RADIUS II: 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.
RADIUS II
Largest movements
- Tangible fixed assets -€108,738
down €108,738 (-8.5%), from €1.3m to €1.2m
of which Plant, machinery and equipment: -€109,306
- Receivables within one year +€65,148
new in 2025: €65,148
- Profit (loss) carried forward +€100,770
no longer reported in 2025 (was -€100,770)
- Debts after one year -€90,726
down €90,726 (-21.8%), from €416,950 to €326,224
- Reserves -€59,213
down €59,213 (-10.9%), from €544,585 to €485,372
of which Tax-exempt reserves: -€59,301
- Other debts +€15,000
new in 2025: €15,000
- Depreciation -€111,692
down €111,692 (-49.0%), from €228,031 to €116,339
- Gross operating margin +€67,114
up €67,114 (+48.8%), from €137,393 to €204,507
- Financial charges -€3,963
down €3,963 (-18.5%), from €21,418 to €17,455
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 | €1,372,756 | €1,323,976 | -€48,780 | -3.6% |
| Formation expenses | 20 | €89,286 | €82,678 | -€6,608 | -7.4% |
| Fixed assets | 21/28 | €1,282,998 | €1,174,260 | -€108,738 | -8.5% |
| Tangible fixed assets | 22/27 | €1,282,998 | €1,174,260 | -€108,738 | -8.5% |
| Land and buildings | 22 | €718,382 | €719,375 | +€993 | +0.1% |
| Plant, machinery and equipment | 23 | €563,413 | €454,107 | -€109,306 | -19.4% |
| Furniture and vehicles | 24 | €1,203 | €778 | -€425 | -35.3% |
| Current assets | 29/58 | €472 | €67,038 | +€66,566 | +14107.1% |
| Amounts receivable within one year | 40/41 | - | €65,148 | +€65,148 | |
| Trade receivables | 40 | - | €65,148 | +€65,148 | |
| Cash at bank and in hand | 54/58 | €472 | €1,890 | +€1,418 | +300.6% |
| Total equity and liabilities | 10/49 | €1,372,756 | €1,323,976 | -€48,780 | -3.6% |
| Equity | 10/15 | €693,815 | €735,372 | +€41,557 | +6.0% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €544,585 | €485,372 | -€59,213 | -10.9% |
| Non-distributable reserves | 130/1 | €8,891 | €8,891 | = | 0.0% |
| Legal reserve | 130 | €8,891 | €8,891 | = | 0.0% |
| Tax-exempt reserves | 132 | €449,894 | €390,593 | -€59,301 | -13.2% |
| Distributable reserves | 133 | €85,800 | €85,888 | +€88 | +0.1% |
| Profit (loss) carried forward | 14 | -€100,770 | - | +€100,770 | |
| Amounts payable | 17/49 | €678,941 | €588,604 | -€90,337 | -13.3% |
| Amounts payable after more than one year | 17 | €416,950 | €326,224 | -€90,726 | -21.8% |
| Financial debts | 170/4 | €416,950 | €326,224 | -€90,726 | -21.8% |
| Amounts payable within one year | 42/48 | €260,970 | €261,360 | +€390 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €46,155 | €33,794 | -€12,361 | -26.8% |
| Financial debts | 43 | €200,000 | €200,000 | = | 0.0% |
| Credit institutions | 430/8 | €200,000 | €200,000 | = | 0.0% |
| Trade debts | 44 | €14,815 | €12,116 | -€2,699 | -18.2% |
| Suppliers | 440/4 | €14,815 | €12,116 | -€2,699 | -18.2% |
| Taxes, remuneration and social security | 45 | - | €450 | +€450 | |
| Taxes | 450/3 | - | €450 | +€450 | |
| Other amounts payable | 47/48 | - | €15,000 | +€15,000 | |
| Accrued charges and deferred income | 492/3 | €1,021 | €1,020 | -€1 | -0.1% |
| Non-recurring operating income | 76A | €10,720 | - | -€10,720 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €228,031 | €116,339 | -€111,692 | -49.0% |
| Other operating charges | 640/8 | €13,695 | €14,124 | +€428 | +3.1% |
| Gross operating margin | 9900 | €137,393 | €204,507 | +€67,114 | +48.8% |
| Operating profit (loss) | 9901 | -€104,333 | €74,044 | +€178,378 | |
| Financial charges | 65/66B | €21,418 | €17,455 | -€3,963 | -18.5% |
| Recurring financial charges | 65 | €21,418 | €17,455 | -€3,963 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | -€125,751 | €56,589 | +€182,341 | |
| Income taxes | 67/77 | - | €32 | +€32 | |
| Profit (loss) for the period | 9904 | -€125,751 | €56,557 | +€182,309 | |
| Transfer from tax-exempt reserves | 789 | €111,658 | €59,301 | -€52,357 | -46.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,094 | €115,858 | +€129,952 |
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.