REDWIRE SOLUTIONS: 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 SOLUTIONS
Largest movements
- Cash -€157,610
down €157,610 (-60.8%), from €259,180 to €101,570
mainly Contributions, distributions and other (-€333,796) and Current investments (-€25,661)
- Receivables within one year -€32,054
down €32,054 (-35.1%), from €91,292 to €59,238
of which Trade receivables: -€32,588
- Current investments +€25,661
up €25,661 (+119%), from €21,517 to €47,179
- Reserves -€232,098
down €232,098 (-69.5%), from €333,796 to €101,699
- Other debts +€67,927
up €67,927, from €0 to €67,927
- Tax, wage and social debts -€5,480
down €5,480 (-9.5%), from €57,856 to €52,377
of which Taxes: -€17,530
- Gross operating margin -€46,172
down €46,172 (-23.4%), from €197,190 to €151,018
- Taxes -€12,768
down €12,768 (-28.7%), from €44,445 to €31,677
- Depreciation +€2,778
up €2,778 (+31.6%), from €8,803 to €11,582
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 | €398,079 | €232,139 | -€165,940 | -41.7% |
| Fixed assets | 21/28 | €26,090 | €24,153 | -€1,937 | -7.4% |
| Tangible fixed assets | 22/27 | €26,090 | €24,153 | -€1,937 | -7.4% |
| Land and buildings | 22 | €12,428 | €9,707 | -€2,722 | -21.9% |
| Plant, machinery and equipment | 23 | €6,746 | €6,365 | -€381 | -5.6% |
| Furniture and vehicles | 24 | €6,916 | €8,081 | +€1,165 | +16.9% |
| Current assets | 29/58 | €371,989 | €207,986 | -€164,003 | -44.1% |
| Amounts receivable within one year | 40/41 | €91,292 | €59,238 | -€32,054 | -35.1% |
| Trade receivables | 40 | €88,741 | €56,152 | -€32,588 | -36.7% |
| Other amounts receivable | 41 | €2,551 | €3,085 | +€534 | +20.9% |
| Current investments | 50/53 | €21,517 | €47,179 | +€25,661 | +119% |
| Cash at bank and in hand | 54/58 | €259,180 | €101,570 | -€157,610 | -60.8% |
| Total equity and liabilities | 10/49 | €398,079 | €232,139 | -€165,940 | -41.7% |
| Equity | 10/15 | €334,796 | €102,699 | -€232,098 | -69.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €333,796 | €101,699 | -€232,098 | -69.5% |
| Distributable reserves | 133 | €333,796 | €101,699 | -€232,098 | -69.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €63,283 | €129,440 | +€66,157 | +105% |
| Amounts payable within one year | 42/48 | €63,283 | €129,440 | +€66,157 | +105% |
| Trade debts | 44 | €5,426 | €9,137 | +€3,711 | +68.4% |
| Suppliers | 440/4 | €5,426 | €9,137 | +€3,711 | +68.4% |
| Taxes, remuneration and social security | 45 | €57,856 | €52,377 | -€5,480 | -9.5% |
| Taxes | 450/3 | €51,884 | €34,354 | -€17,530 | -33.8% |
| Remuneration and social security | 454/9 | €5,972 | €18,022 | +€12,050 | +202% |
| Other amounts payable | 47/48 | €0 | €67,927 | +€67,927 | |
| Non-recurring operating income | 76A | €471 | €0 | -€471 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,803 | €11,582 | +€2,778 | +31.6% |
| Other operating charges | 640/8 | €419 | €1,742 | +€1,323 | +315% |
| Gross operating margin | 9900 | €197,190 | €151,018 | -€46,172 | -23.4% |
| Operating profit (loss) | 9901 | €187,967 | €137,694 | -€50,273 | -26.7% |
| Financial income | 75/76B | €12 | €370 | +€358 | +2,964% |
| Recurring financial income | 75 | €12 | €370 | +€358 | +2,964% |
| Financial charges | 65/66B | €4,816 | €4,689 | -€127 | -2.6% |
| Recurring financial charges | 65 | €4,816 | €4,689 | -€127 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €183,164 | €133,375 | -€49,788 | -27.2% |
| Income taxes | 67/77 | €44,445 | €31,677 | -€12,768 | -28.7% |
| Profit (loss) for the period | 9904 | €138,719 | €101,699 | -€37,020 | -26.7% |
| Profit (loss) for the period to be appropriated | 9905 | €138,719 | €101,699 | -€37,020 | -26.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.