REDPOINT: 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.
REDPOINT
Largest movements
- Cash +€133,097
up €133,097 (+79.5%), from €167,339 to €300,436
mainly Net result for the year (+€119,053) and Depreciation (+€13,304)
- Tangible fixed assets -€11,919
down €11,919 (-23.6%), from €50,405 to €38,486
of which Furniture and vehicles: -€10,770
- Receivables within one year +€8,751
up €8,751 (+48.5%), from €18,051 to €26,802
of which Trade receivables: +€8,783
- Reserves +€119,053
up €119,053 (+63.8%), from €186,673 to €305,726
- Tax, wage and social debts +€12,459
up €12,459 (+33.7%), from €36,972 to €49,431
of which Taxes: +€12,441
- Gross operating margin +€32,876
up €32,876 (+24.6%), from €133,582 to €166,457
- Taxes +€8,238
up €8,238 (+32.6%), from €25,269 to €33,507
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 | €237,800 | €367,597 | +€129,797 | +54.6% |
| Fixed assets | 21/28 | €50,405 | €38,486 | -€11,919 | -23.6% |
| Tangible fixed assets | 22/27 | €50,405 | €38,486 | -€11,919 | -23.6% |
| Plant, machinery and equipment | 23 | €612 | €463 | -€149 | -24.3% |
| Furniture and vehicles | 24 | €40,782 | €30,011 | -€10,770 | -26.4% |
| Other tangible fixed assets | 26 | €9,011 | €8,011 | -€1,000 | -11.1% |
| Current assets | 29/58 | €187,395 | €329,111 | +€141,716 | +75.6% |
| Amounts receivable within one year | 40/41 | €18,051 | €26,802 | +€8,751 | +48.5% |
| Trade receivables | 40 | €17,997 | €26,780 | +€8,783 | +48.8% |
| Other amounts receivable | 41 | €54 | €22 | -€32 | -59.5% |
| Cash at bank and in hand | 54/58 | €167,339 | €300,436 | +€133,097 | +79.5% |
| Deferred charges and accrued income | 490/1 | €2,005 | €1,873 | -€132 | -6.6% |
| Total equity and liabilities | 10/49 | €237,800 | €367,597 | +€129,797 | +54.6% |
| Equity | 10/15 | €196,673 | €315,726 | +€119,053 | +60.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €186,673 | €305,726 | +€119,053 | +63.8% |
| Distributable reserves | 133 | €186,673 | €305,726 | +€119,053 | +63.8% |
| Amounts payable | 17/49 | €41,127 | €51,871 | +€10,744 | +26.1% |
| Amounts payable within one year | 42/48 | €40,127 | €51,871 | +€11,744 | +29.3% |
| Trade debts | 44 | €2,777 | €2,041 | -€736 | -26.5% |
| Suppliers | 440/4 | €2,777 | €2,041 | -€736 | -26.5% |
| Taxes, remuneration and social security | 45 | €36,972 | €49,431 | +€12,459 | +33.7% |
| Taxes | 450/3 | €34,745 | €47,185 | +€12,441 | +35.8% |
| Remuneration and social security | 454/9 | €2,227 | €2,245 | +€18 | +0.8% |
| Other amounts payable | 47/48 | €378 | €399 | +€21 | +5.5% |
| Accrued charges and deferred income | 492/3 | €1,000 | €0 | -€1,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,042 | €13,304 | +€262 | +2.0% |
| Other operating charges | 640/8 | €397 | €524 | +€128 | +32.2% |
| Gross operating margin | 9900 | €133,582 | €166,457 | +€32,876 | +24.6% |
| Operating profit (loss) | 9901 | €120,143 | €152,629 | +€32,486 | +27.0% |
| Financial charges | 65/66B | €41 | €69 | +€28 | +69.5% |
| Recurring financial charges | 65 | €41 | €69 | +€28 | +69.5% |
| Profit (loss) for the period before taxes | 9903 | €120,102 | €152,560 | +€32,457 | +27.0% |
| Income taxes | 67/77 | €25,269 | €33,507 | +€8,238 | +32.6% |
| Profit (loss) for the period | 9904 | €94,834 | €119,053 | +€24,219 | +25.5% |
| Profit (loss) for the period to be appropriated | 9905 | €94,834 | €119,053 | +€24,219 | +25.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.