REDT: 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.
REDT
Largest movements
- Cash -€48,642
down €48,642 (-35.6%), from €136,573 to €87,931
mainly Contributions, distributions and other (-€70,588) and Current investments (-€37,276)
- Current investments +€37,276
up €37,276 (+78.5%), from €47,510 to €84,787
- Receivables within one year +€6,336
up €6,336 (+45.4%), from €13,945 to €20,282
of which Other amounts receivable: +€7,781
- Tangible fixed assets -€5,066
down €5,066 (-17.3%), from €29,257 to €24,191
of which Furniture and vehicles: -€8,606
- Deferred charges and accrued income -€3,001
down €3,001 (-52.6%), from €5,707 to €2,706
- Reserves -€57,415
down €57,415 (-30.2%), from €190,354 to €132,940
- Other debts +€51,578
up €51,578 (+3185.5%), from €1,619 to €53,197
- Debts after one year -€12,946
down €12,946 (-79.7%), from €16,240 to €3,294
- Tax, wage and social debts +€3,556
up €3,556 (+42.9%), from €8,289 to €11,845
of which Taxes: +€3,542
- Gross operating margin -€86,553
down €86,553 (-70.6%), from €122,544 to €35,991
- Taxes -€15,744
down €15,744 (-67.7%), from €23,266 to €7,522
- Financial income +€2,282
up €2,282 (+614.7%), from €371 to €2,653
- Financial charges +€2,008
up €2,008 (+590.8%), from €340 to €2,348
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 | €232,993 | €219,897 | -€13,097 | -5.6% |
| Fixed assets | 21/28 | €29,257 | €24,191 | -€5,066 | -17.3% |
| Tangible fixed assets | 22/27 | €29,257 | €24,191 | -€5,066 | -17.3% |
| Land and buildings | 22 | - | €3,540 | +€3,540 | |
| Furniture and vehicles | 24 | €29,257 | €20,651 | -€8,606 | -29.4% |
| Current assets | 29/58 | €203,736 | €195,706 | -€8,030 | -3.9% |
| Amounts receivable within one year | 40/41 | €13,945 | €20,282 | +€6,336 | +45.4% |
| Trade receivables | 40 | €13,095 | €11,651 | -€1,444 | -11.0% |
| Other amounts receivable | 41 | €850 | €8,631 | +€7,781 | +915.0% |
| Current investments | 50/53 | €47,510 | €84,787 | +€37,276 | +78.5% |
| Cash at bank and in hand | 54/58 | €136,573 | €87,931 | -€48,642 | -35.6% |
| Deferred charges and accrued income | 490/1 | €5,707 | €2,706 | -€3,001 | -52.6% |
| Total equity and liabilities | 10/49 | €232,993 | €219,897 | -€13,097 | -5.6% |
| Equity | 10/15 | €193,354 | €135,940 | -€57,415 | -29.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €190,354 | €132,940 | -€57,415 | -30.2% |
| Distributable reserves | 133 | €190,354 | €132,940 | -€57,415 | -30.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €39,639 | €83,957 | +€44,318 | +111.8% |
| Amounts payable after more than one year | 17 | €16,240 | €3,294 | -€12,946 | -79.7% |
| Financial debts | 170/4 | €16,240 | €3,294 | -€12,946 | -79.7% |
| Amounts payable within one year | 42/48 | €23,398 | €80,556 | +€57,157 | +244.3% |
| Current portion of amounts payable after more than one year | 42 | €12,584 | €12,946 | +€363 | +2.9% |
| Trade debts | 44 | €907 | €2,568 | +€1,661 | +183.2% |
| Suppliers | 440/4 | €907 | €2,568 | +€1,661 | +183.2% |
| Taxes, remuneration and social security | 45 | €8,289 | €11,845 | +€3,556 | +42.9% |
| Taxes | 450/3 | €6,414 | €9,956 | +€3,542 | +55.2% |
| Remuneration and social security | 454/9 | €1,874 | €1,889 | +€14 | +0.8% |
| Other amounts payable | 47/48 | €1,619 | €53,197 | +€51,578 | +3185.5% |
| Accrued charges and deferred income | 492/3 | - | €107 | +€107 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,816 | €14,527 | +€711 | +5.1% |
| Other operating charges | 640/8 | €463 | €1,074 | +€610 | +131.8% |
| Gross operating margin | 9900 | €122,544 | €35,991 | -€86,553 | -70.6% |
| Operating profit (loss) | 9901 | €108,265 | €20,391 | -€87,874 | -81.2% |
| Financial income | 75/76B | €371 | €2,653 | +€2,282 | +614.7% |
| Recurring financial income | 75 | €371 | €2,653 | +€2,282 | +614.7% |
| Financial charges | 65/66B | €340 | €2,348 | +€2,008 | +590.8% |
| Recurring financial charges | 65 | €340 | €2,348 | +€2,008 | +590.8% |
| Profit (loss) for the period before taxes | 9903 | €108,296 | €20,696 | -€87,600 | -80.9% |
| Income taxes | 67/77 | €23,266 | €7,522 | -€15,744 | -67.7% |
| Profit (loss) for the period | 9904 | €85,030 | €13,174 | -€71,857 | -84.5% |
| Profit (loss) for the period to be appropriated | 9905 | €85,030 | €13,174 | -€71,857 | -84.5% |
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 10 October 2026 via checked.be.