Radeko: 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.
Radeko
Largest movements
- Tangible fixed assets -€23,550
down €23,550 (-7.2%), from €326,031 to €302,481
of which Furniture and vehicles: -€21,527
- Current investments +€12,858
up €12,858 (+31.5%), from €40,832 to €53,690
- Cash +€10,800
up €10,800 (+33.6%), from €32,191 to €42,991
mainly Other debts (+€108,970) and Net result for the year (+€46,240)
- Receivables within one year +€8,624
up €8,624 (+11.2%), from €77,047 to €85,670
of which Other amounts receivable: +€8,073
- Other debts +€108,970
up €108,970 (+153.4%), from €71,017 to €179,987
- Reserves -€76,300
down €76,300 (-31.0%), from €245,818 to €169,518
- Debts after one year -€23,587
down €23,587 (-19.1%), from €123,235 to €99,648
- Gross operating margin +€16,257
up €16,257 (+26.2%), from €62,053 to €78,311
- Taxes +€8,003
up €8,003 (+59.5%), from €13,441 to €21,444
- Financial income -€3,438
down €3,438 (-12.9%), from €26,582 to €23,144
- Staff costs -€2,173
down €2,173 (-49.1%), from €4,428 to €2,255
- Other operating charges +€1,244
up €1,244 (+59.2%), from €2,099 to €3,343
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 | €826,101 | €834,833 | +€8,732 | +1.1% |
| Fixed assets | 21/28 | €676,031 | €652,481 | -€23,550 | -3.5% |
| Tangible fixed assets | 22/27 | €326,031 | €302,481 | -€23,550 | -7.2% |
| Land and buildings | 22 | €266,905 | €264,882 | -€2,023 | -0.8% |
| Furniture and vehicles | 24 | €59,126 | €37,599 | -€21,527 | -36.4% |
| Financial fixed assets | 28 | €350,000 | €350,000 | = | 0.0% |
| Current assets | 29/58 | €150,070 | €182,352 | +€32,282 | +21.5% |
| Amounts receivable within one year | 40/41 | €77,047 | €85,670 | +€8,624 | +11.2% |
| Trade receivables | 40 | - | €550 | +€550 | |
| Other amounts receivable | 41 | €77,047 | €85,120 | +€8,073 | +10.5% |
| Current investments | 50/53 | €40,832 | €53,690 | +€12,858 | +31.5% |
| Cash at bank and in hand | 54/58 | €32,191 | €42,991 | +€10,800 | +33.6% |
| Total equity and liabilities | 10/49 | €826,101 | €834,833 | +€8,732 | +1.1% |
| Equity | 10/15 | €602,018 | €525,718 | -€76,300 | -12.7% |
| Contributions | 10/11 | €356,200 | €356,200 | = | 0.0% |
| Reserves | 13 | €245,818 | €169,518 | -€76,300 | -31.0% |
| Distributable reserves | 133 | €245,818 | €169,518 | -€76,300 | -31.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €224,083 | €309,115 | +€85,032 | +37.9% |
| Amounts payable after more than one year | 17 | €123,235 | €99,648 | -€23,587 | -19.1% |
| Financial debts | 170/4 | €123,235 | €99,648 | -€23,587 | -19.1% |
| Amounts payable within one year | 42/48 | €100,848 | €209,467 | +€108,620 | +107.7% |
| Current portion of amounts payable after more than one year | 42 | €24,249 | €24,686 | +€437 | +1.8% |
| Trade debts | 44 | €2,084 | €256 | -€1,828 | -87.7% |
| Suppliers | 440/4 | €2,084 | €256 | -€1,828 | -87.7% |
| Taxes, remuneration and social security | 45 | €3,498 | €4,538 | +€1,041 | +29.8% |
| Taxes | 450/3 | €3,498 | €4,538 | +€1,041 | +29.8% |
| Other amounts payable | 47/48 | €71,017 | €179,987 | +€108,970 | +153.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €4,428 | €2,255 | -€2,173 | -49.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,569 | €23,550 | -€1,019 | -4.1% |
| Other operating charges | 640/8 | €2,099 | €3,343 | +€1,244 | +59.2% |
| Gross operating margin | 9900 | €62,053 | €78,311 | +€16,257 | +26.2% |
| Operating profit (loss) | 9901 | €30,956 | €49,162 | +€18,206 | +58.8% |
| Financial income | 75/76B | €26,582 | €23,144 | -€3,438 | -12.9% |
| Recurring financial income | 75 | €26,582 | €23,144 | -€3,438 | -12.9% |
| Financial charges | 65/66B | €5,078 | €4,622 | -€456 | -9.0% |
| Recurring financial charges | 65 | €5,078 | €4,622 | -€456 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €52,460 | €67,685 | +€15,224 | +29.0% |
| Income taxes | 67/77 | €13,441 | €21,444 | +€8,003 | +59.5% |
| Profit (loss) for the period | 9904 | €39,019 | €46,240 | +€7,221 | +18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €39,019 | €46,240 | +€7,221 | +18.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.