REDTRANS: 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.
REDTRANS
Largest movements
- Receivables within one year +€61,935
up €61,935 (+43.7%), from €141,743 to €203,678
of which Trade receivables: +€70,942
- Cash +€7,345
up €7,345 (+6.3%), from €116,573 to €123,918
mainly Trade debts (+€41,773) and Net result for the year (+€27,098)
- Deferred charges and accrued income +€4,111
up €4,111 (+105.7%), from €3,889 to €8,000
- Trade debts +€41,773
up €41,773 (+93.8%), from €44,523 to €86,297
- Profit (loss) carried forward +€27,098
up €27,098 (+31.7%), from €85,549 to €112,647
- Tax, wage and social debts +€16,064
up €16,064 (+20.5%), from €78,458 to €94,522
of which Taxes: +€14,927
- Other debts -€13,534
down €13,534 (-97.5%), from €13,878 to €344
- Gross operating margin +€242,881
up €242,881 (+71.3%), from €340,592 to €583,473
- Staff costs +€235,001
up €235,001 (+78.6%), from €299,061 to €534,062
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 | €269,780 | €341,181 | +€71,401 | +26.5% |
| Fixed assets | 21/28 | €7,575 | €5,585 | -€1,990 | -26.3% |
| Tangible fixed assets | 22/27 | €7,575 | €5,585 | -€1,990 | -26.3% |
| Plant, machinery and equipment | 23 | €1,121 | €1,852 | +€730 | +65.1% |
| Furniture and vehicles | 24 | €6,453 | €3,733 | -€2,720 | -42.1% |
| Current assets | 29/58 | €262,205 | €335,596 | +€73,391 | +28.0% |
| Amounts receivable within one year | 40/41 | €141,743 | €203,678 | +€61,935 | +43.7% |
| Trade receivables | 40 | €132,736 | €203,678 | +€70,942 | +53.4% |
| Other amounts receivable | 41 | €9,007 | - | -€9,007 | |
| Cash at bank and in hand | 54/58 | €116,573 | €123,918 | +€7,345 | +6.3% |
| Deferred charges and accrued income | 490/1 | €3,889 | €8,000 | +€4,111 | +105.7% |
| Total equity and liabilities | 10/49 | €269,780 | €341,181 | +€71,401 | +26.5% |
| Equity | 10/15 | €132,920 | €160,018 | +€27,098 | +20.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €41,171 | €41,171 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,171 | €1,171 | = | 0.0% |
| Legal reserve | 130 | €1,171 | €1,171 | = | 0.0% |
| Distributable reserves | 133 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,549 | €112,647 | +€27,098 | +31.7% |
| Amounts payable | 17/49 | €136,860 | €181,163 | +€44,303 | +32.4% |
| Amounts payable within one year | 42/48 | €136,860 | €181,163 | +€44,303 | +32.4% |
| Trade debts | 44 | €44,523 | €86,297 | +€41,773 | +93.8% |
| Suppliers | 440/4 | €44,523 | €86,297 | +€41,773 | +93.8% |
| Taxes, remuneration and social security | 45 | €78,458 | €94,522 | +€16,064 | +20.5% |
| Taxes | 450/3 | €16,785 | €31,713 | +€14,927 | +88.9% |
| Remuneration and social security | 454/9 | €61,673 | €62,809 | +€1,136 | +1.8% |
| Other amounts payable | 47/48 | €13,878 | €344 | -€13,534 | -97.5% |
| Non-recurring operating income | 76A | €16,343 | - | -€16,343 | |
| Remuneration, social security and pensions | 62 | €299,061 | €534,062 | +€235,001 | +78.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,227 | €3,023 | -€204 | -6.3% |
| Other operating charges | 640/8 | €7,099 | €8,412 | +€1,313 | +18.5% |
| Gross operating margin | 9900 | €340,592 | €583,473 | +€242,881 | +71.3% |
| Operating profit (loss) | 9901 | €31,205 | €37,977 | +€6,771 | +21.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -50.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -50.0% |
| Financial charges | 65/66B | €409 | €434 | +€25 | +6.1% |
| Recurring financial charges | 65 | €409 | €434 | +€25 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €30,796 | €37,542 | +€6,747 | +21.9% |
| Income taxes | 67/77 | €13,470 | €10,444 | -€3,026 | -22.5% |
| Profit (loss) for the period | 9904 | €17,326 | €27,098 | +€9,772 | +56.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,326 | €27,098 | +€9,772 | +56.4% |
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 5 October 2026 via checked.be.