REDFIN: 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.
REDFIN
Largest movements
- Current investments -€148,684
down €148,684 (-52.8%), from €281,684 to €133,000
- Tangible fixed assets +€33,916
up €33,916 (+17.3%), from €195,916 to €229,832
of which Land and buildings: +€35,667
- Other debts -€114,060
down €114,060 (-98.6%), from €115,734 to €1,674
- Reserves +€24,366
up €24,366 (+16.2%), from €150,240 to €174,606
of which Distributable reserves: +€24,366
- Accrued charges and deferred income -€15,305
down €15,305 (-86.5%), from €17,693 to €2,388
- Gross operating margin -€14,527
down €14,527 (-20.4%), from €71,222 to €56,695
- Taxes -€5,959
down €5,959 (-31.7%), from €18,814 to €12,855
- Financial income -€4,892
down €4,892 (-83.7%), from €5,842 to €950
- Financial charges -€2,715
down €2,715 (-51.9%), from €5,232 to €2,517
- Depreciation +€1,822
up €1,822 (+12.9%), from €14,139 to €15,960
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 | €484,695 | €377,691 | -€107,004 | -22.1% |
| Fixed assets | 21/28 | €195,916 | €229,832 | +€33,916 | +17.3% |
| Tangible fixed assets | 22/27 | €195,916 | €229,832 | +€33,916 | +17.3% |
| Land and buildings | 22 | €191,519 | €227,186 | +€35,667 | +18.6% |
| Plant, machinery and equipment | 23 | €1,877 | €156 | -€1,721 | -91.7% |
| Furniture and vehicles | 24 | €2,520 | €2,490 | -€30 | -1.2% |
| Current assets | 29/58 | €288,780 | €147,860 | -€140,920 | -48.8% |
| Amounts receivable within one year | 40/41 | €5,097 | €6,208 | +€1,111 | +21.8% |
| Trade receivables | 40 | €5,097 | €6,208 | +€1,111 | +21.8% |
| Current investments | 50/53 | €281,684 | €133,000 | -€148,684 | -52.8% |
| Cash at bank and in hand | 54/58 | €1,999 | €6,604 | +€4,605 | +230.3% |
| Deferred charges and accrued income | 490/1 | - | €2,048 | +€2,048 | |
| Total equity and liabilities | 10/49 | €484,695 | €377,691 | -€107,004 | -22.1% |
| Equity | 10/15 | €340,547 | €364,913 | +€24,366 | +7.2% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €150,240 | €174,606 | +€24,366 | +16.2% |
| Non-distributable reserves | 130/1 | €9,340 | €9,340 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,340 | €9,340 | = | 0.0% |
| Distributable reserves | 133 | €140,900 | €165,266 | +€24,366 | +17.3% |
| Profit (loss) carried forward | 14 | €40,307 | €40,307 | = | 0.0% |
| Amounts payable | 17/49 | €144,148 | €12,778 | -€131,370 | -91.1% |
| Amounts payable within one year | 42/48 | €126,455 | €10,390 | -€116,065 | -91.8% |
| Trade debts | 44 | €1,749 | €1,418 | -€330 | -18.9% |
| Suppliers | 440/4 | €1,749 | €1,418 | -€330 | -18.9% |
| Taxes, remuneration and social security | 45 | €8,972 | €7,298 | -€1,674 | -18.7% |
| Taxes | 450/3 | €8,972 | €7,298 | -€1,674 | -18.7% |
| Other amounts payable | 47/48 | €115,734 | €1,674 | -€114,060 | -98.6% |
| Accrued charges and deferred income | 492/3 | €17,693 | €2,388 | -€15,305 | -86.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,139 | €15,960 | +€1,822 | +12.9% |
| Other operating charges | 640/8 | €2,006 | €1,947 | -€59 | -3.0% |
| Gross operating margin | 9900 | €71,222 | €56,695 | -€14,527 | -20.4% |
| Operating profit (loss) | 9901 | €55,077 | €38,788 | -€16,289 | -29.6% |
| Financial income | 75/76B | €5,842 | €950 | -€4,892 | -83.7% |
| Recurring financial income | 75 | €5,842 | €950 | -€4,892 | -83.7% |
| Financial charges | 65/66B | €5,232 | €2,517 | -€2,715 | -51.9% |
| Recurring financial charges | 65 | €5,232 | €2,517 | -€2,715 | -51.9% |
| Profit (loss) for the period before taxes | 9903 | €55,687 | €37,221 | -€18,467 | -33.2% |
| Income taxes | 67/77 | €18,814 | €12,855 | -€5,959 | -31.7% |
| Profit (loss) for the period | 9904 | €36,873 | €24,366 | -€12,507 | -33.9% |
| Profit (loss) for the period to be appropriated | 9905 | €36,873 | €24,366 | -€12,507 | -33.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.