RADIONOMY: 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
RADIONOMY
NACE 73.110, Advertising agencies
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€3.4m
2023 · -€770,347-€2.6m
Equity
-€18.7m
2023 · -€15.4m-€3.4m
Cash
€76,364
2023 · €8,814+€67,550
Balance sheet total
€10.7m
2023 · €11.5m-€718,560
Largest movements
Assets
- Financial fixed assets -€3.6m
down €3.6m (-100.0%), from €3.6m to €50
of which Affiliated companies: -€3.6m
- Receivables within one year +€3.6m
up €3.6m (+58.1%), from €6.1m to €9.7m
of which Trade receivables: +€3.5m
- Intangible fixed assets -€721,109
down €721,109 (-43.0%), from €1.7m to €956,875
Equity and liabilities
- Profit (loss) carried forward -€3.4m
down €3.4m (-18.2%), from -€18.6m to -€22.0m
- Other debts +€1.7m
up €1.7m (+5383.2%), from €32,358 to €1.8m
- Trade debts +€1.2m
up €1.2m (+203.1%), from €610,379 to €1.9m
- Tax, wage and social debts -€279,023
down €279,023 (-31.7%), from €880,977 to €601,954
of which Taxes: -€191,627
Income statement
- Financial charges +€2.4m
up €2.4m (+179.1%), from €1.3m to €3.7m
of which Non-recurring financial charges: +€3.6m
- Staff costs -€830,544
down €830,544 (-52.3%), from €1.6m to €757,953
- Turnover +€281,983
up €281,983 (+10.9%), from €2.6m to €2.9m
- Depreciation -€105,243
down €105,243 (-12.7%), from €827,776 to €722,533
- Taxes +€100,622
new in 2024: €100,622
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.
Result 2023
-€770,347
Turnover
+€281,983
Other operating income
-€41,239
Services and other goods
-€22,059
Staff costs
+€830,544
Depreciation
+€105,243
Write-downs
+€80,964
Provisions
+€53,114
Other operating charges
+€77,508
Other operating items
-€1.5m
Financial income
+€1,901
Financial charges
-€2.4m
Taxes
-€100,622
Result 2024
-€3.4m
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.
From operations
-€3.5m
Investment
+€3.6m
Financing
-€22,127
Cash 2023
€8,814
From operations (derived)
-€3.5m
Net result for the year
-€3.4m
Depreciation
+€722,533
Receivables within one year
-€3.6m
Smaller working-capital items
+€51
Provisions
-€16,978
Trade debts
+€1.2m
Tax, wage and social debts
-€279,023
Other debts
+€1.7m
Investment (derived)
+€3.6m
Investment in fixed assets (net)
+€3.6m
Financing
-€22,127
Short-term financial debts
-€22,127
Cash 2024
€76,364
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,458,350 | €10,739,790 | -€718,560 | -6.3% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €5,301,015 | €956,925 | -€4.3m | -81.9% |
| Intangible fixed assets | 21 | €1,677,984 | €956,875 | -€721,109 | -43.0% |
| Tangible fixed assets | 22/27 | €1,424 | €0 | -€1,424 | -100.0% |
| Furniture and vehicles | 24 | €1,424 | €0 | -€1,424 | -100.0% |
| Financial fixed assets | 28 | €3,621,607 | €50 | -€3.6m | -100.0% |
| Affiliated companies | 280/1 | €3,621,557 | - | -€3.6m | |
| Participating interests | 280 | €3,621,557 | - | -€3.6m | |
| Other financial fixed assets | 284/8 | €50 | €50 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €6,157,335 | €9,782,865 | +€3.6m | +58.9% |
| Amounts receivable within one year | 40/41 | €6,135,105 | €9,697,832 | +€3.6m | +58.1% |
| Trade receivables | 40 | €5,933,503 | €9,479,398 | +€3.5m | +59.8% |
| Other amounts receivable | 41 | €201,601 | €218,434 | +€16,833 | +8.3% |
| Cash at bank and in hand | 54/58 | €8,814 | €76,364 | +€67,550 | +766.4% |
| Deferred charges and accrued income | 490/1 | €13,417 | €8,669 | -€4,748 | -35.4% |
| Total equity and liabilities | 10/49 | €11,458,350 | €10,739,790 | -€718,560 | -6.3% |
| Equity | 10/15 | -€15,368,899 | -€18,746,356 | -€3.4m | -22.0% |
| Contributions | 10/11 | €3,215,697 | €3,215,697 | = | 0.0% |
