RADAR ADVIES: 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.
RADAR ADVIES
Largest movements
- Tangible fixed assets -€19,312
down €19,312 (-7.0%), from €275,270 to €255,958
of which Furniture and vehicles: -€12,567
- Cash +€8,312
up €8,312 (+28.8%), from €28,858 to €37,170
mainly Net result for the year (+€23,590) and Debts after one year (+€21,057)
- Receivables within one year +€7,925
up €7,925 (+19.3%), from €41,015 to €48,940
of which Trade receivables: +€16,641
- Debts after one year +€21,057
up €21,057 (+20.3%), from €103,859 to €124,916
of which Other amounts payable: +€50,000
- Reserves -€18,716
down €18,716 (-11.9%), from €157,613 to €138,898
of which Distributable reserves: -€18,716
- Current portion of long-term debt -€4,177
down €4,177 (-12.6%), from €33,120 to €28,943
- Gross operating margin +€21,299
up €21,299 (+47.8%), from €44,600 to €65,900
- Taxes +€6,461
up €6,461 (+116%), from €5,557 to €12,018
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.
Derived cash bridge
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 | €345,561 | €342,503 | -€3,058 | -0.9% |
| Fixed assets | 21/28 | €275,270 | €255,958 | -€19,312 | -7.0% |
| Tangible fixed assets | 22/27 | €275,270 | €255,958 | -€19,312 | -7.0% |
| Land and buildings | 22 | €253,273 | €246,528 | -€6,745 | -2.7% |
| Furniture and vehicles | 24 | €21,997 | €9,430 | -€12,567 | -57.1% |
| Current assets | 29/58 | €70,291 | €86,545 | +€16,254 | +23.1% |
| Amounts receivable within one year | 40/41 | €41,015 | €48,940 | +€7,925 | +19.3% |
| Trade receivables | 40 | €32,299 | €48,940 | +€16,641 | +51.5% |
| Other amounts receivable | 41 | €8,716 | - | -€8,716 | |
| Cash at bank and in hand | 54/58 | €28,858 | €37,170 | +€8,312 | +28.8% |
| Deferred charges and accrued income | 490/1 | €418 | €435 | +€17 | +4.0% |
| Total equity and liabilities | 10/49 | €345,561 | €342,503 | -€3,058 | -0.9% |
| Equity | 10/15 | €176,213 | €157,498 | -€18,716 | -10.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €157,613 | €138,898 | -€18,716 | -11.9% |
| Tax-exempt reserves | 132 | €13,001 | €13,001 | = | 0.0% |
| Distributable reserves | 133 | €144,613 | €125,897 | -€18,716 | -12.9% |
| Amounts payable | 17/49 | €169,347 | €185,005 | +€15,658 | +9.2% |
| Amounts payable after more than one year | 17 | €103,859 | €124,916 | +€21,057 | +20.3% |
| Financial debts | 170/4 | €53,859 | €24,916 | -€28,943 | -53.7% |
| Other amounts payable | 178/9 | €50,000 | €100,000 | +€50,000 | +100% |
| Amounts payable within one year | 42/48 | €60,309 | €53,975 | -€6,334 | -10.5% |
| Current portion of amounts payable after more than one year | 42 | €33,120 | €28,943 | -€4,177 | -12.6% |
| Trade debts | 44 | €1,352 | €972 | -€380 | -28.1% |
| Suppliers | 440/4 | €1,352 | €972 | -€380 | -28.1% |
| Taxes, remuneration and social security | 45 | €15,840 | €14,721 | -€1,119 | -7.1% |
| Taxes | 450/3 | €15,840 | €14,721 | -€1,119 | -7.1% |
| Other amounts payable | 47/48 | €9,998 | €9,340 | -€658 | -6.6% |
| Accrued charges and deferred income | 492/3 | €5,179 | €6,114 | +€934 | +18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,419 | €20,616 | +€197 | +1.0% |
| Other operating charges | 640/8 | €2,202 | €2,325 | +€123 | +5.6% |
| Gross operating margin | 9900 | €44,600 | €65,900 | +€21,299 | +47.8% |
| Operating profit (loss) | 9901 | €21,979 | €42,958 | +€20,979 | +95.5% |
| Financial income | 75/76B | €73 | €0 | -€73 | -99.9% |
| Recurring financial income | 75 | €73 | €0 | -€73 | -99.9% |
| Financial charges | 65/66B | €6,947 | €7,350 | +€403 | +5.8% |
| Recurring financial charges | 65 | €6,947 | €7,350 | +€403 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | €15,105 | €35,608 | +€20,503 | +136% |
| Income taxes | 67/77 | €5,557 | €12,018 | +€6,461 | +116% |
| Profit (loss) for the period | 9904 | €9,548 | €23,590 | +€14,042 | +147% |
| Profit (loss) for the period to be appropriated | 9905 | €9,548 | €23,590 | +€14,042 | +147% |
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 27 October 2026 via checked.be.