Redtax: 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.
Redtax
Largest movements
- Tangible fixed assets -€102,352
down €102,352 (-57.7%), from €177,460 to €75,107
of which Furniture and vehicles: -€93,954
- Receivables within one year +€94,141
up €94,141 (+61.4%), from €153,433 to €247,574
of which Trade receivables: +€56,644
- Receivables after one year +€21,650
new in 2025: €21,650
- Deferred charges and accrued income +€5,564
up €5,564 (+740%), from €752 to €6,316
- Debts after one year -€58,690
down €58,690 (-52.8%), from €111,169 to €52,479
- Advances received +€35,740
up €35,740 (+717%), from €4,986 to €40,725
- Reserves +€22,549
up €22,549 (+115%), from €19,550 to €42,099
of which Distributable reserves: +€22,549
- Tax, wage and social debts +€21,096
up €21,096 (+110%), from €19,144 to €40,240
of which Taxes: +€12,805
- Trade debts +€13,764
up €13,764 (+50.1%), from €27,465 to €41,229
- Gross operating margin +€109,097
up €109,097 (+33.4%), from €326,206 to €435,303
- Staff costs +€76,063
up €76,063 (+35.1%), from €216,418 to €292,482
- Financial charges +€46,508
up €46,508 (+362%), from €12,864 to €59,372
of which Non-recurring financial charges: +€43,743
- Depreciation -€20,087
down €20,087 (-31.7%), from €63,359 to €43,273
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 | €333,197 | €352,711 | +€19,514 | +5.9% |
| Fixed assets | 21/28 | €177,580 | €75,227 | -€102,352 | -57.6% |
| Tangible fixed assets | 22/27 | €177,460 | €75,107 | -€102,352 | -57.7% |
| Furniture and vehicles | 24 | €133,209 | €39,255 | -€93,954 | -70.5% |
| Other tangible fixed assets | 26 | €44,251 | €35,852 | -€8,399 | -19.0% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €155,617 | €277,484 | +€121,867 | +78.3% |
| Amounts receivable after more than one year | 29 | - | €21,650 | +€21,650 | |
| Other amounts receivable | 291 | - | €21,650 | +€21,650 | |
| Amounts receivable within one year | 40/41 | €153,433 | €247,574 | +€94,141 | +61.4% |
| Trade receivables | 40 | €57,843 | €114,488 | +€56,644 | +97.9% |
| Other amounts receivable | 41 | €95,590 | €133,086 | +€37,496 | +39.2% |
| Cash at bank and in hand | 54/58 | €1,432 | €1,944 | +€512 | +35.8% |
| Deferred charges and accrued income | 490/1 | €752 | €6,316 | +€5,564 | +740% |
| Total equity and liabilities | 10/49 | €333,197 | €352,711 | +€19,514 | +5.9% |
| Equity | 10/15 | €68,016 | €90,564 | +€22,549 | +33.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €19,550 | €42,099 | +€22,549 | +115% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €17,691 | €40,240 | +€22,549 | +127% |
| Profit (loss) carried forward | 14 | €29,873 | €29,873 | = | 0.0% |
| Amounts payable | 17/49 | €265,181 | €262,147 | -€3,034 | -1.1% |
| Amounts payable after more than one year | 17 | €111,169 | €52,479 | -€58,690 | -52.8% |
| Financial debts | 170/4 | €111,169 | €52,479 | -€58,690 | -52.8% |
| Amounts payable within one year | 42/48 | €154,012 | €209,051 | +€55,039 | +35.7% |
| Current portion of amounts payable after more than one year | 42 | €75,919 | €65,973 | -€9,946 | -13.1% |
| Financial debts | 43 | €17,920 | €19,880 | +€1,961 | +10.9% |
| Credit institutions | 430/8 | €17,920 | €19,880 | +€1,961 | +10.9% |
| Trade debts | 44 | €27,465 | €41,229 | +€13,764 | +50.1% |
| Suppliers | 440/4 | €27,465 | €41,229 | +€13,764 | +50.1% |
| Advances received on contracts in progress | 46 | €4,986 | €40,725 | +€35,740 | +717% |
| Taxes, remuneration and social security | 45 | €19,144 | €40,240 | +€21,096 | +110% |
| Taxes | 450/3 | €980 | €13,786 | +€12,805 | +1,306% |
| Remuneration and social security | 454/9 | €18,164 | €26,454 | +€8,291 | +45.6% |
| Other amounts payable | 47/48 | €8,579 | €1,004 | -€7,575 | -88.3% |
| Accrued charges and deferred income | 492/3 | - | €617 | +€617 | |
| Remuneration, social security and pensions | 62 | €216,418 | €292,482 | +€76,063 | +35.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,359 | €43,273 | -€20,087 | -31.7% |
| Other operating charges | 640/8 | €9,974 | €10,030 | +€56 | +0.6% |
| Gross operating margin | 9900 | €326,206 | €435,303 | +€109,097 | +33.4% |
| Operating profit (loss) | 9901 | €36,454 | €89,518 | +€53,064 | +146% |
| Financial income | 75/76B | €2 | €2,364 | +€2,362 | +137,345% |
| Recurring financial income | 75 | €2 | €379 | +€377 | +21,934% |
| Non-recurring financial income | 76B | - | €1,985 | +€1,985 | |
| Financial charges | 65/66B | €12,864 | €59,372 | +€46,508 | +362% |
| Recurring financial charges | 65 | €12,732 | €15,497 | +€2,765 | +21.7% |
| Non-recurring financial charges | 66B | €132 | €43,875 | +€43,743 | +33,134% |
| Profit (loss) for the period before taxes | 9903 | €23,592 | €32,511 | +€8,919 | +37.8% |
| Income taxes | 67/77 | €5,900 | €9,962 | +€4,061 | +68.8% |
| Profit (loss) for the period | 9904 | €17,691 | €22,549 | +€4,858 | +27.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,691 | €22,549 | +€4,858 | +27.5% |
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 24 October 2026 via checked.be.