REDFLAG EVENTS: 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.
REDFLAG EVENTS
Largest movements
- Receivables within one year +€19,495
up €19,495 (+353.9%), from €5,508 to €25,003
of which Trade receivables: +€19,047
- Intangible fixed assets +€9,207
up €9,207 (+3276.5%), from €281 to €9,488
- Profit (loss) carried forward +€16,100
up €16,100 (+39.6%), from -€40,616 to -€24,516
- Other debts +€9,637
up €9,637 (+23.6%), from €40,908 to €50,545
- Trade debts +€7,534
up €7,534 (+274.5%), from €2,745 to €10,279
- Short-term financial debts -€4,138
no longer reported in 2025 (was €4,138)
- Gross operating margin +€28,677
up €28,677, from -€9,965 to €18,712
- Depreciation +€916
up €916 (+1189.6%), from €77 to €993
- Financial charges -€447
down €447 (-35.6%), from €1,255 to €808
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 | €27,175 | €56,308 | +€29,133 | +107.2% |
| Fixed assets | 21/28 | €281 | €9,488 | +€9,207 | +3276.5% |
| Intangible fixed assets | 21 | €281 | €9,488 | +€9,207 | +3276.5% |
| Current assets | 29/58 | €26,894 | €46,820 | +€19,926 | +74.1% |
| Amounts receivable within one year | 40/41 | €5,508 | €25,003 | +€19,495 | +353.9% |
| Trade receivables | 40 | €4,240 | €23,287 | +€19,047 | +449.2% |
| Other amounts receivable | 41 | €1,268 | €1,716 | +€448 | +35.3% |
| Cash at bank and in hand | 54/58 | €21,386 | €21,817 | +€431 | +2.0% |
| Total equity and liabilities | 10/49 | €27,175 | €56,308 | +€29,133 | +107.2% |
| Equity | 10/15 | -€20,616 | -€4,516 | +€16,100 | +78.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,616 | -€24,516 | +€16,100 | +39.6% |
| Amounts payable | 17/49 | €47,791 | €60,824 | +€13,033 | +27.3% |
| Amounts payable within one year | 42/48 | €47,791 | €60,824 | +€13,033 | +27.3% |
| Financial debts | 43 | €4,138 | - | -€4,138 | |
| Credit institutions | 430/8 | €4,138 | - | -€4,138 | |
| Trade debts | 44 | €2,745 | €10,279 | +€7,534 | +274.5% |
| Suppliers | 440/4 | €2,745 | €10,279 | +€7,534 | +274.5% |
| Other amounts payable | 47/48 | €40,908 | €50,545 | +€9,637 | +23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77 | €993 | +€916 | +1189.6% |
| Other operating charges | 640/8 | €636 | €811 | +€175 | +27.5% |
| Gross operating margin | 9900 | -€9,965 | €18,712 | +€28,677 | |
| Operating profit (loss) | 9901 | -€10,678 | €16,908 | +€27,586 | |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €1,255 | €808 | -€447 | -35.6% |
| Recurring financial charges | 65 | €1,255 | €808 | -€447 | -35.6% |
| Profit (loss) for the period before taxes | 9903 | -€11,925 | €16,100 | +€28,025 | |
| Profit (loss) for the period | 9904 | -€11,925 | €16,100 | +€28,025 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,925 | €16,100 | +€28,025 |
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 9 October 2026 via checked.be.