Redzone: 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.
Redzone
Largest movements
- Receivables within one year +€100,486
up €100,486 (+320.7%), from €31,337 to €131,823
of which Other amounts receivable: +€96,201
- Tangible fixed assets -€24,318
down €24,318 (-4.2%), from €575,664 to €551,347
of which Land and buildings: -€23,468
- Debts after one year +€45,405
up €45,405 (+10.2%), from €446,142 to €491,547
of which Other amounts payable: +€110,000
- Reserves +€31,250
up €31,250 (+58.4%), from €53,465 to €84,716
- Trade debts -€30,877
down €30,877 (-62.4%), from €49,478 to €18,601
- Advances received +€19,730
new in 2024: €19,730
- Current portion of long-term debt +€8,899
up €8,899 (+22.7%), from €39,162 to €48,061
- Gross operating margin +€21,791
up €21,791 (+29.5%), from €73,955 to €95,746
- Depreciation +€12,923
up €12,923 (+75.8%), from €17,043 to €29,966
- Taxes +€2,171
up €2,171 (+22.5%), from €9,645 to €11,816
- Financial income +€2,148
up €2,148 (+140.4%), from €1,530 to €3,678
- Financial charges -€1,777
down €1,777 (-7.7%), from €23,032 to €21,255
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €685,629 | €756,675 | +€71,046 | +10.4% |
| Fixed assets | 21/28 | €575,864 | €551,547 | -€24,318 | -4.2% |
| Tangible fixed assets | 22/27 | €575,664 | €551,347 | -€24,318 | -4.2% |
| Land and buildings | 22 | €522,530 | €499,062 | -€23,468 | -4.5% |
| Plant, machinery and equipment | 23 | €52,230 | €50,547 | -€1,684 | -3.2% |
| Furniture and vehicles | 24 | €904 | €1,738 | +€834 | +92.3% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €109,764 | €205,128 | +€95,364 | +86.9% |
| Amounts receivable after more than one year | 29 | €55,000 | €55,000 | = | 0.0% |
| Other amounts receivable | 291 | €55,000 | €55,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | - | €1,770 | +€1,770 | |
| Stocks | 30/36 | - | €1,770 | +€1,770 | |
| Amounts receivable within one year | 40/41 | €31,337 | €131,823 | +€100,486 | +320.7% |
| Trade receivables | 40 | €19,626 | €23,911 | +€4,285 | +21.8% |
| Other amounts receivable | 41 | €11,711 | €107,913 | +€96,201 | +821.4% |
| Cash at bank and in hand | 54/58 | €5,499 | €143 | -€5,356 | -97.4% |
| Deferred charges and accrued income | 490/1 | €17,928 | €16,391 | -€1,537 | -8.6% |
| Total equity and liabilities | 10/49 | €685,629 | €756,675 | +€71,046 | +10.4% |
| Equity | 10/15 | €64,465 | €95,716 | +€31,250 | +48.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €53,465 | €84,716 | +€31,250 | +58.4% |
| Distributable reserves | 133 | €53,465 | €84,716 | +€31,250 | +58.4% |
| Profit (loss) carried forward | 14 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable | 17/49 | €621,163 | €660,959 | +€39,796 | +6.4% |
| Amounts payable after more than one year | 17 | €446,142 | €491,547 | +€45,405 | +10.2% |
| Financial debts | 170/4 | €446,142 | €381,547 | -€64,595 | -14.5% |
| Other amounts payable | 178/9 | - | €110,000 | +€110,000 | |
| Amounts payable within one year | 42/48 | €168,935 | €167,833 | -€1,102 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | €39,162 | €48,061 | +€8,899 | +22.7% |
| Trade debts | 44 | €49,478 | €18,601 | -€30,877 | -62.4% |
| Suppliers | 440/4 | €49,478 | €18,601 | -€30,877 | -62.4% |
| Advances received on contracts in progress | 46 | - | €19,730 | +€19,730 | |
| Taxes, remuneration and social security | 45 | €22,116 | €18,441 | -€3,675 | -16.6% |
| Taxes | 450/3 | €22,116 | €18,441 | -€3,675 | -16.6% |
| Other amounts payable | 47/48 | €58,179 | €63,000 | +€4,821 | +8.3% |
| Accrued charges and deferred income | 492/3 | €6,086 | €1,580 | -€4,506 | -74.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,043 | €29,966 | +€12,923 | +75.8% |
| Other operating charges | 640/8 | €3,969 | €5,137 | +€1,167 | +29.4% |
| Gross operating margin | 9900 | €73,955 | €95,746 | +€21,791 | +29.5% |
| Operating profit (loss) | 9901 | €52,942 | €60,643 | +€7,701 | +14.5% |
| Financial income | 75/76B | €1,530 | €3,678 | +€2,148 | +140.4% |
| Recurring financial income | 75 | €1,530 | €3,678 | +€2,148 | +140.4% |
| Financial charges | 65/66B | €23,032 | €21,255 | -€1,777 | -7.7% |
| Recurring financial charges | 65 | €23,032 | €21,255 | -€1,777 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €31,441 | €43,066 | +€11,625 | +37.0% |
| Income taxes | 67/77 | €9,645 | €11,816 | +€2,171 | +22.5% |
| Profit (loss) for the period | 9904 | €21,795 | €31,250 | +€9,455 | +43.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,795 | €31,250 | +€9,455 | +43.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.