Redhead Rebel: 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.
What changed
Redhead Rebel
NACE 66.220, Insurance agents and brokers
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€49,641
2024 · -€14,218+€63,859
Equity
€114,745
2024 · €64,103+€50,641
Cash
€109,590
2024 · €24,062+€85,528
Balance sheet total
€1.8m
2024 · €971,901+€804,208
Largest movements
Assets
- Intangible fixed assets +€629,628
up €629,628 (+140%), from €450,903 to €1.1m
- Receivables within one year +€101,476
up €101,476 (+177%), from €57,215 to €158,691
of which Trade receivables: +€82,874
- Cash +€85,528
up €85,528 (+355%), from €24,062 to €109,590
mainly Debts after one year (+€634,566) and Depreciation (+€139,645)
Equity and liabilities
- Debts after one year +€634,566
up €634,566 (+77.8%), from €816,102 to €1.5m
- Current portion of long-term debt +€65,851
up €65,851 (+116%), from €56,976 to €122,826
- Advances received +€54,121
new in 2025: €54,121
- Profit (loss) carried forward +€49,641
up €49,641 (+43.4%), from -€114,456 to -€64,814
Income statement
- Gross operating margin +€221,356
up €221,356 (+207%), from €106,784 to €328,140
- Depreciation +€92,162
up €92,162 (+194%), from €47,483 to €139,645
- Staff costs +€51,414
up €51,414 (+131%), from €39,182 to €90,596
- Financial income -€23,801
down €23,801 (-92.6%), from €25,714 to €1,913
- Provisions -€21,550
down €21,550 (-82.7%), from €26,050 to €4,500
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.
Result 2024
-€14,218
Gross operating margin
+€221,356
Staff costs
-€51,414
Depreciation
-€92,162
Provisions
+€21,550
Other operating charges
-€6,988
Financial income
-€23,801
Financial charges
-€6,890
Taxes
+€2,209
Result 2025
€49,641
raises the resultlowers the result
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.
From operations
+€143,808
Investment
-€755,169
Financing
+€696,889
Cash 2024
€24,062
From operations (derived)
+€143,808
Net result for the year
+€49,641
Depreciation
+€139,645
Receivables within one year
-€101,476
Deferred charges and accrued income
-€1,679
Trade debts
-€6,433
Tax, wage and social debts
+€10,363
Advances received
+€54,121
Other debts
-€4,500
Accrued charges and deferred income
+€4,125
Investment (derived)
-€755,169
Investment in fixed assets (net)
-€757,420
Current investments
+€2,252
Financing
+€696,889
Debts after one year
+€634,566
Current portion of long-term debt
+€65,851
Short-term financial debts
-€4,527
Contributions, distributions and other
+€1,000
Cash 2025
€109,590
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €971,901 | €1,776,108 | +€804,208 | +82.7% |
| Fixed assets | 21/28 | €858,661 | €1,476,436 | +€617,775 | +71.9% |
| Intangible fixed assets | 21 | €450,903 | €1,080,531 | +€629,628 | +140% |
| Tangible fixed assets | 22/27 | €407,514 | €395,905 | -€11,608 | -2.8% |
| Land and buildings | 22 | €380,227 | €369,363 | -€10,864 | -2.9% |
| Plant, machinery and equipment | 23 | €8,596 | €9,357 | +€761 | +8.9% |
| Furniture and vehicles | 24 | €4,107 | €4,256 | +€149 | +3.6% |
| Other tangible fixed assets | 26 | €14,583 | €12,928 | -€1,655 | -11.3% |
| Financial fixed assets | 28 | €244 | €0 | -€244 | -100% |
| Current assets | 29/58 | €113,240 | €299,672 | +€186,432 | +165% |
| Amounts receivable after more than one year | 29 | €25,000 | €25,000 | = | 0.0% |
