REDRUMUSIC: 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.
REDRUMUSIC
Largest movements
- Tangible fixed assets +€14,343
up €14,343 (+112%), from €12,807 to €27,150
of which Furniture and vehicles: +€16,862
- Receivables within one year +€5,436
up €5,436 (+4,250%), from €128 to €5,564
of which Trade receivables: +€5,436
- Cash -€2,181
down €2,181 (-46.8%), from €4,656 to €2,475
mainly Investment in fixed assets (net) (-€19,065) and Receivables within one year (-€5,436)
- Other debts +€14,070
up €14,070 (+160%), from €8,815 to €22,885
- Debts after one year -€2,644
down €2,644 (-85.2%), from €3,102 to €459
- Profit (loss) carried forward +€2,283
up €2,283 (+19.8%), from -€11,531 to -€9,249
- Tax, wage and social debts +€1,992
up €1,992 (+97.3%), from €2,047 to €4,039
of which Taxes: +€1,981
- Trade debts +€1,900
up €1,900 (+46.9%), from €4,048 to €5,948
- Gross operating margin +€15,544
up €15,544, from -€4,961 to €10,582
- Other operating charges +€2,216
up €2,216 (+288%), from €771 to €2,986
- Depreciation +€323
up €323 (+7.3%), from €4,399 to €4,722
- Financial charges -€236
down €236 (-31.2%), from €756 to €520
- Financial income -€110
no longer reported in 2025 (was €110)
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 | €21,349 | €39,126 | +€17,777 | +83.3% |
| Fixed assets | 21/28 | €12,807 | €27,150 | +€14,343 | +112% |
| Tangible fixed assets | 22/27 | €12,807 | €27,150 | +€14,343 | +112% |
| Plant, machinery and equipment | 23 | €6,174 | €4,161 | -€2,013 | -32.6% |
| Furniture and vehicles | 24 | €5,233 | €22,094 | +€16,862 | +322% |
| Leasing and similar rights | 25 | €1,401 | €895 | -€506 | -36.1% |
| Current assets | 29/58 | €8,542 | €11,976 | +€3,434 | +40.2% |
| Amounts receivable within one year | 40/41 | €128 | €5,564 | +€5,436 | +4,250% |
| Trade receivables | 40 | - | €5,436 | +€5,436 | |
| Other amounts receivable | 41 | €128 | €128 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,656 | €2,475 | -€2,181 | -46.8% |
| Deferred charges and accrued income | 490/1 | €3,758 | €3,938 | +€179 | +4.8% |
| Total equity and liabilities | 10/49 | €21,349 | €39,126 | +€17,777 | +83.3% |
| Equity | 10/15 | €869 | €3,151 | +€2,283 | +263% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,531 | -€9,249 | +€2,283 | +19.8% |
| Amounts payable | 17/49 | €20,480 | €35,975 | +€15,494 | +75.7% |
| Amounts payable after more than one year | 17 | €3,102 | €459 | -€2,644 | -85.2% |
| Financial debts | 170/4 | €3,102 | €459 | -€2,644 | -85.2% |
| Amounts payable within one year | 42/48 | €17,378 | €35,516 | +€18,138 | +104% |
| Current portion of amounts payable after more than one year | 42 | €2,468 | €2,644 | +€176 | +7.1% |
| Trade debts | 44 | €4,048 | €5,948 | +€1,900 | +46.9% |
| Suppliers | 440/4 | €4,048 | €5,948 | +€1,900 | +46.9% |
| Taxes, remuneration and social security | 45 | €2,047 | €4,039 | +€1,992 | +97.3% |
| Taxes | 450/3 | €1,081 | €3,062 | +€1,981 | +183% |
| Remuneration and social security | 454/9 | €966 | €977 | +€11 | +1.2% |
| Other amounts payable | 47/48 | €8,815 | €22,885 | +€14,070 | +160% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,399 | €4,722 | +€323 | +7.3% |
| Other operating charges | 640/8 | €771 | €2,986 | +€2,216 | +288% |
| Gross operating margin | 9900 | -€4,961 | €10,582 | +€15,544 | |
| Operating profit (loss) | 9901 | -€10,131 | €2,874 | +€13,005 | |
| Financial income | 75/76B | €110 | - | -€110 | |
| Recurring financial income | 75 | €110 | - | -€110 | |
| Financial charges | 65/66B | €756 | €520 | -€236 | -31.2% |
| Recurring financial charges | 65 | €756 | €520 | -€236 | -31.2% |
| Profit (loss) for the period before taxes | 9903 | -€10,777 | €2,354 | +€13,131 | |
| Income taxes | 67/77 | - | €71 | +€71 | |
| Profit (loss) for the period | 9904 | -€10,777 | €2,283 | +€13,060 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,777 | €2,283 | +€13,060 |
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 16 October 2026 via checked.be.