REDET Project Management: 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.
REDET Project Management
Largest movements
- Stocks and contracts +€1.0m
up €1.0m (+116%), from €869,413 to €1.9m
of which Stocks: +€1.7m
- Cash +€475,113
up €475,113 (+1,838%), from €25,854 to €500,967
mainly Debts after one year (+€1.3m) and Advances received (+€267,920)
- Receivables within one year +€66,643
up €66,643 (+112%), from €59,368 to €126,011
of which Trade receivables: +€53,785
- Deferred charges and accrued income +€43,960
up €43,960 (+26,818%), from €164 to €44,124
- Debts after one year +€1.3m
up €1.3m (+156%), from €820,000 to €2.1m
- Profit (loss) carried forward -€527,026
down €527,026 (-53.4%), from -€986,575 to -€1.5m
- Advances received +€267,920
new in 2025: €267,920
- Short-term financial debts +€248,892
new in 2025: €248,892
- Accrued charges and deferred income +€157,814
up €157,814 (+19.2%), from €823,687 to €981,501
- Financial charges +€101,301
up €101,301 (+174%), from €58,324 to €159,625
- Gross operating margin +€78,717
up €78,717 (+17.7%), from -€445,840 to -€367,123
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 | €954,799 | €2,548,700 | +€1.6m | +167% |
| Current assets | 29/58 | €954,799 | €2,548,700 | +€1.6m | +167% |
| Stocks and contracts in progress | 3 | €869,413 | €1,877,598 | +€1.0m | +116% |
| Stocks | 30/36 | - | €1,664,171 | +€1.7m | |
| Contracts in progress | 37 | €869,413 | €213,426 | -€655,987 | -75.5% |
| Amounts receivable within one year | 40/41 | €59,368 | €126,011 | +€66,643 | +112% |
| Trade receivables | 40 | €30,017 | €83,802 | +€53,785 | +179% |
| Other amounts receivable | 41 | €29,351 | €42,209 | +€12,858 | +43.8% |
| Cash at bank and in hand | 54/58 | €25,854 | €500,967 | +€475,113 | +1,838% |
| Deferred charges and accrued income | 490/1 | €164 | €44,124 | +€43,960 | +26,818% |
| Total equity and liabilities | 10/49 | €954,799 | €2,548,700 | +€1.6m | +167% |
| Equity | 10/15 | -€736,575 | -€1,263,601 | -€527,026 | -71.6% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€986,575 | -€1,513,601 | -€527,026 | -53.4% |
| Amounts payable | 17/49 | €1,691,374 | €3,812,301 | +€2.1m | +125% |
| Amounts payable after more than one year | 17 | €820,000 | €2,100,000 | +€1.3m | +156% |
| Financial debts | 170/4 | €820,000 | €2,100,000 | +€1.3m | +156% |
| Amounts payable within one year | 42/48 | €47,687 | €730,800 | +€683,113 | +1,432% |
| Financial debts | 43 | - | €248,892 | +€248,892 | |
| Credit institutions | 430/8 | - | €248,892 | +€248,892 | |
| Trade debts | 44 | €44,752 | €119,622 | +€74,869 | +167% |
| Suppliers | 440/4 | €44,752 | €119,622 | +€74,869 | +167% |
| Advances received on contracts in progress | 46 | - | €267,920 | +€267,920 | |
| Other amounts payable | 47/48 | €2,934 | €94,366 | +€91,431 | +3,116% |
| Accrued charges and deferred income | 492/3 | €823,687 | €981,501 | +€157,814 | +19.2% |
| Other operating charges | 640/8 | €1,773 | €1,673 | -€100 | -5.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€445,840 | -€367,123 | +€78,717 | +17.7% |
| Operating profit (loss) | 9901 | -€447,613 | -€368,796 | +€78,817 | +17.6% |
| Financial income | 75/76B | €994 | €1,395 | +€401 | +40.3% |
| Recurring financial income | 75 | €994 | €0 | -€994 | -100.0% |
| Non-recurring financial income | 76B | - | €1,395 | +€1,395 | |
| Financial charges | 65/66B | €58,324 | €159,625 | +€101,301 | +174% |
| Recurring financial charges | 65 | €58,324 | €159,625 | +€101,301 | +174% |
| Profit (loss) for the period before taxes | 9903 | -€504,943 | -€527,026 | -€22,083 | -4.4% |
| Profit (loss) for the period | 9904 | -€504,943 | -€527,026 | -€22,083 | -4.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€504,943 | -€527,026 | -€22,083 | -4.4% |
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 15 October 2026 via checked.be.