RADET: 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.
RADET
Largest movements
- Receivables within one year +€41,321
up €41,321 (+90.4%), from €45,696 to €87,017
of which Other amounts receivable: +€41,321
- Tangible fixed assets +€3,216
up €3,216 (+25.9%), from €12,436 to €15,652
of which Land and buildings: +€7,807
- Cash -€2,421
down €2,421 (-54.7%), from €4,422 to €2,002
mainly Receivables within one year (-€41,321) and Investment in fixed assets (net) (-€7,998)
- Deferred charges and accrued income +€1,505
up €1,505 (+178%), from €845 to €2,350
- Trade debts +€28,306
up €28,306 (+22,152%), from €128 to €28,433
- Reserves +€19,459
up €19,459 (+5,280%), from €369 to €19,827
- Debts after one year -€5,773
down €5,773 (-24.0%), from €24,004 to €18,231
- Current portion of long-term debt +€2,482
up €2,482 (+44.8%), from €5,544 to €8,026
- Gross operating margin -€23,562
down €23,562 (-39.5%), from €59,713 to €36,150
- Taxes -€8,159
down €8,159 (-43.1%), from €18,913 to €10,754
- Financial income -€3,075
down €3,075 (-47.7%), from €6,451 to €3,376
- Depreciation +€1,493
up €1,493 (+45.4%), from €3,290 to €4,782
- Financial charges +€872
up €872 (+36.5%), from €2,391 to €3,263
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 | €63,398 | €107,019 | +€43,621 | +68.8% |
| Fixed assets | 21/28 | €12,436 | €15,652 | +€3,216 | +25.9% |
| Tangible fixed assets | 22/27 | €12,436 | €15,652 | +€3,216 | +25.9% |
| Land and buildings | 22 | €1,648 | €9,456 | +€7,807 | +474% |
| Plant, machinery and equipment | 23 | €2,171 | €873 | -€1,298 | -59.8% |
| Furniture and vehicles | 24 | €8,617 | €5,323 | -€3,294 | -38.2% |
| Current assets | 29/58 | €50,963 | €91,368 | +€40,405 | +79.3% |
| Amounts receivable within one year | 40/41 | €45,696 | €87,017 | +€41,321 | +90.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €45,696 | €87,017 | +€41,321 | +90.4% |
| Cash at bank and in hand | 54/58 | €4,422 | €2,002 | -€2,421 | -54.7% |
| Deferred charges and accrued income | 490/1 | €845 | €2,350 | +€1,505 | +178% |
| Total equity and liabilities | 10/49 | €63,398 | €107,019 | +€43,621 | +68.8% |
| Equity | 10/15 | €18,969 | €38,427 | +€19,459 | +103% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €369 | €19,827 | +€19,459 | +5,280% |
| Distributable reserves | 133 | €369 | €19,827 | +€19,459 | +5,280% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €44,430 | €68,592 | +€24,162 | +54.4% |
| Amounts payable after more than one year | 17 | €24,004 | €18,231 | -€5,773 | -24.0% |
| Financial debts | 170/4 | €24,004 | €18,231 | -€5,773 | -24.0% |
| Amounts payable within one year | 42/48 | €20,426 | €50,360 | +€29,935 | +147% |
| Current portion of amounts payable after more than one year | 42 | €5,544 | €8,026 | +€2,482 | +44.8% |
| Financial debts | 43 | €2,497 | €1,686 | -€810 | -32.5% |
| Credit institutions | 430/8 | - | €1,686 | +€1,686 | |
| Other loans | 439 | €2,497 | €0 | -€2,497 | -100% |
| Trade debts | 44 | €128 | €28,433 | +€28,306 | +22,152% |
| Suppliers | 440/4 | €128 | €28,433 | +€28,306 | +22,152% |
| Taxes, remuneration and social security | 45 | €12,257 | €12,215 | -€43 | -0.3% |
| Taxes | 450/3 | €12,257 | €12,215 | -€43 | -0.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,290 | €4,782 | +€1,493 | +45.4% |
| Other operating charges | 640/8 | €785 | €1,268 | +€483 | +61.6% |
| Gross operating margin | 9900 | €59,713 | €36,150 | -€23,562 | -39.5% |
| Operating profit (loss) | 9901 | €55,639 | €30,100 | -€25,538 | -45.9% |
| Financial income | 75/76B | €6,451 | €3,376 | -€3,075 | -47.7% |
| Recurring financial income | 75 | €6,451 | €3,376 | -€3,075 | -47.7% |
| Financial charges | 65/66B | €2,391 | €3,263 | +€872 | +36.5% |
| Recurring financial charges | 65 | €2,391 | €3,263 | +€872 | +36.5% |
| Profit (loss) for the period before taxes | 9903 | €59,698 | €30,213 | -€29,485 | -49.4% |
| Income taxes | 67/77 | €18,913 | €10,754 | -€8,159 | -43.1% |
| Profit (loss) for the period | 9904 | €40,785 | €19,459 | -€21,326 | -52.3% |
| Profit (loss) for the period to be appropriated | 9905 | €40,785 | €19,459 | -€21,326 | -52.3% |
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 14 October 2026 via checked.be.