REDFINANCE: 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.
REDFINANCE
Largest movements
- Receivables within one year +€6,350
up €6,350 (+21.4%), from €29,645 to €35,995
- Tangible fixed assets -€1,401
down €1,401 (-55.8%), from €2,511 to €1,110
- Cash +€424
up €424 (+72.2%), from €587 to €1,012
mainly Net result for the year (+€5,571) and Depreciation (+€1,401)
- Profit (loss) carried forward +€5,571
up €5,571, from -€3,668 to €1,903
- Other debts -€589
down €589 (-15.8%), from €3,729 to €3,140
- Depreciation -€5,081
down €5,081 (-78.4%), from €6,482 to €1,401
- Gross operating margin +€3,671
up €3,671 (+91.1%), from €4,032 to €7,703
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 | €32,744 | €38,118 | +€5,374 | +16.4% |
| Fixed assets | 21/28 | €2,511 | €1,110 | -€1,401 | -55.8% |
| Tangible fixed assets | 22/27 | €2,511 | €1,110 | -€1,401 | -55.8% |
| Furniture and vehicles | 24 | €2,511 | €1,110 | -€1,401 | -55.8% |
| Current assets | 29/58 | €30,233 | €37,007 | +€6,774 | +22.4% |
| Amounts receivable within one year | 40/41 | €29,645 | €35,995 | +€6,350 | +21.4% |
| Other amounts receivable | 41 | €29,645 | €35,995 | +€6,350 | +21.4% |
| Cash at bank and in hand | 54/58 | €587 | €1,012 | +€424 | +72.2% |
| Total equity and liabilities | 10/49 | €32,744 | €38,118 | +€5,374 | +16.4% |
| Equity | 10/15 | €28,732 | €34,303 | +€5,571 | +19.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,668 | €1,903 | +€5,571 | |
| Amounts payable | 17/49 | €4,012 | €3,815 | -€198 | -4.9% |
| Amounts payable within one year | 42/48 | €4,012 | €3,565 | -€448 | -11.2% |
| Trade debts | 44 | €283 | €424 | +€141 | +50.0% |
| Suppliers | 440/4 | €283 | €424 | +€141 | +50.0% |
| Other amounts payable | 47/48 | €3,729 | €3,140 | -€589 | -15.8% |
| Accrued charges and deferred income | 492/3 | - | €250 | +€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,482 | €1,401 | -€5,081 | -78.4% |
| Other operating charges | 640/8 | €507 | €549 | +€43 | +8.4% |
| Gross operating margin | 9900 | €4,032 | €7,703 | +€3,671 | +91.1% |
| Operating profit (loss) | 9901 | -€2,957 | €5,753 | +€8,710 | |
| Financial charges | 65/66B | €178 | €182 | +€4 | +2.4% |
| Recurring financial charges | 65 | €178 | €182 | +€4 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,134 | €5,571 | +€8,705 | |
| Profit (loss) for the period | 9904 | -€3,134 | €5,571 | +€8,705 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,134 | €5,571 | +€8,705 |
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 3 October 2026 via checked.be.