RADER PARTNERSHIP: 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.
RADER PARTNERSHIP
Largest movements
- Cash +€34,980
up €34,980 (+3861.1%), from €906 to €35,886
mainly Current investments (+€29,000) and Net result for the year (+€13,258)
- Current investments -€29,000
no longer reported in 2025 (was €29,000)
- Receivables within one year +€5,658
up €5,658 (+273.4%), from €2,070 to €7,728
of which Trade receivables: +€5,657
- Tangible fixed assets -€3,894
down €3,894 (-47.4%), from €8,214 to €4,321
- Reserves +€13,258
up €13,258 (+61.6%), from €21,513 to €34,772
- Other debts -€9,326
down €9,326 (-80.5%), from €11,587 to €2,261
- Tax, wage and social debts +€4,084
up €4,084 (+74.0%), from €5,521 to €9,605
- Gross operating margin +€2,328
up €2,328 (+10.2%), from €22,857 to €25,185
- Taxes +€723
up €723 (+10.4%), from €6,942 to €7,665
- Depreciation +€426
up €426 (+12.3%), from €3,468 to €3,894
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 | €40,639 | €48,835 | +€8,195 | +20.2% |
| Fixed assets | 21/28 | €8,214 | €4,321 | -€3,894 | -47.4% |
| Tangible fixed assets | 22/27 | €8,214 | €4,321 | -€3,894 | -47.4% |
| Furniture and vehicles | 24 | €8,214 | €4,321 | -€3,894 | -47.4% |
| Current assets | 29/58 | €32,425 | €44,514 | +€12,089 | +37.3% |
| Stocks and contracts in progress | 3 | €449 | €900 | +€451 | +100.5% |
| Stocks | 30/36 | €449 | €900 | +€451 | +100.5% |
| Amounts receivable within one year | 40/41 | €2,070 | €7,728 | +€5,658 | +273.4% |
| Trade receivables | 40 | €2,070 | €7,727 | +€5,657 | +273.3% |
| Other amounts receivable | 41 | - | €1 | +€1 | |
| Current investments | 50/53 | €29,000 | - | -€29,000 | |
| Cash at bank and in hand | 54/58 | €906 | €35,886 | +€34,980 | +3861.1% |
| Total equity and liabilities | 10/49 | €40,639 | €48,835 | +€8,195 | +20.2% |
| Equity | 10/15 | €23,513 | €36,772 | +€13,258 | +56.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €21,513 | €34,772 | +€13,258 | +61.6% |
| Distributable reserves | 133 | €21,513 | €34,772 | +€13,258 | +61.6% |
| Amounts payable | 17/49 | €17,126 | €12,063 | -€5,063 | -29.6% |
| Amounts payable within one year | 42/48 | €17,126 | €12,063 | -€5,063 | -29.6% |
| Trade debts | 44 | €18 | €197 | +€179 | +996.0% |
| Suppliers | 440/4 | €18 | €197 | +€179 | +996.0% |
| Taxes, remuneration and social security | 45 | €5,521 | €9,605 | +€4,084 | +74.0% |
| Taxes | 450/3 | €5,521 | €9,605 | +€4,084 | +74.0% |
| Other amounts payable | 47/48 | €11,587 | €2,261 | -€9,326 | -80.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,468 | €3,894 | +€426 | +12.3% |
| Other operating charges | 640/8 | €284 | €248 | -€36 | -12.7% |
| Gross operating margin | 9900 | €22,857 | €25,185 | +€2,328 | +10.2% |
| Operating profit (loss) | 9901 | €19,104 | €21,043 | +€1,938 | +10.1% |
| Financial income | 75/76B | €409 | €387 | -€22 | -5.5% |
| Recurring financial income | 75 | €409 | €387 | -€22 | -5.5% |
| Financial charges | 65/66B | €471 | €506 | +€36 | +7.5% |
| Recurring financial charges | 65 | €471 | €506 | +€36 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | €19,043 | €20,923 | +€1,881 | +9.9% |
| Income taxes | 67/77 | €6,942 | €7,665 | +€723 | +10.4% |
| Profit (loss) for the period | 9904 | €12,100 | €13,258 | +€1,158 | +9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,100 | €13,258 | +€1,158 | +9.6% |
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 7 October 2026 via checked.be.