Rednax Group: 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.
Rednax Group
Largest movements
- Receivables within one year +€20,142
up €20,142 (+3,845%), from €524 to €20,666
- Cash -€16,373
down €16,373 (-42.7%), from €38,302 to €21,929
mainly Investment in fixed assets (net) (-€20,246) and Receivables within one year (-€20,142)
- Tangible fixed assets -€2,558
down €2,558 (-4.2%), from €61,417 to €58,859
of which Furniture and vehicles: -€2,076
- Other debts -€14,511
down €14,511 (-48.3%), from €30,030 to €15,519
- Reserves +€11,480
up €11,480 (+109%), from €10,569 to €22,049
- Current portion of long-term debt +€4,060
up €4,060 (+32.6%), from €12,445 to €16,505
- Accrued charges and deferred income -€1,359
down €1,359 (-55.2%), from €2,461 to €1,102
- Depreciation +€6,689
up €6,689 (+41.5%), from €16,116 to €22,805
- Gross operating margin +€5,936
up €5,936 (+15.0%), from €39,474 to €45,410
- Financial charges -€1,071
down €1,071 (-21.1%), from €5,079 to €4,008
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 | €104,526 | €104,703 | +€177 | +0.2% |
| Fixed assets | 21/28 | €61,417 | €58,859 | -€2,558 | -4.2% |
| Tangible fixed assets | 22/27 | €61,417 | €58,859 | -€2,558 | -4.2% |
| Furniture and vehicles | 24 | €59,428 | €57,353 | -€2,076 | -3.5% |
| Other tangible fixed assets | 26 | €1,988 | €1,506 | -€482 | -24.3% |
| Current assets | 29/58 | €43,109 | €45,844 | +€2,735 | +6.3% |
| Amounts receivable within one year | 40/41 | €524 | €20,666 | +€20,142 | +3,845% |
| Trade receivables | 40 | €524 | €20,666 | +€20,142 | +3,845% |
| Cash at bank and in hand | 54/58 | €38,302 | €21,929 | -€16,373 | -42.7% |
| Deferred charges and accrued income | 490/1 | €4,283 | €3,249 | -€1,034 | -24.1% |
| Total equity and liabilities | 10/49 | €104,526 | €104,703 | +€177 | +0.2% |
| Equity | 10/15 | €15,569 | €27,049 | +€11,480 | +73.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €10,569 | €22,049 | +€11,480 | +109% |
| Distributable reserves | 133 | €10,569 | €22,049 | +€11,480 | +109% |
| Amounts payable | 17/49 | €88,957 | €77,654 | -€11,303 | -12.7% |
| Amounts payable after more than one year | 17 | €28,658 | €28,646 | -€13 | 0.0% |
| Financial debts | 170/4 | €28,658 | €28,646 | -€13 | 0.0% |
| Amounts payable within one year | 42/48 | €57,838 | €47,907 | -€9,931 | -17.2% |
| Current portion of amounts payable after more than one year | 42 | €12,445 | €16,505 | +€4,060 | +32.6% |
| Trade debts | 44 | €682 | €215 | -€467 | -68.5% |
| Suppliers | 440/4 | €682 | €215 | -€467 | -68.5% |
| Taxes, remuneration and social security | 45 | €14,681 | €15,668 | +€987 | +6.7% |
| Taxes | 450/3 | €14,681 | €15,668 | +€987 | +6.7% |
| Other amounts payable | 47/48 | €30,030 | €15,519 | -€14,511 | -48.3% |
| Accrued charges and deferred income | 492/3 | €2,461 | €1,102 | -€1,359 | -55.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,116 | €22,805 | +€6,689 | +41.5% |
| Other operating charges | 640/8 | €1,410 | €1,128 | -€282 | -20.0% |
| Gross operating margin | 9900 | €39,474 | €45,410 | +€5,936 | +15.0% |
| Operating profit (loss) | 9901 | €21,948 | €21,478 | -€470 | -2.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €5,079 | €4,008 | -€1,071 | -21.1% |
| Recurring financial charges | 65 | €5,079 | €4,008 | -€1,071 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €16,869 | €17,470 | +€601 | +3.6% |
| Income taxes | 67/77 | €6,300 | €5,989 | -€311 | -4.9% |
| Profit (loss) for the period | 9904 | €10,569 | €11,480 | +€911 | +8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,569 | €11,480 | +€911 | +8.6% |
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 20 October 2026 via checked.be.