REDEV: 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.
REDEV
Largest movements
- Stocks and contracts +€515,287
up €515,287 (+67.8%), from €759,892 to €1.3m
- Other debts +€620,530
up €620,530 (+75.8%), from €818,816 to €1.4m
- Profit (loss) carried forward -€81,763
down €81,763 (-99.8%), from -€81,917 to -€163,680
- Trade debts -€22,606
down €22,606 (-97.1%), from €23,281 to €674
- Financial charges +€40,114
up €40,114 (+17908.0%), from €224 to €40,338
- Gross operating margin +€3,887
up €3,887 (+8.8%), from -€43,935 to -€40,048
- Other operating charges -€573
down €573 (-59.7%), from €960 to €387
- Depreciation -€528
down €528 (-34.8%), from €1,517 to €989
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 | €769,537 | €1,285,856 | +€516,319 | +67.1% |
| Fixed assets | 21/28 | €2,506 | €1,517 | -€989 | -39.5% |
| Intangible fixed assets | 21 | €2,506 | €1,517 | -€989 | -39.5% |
| Current assets | 29/58 | €767,031 | €1,284,339 | +€517,308 | +67.4% |
| Stocks and contracts in progress | 3 | €759,892 | €1,275,179 | +€515,287 | +67.8% |
| Stocks | 30/36 | €759,892 | €1,275,179 | +€515,287 | +67.8% |
| Amounts receivable within one year | 40/41 | €5,437 | €7,709 | +€2,273 | +41.8% |
| Trade receivables | 40 | €2,924 | €2,924 | = | 0.0% |
| Other amounts receivable | 41 | €2,513 | €4,785 | +€2,273 | +90.4% |
| Cash at bank and in hand | 54/58 | €1,703 | €924 | -€778 | -45.7% |
| Deferred charges and accrued income | 490/1 | - | €527 | +€527 | |
| Total equity and liabilities | 10/49 | €769,537 | €1,285,856 | +€516,319 | +67.1% |
| Equity | 10/15 | -€73,857 | -€155,620 | -€81,763 | -110.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€81,917 | -€163,680 | -€81,763 | -99.8% |
| Amounts payable | 17/49 | €843,394 | €1,441,476 | +€598,081 | +70.9% |
| Amounts payable within one year | 42/48 | €843,394 | €1,441,476 | +€598,081 | +70.9% |
| Trade debts | 44 | €23,281 | €674 | -€22,606 | -97.1% |
| Suppliers | 440/4 | €23,281 | €674 | -€22,606 | -97.1% |
| Taxes, remuneration and social security | 45 | €1,298 | €1,456 | +€158 | +12.2% |
| Taxes | 450/3 | €1,298 | €1,456 | +€158 | +12.2% |
| Other amounts payable | 47/48 | €818,816 | €1,439,346 | +€620,530 | +75.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,517 | €989 | -€528 | -34.8% |
| Other operating charges | 640/8 | €960 | €387 | -€573 | -59.7% |
| Gross operating margin | 9900 | -€43,935 | -€40,048 | +€3,887 | +8.8% |
| Operating profit (loss) | 9901 | -€46,412 | -€41,425 | +€4,988 | +10.7% |
| Financial income | 75/76B | €1 | €0 | -€1 | -93.3% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -93.3% |
| Financial charges | 65/66B | €224 | €40,338 | +€40,114 | +17908.0% |
| Recurring financial charges | 65 | €224 | €40,338 | +€40,114 | +17908.0% |
| Profit (loss) for the period before taxes | 9903 | -€46,636 | -€81,763 | -€35,127 | -75.3% |
| Profit (loss) for the period | 9904 | -€46,636 | -€81,763 | -€35,127 | -75.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,636 | -€81,763 | -€35,127 | -75.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.