Radhe: 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.
Radhe
Largest movements
- Receivables within one year -€379,381
down €379,381 (-95.0%), from €399,256 to €19,875
of which Trade receivables: -€396,773
- Stocks and contracts +€57,500
up €57,500 (+26.2%), from €219,500 to €277,000
- Cash +€14,310
up €14,310 (+5.9%), from €240,935 to €255,245
mainly Receivables within one year (+€379,381) and Net result for the year (+€14,697)
- Current portion of long-term debt -€316,674
down €316,674 (-61.1%), from €518,041 to €201,367
- Profit (loss) carried forward +€14,697
up €14,697 (+308%), from €4,778 to €19,474
- Trade debts -€13,297
down €13,297 (-4.2%), from €319,710 to €306,414
- Tax, wage and social debts +€8,748
up €8,748 (+93.3%), from €9,375 to €18,123
- Gross operating margin +€22,590
up €22,590 (+72.8%), from €31,039 to €53,629
- Financial charges +€8,809
up €8,809 (+14.0%), from €62,926 to €71,735
- Financial income -€4,396
down €4,396 (-9.2%), from €47,680 to €43,284
- Taxes -€586
down €586 (-6.3%), from €9,352 to €8,765
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 | €860,592 | €554,066 | -€306,526 | -35.6% |
| Fixed assets | 21/28 | €900 | €1,946 | +€1,045 | +116% |
| Tangible fixed assets | 22/27 | €900 | €446 | -€455 | -50.5% |
| Plant, machinery and equipment | 23 | €771 | €446 | -€326 | -42.2% |
| Furniture and vehicles | 24 | €129 | - | -€129 | |
| Financial fixed assets | 28 | - | €1,500 | +€1,500 | |
| Current assets | 29/58 | €859,692 | €552,120 | -€307,571 | -35.8% |
| Stocks and contracts in progress | 3 | €219,500 | €277,000 | +€57,500 | +26.2% |
| Stocks | 30/36 | €219,500 | €277,000 | +€57,500 | +26.2% |
| Amounts receivable within one year | 40/41 | €399,256 | €19,875 | -€379,381 | -95.0% |
| Trade receivables | 40 | €397,896 | €1,122 | -€396,773 | -99.7% |
| Other amounts receivable | 41 | €1,360 | €18,752 | +€17,392 | +1,279% |
| Cash at bank and in hand | 54/58 | €240,935 | €255,245 | +€14,310 | +5.9% |
| Total equity and liabilities | 10/49 | €860,592 | €554,066 | -€306,526 | -35.6% |
| Equity | 10/15 | €4,778 | €19,474 | +€14,697 | +308% |
| Profit (loss) carried forward | 14 | €4,778 | €19,474 | +€14,697 | +308% |
| Amounts payable | 17/49 | €855,814 | €534,591 | -€321,222 | -37.5% |
| Amounts payable within one year | 42/48 | €855,814 | €534,591 | -€321,222 | -37.5% |
| Current portion of amounts payable after more than one year | 42 | €518,041 | €201,367 | -€316,674 | -61.1% |
| Trade debts | 44 | €319,710 | €306,414 | -€13,297 | -4.2% |
| Suppliers | 440/4 | €319,710 | €306,414 | -€13,297 | -4.2% |
| Taxes, remuneration and social security | 45 | €9,375 | €18,123 | +€8,748 | +93.3% |
| Taxes | 450/3 | €9,375 | €18,123 | +€8,748 | +93.3% |
| Other amounts payable | 47/48 | €8,688 | €8,688 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €948 | €455 | -€494 | -52.1% |
| Other operating charges | 640/8 | €753 | €1,262 | +€509 | +67.7% |
| Gross operating margin | 9900 | €31,039 | €53,629 | +€22,590 | +72.8% |
| Operating profit (loss) | 9901 | €29,338 | €51,913 | +€22,575 | +76.9% |
| Financial income | 75/76B | €47,680 | €43,284 | -€4,396 | -9.2% |
| Recurring financial income | 75 | €47,680 | €43,284 | -€4,396 | -9.2% |
| Financial charges | 65/66B | €62,926 | €71,735 | +€8,809 | +14.0% |
| Recurring financial charges | 65 | €62,926 | €71,735 | +€8,809 | +14.0% |
| Profit (loss) for the period before taxes | 9903 | €14,092 | €23,462 | +€9,370 | +66.5% |
| Income taxes | 67/77 | €9,352 | €8,765 | -€586 | -6.3% |
| Profit (loss) for the period | 9904 | €4,740 | €14,697 | +€9,956 | +210% |
| Profit (loss) for the period to be appropriated | 9905 | €4,740 | €14,697 | +€9,956 | +210% |
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 19 October 2026 via checked.be.