RADETEC: 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.
RADETEC
Largest movements
- Cash +€374,783
up €374,783 (+134%), from €279,090 to €653,874
mainly Other debts (+€1.5m) and Net result for the year (+€421,593)
- Stocks and contracts +€77,164
up €77,164 (+9.3%), from €826,406 to €903,570
- Receivables within one year -€46,312
down €46,312 (-2.5%), from €1.8m to €1.8m
of which Other amounts receivable: -€91,990
- Deferred charges and accrued income +€37,133
up €37,133 (+85.7%), from €43,308 to €80,440
- Other debts +€1.5m
new in 2025: €1.5m
- Reserves -€1.1m
down €1.1m (-52.4%), from €2.1m to €980,287
of which Distributable reserves: -€1.1m
- Financial income +€77,591
up €77,591 (+82.6%), from €93,932 to €171,523
of which Financial income: +€41,889
- Write-downs -€65,956
down €65,956, from €51,475 to -€14,481
- Staff costs +€23,590
up €23,590 (+5.3%), from €442,866 to €466,456
- Other operating charges +€21,540
up €21,540 (+710%), from €3,035 to €24,575
- Taxes +€18,331
up €18,331 (+12.9%), from €142,060 to €160,390
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 | €3,061,982 | €3,522,129 | +€460,147 | +15.0% |
| Fixed assets | 21/28 | €74,996 | €92,375 | +€17,379 | +23.2% |
| Intangible fixed assets | 21 | €0 | €13,445 | +€13,445 | +67,224,700% |
| Tangible fixed assets | 22/27 | €74,921 | €78,855 | +€3,934 | +5.3% |
| Land and buildings | 22 | €567 | €295 | -€272 | -48.0% |
| Plant, machinery and equipment | 23 | €8,254 | €26,239 | +€17,985 | +218% |
| Furniture and vehicles | 24 | €66,100 | €52,321 | -€13,779 | -20.8% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €2,986,986 | €3,429,754 | +€442,768 | +14.8% |
| Stocks and contracts in progress | 3 | €826,406 | €903,570 | +€77,164 | +9.3% |
| Stocks | 30/36 | €826,406 | €903,570 | +€77,164 | +9.3% |
| Amounts receivable within one year | 40/41 | €1,838,182 | €1,791,870 | -€46,312 | -2.5% |
| Trade receivables | 40 | €286,749 | €332,428 | +€45,678 | +15.9% |
| Other amounts receivable | 41 | €1,551,432 | €1,459,443 | -€91,990 | -5.9% |
| Cash at bank and in hand | 54/58 | €279,090 | €653,874 | +€374,783 | +134% |
| Deferred charges and accrued income | 490/1 | €43,308 | €80,440 | +€37,133 | +85.7% |
| Total equity and liabilities | 10/49 | €3,061,982 | €3,522,129 | +€460,147 | +15.0% |
| Equity | 10/15 | €2,558,694 | €1,480,287 | -€1.1m | -42.1% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €2,058,694 | €980,287 | -€1.1m | -52.4% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €89,000 | €89,000 | = | 0.0% |
| Distributable reserves | 133 | €1,919,694 | €841,287 | -€1.1m | -56.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €503,288 | €2,041,842 | +€1.5m | +306% |
| Amounts payable within one year | 42/48 | €503,288 | €2,041,842 | +€1.5m | +306% |
| Trade debts | 44 | €239,639 | €259,752 | +€20,113 | +8.4% |
| Suppliers | 440/4 | €239,639 | €259,752 | +€20,113 | +8.4% |
| Taxes, remuneration and social security | 45 | €263,649 | €282,090 | +€18,440 | +7.0% |
| Taxes | 450/3 | €193,578 | €207,023 | +€13,445 | +6.9% |
| Remuneration and social security | 454/9 | €70,071 | €75,067 | +€4,995 | +7.1% |
| Other amounts payable | 47/48 | - | €1,500,000 | +€1.5m | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €442,866 | €466,456 | +€23,590 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,289 | €34,103 | +€6,814 | +25.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €51,475 | -€14,481 | -€65,956 | |
| Other operating charges | 640/8 | €3,035 | €24,575 | +€21,540 | +710% |
| Gross operating margin | 9900 | €971,900 | €962,969 | -€8,931 | -0.9% |
| Operating profit (loss) | 9901 | €447,235 | €452,316 | +€5,081 | +1.1% |
| Financial income | 75/76B | €93,932 | €171,523 | +€77,591 | +82.6% |
| Recurring financial income | 75 | €93,932 | €135,822 | +€41,889 | +44.6% |
| Non-recurring financial income | 76B | - | €35,701 | +€35,701 | |
| Financial charges | 65/66B | €31,433 | €41,855 | +€10,422 | +33.2% |
| Recurring financial charges | 65 | €31,433 | €41,855 | +€10,422 | +33.2% |
| Profit (loss) for the period before taxes | 9903 | €509,734 | €581,984 | +€72,250 | +14.2% |
| Income taxes | 67/77 | €142,060 | €160,390 | +€18,331 | +12.9% |
| Profit (loss) for the period | 9904 | €367,674 | €421,593 | +€53,919 | +14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €367,674 | €421,593 | +€53,919 | +14.7% |
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.