RADEM: 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.
What changed
RADEM
NACE 82.990, Other business support services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3.3m
2024 · €2.6m+€657,052
Equity
€5.6m
2024 · €2.4m+€3.2m
Cash
€160,443
2024 · €151,540+€8,903
Balance sheet total
€5.9m
2024 · €7.6m-€1.8m
Largest movements
Assets
- Current investments -€2.0m
down €2.0m (-100.0%), from €2.0m to €0
- Receivables within one year +€377,952
up €377,952 (+49.0%), from €771,987 to €1.1m
of which Trade receivables: +€369,952
- Tangible fixed assets -€144,029
down €144,029 (-21.6%), from €666,177 to €522,148
of which Land and buildings: -€207,523
Equity and liabilities
- Other debts -€5.0m
down €5.0m (-99.1%), from €5.0m to €43,684
- Reserves +€3.2m
up €3.2m (+702.4%), from €456,860 to €3.7m
of which Distributable reserves: +€3.2m
Income statement
- Financial income +€501,095
up €501,095 (+19.5%), from €2.6m to €3.1m
- Taxes +€52,054
up €52,054 (+120.9%), from €43,059 to €95,113
of which Taxes: +€52,329
- Staff costs +€46,575
up €46,575 (+6.2%), from €754,889 to €801,465
- Services and other goods -€29,145
down €29,145 (-3.6%), from €805,998 to €776,853
- Turnover +€17,795
up €17,795 (+1.0%), from €1.7m to €1.7m
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.
Result 2024
€2.6m
Turnover
+€17,795
Other operating income
-€2,469
Services and other goods
+€29,145
Staff costs
-€46,575
Depreciation
+€12,536
Other operating charges
-€606
Other operating items
+€198,250
Financial income
+€501,095
Financial charges
-€66
Taxes
-€52,054
Result 2025
€3.3m
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.
From operations
-€2.0m
Investment
+€2.1m
Financing
-€43,684
Cash 2024
€151,540
From operations (derived)
-€2.0m
Net result for the year
+€3.3m
Depreciation
+€75,651
Receivables within one year
-€377,952
Trade debts
-€10,026
Tax, wage and social debts
+€22,810
Other debts
-€5.0m
Investment (derived)
+€2.1m
Investment in fixed assets (net)
+€68,378
Current investments
+€2.0m
Financing
-€43,684
Contributions, distributions and other
-€43,684
Cash 2025
€160,443
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,638,105 | €5,880,932 | -€1.8m | -23.0% |
| Fixed assets | 21/28 | €4,714,579 | €4,570,550 | -€144,029 | -3.1% |
| Tangible fixed assets | 22/27 | €666,177 | €522,148 | -€144,029 | -21.6% |
| Land and buildings | 22 | €544,871 | €337,348 | -€207,523 | -38.1% |
| Plant, machinery and equipment | 23 | €5,711 | €37,302 | +€31,591 | +553.2% |
| Furniture and vehicles | 24 | €115,595 | €147,498 | +€31,903 | +27.6% |
| Financial fixed assets | 28 | €4,048,402 | €4,048,402 | = | 0.0% |
| Affiliated companies | 280/1 | €4,048,166 | €4,048,166 | = | 0.0% |
| Participating interests | 280 | €4,048,166 | €4,048,166 | = | 0.0% |
| Other financial fixed assets | 284/8 | €236 | €236 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €236 | €236 | = | 0.0% |
| Current assets | 29/58 | €2,923,527 | €1,310,382 | -€1.6m | -55.2% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €771,987 | €1,149,939 | +€377,952 | +49.0% |
| Trade receivables | 40 | €759,987 | €1,129,939 | +€369,952 | +48.7% |
| Other amounts receivable | 41 | €12,000 | €20,000 | +€8,000 | +66.7% |
| Current investments | 50/53 | €2,000,000 | €0 | -€2.0m | -100.0% |
