RAD: 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.
What changed
RAD
NACE 47.820, Retail sale of motor vehicle parts and accessories
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3.0m
2024 · €2.0m+€976,249
Equity
€11.3m
2024 · €8.4m+€2.9m
Cash
€1.8m
2024 · €3.9m-€2.1m
Balance sheet total
€14.8m
2024 · €14.3m+€496,894
Largest movements
Assets
- Current investments +€4.3m
up €4.3m (+358.3%), from €1.2m to €5.5m
- Receivables within one year -€2.2m
down €2.2m (-95.6%), from €2.3m to €101,699
of which Other amounts receivable: -€2.2m
- Cash -€2.1m
down €2.1m (-53.0%), from €3.9m to €1.8m
mainly Current investments (-€4.3m) and Other debts (-€2.5m)
- Stocks and contracts +€509,172
up €509,172 (+7.5%), from €6.8m to €7.3m
Equity and liabilities
- Reserves +€2.9m
up €2.9m (+35.5%), from €8.3m to €11.2m
of which Distributable reserves: +€2.9m
- Other debts -€2.5m
down €2.5m (-98.0%), from €2.5m to €51,067
- Trade debts +€228,098
up €228,098 (+7.8%), from €2.9m to €3.2m
- Tax, wage and social debts -€177,175
down €177,175 (-42.0%), from €421,719 to €244,544
of which Taxes: -€151,885
Income statement
- Turnover +€2.3m
up €2.3m (+8.6%), from €27.2m to €29.5m
- Goods and materials +€1.2m
up €1.2m (+7.9%), from €15.9m to €17.2m
of which Purchases: +€822,851
- Taxes +€319,440
up €319,440 (+46.6%), from €685,967 to €1.0m
of which Taxes: +€316,356
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.
Result 2024
€2.0m
Turnover
+€2.3m
Other operating income
+€67,577
Goods and materials
-€1.2m
Services and other goods
-€230,756
Staff costs
+€80,957
Depreciation
+€1,724
Other operating charges
-€38,649
Other operating items
+€277,517
Financial income
+€82,206
Financial charges
-€40,924
Taxes
-€319,440
Result 2025
€3.0m
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.
From operations
+€2.3m
Investment
-€4.3m
Financing
-€51,067
Cash 2024
€3.9m
From operations (derived)
+€2.3m
Net result for the year
+€3.0m
Depreciation
+€30,673
Stocks and contracts
-€509,172
Receivables within one year
+€2.2m
Trade debts
+€228,098
Tax, wage and social debts
-€177,175
Other debts
-€2.5m
Accrued charges and deferred income
-€22,076
Investment (derived)
-€4.3m
Current investments
-€4.3m
Financing
-€51,067
Contributions, distributions and other
-€51,067
Cash 2025
€1.8m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,259,794 | €14,756,688 | +€496,894 | +3.5% |
| Fixed assets | 21/28 | €93,718 | €63,045 | -€30,673 | -32.7% |
| Tangible fixed assets | 22/27 | €93,347 | €62,674 | -€30,673 | -32.9% |
| Furniture and vehicles | 24 | €93,347 | €62,674 | -€30,673 | -32.9% |
| Financial fixed assets | 28 | €371 | €371 | = | 0.0% |
| Other financial fixed assets | 284/8 | €371 | €371 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €371 | €371 | = | 0.0% |
| Current assets | 29/58 | €14,166,076 | €14,693,642 | +€527,566 | +3.7% |
| Stocks and contracts in progress | 3 | €6,752,081 | €7,261,252 | +€509,172 | +7.5% |
| Stocks | 30/36 | €6,752,081 | €7,261,252 | +€509,172 | +7.5% |
| Goods purchased for resale | 34 | €6,752,081 | €7,261,252 | +€509,172 | +7.5% |
| Amounts receivable within one year | 40/41 | €2,320,258 | €101,699 | -€2.2m | -95.6% |
| Trade receivables | 40 | €26,948 | €1,743 | -€25,205 | -93.5% |
| Other amounts receivable | 41 | €2,293,311 | €99,956 | -€2.2m | -95.6% |
| Current investments | 50/53 | €1,200,000 | €5,500,000 | +€4.3m | +358.3% |
| Other investments | 51/53 | €1,200,000 | €5,500,000 | +€4.3m | +358.3% |
