RADEMAN: 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.
RADEMAN
Largest movements
- Tangible fixed assets -€56,315
down €56,315 (-18.6%), from €303,029 to €246,714
of which Plant, machinery and equipment: -€50,165
- Debts after one year -€31,961
down €31,961 (-9.2%), from €349,121 to €317,160
- Other debts -€16,900
down €16,900 (-28.6%), from €59,030 to €42,130
- Profit (loss) carried forward -€7,009
down €7,009 (-4.7%), from -€149,906 to -€156,915
- Gross operating margin -€2,476
down €2,476 (-4.0%), from €61,691 to €59,215
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 | €308,574 | €253,315 | -€55,259 | -17.9% |
| Fixed assets | 21/28 | €303,029 | €246,714 | -€56,315 | -18.6% |
| Tangible fixed assets | 22/27 | €303,029 | €246,714 | -€56,315 | -18.6% |
| Land and buildings | 22 | €104,314 | €98,164 | -€6,150 | -5.9% |
| Plant, machinery and equipment | 23 | €198,716 | €148,550 | -€50,165 | -25.2% |
| Current assets | 29/58 | €5,544 | €6,601 | +€1,056 | +19.0% |
| Cash at bank and in hand | 54/58 | €5,544 | €6,601 | +€1,056 | +19.0% |
| Total equity and liabilities | 10/49 | €308,574 | €253,315 | -€55,259 | -17.9% |
| Equity | 10/15 | -€131,306 | -€138,315 | -€7,009 | -5.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€149,906 | -€156,915 | -€7,009 | -4.7% |
| Amounts payable | 17/49 | €439,880 | €391,629 | -€48,251 | -11.0% |
| Amounts payable after more than one year | 17 | €349,121 | €317,160 | -€31,961 | -9.2% |
| Financial debts | 170/4 | €349,121 | €317,160 | -€31,961 | -9.2% |
| Amounts payable within one year | 42/48 | €90,759 | €74,091 | -€16,668 | -18.4% |
| Current portion of amounts payable after more than one year | 42 | €31,351 | €31,961 | +€610 | +1.9% |
| Trade debts | 44 | €378 | - | -€378 | |
| Suppliers | 440/4 | €378 | - | -€378 | |
| Other amounts payable | 47/48 | €59,030 | €42,130 | -€16,900 | -28.6% |
| Accrued charges and deferred income | 492/3 | - | €378 | +€378 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,315 | €56,315 | -€0 | 0.0% |
| Other operating charges | 640/8 | €2,999 | €2,774 | -€225 | -7.5% |
| Gross operating margin | 9900 | €61,691 | €59,215 | -€2,476 | -4.0% |
| Operating profit (loss) | 9901 | €2,377 | €126 | -€2,251 | -94.7% |
| Financial charges | 65/66B | €7,730 | €7,134 | -€595 | -7.7% |
| Recurring financial charges | 65 | €7,730 | €7,134 | -€595 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | -€5,353 | -€7,009 | -€1,656 | -30.9% |
| Profit (loss) for the period | 9904 | -€5,353 | -€7,009 | -€1,656 | -30.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,353 | -€7,009 | -€1,656 | -30.9% |
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 28 September 2026 via checked.be.