RADANGE: 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.
RADANGE
Largest movements
- Current investments -€108,559
down €108,559 (-46.9%), from €231,379 to €122,820
- Cash +€100,208
up €100,208 (+71.5%), from €140,081 to €240,288
mainly Net result for the year (+€143,981) and Current investments (+€108,559)
- Deferred charges and accrued income +€40,412
up €40,412 (+60.0%), from €67,387 to €107,799
- Provisions -€113,484
no longer reported in 2025 (was €113,484)
- Other debts +€85,842
up €85,842 (+750.1%), from €11,444 to €97,285
- Profit (loss) carried forward +€29,355
no longer reported in 2025 (was -€29,355)
- Reserves +€23,917
up €23,917 (+6.6%), from €361,845 to €385,763
of which Distributable reserves: +€23,917
- Provisions -€226,969
down €226,969, from €113,484 to -€113,484
- Financial charges +€146,494
up €146,494 (+4897.0%), from €2,992 to €149,485
- Financial income +€51,636
new in 2025: €51,636
- Gross operating margin +€42,563
up €42,563 (+37.6%), from €113,093 to €155,656
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 | €488,196 | €515,692 | +€27,495 | +5.6% |
| Fixed assets | 21/28 | €3,586 | €4,043 | +€457 | +12.7% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €3,586 | €4,043 | +€457 | +12.7% |
| Plant, machinery and equipment | 23 | €2,935 | €3,656 | +€721 | +24.6% |
| Furniture and vehicles | 24 | €651 | €387 | -€264 | -40.6% |
| Current assets | 29/58 | €484,610 | €511,649 | +€27,038 | +5.6% |
| Amounts receivable within one year | 40/41 | €45,764 | €40,741 | -€5,023 | -11.0% |
| Trade receivables | 40 | €195 | €195 | = | 0.0% |
| Other amounts receivable | 41 | €45,569 | €40,546 | -€5,023 | -11.0% |
| Current investments | 50/53 | €231,379 | €122,820 | -€108,559 | -46.9% |
| Cash at bank and in hand | 54/58 | €140,081 | €240,288 | +€100,208 | +71.5% |
| Deferred charges and accrued income | 490/1 | €67,387 | €107,799 | +€40,412 | +60.0% |
| Total equity and liabilities | 10/49 | €488,196 | €515,692 | +€27,495 | +5.6% |
| Equity | 10/15 | €351,091 | €404,363 | +€53,272 | +15.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €361,845 | €385,763 | +€23,917 | +6.6% |
| Non-distributable reserves | 130/1 | €16,422 | €16,422 | = | 0.0% |
| Reserves not available under the articles | 1311 | €16,422 | €16,422 | = | 0.0% |
| Distributable reserves | 133 | €345,423 | €369,341 | +€23,917 | +6.9% |
| Profit (loss) carried forward | 14 | -€29,355 | - | +€29,355 | |
| Provisions and deferred taxes | 16 | €113,484 | - | -€113,484 | |
| Provisions for liabilities and charges | 160/5 | €113,484 | - | -€113,484 | |
| Other liabilities and charges | 164/5 | €113,484 | - | -€113,484 | |
| Amounts payable | 17/49 | €23,621 | €111,329 | +€87,708 | +371.3% |
| Amounts payable within one year | 42/48 | €23,621 | €111,329 | +€87,708 | +371.3% |
| Trade debts | 44 | €2,177 | €4,044 | +€1,866 | +85.7% |
| Suppliers | 440/4 | €2,177 | €4,044 | +€1,866 | +85.7% |
| Taxes, remuneration and social security | 45 | €10,000 | €10,000 | = | 0.0% |
| Taxes | 450/3 | €10,000 | €10,000 | = | 0.0% |
| Other amounts payable | 47/48 | €11,444 | €97,285 | +€85,842 | +750.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,903 | €2,281 | +€378 | +19.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €113,484 | -€113,484 | -€226,969 | |
| Other operating charges | 640/8 | €687 | €921 | +€234 | +34.0% |
| Gross operating margin | 9900 | €113,093 | €155,656 | +€42,563 | +37.6% |
| Operating profit (loss) | 9901 | -€2,981 | €265,938 | +€268,919 | |
| Financial income | 75/76B | - | €51,636 | +€51,636 | |
| Recurring financial income | 75 | - | €51,636 | +€51,636 | |
| Financial charges | 65/66B | €2,992 | €149,485 | +€146,494 | +4897.0% |
| Recurring financial charges | 65 | €2,992 | €149,485 | +€146,494 | +4897.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,973 | €168,088 | +€174,061 | |
| Income taxes | 67/77 | €23,382 | €24,107 | +€726 | +3.1% |
| Profit (loss) for the period | 9904 | -€29,355 | €143,981 | +€173,336 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,355 | €143,981 | +€173,336 |
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 10 October 2026 via checked.be.