| Capital | 10 | €3,215,697 | €3,215,697 | = | 0.0% |
| Issued capital | 100 | €3,215,697 | €3,215,697 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,584,596 | -€21,962,053 | -€3.4m | -18.2% |
| Provisions and deferred taxes | 16 | €36,136 | €19,159 | -€16,978 | -47.0% |
| Provisions for liabilities and charges | 160/5 | €36,136 | €19,159 | -€16,978 | -47.0% |
| Other liabilities and charges | 164/5 | €36,136 | €19,159 | -€16,978 | -47.0% |
| Amounts payable | 17/49 | €26,791,113 | €29,466,988 | +€2.7m | +10.0% |
| Amounts payable after more than one year | 17 | €25,219,215 | €25,219,215 | = | 0.0% |
| Financial debts | 170/4 | €25,219,215 | €25,219,215 | = | 0.0% |
| Other loans | 174 | €25,219,215 | €25,219,215 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,545,841 | €4,226,413 | +€2.7m | +173.4% |
| Financial debts | 43 | €22,127 | - | -€22,127 | |
| Credit institutions | 430/8 | €22,127 | - | -€22,127 | |
| Trade debts | 44 | €610,379 | €1,850,175 | +€1.2m | +203.1% |
| Suppliers | 440/4 | €610,379 | €1,850,175 | +€1.2m | +203.1% |
| Taxes, remuneration and social security | 45 | €880,977 | €601,954 | -€279,023 | -31.7% |
| Taxes | 450/3 | €325,240 | €133,614 | -€191,627 | -58.9% |
| Remuneration and social security | 454/9 | €555,736 | €468,340 | -€87,396 | -15.7% |
| Other amounts payable | 47/48 | €32,358 | €1,774,285 | +€1.7m | +5383.2% |
| Accrued charges and deferred income | 492/3 | €26,057 | €21,360 | -€4,697 | -18.0% |
| Operating income | 70/76A | €4,102,964 | €2,987,775 | -€1.1m | -27.2% |
| Turnover | 70 | €2,598,794 | €2,880,776 | +€281,983 | +10.9% |
| Own construction capitalised | 72 | €1,353,613 | - | -€1.4m | |
| Other operating income | 74 | €104,399 | €63,161 | -€41,239 | -39.5% |
| Non-recurring operating income | 76A | €46,159 | €43,838 | -€2,320 | -5.0% |
| Operating charges | 60/66A | €3,543,248 | €2,535,262 | -€1.0m | -28.4% |
| Services and other goods | 61 | €930,099 | €952,158 | +€22,059 | +2.4% |
| Remuneration, social security and pensions | 62 | €1,588,497 | €757,953 | -€830,544 | -52.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €827,776 | €722,533 | -€105,243 | -12.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €80,964 | - | -€80,964 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €36,136 | -€16,978 | -€53,114 | |
| Other operating charges | 640/8 | €79,776 | €2,267 | -€77,508 | -97.2% |
| Non-recurring operating charges | 66A | - | €117,329 | +€117,329 | |
| Operating profit (loss) | 9901 | €559,716 | €452,513 | -€107,203 | -19.2% |
| Financial income | 75/76B | €10,380 | €12,282 | +€1,901 | +18.3% |
| Recurring financial income | 75 | €10,380 | €12,282 | +€1,901 | +18.3% |
| Income from financial fixed assets | 750 | €1,973 | - | -€1,973 | |
| Other financial income | 752/9 | €8,408 | €12,282 | +€3,874 | +46.1% |
| Financial charges | 65/66B | €1,340,444 | €3,741,630 | +€2.4m | +179.1% |
| Recurring financial charges | 65 | €1,340,444 | €120,073 | -€1.2m | -91.0% |
| Debt charges | 650 | €1,321,018 | €103,876 | -€1.2m | -92.1% |
| Other financial charges | 652/9 | €19,425 | €16,197 | -€3,229 | -16.6% |
| Non-recurring financial charges | 66B | - | €3,621,557 | +€3.6m | |
| Profit (loss) for the period before taxes | 9903 | -€770,347 | -€3,276,835 | -€2.5m | -325.4% |
| Income taxes | 67/77 | - | €100,622 | +€100,622 | |
| Taxes | 670/3 | - | €100,622 | +€100,622 | |
| Profit (loss) for the period | 9904 | -€770,347 | -€3,377,457 | -€2.6m | -338.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€770,347 | -€3,377,457 | -€2.6m | -338.4% |
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 4 October 2026 via checked.be.