RAD2O: 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.
RAD2O
Largest movements
- Cash -€63,223
down €63,223 (-76.2%), from €82,917 to €19,694
mainly Other debts (-€42,998) and Net result for the year (-€17,512)
- Current investments +€12,309
up €12,309 (+3.6%), from €345,800 to €358,109
- Tangible fixed assets -€7,695
down €7,695 (-41.4%), from €18,572 to €10,877
of which Furniture and vehicles: -€4,841
- Other debts -€42,998
down €42,998 (-18.2%), from €236,358 to €193,360
- Profit (loss) carried forward -€17,512
down €17,512 (-30.3%), from €57,846 to €40,334
- Financial charges +€49,899
up €49,899 (+73.6%), from €67,792 to €117,691
- Gross operating margin -€24,159
down €24,159 (-18.4%), from €130,994 to €106,836
- Taxes -€13,791
down €13,791 (-98.0%), from €14,079 to €287
- Financial income -€4,624
down €4,624 (-70.0%), from €6,603 to €1,978
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 | €514,113 | €457,615 | -€56,498 | -11.0% |
| Fixed assets | 21/28 | €18,572 | €10,877 | -€7,695 | -41.4% |
| Tangible fixed assets | 22/27 | €18,572 | €10,877 | -€7,695 | -41.4% |
| Furniture and vehicles | 24 | €8,016 | €3,175 | -€4,841 | -60.4% |
| Other tangible fixed assets | 26 | €10,556 | €7,702 | -€2,854 | -27.0% |
| Current assets | 29/58 | €495,541 | €446,738 | -€48,803 | -9.8% |
| Amounts receivable within one year | 40/41 | €36,163 | €38,632 | +€2,469 | +6.8% |
| Trade receivables | 40 | - | €2,256 | +€2,256 | |
| Other amounts receivable | 41 | €36,163 | €36,377 | +€214 | +0.6% |
| Current investments | 50/53 | €345,800 | €358,109 | +€12,309 | +3.6% |
| Cash at bank and in hand | 54/58 | €82,917 | €19,694 | -€63,223 | -76.2% |
| Deferred charges and accrued income | 490/1 | €30,661 | €30,302 | -€359 | -1.2% |
| Total equity and liabilities | 10/49 | €514,113 | €457,615 | -€56,498 | -11.0% |
| Equity | 10/15 | €265,846 | €248,334 | -€17,512 | -6.6% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €200,000 | €200,000 | = | 0.0% |
| Distributable reserves | 133 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,846 | €40,334 | -€17,512 | -30.3% |
| Amounts payable | 17/49 | €248,267 | €209,281 | -€38,986 | -15.7% |
| Amounts payable within one year | 42/48 | €246,160 | €202,060 | -€44,100 | -17.9% |
| Trade debts | 44 | €3,399 | €3,162 | -€238 | -7.0% |
| Suppliers | 440/4 | €3,399 | €3,162 | -€238 | -7.0% |
| Taxes, remuneration and social security | 45 | €6,403 | €5,539 | -€864 | -13.5% |
| Taxes | 450/3 | €3,403 | €5,539 | +€2,136 | +62.8% |
| Remuneration and social security | 454/9 | €3,000 | - | -€3,000 | |
| Other amounts payable | 47/48 | €236,358 | €193,360 | -€42,998 | -18.2% |
| Accrued charges and deferred income | 492/3 | €2,107 | €7,221 | +€5,114 | +242.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,190 | €7,695 | +€504 | +7.0% |
| Other operating charges | 640/8 | €478 | €654 | +€176 | +36.8% |
| Gross operating margin | 9900 | €130,994 | €106,836 | -€24,159 | -18.4% |
| Operating profit (loss) | 9901 | €123,326 | €98,487 | -€24,839 | -20.1% |
| Financial income | 75/76B | €6,603 | €1,978 | -€4,624 | -70.0% |
| Recurring financial income | 75 | €6,603 | €1,978 | -€4,624 | -70.0% |
| Financial charges | 65/66B | €67,792 | €117,691 | +€49,899 | +73.6% |
| Recurring financial charges | 65 | €67,792 | €117,691 | +€49,899 | +73.6% |
| Profit (loss) for the period before taxes | 9903 | €62,137 | -€17,225 | -€79,362 | |
| Income taxes | 67/77 | €14,079 | €287 | -€13,791 | -98.0% |
| Profit (loss) for the period | 9904 | €48,059 | -€17,512 | -€65,571 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,059 | -€17,512 | -€65,571 |
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 29 September 2026 via checked.be.