R.A.D.A. CONSTRUCT: 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.
R.A.D.A. CONSTRUCT
Largest movements
- Receivables within one year -€171,639
down €171,639 (-35.4%), from €484,358 to €312,719
of which Trade receivables: -€207,052
- Trade debts -€170,676
down €170,676 (-78.9%), from €216,416 to €45,740
of which Bills of exchange payable: -€135,681
- Debts after one year -€18,762
down €18,762 (-36.8%), from €50,946 to €32,184
- Profit (loss) carried forward +€12,656
up €12,656 (+7.3%), from €173,646 to €186,303
- Gross operating margin -€5,406
down €5,406 (-19.8%), from €27,271 to €21,865
- Financial charges -€1,830
down €1,830 (-34.0%), from €5,386 to €3,556
- Taxes -€1,155
down €1,155 (-22.5%), from €5,126 to €3,971
- Other operating charges +€406
up €406 (+46.7%), from €868 to €1,274
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 | €491,209 | €316,671 | -€174,538 | -35.5% |
| Fixed assets | 21/28 | €3,315 | €2,908 | -€407 | -12.3% |
| Tangible fixed assets | 22/27 | €815 | €408 | -€407 | -50.0% |
| Furniture and vehicles | 24 | €815 | €408 | -€407 | -50.0% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €487,894 | €313,764 | -€174,131 | -35.7% |
| Amounts receivable within one year | 40/41 | €484,358 | €312,719 | -€171,639 | -35.4% |
| Trade receivables | 40 | €304,535 | €97,483 | -€207,052 | -68.0% |
| Other amounts receivable | 41 | €179,823 | €215,236 | +€35,413 | +19.7% |
| Cash at bank and in hand | 54/58 | €3,537 | €1,045 | -€2,492 | -70.5% |
| Total equity and liabilities | 10/49 | €491,209 | €316,671 | -€174,538 | -35.5% |
| Equity | 10/15 | €193,706 | €206,363 | +€12,656 | +6.5% |
| Contributions | 10/11 | €18,200 | €18,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €173,646 | €186,303 | +€12,656 | +7.3% |
| Amounts payable | 17/49 | €297,503 | €110,308 | -€187,194 | -62.9% |
| Amounts payable after more than one year | 17 | €50,946 | €32,184 | -€18,762 | -36.8% |
| Financial debts | 170/4 | €50,946 | €32,184 | -€18,762 | -36.8% |
| Amounts payable within one year | 42/48 | €246,557 | €78,125 | -€168,432 | -68.3% |
| Current portion of amounts payable after more than one year | 42 | €18,762 | €23,016 | +€4,254 | +22.7% |
| Trade debts | 44 | €216,416 | €45,740 | -€170,676 | -78.9% |
| Suppliers | 440/4 | €38,823 | €3,828 | -€34,995 | -90.1% |
| Bills of exchange payable | 441 | €177,593 | €41,912 | -€135,681 | -76.4% |
| Taxes, remuneration and social security | 45 | €11,379 | €9,369 | -€2,011 | -17.7% |
| Taxes | 450/3 | €11,379 | €9,369 | -€2,011 | -17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €407 | €407 | = | 0.0% |
| Other operating charges | 640/8 | €868 | €1,274 | +€406 | +46.7% |
| Gross operating margin | 9900 | €27,271 | €21,865 | -€5,406 | -19.8% |
| Operating profit (loss) | 9901 | €25,995 | €20,183 | -€5,811 | -22.4% |
| Financial charges | 65/66B | €5,386 | €3,556 | -€1,830 | -34.0% |
| Recurring financial charges | 65 | €5,386 | €3,556 | -€1,830 | -34.0% |
| Profit (loss) for the period before taxes | 9903 | €20,609 | €16,627 | -€3,982 | -19.3% |
| Income taxes | 67/77 | €5,126 | €3,971 | -€1,155 | -22.5% |
| Profit (loss) for the period | 9904 | €15,483 | €12,656 | -€2,826 | -18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,483 | €12,656 | -€2,826 | -18.3% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.