REDLOCK: 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.
REDLOCK
Largest movements
- Receivables within one year +€12,248
up €12,248 (+188.9%), from €6,484 to €18,732
of which Trade receivables: +€14,179
- Tangible fixed assets +€10,533
up €10,533 (+44.0%), from €23,922 to €34,455
of which Furniture and vehicles: +€14,547
- Cash -€10,449
down €10,449 (-12.4%), from €84,120 to €73,671
mainly Contributions, distributions and other (-€38,550) and Investment in fixed assets (net) (-€28,615)
- Financial fixed assets +€10,000
up €10,000 (+10.4%), from €95,809 to €105,809
- Profit (loss) carried forward +€38,310
up €38,310 (+70.5%), from -€54,365 to -€16,055
- Reserves -€20,000
down €20,000 (-8.1%), from €246,200 to €226,200
- Contributions -€18,550
no longer reported in 2025 (was €18,550)
- Other debts +€14,002
up €14,002 (+423.4%), from €3,307 to €17,309
- Trade debts +€6,461
up €6,461 (+543.2%), from €1,189 to €7,651
- Gross operating margin +€97,512
up €97,512, from -€49,135 to €48,377
- Depreciation +€1,711
up €1,711 (+26.9%), from €6,371 to €8,082
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 | €215,316 | €236,106 | +€20,790 | +9.7% |
| Fixed assets | 21/28 | €119,730 | €140,264 | +€20,533 | +17.1% |
| Tangible fixed assets | 22/27 | €23,922 | €34,455 | +€10,533 | +44.0% |
| Plant, machinery and equipment | 23 | €3,848 | €2,217 | -€1,631 | -42.4% |
| Furniture and vehicles | 24 | €4,057 | €18,604 | +€14,547 | +358.6% |
| Other tangible fixed assets | 26 | €16,017 | €13,634 | -€2,382 | -14.9% |
| Financial fixed assets | 28 | €95,809 | €105,809 | +€10,000 | +10.4% |
| Current assets | 29/58 | €95,586 | €95,842 | +€257 | +0.3% |
| Amounts receivable within one year | 40/41 | €6,484 | €18,732 | +€12,248 | +188.9% |
| Trade receivables | 40 | €2,347 | €16,526 | +€14,179 | +604.0% |
| Other amounts receivable | 41 | €4,137 | €2,206 | -€1,931 | -46.7% |
| Cash at bank and in hand | 54/58 | €84,120 | €73,671 | -€10,449 | -12.4% |
| Deferred charges and accrued income | 490/1 | €4,981 | €3,439 | -€1,542 | -31.0% |
| Total equity and liabilities | 10/49 | €215,316 | €236,106 | +€20,790 | +9.7% |
| Equity | 10/15 | €210,385 | €210,145 | -€240 | -0.1% |
| Contributions | 10/11 | €18,550 | - | -€18,550 | |
| Reserves | 13 | €246,200 | €226,200 | -€20,000 | -8.1% |
| Distributable reserves | 133 | €246,200 | €226,200 | -€20,000 | -8.1% |
| Profit (loss) carried forward | 14 | -€54,365 | -€16,055 | +€38,310 | +70.5% |
| Amounts payable | 17/49 | €4,930 | €25,960 | +€21,030 | +426.5% |
| Amounts payable within one year | 42/48 | €4,930 | €25,960 | +€21,030 | +426.5% |
| Trade debts | 44 | €1,189 | €7,651 | +€6,461 | +543.2% |
| Suppliers | 440/4 | €1,189 | €7,651 | +€6,461 | +543.2% |
| Taxes, remuneration and social security | 45 | €434 | €1,000 | +€566 | +130.5% |
| Taxes | 450/3 | €434 | €1,000 | +€566 | +130.5% |
| Other amounts payable | 47/48 | €3,307 | €17,309 | +€14,002 | +423.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,371 | €8,082 | +€1,711 | +26.9% |
| Other operating charges | 640/8 | €1,170 | €748 | -€422 | -36.1% |
| Non-recurring operating charges | 66A | - | €205 | +€205 | |
| Gross operating margin | 9900 | -€49,135 | €48,377 | +€97,512 | |
| Operating profit (loss) | 9901 | -€56,676 | €39,341 | +€96,018 | |
| Financial income | 75/76B | €335 | €43 | -€293 | -87.3% |
| Recurring financial income | 75 | €335 | €43 | -€293 | -87.3% |
| Financial charges | 65/66B | €634 | €420 | -€214 | -33.8% |
| Recurring financial charges | 65 | €634 | €420 | -€214 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | -€56,975 | €38,964 | +€95,939 | |
| Income taxes | 67/77 | €431 | €654 | +€223 | +51.6% |
| Profit (loss) for the period | 9904 | -€57,406 | €38,310 | +€95,716 | |
| Profit (loss) for the period to be appropriated | 9905 | -€57,406 | €38,310 | +€95,716 |
Source: filed annual accounts (NBB), fiscal years ended 1 October 2024 and 1 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.