REDITECH: 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.
REDITECH
Largest movements
- Tangible fixed assets -€78,858
down €78,858 (-13.9%), from €569,130 to €490,272
of which Land and buildings: -€41,410
- Receivables within one year +€20,112
up €20,112 (+45.4%), from €44,334 to €64,446
of which Trade receivables: +€11,612
- Financial fixed assets -€15,000
no longer reported in 2025 (was €15,000)
- Short-term financial debts +€90,000
up €90,000 (+450%), from €20,000 to €110,000
- Reserves -€52,079
down €52,079 (-12.2%), from €428,209 to €376,130
of which Distributable reserves: -€46,000
- Other debts -€49,500
no longer reported in 2025 (was €49,500)
- Tax, wage and social debts -€25,066
down €25,066 (-57.0%), from €43,952 to €18,886
of which Taxes: -€21,366
- Trade debts -€20,078
down €20,078 (-68.7%), from €29,233 to €9,156
- Gross operating margin +€57,930
up €57,930 (+37,144%), from €156 to €58,086
- Staff costs -€34,190
down €34,190 (-66.8%), from €51,203 to €17,013
- Financial charges +€17,429
up €17,429 (+149%), from €11,697 to €29,126
of which Non-recurring financial charges: +€17,528
- Depreciation -€9,138
down €9,138 (-13.4%), from €67,953 to €58,815
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 | €641,203 | €568,670 | -€72,533 | -11.3% |
| Fixed assets | 21/28 | €584,130 | €490,272 | -€93,858 | -16.1% |
| Tangible fixed assets | 22/27 | €569,130 | €490,272 | -€78,858 | -13.9% |
| Land and buildings | 22 | €462,550 | €421,140 | -€41,410 | -9.0% |
| Plant, machinery and equipment | 23 | €51,064 | €43,009 | -€8,055 | -15.8% |
| Furniture and vehicles | 24 | €55,516 | €26,123 | -€29,394 | -52.9% |
| Financial fixed assets | 28 | €15,000 | - | -€15,000 | |
| Current assets | 29/58 | €57,073 | €78,398 | +€21,326 | +37.4% |
| Amounts receivable within one year | 40/41 | €44,334 | €64,446 | +€20,112 | +45.4% |
| Trade receivables | 40 | €42,774 | €54,386 | +€11,612 | +27.1% |
| Other amounts receivable | 41 | €1,560 | €10,060 | +€8,500 | +545% |
| Cash at bank and in hand | 54/58 | €6,125 | €4,362 | -€1,763 | -28.8% |
| Deferred charges and accrued income | 490/1 | €6,614 | €9,590 | +€2,976 | +45.0% |
| Total equity and liabilities | 10/49 | €641,203 | €568,670 | -€72,533 | -11.3% |
| Equity | 10/15 | €448,643 | €395,094 | -€53,549 | -11.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €428,209 | €376,130 | -€52,079 | -12.2% |
| Tax-exempt reserves | 132 | €88,349 | €82,270 | -€6,079 | -6.9% |
| Distributable reserves | 133 | €339,860 | €293,860 | -€46,000 | -13.5% |
| Profit (loss) carried forward | 14 | €1,835 | €364 | -€1,471 | -80.2% |
| Provisions and deferred taxes | 16 | €7,597 | €6,532 | -€1,066 | -14.0% |
| Deferred taxes | 168 | €7,597 | €6,532 | -€1,066 | -14.0% |
| Amounts payable | 17/49 | €184,962 | €167,044 | -€17,918 | -9.7% |
| Amounts payable after more than one year | 17 | €26,233 | €12,857 | -€13,376 | -51.0% |
| Financial debts | 170/4 | €26,233 | €12,857 | -€13,376 | -51.0% |
| Amounts payable within one year | 42/48 | €155,414 | €151,418 | -€3,996 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €12,729 | €13,376 | +€647 | +5.1% |
| Financial debts | 43 | €20,000 | €110,000 | +€90,000 | +450% |
| Credit institutions | 430/8 | €20,000 | €110,000 | +€90,000 | +450% |
| Trade debts | 44 | €29,233 | €9,156 | -€20,078 | -68.7% |
| Suppliers | 440/4 | €29,233 | €9,156 | -€20,078 | -68.7% |
| Taxes, remuneration and social security | 45 | €43,952 | €18,886 | -€25,066 | -57.0% |
| Taxes | 450/3 | €40,252 | €18,886 | -€21,366 | -53.1% |
| Remuneration and social security | 454/9 | €3,700 | - | -€3,700 | |
| Other amounts payable | 47/48 | €49,500 | - | -€49,500 | |
| Accrued charges and deferred income | 492/3 | €3,314 | €2,769 | -€546 | -16.5% |
| Remuneration, social security and pensions | 62 | €51,203 | €17,013 | -€34,190 | -66.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,953 | €58,815 | -€9,138 | -13.4% |
| Other operating charges | 640/8 | €7,422 | €7,547 | +€125 | +1.7% |
| Gross operating margin | 9900 | €156 | €58,086 | +€57,930 | +37,144% |
| Operating profit (loss) | 9901 | -€126,422 | -€25,290 | +€101,132 | +80.0% |
| Financial charges | 65/66B | €11,697 | €29,126 | +€17,429 | +149% |
| Recurring financial charges | 65 | €11,697 | €11,599 | -€98 | -0.8% |
| Non-recurring financial charges | 66B | - | €17,528 | +€17,528 | |
| Profit (loss) for the period before taxes | 9903 | -€138,119 | -€54,416 | +€83,702 | +60.6% |
| Transfer from deferred taxes | 780 | €1,108 | €1,066 | -€43 | -3.8% |
| Income taxes | 67/77 | €282 | €198 | -€84 | -29.7% |
| Profit (loss) for the period | 9904 | -€137,293 | -€53,549 | +€83,744 | +61.0% |
| Transfer from tax-exempt reserves | 789 | €6,036 | €6,079 | +€43 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€131,257 | -€47,471 | +€83,786 | +63.8% |
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 17 October 2026 via checked.be.