DAP Radius: 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.
DAP Radius
Largest movements
- Receivables after one year +€120,000
up €120,000 (+800.0%), from €15,000 to €135,000
- Cash -€83,191
down €83,191 (-40.6%), from €205,046 to €121,855
mainly Receivables after one year (-€120,000) and Contributions, distributions and other (-€29,814)
- Tangible fixed assets -€26,614
down €26,614 (-38.3%), from €69,576 to €42,962
of which Plant, machinery and equipment: -€16,061
- Receivables within one year -€4,539
down €4,539 (-9.5%), from €47,800 to €43,261
of which Other amounts receivable: -€14,205
- Reserves +€9,397
up €9,397 (+3.0%), from €309,429 to €318,826
of which Distributable reserves: +€9,397
- Current portion of long-term debt -€9,250
down €9,250 (-43.8%), from €21,123 to €11,873
- Debts after one year -€6,900
down €6,900 (-47.3%), from €14,580 to €7,680
- Trade debts +€5,507
up €5,507 (+173.7%), from €3,171 to €8,678
- Staff costs +€15,358
up €15,358 (+21.8%), from €70,303 to €85,662
- Taxes -€9,973
down €9,973 (-35.0%), from €28,516 to €18,544
- Depreciation -€8,424
down €8,424 (-23.1%), from €36,501 to €28,077
- Gross operating margin -€6,543
down €6,543 (-3.7%), from €175,777 to €169,235
- Financial income +€4,911
up €4,911 (+574.9%), from €854 to €5,765
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.
Cash bridge derived
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 | €396,414 | €397,541 | +€1,127 | +0.3% |
| Fixed assets | 21/28 | €69,576 | €42,962 | -€26,614 | -38.3% |
| Tangible fixed assets | 22/27 | €69,576 | €42,962 | -€26,614 | -38.3% |
| Plant, machinery and equipment | 23 | €54,540 | €38,479 | -€16,061 | -29.4% |
| Furniture and vehicles | 24 | €12,580 | €2,017 | -€10,563 | -84.0% |
| Other tangible fixed assets | 26 | €2,455 | €2,466 | +€10 | +0.4% |
| Current assets | 29/58 | €326,838 | €354,579 | +€27,741 | +8.5% |
| Amounts receivable after more than one year | 29 | €15,000 | €135,000 | +€120,000 | +800.0% |
| Other amounts receivable | 291 | €15,000 | €135,000 | +€120,000 | +800.0% |
| Stocks and contracts in progress | 3 | €54,181 | €51,595 | -€2,586 | -4.8% |
| Stocks | 30/36 | €54,181 | €51,595 | -€2,586 | -4.8% |
| Amounts receivable within one year | 40/41 | €47,800 | €43,261 | -€4,539 | -9.5% |
| Trade receivables | 40 | €12,597 | €22,263 | +€9,666 | +76.7% |
| Other amounts receivable | 41 | €35,203 | €20,998 | -€14,205 | -40.4% |
| Cash at bank and in hand | 54/58 | €205,046 | €121,855 | -€83,191 | -40.6% |
| Deferred charges and accrued income | 490/1 | €4,811 | €2,867 | -€1,943 | -40.4% |
| Total equity and liabilities | 10/49 | €396,414 | €397,541 | +€1,127 | +0.3% |
| Equity | 10/15 | €327,979 | €337,376 | +€9,397 | +2.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Capital | 10 | €18,550 | - | -€18,550 | |
| Issued capital | 100 | €18,550 | - | -€18,550 | |
| Outside capital | 11 | - | €18,550 | +€18,550 | |
| Other | 1109/19 | - | €18,550 | +€18,550 | |
| Reserves | 13 | €309,429 | €318,826 | +€9,397 | +3.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Legal reserve | 130 | €1,855 | - | -€1,855 | |
| Reserves not available under the articles | 1311 | - | €1,855 | +€1,855 | |
| Distributable reserves | 133 | €307,574 | €316,971 | +€9,397 | +3.1% |
| Amounts payable | 17/49 | €68,435 | €60,165 | -€8,270 | -12.1% |
| Amounts payable after more than one year | 17 | €14,580 | €7,680 | -€6,900 | -47.3% |
| Financial debts | 170/4 | €14,580 | €7,680 | -€6,900 | -47.3% |
| Amounts payable within one year | 42/48 | €53,855 | €52,485 | -€1,371 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €21,123 | €11,873 | -€9,250 | -43.8% |
| Trade debts | 44 | €3,171 | €8,678 | +€5,507 | +173.7% |
| Suppliers | 440/4 | €3,171 | €8,678 | +€5,507 | +173.7% |
| Taxes, remuneration and social security | 45 | €29,272 | €31,934 | +€2,662 | +9.1% |
| Taxes | 450/3 | €17,341 | €18,769 | +€1,429 | +8.2% |
| Remuneration and social security | 454/9 | €11,931 | €13,165 | +€1,233 | +10.3% |
| Other amounts payable | 47/48 | €290 | - | -€290 | |
| Remuneration, social security and pensions | 62 | €70,303 | €85,662 | +€15,358 | +21.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,501 | €28,077 | -€8,424 | -23.1% |
| Other operating charges | 640/8 | €216 | €358 | +€142 | +65.9% |
| Gross operating margin | 9900 | €175,777 | €169,235 | -€6,543 | -3.7% |
| Operating profit (loss) | 9901 | €68,758 | €55,139 | -€13,619 | -19.8% |
| Financial income | 75/76B | €854 | €5,765 | +€4,911 | +574.9% |
| Recurring financial income | 75 | €854 | €5,765 | +€4,911 | +574.9% |
| Financial charges | 65/66B | €2,928 | €3,149 | +€220 | +7.5% |
| Recurring financial charges | 65 | €2,928 | €3,149 | +€220 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | €66,683 | €57,755 | -€8,928 | -13.4% |
| Income taxes | 67/77 | €28,516 | €18,544 | -€9,973 | -35.0% |
| Profit (loss) for the period | 9904 | €38,167 | €39,211 | +€1,044 | +2.7% |
| Transfer from tax-exempt reserves | 789 | €34,000 | - | -€34,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €72,167 | €39,211 | -€32,956 | -45.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.