REDITRAX: 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.
REDITRAX
Largest movements
- Cash +€68,777
up €68,777 (+395%), from €17,392 to €86,169
mainly Net result for the year (+€52,424) and Tax, wage and social debts (+€13,660)
- Tangible fixed assets -€12,637
down €12,637 (-66.9%), from €18,890 to €6,254
- Receivables within one year +€1,441
up €1,441 (+8.8%), from €16,441 to €17,882
of which Trade receivables: +€5,379
- Profit (loss) carried forward +€52,424
up €52,424, from -€111 to €52,313
- Tax, wage and social debts +€13,660
new in 2025: €13,660
- Debts after one year -€3,566
no longer reported in 2025 (was €3,566)
- Current portion of long-term debt -€2,913
down €2,913 (-45.0%), from €6,479 to €3,566
- Trade debts -€1,304
down €1,304 (-76.2%), from €1,712 to €408
- Gross operating margin +€59,764
up €59,764 (+278%), from €21,498 to €81,262
- Taxes +€13,775
new in 2025: €13,775
- Financial charges +€1,847
up €1,847, from -€719 to €1,128
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 | €53,473 | €111,806 | +€58,333 | +109% |
| Fixed assets | 21/28 | €19,640 | €7,004 | -€12,637 | -64.3% |
| Tangible fixed assets | 22/27 | €18,890 | €6,254 | -€12,637 | -66.9% |
| Furniture and vehicles | 24 | €18,890 | €6,254 | -€12,637 | -66.9% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €33,833 | €104,802 | +€70,969 | +210% |
| Amounts receivable within one year | 40/41 | €16,441 | €17,882 | +€1,441 | +8.8% |
| Trade receivables | 40 | €11,392 | €16,771 | +€5,379 | +47.2% |
| Other amounts receivable | 41 | €5,050 | €1,111 | -€3,938 | -78.0% |
| Cash at bank and in hand | 54/58 | €17,392 | €86,169 | +€68,777 | +395% |
| Deferred charges and accrued income | 490/1 | - | €752 | +€752 | |
| Total equity and liabilities | 10/49 | €53,473 | €111,806 | +€58,333 | +109% |
| Equity | 10/15 | €34,889 | €87,313 | +€52,424 | +150% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€111 | €52,313 | +€52,424 | |
| Amounts payable | 17/49 | €18,584 | €24,493 | +€5,909 | +31.8% |
| Amounts payable after more than one year | 17 | €3,566 | - | -€3,566 | |
| Financial debts | 170/4 | €3,566 | - | -€3,566 | |
| Amounts payable within one year | 42/48 | €15,018 | €24,493 | +€9,475 | +63.1% |
| Current portion of amounts payable after more than one year | 42 | €6,479 | €3,566 | -€2,913 | -45.0% |
| Trade debts | 44 | €1,712 | €408 | -€1,304 | -76.2% |
| Suppliers | 440/4 | €1,712 | €408 | -€1,304 | -76.2% |
| Taxes, remuneration and social security | 45 | - | €13,660 | +€13,660 | |
| Taxes | 450/3 | - | €13,660 | +€13,660 | |
| Other amounts payable | 47/48 | €6,827 | €6,859 | +€33 | +0.5% |
| Non-recurring operating income | 76A | €48 | - | -€48 | |
| Remuneration, social security and pensions | 62 | - | €214 | +€214 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,332 | €13,421 | +€89 | +0.7% |
| Other operating charges | 640/8 | €298 | €302 | +€4 | +1.3% |
| Gross operating margin | 9900 | €21,498 | €81,262 | +€59,764 | +278% |
| Operating profit (loss) | 9901 | €7,869 | €67,326 | +€59,457 | +756% |
| Financial income | 75/76B | €0 | €0 | +€0 | +150% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +150% |
| Financial charges | 65/66B | -€719 | €1,128 | +€1,847 | |
| Recurring financial charges | 65 | -€719 | €1,128 | +€1,847 | |
| Profit (loss) for the period before taxes | 9903 | €8,588 | €66,198 | +€57,611 | +671% |
| Income taxes | 67/77 | - | €13,775 | +€13,775 | |
| Profit (loss) for the period | 9904 | €8,588 | €52,424 | +€43,836 | +510% |
| Profit (loss) for the period to be appropriated | 9905 | €8,588 | €52,424 | +€43,836 | +510% |
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 22 October 2026 via checked.be.