REDSTONE: what changed
Two fiscal 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.
REDSTONE
Largest movements
- Current investments -€14,980
down €14,980 (-99.7%), from €15,027 to €47
- Cash -€12,527
down €12,527 (-49.1%), from €25,508 to €12,982
mainly Net result for the year (-€18,598) and Trade debts (-€9,155)
- Receivables within one year -€9,323
down €9,323 (-7.2%), from €129,921 to €120,598
of which Trade receivables: -€12,705
- Profit (loss) carried forward -€18,598
down €18,598 (-12.9%), from €144,487 to €125,889
- Trade debts -€9,155
down €9,155 (-85.9%), from €10,655 to €1,500
- Tax, wage and social debts -€7,917
down €7,917 (-96.6%), from €8,199 to €282
- Purchases and services -€109,100
down €109,100 (-84.3%), from €129,382 to €20,283
- Gross operating margin -€56,525
down €56,525, from €39,759 to -€16,767
- Other operating charges -€32,354
down €32,354 (-95.9%), from €33,721 to €1,367
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 | €172,486 | €135,727 | -€36,759 | -21.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €868 | €868 | = | 0.0% |
| Tangible fixed assets | 22/27 | €868 | €868 | = | 0.0% |
| Land and buildings | 22 | €868 | €868 | = | 0.0% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €171,618 | €134,859 | -€36,759 | -21.4% |
| Amounts receivable within one year | 40/41 | €129,921 | €120,598 | -€9,323 | -7.2% |
| Trade receivables | 40 | €54,321 | €41,616 | -€12,705 | -23.4% |
| Other amounts receivable | 41 | €75,600 | €78,982 | +€3,382 | +4.5% |
| Current investments | 50/53 | €15,027 | €47 | -€14,980 | -99.7% |
| Cash at bank and in hand | 54/58 | €25,508 | €12,982 | -€12,527 | -49.1% |
| Deferred charges and accrued income | 490/1 | €1,162 | €1,232 | +€70 | +6.0% |
| Total equity and liabilities | 10/49 | €172,486 | €135,727 | -€36,759 | -21.3% |
| Equity | 10/15 | €152,543 | €133,945 | -€18,598 | -12.2% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €144,487 | €125,889 | -€18,598 | -12.9% |
| Amounts payable | 17/49 | €19,943 | €1,782 | -€18,161 | -91.1% |
| Amounts payable within one year | 42/48 | €19,943 | €1,782 | -€18,161 | -91.1% |
| Trade debts | 44 | €10,655 | €1,500 | -€9,155 | -85.9% |
| Suppliers | 440/4 | €10,655 | €1,500 | -€9,155 | -85.9% |
| Taxes, remuneration and social security | 45 | €8,199 | €282 | -€7,917 | -96.6% |
| Taxes | 450/3 | €8,199 | €282 | -€7,917 | -96.6% |
| Other amounts payable | 47/48 | €1,089 | - | -€1,089 | |
| Goods, raw materials, services and sundry goods | 60/61 | €129,382 | €20,283 | -€109,100 | -84.3% |
| Other operating charges | 640/8 | €33,721 | €1,367 | -€32,354 | -95.9% |
| Gross operating margin | 9900 | €39,759 | -€16,767 | -€56,525 | |
| Operating profit (loss) | 9901 | €6,038 | -€18,134 | -€24,172 | |
| Financial income | 75/76B | €0 | €79 | +€79 | +132266.7% |
| Recurring financial income | 75 | €0 | €79 | +€79 | +132266.7% |
| Financial charges | 65/66B | €192 | €253 | +€62 | +32.1% |
| Recurring financial charges | 65 | €192 | €253 | +€62 | +32.1% |
| Profit (loss) for the period before taxes | 9903 | €5,846 | -€18,308 | -€24,154 | |
| Income taxes | 67/77 | €349 | €290 | -€58 | -16.7% |
| Profit (loss) for the period | 9904 | €5,497 | -€18,598 | -€24,095 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,497 | -€18,598 | -€24,095 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.