REDENS: 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.
REDENS
Largest movements
- Receivables within one year +€49,173
up €49,173 (+139.4%), from €35,276 to €84,449
of which Other amounts receivable: +€48,701
- Tangible fixed assets +€22,354
up €22,354 (+1406.7%), from €1,589 to €23,943
of which Furniture and vehicles: +€22,428
- Cash -€13,264
down €13,264 (-92.9%), from €14,285 to €1,021
mainly Receivables within one year (-€49,173) and Investment in fixed assets (net) (-€23,221)
- Deferred charges and accrued income +€3,389
up €3,389 (+15027.9%), from €23 to €3,411
- Reserves +€45,886
up €45,886 (+95.9%), from €47,844 to €93,730
- Tax, wage and social debts +€10,225
up €10,225 (+1076.3%), from €950 to €11,175
- Trade debts +€5,541
up €5,541 (+1462.4%), from €379 to €5,920
- Gross operating margin +€10,022
up €10,022 (+20.4%), from €49,043 to €59,066
- Financial income +€2,650
up €2,650 (+358.3%), from €740 to €3,390
- Taxes +€2,046
up €2,046 (+16.5%), from €12,432 to €14,478
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 | €51,173 | €112,824 | +€61,652 | +120.5% |
| Fixed assets | 21/28 | €1,589 | €23,943 | +€22,354 | +1406.7% |
| Tangible fixed assets | 22/27 | €1,589 | €23,943 | +€22,354 | +1406.7% |
| Plant, machinery and equipment | 23 | €310 | €236 | -€74 | -23.9% |
| Furniture and vehicles | 24 | €1,279 | €23,707 | +€22,428 | +1754.1% |
| Current assets | 29/58 | €49,584 | €88,881 | +€39,298 | +79.3% |
| Amounts receivable within one year | 40/41 | €35,276 | €84,449 | +€49,173 | +139.4% |
| Trade receivables | 40 | €8,801 | €9,273 | +€472 | +5.4% |
| Other amounts receivable | 41 | €26,476 | €75,176 | +€48,701 | +183.9% |
| Cash at bank and in hand | 54/58 | €14,285 | €1,021 | -€13,264 | -92.9% |
| Deferred charges and accrued income | 490/1 | €23 | €3,411 | +€3,389 | +15027.9% |
| Total equity and liabilities | 10/49 | €51,173 | €112,824 | +€61,652 | +120.5% |
| Equity | 10/15 | €49,844 | €95,730 | +€45,886 | +92.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €47,844 | €93,730 | +€45,886 | +95.9% |
| Distributable reserves | 133 | €47,844 | €93,730 | +€45,886 | +95.9% |
| Amounts payable | 17/49 | €1,329 | €17,095 | +€15,766 | +1186.4% |
| Amounts payable within one year | 42/48 | €1,329 | €17,095 | +€15,766 | +1186.4% |
| Trade debts | 44 | €379 | €5,920 | +€5,541 | +1462.4% |
| Suppliers | 440/4 | €379 | €5,920 | +€5,541 | +1462.4% |
| Taxes, remuneration and social security | 45 | €950 | €11,175 | +€10,225 | +1076.3% |
| Taxes | 450/3 | €950 | €11,175 | +€10,225 | +1076.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,002 | €867 | -€135 | -13.5% |
| Other operating charges | 640/8 | €613 | €846 | +€233 | +38.0% |
| Gross operating margin | 9900 | €49,043 | €59,066 | +€10,022 | +20.4% |
| Operating profit (loss) | 9901 | €47,428 | €57,352 | +€9,924 | +20.9% |
| Financial income | 75/76B | €740 | €3,390 | +€2,650 | +358.3% |
| Recurring financial income | 75 | €740 | €3,390 | +€2,650 | +358.3% |
| Financial charges | 65/66B | €290 | €378 | +€88 | +30.2% |
| Recurring financial charges | 65 | €290 | €378 | +€88 | +30.2% |
| Profit (loss) for the period before taxes | 9903 | €47,878 | €60,364 | +€12,486 | +26.1% |
| Income taxes | 67/77 | €12,432 | €14,478 | +€2,046 | +16.5% |
| Profit (loss) for the period | 9904 | €35,446 | €45,886 | +€10,440 | +29.5% |
| Profit (loss) for the period to be appropriated | 9905 | €35,446 | €45,886 | +€10,440 | +29.5% |
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 5 October 2026 via checked.be.