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RADICAL STUDIO: 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.

What changed

RADICAL STUDIO

BE 1001.544.103
NACE 90.391, Promotion and organisation of arts and performing arts events
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€6,205
2024 · €16,852-€10,646
Equity
€24,391
2024 · €19,019+€5,372
Cash
€17,553
2024 · €6,227+€11,326
Balance sheet total
€40,564
2024 · €31,077+€9,486

Largest movements

2024 to 2025
Assets
  • Cash +€11,326

    up €11,326 (+181.9%), from €6,227 to €17,553

    mainly Net result for the year (+€6,205) and Receivables within one year (+€2,240)

  • Receivables within one year -€2,240

    down €2,240 (-10.2%), from €22,005 to €19,766

    of which Trade receivables: -€4,205

  • Tangible fixed assets +€1,166

    new in 2025: €1,166

  • Deferred charges and accrued income -€766

    down €766 (-26.9%), from €2,845 to €2,079

Equity and liabilities
  • Reserves +€5,000

    up €5,000 (+33.3%), from €15,000 to €20,000

  • Trade debts +€2,079

    up €2,079 (+194.9%), from €1,067 to €3,146

  • Tax, wage and social debts +€2,035

    up €2,035 (+19.5%), from €10,409 to €12,443

Income statement
  • Gross operating margin -€11,963

    down €11,963 (-46.9%), from €25,508 to €13,546

  • Taxes -€3,705

    down €3,705 (-55.5%), from €6,680 to €2,975

  • Financial charges +€2,223

    up €2,223 (+213.6%), from €1,041 to €3,264

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €16,852
Gross operating margin -€11,963
Depreciation -€230
Other operating charges +€64
Financial charges -€2,223
Taxes +€3,705
Result 2025 €6,205

Cash bridge derived

cash 2024 to 2025

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.

From operations +€13,555
Investment -€1,396
Financing -€833
Cash 2024 €6,227
Net result for the year +€6,205
Depreciation +€230
Receivables within one year +€2,240
Deferred charges and accrued income +€766
Trade debts +€2,079
Tax, wage and social debts +€2,035
Investment in fixed assets (net) -€1,396
Contributions, distributions and other -€833
Cash 2025 €17,553
Every line side by side 33 lines
Line Code 2024 2025 Change %
Total assets 20/58 €31,077 €40,564 +€9,486 +30.5%
Fixed assets 21/28 - €1,166 +€1,166
Tangible fixed assets 22/27 - €1,166 +€1,166
Furniture and vehicles 24 - €1,166 +€1,166
Current assets 29/58 €31,077 €39,397 +€8,320 +26.8%
Amounts receivable within one year 40/41 €22,005 €19,766 -€2,240 -10.2%
Trade receivables 40 €21,737 €17,532 -€4,205 -19.3%
Other amounts receivable 41 €268 €2,233 +€1,965 +732.8%
Cash at bank and in hand 54/58 €6,227 €17,553 +€11,326 +181.9%
Deferred charges and accrued income 490/1 €2,845 €2,079 -€766 -26.9%
Total equity and liabilities 10/49 €31,077 €40,564 +€9,486 +30.5%
Equity 10/15 €19,019 €24,391 +€5,372 +28.2%
Contributions 10/11 €3,000 €3,000 = 0.0%
Reserves 13 €15,000 €20,000 +€5,000 +33.3%
Distributable reserves 133 €15,000 €20,000 +€5,000 +33.3%
Profit (loss) carried forward 14 €1,019 €1,391 +€372 +36.6%
Amounts payable 17/49 €12,059 €16,173 +€4,114 +34.1%
Amounts payable within one year 42/48 €12,059 €16,173 +€4,114 +34.1%
Trade debts 44 €1,067 €3,146 +€2,079 +194.9%
Suppliers 440/4 €1,067 €3,146 +€2,079 +194.9%
Taxes, remuneration and social security 45 €10,409 €12,443 +€2,035 +19.5%
Taxes 450/3 €10,409 €12,443 +€2,035 +19.5%
Other amounts payable 47/48 €583 €583 = 0.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 - €230 +€230
Other operating charges 640/8 €936 €872 -€64 -6.8%
Gross operating margin 9900 €25,508 €13,546 -€11,963 -46.9%
Operating profit (loss) 9901 €24,573 €12,444 -€12,128 -49.4%
Financial charges 65/66B €1,041 €3,264 +€2,223 +213.6%
Recurring financial charges 65 €1,041 €3,264 +€2,223 +213.6%
Profit (loss) for the period before taxes 9903 €23,532 €9,180 -€14,352 -61.0%
Income taxes 67/77 €6,680 €2,975 -€3,705 -55.5%
Profit (loss) for the period 9904 €16,852 €6,205 -€10,646 -63.2%
Profit (loss) for the period to be appropriated 9905 €16,852 €6,205 -€10,646 -63.2%

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 30 September 2026 via checked.be.