RADO TRANS: 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.
RADO TRANS
Largest movements
- Stocks and contracts -€193,193
down €193,193 (-73.5%), from €263,002 to €69,809
- Receivables within one year +€158,235
up €158,235 (+91.6%), from €172,731 to €330,966
- Tangible fixed assets +€92,323
up €92,323 (+223%), from €41,481 to €133,805
of which Furniture and vehicles: +€89,244
- Cash -€39,409
down €39,409 (-60.1%), from €65,622 to €26,213
mainly Contributions, distributions and other (-€270,172) and Receivables within one year (-€158,235)
- Profit (loss) carried forward -€270,172
no longer reported in 2025 (was €270,172)
- Other debts +€191,536
up €191,536 (+338%), from €56,605 to €248,141
- Reserves +€49,908
up €49,908 (+50.8%), from €98,170 to €148,078
of which Distributable reserves: +€49,908
- Tax, wage and social debts +€45,836
up €45,836 (+65.8%), from €69,636 to €115,472
of which Taxes: +€41,139
- Trade debts +€20,575
up €20,575 (+164%), from €12,563 to €33,138
- Gross operating margin +€43,961
up €43,961 (+9.2%), from €476,561 to €520,522
- Staff costs +€37,442
up €37,442 (+10.0%), from €373,983 to €411,425
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.
Derived cash bridge
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 | €552,523 | €570,145 | +€17,622 | +3.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €47,781 | €140,105 | +€92,323 | +193% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €41,481 | €133,805 | +€92,323 | +223% |
| Plant, machinery and equipment | 23 | €11,335 | €14,634 | +€3,299 | +29.1% |
| Furniture and vehicles | 24 | €25,118 | €114,362 | +€89,244 | +355% |
| Other tangible fixed assets | 26 | €5,029 | €4,809 | -€219 | -4.4% |
| Financial fixed assets | 28 | €6,300 | €6,300 | = | 0.0% |
| Current assets | 29/58 | €504,742 | €430,040 | -€74,701 | -14.8% |
| Stocks and contracts in progress | 3 | €263,002 | €69,809 | -€193,193 | -73.5% |
| Stocks | 30/36 | €263,002 | €69,809 | -€193,193 | -73.5% |
| Amounts receivable within one year | 40/41 | €172,731 | €330,966 | +€158,235 | +91.6% |
| Trade receivables | 40 | €172,731 | €330,966 | +€158,235 | +91.6% |
| Cash at bank and in hand | 54/58 | €65,622 | €26,213 | -€39,409 | -60.1% |
| Deferred charges and accrued income | 490/1 | €3,387 | €3,052 | -€335 | -9.9% |
| Total equity and liabilities | 10/49 | €552,523 | €570,145 | +€17,622 | +3.2% |
| Equity | 10/15 | €386,942 | €166,678 | -€220,264 | -56.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €98,170 | €148,078 | +€49,908 | +50.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €96,310 | €146,218 | +€49,908 | +51.8% |
| Profit (loss) carried forward | 14 | €270,172 | - | -€270,172 | |
| Amounts payable | 17/49 | €165,582 | €403,468 | +€237,886 | +144% |
| Amounts payable after more than one year | 17 | €6,717 | - | -€6,717 | |
| Financial debts | 170/4 | €6,717 | - | -€6,717 | |
| Amounts payable within one year | 42/48 | €158,615 | €403,468 | +€244,853 | +154% |
| Current portion of amounts payable after more than one year | 42 | €19,810 | €6,717 | -€13,094 | -66.1% |
| Trade debts | 44 | €12,563 | €33,138 | +€20,575 | +164% |
| Suppliers | 440/4 | €12,563 | €33,138 | +€20,575 | +164% |
| Taxes, remuneration and social security | 45 | €69,636 | €115,472 | +€45,836 | +65.8% |
| Taxes | 450/3 | €28,361 | €69,499 | +€41,139 | +145% |
| Remuneration and social security | 454/9 | €41,276 | €45,973 | +€4,697 | +11.4% |
| Other amounts payable | 47/48 | €56,605 | €248,141 | +€191,536 | +338% |
| Accrued charges and deferred income | 492/3 | €250 | - | -€250 | |
| Remuneration, social security and pensions | 62 | €373,983 | €411,425 | +€37,442 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,501 | €23,642 | -€859 | -3.5% |
| Other operating charges | 640/8 | €11,922 | €13,161 | +€1,239 | +10.4% |
| Gross operating margin | 9900 | €476,561 | €520,522 | +€43,961 | +9.2% |
| Operating profit (loss) | 9901 | €66,155 | €72,295 | +€6,139 | +9.3% |
| Financial charges | 65/66B | €5,062 | €2,205 | -€2,857 | -56.4% |
| Recurring financial charges | 65 | €4,885 | €2,205 | -€2,680 | -54.9% |
| Non-recurring financial charges | 66B | €177 | - | -€177 | |
| Profit (loss) for the period before taxes | 9903 | €61,093 | €70,090 | +€8,996 | +14.7% |
| Income taxes | 67/77 | €18,942 | €20,182 | +€1,240 | +6.5% |
| Profit (loss) for the period | 9904 | €42,152 | €49,908 | +€7,756 | +18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €42,152 | €49,908 | +€7,756 | +18.4% |
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 18 October 2026 via checked.be.