REDWIRE MANAGEMENT: 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.
REDWIRE MANAGEMENT
Largest movements
- Receivables within one year -€24,995
down €24,995 (-37.1%), from €67,350 to €42,355
of which Trade receivables: -€25,000
- Cash +€22,598
up €22,598 (+472%), from €4,787 to €27,385
mainly Net result for the year (+€30,392) and Receivables within one year (+€24,995)
- Tangible fixed assets -€13,500
down €13,500 (-10.8%), from €124,500 to €111,000
- Debts after one year -€25,875
down €25,875 (-40.2%), from €64,371 to €38,497
- Short-term financial debts -€24,052
down €24,052 (-100%), from €24,052 to €0
- Profit (loss) carried forward +€19,262
up €19,262, from -€19,262 to €0
- Tax, wage and social debts +€16,229
up €16,229 (+113%), from €14,371 to €30,600
of which Taxes: +€18,729
- Reserves +€11,129
up €11,129 (+22.4%), from €49,674 to €60,803
- Gross operating margin +€39,582
up €39,582 (+152%), from €26,011 to €65,594
- Taxes +€10,189
up €10,189 (+858%), from €1,187 to €11,376
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 | €196,637 | €180,740 | -€15,897 | -8.1% |
| Fixed assets | 21/28 | €124,500 | €111,000 | -€13,500 | -10.8% |
| Tangible fixed assets | 22/27 | €124,500 | €111,000 | -€13,500 | -10.8% |
| Other tangible fixed assets | 26 | €124,500 | €111,000 | -€13,500 | -10.8% |
| Current assets | 29/58 | €72,137 | €69,740 | -€2,397 | -3.3% |
| Amounts receivable within one year | 40/41 | €67,350 | €42,355 | -€24,995 | -37.1% |
| Trade receivables | 40 | €67,350 | €42,350 | -€25,000 | -37.1% |
| Other amounts receivable | 41 | - | €5 | +€5 | |
| Cash at bank and in hand | 54/58 | €4,787 | €27,385 | +€22,598 | +472% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €196,637 | €180,740 | -€15,897 | -8.1% |
| Equity | 10/15 | €36,612 | €67,003 | +€30,392 | +83.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €49,674 | €60,803 | +€11,129 | +22.4% |
| Distributable reserves | 133 | €49,674 | €60,803 | +€11,129 | +22.4% |
| Profit (loss) carried forward | 14 | -€19,262 | €0 | +€19,262 | |
| Amounts payable | 17/49 | €160,025 | €113,737 | -€46,289 | -28.9% |
| Amounts payable after more than one year | 17 | €64,371 | €38,497 | -€25,875 | -40.2% |
| Financial debts | 170/4 | €64,371 | €38,497 | -€25,875 | -40.2% |
| Amounts payable within one year | 42/48 | €95,654 | €75,240 | -€20,414 | -21.3% |
| Current portion of amounts payable after more than one year | 42 | €47,714 | €38,411 | -€9,303 | -19.5% |
| Financial debts | 43 | €24,052 | €0 | -€24,052 | -100% |
| Credit institutions | 430/8 | €24,052 | €0 | -€24,052 | -100% |
| Trade debts | 44 | €7,630 | €4,078 | -€3,553 | -46.6% |
| Suppliers | 440/4 | €7,630 | €4,078 | -€3,553 | -46.6% |
| Taxes, remuneration and social security | 45 | €14,371 | €30,600 | +€16,229 | +113% |
| Taxes | 450/3 | €11,871 | €30,600 | +€18,729 | +158% |
| Remuneration and social security | 454/9 | €2,500 | €0 | -€2,500 | -100% |
| Other amounts payable | 47/48 | €1,887 | €2,151 | +€265 | +14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,500 | €13,500 | = | 0.0% |
| Other operating charges | 640/8 | €2,397 | €2,080 | -€317 | -13.2% |
| Gross operating margin | 9900 | €26,011 | €65,594 | +€39,582 | +152% |
| Operating profit (loss) | 9901 | €10,115 | €50,014 | +€39,900 | +394% |
| Financial income | 75/76B | €28 | €35 | +€7 | +26.6% |
| Recurring financial income | 75 | €28 | €35 | +€7 | +26.6% |
| Financial charges | 65/66B | €8,922 | €8,282 | -€640 | -7.2% |
| Recurring financial charges | 65 | €8,922 | €8,282 | -€640 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €1,220 | €41,768 | +€40,548 | +3,322% |
| Income taxes | 67/77 | €1,187 | €11,376 | +€10,189 | +858% |
| Profit (loss) for the period | 9904 | €33 | €30,392 | +€30,358 | +91,359% |
| Profit (loss) for the period to be appropriated | 9905 | €33 | €30,392 | +€30,358 | +91,359% |
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 14 October 2026 via checked.be.