REDINVEST: 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.
REDINVEST
Largest movements
- Receivables within one year +€317,781
up €317,781 (+118%), from €270,429 to €588,209
of which Trade receivables: +€224,903
- Stocks and contracts +€202,500
up €202,500 (+6.5%), from €3.1m to €3.3m
- Tangible fixed assets -€66,276
down €66,276 (-6.2%), from €1.1m to €1.0m
of which Land and buildings: -€68,472
- Other debts +€836,017
up €836,017 (+589%), from €141,884 to €977,901
- Debts after one year -€461,497
down €461,497 (-16.7%), from €2.8m to €2.3m
- Profit (loss) carried forward +€68,738
up €68,738 (+8.0%), from €857,901 to €926,640
- Reserves +€50,000
up €50,000 (+243%), from €20,600 to €70,600
of which Distributable reserves: +€50,000
- Turnover -€2.2m
no longer reported in 2024 (was €2.2m)
- Purchases and services -€1.9m
no longer reported in 2024 (was €1.9m)
- Gross operating margin +€130,377
up €130,377 (+33.8%), from €385,695 to €516,072
- Financial charges +€45,765
up €45,765 (+38.0%), from €120,388 to €166,153
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,467,131 | €4,918,374 | +€451,243 | +10.1% |
| Fixed assets | 21/28 | €1,071,356 | €1,005,081 | -€66,276 | -6.2% |
| Tangible fixed assets | 22/27 | €1,070,545 | €1,004,270 | -€66,276 | -6.2% |
| Land and buildings | 22 | €1,070,364 | €1,001,892 | -€68,472 | -6.4% |
| Furniture and vehicles | 24 | €181 | €2,378 | +€2,196 | +1,210% |
| Financial fixed assets | 28 | €811 | €811 | = | 0.0% |
| Current assets | 29/58 | €3,395,775 | €3,913,294 | +€517,519 | +15.2% |
| Stocks and contracts in progress | 3 | €3,107,500 | €3,310,000 | +€202,500 | +6.5% |
| Stocks | 30/36 | €3,107,500 | €3,310,000 | +€202,500 | +6.5% |
| Amounts receivable within one year | 40/41 | €270,429 | €588,209 | +€317,781 | +118% |
| Trade receivables | 40 | €126,332 | €351,235 | +€224,903 | +178% |
| Other amounts receivable | 41 | €144,096 | €236,975 | +€92,878 | +64.5% |
| Cash at bank and in hand | 54/58 | €14,568 | €12,243 | -€2,325 | -16.0% |
| Deferred charges and accrued income | 490/1 | €3,279 | €2,842 | -€437 | -13.3% |
| Total equity and liabilities | 10/49 | €4,467,131 | €4,918,374 | +€451,243 | +10.1% |
| Equity | 10/15 | €1,006,101 | €1,076,240 | +€70,138 | +7.0% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Revaluation surpluses | 12 | €108,600 | €60,000 | -€48,600 | -44.8% |
| Reserves | 13 | €20,600 | €70,600 | +€50,000 | +243% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,700 | €18,700 | = | 0.0% |
| Distributable reserves | 133 | - | €50,000 | +€50,000 | |
| Profit (loss) carried forward | 14 | €857,901 | €926,640 | +€68,738 | +8.0% |
| Amounts payable | 17/49 | €3,461,030 | €3,842,134 | +€381,105 | +11.0% |
| Amounts payable after more than one year | 17 | €2,762,859 | €2,301,362 | -€461,497 | -16.7% |
| Financial debts | 170/4 | €2,762,859 | €2,301,362 | -€461,497 | -16.7% |
| Amounts payable within one year | 42/48 | €698,171 | €1,540,772 | +€842,601 | +121% |
| Current portion of amounts payable after more than one year | 42 | €55,966 | €56,900 | +€935 | +1.7% |
| Financial debts | 43 | €42 | - | -€42 | |
| Credit institutions | 430/8 | €42 | - | -€42 | |
| Trade debts | 44 | €417,679 | €420,741 | +€3,062 | +0.7% |
| Suppliers | 440/4 | €417,679 | €420,741 | +€3,062 | +0.7% |
| Taxes, remuneration and social security | 45 | €82,600 | €85,230 | +€2,630 | +3.2% |
| Taxes | 450/3 | €78,121 | €83,250 | +€5,129 | +6.6% |
| Remuneration and social security | 454/9 | €4,479 | €1,979 | -€2,500 | -55.8% |
| Other amounts payable | 47/48 | €141,884 | €977,901 | +€836,017 | +589% |
| Turnover | 70 | €2,162,797 | - | -€2.2m | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,945,527 | - | -€1.9m | |
| Remuneration, social security and pensions | 62 | €34,723 | €44,910 | +€10,187 | +29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,718 | €35,265 | -€2,453 | -6.5% |
| Other operating charges | 640/8 | €53,676 | €45,412 | -€8,264 | -15.4% |
| Gross operating margin | 9900 | €385,695 | €516,072 | +€130,377 | +33.8% |
| Operating profit (loss) | 9901 | €259,577 | €390,484 | +€130,907 | +50.4% |
| Financial income | 75/76B | €13 | €105 | +€92 | +723% |
| Recurring financial income | 75 | €13 | €105 | +€92 | +723% |
| Financial charges | 65/66B | €120,388 | €166,153 | +€45,765 | +38.0% |
| Recurring financial charges | 65 | €120,388 | €166,153 | +€45,765 | +38.0% |
| Profit (loss) for the period before taxes | 9903 | €139,203 | €224,436 | +€85,234 | +61.2% |
| Income taxes | 67/77 | €30,273 | €45,698 | +€15,425 | +51.0% |
| Profit (loss) for the period | 9904 | €108,929 | €178,738 | +€69,809 | +64.1% |
| Profit (loss) for the period to be appropriated | 9905 | €108,929 | €178,738 | +€69,809 | +64.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.