RADA: 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.
What changed
RADA
financial year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€7,548
2023 · -€47,191+€39,643
Equity
€1.3m
2023 · €1.4m-€7,548
Cash
€11,311
2023 · €26,808-€15,497
Balance sheet total
€2.4m
2023 · €2.5m-€95,650
Largest movements
Assets
- Tangible fixed assets -€80,180
down €80,180 (-3.2%), from €2.5m to €2.4m
of which Land and buildings: -€68,829
Equity and liabilities
- Other debts -€60,979
down €60,979 (-9.8%), from €624,558 to €563,579
Income statement
- Gross operating margin +€37,716
up €37,716 (+44.1%), from €85,451 to €123,167
- Taxes +€15,865
up €15,865 (+401.8%), from €3,949 to €19,813
- Depreciation -€11,547
down €11,547 (-9.5%), from €121,968 to €110,422
- Other operating charges -€6,884
down €6,884 (-34.4%), from €20,008 to €13,125
From the 2023 result to the 2024 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 2023
-€47,191
Gross operating margin
+€37,716
Depreciation
+€11,547
Other operating charges
+€6,884
Financial income
+€0
Financial charges
-€1,083
Taxes
-€15,865
Deferred taxes and other
+€443
Result 2024
-€7,548
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€34,641
Investment
-€30,242
Financing
-€19,896
Cash 2023
€26,808
From operations (derived)
+€34,641
Net result for the year
-€7,548
Depreciation
+€110,422
Deferred charges and accrued income
-€28
Provisions
-€20,972
Trade debts
-€3,068
Tax, wage and social debts
+€16,813
Other debts
-€60,979
Investment (derived)
-€30,242
Investment in fixed assets (net)
-€30,242
Financing
-€19,896
Debts after one year
-€20,854
Current portion of long-term debt
+€958
Cash 2024
€11,311
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,516,902 | €2,421,253 | -€95,650 | -3.8% |
| Fixed assets | 21/28 | €2,489,187 | €2,409,007 | -€80,180 | -3.2% |
| Tangible fixed assets | 22/27 | €2,488,970 | €2,408,790 | -€80,180 | -3.2% |
| Land and buildings | 22 | €2,454,218 | €2,385,389 | -€68,829 | -2.8% |
| Plant, machinery and equipment | 23 | €4,471 | €3,975 | -€496 | -11.1% |
| Furniture and vehicles | 24 | €30,281 | €19,426 | -€10,855 | -35.8% |
| Financial fixed assets | 28 | €217 | €217 | = | 0.0% |
| Current assets | 29/58 | €27,716 | €12,246 | -€15,470 | -55.8% |
| Cash at bank and in hand | 54/58 | €26,808 | €11,311 | -€15,497 | -57.8% |
| Deferred charges and accrued income | 490/1 | €908 | €935 | +€28 | +3.0% |
| Total equity and liabilities | 10/49 | €2,516,902 | €2,421,253 | -€95,650 | -3.8% |
| Equity | 10/15 | €1,355,703 | €1,348,154 | -€7,548 | -0.6% |
| Contributions | 10/11 | €363,340 | €363,340 | = | 0.0% |
| Capital | 10 | €363,340 | €363,340 | = | 0.0% |
| Issued capital | 100 | €363,340 | €363,340 | = | 0.0% |
| Reserves | 13 | €992,363 | €984,815 | -€7,548 | -0.8% |
| Non-distributable reserves | 130/1 | €7,133 | €8,792 | +€1,659 | +23.3% |
| Legal reserve | 130 | €7,133 | €8,792 | +€1,659 | +23.3% |
| Tax-exempt reserves | 132 | €898,862 | €858,133 | -€40,728 | -4.5% |
| Distributable reserves | 133 | €86,369 | €117,889 | +€31,521 | +36.5% |
| Provisions and deferred taxes | 16 | €331,051 | €310,079 | -€20,972 | -6.3% |
| Deferred taxes | 168 | €331,051 | €310,079 | -€20,972 | -6.3% |
| Amounts payable | 17/49 | €830,149 | €763,020 | -€67,129 | -8.1% |
| Amounts payable after more than one year | 17 | €173,562 | €152,708 | -€20,854 | -12.0% |
| Financial debts | 170/4 | €171,278 | €148,624 | -€22,654 | -13.2% |
| Other amounts payable | 178/9 | €2,284 | €4,084 | +€1,800 | +78.8% |
| Amounts payable within one year | 42/48 | €654,260 | €607,985 | -€46,275 | -7.1% |
| Current portion of amounts payable after more than one year | 42 | €21,696 | €22,654 | +€958 | +4.4% |
| Trade debts | 44 | €4,332 | €1,264 | -€3,068 | -70.8% |
| Suppliers | 440/4 | €4,332 | €1,264 | -€3,068 | -70.8% |
| Taxes, remuneration and social security | 45 | €3,675 | €20,488 | +€16,813 | +457.6% |
| Taxes | 450/3 | €3,675 | €20,488 | +€16,813 | +457.6% |
| Other amounts payable | 47/48 | €624,558 | €563,579 | -€60,979 | -9.8% |
| Accrued charges and deferred income | 492/3 | €2,327 | €2,327 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €121,968 | €110,422 | -€11,547 | -9.5% |
| Other operating charges | 640/8 | €20,008 | €13,125 | -€6,884 | -34.4% |
| Gross operating margin | 9900 | €85,451 | €123,167 | +€37,716 | +44.1% |
| Operating profit (loss) | 9901 | -€56,526 | -€379 | +€56,147 | +99.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €7,245 | €8,327 | +€1,083 | +14.9% |
| Recurring financial charges | 65 | €7,245 | €8,327 | +€1,083 | +14.9% |
| Profit (loss) for the period before taxes | 9903 | -€63,771 | -€8,707 | +€55,064 | +86.3% |
| Transfer from deferred taxes | 780 | €20,529 | €20,972 | +€443 | +2.2% |
| Income taxes | 67/77 | €3,949 | €19,813 | +€15,865 | +401.8% |
| Profit (loss) for the period | 9904 | -€47,191 | -€7,548 | +€39,643 | +84.0% |
| Transfer from tax-exempt reserves | 789 | €47,537 | €40,728 | -€6,809 | -14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €346 | €33,180 | +€32,834 | +9490.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.