| Other investments | 51/53 | €2,000,000 | €0 | -€2.0m | -100.0% |
| Cash at bank and in hand | 54/58 | €151,540 | €160,443 | +€8,903 | +5.9% |
| Total equity and liabilities | 10/49 | €7,638,105 | €5,880,932 | -€1.8m | -23.0% |
| Equity | 10/15 | €2,386,017 | €5,595,141 | +€3.2m | +134.5% |
| Contributions | 10/11 | €1,929,157 | €1,929,157 | = | 0.0% |
| Capital | 10 | €1,929,157 | €1,929,157 | = | 0.0% |
| Issued capital | 100 | €1,929,157 | €1,929,157 | = | 0.0% |
| Reserves | 13 | €456,860 | €3,665,984 | +€3.2m | +702.4% |
| Non-distributable reserves | 130/1 | €226,200 | €226,200 | = | 0.0% |
| Legal reserve | 130 | €226,200 | €226,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €61,800 | €61,800 | = | 0.0% |
| Distributable reserves | 133 | €168,860 | €3,377,984 | +€3.2m | +1900.5% |
| Amounts payable | 17/49 | €5,252,088 | €285,791 | -€5.0m | -94.6% |
| Amounts payable within one year | 42/48 | €5,252,088 | €285,791 | -€5.0m | -94.6% |
| Trade debts | 44 | €38,467 | €28,442 | -€10,026 | -26.1% |
| Suppliers | 440/4 | €38,467 | €28,442 | -€10,026 | -26.1% |
| Taxes, remuneration and social security | 45 | €190,855 | €213,665 | +€22,810 | +12.0% |
| Taxes | 450/3 | €95,280 | €96,300 | +€1,020 | +1.1% |
| Remuneration and social security | 454/9 | €95,575 | €117,365 | +€21,790 | +22.8% |
| Other amounts payable | 47/48 | €5,022,766 | €43,684 | -€5.0m | -99.1% |
| Operating income | 70/76A | €1,725,241 | €1,938,817 | +€213,577 | +12.4% |
| Turnover | 70 | €1,704,909 | €1,722,704 | +€17,795 | +1.0% |
| Other operating income | 74 | €12,934 | €10,465 | -€2,469 | -19.1% |
| Non-recurring operating income | 76A | €7,398 | €205,648 | +€198,250 | +2679.8% |
| Operating charges | 60/66A | €1,653,146 | €1,658,646 | +€5,500 | +0.3% |
| Services and other goods | 61 | €805,998 | €776,853 | -€29,145 | -3.6% |
| Remuneration, social security and pensions | 62 | €754,889 | €801,465 | +€46,575 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,187 | €75,651 | -€12,536 | -14.2% |
| Other operating charges | 640/8 | €4,072 | €4,678 | +€606 | +14.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | €72,094 | €280,171 | +€208,077 | +288.6% |
| Financial income | 75/76B | €2,566,991 | €3,068,086 | +€501,095 | +19.5% |
| Recurring financial income | 75 | €2,566,991 | €3,068,086 | +€501,095 | +19.5% |
| Income from financial fixed assets | 750 | €2,500,000 | €3,000,000 | +€500,000 | +20.0% |
| Income from current assets | 751 | €66,981 | €68,086 | +€1,105 | +1.7% |
| Other financial income | 752/9 | €10 | €0 | -€10 | -100.0% |
| Financial charges | 65/66B | €270 | €336 | +€66 | +24.6% |
| Recurring financial charges | 65 | €270 | €336 | +€66 | +24.6% |
| Other financial charges | 652/9 | €270 | €336 | +€66 | +24.6% |
| Profit (loss) for the period before taxes | 9903 | €2,638,815 | €3,347,921 | +€709,106 | +26.9% |
| Income taxes | 67/77 | €43,059 | €95,113 | +€52,054 | +120.9% |
| Taxes | 670/3 | €43,097 | €95,426 | +€52,329 | +121.4% |
| Tax adjustments and reversals of tax provisions | 77 | €38 | €313 | +€274 | +715.6% |
| Profit (loss) for the period | 9904 | €2,595,757 | €3,252,808 | +€657,052 | +25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,595,757 | €3,252,808 | +€657,052 | +25.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.