RADI-X: what changed
RADI-X
Largest movements
- Receivables within one year -€75,625
down €75,625 (-61.5%), from €122,900 to €47,275
of which Other amounts receivable: -€82,099
- Tangible fixed assets +€74,301
up €74,301 (+198%), from €37,548 to €111,849
of which Land and buildings: +€76,950
- Cash +€21,822
up €21,822 (+114%), from €19,168 to €40,990
mainly Net result for the year (+€133,204) and Receivables within one year (+€75,625)
- Deferred charges and accrued income +€5,975
up €5,975 (+15.7%), from €38,129 to €44,104
- Intangible fixed assets -€4,214
down €4,214 (-59.4%), from €7,089 to €2,875
- Profit (loss) carried forward -€61,796
down €61,796 (-100.0%), from €61,802 to €6
- Debts after one year +€42,838
up €42,838 (+270%), from €15,839 to €58,677
- Tax, wage and social debts +€22,658
up €22,658 (+66.3%), from €34,169 to €56,827
of which Taxes: +€19,408
- Trade debts +€19,700
up €19,700 (+2,311%), from €852 to €20,553
- Reserves -€13,000
down €13,000 (-16.2%), from €80,360 to €67,360
of which Distributable reserves: -€13,000
- Gross operating margin +€15,838
up €15,838 (+8.0%), from €198,137 to €213,975
- Taxes +€9,685
up €9,685 (+29.1%), from €33,257 to €42,942
- Staff costs -€4,639
down €4,639 (-25.7%), from €18,015 to €13,377
- Financial charges -€2,517
down €2,517 (-37.7%), from €6,675 to €4,158
- Other operating charges -€2,288
down €2,288 (-70.5%), from €3,248 to €960
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €224,834 | €247,092 | +€22,259 | +9.9% |
| Fixed assets | 21/28 | €44,637 | €114,724 | +€70,087 | +157% |
| Intangible fixed assets | 21 | €7,089 | €2,875 | -€4,214 | -59.4% |
| Tangible fixed assets | 22/27 | €37,548 | €111,849 | +€74,301 | +198% |
| Land and buildings | 22 | - | €76,950 | +€76,950 | |
| Plant, machinery and equipment | 23 | €2,342 | €3,239 | +€897 | +38.3% |
| Furniture and vehicles | 24 | €31,652 | €28,577 | -€3,075 | -9.7% |
| Other tangible fixed assets | 26 | €3,554 | €3,083 | -€471 | -13.2% |
| Current assets | 29/58 | €180,196 | €132,369 | -€47,828 | -26.5% |
| Amounts receivable within one year | 40/41 | €122,900 | €47,275 | -€75,625 | -61.5% |
| Trade receivables | 40 | - | €6,474 | +€6,474 | |
| Other amounts receivable | 41 | €122,900 | €40,801 | -€82,099 | -66.8% |
| Cash at bank and in hand | 54/58 | €19,168 | €40,990 | +€21,822 | +114% |
| Deferred charges and accrued income | 490/1 | €38,129 | €44,104 | +€5,975 | +15.7% |
| Total equity and liabilities | 10/49 | €224,834 | €247,092 | +€22,259 | +9.9% |
| Equity | 10/15 | €144,662 | €69,866 | -€74,796 | -51.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €80,360 | €67,360 | -€13,000 | -16.2% |
| Tax-exempt reserves | 132 | €67,360 | €67,360 | = | 0.0% |
| Distributable reserves | 133 | €13,000 | - | -€13,000 | |
| Profit (loss) carried forward | 14 | €61,802 | €6 | -€61,796 | -100.0% |
| Amounts payable | 17/49 | €80,172 | €177,226 | +€97,054 | +121% |
| Amounts payable after more than one year | 17 | €15,839 | €58,677 | +€42,838 | +270% |
| Financial debts | 170/4 | €15,839 | €58,677 | +€42,838 | +270% |
| Amounts payable within one year | 42/48 | €60,137 | €112,256 | +€52,119 | +86.7% |
| Current portion of amounts payable after more than one year | 42 | €8,570 | €17,472 | +€8,902 | +104% |
| Financial debts | 43 | €16,546 | €11,451 | -€5,095 | -30.8% |
| Credit institutions | 430/8 | €16,546 | €11,451 | -€5,095 | -30.8% |
| Trade debts | 44 | €852 | €20,553 | +€19,700 | +2,311% |
| Suppliers | 440/4 | €852 | €20,553 | +€19,700 | +2,311% |
| Taxes, remuneration and social security | 45 | €34,169 | €56,827 | +€22,658 | +66.3% |
| Taxes | 450/3 | €28,542 | €47,950 | +€19,408 | +68.0% |
| Remuneration and social security | 454/9 | €5,627 | €8,877 | +€3,250 | +57.7% |
| Other amounts payable | 47/48 | - | €5,954 | +€5,954 | |
| Accrued charges and deferred income | 492/3 | €4,196 | €6,294 | +€2,098 | +50.0% |
| Remuneration, social security and pensions | 62 | €18,015 | €13,377 | -€4,639 | -25.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,543 | €19,366 | -€177 | -0.9% |
| Other operating charges | 640/8 | €3,248 | €960 | -€2,288 | -70.5% |
| Non-recurring operating charges | 66A | €14,580 | - | -€14,580 | |
| Gross operating margin | 9900 | €198,137 | €213,975 | +€15,838 | +8.0% |
| Operating profit (loss) | 9901 | €142,751 | €180,273 | +€37,522 | +26.3% |
| Financial income | 75/76B | €96 | €31 | -€65 | -68.0% |
| Recurring financial income | 75 | €96 | €31 | -€65 | -68.0% |
| Financial charges | 65/66B | €6,675 | €4,158 | -€2,517 | -37.7% |
| Recurring financial charges | 65 | €6,675 | €4,158 | -€2,517 | -37.7% |
| Profit (loss) for the period before taxes | 9903 | €136,172 | €176,146 | +€39,974 | +29.4% |
| Income taxes | 67/77 | €33,257 | €42,942 | +€9,685 | +29.1% |
| Profit (loss) for the period | 9904 | €102,915 | €133,204 | +€30,289 | +29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €102,915 | €133,204 | +€30,289 | +29.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.