REDFOREST: 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.
REDFOREST
Largest movements
- Receivables within one year +€11,312
up €11,312 (+28.6%), from €39,566 to €50,878
of which Other amounts receivable: +€31,364
- Tangible fixed assets +€10,630
up €10,630 (+820%), from €1,296 to €11,926
of which Furniture and vehicles: +€5,533
- Deferred charges and accrued income +€2,455
up €2,455 (+600%), from €409 to €2,864
- Profit (loss) carried forward +€33,375
up €33,375, from -€11,236 to €22,140
- Trade debts -€15,992
down €15,992 (-42.8%), from €37,400 to €21,407
- Tax, wage and social debts +€7,657
up €7,657 (+76.7%), from €9,984 to €17,641
of which Taxes: +€7,657
- Gross operating margin +€46,678
up €46,678 (+797%), from €5,855 to €52,533
- Taxes +€9,862
up €9,862 (+6,853%), from €144 to €10,006
- Other operating charges +€1,089
up €1,089 (+63.9%), from €1,703 to €2,793
- Financial income +€740
up €740 (+10,794%), from €7 to €747
of which Financial income: +€740
- Depreciation +€738
up €738 (+41.1%), from €1,798 to €2,537
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 | €44,208 | €69,248 | +€25,040 | +56.6% |
| Fixed assets | 21/28 | €1,441 | €12,071 | +€10,630 | +738% |
| Tangible fixed assets | 22/27 | €1,296 | €11,926 | +€10,630 | +820% |
| Plant, machinery and equipment | 23 | €993 | €6,090 | +€5,096 | +513% |
| Furniture and vehicles | 24 | €303 | €5,836 | +€5,533 | +1,828% |
| Financial fixed assets | 28 | €145 | €145 | = | 0.0% |
| Current assets | 29/58 | €42,767 | €57,177 | +€14,410 | +33.7% |
| Amounts receivable within one year | 40/41 | €39,566 | €50,878 | +€11,312 | +28.6% |
| Trade receivables | 40 | €35,814 | €15,761 | -€20,053 | -56.0% |
| Other amounts receivable | 41 | €3,752 | €35,117 | +€31,364 | +836% |
| Cash at bank and in hand | 54/58 | €2,791 | €3,435 | +€644 | +23.1% |
| Deferred charges and accrued income | 490/1 | €409 | €2,864 | +€2,455 | +600% |
| Total equity and liabilities | 10/49 | €44,208 | €69,248 | +€25,040 | +56.6% |
| Equity | 10/15 | -€3,176 | €30,200 | +€33,375 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,236 | €22,140 | +€33,375 | |
| Amounts payable | 17/49 | €47,384 | €39,048 | -€8,335 | -17.6% |
| Amounts payable within one year | 42/48 | €47,384 | €39,048 | -€8,335 | -17.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | -€0 | |
| Trade debts | 44 | €37,400 | €21,407 | -€15,992 | -42.8% |
| Suppliers | 440/4 | €37,400 | €21,407 | -€15,992 | -42.8% |
| Taxes, remuneration and social security | 45 | €9,984 | €17,641 | +€7,657 | +76.7% |
| Taxes | 450/3 | €9,984 | €17,641 | +€7,657 | +76.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €173 | €0 | -€173 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,798 | €2,537 | +€738 | +41.1% |
| Other operating charges | 640/8 | €1,703 | €2,793 | +€1,089 | +63.9% |
| Gross operating margin | 9900 | €5,855 | €52,533 | +€46,678 | +797% |
| Operating profit (loss) | 9901 | €2,181 | €47,204 | +€45,023 | +2,064% |
| Financial income | 75/76B | €7 | €747 | +€740 | +10,794% |
| Recurring financial income | 75 | €7 | €747 | +€740 | +10,794% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €4,425 | €4,570 | +€145 | +3.3% |
| Recurring financial charges | 65 | €4,425 | €4,570 | +€145 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,238 | €43,381 | +€45,619 | |
| Income taxes | 67/77 | €144 | €10,006 | +€9,862 | +6,853% |
| Profit (loss) for the period | 9904 | -€2,381 | €33,375 | +€35,757 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,381 | €33,375 | +€35,757 |
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 13 October 2026 via checked.be.