| Cash at bank and in hand | 54/58 | €3,893,737 | €1,830,691 | -€2.1m | -53.0% |
| Total equity and liabilities | 10/49 | €14,259,794 | €14,756,688 | +€496,894 | +3.5% |
| Equity | 10/15 | €8,354,051 | €11,301,077 | +€2.9m | +35.3% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €8,291,551 | €11,238,577 | +€2.9m | +35.5% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,451 | €4,451 | = | 0.0% |
| Distributable reserves | 133 | €8,280,850 | €11,227,876 | +€2.9m | +35.6% |
| Amounts payable | 17/49 | €5,905,743 | €3,455,611 | -€2.5m | -41.5% |
| Amounts payable within one year | 42/48 | €5,883,667 | €3,455,611 | -€2.4m | -41.3% |
| Trade debts | 44 | €2,931,902 | €3,159,999 | +€228,098 | +7.8% |
| Suppliers | 440/4 | €2,931,902 | €3,159,999 | +€228,098 | +7.8% |
| Taxes, remuneration and social security | 45 | €421,719 | €244,544 | -€177,175 | -42.0% |
| Taxes | 450/3 | €306,216 | €154,331 | -€151,885 | -49.6% |
| Remuneration and social security | 454/9 | €115,503 | €90,213 | -€25,290 | -21.9% |
| Other amounts payable | 47/48 | €2,530,046 | €51,067 | -€2.5m | -98.0% |
| Accrued charges and deferred income | 492/3 | €22,076 | €0 | -€22,076 | -100.0% |
| Operating income | 70/76A | €27,297,231 | €29,679,888 | +€2.4m | +8.7% |
| Turnover | 70 | €27,182,618 | €29,528,568 | +€2.3m | +8.6% |
| Other operating income | 74 | €61,668 | €129,245 | +€67,577 | +109.6% |
| Non-recurring operating income | 76A | €52,945 | €22,076 | -€30,869 | -58.3% |
| Operating charges | 60/66A | €24,628,693 | €25,756,943 | +€1.1m | +4.6% |
| Goods for resale, raw materials and consumables | 60 | €15,918,394 | €17,168,306 | +€1.2m | +7.9% |
| Purchases | 600/8 | €16,854,627 | €17,677,478 | +€822,851 | +4.9% |
| Change in stocks: decrease (increase) | 609 | -€936,233 | -€509,172 | +€427,061 | +45.6% |
| Services and other goods | 61 | €7,332,256 | €7,563,012 | +€230,756 | +3.1% |
| Remuneration, social security and pensions | 62 | €995,299 | €914,342 | -€80,957 | -8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,397 | €30,673 | -€1,724 | -5.3% |
| Other operating charges | 640/8 | €26,177 | €64,827 | +€38,649 | +147.6% |
| Non-recurring operating charges | 66A | €324,170 | €15,784 | -€308,386 | -95.1% |
| Operating profit (loss) | 9901 | €2,668,538 | €3,922,945 | +€1.3m | +47.0% |
| Financial income | 75/76B | €156,565 | €238,771 | +€82,206 | +52.5% |
| Recurring financial income | 75 | €156,565 | €238,771 | +€82,206 | +52.5% |
| Income from current assets | 751 | €10,413 | €88,265 | +€77,852 | +747.7% |
| Other financial income | 752/9 | €146,152 | €150,506 | +€4,354 | +3.0% |
| Financial charges | 65/66B | €117,292 | €158,216 | +€40,924 | +34.9% |
| Recurring financial charges | 65 | €117,292 | €158,216 | +€40,924 | +34.9% |
| Debt charges | 650 | €3,165 | €26,801 | +€23,637 | +746.9% |
| Other financial charges | 652/9 | €114,128 | €131,415 | +€17,288 | +15.1% |
| Profit (loss) for the period before taxes | 9903 | €2,707,811 | €4,003,500 | +€1.3m | +47.9% |
| Income taxes | 67/77 | €685,967 | €1,005,407 | +€319,440 | +46.6% |
| Taxes | 670/3 | €690,124 | €1,006,479 | +€316,356 | +45.8% |
| Tax adjustments and reversals of tax provisions | 77 | €4,157 | €1,073 | -€3,084 | -74.2% |
| Profit (loss) for the period | 9904 | €2,021,844 | €2,998,093 | +€976,249 | +48.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,021,844 | €2,998,093 | +€976,249 | +48.3% |
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 6 October 2026 via checked.be.