REDHI: 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.
REDHI
Largest movements
- Stocks and contracts +€24,511
up €24,511 (+9.3%), from €263,195 to €287,706
- Receivables within one year -€7,856
down €7,856 (-10.8%), from €72,897 to €65,041
- Trade debts +€22,683
up €22,683 (+300%), from €7,549 to €30,232
- Tax, wage and social debts -€21,977
down €21,977 (-100%), from €21,977 to €0
- Other debts +€10,000
up €10,000 (+19.6%), from €50,973 to €60,973
- Gross operating margin +€1,286
up €1,286 (+17.6%), from €7,314 to €8,601
- Financial income -€863
down €863 (-36.3%), from €2,380 to €1,517
- Other operating charges -€416
down €416 (-5.7%), from €7,296 to €6,879
- Financial charges -€269
down €269 (-50.9%), from €530 to €260
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 | €383,322 | €395,174 | +€11,852 | +3.1% |
| Fixed assets | 21/28 | €40,264 | €38,056 | -€2,208 | -5.5% |
| Tangible fixed assets | 22/27 | €37,785 | €35,577 | -€2,208 | -5.8% |
| Land and buildings | 22 | €31,160 | €31,160 | = | 0.0% |
| Plant, machinery and equipment | 23 | €6,625 | €4,417 | -€2,208 | -33.3% |
| Financial fixed assets | 28 | €2,479 | €2,479 | = | 0.0% |
| Current assets | 29/58 | €343,058 | €357,118 | +€14,060 | +4.1% |
| Stocks and contracts in progress | 3 | €263,195 | €287,706 | +€24,511 | +9.3% |
| Stocks | 30/36 | €263,195 | €287,706 | +€24,511 | +9.3% |
| Amounts receivable within one year | 40/41 | €72,897 | €65,041 | -€7,856 | -10.8% |
| Other amounts receivable | 41 | €72,897 | €65,041 | -€7,856 | -10.8% |
| Cash at bank and in hand | 54/58 | €6,967 | €4,371 | -€2,595 | -37.3% |
| Total equity and liabilities | 10/49 | €383,322 | €395,174 | +€11,852 | +3.1% |
| Equity | 10/15 | €296,029 | €296,799 | +€770 | +0.3% |
| Contributions | 10/11 | €148,736 | €148,736 | = | 0.0% |
| Capital | 10 | €148,736 | €148,736 | = | 0.0% |
| Issued capital | 100 | €148,736 | €148,736 | = | 0.0% |
| Reserves | 13 | €147,293 | €148,063 | +€770 | +0.5% |
| Non-distributable reserves | 130/1 | €14,874 | €14,874 | = | 0.0% |
| Legal reserve | 130 | €14,874 | €14,874 | = | 0.0% |
| Distributable reserves | 133 | €132,419 | €133,190 | +€770 | +0.6% |
| Amounts payable | 17/49 | €87,293 | €98,375 | +€11,082 | +12.7% |
| Amounts payable within one year | 42/48 | €80,498 | €91,205 | +€10,707 | +13.3% |
| Trade debts | 44 | €7,549 | €30,232 | +€22,683 | +300% |
| Suppliers | 440/4 | €7,549 | €30,232 | +€22,683 | +300% |
| Taxes, remuneration and social security | 45 | €21,977 | €0 | -€21,977 | -100% |
| Taxes | 450/3 | €21,977 | €0 | -€21,977 | -100% |
| Other amounts payable | 47/48 | €50,973 | €60,973 | +€10,000 | +19.6% |
| Accrued charges and deferred income | 492/3 | €6,795 | €7,170 | +€375 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,208 | €2,208 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €7,296 | €6,879 | -€416 | -5.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €7,314 | €8,601 | +€1,286 | +17.6% |
| Operating profit (loss) | 9901 | -€2,190 | -€487 | +€1,703 | +77.8% |
| Financial income | 75/76B | €2,380 | €1,517 | -€863 | -36.3% |
| Recurring financial income | 75 | €2,380 | €1,517 | -€863 | -36.3% |
| Financial charges | 65/66B | €530 | €260 | -€269 | -50.9% |
| Recurring financial charges | 65 | €530 | €260 | -€269 | -50.9% |
| Profit (loss) for the period before taxes | 9903 | -€339 | €770 | +€1,109 | |
| Profit (loss) for the period | 9904 | -€339 | €770 | +€1,109 | |
| Profit (loss) for the period to be appropriated | 9905 | -€339 | €770 | +€1,109 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.