RADE: 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.
RADE
Largest movements
- Tangible fixed assets +€18,508
up €18,508 (+167.6%), from €11,044 to €29,552
- Cash +€7,826
up €7,826 (+126.2%), from €6,203 to €14,029
mainly Net result for the year (+€32,963) and Depreciation (+€7,416)
- Receivables within one year +€4,109
up €4,109 (+127.9%), from €3,212 to €7,320
of which Trade receivables: +€6,470
- Profit (loss) carried forward +€32,963
up €32,963 (+40.5%), from -€81,314 to -€48,352
- Other debts -€3,004
down €3,004 (-3.9%), from €76,981 to €73,978
- Gross operating margin +€32,973
up €32,973 (+418.8%), from €7,872 to €40,845
- Depreciation +€5,938
up €5,938 (+401.8%), from €1,478 to €7,416
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 | €21,544 | €52,075 | +€30,531 | +141.7% |
| Fixed assets | 21/28 | €11,044 | €29,552 | +€18,508 | +167.6% |
| Tangible fixed assets | 22/27 | €11,044 | €29,552 | +€18,508 | +167.6% |
| Furniture and vehicles | 24 | €11,044 | €29,552 | +€18,508 | +167.6% |
| Current assets | 29/58 | €10,500 | €22,523 | +€12,023 | +114.5% |
| Amounts receivable within one year | 40/41 | €3,212 | €7,320 | +€4,109 | +127.9% |
| Trade receivables | 40 | €850 | €7,320 | +€6,470 | +761.2% |
| Other amounts receivable | 41 | €2,362 | - | -€2,362 | |
| Cash at bank and in hand | 54/58 | €6,203 | €14,029 | +€7,826 | +126.2% |
| Deferred charges and accrued income | 490/1 | €1,086 | €1,174 | +€88 | +8.1% |
| Total equity and liabilities | 10/49 | €21,544 | €52,075 | +€30,531 | +141.7% |
| Equity | 10/15 | -€55,914 | -€22,952 | +€32,963 | +59.0% |
| Contributions | 10/11 | €25,400 | €25,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€81,314 | -€48,352 | +€32,963 | +40.5% |
| Amounts payable | 17/49 | €77,459 | €75,027 | -€2,432 | -3.1% |
| Amounts payable within one year | 42/48 | €77,459 | €75,027 | -€2,432 | -3.1% |
| Trade debts | 44 | €477 | €892 | +€415 | +86.9% |
| Suppliers | 440/4 | €477 | €892 | +€415 | +86.9% |
| Taxes, remuneration and social security | 45 | - | €157 | +€157 | |
| Taxes | 450/3 | - | €157 | +€157 | |
| Other amounts payable | 47/48 | €76,981 | €73,978 | -€3,004 | -3.9% |
| Non-recurring operating income | 76A | - | €4,526 | +€4,526 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,478 | €7,416 | +€5,938 | +401.8% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €7,872 | €40,845 | +€32,973 | +418.8% |
| Operating profit (loss) | 9901 | €6,007 | €33,030 | +€27,023 | +449.9% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €309 | €67 | -€241 | -78.3% |
| Recurring financial charges | 65 | €56 | €67 | +€11 | +19.8% |
| Non-recurring financial charges | 66B | €253 | - | -€253 | |
| Profit (loss) for the period before taxes | 9903 | €5,699 | €32,963 | +€27,263 | +478.4% |
| Profit (loss) for the period | 9904 | €5,699 | €32,963 | +€27,263 | +478.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,699 | €32,963 | +€27,263 | +478.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.