Radiation Based Crosslink: 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.
Radiation Based Crosslink
Largest movements
- Tangible fixed assets +€177,829
up €177,829 (+76.7%), from €231,897 to €409,726
of which Plant, machinery and equipment: +€98,869
- Receivables within one year -€169,157
down €169,157 (-34.5%), from €490,768 to €321,611
of which Trade receivables: -€147,476
- Cash -€94,580
down €94,580 (-52.0%), from €182,027 to €87,447
mainly Investment in fixed assets (net) (-€257,492) and Net result for the year (-€136,764)
- Stocks and contracts +€34,978
up €34,978 (+5.7%), from €615,792 to €650,770
of which Contracts in progress: +€95,982
- Profit (loss) carried forward -€136,764
down €136,764 (-95.6%), from €142,985 to €6,221
- Debts after one year +€50,856
up €50,856 (+23.6%), from €215,694 to €266,550
- Current portion of long-term debt +€33,805
up €33,805 (+54.5%), from €61,972 to €95,777
- Tax, wage and social debts +€23,355
up €23,355 (+30.3%), from €77,143 to €100,499
of which Remuneration and social security: +€22,929
- Staff costs +€176,313
up €176,313 (+75.3%), from €234,227 to €410,540
- Gross operating margin -€170,233
down €170,233 (-31.5%), from €540,571 to €370,337
- Taxes -€56,675
down €56,675 (-99.4%), from €57,036 to €361
- Depreciation +€41,055
up €41,055 (+116.0%), from €35,391 to €76,446
- Financial charges +€16,979
up €16,979 (+377.2%), from €4,502 to €21,481
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 | €1,545,301 | €1,490,094 | -€55,207 | -3.6% |
| Fixed assets | 21/28 | €244,874 | €425,920 | +€181,046 | +73.9% |
| Intangible fixed assets | 21 | €12,976 | €15,822 | +€2,845 | +21.9% |
| Tangible fixed assets | 22/27 | €231,897 | €409,726 | +€177,829 | +76.7% |
| Plant, machinery and equipment | 23 | €146,675 | €245,544 | +€98,869 | +67.4% |
| Furniture and vehicles | 24 | €26,157 | €82,248 | +€56,091 | +214.4% |
| Other tangible fixed assets | 26 | €59,066 | €81,934 | +€22,868 | +38.7% |
| Financial fixed assets | 28 | €0 | €372 | +€372 | |
| Current assets | 29/58 | €1,300,427 | €1,064,174 | -€236,253 | -18.2% |
| Stocks and contracts in progress | 3 | €615,792 | €650,770 | +€34,978 | +5.7% |
| Stocks | 30/36 | €540,885 | €479,881 | -€61,004 | -11.3% |
| Contracts in progress | 37 | €74,907 | €170,889 | +€95,982 | +128.1% |
| Amounts receivable within one year | 40/41 | €490,768 | €321,611 | -€169,157 | -34.5% |
| Trade receivables | 40 | €439,244 | €291,768 | -€147,476 | -33.6% |
| Other amounts receivable | 41 | €51,524 | €29,843 | -€21,681 | -42.1% |
| Cash at bank and in hand | 54/58 | €182,027 | €87,447 | -€94,580 | -52.0% |
| Deferred charges and accrued income | 490/1 | €11,840 | €4,345 | -€7,494 | -63.3% |
| Total equity and liabilities | 10/49 | €1,545,301 | €1,490,094 | -€55,207 | -3.6% |
| Equity | 10/15 | €167,985 | €31,221 | -€136,764 | -81.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €142,985 | €6,221 | -€136,764 | -95.6% |
| Amounts payable | 17/49 | €1,377,316 | €1,458,873 | +€81,557 | +5.9% |
| Amounts payable after more than one year | 17 | €215,694 | €266,550 | +€50,856 | +23.6% |
| Financial debts | 170/4 | €215,694 | €266,550 | +€50,856 | +23.6% |
| Amounts payable within one year | 42/48 | €1,161,622 | €1,191,632 | +€30,009 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €61,972 | €95,777 | +€33,805 | +54.5% |
| Trade debts | 44 | €238,127 | €225,975 | -€12,151 | -5.1% |
| Suppliers | 440/4 | €238,127 | €225,975 | -€12,151 | -5.1% |
| Advances received on contracts in progress | 46 | €15,000 | €0 | -€15,000 | -100.0% |
| Taxes, remuneration and social security | 45 | €77,143 | €100,499 | +€23,355 | +30.3% |
| Taxes | 450/3 | €58,755 | €59,181 | +€426 | +0.7% |
| Remuneration and social security | 454/9 | €18,388 | €41,317 | +€22,929 | +124.7% |
| Other amounts payable | 47/48 | €769,380 | €769,380 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €691 | +€691 | |
| Remuneration, social security and pensions | 62 | €234,227 | €410,540 | +€176,313 | +75.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,391 | €76,446 | +€41,055 | +116.0% |
| Other operating charges | 640/8 | €5,498 | €6,809 | +€1,311 | +23.8% |
| Non-recurring operating charges | 66A | €31,263 | €0 | -€31,263 | -100.0% |
| Gross operating margin | 9900 | €540,571 | €370,337 | -€170,233 | -31.5% |
| Operating profit (loss) | 9901 | €234,191 | -€123,458 | -€357,649 | |
| Financial income | 75/76B | €6,125 | €8,536 | +€2,411 | +39.4% |
| Recurring financial income | 75 | €6,125 | €8,536 | +€2,411 | +39.4% |
| Financial charges | 65/66B | €4,502 | €21,481 | +€16,979 | +377.2% |
| Recurring financial charges | 65 | €4,502 | €21,481 | +€16,979 | +377.2% |
| Profit (loss) for the period before taxes | 9903 | €235,814 | -€136,403 | -€372,217 | |
| Income taxes | 67/77 | €57,036 | €361 | -€56,675 | -99.4% |
| Profit (loss) for the period | 9904 | €178,778 | -€136,764 | -€315,542 | |
| Profit (loss) for the period to be appropriated | 9905 | €178,778 | -€136,764 | -€315,542 |
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 9 October 2026 via checked.be.