RADIANT: 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.
RADIANT
Largest movements
- Stocks and contracts -€67,646
down €67,646 (-43.0%), from €157,458 to €89,813
- Receivables within one year -€40,426
down €40,426 (-51.7%), from €78,144 to €37,718
of which Trade receivables: -€31,258
- Cash -€11,057
down €11,057 (-12.1%), from €91,502 to €80,445
mainly Other debts (-€60,519) and Trade debts (-€36,887)
- Other debts -€60,519
no longer reported in 2025 (was €60,519)
- Trade debts -€36,887
down €36,887 (-56.7%), from €65,061 to €28,174
- Reserves -€19,442
down €19,442 (-10.7%), from €182,364 to €162,923
of which Distributable reserves: -€17,582
- Advances received -€3,885
no longer reported in 2025 (was €3,885)
- Gross operating margin -€168,984
down €168,984, from €152,876 to -€16,108
- Financial charges +€2,320
up €2,320 (+895.4%), from €259 to €2,579
- Taxes -€1,930
down €1,930 (-52.0%), from €3,715 to €1,785
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 | €340,805 | €219,855 | -€120,951 | -35.5% |
| Fixed assets | 21/28 | €438 | - | -€438 | |
| Intangible fixed assets | 21 | €438 | - | -€438 | |
| Current assets | 29/58 | €340,367 | €219,855 | -€120,512 | -35.4% |
| Stocks and contracts in progress | 3 | €157,458 | €89,813 | -€67,646 | -43.0% |
| Stocks | 30/36 | €157,458 | €89,813 | -€67,646 | -43.0% |
| Amounts receivable within one year | 40/41 | €78,144 | €37,718 | -€40,426 | -51.7% |
| Trade receivables | 40 | €40,070 | €8,811 | -€31,258 | -78.0% |
| Other amounts receivable | 41 | €38,074 | €28,906 | -€9,168 | -24.1% |
| Cash at bank and in hand | 54/58 | €91,502 | €80,445 | -€11,057 | -12.1% |
| Deferred charges and accrued income | 490/1 | €13,263 | €11,879 | -€1,384 | -10.4% |
| Total equity and liabilities | 10/49 | €340,805 | €219,855 | -€120,951 | -35.5% |
| Equity | 10/15 | €200,964 | €181,523 | -€19,442 | -9.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €182,364 | €162,923 | -€19,442 | -10.7% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €180,504 | €162,923 | -€17,582 | -9.7% |
| Amounts payable | 17/49 | €139,841 | €38,332 | -€101,509 | -72.6% |
| Amounts payable within one year | 42/48 | €139,745 | €38,332 | -€101,413 | -72.6% |
| Trade debts | 44 | €65,061 | €28,174 | -€36,887 | -56.7% |
| Suppliers | 440/4 | €65,061 | €28,174 | -€36,887 | -56.7% |
| Advances received on contracts in progress | 46 | €3,885 | - | -€3,885 | |
| Taxes, remuneration and social security | 45 | €10,279 | €10,158 | -€121 | -1.2% |
| Taxes | 450/3 | €10,279 | €10,158 | -€121 | -1.2% |
| Other amounts payable | 47/48 | €60,519 | - | -€60,519 | |
| Accrued charges and deferred income | 492/3 | €96 | - | -€96 | |
| Non-recurring operating income | 76A | €4,272 | - | -€4,272 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €505 | €438 | -€67 | -13.3% |
| Other operating charges | 640/8 | €764 | €347 | -€418 | -54.7% |
| Gross operating margin | 9900 | €152,876 | -€16,108 | -€168,984 | |
| Operating profit (loss) | 9901 | €151,607 | -€16,893 | -€168,499 | |
| Financial income | 75/76B | €3,161 | €1,815 | -€1,346 | -42.6% |
| Recurring financial income | 75 | €3,161 | €1,815 | -€1,346 | -42.6% |
| Financial charges | 65/66B | €259 | €2,579 | +€2,320 | +895.4% |
| Recurring financial charges | 65 | €259 | €2,579 | +€2,320 | +895.4% |
| Profit (loss) for the period before taxes | 9903 | €154,509 | -€17,657 | -€172,166 | |
| Income taxes | 67/77 | €3,715 | €1,785 | -€1,930 | -52.0% |
| Profit (loss) for the period | 9904 | €150,794 | -€19,442 | -€170,235 | |
| Profit (loss) for the period to be appropriated | 9905 | €150,794 | -€19,442 | -€170,235 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.