REDSOF: 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.
REDSOF
Largest movements
- Tangible fixed assets -€4,207
down €4,207 (-41.7%), from €10,080 to €5,873
- Receivables within one year -€2,589
down €2,589 (-63.0%), from €4,109 to €1,520
of which Trade receivables: -€1,302
- Cash +€2,346
up €2,346 (+46.6%), from €5,036 to €7,383
mainly Trade debts (+€4,284) and Depreciation (+€4,207)
- Deferred charges and accrued income -€430
no longer reported in 2025 (was €430)
- Profit (loss) carried forward -€7,126
down €7,126 (-84.9%), from -€8,391 to -€15,517
- Trade debts +€4,284
up €4,284 (+59.6%), from €7,191 to €11,475
- Other debts -€2,062
no longer reported in 2025 (was €2,062)
- Gross operating margin -€6,210
down €6,210, from €5,621 to -€589
- Other operating charges +€1,413
up €1,413 (+188.6%), from €749 to €2,162
- Depreciation -€1,052
down €1,052 (-20.0%), from €5,259 to €4,207
- Financial charges +€124
up €124 (+243.4%), from €51 to €175
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.
Cash bridge derived
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 | €19,655 | €14,776 | -€4,879 | -24.8% |
| Fixed assets | 21/28 | €10,080 | €5,873 | -€4,207 | -41.7% |
| Tangible fixed assets | 22/27 | €10,080 | €5,873 | -€4,207 | -41.7% |
| Furniture and vehicles | 24 | €10,080 | €5,873 | -€4,207 | -41.7% |
| Current assets | 29/58 | €9,575 | €8,903 | -€672 | -7.0% |
| Amounts receivable within one year | 40/41 | €4,109 | €1,520 | -€2,589 | -63.0% |
| Trade receivables | 40 | €1,553 | €251 | -€1,302 | -83.8% |
| Other amounts receivable | 41 | €2,556 | €1,269 | -€1,287 | -50.3% |
| Cash at bank and in hand | 54/58 | €5,036 | €7,383 | +€2,346 | +46.6% |
| Deferred charges and accrued income | 490/1 | €430 | - | -€430 | |
| Total equity and liabilities | 10/49 | €19,655 | €14,776 | -€4,879 | -24.8% |
| Equity | 10/15 | €10,401 | €3,275 | -€7,126 | -68.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €193 | €193 | = | 0.0% |
| Non-distributable reserves | 130/1 | €193 | €193 | = | 0.0% |
| Legal reserve | 130 | €193 | - | -€193 | |
| Other | 1319 | - | €193 | +€193 | |
| Profit (loss) carried forward | 14 | -€8,391 | -€15,517 | -€7,126 | -84.9% |
| Amounts payable | 17/49 | €9,254 | €11,501 | +€2,247 | +24.3% |
| Amounts payable within one year | 42/48 | €9,254 | €11,501 | +€2,247 | +24.3% |
| Trade debts | 44 | €7,191 | €11,475 | +€4,284 | +59.6% |
| Suppliers | 440/4 | €7,191 | €11,475 | +€4,284 | +59.6% |
| Taxes, remuneration and social security | 45 | - | €25 | +€25 | |
| Taxes | 450/3 | - | €25 | +€25 | |
| Other amounts payable | 47/48 | €2,062 | - | -€2,062 | |
| Non-recurring operating income | 76A | €4,980 | - | -€4,980 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,259 | €4,207 | -€1,052 | -20.0% |
| Other operating charges | 640/8 | €749 | €2,162 | +€1,413 | +188.6% |
| Gross operating margin | 9900 | €5,621 | -€589 | -€6,210 | |
| Operating profit (loss) | 9901 | -€387 | -€6,959 | -€6,572 | -1698.1% |
| Financial income | 75/76B | - | €8 | +€8 | |
| Recurring financial income | 75 | - | €8 | +€8 | |
| Financial charges | 65/66B | €51 | €175 | +€124 | +243.4% |
| Recurring financial charges | 65 | €51 | €175 | +€124 | +243.4% |
| Profit (loss) for the period before taxes | 9903 | -€438 | -€7,126 | -€6,688 | -1527.0% |
| Profit (loss) for the period | 9904 | -€438 | -€7,126 | -€6,688 | -1527.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€438 | -€7,126 | -€6,688 | -1527.0% |
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 11 October 2026 via checked.be.