C12H22O11 (aq) + H2O (l) → 4 C2H5OH (aq) + 4 CO2 (g)
This is an oxidation-reduction (redox) reaction:
8 C0 + 16 e- → 8 C-II (reduction)
4 C0 - 16 e- → 4 CIV (oxidation)
C12H22O11 is both an oxidizing and a reducing agent (disproportionation (dismutation)).