RADICES: 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.
RADICES
Largest movements
- Tangible fixed assets +€24,245
new in 2024: €24,245
- Cash -€16,055
down €16,055 (-100.0%), from €16,056 to €1
mainly Other debts (-€52,350) and Investment in fixed assets (net) (-€24,391)
- Other debts -€52,350
down €52,350 (-16.5%), from €316,947 to €264,597
- Short-term financial debts +€45,000
up €45,000 (+90.0%), from €50,000 to €95,000
- Trade debts +€28,816
new in 2024: €28,816
- Profit (loss) carried forward -€14,249
down €14,249 (-120.4%), from -€11,833 to -€26,082
- Gross operating margin -€7,822
down €7,822 (-1119.1%), from -€699 to -€8,521
- Financial charges -€915
down €915 (-15.3%), from €5,984 to €5,069
- Depreciation +€145
new in 2024: €145
- Other operating charges -€98
down €98 (-16.0%), from €611 to €513
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €553,607 | €561,797 | +€8,190 | +1.5% |
| Fixed assets | 21/28 | - | €24,245 | +€24,245 | |
| Tangible fixed assets | 22/27 | - | €24,245 | +€24,245 | |
| Land and buildings | 22 | - | €24,245 | +€24,245 | |
| Current assets | 29/58 | €553,607 | €537,552 | -€16,055 | -2.9% |
| Stocks and contracts in progress | 3 | €537,551 | €537,551 | = | 0.0% |
| Stocks | 30/36 | €537,551 | €537,551 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €16,056 | €1 | -€16,055 | -100.0% |
| Total equity and liabilities | 10/49 | €553,607 | €561,797 | +€8,190 | +1.5% |
| Equity | 10/15 | -€8,833 | -€23,082 | -€14,249 | -161.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,833 | -€26,082 | -€14,249 | -120.4% |
| Amounts payable | 17/49 | €562,440 | €584,879 | +€22,439 | +4.0% |
| Amounts payable within one year | 42/48 | €559,907 | €581,373 | +€21,466 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €192,960 | €192,960 | = | 0.0% |
| Financial debts | 43 | €50,000 | €95,000 | +€45,000 | +90.0% |
| Credit institutions | 430/8 | €50,000 | €95,000 | +€45,000 | +90.0% |
| Trade debts | 44 | - | €28,816 | +€28,816 | |
| Suppliers | 440/4 | - | €28,816 | +€28,816 | |
| Other amounts payable | 47/48 | €316,947 | €264,597 | -€52,350 | -16.5% |
| Accrued charges and deferred income | 492/3 | €2,533 | €3,506 | +€973 | +38.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €145 | +€145 | |
| Other operating charges | 640/8 | €611 | €513 | -€98 | -16.0% |
| Gross operating margin | 9900 | -€699 | -€8,521 | -€7,822 | -1119.1% |
| Operating profit (loss) | 9901 | -€1,310 | -€9,179 | -€7,869 | -600.5% |
| Financial charges | 65/66B | €5,984 | €5,069 | -€915 | -15.3% |
| Recurring financial charges | 65 | €5,984 | €5,069 | -€915 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | -€7,295 | -€14,249 | -€6,954 | -95.3% |
| Profit (loss) for the period | 9904 | -€7,295 | -€14,249 | -€6,954 | -95.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,295 | -€14,249 | -€6,954 | -95.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.