REDECOM: 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.
REDECOM
Largest movements
- Receivables within one year +€62,683
up €62,683, from €0 to €62,683
of which Other amounts receivable: +€52,285
- Cash -€24,803
down €24,803 (-23.2%), from €106,756 to €81,952
mainly Receivables within one year (-€62,683) and Debts after one year (-€50,034)
- Tangible fixed assets -€19,570
down €19,570 (-1.4%), from €1.4m to €1.4m
- Debts after one year -€50,034
down €50,034 (-3.7%), from €1.3m to €1.3m
- Profit (loss) carried forward +€47,262
up €47,262 (+58.2%), from €81,194 to €128,456
- Gross operating margin +€18,002
up €18,002 (+14.9%), from €120,474 to €138,476
- Taxes +€5,829
up €5,829 (+55.1%), from €10,586 to €16,415
- Financial charges -€2,262
down €2,262 (-4.4%), from €51,098 to €48,836
- Financial income +€2,138
new in 2025: €2,138
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 | €1,557,347 | €1,575,773 | +€18,425 | +1.2% |
| Fixed assets | 21/28 | €1,448,235 | €1,428,665 | -€19,570 | -1.4% |
| Tangible fixed assets | 22/27 | €1,448,235 | €1,428,665 | -€19,570 | -1.4% |
| Land and buildings | 22 | €1,448,235 | €1,428,665 | -€19,570 | -1.4% |
| Current assets | 29/58 | €109,112 | €147,108 | +€37,995 | +34.8% |
| Amounts receivable within one year | 40/41 | €0 | €62,683 | +€62,683 | |
| Trade receivables | 40 | €0 | €10,398 | +€10,398 | |
| Other amounts receivable | 41 | €0 | €52,285 | +€52,285 | |
| Cash at bank and in hand | 54/58 | €106,756 | €81,952 | -€24,803 | -23.2% |
| Deferred charges and accrued income | 490/1 | €2,357 | €2,472 | +€116 | +4.9% |
| Total equity and liabilities | 10/49 | €1,557,347 | €1,575,773 | +€18,425 | +1.2% |
| Equity | 10/15 | €91,194 | €138,456 | +€47,262 | +51.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,194 | €128,456 | +€47,262 | +58.2% |
| Amounts payable | 17/49 | €1,466,153 | €1,437,316 | -€28,837 | -2.0% |
| Amounts payable after more than one year | 17 | €1,346,181 | €1,296,146 | -€50,034 | -3.7% |
| Financial debts | 170/4 | €1,346,181 | €1,296,146 | -€50,034 | -3.7% |
| Amounts payable within one year | 42/48 | €109,020 | €130,708 | +€21,689 | +19.9% |
| Current portion of amounts payable after more than one year | 42 | €48,298 | €50,034 | +€1,737 | +3.6% |
| Trade debts | 44 | €32,952 | €44,135 | +€11,182 | +33.9% |
| Suppliers | 440/4 | €32,952 | €44,135 | +€11,182 | +33.9% |
| Taxes, remuneration and social security | 45 | €27,770 | €36,540 | +€8,770 | +31.6% |
| Taxes | 450/3 | €27,770 | €36,540 | +€8,770 | +31.6% |
| Accrued charges and deferred income | 492/3 | €10,952 | €10,461 | -€491 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,570 | €19,570 | = | 0.0% |
| Other operating charges | 640/8 | €9,239 | €8,532 | -€707 | -7.7% |
| Gross operating margin | 9900 | €120,474 | €138,476 | +€18,002 | +14.9% |
| Operating profit (loss) | 9901 | €91,665 | €110,375 | +€18,710 | +20.4% |
| Financial income | 75/76B | - | €2,138 | +€2,138 | |
| Recurring financial income | 75 | - | €2,138 | +€2,138 | |
| Financial charges | 65/66B | €51,098 | €48,836 | -€2,262 | -4.4% |
| Recurring financial charges | 65 | €51,098 | €48,836 | -€2,262 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €40,567 | €63,677 | +€23,109 | +57.0% |
| Income taxes | 67/77 | €10,586 | €16,415 | +€5,829 | +55.1% |
| Profit (loss) for the period | 9904 | €29,982 | €47,262 | +€17,280 | +57.6% |
| Profit (loss) for the period to be appropriated | 9905 | €29,982 | €47,262 | +€17,280 | +57.6% |
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 3 October 2026 via checked.be.