| Other amounts receivable | 291 | €25,000 | €25,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €57,215 | €158,691 | +€101,476 | +177% |
| Trade receivables | 40 | €40,000 | €122,874 | +€82,874 | +207% |
| Other amounts receivable | 41 | €17,215 | €35,818 | +€18,603 | +108% |
| Current investments | 50/53 | €2,252 | €0 | -€2,252 | -100% |
| Cash at bank and in hand | 54/58 | €24,062 | €109,590 | +€85,528 | +355% |
| Deferred charges and accrued income | 490/1 | €4,711 | €6,390 | +€1,679 | +35.6% |
| Total equity and liabilities | 10/49 | €971,901 | €1,776,108 | +€804,208 | +82.7% |
| Equity | 10/15 | €64,103 | €114,745 | +€50,641 | +79.0% |
| Contributions | 10/11 | €1,000 | €2,000 | +€1,000 | +100% |
| Revaluation surpluses | 12 | €177,559 | €172,178 | -€5,381 | -3.0% |
| Reserves | 13 | - | €5,381 | +€5,381 | |
| Distributable reserves | 133 | - | €5,381 | +€5,381 | |
| Profit (loss) carried forward | 14 | -€114,456 | -€64,814 | +€49,641 | +43.4% |
| Amounts payable | 17/49 | €907,797 | €1,661,363 | +€753,566 | +83.0% |
| Amounts payable after more than one year | 17 | €816,102 | €1,450,667 | +€634,566 | +77.8% |
| Financial debts | 170/4 | €816,102 | €1,450,667 | +€634,566 | +77.8% |
| Amounts payable within one year | 42/48 | €89,897 | €204,773 | +€114,875 | +128% |
| Current portion of amounts payable after more than one year | 42 | €56,976 | €122,826 | +€65,851 | +116% |
| Financial debts | 43 | €4,527 | €0 | -€4,527 | -100% |
| Credit institutions | 430/8 | €4,527 | €0 | -€4,527 | -100% |
| Trade debts | 44 | €12,016 | €5,584 | -€6,433 | -53.5% |
| Suppliers | 440/4 | €12,016 | €5,584 | -€6,433 | -53.5% |
| Advances received on contracts in progress | 46 | - | €54,121 | +€54,121 | |
| Taxes, remuneration and social security | 45 | €11,878 | €22,241 | +€10,363 | +87.2% |
| Taxes | 450/3 | €2,161 | €4,071 | +€1,910 | +88.4% |
| Remuneration and social security | 454/9 | €9,718 | €18,171 | +€8,453 | +87.0% |
| Other amounts payable | 47/48 | €4,500 | €0 | -€4,500 | -100% |
| Accrued charges and deferred income | 492/3 | €1,798 | €5,924 | +€4,125 | +229% |
| Remuneration, social security and pensions | 62 | €39,182 | €90,596 | +€51,414 | +131% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,483 | €139,645 | +€92,162 | +194% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €26,050 | €4,500 | -€21,550 | -82.7% |
| Other operating charges | 640/8 | €3,147 | €10,136 | +€6,988 | +222% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €106,784 | €328,140 | +€221,356 | +207% |
| Operating profit (loss) | 9901 | -€9,078 | €83,264 | +€92,342 | |
| Financial income | 75/76B | €25,714 | €1,913 | -€23,801 | -92.6% |
| Recurring financial income | 75 | €25,714 | €1,913 | -€23,801 | -92.6% |
| Financial charges | 65/66B | €28,341 | €35,231 | +€6,890 | +24.3% |
| Recurring financial charges | 65 | €28,341 | €35,231 | +€6,890 | +24.3% |
| Profit (loss) for the period before taxes | 9903 | -€11,705 | €49,945 | +€61,650 | |
| Income taxes | 67/77 | €2,513 | €304 | -€2,209 | -87.9% |
| Profit (loss) for the period | 9904 | -€14,218 | €49,641 | +€63,859 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,218 | €49,641 | +€63,859 |
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 23 October 2026 via checked.be.