RADHAKRISHAN: 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.
RADHAKRISHAN
Largest movements
- Receivables within one year +€75,042
up €75,042 (+550.4%), from €13,635 to €88,677
of which Trade receivables: +€63,889
- Cash +€7,890
up €7,890 (+31.4%), from €25,132 to €33,022
mainly Trade debts (+€57,888) and Other debts (+€12,891)
- Intangible fixed assets -€3,500
down €3,500 (-16.7%), from €21,000 to €17,500
- Stocks and contracts -€2,005
down €2,005 (-3.2%), from €62,230 to €60,225
- Trade debts +€57,888
up €57,888 (+214.5%), from €26,992 to €84,880
- Other debts +€12,891
up €12,891 (+16.5%), from €78,185 to €91,076
- Profit (loss) carried forward +€4,922
up €4,922 (+45.9%), from €10,716 to €15,639
- Gross operating margin -€5,962
down €5,962 (-28.3%), from €21,095 to €15,133
- Financial charges +€2,427
up €2,427 (+505.7%), from €480 to €2,907
- Taxes -€1,885
down €1,885 (-53.5%), from €3,525 to €1,641
- Other operating charges -€563
down €563 (-22.9%), from €2,452 to €1,890
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €122,357 | €199,699 | +€77,342 | +63.2% |
| Formation expenses | 20 | €226 | €43 | -€183 | -81.1% |
| Fixed assets | 21/28 | €21,135 | €17,500 | -€3,635 | -17.2% |
| Intangible fixed assets | 21 | €21,000 | €17,500 | -€3,500 | -16.7% |
| Tangible fixed assets | 22/27 | €135 | €0 | -€135 | -100.0% |
| Plant, machinery and equipment | 23 | €135 | €0 | -€135 | -100.0% |
| Current assets | 29/58 | €100,996 | €182,157 | +€81,160 | +80.4% |
| Stocks and contracts in progress | 3 | €62,230 | €60,225 | -€2,005 | -3.2% |
| Stocks | 30/36 | €62,230 | €60,225 | -€2,005 | -3.2% |
| Amounts receivable within one year | 40/41 | €13,635 | €88,677 | +€75,042 | +550.4% |
| Trade receivables | 40 | - | €63,889 | +€63,889 | |
| Other amounts receivable | 41 | €13,635 | €24,788 | +€11,153 | +81.8% |
| Cash at bank and in hand | 54/58 | €25,132 | €33,022 | +€7,890 | +31.4% |
| Deferred charges and accrued income | 490/1 | - | €233 | +€233 | |
| Total equity and liabilities | 10/49 | €122,357 | €199,699 | +€77,342 | +63.2% |
| Equity | 10/15 | €13,716 | €18,639 | +€4,922 | +35.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,716 | €15,639 | +€4,922 | +45.9% |
| Amounts payable | 17/49 | €108,641 | €181,061 | +€72,420 | +66.7% |
| Amounts payable within one year | 42/48 | €108,641 | €181,061 | +€72,420 | +66.7% |
| Trade debts | 44 | €26,992 | €84,880 | +€57,888 | +214.5% |
| Suppliers | 440/4 | €26,992 | €84,880 | +€57,888 | +214.5% |
| Taxes, remuneration and social security | 45 | €3,463 | €5,104 | +€1,641 | +47.4% |
| Taxes | 450/3 | €3,463 | €5,104 | +€1,641 | +47.4% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €78,185 | €91,076 | +€12,891 | +16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,859 | €3,818 | -€41 | -1.1% |
| Other operating charges | 640/8 | €2,452 | €1,890 | -€563 | -22.9% |
| Non-recurring operating charges | 66A | €450 | - | -€450 | |
| Gross operating margin | 9900 | €21,095 | €15,133 | -€5,962 | -28.3% |
| Operating profit (loss) | 9901 | €14,333 | €9,425 | -€4,909 | -34.2% |
| Financial income | 75/76B | €0 | €45 | +€45 | +225950.0% |
| Recurring financial income | 75 | €0 | €45 | +€45 | +225950.0% |
| Financial charges | 65/66B | €480 | €2,907 | +€2,427 | +505.7% |
| Recurring financial charges | 65 | €480 | €2,907 | +€2,427 | +505.7% |
| Profit (loss) for the period before taxes | 9903 | €13,853 | €6,563 | -€7,290 | -52.6% |
| Income taxes | 67/77 | €3,525 | €1,641 | -€1,885 | -53.5% |
| Profit (loss) for the period | 9904 | €10,328 | €4,922 | -€5,406 | -52.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,328 | €4,922 | -€5,406 | -52.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.