RAD-PACK SERVICES: 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.
RAD-PACK SERVICES
Largest movements
- Tangible fixed assets -€221,627
down €221,627 (-3.6%), from €6.2m to €6.0m
of which Land and buildings: -€271,930
- Cash -€136,626
down €136,626 (-84.9%), from €160,969 to €24,343
mainly Debts after one year (-€484,791) and Other debts (-€290,589)
- Receivables within one year -€99,776
down €99,776 (-18.0%), from €553,016 to €453,239
of which Trade receivables: -€104,847
- Debts after one year -€484,791
down €484,791 (-11.9%), from €4.1m to €3.6m
of which Financial debts: -€484,791
- Reserves +€376,746
up €376,746 (+100.7%), from €374,043 to €750,790
of which Tax-exempt reserves: +€252,600
- Other debts -€290,589
down €290,589 (-30.2%), from €961,755 to €671,166
- Turnover +€302,605
up €302,605 (+16.2%), from €1.9m to €2.2m
- Gross operating margin +€179,685
up €179,685 (+11.3%), from €1.6m to €1.8m
- Other operating charges -€163,061
down €163,061 (-77.1%), from €211,434 to €48,372
- Purchases and services +€151,054
up €151,054 (+36.9%), from €409,808 to €560,862
- Staff costs +€91,716
up €91,716 (+14.6%), from €626,781 to €718,497
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 | €6,988,438 | €6,541,747 | -€446,692 | -6.4% |
| Fixed assets | 21/28 | €6,236,243 | €6,014,616 | -€221,627 | -3.6% |
| Tangible fixed assets | 22/27 | €6,212,953 | €5,991,326 | -€221,627 | -3.6% |
| Land and buildings | 22 | €5,693,871 | €5,421,941 | -€271,930 | -4.8% |
| Plant, machinery and equipment | 23 | €331,469 | €242,684 | -€88,786 | -26.8% |
| Furniture and vehicles | 24 | €68,938 | €54,075 | -€14,862 | -21.6% |
| Leasing and similar rights | 25 | €35,923 | €25,419 | -€10,504 | -29.2% |
| Assets under construction and advance payments | 27 | €82,752 | €247,207 | +€164,455 | +198.7% |
| Financial fixed assets | 28 | €23,290 | €23,290 | = | 0.0% |
| Current assets | 29/58 | €752,195 | €527,130 | -€225,065 | -29.9% |
| Stocks and contracts in progress | 3 | €12,195 | €8,964 | -€3,230 | -26.5% |
| Stocks | 30/36 | €12,195 | €8,964 | -€3,230 | -26.5% |
| Amounts receivable within one year | 40/41 | €553,016 | €453,239 | -€99,776 | -18.0% |
| Trade receivables | 40 | €553,016 | €448,169 | -€104,847 | -19.0% |
| Other amounts receivable | 41 | €0 | €5,070 | +€5,070 | |
| Cash at bank and in hand | 54/58 | €160,969 | €24,343 | -€136,626 | -84.9% |
| Deferred charges and accrued income | 490/1 | €26,015 | €40,583 | +€14,568 | +56.0% |
| Total equity and liabilities | 10/49 | €6,988,438 | €6,541,747 | -€446,692 | -6.4% |
| Equity | 10/15 | €1,074,546 | €1,432,490 | +€357,944 | +33.3% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Capital | 10 | €400,000 | €400,000 | = | 0.0% |
| Issued capital | 100 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €374,043 | €750,790 | +€376,746 | +100.7% |
| Non-distributable reserves | 130/1 | €40,000 | €40,000 | = | 0.0% |
| Legal reserve | 130 | €40,000 | €40,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €105,250 | €357,850 | +€252,600 | +240.0% |
| Distributable reserves | 133 | €228,793 | €352,940 | +€124,146 | +54.3% |
| Investment grants | 15 | €300,503 | €281,700 | -€18,803 | -6.3% |
| Amounts payable | 17/49 | €5,913,892 | €5,109,257 | -€804,635 | -13.6% |
| Amounts payable after more than one year | 17 | €4,085,854 | €3,601,063 | -€484,791 | -11.9% |
| Financial debts | 170/4 | €4,084,354 | €3,599,563 | -€484,791 | -11.9% |
| Other amounts payable | 178/9 | €1,500 | €1,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,812,297 | €1,492,504 | -€319,793 | -17.6% |
| Current portion of amounts payable after more than one year | 42 | €474,720 | €484,008 | +€9,289 | +2.0% |
| Trade debts | 44 | €177,202 | €191,203 | +€14,001 | +7.9% |
| Suppliers | 440/4 | €177,202 | €191,203 | +€14,001 | +7.9% |
| Taxes, remuneration and social security | 45 | €198,620 | €146,127 | -€52,493 | -26.4% |
| Taxes | 450/3 | €91,863 | €37,456 | -€54,407 | -59.2% |
| Remuneration and social security | 454/9 | €106,757 | €108,672 | +€1,914 | +1.8% |
| Other amounts payable | 47/48 | €961,755 | €671,166 | -€290,589 | -30.2% |
| Accrued charges and deferred income | 492/3 | €15,741 | €15,690 | -€51 | -0.3% |
| Turnover | 70 | €1,873,042 | €2,175,647 | +€302,605 | +16.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €409,808 | €560,862 | +€151,054 | +36.9% |
| Remuneration, social security and pensions | 62 | €626,781 | €718,497 | +€91,716 | +14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €343,223 | €396,786 | +€53,564 | +15.6% |
| Other operating charges | 640/8 | €211,434 | €48,372 | -€163,061 | -77.1% |
| Gross operating margin | 9900 | €1,595,062 | €1,774,747 | +€179,685 | +11.3% |
| Operating profit (loss) | 9901 | €413,625 | €611,092 | +€197,467 | +47.7% |
| Financial income | 75/76B | €21,091 | €18,803 | -€2,288 | -10.8% |
| Recurring financial income | 75 | €21,091 | €18,803 | -€2,288 | -10.8% |
| Financial charges | 65/66B | €144,488 | €131,108 | -€13,380 | -9.3% |
| Recurring financial charges | 65 | €144,488 | €130,150 | -€14,338 | -9.9% |
| Non-recurring financial charges | 66B | - | €958 | +€958 | |
| Profit (loss) for the period before taxes | 9903 | €290,228 | €498,786 | +€208,558 | +71.9% |
| Income taxes | 67/77 | €72,744 | €122,040 | +€49,296 | +67.8% |
| Profit (loss) for the period | 9904 | €217,484 | €376,746 | +€159,263 | +73.2% |
| Transfer to tax-exempt reserves | 689 | €42,100 | €252,600 | +€210,500 | +500.0% |
| Profit (loss) for the period to be appropriated | 9905 | €175,384 | €124,146 | -€51,237 | -29.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.