RedElec: 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.
RedElec
Largest movements
- Receivables within one year +€29,788
up €29,788 (+172.4%), from €17,276 to €47,064
of which Trade receivables: +€30,410
- Cash +€4,205
up €4,205 (+115.9%), from €3,627 to €7,832
mainly Trade debts (+€69,867) and Depreciation (+€7,270)
- Stocks and contracts -€1,938
down €1,938 (-18.1%), from €10,715 to €8,777
of which Stocks: -€1,938
- Tangible fixed assets +€1,584
up €1,584 (+6.0%), from €26,316 to €27,901
of which Plant, machinery and equipment: +€4,187
- Trade debts +€69,867
up €69,867 (+334.0%), from €20,917 to €90,784
- Profit (loss) carried forward -€29,867
down €29,867 (-264.7%), from -€11,283 to -€41,149
- Other debts -€6,366
down €6,366 (-43.7%), from €14,554 to €8,188
- Debts after one year -€5,049
down €5,049 (-36.6%), from €13,781 to €8,733
- Tax, wage and social debts +€4,735
up €4,735 (+153.7%), from €3,081 to €7,817
of which Taxes: +€4,355
- Gross operating margin -€21,873
down €21,873, from €15,336 to -€6,537
- Staff costs +€4,399
up €4,399 (+64.1%), from €6,867 to €11,266
- Depreciation +€3,095
up €3,095 (+74.1%), from €4,175 to €7,270
- Financial charges +€1,602
up €1,602 (+87.2%), from €1,837 to €3,439
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €58,604 | €92,871 | +€34,266 | +58.5% |
| Fixed assets | 21/28 | €26,403 | €28,081 | +€1,678 | +6.4% |
| Tangible fixed assets | 22/27 | €26,316 | €27,901 | +€1,584 | +6.0% |
| Plant, machinery and equipment | 23 | €3,420 | €7,606 | +€4,187 | +122.4% |
| Furniture and vehicles | 24 | €597 | €1,472 | +€875 | +146.6% |
| Leasing and similar rights | 25 | €21,984 | €18,559 | -€3,425 | -15.6% |
| Other tangible fixed assets | 26 | €316 | €263 | -€53 | -16.7% |
| Financial fixed assets | 28 | €87 | €180 | +€93 | +107.8% |
| Current assets | 29/58 | €32,201 | €64,790 | +€32,589 | +101.2% |
| Stocks and contracts in progress | 3 | €10,715 | €8,777 | -€1,938 | -18.1% |
| Stocks | 30/36 | €4,264 | €2,326 | -€1,938 | -45.5% |
| Contracts in progress | 37 | €6,451 | €6,451 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €17,276 | €47,064 | +€29,788 | +172.4% |
| Trade receivables | 40 | €12,851 | €43,261 | +€30,410 | +236.6% |
| Other amounts receivable | 41 | €4,425 | €3,803 | -€621 | -14.0% |
| Cash at bank and in hand | 54/58 | €3,627 | €7,832 | +€4,205 | +115.9% |
| Deferred charges and accrued income | 490/1 | €583 | €1,117 | +€533 | +91.5% |
| Total equity and liabilities | 10/49 | €58,604 | €92,871 | +€34,266 | +58.5% |
| Equity | 10/15 | €1,417 | -€27,699 | -€29,117 | |
| Contributions | 10/11 | €12,700 | €13,450 | +€750 | +5.9% |
| Profit (loss) carried forward | 14 | -€11,283 | -€41,149 | -€29,867 | -264.7% |
| Amounts payable | 17/49 | €57,187 | €120,570 | +€63,383 | +110.8% |
| Amounts payable after more than one year | 17 | €13,781 | €8,733 | -€5,049 | -36.6% |
| Financial debts | 170/4 | €13,781 | €8,733 | -€5,049 | -36.6% |
| Amounts payable within one year | 42/48 | €43,406 | €111,837 | +€68,432 | +157.7% |
| Current portion of amounts payable after more than one year | 42 | €4,853 | €5,049 | +€195 | +4.0% |
| Trade debts | 44 | €20,917 | €90,784 | +€69,867 | +334.0% |
| Suppliers | 440/4 | €20,917 | €90,784 | +€69,867 | +334.0% |
| Taxes, remuneration and social security | 45 | €3,081 | €7,817 | +€4,735 | +153.7% |
| Taxes | 450/3 | €326 | €4,681 | +€4,355 | +1335.5% |
| Remuneration and social security | 454/9 | €2,755 | €3,135 | +€380 | +13.8% |
| Other amounts payable | 47/48 | €14,554 | €8,188 | -€6,366 | -43.7% |
| Remuneration, social security and pensions | 62 | €6,867 | €11,266 | +€4,399 | +64.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,175 | €7,270 | +€3,095 | +74.1% |
| Other operating charges | 640/8 | €1,141 | €1,286 | +€146 | +12.8% |
| Gross operating margin | 9900 | €15,336 | -€6,537 | -€21,873 | |
| Operating profit (loss) | 9901 | €3,153 | -€26,359 | -€29,513 | |
| Financial income | 75/76B | €6 | €50 | +€44 | +760.8% |
| Recurring financial income | 75 | €6 | €50 | +€44 | +760.8% |
| Financial charges | 65/66B | €1,837 | €3,439 | +€1,602 | +87.2% |
| Recurring financial charges | 65 | €1,837 | €3,439 | +€1,602 | +87.2% |
| Profit (loss) for the period before taxes | 9903 | €1,323 | -€29,748 | -€31,071 | |
| Income taxes | 67/77 | - | €119 | +€119 | |
| Profit (loss) for the period | 9904 | €1,323 | -€29,867 | -€31,189 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,323 | -€29,867 | -€31,189 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.