RADAR RISK: 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 RISK
Largest movements
- Cash +€43,197
up €43,197 (+171%), from €25,195 to €68,392
mainly Net result for the year (+€44,186) and Other debts (+€37,178)
- Receivables within one year +€11,012
up €11,012 (+15.8%), from €69,611 to €80,623
of which Other amounts receivable: +€10,866
- Other debts +€37,178
up €37,178 (+1,317%), from €2,822 to €40,000
- Trade debts +€13,923
up €13,923 (+15.7%), from €88,543 to €102,466
- Reserves +€4,186
up €4,186 (+40.4%), from €10,354 to €14,539
of which Distributable reserves: +€4,186
- Gross operating margin +€4,178
up €4,178 (+9.7%), from €42,908 to €47,086
- Other operating charges -€3,871
down €3,871 (-75.6%), from €5,120 to €1,250
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 | €116,476 | €170,685 | +€54,209 | +46.5% |
| Fixed assets | 21/28 | €21,670 | €21,670 | = | 0.0% |
| Financial fixed assets | 28 | €21,670 | €21,670 | = | 0.0% |
| Current assets | 29/58 | €94,806 | €149,015 | +€54,209 | +57.2% |
| Amounts receivable within one year | 40/41 | €69,611 | €80,623 | +€11,012 | +15.8% |
| Trade receivables | 40 | €69,611 | €69,756 | +€145 | +0.2% |
| Other amounts receivable | 41 | - | €10,866 | +€10,866 | |
| Cash at bank and in hand | 54/58 | €25,195 | €68,392 | +€43,197 | +171% |
| Total equity and liabilities | 10/49 | €116,476 | €170,685 | +€54,209 | +46.5% |
| Equity | 10/15 | €23,374 | €27,559 | +€4,186 | +17.9% |
| Contributions | 10/11 | €13,020 | €13,020 | = | 0.0% |
| Capital | 10 | €13,020 | €13,020 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €5,580 | €5,580 | = | 0.0% |
| Reserves | 13 | €10,354 | €14,539 | +€4,186 | +40.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €8,494 | €12,679 | +€4,186 | +49.3% |
| Amounts payable | 17/49 | €93,102 | €143,125 | +€50,023 | +53.7% |
| Amounts payable within one year | 42/48 | €93,102 | €143,125 | +€50,023 | +53.7% |
| Trade debts | 44 | €88,543 | €102,466 | +€13,923 | +15.7% |
| Suppliers | 440/4 | €88,543 | €102,466 | +€13,923 | +15.7% |
| Taxes, remuneration and social security | 45 | €1,737 | €659 | -€1,078 | -62.0% |
| Taxes | 450/3 | €1,737 | €659 | -€1,078 | -62.0% |
| Other amounts payable | 47/48 | €2,822 | €40,000 | +€37,178 | +1,317% |
| Other operating charges | 640/8 | €5,120 | €1,250 | -€3,871 | -75.6% |
| Gross operating margin | 9900 | €42,908 | €47,086 | +€4,178 | +9.7% |
| Operating profit (loss) | 9901 | €37,788 | €45,836 | +€8,048 | +21.3% |
| Financial income | 75/76B | €11 | - | -€11 | |
| Recurring financial income | 75 | €11 | - | -€11 | |
| Financial charges | 65/66B | €1,673 | €1,361 | -€311 | -18.6% |
| Recurring financial charges | 65 | €1,673 | €1,361 | -€311 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €36,126 | €44,475 | +€8,349 | +23.1% |
| Income taxes | 67/77 | - | €289 | +€289 | |
| Profit (loss) for the period | 9904 | €36,126 | €44,186 | +€8,059 | +22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €36,126 | €44,186 | +€8,059 | +22.3% |
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 18 October 2026 via checked.be.