Radis: 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.
Radis
Largest movements
- Tangible fixed assets +€292,616
up €292,616 (+1774.4%), from €16,491 to €309,107
of which Land and buildings: +€262,938
- Stocks and contracts +€120,096
up €120,096 (+25.7%), from €466,722 to €586,818
- Cash +€56,261
up €56,261 (+234.8%), from €23,956 to €80,217
mainly Debts after one year (+€299,942) and Short-term financial debts (+€99,363)
- Debts after one year +€299,942
up €299,942 (+186.7%), from €160,672 to €460,614
- Short-term financial debts +€99,363
up €99,363 (+59.2%), from €167,954 to €267,318
- Trade debts +€38,774
up €38,774 (+1412.7%), from €2,745 to €41,518
- Other debts +€31,088
up €31,088 (+773.3%), from €4,020 to €35,109
- Depreciation +€50,830
up €50,830 (+391.1%), from €12,997 to €63,826
- Taxes -€14,686
down €14,686 (-68.0%), from €21,587 to €6,901
- Gross operating margin -€10,484
down €10,484 (-8.4%), from €125,390 to €114,905
- Financial charges +€7,729
up €7,729 (+76.7%), from €10,073 to €17,802
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 | €535,679 | €997,447 | +€461,768 | +86.2% |
| Fixed assets | 21/28 | €16,491 | €309,107 | +€292,616 | +1774.4% |
| Tangible fixed assets | 22/27 | €16,491 | €309,107 | +€292,616 | +1774.4% |
| Land and buildings | 22 | - | €262,938 | +€262,938 | |
| Furniture and vehicles | 24 | €16,491 | €46,169 | +€29,678 | +180.0% |
| Current assets | 29/58 | €519,188 | €688,340 | +€169,152 | +32.6% |
| Stocks and contracts in progress | 3 | €466,722 | €586,818 | +€120,096 | +25.7% |
| Stocks | 30/36 | €466,722 | €586,818 | +€120,096 | +25.7% |
| Amounts receivable within one year | 40/41 | €27,837 | €20,599 | -€7,237 | -26.0% |
| Trade receivables | 40 | €21,471 | €14,500 | -€6,971 | -32.5% |
| Other amounts receivable | 41 | €6,365 | €6,099 | -€266 | -4.2% |
| Cash at bank and in hand | 54/58 | €23,956 | €80,217 | +€56,261 | +234.8% |
| Deferred charges and accrued income | 490/1 | €673 | €705 | +€32 | +4.8% |
| Total equity and liabilities | 10/49 | €535,679 | €997,447 | +€461,768 | +86.2% |
| Equity | 10/15 | €171,340 | €166,060 | -€5,280 | -3.1% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €171,240 | €165,960 | -€5,280 | -3.1% |
| Distributable reserves | 133 | €171,240 | €165,960 | -€5,280 | -3.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €364,339 | €831,387 | +€467,049 | +128.2% |
| Amounts payable after more than one year | 17 | €160,672 | €460,614 | +€299,942 | +186.7% |
| Financial debts | 170/4 | €160,672 | €460,614 | +€299,942 | +186.7% |
| Amounts payable within one year | 42/48 | €201,804 | €369,881 | +€168,077 | +83.3% |
| Current portion of amounts payable after more than one year | 42 | €5,953 | €1,890 | -€4,063 | -68.3% |
| Financial debts | 43 | €167,954 | €267,318 | +€99,363 | +59.2% |
| Credit institutions | 430/8 | €167,954 | €267,318 | +€99,363 | +59.2% |
| Trade debts | 44 | €2,745 | €41,518 | +€38,774 | +1412.7% |
| Suppliers | 440/4 | €2,745 | €41,518 | +€38,774 | +1412.7% |
| Taxes, remuneration and social security | 45 | €21,132 | €24,047 | +€2,915 | +13.8% |
| Taxes | 450/3 | €21,132 | €24,047 | +€2,915 | +13.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €4,020 | €35,109 | +€31,088 | +773.3% |
| Accrued charges and deferred income | 492/3 | €1,863 | €892 | -€971 | -52.1% |
| Non-recurring operating income | 76A | - | €674 | +€674 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,997 | €63,826 | +€50,830 | +391.1% |
| Other operating charges | 640/8 | €984 | €1,656 | +€673 | +68.4% |
| Gross operating margin | 9900 | €125,390 | €114,905 | -€10,484 | -8.4% |
| Operating profit (loss) | 9901 | €111,410 | €49,423 | -€61,987 | -55.6% |
| Financial charges | 65/66B | €10,073 | €17,802 | +€7,729 | +76.7% |
| Recurring financial charges | 65 | €10,073 | €17,802 | +€7,729 | +76.7% |
| Profit (loss) for the period before taxes | 9903 | €101,337 | €31,621 | -€69,716 | -68.8% |
| Income taxes | 67/77 | €21,587 | €6,901 | -€14,686 | -68.0% |
| Profit (loss) for the period | 9904 | €79,750 | €24,720 | -€55,030 | -69.0% |
| Profit (loss) for the period to be appropriated | 9905 | €79,750 | €24,720 | -€55,030 | -69.0% |
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 29 September 2026 via checked.be.