RADI'EAU: what changed
Two fiscal 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.
RADI'EAU
Largest movements
- Receivables within one year +€24,674
up €24,674 (+83.5%), from €29,551 to €54,225
of which Other amounts receivable: +€14,770
- Tangible fixed assets +€20,775
up €20,775 (+17.3%), from €120,274 to €141,049
of which Furniture and vehicles: +€19,216
- Cash +€13,500
up €13,500 (+74.7%), from €18,062 to €31,562
mainly Other debts (+€110,802) and Net result for the year (+€86,734)
- Other debts +€110,802
up €110,802 (+6506.2%), from €1,703 to €112,505
- Debts after one year -€90,875
down €90,875 (-59.6%), from €152,524 to €61,649
- Reserves +€86,000
up €86,000 (+158.2%), from €54,364 to €140,364
of which Distributable reserves: +€86,000
- Current portion of long-term debt -€35,900
down €35,900 (-65.5%), from €54,805 to €18,906
- Trade debts -€8,330
down €8,330 (-29.3%), from €28,425 to €20,096
- Gross operating margin +€95,282
up €95,282 (+75.9%), from €125,567 to €220,849
- Taxes +€26,241
up €26,241 (+178.8%), from €14,673 to €40,914
- Financial charges +€8,660
up €8,660 (+157.5%), from €5,499 to €14,159
- Staff costs +€3,777
up €3,777 (+7.4%), from €50,898 to €54,675
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.
Cash bridge derived
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 | €470,120 | €524,517 | +€54,398 | +11.6% |
| Fixed assets | 21/28 | €412,088 | €432,110 | +€20,022 | +4.9% |
| Intangible fixed assets | 21 | €1,814 | €1,061 | -€753 | -41.5% |
| Tangible fixed assets | 22/27 | €120,274 | €141,049 | +€20,775 | +17.3% |
| Plant, machinery and equipment | 23 | €12,561 | €21,621 | +€9,059 | +72.1% |
| Furniture and vehicles | 24 | €3,547 | €22,763 | +€19,216 | +541.7% |
| Leasing and similar rights | 25 | €80,812 | €70,043 | -€10,769 | -13.3% |
| Other tangible fixed assets | 26 | €23,354 | €22,622 | -€731 | -3.1% |
| Assets under construction and advance payments | 27 | - | €4,000 | +€4,000 | |
| Financial fixed assets | 28 | €290,000 | €290,000 | = | 0.0% |
| Current assets | 29/58 | €58,031 | €92,407 | +€34,376 | +59.2% |
| Amounts receivable within one year | 40/41 | €29,551 | €54,225 | +€24,674 | +83.5% |
| Trade receivables | 40 | €1,335 | €11,239 | +€9,904 | +741.9% |
| Other amounts receivable | 41 | €28,216 | €42,986 | +€14,770 | +52.3% |
| Cash at bank and in hand | 54/58 | €18,062 | €31,562 | +€13,500 | +74.7% |
| Deferred charges and accrued income | 490/1 | €10,418 | €6,619 | -€3,798 | -36.5% |
| Total equity and liabilities | 10/49 | €470,120 | €524,517 | +€54,398 | +11.6% |
| Equity | 10/15 | €218,122 | €303,997 | +€85,875 | +39.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €54,364 | €140,364 | +€86,000 | +158.2% |
| Non-distributable reserves | 130/1 | €1,864 | €1,864 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,864 | €1,864 | = | 0.0% |
| Distributable reserves | 133 | €52,500 | €138,500 | +€86,000 | +163.8% |
| Profit (loss) carried forward | 14 | €151,358 | €151,233 | -€125 | -0.1% |
| Amounts payable | 17/49 | €251,997 | €220,520 | -€31,477 | -12.5% |
| Amounts payable after more than one year | 17 | €152,524 | €61,649 | -€90,875 | -59.6% |
| Financial debts | 170/4 | €152,524 | €61,649 | -€90,875 | -59.6% |
| Amounts payable within one year | 42/48 | €99,042 | €158,871 | +€59,829 | +60.4% |
| Current portion of amounts payable after more than one year | 42 | €54,805 | €18,906 | -€35,900 | -65.5% |
| Financial debts | 43 | €2,900 | €0 | -€2,900 | -100.0% |
| Credit institutions | 430/8 | €2,900 | €0 | -€2,900 | -100.0% |
| Trade debts | 44 | €28,425 | €20,096 | -€8,330 | -29.3% |
| Suppliers | 440/4 | €28,425 | €20,096 | -€8,330 | -29.3% |
| Taxes, remuneration and social security | 45 | €11,209 | €7,365 | -€3,844 | -34.3% |
| Taxes | 450/3 | €4,710 | €258 | -€4,452 | -94.5% |
| Remuneration and social security | 454/9 | €6,499 | €7,107 | +€608 | +9.4% |
| Other amounts payable | 47/48 | €1,703 | €112,505 | +€110,802 | +6506.2% |
| Accrued charges and deferred income | 492/3 | €431 | €0 | -€431 | -100.0% |
| Non-recurring operating income | 76A | €617 | €0 | -€617 | -100.0% |
| Remuneration, social security and pensions | 62 | €50,898 | €54,675 | +€3,777 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,927 | €23,431 | -€496 | -2.1% |
| Other operating charges | 640/8 | €885 | €1,151 | +€266 | +30.0% |
| Non-recurring operating charges | 66A | €10,992 | €0 | -€10,992 | -100.0% |
| Gross operating margin | 9900 | €125,567 | €220,849 | +€95,282 | +75.9% |
| Operating profit (loss) | 9901 | €38,865 | €141,592 | +€102,727 | +264.3% |
| Financial income | 75/76B | €62 | €215 | +€153 | +244.5% |
| Recurring financial income | 75 | €62 | €215 | +€153 | +244.5% |
| Financial charges | 65/66B | €5,499 | €14,159 | +€8,660 | +157.5% |
| Recurring financial charges | 65 | €5,499 | €14,159 | +€8,660 | +157.5% |
| Profit (loss) for the period before taxes | 9903 | €33,429 | €127,648 | +€94,219 | +281.9% |
| Income taxes | 67/77 | €14,673 | €40,914 | +€26,241 | +178.8% |
| Profit (loss) for the period | 9904 | €18,756 | €86,734 | +€67,978 | +362.4% |
| Profit (loss) for the period to be appropriated | 9905 | €18,756 | €86,734 | +€67,978 | +362.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.