RADEQON: 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.
RADEQON
Largest movements
- Cash -€19,720
down €19,720 (-33.9%), from €58,245 to €38,525
mainly Contributions, distributions and other (-€35,000) and Investment in fixed assets (net) (-€1,887)
- Tangible fixed assets +€1,152
up €1,152 (+91.1%), from €1,264 to €2,415
of which Plant, machinery and equipment: +€1,752
- Reserves -€18,431
down €18,431 (-34.1%), from €54,077 to €35,646
- Gross operating margin -€19,991
down €19,991 (-46.3%), from €43,196 to €23,205
- Taxes -€4,543
down €4,543 (-45.1%), from €10,066 to €5,523
- Depreciation -€1,552
down €1,552 (-67.9%), from €2,287 to €735
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 | €74,954 | €56,085 | -€18,869 | -25.2% |
| Fixed assets | 21/28 | €1,264 | €2,415 | +€1,152 | +91.1% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €1,264 | €2,415 | +€1,152 | +91.1% |
| Plant, machinery and equipment | 23 | - | €1,752 | +€1,752 | |
| Furniture and vehicles | 24 | €1,264 | €663 | -€600 | -47.5% |
| Current assets | 29/58 | €73,690 | €53,670 | -€20,020 | -27.2% |
| Amounts receivable within one year | 40/41 | €14,953 | €14,647 | -€306 | -2.0% |
| Trade receivables | 40 | €13,976 | €13,110 | -€865 | -6.2% |
| Other amounts receivable | 41 | €978 | €1,536 | +€559 | +57.2% |
| Cash at bank and in hand | 54/58 | €58,245 | €38,525 | -€19,720 | -33.9% |
| Deferred charges and accrued income | 490/1 | €492 | €499 | +€6 | +1.3% |
| Total equity and liabilities | 10/49 | €74,954 | €56,085 | -€18,869 | -25.2% |
| Equity | 10/15 | €72,677 | €54,246 | -€18,431 | -25.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €54,077 | €35,646 | -€18,431 | -34.1% |
| Distributable reserves | 133 | €54,077 | €35,646 | -€18,431 | -34.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €2,276 | €1,839 | -€437 | -19.2% |
| Amounts payable within one year | 42/48 | €2,276 | €1,839 | -€437 | -19.2% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €2,276 | €1,839 | -€437 | -19.2% |
| Taxes | 450/3 | €2,276 | €1,839 | -€437 | -19.2% |
| Other amounts payable | 47/48 | €0 | €0 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,287 | €735 | -€1,552 | -67.9% |
| Other operating charges | 640/8 | €551 | €565 | +€14 | +2.6% |
| Gross operating margin | 9900 | €43,196 | €23,205 | -€19,991 | -46.3% |
| Operating profit (loss) | 9901 | €40,358 | €21,905 | -€18,453 | -45.7% |
| Financial income | 75/76B | €146 | €272 | +€127 | +86.9% |
| Recurring financial income | 75 | €146 | €272 | +€127 | +86.9% |
| Financial charges | 65/66B | €84 | €85 | +€1 | +1.6% |
| Recurring financial charges | 65 | €84 | €85 | +€1 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €40,420 | €22,092 | -€18,328 | -45.3% |
| Income taxes | 67/77 | €10,066 | €5,523 | -€4,543 | -45.1% |
| Profit (loss) for the period | 9904 | €30,354 | €16,569 | -€13,785 | -45.4% |
| Profit (loss) for the period to be appropriated | 9905 | €30,354 | €16,569 | -€13,785 | -45.4% |
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 13 October 2026 via checked.be.