,099 | -€726,062 | -84.9% |
| Trade receivables | 40 | €395,739 | €70,199 | -€325,540 | -82.3% |
| Other amounts receivable | 41 | €459,421 | €58,899 | -€400,522 | -87.2% |
| Current investments | 50/53 | €1,000,000 | - | -€1.0m | |
| Cash at bank and in hand | 54/58 | €594,413 | €690,491 | +€96,078 | +16.2% |
| Deferred charges and accrued income | 490/1 | €8,493 | €10,097 | +€1,604 | +18.9% |
| Total equity and liabilities | 10/49 | €3,158,519 | €1,919,127 | -€1.2m | -39.2% |
| Equity | 10/15 | €1,853,178 | €1,886,718 | +€33,540 | +1.8% |
| Contributions | 10/11 | €306,000 | €306,000 | = | 0.0% |
| Capital | 10 | €306,000 | €306,000 | = | 0.0% |
| Issued capital | 100 | €306,000 | €306,000 | = | 0.0% |
| Reserves | 13 | €1,411,921 | €1,411,921 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30,600 | €30,600 | = | 0.0% |
| Legal reserve | 130 | €30,600 | €30,600 | = | 0.0% |
| Tax-exempt reserves | 132 | €38,750 | €38,750 | = | 0.0% |
| Distributable reserves | 133 | €1,342,571 | €1,342,571 | = | 0.0% |
| Profit (loss) carried forward | 14 | €135,257 | €168,797 | +€33,540 | +24.8% |
| Amounts payable | 17/49 | €1,305,340 | €32,409 | -€1.3m | -97.5% |
| Amounts payable after more than one year | 17 | €280,229 | - | -€280,229 | |
| Other amounts payable | 178/9 | €280,229 | - | -€280,229 | |
| Amounts payable within one year | 42/48 | €1,025,111 | €32,409 | -€992,702 | -96.8% |
| Trade debts | 44 | €39,976 | €16,277 | -€23,700 | -59.3% |
| Suppliers | 440/4 | €39,976 | €16,277 | -€23,700 | -59.3% |
| Taxes, remuneration and social security | 45 | €128,696 | €13,633 | -€115,064 | -89.4% |
| Taxes | 450/3 | €12,554 | €7,431 | -€5,123 | -40.8% |
| Remuneration and social security | 454/9 | €116,142 | €6,201 | -€109,941 | -94.7% |
| Other amounts payable | 47/48 | €856,438 | €2,500 | -€853,938 | -99.7% |
| Remuneration, social security and pensions | 62 | €223,992 | €108,994 | -€114,998 | -51.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,522 | €5,724 | +€4,201 | +276% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€114,415 | - | +€114,415 | |
| Other operating charges | 640/8 | €1,774 | €2,740 | +€966 | +54.5% |
| Gross operating margin | 9900 | €107,940 | €104,650 | -€3,290 | -3.0% |
| Operating profit (loss) | 9901 | -€4,934 | -€12,808 | -€7,874 | -160% |
| Financial income | 75/76B | €1,944,983 | €47,827 | -€1.9m | -97.5% |
| Recurring financial income | 75 | €166,555 | €14,227 | -€152,328 | -91.5% |
| Non-recurring financial income | 76B | €1,778,428 | €33,600 | -€1.7m | -98.1% |
| Financial charges | 65/66B | €247,798 | €380 | -€247,418 | -99.8% |
| Recurring financial charges | 65 | €22,798 | €380 | -€22,418 | -98.3% |
| Non-recurring financial charges | 66B | €225,000 | - | -€225,000 | |
| Profit (loss) for the period before taxes | 9903 | €1,692,251 | €34,639 | -€1.7m | -98.0% |
| Income taxes | 67/77 | €32,854 | €1,099 | -€31,754 | -96.7% |
| Profit (loss) for the period | 9904 | €1,659,397 | €33,540 | -€1.6m | -98.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,659,397 | €33,540 | -€1.6m | -98.0% |
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 25 October 2026 via checked.be.