RedNord: 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.
RedNord
Largest movements
- Receivables within one year -€24,817
down €24,817 (-22.2%), from €111,886 to €87,069
of which Trade receivables: -€23,955
- Tangible fixed assets -€6,911
down €6,911 (-28.9%), from €23,929 to €17,018
- Cash -€3,822
down €3,822 (-30.5%), from €12,522 to €8,700
mainly Trade debts (-€54,893) and Other debts (-€3,435)
- Trade debts -€54,893
down €54,893 (-66.7%), from €82,260 to €27,367
- Profit (loss) carried forward +€20,691
up €20,691 (+60.2%), from €34,386 to €55,077
- Other debts -€3,435
down €3,435 (-21.1%), from €16,277 to €12,842
- Tax, wage and social debts +€2,086
up €2,086 (+16.2%), from €12,914 to €15,000
of which Taxes: +€4,400
- Gross operating margin -€12,171
down €12,171 (-24.8%), from €49,108 to €36,937
- Depreciation +€5,409
up €5,409 (+129%), from €4,202 to €9,611
- Taxes -€3,148
down €3,148 (-36.6%), from €8,600 to €5,452
- Other operating charges -€704
down €704 (-39.9%), from €1,763 to €1,059
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €148,338 | €112,787 | -€35,551 | -24.0% |
| Fixed assets | 21/28 | €23,929 | €17,018 | -€6,911 | -28.9% |
| Tangible fixed assets | 22/27 | €23,929 | €17,018 | -€6,911 | -28.9% |
| Furniture and vehicles | 24 | €23,929 | €17,018 | -€6,911 | -28.9% |
| Current assets | 29/58 | €124,409 | €95,769 | -€28,640 | -23.0% |
| Amounts receivable within one year | 40/41 | €111,886 | €87,069 | -€24,817 | -22.2% |
| Trade receivables | 40 | €109,260 | €85,305 | -€23,955 | -21.9% |
| Other amounts receivable | 41 | €2,626 | €1,764 | -€862 | -32.8% |
| Cash at bank and in hand | 54/58 | €12,522 | €8,700 | -€3,822 | -30.5% |
| Total equity and liabilities | 10/49 | €148,338 | €112,787 | -€35,551 | -24.0% |
| Equity | 10/15 | €36,886 | €57,577 | +€20,691 | +56.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,386 | €55,077 | +€20,691 | +60.2% |
| Amounts payable | 17/49 | €111,451 | €55,209 | -€56,242 | -50.5% |
| Amounts payable within one year | 42/48 | €111,451 | €55,209 | -€56,242 | -50.5% |
| Trade debts | 44 | €82,260 | €27,367 | -€54,893 | -66.7% |
| Suppliers | 440/4 | €82,260 | €27,367 | -€54,893 | -66.7% |
| Taxes, remuneration and social security | 45 | €12,914 | €15,000 | +€2,086 | +16.2% |
| Taxes | 450/3 | €8,600 | €13,000 | +€4,400 | +51.2% |
| Remuneration and social security | 454/9 | €4,314 | €2,000 | -€2,314 | -53.6% |
| Other amounts payable | 47/48 | €16,277 | €12,842 | -€3,435 | -21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,202 | €9,611 | +€5,409 | +129% |
| Other operating charges | 640/8 | €1,763 | €1,059 | -€704 | -39.9% |
| Gross operating margin | 9900 | €49,108 | €36,937 | -€12,171 | -24.8% |
| Operating profit (loss) | 9901 | €43,144 | €26,267 | -€16,877 | -39.1% |
| Financial income | 75/76B | - | €90 | +€90 | |
| Recurring financial income | 75 | - | €90 | +€90 | |
| Financial charges | 65/66B | €157 | €214 | +€57 | +36.0% |
| Recurring financial charges | 65 | €157 | €214 | +€57 | +36.0% |
| Profit (loss) for the period before taxes | 9903 | €42,986 | €26,143 | -€16,843 | -39.2% |
| Income taxes | 67/77 | €8,600 | €5,452 | -€3,148 | -36.6% |
| Profit (loss) for the period | 9904 | €34,386 | €20,691 | -€13,695 | -39.8% |
| Profit (loss) for the period to be appropriated | 9905 | €34,386 | €20,691 | -€13,695 | -39.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.