RADEMA: 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.
RADEMA
Largest movements
- Receivables within one year -€349,192
down €349,192 (-99.6%), from €350,463 to €1,272
of which Other amounts receivable: -€349,444
- Cash +€118,256
up €118,256 (+461.6%), from €25,616 to €143,872
mainly Receivables within one year (+€349,192) and Net result for the year (+€172,125)
- Tangible fixed assets +€79,654
up €79,654 (+32.4%), from €246,134 to €325,788
- Other debts -€349,611
down €349,611 (-98.7%), from €354,341 to €4,730
- Reserves +€172,125
up €172,125 (+8.3%), from €2.1m to €2.2m
of which Distributable reserves: +€172,125
- Financial income +€53,736
up €53,736 (+121.4%), from €44,257 to €97,992
- Gross operating margin -€13,487
down €13,487 (-7.5%), from €179,505 to €166,019
- Taxes +€4,075
up €4,075 (+9.1%), from €44,762 to €48,836
- Depreciation +€2,170
up €2,170 (+7.7%), from €28,207 to €30,377
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 | €2,581,984 | €2,408,430 | -€173,554 | -6.7% |
| Fixed assets | 21/28 | €246,134 | €325,788 | +€79,654 | +32.4% |
| Tangible fixed assets | 22/27 | €246,134 | €325,788 | +€79,654 | +32.4% |
| Land and buildings | 22 | €246,134 | €325,788 | +€79,654 | +32.4% |
| Current assets | 29/58 | €2,335,850 | €2,082,642 | -€253,208 | -10.8% |
| Amounts receivable within one year | 40/41 | €350,463 | €1,272 | -€349,192 | -99.6% |
| Trade receivables | 40 | - | €253 | +€253 | |
| Other amounts receivable | 41 | €350,463 | €1,019 | -€349,444 | -99.7% |
| Current investments | 50/53 | €1,957,547 | €1,935,256 | -€22,291 | -1.1% |
| Cash at bank and in hand | 54/58 | €25,616 | €143,872 | +€118,256 | +461.6% |
| Deferred charges and accrued income | 490/1 | €2,223 | €2,242 | +€19 | +0.9% |
| Total equity and liabilities | 10/49 | €2,581,984 | €2,408,430 | -€173,554 | -6.7% |
| Equity | 10/15 | €2,226,968 | €2,399,093 | +€172,125 | +7.7% |
| Contributions | 10/11 | €156,173 | €156,173 | = | 0.0% |
| Capital | 10 | €156,173 | €156,173 | = | 0.0% |
| Issued capital | 100 | €156,173 | €156,173 | = | 0.0% |
| Reserves | 13 | €2,070,795 | €2,242,920 | +€172,125 | +8.3% |
| Non-distributable reserves | 130/1 | €15,617 | €15,617 | = | 0.0% |
| Legal reserve | 130 | €15,617 | €15,617 | = | 0.0% |
| Distributable reserves | 133 | €2,055,178 | €2,227,303 | +€172,125 | +8.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €355,015 | €9,337 | -€345,679 | -97.4% |
| Amounts payable within one year | 42/48 | €355,015 | €9,337 | -€345,679 | -97.4% |
| Trade debts | 44 | €674 | €0 | -€674 | -100.0% |
| Suppliers | 440/4 | €674 | €0 | -€674 | -100.0% |
| Taxes, remuneration and social security | 45 | €0 | €4,607 | +€4,607 | |
| Taxes | 450/3 | €0 | €4,607 | +€4,607 | |
| Other amounts payable | 47/48 | €354,341 | €4,730 | -€349,611 | -98.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,207 | €30,377 | +€2,170 | +7.7% |
| Other operating charges | 640/8 | €1,030 | €1,060 | +€31 | +3.0% |
| Gross operating margin | 9900 | €179,505 | €166,019 | -€13,487 | -7.5% |
| Operating profit (loss) | 9901 | €150,269 | €134,581 | -€15,688 | -10.4% |
| Financial income | 75/76B | €44,257 | €97,992 | +€53,736 | +121.4% |
| Recurring financial income | 75 | €44,257 | €97,992 | +€53,736 | +121.4% |
| Financial charges | 65/66B | €9,846 | €11,612 | +€1,766 | +17.9% |
| Recurring financial charges | 65 | €9,846 | €11,612 | +€1,766 | +17.9% |
| Profit (loss) for the period before taxes | 9903 | €184,680 | €220,961 | +€36,282 | +19.6% |
| Income taxes | 67/77 | €44,762 | €48,836 | +€4,075 | +9.1% |
| Profit (loss) for the period | 9904 | €139,918 | €172,125 | +€32,207 | +23.0% |
| Profit (loss) for the period to be appropriated | 9905 | €139,918 | €172,125 | +€32,207 | +23.0% |
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.