RADA: 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.
RADA
Largest movements
- Tangible fixed assets +€51,588
up €51,588 (+7313.9%), from €705 to €52,294
of which Furniture and vehicles: +€49,161
- Receivables within one year +€47,087
up €47,087 (+36.6%), from €128,768 to €175,855
- Cash +€19,326
up €19,326 (+100.8%), from €19,179 to €38,505
mainly Trade debts (+€125,778) and Depreciation (+€13,436)
- Trade debts +€125,778
up €125,778 (+216.0%), from €58,244 to €184,021
- Other debts -€15,500
down €15,500 (-68.1%), from €22,749 to €7,249
- Reserves +€7,951
up €7,951 (+18.2%), from €43,660 to €51,611
of which Distributable reserves: +€7,951
- Gross operating margin +€30,413
up €30,413 (+972.9%), from €3,126 to €33,540
- Depreciation +€12,637
up €12,637 (+1581.4%), from €799 to €13,436
- Other operating charges +€1,740
up €1,740 (+72.3%), from €2,408 to €4,148
- Staff costs +€682
up €682 (+12.8%), from €5,323 to €6,005
- Financial charges +€449
up €449 (+28.6%), from €1,570 to €2,020
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €148,653 | €266,881 | +€118,229 | +79.5% |
| Fixed assets | 21/28 | €705 | €52,294 | +€51,588 | +7313.9% |
| Tangible fixed assets | 22/27 | €705 | €52,294 | +€51,588 | +7313.9% |
| Plant, machinery and equipment | 23 | €705 | €3,133 | +€2,427 | +344.1% |
| Furniture and vehicles | 24 | - | €49,161 | +€49,161 | |
| Current assets | 29/58 | €147,947 | €214,588 | +€66,640 | +45.0% |
| Amounts receivable within one year | 40/41 | €128,768 | €175,855 | +€47,087 | +36.6% |
| Trade receivables | 40 | €128,768 | €175,855 | +€47,087 | +36.6% |
| Cash at bank and in hand | 54/58 | €19,179 | €38,505 | +€19,326 | +100.8% |
| Deferred charges and accrued income | 490/1 | - | €227 | +€227 | |
| Total equity and liabilities | 10/49 | €148,653 | €266,881 | +€118,229 | +79.5% |
| Equity | 10/15 | €67,660 | €75,611 | +€7,951 | +11.8% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Reserves | 13 | €43,660 | €51,611 | +€7,951 | +18.2% |
| Non-distributable reserves | 130/1 | €2,400 | €2,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,400 | €2,400 | = | 0.0% |
| Distributable reserves | 133 | €41,260 | €49,211 | +€7,951 | +19.3% |
| Amounts payable | 17/49 | €80,993 | €191,270 | +€110,278 | +136.2% |
| Amounts payable within one year | 42/48 | €80,993 | €191,270 | +€110,278 | +136.2% |
| Trade debts | 44 | €58,244 | €184,021 | +€125,778 | +216.0% |
| Suppliers | 440/4 | €58,244 | €184,021 | +€125,778 | +216.0% |
| Other amounts payable | 47/48 | €22,749 | €7,249 | -€15,500 | -68.1% |
| Remuneration, social security and pensions | 62 | €5,323 | €6,005 | +€682 | +12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €799 | €13,436 | +€12,637 | +1581.4% |
| Other operating charges | 640/8 | €2,408 | €4,148 | +€1,740 | +72.3% |
| Gross operating margin | 9900 | €3,126 | €33,540 | +€30,413 | +972.9% |
| Operating profit (loss) | 9901 | -€5,404 | €9,951 | +€15,355 | |
| Financial charges | 65/66B | €1,570 | €2,020 | +€449 | +28.6% |
| Recurring financial charges | 65 | €1,570 | €2,020 | +€449 | +28.6% |
| Profit (loss) for the period before taxes | 9903 | -€6,974 | €7,931 | +€14,905 | |
| Profit (loss) for the period | 9904 | -€6,974 | €7,931 | +€14,905 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,974 | €7,931 | +€14,905 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.