REDECO: 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.
REDECO
Largest movements
- Tangible fixed assets +€40,606
up €40,606 (+3.7%), from €1.1m to €1.1m
of which Land and buildings: +€38,375
- Other debts +€109,372
up €109,372 (+40.4%), from €270,696 to €380,068
- Debts after one year -€48,167
down €48,167 (-7.7%), from €623,871 to €575,704
- Profit (loss) carried forward -€12,169
down €12,169 (-4.3%), from -€283,187 to -€295,356
- Gross operating margin -€3,529
down €3,529 (-7.9%), from €44,904 to €41,374
- Financial charges +€1,611
up €1,611 (+7.7%), from €21,022 to €22,632
- Depreciation +€1,036
up €1,036 (+4.3%), from €24,197 to €25,233
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 | €1,107,386 | €1,152,074 | +€44,687 | +4.0% |
| Fixed assets | 21/28 | €1,101,623 | €1,142,228 | +€40,606 | +3.7% |
| Tangible fixed assets | 22/27 | €1,101,623 | €1,142,228 | +€40,606 | +3.7% |
| Land and buildings | 22 | €1,088,608 | €1,126,983 | +€38,375 | +3.5% |
| Plant, machinery and equipment | 23 | €13,015 | €14,663 | +€1,648 | +12.7% |
| Furniture and vehicles | 24 | - | €583 | +€583 | |
| Current assets | 29/58 | €5,764 | €9,845 | +€4,082 | +70.8% |
| Cash at bank and in hand | 54/58 | €5,764 | €5,595 | -€168 | -2.9% |
| Deferred charges and accrued income | 490/1 | - | €4,250 | +€4,250 | |
| Total equity and liabilities | 10/49 | €1,107,386 | €1,152,074 | +€44,687 | +4.0% |
| Equity | 10/15 | €154,408 | €142,239 | -€12,169 | -7.9% |
| Contributions | 10/11 | €434,496 | €434,496 | = | 0.0% |
| Capital | 10 | €434,000 | €434,000 | = | 0.0% |
| Issued capital | 100 | €434,000 | €434,000 | = | 0.0% |
| Outside capital | 11 | €496 | €496 | = | 0.0% |
| Share premium | 1100/10 | €496 | €496 | = | 0.0% |
| Reserves | 13 | €3,099 | €3,099 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€283,187 | -€295,356 | -€12,169 | -4.3% |
| Amounts payable | 17/49 | €952,979 | €1,009,835 | +€56,856 | +6.0% |
| Amounts payable after more than one year | 17 | €623,871 | €575,704 | -€48,167 | -7.7% |
| Financial debts | 170/4 | €623,871 | €575,704 | -€48,167 | -7.7% |
| Amounts payable within one year | 42/48 | €321,301 | €429,167 | +€107,866 | +33.6% |
| Current portion of amounts payable after more than one year | 42 | €47,451 | €48,167 | +€716 | +1.5% |
| Trade debts | 44 | €3,154 | €932 | -€2,222 | -70.4% |
| Suppliers | 440/4 | €3,154 | €932 | -€2,222 | -70.4% |
| Other amounts payable | 47/48 | €270,696 | €380,068 | +€109,372 | +40.4% |
| Accrued charges and deferred income | 492/3 | €7,807 | €4,964 | -€2,842 | -36.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,197 | €25,233 | +€1,036 | +4.3% |
| Other operating charges | 640/8 | €5,654 | €5,678 | +€24 | +0.4% |
| Gross operating margin | 9900 | €44,904 | €41,374 | -€3,529 | -7.9% |
| Operating profit (loss) | 9901 | €15,053 | €10,463 | -€4,589 | -30.5% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €21,022 | €22,632 | +€1,611 | +7.7% |
| Recurring financial charges | 65 | €21,022 | €22,632 | +€1,611 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | -€5,969 | -€12,169 | -€6,200 | -103.9% |
| Profit (loss) for the period | 9904 | -€5,969 | -€12,169 | -€6,200 | -103.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,969 | -€12,169 | -€6,200 | -103.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.