Andrea Radu: 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.
Andrea Radu
Largest movements
- Receivables within one year +€81,782
up €81,782 (+264%), from €31,035 to €112,816
of which Other amounts receivable: +€42,662
- Cash +€73,991
up €73,991 (+40.0%), from €184,835 to €258,826
mainly Trade debts (+€97,488) and Net result for the year (+€77,419)
- Trade debts +€97,488
up €97,488 (+850%), from €11,474 to €108,962
of which Suppliers: +€108,627
- Profit (loss) carried forward +€47,419
up €47,419 (+57.8%), from €82,052 to €129,471
- Reserves +€30,000
up €30,000 (+60.0%), from €50,000 to €80,000
- Tax, wage and social debts -€20,086
down €20,086 (-29.9%), from €67,246 to €47,161
- Turnover -€78,954
down €78,954 (-22.6%), from €349,767 to €270,813
- Gross operating margin -€69,791
down €69,791 (-38.0%), from €183,785 to €113,993
- Taxes -€12,170
down €12,170 (-29.0%), from €41,899 to €29,729
- Purchases and services -€9,162
down €9,162 (-5.5%), from €165,982 to €156,820
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.
Derived cash bridge
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 | €225,772 | €380,594 | +€154,822 | +68.6% |
| Fixed assets | 21/28 | €1,903 | €951 | -€951 | -50.0% |
| Tangible fixed assets | 22/27 | €1,903 | €951 | -€951 | -50.0% |
| Plant, machinery and equipment | 23 | €1,325 | €662 | -€662 | -50.0% |
| Furniture and vehicles | 24 | €578 | €289 | -€289 | -50.0% |
| Current assets | 29/58 | €223,870 | €379,642 | +€155,773 | +69.6% |
| Amounts receivable within one year | 40/41 | €31,035 | €112,816 | +€81,782 | +264% |
| Trade receivables | 40 | €13,082 | €52,201 | +€39,119 | +299% |
| Other amounts receivable | 41 | €17,953 | €60,615 | +€42,662 | +238% |
| Cash at bank and in hand | 54/58 | €184,835 | €258,826 | +€73,991 | +40.0% |
| Deferred charges and accrued income | 490/1 | €8,000 | €8,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €225,772 | €380,594 | +€154,822 | +68.6% |
| Equity | 10/15 | €147,052 | €224,471 | +€77,419 | +52.6% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €50,000 | €80,000 | +€30,000 | +60.0% |
| Distributable reserves | 133 | €50,000 | €80,000 | +€30,000 | +60.0% |
| Profit (loss) carried forward | 14 | €82,052 | €129,471 | +€47,419 | +57.8% |
| Amounts payable | 17/49 | €78,721 | €156,123 | +€77,402 | +98.3% |
| Amounts payable within one year | 42/48 | €78,721 | €156,123 | +€77,402 | +98.3% |
| Trade debts | 44 | €11,474 | €108,962 | +€97,488 | +850% |
| Suppliers | 440/4 | €335 | €108,962 | +€108,627 | +32,382% |
| Bills of exchange payable | 441 | €11,139 | - | -€11,139 | |
| Taxes, remuneration and social security | 45 | €67,246 | €47,161 | -€20,086 | -29.9% |
| Taxes | 450/3 | €67,246 | €47,161 | -€20,086 | -29.9% |
| Turnover | 70 | €349,767 | €270,813 | -€78,954 | -22.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €165,982 | €156,820 | -€9,162 | -5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €951 | €951 | = | 0.0% |
| Other operating charges | 640/8 | €4,207 | €1,861 | -€2,347 | -55.8% |
| Gross operating margin | 9900 | €183,785 | €113,993 | -€69,791 | -38.0% |
| Operating profit (loss) | 9901 | €178,626 | €111,182 | -€67,445 | -37.8% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €4,676 | €4,036 | -€640 | -13.7% |
| Recurring financial charges | 65 | €4,676 | €4,036 | -€640 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €173,951 | €107,148 | -€66,803 | -38.4% |
| Income taxes | 67/77 | €41,899 | €29,729 | -€12,170 | -29.0% |
| Profit (loss) for the period | 9904 | €132,052 | €77,419 | -€54,632 | -41.4% |
| Profit (loss) for the period to be appropriated | 9905 | €132,052 | €77,419 | -€54,632 | -41.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.