REDUM-Consulting: 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.
REDUM-Consulting
Largest movements
- Receivables within one year -€35,321
down €35,321 (-77.6%), from €45,524 to €10,204
of which Other amounts receivable: -€22,139
- Tangible fixed assets -€28,644
down €28,644 (-33.7%), from €85,027 to €56,383
of which Furniture and vehicles: -€21,035
- Receivables after one year -€17,262
down €17,262 (-37.2%), from €46,354 to €29,092
- Cash +€14,421
up €14,421 (+9.0%), from €159,805 to €174,226
mainly Net result for the year (+€50,870) and Receivables within one year (+€35,321)
- Deferred charges and accrued income -€5,805
down €5,805 (-81.5%), from €7,126 to €1,321
- Reserves -€62,630
down €62,630 (-40.7%), from €153,743 to €91,113
- Other debts +€21,273
up €21,273 (+22.9%), from €92,955 to €114,229
- Debts after one year -€16,758
down €16,758 (-51.2%), from €32,735 to €15,977
- Trade debts -€9,857
down €9,857 (-79.2%), from €12,442 to €2,585
- Current portion of long-term debt -€6,369
down €6,369 (-21.6%), from €29,550 to €23,181
- Write-downs -€7,570
down €7,570, from €5,170 to -€2,400
- Gross operating margin -€5,874
down €5,874 (-5.3%), from €109,798 to €103,924
- Depreciation -€5,863
down €5,863 (-16.2%), from €36,106 to €30,243
- Financial income -€4,112
down €4,112 (-82.7%), from €4,971 to €859
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 | €343,836 | €271,226 | -€72,611 | -21.1% |
| Fixed assets | 21/28 | €85,027 | €56,383 | -€28,644 | -33.7% |
| Tangible fixed assets | 22/27 | €85,027 | €56,383 | -€28,644 | -33.7% |
| Plant, machinery and equipment | 23 | €3,236 | €1,327 | -€1,909 | -59.0% |
| Furniture and vehicles | 24 | €53,583 | €32,548 | -€21,035 | -39.3% |
| Other tangible fixed assets | 26 | €28,208 | €22,508 | -€5,700 | -20.2% |
| Current assets | 29/58 | €258,809 | €214,842 | -€43,967 | -17.0% |
| Amounts receivable after more than one year | 29 | €46,354 | €29,092 | -€17,262 | -37.2% |
| Other amounts receivable | 291 | €46,354 | €29,092 | -€17,262 | -37.2% |
| Amounts receivable within one year | 40/41 | €45,524 | €10,204 | -€35,321 | -77.6% |
| Trade receivables | 40 | €21,432 | €8,250 | -€13,182 | -61.5% |
| Other amounts receivable | 41 | €24,093 | €1,954 | -€22,139 | -91.9% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €159,805 | €174,226 | +€14,421 | +9.0% |
| Deferred charges and accrued income | 490/1 | €7,126 | €1,321 | -€5,805 | -81.5% |
| Total equity and liabilities | 10/49 | €343,836 | €271,226 | -€72,611 | -21.1% |
| Equity | 10/15 | €172,343 | €109,713 | -€62,630 | -36.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €153,743 | €91,113 | -€62,630 | -40.7% |
| Distributable reserves | 133 | €153,743 | €91,113 | -€62,630 | -40.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €171,494 | €161,513 | -€9,981 | -5.8% |
| Amounts payable after more than one year | 17 | €32,735 | €15,977 | -€16,758 | -51.2% |
| Financial debts | 170/4 | €32,735 | €15,977 | -€16,758 | -51.2% |
| Amounts payable within one year | 42/48 | €138,759 | €145,536 | +€6,777 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €29,550 | €23,181 | -€6,369 | -21.6% |
| Financial debts | 43 | €1,662 | €1,080 | -€582 | -35.0% |
| Credit institutions | 430/8 | €1,662 | €1,080 | -€582 | -35.0% |
| Trade debts | 44 | €12,442 | €2,585 | -€9,857 | -79.2% |
| Suppliers | 440/4 | €12,442 | €2,585 | -€9,857 | -79.2% |
| Taxes, remuneration and social security | 45 | €2,150 | €4,461 | +€2,311 | +108% |
| Taxes | 450/3 | €1,150 | €1,961 | +€811 | +70.6% |
| Remuneration and social security | 454/9 | €1,000 | €2,500 | +€1,500 | +150% |
| Other amounts payable | 47/48 | €92,955 | €114,229 | +€21,273 | +22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,106 | €30,243 | -€5,863 | -16.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,170 | -€2,400 | -€7,570 | |
| Other operating charges | 640/8 | €3,950 | €3,968 | +€18 | +0.5% |
| Gross operating margin | 9900 | €109,798 | €103,924 | -€5,874 | -5.3% |
| Operating profit (loss) | 9901 | €64,572 | €72,112 | +€7,540 | +11.7% |
| Financial income | 75/76B | €4,971 | €859 | -€4,112 | -82.7% |
| Recurring financial income | 75 | €4,971 | €859 | -€4,112 | -82.7% |
| Financial charges | 65/66B | €4,869 | €4,009 | -€860 | -17.7% |
| Recurring financial charges | 65 | €4,869 | €4,009 | -€860 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | €64,674 | €68,962 | +€4,288 | +6.6% |
| Income taxes | 67/77 | €17,820 | €18,092 | +€272 | +1.5% |
| Profit (loss) for the period | 9904 | €46,853 | €50,870 | +€4,017 | +8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €46,853 | €50,870 | +€4,017 | +8.6% |
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 21 October 2026 via checked.be.