RADES IMMO: 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.
RADES IMMO
Largest movements
- Tangible fixed assets -€7,023
down €7,023 (-2.7%), from €255,474 to €248,451
of which Land and buildings: -€7,023
- Other debts -€18,000
down €18,000 (-42.8%), from €42,098 to €24,098
- Debts after one year -€13,471
down €13,471 (-8.5%), from €158,347 to €144,875
- Profit (loss) carried forward +€10,478
up €10,478 (+40.8%), from €25,700 to €36,178
- Trade debts +€9,866
up €9,866 (+2,427%), from €406 to €10,273
- Accrued charges and deferred income +€2,560
up €2,560 (+582%), from €440 to €3,000
- Gross operating margin +€3,609
up €3,609 (+11.0%), from €32,763 to €36,373
- Depreciation -€1,607
down €1,607 (-8.5%), from €18,903 to €17,296
- Taxes +€978
up €978 (+43.3%), from €2,257 to €3,236
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 | €255,919 | €248,861 | -€7,058 | -2.8% |
| Fixed assets | 21/28 | €255,474 | €248,451 | -€7,023 | -2.7% |
| Tangible fixed assets | 22/27 | €255,474 | €248,451 | -€7,023 | -2.7% |
| Land and buildings | 22 | €255,474 | €248,451 | -€7,023 | -2.7% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €445 | €410 | -€36 | -8.0% |
| Amounts receivable within one year | 40/41 | €197 | €0 | -€197 | -100% |
| Trade receivables | 40 | €197 | €0 | -€197 | -100% |
| Cash at bank and in hand | 54/58 | €184 | €358 | +€174 | +94.7% |
| Deferred charges and accrued income | 490/1 | €65 | €52 | -€13 | -19.5% |
| Total equity and liabilities | 10/49 | €255,919 | €248,861 | -€7,058 | -2.8% |
| Equity | 10/15 | €39,172 | €49,650 | +€10,478 | +26.7% |
| Contributions | 10/11 | €11,612 | €11,612 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,700 | €36,178 | +€10,478 | +40.8% |
| Amounts payable | 17/49 | €216,747 | €199,211 | -€17,536 | -8.1% |
| Amounts payable after more than one year | 17 | €158,347 | €144,875 | -€13,471 | -8.5% |
| Financial debts | 170/4 | €158,347 | €144,875 | -€13,471 | -8.5% |
| Amounts payable within one year | 42/48 | €57,961 | €51,336 | -€6,625 | -11.4% |
| Current portion of amounts payable after more than one year | 42 | €13,199 | €13,471 | +€273 | +2.1% |
| Trade debts | 44 | €406 | €10,273 | +€9,866 | +2,427% |
| Suppliers | 440/4 | €406 | €10,273 | +€9,866 | +2,427% |
| Taxes, remuneration and social security | 45 | €2,257 | €3,493 | +€1,236 | +54.7% |
| Taxes | 450/3 | €2,257 | €3,493 | +€1,236 | +54.7% |
| Other amounts payable | 47/48 | €42,098 | €24,098 | -€18,000 | -42.8% |
| Accrued charges and deferred income | 492/3 | €440 | €3,000 | +€2,560 | +582% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,903 | €17,296 | -€1,607 | -8.5% |
| Other operating charges | 640/8 | €1,759 | €1,813 | +€54 | +3.1% |
| Gross operating margin | 9900 | €32,763 | €36,373 | +€3,609 | +11.0% |
| Operating profit (loss) | 9901 | €12,102 | €17,264 | +€5,163 | +42.7% |
| Financial charges | 65/66B | €3,818 | €3,551 | -€267 | -7.0% |
| Recurring financial charges | 65 | €3,818 | €3,551 | -€267 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €8,284 | €13,714 | +€5,430 | +65.5% |
| Income taxes | 67/77 | €2,257 | €3,236 | +€978 | +43.3% |
| Profit (loss) for the period | 9904 | €6,026 | €10,478 | +€4,451 | +73.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,026 | €10,478 | +€4,451 | +73.9% |
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 20 October 2026 via checked.be.