Redlog: 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.
Redlog
Largest movements
- Cash +€50,769
up €50,769 (+2,203%), from €2,305 to €53,074
mainly Net result for the year (+€126,218) and Tax, wage and social debts (+€56,459)
- Deferred charges and accrued income +€12,766
up €12,766 (+420%), from €3,038 to €15,804
- Receivables within one year +€7,429
up €7,429 (+9.9%), from €74,702 to €82,131
of which Trade receivables: +€16,140
- Tangible fixed assets -€6,223
down €6,223 (-4.0%), from €155,336 to €149,112
of which Land and buildings: -€8,231
- Reserves +€119,750
up €119,750 (+3,742%), from €3,200 to €122,950
- Trade debts -€83,317
down €83,317 (-88.1%), from €94,524 to €11,208
- Tax, wage and social debts +€56,459
up €56,459 (+302%), from €18,682 to €75,140
of which Taxes: +€50,068
- Other debts -€33,495
down €33,495 (-87.0%), from €38,495 to €5,000
- Profit (loss) carried forward +€6,468
up €6,468, from -€6,445 to €23
- Gross operating margin +€103,697
up €103,697 (+58.0%), from €178,663 to €282,361
- Taxes +€50,036
up €50,036 (+28,689%), from €174 to €50,210
- Staff costs +€5,259
up €5,259 (+7.6%), from €69,303 to €74,561
- Financial charges -€3,134
down €3,134 (-41.9%), from €7,484 to €4,350
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 | €235,381 | €300,121 | +€64,740 | +27.5% |
| Fixed assets | 21/28 | €155,336 | €149,112 | -€6,223 | -4.0% |
| Tangible fixed assets | 22/27 | €155,336 | €149,112 | -€6,223 | -4.0% |
| Land and buildings | 22 | €120,255 | €112,024 | -€8,231 | -6.8% |
| Plant, machinery and equipment | 23 | €7,379 | €4,932 | -€2,448 | -33.2% |
| Furniture and vehicles | 24 | €27,701 | €32,156 | +€4,455 | +16.1% |
| Current assets | 29/58 | €80,046 | €151,009 | +€70,963 | +88.7% |
| Amounts receivable within one year | 40/41 | €74,702 | €82,131 | +€7,429 | +9.9% |
| Trade receivables | 40 | €49,333 | €65,473 | +€16,140 | +32.7% |
| Other amounts receivable | 41 | €25,369 | €16,658 | -€8,711 | -34.3% |
| Cash at bank and in hand | 54/58 | €2,305 | €53,074 | +€50,769 | +2,203% |
| Deferred charges and accrued income | 490/1 | €3,038 | €15,804 | +€12,766 | +420% |
| Total equity and liabilities | 10/49 | €235,381 | €300,121 | +€64,740 | +27.5% |
| Equity | 10/15 | €3,055 | €129,273 | +€126,218 | +4,131% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €3,200 | €122,950 | +€119,750 | +3,742% |
| Distributable reserves | 133 | €3,200 | €122,950 | +€119,750 | +3,742% |
| Profit (loss) carried forward | 14 | -€6,445 | €23 | +€6,468 | |
| Amounts payable | 17/49 | €232,326 | €170,848 | -€61,478 | -26.5% |
| Amounts payable within one year | 42/48 | €227,701 | €167,348 | -€60,353 | -26.5% |
| Current portion of amounts payable after more than one year | 42 | €76,000 | €76,000 | = | 0.0% |
| Trade debts | 44 | €94,524 | €11,208 | -€83,317 | -88.1% |
| Suppliers | 440/4 | €94,524 | €11,208 | -€83,317 | -88.1% |
| Taxes, remuneration and social security | 45 | €18,682 | €75,140 | +€56,459 | +302% |
| Taxes | 450/3 | €5,064 | €55,132 | +€50,068 | +989% |
| Remuneration and social security | 454/9 | €13,618 | €20,008 | +€6,391 | +46.9% |
| Other amounts payable | 47/48 | €38,495 | €5,000 | -€33,495 | -87.0% |
| Accrued charges and deferred income | 492/3 | €4,625 | €3,500 | -€1,125 | -24.3% |
| Non-recurring operating income | 76A | - | €741 | +€741 | |
| Remuneration, social security and pensions | 62 | €69,303 | €74,561 | +€5,259 | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,292 | €22,248 | -€2,044 | -8.4% |
| Other operating charges | 640/8 | €2,447 | €3,933 | +€1,486 | +60.7% |
| Non-recurring operating charges | 66A | €2,000 | €2,116 | +€116 | +5.8% |
| Gross operating margin | 9900 | €178,663 | €282,361 | +€103,697 | +58.0% |
| Operating profit (loss) | 9901 | €80,622 | €179,503 | +€98,880 | +123% |
| Financial income | 75/76B | €1,346 | €1,275 | -€70 | -5.2% |
| Recurring financial income | 75 | €1,346 | €1,275 | -€70 | -5.2% |
| Financial charges | 65/66B | €7,484 | €4,350 | -€3,134 | -41.9% |
| Recurring financial charges | 65 | €7,484 | €4,350 | -€3,134 | -41.9% |
| Profit (loss) for the period before taxes | 9903 | €74,484 | €176,428 | +€101,944 | +137% |
| Income taxes | 67/77 | €174 | €50,210 | +€50,036 | +28,689% |
| Profit (loss) for the period | 9904 | €74,309 | €126,218 | +€51,909 | +69.9% |
| Profit (loss) for the period to be appropriated | 9905 | €74,309 | €126,218 | +€51,909 | +69.9% |
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 15 October 2026 via checked.be.