Raderma: 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
Raderma
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€22,565
2023 · €1.4m-€1.4m
Equity
€3.1m
2023 · €3.1m-€22,565
Cash
€362,971
2023 · €202,773+€160,198
Balance sheet total
€6.5m
2023 · €6.2m+€318,917
Largest movements
Assets
- Current investments -€1.5m
down €1.5m (-61.6%), from €2.4m to €903,762
- Receivables within one year +€652,397
up €652,397 (+7513.3%), from €8,683 to €661,080
of which Other amounts receivable: +€654,696
- Stocks and contracts +€574,842
new in 2024: €574,842
- Tangible fixed assets +€400,082
up €400,082 (+11.7%), from €3.4m to €3.8m
of which Land and buildings: +€254,236
- Cash +€160,198
up €160,198 (+79.0%), from €202,773 to €362,971
mainly Current investments (+€1.5m) and Other debts (+€355,163)
Equity and liabilities
- Other debts +€355,163
up €355,163 (+45.2%), from €786,282 to €1.1m
Income statement
- Gross operating margin -€1.6m
down €1.6m (-94.0%), from €1.7m to €105,337
- Taxes -€277,767
down €277,767 (-99.7%), from €278,541 to €775
- Provisions +€96,579
no longer reported in 2024 (was -€96,579)
- Financial income +€78,283
up €78,283 (+217.6%), from €35,971 to €114,253
- Financial charges +€33,457
up €33,457 (+38.6%), from €86,667 to €120,124
From the 2023 result to the 2024 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 2023
€1.4m
Gross operating margin
-€1.6m
Depreciation
+€5,124
Provisions
-€96,579
Other operating charges
+€5,225
Other operating items
+€4,225
Financial income
+€78,283
Financial charges
-€33,457
Taxes
+€277,767
Deferred taxes and other
-€542
Result 2024
-€22,565
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€726,876
Investment
+€937,693
Financing
-€50,619
Cash 2023
€202,773
From operations (derived)
-€726,876
Net result for the year
-€22,565
Depreciation
+€112,225
Stocks and contracts
-€574,842
Receivables within one year
-€652,397
Deferred charges and accrued income
+€18,603
Provisions
-€8,080
Trade debts
+€18,301
Tax, wage and social debts
+€10,267
Other debts
+€355,163
Accrued charges and deferred income
+€16,449
Investment (derived)
+€937,693
Investment in fixed assets (net)
-€512,307
Current investments
+€1.5m
Financing
-€50,619
Debts after one year
-€27,320
Current portion of long-term debt
-€23,299
Cash 2024
€362,971
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,195,661 | €6,514,578 | +€318,917 | +5.1% |
| Fixed assets | 21/28 | €3,433,952 | €3,834,034 | +€400,082 | +11.7% |
| Tangible fixed assets | 22/27 | €3,433,853 | €3,833,935 | +€400,082 | +11.7% |
| Land and buildings | 22 | €3,413,042 | €3,667,278 | +€254,236 | +7.4% |
| Plant, machinery and equipment | 23 | €400 | €110 | -€290 | -72.5% |
| Furniture and vehicles | 24 | €20,411 | €19,745 | -€666 | -3.3% |
| Assets under construction and advance payments | 27 | - | €146,802 | +€146,802 | |
| Financial fixed assets | 28 | €99 | €99 | = | 0.0% |
| Current assets | 29/58 | €2,761,709 | €2,680,544 | -€81,166 | -2.9% |
| Amounts receivable after more than one year | 29 | €168,750 | €168,750 | = | 0.0% |
| Other amounts receivable | 291 | €168,750 | €168,750 | = | 0.0% |
| Stocks and contracts in progress | 3 | - | €574,842 | +€574,842 | |
| Stocks | 30/36 | - | €574,842 | +€574,842 | |
| Amounts receivable within one year | 40/41 | €8,683 | €661,080 | +€652,397 | +7513.3% |
