RADEKON: 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.
RADEKON
Largest movements
- Current investments -€129,369
down €129,369 (-15.6%), from €831,758 to €702,389
- Stocks and contracts +€126,748
up €126,748 (+112%), from €113,104 to €239,852
of which Stocks: +€115,155
- Cash +€124,688
up €124,688 (+610%), from €20,443 to €145,131
mainly Current investments (+€129,369) and Depreciation (+€109,617)
- Receivables within one year +€97,278
up €97,278 (+37.1%), from €262,115 to €359,392
of which Trade receivables: +€80,765
- Tangible fixed assets -€63,649
down €63,649 (-10.2%), from €621,236 to €557,586
of which Plant, machinery and equipment: -€68,274
- Reserves +€77,573
up €77,573 (+5.9%), from €1.3m to €1.4m
- Trade debts +€40,839
up €40,839 (+72.4%), from €56,403 to €97,241
- Tax, wage and social debts +€37,616
up €37,616 (+52.7%), from €71,413 to €109,029
of which Taxes: +€37,350
- Gross operating margin -€275,773
down €275,773 (-27.4%), from €1.0m to €729,569
- Taxes -€70,706
down €70,706 (-63.7%), from €110,931 to €40,225
- Staff costs -€36,378
down €36,378 (-6.7%), from €543,016 to €506,637
- Financial income +€20,913
up €20,913 (+124%), from €16,890 to €37,803
- Depreciation +€14,280
up €14,280 (+15.0%), from €95,337 to €109,617
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 | €1,877,577 | €2,026,127 | +€148,550 | +7.9% |
| Fixed assets | 21/28 | €649,942 | €578,518 | -€71,424 | -11.0% |
| Intangible fixed assets | 21 | €28,706 | €20,932 | -€7,774 | -27.1% |
| Tangible fixed assets | 22/27 | €621,236 | €557,586 | -€63,649 | -10.2% |
| Land and buildings | 22 | €269,694 | €253,166 | -€16,528 | -6.1% |
| Plant, machinery and equipment | 23 | €320,130 | €251,857 | -€68,274 | -21.3% |
| Furniture and vehicles | 24 | €31,411 | €27,591 | -€3,820 | -12.2% |
| Leasing and similar rights | 25 | - | €24,972 | +€24,972 | |
| Current assets | 29/58 | €1,227,635 | €1,447,609 | +€219,974 | +17.9% |
| Stocks and contracts in progress | 3 | €113,104 | €239,852 | +€126,748 | +112% |
| Stocks | 30/36 | €65,783 | €180,938 | +€115,155 | +175% |
| Contracts in progress | 37 | €47,321 | €58,914 | +€11,593 | +24.5% |
| Amounts receivable within one year | 40/41 | €262,115 | €359,392 | +€97,278 | +37.1% |
| Trade receivables | 40 | €225,942 | €306,707 | +€80,765 | +35.7% |
| Other amounts receivable | 41 | €36,173 | €52,685 | +€16,513 | +45.6% |
| Current investments | 50/53 | €831,758 | €702,389 | -€129,369 | -15.6% |
| Cash at bank and in hand | 54/58 | €20,443 | €145,131 | +€124,688 | +610% |
| Deferred charges and accrued income | 490/1 | €215 | €845 | +€630 | +293% |
| Total equity and liabilities | 10/49 | €1,877,577 | €2,026,127 | +€148,550 | +7.9% |
| Equity | 10/15 | €1,379,512 | €1,457,085 | +€77,573 | +5.6% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €1,304,512 | €1,382,085 | +€77,573 | +5.9% |
| Distributable reserves | 133 | €1,304,512 | €1,382,085 | +€77,573 | +5.9% |
| Amounts payable | 17/49 | €498,065 | €569,042 | +€70,977 | +14.3% |
| Amounts payable after more than one year | 17 | €271,644 | €276,005 | +€4,361 | +1.6% |
| Financial debts | 170/4 | €27,230 | €19,383 | -€7,847 | -28.8% |
| Other amounts payable | 178/9 | €244,415 | €256,622 | +€12,208 | +5.0% |
| Amounts payable within one year | 42/48 | €226,421 | €293,036 | +€66,616 | +29.4% |
| Current portion of amounts payable after more than one year | 42 | €48,183 | €32,958 | -€15,225 | -31.6% |
| Financial debts | 43 | €212 | €44 | -€168 | -79.3% |
| Credit institutions | 430/8 | €212 | €44 | -€168 | -79.3% |
| Trade debts | 44 | €56,403 | €97,241 | +€40,839 | +72.4% |
| Suppliers | 440/4 | €56,403 | €97,241 | +€40,839 | +72.4% |
| Taxes, remuneration and social security | 45 | €71,413 | €109,029 | +€37,616 | +52.7% |
| Taxes | 450/3 | €29,427 | €66,777 | +€37,350 | +127% |
| Remuneration and social security | 454/9 | €41,986 | €42,252 | +€266 | +0.6% |
| Other amounts payable | 47/48 | €50,209 | €53,764 | +€3,555 | +7.1% |
| Remuneration, social security and pensions | 62 | €543,016 | €506,637 | -€36,378 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,337 | €109,617 | +€14,280 | +15.0% |
| Other operating charges | 640/8 | €8,037 | €7,736 | -€302 | -3.8% |
| Gross operating margin | 9900 | €1,005,342 | €729,569 | -€275,773 | -27.4% |
| Operating profit (loss) | 9901 | €358,952 | €105,579 | -€253,373 | -70.6% |
| Financial income | 75/76B | €16,890 | €37,803 | +€20,913 | +124% |
| Recurring financial income | 75 | €16,890 | €37,803 | +€20,913 | +124% |
| Financial charges | 65/66B | €28,202 | €25,584 | -€2,618 | -9.3% |
| Recurring financial charges | 65 | €28,202 | €25,584 | -€2,618 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €347,640 | €117,798 | -€229,842 | -66.1% |
| Income taxes | 67/77 | €110,931 | €40,225 | -€70,706 | -63.7% |
| Profit (loss) for the period | 9904 | €236,709 | €77,573 | -€159,136 | -67.2% |
| Profit (loss) for the period to be appropriated | 9905 | €236,709 | €77,573 | -€159,136 | -67.2% |
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 21 October 2026 via checked.be.