REDHOT: 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.
REDHOT
Largest movements
- Tangible fixed assets -€4,497
down €4,497 (-45.9%), from €9,801 to €5,304
of which Furniture and vehicles: -€2,348
- Cash -€3,519
down €3,519 (-74.7%), from €4,712 to €1,193
mainly Debts after one year (-€3,410) and Net result for the year (-€3,160)
- Intangible fixed assets -€2,856
down €2,856 (-43.5%), from €6,568 to €3,713
- Receivables within one year +€2,360
up €2,360 (+9.5%), from €24,946 to €27,306
of which Trade receivables: +€5,587
- Profit (loss) carried forward -€3,569
down €3,569 (-5.0%), from -€71,624 to -€75,193
- Debts after one year -€3,410
down €3,410 (-4.1%), from €82,651 to €79,241
- Trade debts -€2,084
down €2,084 (-28.7%), from €7,270 to €5,186
- Other debts +€1,468
up €1,468 (+2111.7%), from €70 to €1,538
- Current portion of long-term debt -€1,172
down €1,172 (-25.6%), from €4,581 to €3,410
- Gross operating margin -€4,675
down €4,675 (-42.6%), from €10,972 to €6,298
- Financial charges -€2,229
down €2,229 (-53.2%), from €4,189 to €1,960
- Staff costs -€2,003
down €2,003 (-100.0%), from €2,003 to €0
- Other operating charges -€1,087
down €1,087 (-88.0%), from €1,235 to €148
- Taxes -€409
down €409 (-100.0%), from €409 to €0
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 | €46,528 | €38,017 | -€8,511 | -18.3% |
| Fixed assets | 21/28 | €16,870 | €9,517 | -€7,353 | -43.6% |
| Intangible fixed assets | 21 | €6,568 | €3,713 | -€2,856 | -43.5% |
| Tangible fixed assets | 22/27 | €9,801 | €5,304 | -€4,497 | -45.9% |
| Land and buildings | 22 | €2,283 | €1,189 | -€1,093 | -47.9% |
| Plant, machinery and equipment | 23 | €2,962 | €1,907 | -€1,056 | -35.6% |
| Furniture and vehicles | 24 | €4,556 | €2,208 | -€2,348 | -51.5% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €29,658 | €28,500 | -€1,159 | -3.9% |
| Amounts receivable within one year | 40/41 | €24,946 | €27,306 | +€2,360 | +9.5% |
| Trade receivables | 40 | €17,652 | €23,239 | +€5,587 | +31.6% |
| Other amounts receivable | 41 | €7,294 | €4,067 | -€3,226 | -44.2% |
| Cash at bank and in hand | 54/58 | €4,712 | €1,193 | -€3,519 | -74.7% |
| Total equity and liabilities | 10/49 | €46,528 | €38,017 | -€8,511 | -18.3% |
| Equity | 10/15 | -€53,024 | -€56,593 | -€3,569 | -6.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,624 | -€75,193 | -€3,569 | -5.0% |
| Amounts payable | 17/49 | €99,552 | €94,610 | -€4,943 | -5.0% |
| Amounts payable after more than one year | 17 | €82,651 | €79,241 | -€3,410 | -4.1% |
| Financial debts | 170/4 | €82,651 | €79,241 | -€3,410 | -4.1% |
| Amounts payable within one year | 42/48 | €16,902 | €15,369 | -€1,533 | -9.1% |
| Current portion of amounts payable after more than one year | 42 | €4,581 | €3,410 | -€1,172 | -25.6% |
| Financial debts | 43 | €226 | €325 | +€100 | +44.3% |
| Credit institutions | 430/8 | €226 | €325 | +€100 | +44.3% |
| Trade debts | 44 | €7,270 | €5,186 | -€2,084 | -28.7% |
| Suppliers | 440/4 | €7,270 | €5,186 | -€2,084 | -28.7% |
| Taxes, remuneration and social security | 45 | €4,755 | €4,910 | +€155 | +3.3% |
| Taxes | 450/3 | €4,755 | €4,910 | +€155 | +3.3% |
| Other amounts payable | 47/48 | €70 | €1,538 | +€1,468 | +2111.7% |
| Remuneration, social security and pensions | 62 | €2,003 | €0 | -€2,003 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,436 | €7,353 | -€83 | -1.1% |
| Other operating charges | 640/8 | €1,235 | €148 | -€1,087 | -88.0% |
| Gross operating margin | 9900 | €10,972 | €6,298 | -€4,675 | -42.6% |
| Operating profit (loss) | 9901 | €298 | -€1,203 | -€1,501 | |
| Financial income | 75/76B | €3 | €3 | +€0 | +14.3% |
| Recurring financial income | 75 | €3 | €3 | +€0 | +14.3% |
| Financial charges | 65/66B | €4,189 | €1,960 | -€2,229 | -53.2% |
| Recurring financial charges | 65 | €4,189 | €1,960 | -€2,229 | -53.2% |
| Profit (loss) for the period before taxes | 9903 | -€3,888 | -€3,160 | +€728 | +18.7% |
| Income taxes | 67/77 | €409 | €0 | -€409 | -100.0% |
| Profit (loss) for the period | 9904 | -€4,297 | -€3,160 | +€1,137 | +26.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,297 | -€3,160 | +€1,137 | +26.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.