| Trade receivables | 40 | €2,299 | - | -€2,299 | |
| Other amounts receivable | 41 | €6,384 | €661,080 | +€654,696 | +10255.2% |
| Current investments | 50/53 | €2,353,762 | €903,762 | -€1.5m | -61.6% |
| Cash at bank and in hand | 54/58 | €202,773 | €362,971 | +€160,198 | +79.0% |
| Deferred charges and accrued income | 490/1 | €27,741 | €9,138 | -€18,603 | -67.1% |
| Total equity and liabilities | 10/49 | €6,195,661 | €6,514,578 | +€318,917 | +5.1% |
| Equity | 10/15 | €3,120,337 | €3,097,773 | -€22,565 | -0.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €3,095,337 | €3,072,773 | -€22,565 | -0.7% |
| Non-distributable reserves | 130/1 | €9,322 | €9,322 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,322 | €9,322 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,186,899 | €1,162,659 | -€24,240 | -2.0% |
| Distributable reserves | 133 | €1,899,117 | €1,900,792 | +€1,675 | +0.1% |
| Provisions and deferred taxes | 16 | €395,633 | €387,553 | -€8,080 | -2.0% |
| Deferred taxes | 168 | €395,633 | €387,553 | -€8,080 | -2.0% |
| Amounts payable | 17/49 | €2,679,691 | €3,029,252 | +€349,562 | +13.0% |
| Amounts payable after more than one year | 17 | €1,504,804 | €1,477,484 | -€27,320 | -1.8% |
| Financial debts | 170/4 | €27,320 | - | -€27,320 | |
| Other amounts payable | 178/9 | €1,477,484 | €1,477,484 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,106,822 | €1,467,255 | +€360,433 | +32.6% |
| Current portion of amounts payable after more than one year | 42 | €23,299 | - | -€23,299 | |
| Trade debts | 44 | €1,909 | €20,210 | +€18,301 | +958.9% |
| Suppliers | 440/4 | €1,909 | €20,210 | +€18,301 | +958.9% |
| Taxes, remuneration and social security | 45 | €295,332 | €305,599 | +€10,267 | +3.5% |
| Taxes | 450/3 | €295,332 | €305,599 | +€10,267 | +3.5% |
| Other amounts payable | 47/48 | €786,282 | €1,141,445 | +€355,163 | +45.2% |
| Accrued charges and deferred income | 492/3 | €68,064 | €84,513 | +€16,449 | +24.2% |
| Non-recurring operating income | 76A | €1,710,333 | - | -€1.7m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,350 | €112,225 | -€5,124 | -4.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€96,579 | - | +€96,579 | |
| Other operating charges | 640/8 | €22,336 | €17,111 | -€5,225 | -23.4% |
| Non-recurring operating charges | 66A | €4,225 | - | -€4,225 | |
| Gross operating margin | 9900 | €1,749,369 | €105,337 | -€1.6m | -94.0% |
| Operating profit (loss) | 9901 | €1,702,038 | -€23,999 | -€1.7m | |
| Financial income | 75/76B | €35,971 | €114,253 | +€78,283 | +217.6% |
| Recurring financial income | 75 | €35,971 | €114,253 | +€78,283 | +217.6% |
| Financial charges | 65/66B | €86,667 | €120,124 | +€33,457 | +38.6% |
| Recurring financial charges | 65 | €86,667 | €120,124 | +€33,457 | +38.6% |
| Profit (loss) for the period before taxes | 9903 | €1,651,342 | -€29,870 | -€1.7m | |
| Transfer from deferred taxes | 780 | €8,622 | €8,080 | -€542 | -6.3% |
| Income taxes | 67/77 | €278,541 | €775 | -€277,767 | -99.7% |
| Profit (loss) for the period | 9904 | €1,381,423 | -€22,565 | -€1.4m | |
| Transfer from tax-exempt reserves | 789 | €25,867 | €24,240 | -€1,627 | -6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,407,290 | €1,675 | -€1.4m | -99.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.