RADCO: 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.
RADCO
Largest movements
- Receivables within one year +€278,512
up €278,512 (+7.0%), from €4.0m to €4.2m
of which Trade receivables: +€303,166
- Stocks and contracts -€251,040
down €251,040 (-21.1%), from €1.2m to €937,001
of which Stocks: -€250,000
- Cash -€127,350
down €127,350 (-39.6%), from €321,655 to €194,304
mainly Receivables within one year (-€278,512) and Other debts (-€69,512)
- Other debts -€69,512
down €69,512 (-4.6%), from €1.5m to €1.4m
- Trade debts -€66,622
down €66,622 (-13.1%), from €509,550 to €442,927
- Gross operating margin -€304,743
down €304,743 (-28.6%), from €1.1m to €759,542
- Taxes -€58,328
down €58,328 (-90.4%), from €64,516 to €6,188
- Write-downs -€46,763
down €46,763 (-98.0%), from €47,694 to €931
- Financial income +€17,233
up €17,233 (+101.9%), from €16,906 to €34,139
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 | €5,711,724 | €5,597,246 | -€114,478 | -2.0% |
| Fixed assets | 21/28 | €241,280 | €226,702 | -€14,578 | -6.0% |
| Tangible fixed assets | 22/27 | €241,280 | €226,702 | -€14,578 | -6.0% |
| Land and buildings | 22 | €175,777 | €148,768 | -€27,009 | -15.4% |
| Plant, machinery and equipment | 23 | €50,764 | €36,756 | -€14,008 | -27.6% |
| Furniture and vehicles | 24 | €14,739 | €7,458 | -€7,281 | -49.4% |
| Other tangible fixed assets | 26 | - | €33,719 | +€33,719 | |
| Current assets | 29/58 | €5,470,444 | €5,370,544 | -€99,900 | -1.8% |
| Stocks and contracts in progress | 3 | €1,188,041 | €937,001 | -€251,040 | -21.1% |
| Stocks | 30/36 | €950,250 | €700,250 | -€250,000 | -26.3% |
| Contracts in progress | 37 | €237,791 | €236,751 | -€1,040 | -0.4% |
| Amounts receivable within one year | 40/41 | €3,955,247 | €4,233,759 | +€278,512 | +7.0% |
| Trade receivables | 40 | €2,200,913 | €2,504,079 | +€303,166 | +13.8% |
| Other amounts receivable | 41 | €1,754,334 | €1,729,680 | -€24,654 | -1.4% |
| Cash at bank and in hand | 54/58 | €321,655 | €194,304 | -€127,350 | -39.6% |
| Deferred charges and accrued income | 490/1 | €5,501 | €5,480 | -€21 | -0.4% |
| Total equity and liabilities | 10/49 | €5,711,724 | €5,597,246 | -€114,478 | -2.0% |
| Equity | 10/15 | €3,601,682 | €3,618,689 | +€17,007 | +0.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €646,836 | €646,836 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €640,636 | €640,636 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,892,847 | €2,909,854 | +€17,007 | +0.6% |
| Amounts payable | 17/49 | €2,110,042 | €1,978,557 | -€131,485 | -6.2% |
| Amounts payable within one year | 42/48 | €2,110,042 | €1,978,557 | -€131,485 | -6.2% |
| Trade debts | 44 | €509,550 | €442,927 | -€66,622 | -13.1% |
| Suppliers | 440/4 | €509,550 | €442,927 | -€66,622 | -13.1% |
| Taxes, remuneration and social security | 45 | €83,038 | €87,688 | +€4,649 | +5.6% |
| Taxes | 450/3 | €27,258 | €32,326 | +€5,068 | +18.6% |
| Remuneration and social security | 454/9 | €55,780 | €55,362 | -€419 | -0.8% |
| Other amounts payable | 47/48 | €1,517,454 | €1,447,942 | -€69,512 | -4.6% |
| Non-recurring operating income | 76A | €4,000 | - | -€4,000 | |
| Remuneration, social security and pensions | 62 | €673,037 | €666,342 | -€6,696 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,968 | €48,586 | -€7,382 | -13.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €47,694 | €931 | -€46,763 | -98.0% |
| Other operating charges | 640/8 | €5,274 | €6,463 | +€1,189 | +22.5% |
| Gross operating margin | 9900 | €1,064,285 | €759,542 | -€304,743 | -28.6% |
| Operating profit (loss) | 9901 | €282,312 | €37,221 | -€245,091 | -86.8% |
| Financial income | 75/76B | €16,906 | €34,139 | +€17,233 | +101.9% |
| Recurring financial income | 75 | €16,906 | €34,139 | +€17,233 | +101.9% |
| Financial charges | 65/66B | €49,916 | €48,164 | -€1,753 | -3.5% |
| Recurring financial charges | 65 | €49,916 | €48,164 | -€1,753 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €249,301 | €23,195 | -€226,106 | -90.7% |
| Income taxes | 67/77 | €64,516 | €6,188 | -€58,328 | -90.4% |
| Profit (loss) for the period | 9904 | €184,784 | €17,007 | -€167,777 | -90.8% |
| Profit (loss) for the period to be appropriated | 9905 | €184,784 | €17,007 | -€167,777 | -90.8% |
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 3 October 2026 via checked.be.