REDWAY: 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.
REDWAY
Largest movements
- Receivables within one year -€81,645
down €81,645 (-90.1%), from €90,647 to €9,002
of which Trade receivables: -€84,798
- Tangible fixed assets -€9,223
down €9,223 (-10.9%), from €84,346 to €75,123
of which Other tangible fixed assets: -€8,130
- Cash +€6,300
up €6,300 (+243%), from €2,595 to €8,895
mainly Receivables within one year (+€81,645) and Depreciation (+€12,605)
- Trade debts -€62,278
down €62,278 (-87.0%), from €71,577 to €9,299
- Advances received -€15,981
no longer reported in 2025 (was €15,981)
- Other debts -€4,400
down €4,400 (-8.5%), from €52,060 to €47,660
- Tax, wage and social debts -€4,082
down €4,082 (-20.0%), from €20,390 to €16,308
of which Remuneration and social security: -€4,579
- Profit (loss) carried forward +€2,173
up €2,173 (+10.3%), from €21,130 to €23,303
- Gross operating margin -€7,147
down €7,147 (-31.3%), from €22,863 to €15,716
- Depreciation +€3,014
up €3,014 (+31.4%), from €9,591 to €12,605
- Financial income -€1,870
no longer reported in 2025 (was €1,870)
- Taxes +€589
new in 2025: €589
- Financial charges -€279
down €279 (-72.5%), from €385 to €106
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 | €183,138 | €98,570 | -€84,568 | -46.2% |
| Fixed assets | 21/28 | €89,896 | €80,673 | -€9,223 | -10.3% |
| Tangible fixed assets | 22/27 | €84,346 | €75,123 | -€9,223 | -10.9% |
| Furniture and vehicles | 24 | €8,652 | €7,559 | -€1,093 | -12.6% |
| Other tangible fixed assets | 26 | €75,694 | €67,564 | -€8,130 | -10.7% |
| Financial fixed assets | 28 | €5,550 | €5,550 | = | 0.0% |
| Current assets | 29/58 | €93,242 | €17,897 | -€75,345 | -80.8% |
| Amounts receivable within one year | 40/41 | €90,647 | €9,002 | -€81,645 | -90.1% |
| Trade receivables | 40 | €89,305 | €4,507 | -€84,798 | -95.0% |
| Other amounts receivable | 41 | €1,342 | €4,495 | +€3,153 | +235% |
| Cash at bank and in hand | 54/58 | €2,595 | €8,895 | +€6,300 | +243% |
| Total equity and liabilities | 10/49 | €183,138 | €98,570 | -€84,568 | -46.2% |
| Equity | 10/15 | €23,130 | €25,303 | +€2,173 | +9.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,130 | €23,303 | +€2,173 | +10.3% |
| Amounts payable | 17/49 | €160,008 | €73,267 | -€86,741 | -54.2% |
| Amounts payable within one year | 42/48 | €160,008 | €73,267 | -€86,741 | -54.2% |
| Trade debts | 44 | €71,577 | €9,299 | -€62,278 | -87.0% |
| Suppliers | 440/4 | €71,577 | €9,299 | -€62,278 | -87.0% |
| Advances received on contracts in progress | 46 | €15,981 | - | -€15,981 | |
| Taxes, remuneration and social security | 45 | €20,390 | €16,308 | -€4,082 | -20.0% |
| Taxes | 450/3 | €91 | €588 | +€497 | +548% |
| Remuneration and social security | 454/9 | €20,299 | €15,720 | -€4,579 | -22.6% |
| Other amounts payable | 47/48 | €52,060 | €47,660 | -€4,400 | -8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,591 | €12,605 | +€3,014 | +31.4% |
| Other operating charges | 640/8 | €323 | €243 | -€80 | -24.8% |
| Gross operating margin | 9900 | €22,863 | €15,716 | -€7,147 | -31.3% |
| Operating profit (loss) | 9901 | €12,949 | €2,868 | -€10,081 | -77.9% |
| Financial income | 75/76B | €1,870 | - | -€1,870 | |
| Recurring financial income | 75 | €1,870 | - | -€1,870 | |
| Financial charges | 65/66B | €385 | €106 | -€279 | -72.5% |
| Recurring financial charges | 65 | €385 | €106 | -€279 | -72.5% |
| Profit (loss) for the period before taxes | 9903 | €14,434 | €2,762 | -€11,672 | -80.9% |
| Income taxes | 67/77 | - | €589 | +€589 | |
| Profit (loss) for the period | 9904 | €14,434 | €2,173 | -€12,261 | -84.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,434 | €2,173 | -€12,261 | -84.9% |
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 27 October 2026 via checked.be.