REDI: 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.
REDI
Largest movements
- Current investments -€60,582
down €60,582 (-4.6%), from €1.3m to €1.3m
- Cash -€45,347
down €45,347 (-17.1%), from €264,783 to €219,435
mainly Other debts (-€456,385) and Receivables within one year (-€9,157)
- Other debts -€456,385
down €456,385 (-64.0%), from €713,591 to €257,206
- Short-term financial debts +€250,166
new in 2025: €250,166
- Reserves +€110,000
up €110,000 (+12.4%), from €890,000 to €1.0m
- Gross operating margin -€51,301
down €51,301 (-28.9%), from €177,504 to €126,203
- Financial charges -€27,719
down €27,719 (-55.3%), from €50,160 to €22,441
- Financial income +€27,053
up €27,053 (+126.3%), from €21,424 to €48,477
- Taxes -€18,338
down €18,338 (-32.1%), from €57,087 to €38,749
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 | €1,652,854 | €1,555,486 | -€97,368 | -5.9% |
| Fixed assets | 21/28 | €595 | - | -€595 | |
| Tangible fixed assets | 22/27 | €595 | - | -€595 | |
| Furniture and vehicles | 24 | €396 | - | -€396 | |
| Other tangible fixed assets | 26 | €199 | - | -€199 | |
| Current assets | 29/58 | €1,652,259 | €1,555,486 | -€96,773 | -5.9% |
| Amounts receivable within one year | 40/41 | €61,347 | €70,504 | +€9,157 | +14.9% |
| Trade receivables | 40 | €61,347 | €47,494 | -€13,853 | -22.6% |
| Other amounts receivable | 41 | - | €23,009 | +€23,009 | |
| Current investments | 50/53 | €1,326,129 | €1,265,547 | -€60,582 | -4.6% |
| Cash at bank and in hand | 54/58 | €264,783 | €219,435 | -€45,347 | -17.1% |
| Total equity and liabilities | 10/49 | €1,652,854 | €1,555,486 | -€97,368 | -5.9% |
| Equity | 10/15 | €916,207 | €1,027,723 | +€111,516 | +12.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €890,000 | €1,000,000 | +€110,000 | +12.4% |
| Distributable reserves | 133 | €890,000 | €1,000,000 | +€110,000 | +12.4% |
| Profit (loss) carried forward | 14 | €7,615 | €9,131 | +€1,516 | +19.9% |
| Amounts payable | 17/49 | €736,647 | €527,764 | -€208,884 | -28.4% |
| Amounts payable within one year | 42/48 | €736,647 | €527,764 | -€208,884 | -28.4% |
| Financial debts | 43 | - | €250,166 | +€250,166 | |
| Credit institutions | 430/8 | - | €250,166 | +€250,166 | |
| Trade debts | 44 | €142 | €1,799 | +€1,657 | +1170.5% |
| Suppliers | 440/4 | €142 | €1,799 | +€1,657 | +1170.5% |
| Taxes, remuneration and social security | 45 | €22,914 | €18,593 | -€4,321 | -18.9% |
| Taxes | 450/3 | €22,914 | €18,593 | -€4,321 | -18.9% |
| Other amounts payable | 47/48 | €713,591 | €257,206 | -€456,385 | -64.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,273 | €595 | -€1,677 | -73.8% |
| Other operating charges | 640/8 | €1,510 | €1,380 | -€130 | -8.6% |
| Gross operating margin | 9900 | €177,504 | €126,203 | -€51,301 | -28.9% |
| Operating profit (loss) | 9901 | €173,721 | €124,228 | -€49,493 | -28.5% |
| Financial income | 75/76B | €21,424 | €48,477 | +€27,053 | +126.3% |
| Recurring financial income | 75 | €21,424 | €48,477 | +€27,053 | +126.3% |
| Financial charges | 65/66B | €50,160 | €22,441 | -€27,719 | -55.3% |
| Recurring financial charges | 65 | €50,160 | €22,441 | -€27,719 | -55.3% |
| Profit (loss) for the period before taxes | 9903 | €144,985 | €150,264 | +€5,279 | +3.6% |
| Income taxes | 67/77 | €57,087 | €38,749 | -€18,338 | -32.1% |
| Profit (loss) for the period | 9904 | €87,898 | €111,516 | +€23,618 | +26.9% |
| Profit (loss) for the period to be appropriated | 9905 | €87,898 | €111,516 | +€23,618 | +26.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.