RADRI: 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.
RADRI
Largest movements
- Stocks and contracts +€60,323
up €60,323 (+180.4%), from €33,433 to €93,756
- Cash -€39,943
down €39,943 (-10.1%), from €395,828 to €355,885
mainly Stocks and contracts (-€60,323) and Trade debts (-€17,798)
- Tangible fixed assets -€37,727
down €37,727 (-30.5%), from €123,515 to €85,789
of which Plant, machinery and equipment: -€30,057
- Receivables within one year +€16,480
up €16,480 (+4.1%), from €401,844 to €418,323
of which Trade receivables: +€48,231
- Tax, wage and social debts +€19,422
up €19,422 (+102.2%), from €18,998 to €38,420
of which Remuneration and social security: +€16,752
- Trade debts -€17,798
down €17,798 (-16.3%), from €109,387 to €91,589
- Gross operating margin -€87,106
down €87,106 (-27.0%), from €323,160 to €236,053
- Taxes -€29,885
down €29,885 (-86.9%), from €34,394 to €4,509
- Staff costs +€18,335
up €18,335 (+11.5%), from €159,915 to €178,250
- Other operating charges -€7,812
down €7,812 (-46.8%), from €16,676 to €8,864
- Depreciation -€4,836
down €4,836 (-9.7%), from €50,112 to €45,277
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 | €986,232 | €976,979 | -€9,253 | -0.9% |
| Formation expenses | 20 | €7,045 | €5,456 | -€1,589 | -22.6% |
| Fixed assets | 21/28 | €140,526 | €96,839 | -€43,687 | -31.1% |
| Intangible fixed assets | 21 | €16,961 | €11,000 | -€5,961 | -35.1% |
| Tangible fixed assets | 22/27 | €123,515 | €85,789 | -€37,727 | -30.5% |
| Plant, machinery and equipment | 23 | €91,614 | €61,556 | -€30,057 | -32.8% |
| Furniture and vehicles | 24 | €181 | - | -€181 | |
| Leasing and similar rights | 25 | €31,721 | €24,233 | -€7,488 | -23.6% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €838,661 | €874,684 | +€36,024 | +4.3% |
| Stocks and contracts in progress | 3 | €33,433 | €93,756 | +€60,323 | +180.4% |
| Stocks | 30/36 | €33,433 | €93,756 | +€60,323 | +180.4% |
| Amounts receivable within one year | 40/41 | €401,844 | €418,323 | +€16,480 | +4.1% |
| Trade receivables | 40 | €359,700 | €407,931 | +€48,231 | +13.4% |
| Other amounts receivable | 41 | €42,144 | €10,393 | -€31,751 | -75.3% |
| Cash at bank and in hand | 54/58 | €395,828 | €355,885 | -€39,943 | -10.1% |
| Deferred charges and accrued income | 490/1 | €7,556 | €6,720 | -€837 | -11.1% |
| Total equity and liabilities | 10/49 | €986,232 | €976,979 | -€9,253 | -0.9% |
| Equity | 10/15 | €821,740 | €823,133 | +€1,392 | +0.2% |
| Contributions | 10/11 | €371,568 | €371,568 | = | 0.0% |
| Reserves | 13 | €416,855 | €416,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €37,157 | €37,157 | = | 0.0% |
| Reserves not available under the articles | 1311 | €37,157 | €37,157 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,553 | €12,553 | = | 0.0% |
| Distributable reserves | 133 | €367,145 | €367,145 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,318 | €34,710 | +€1,392 | +4.2% |
| Amounts payable | 17/49 | €164,492 | €153,847 | -€10,645 | -6.5% |
| Amounts payable after more than one year | 17 | €19,837 | €13,848 | -€5,989 | -30.2% |
| Financial debts | 170/4 | €19,837 | €13,848 | -€5,989 | -30.2% |
| Amounts payable within one year | 42/48 | €140,655 | €135,999 | -€4,656 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €5,749 | €5,989 | +€240 | +4.2% |
| Trade debts | 44 | €109,387 | €91,589 | -€17,798 | -16.3% |
| Suppliers | 440/4 | €109,387 | €91,589 | -€17,798 | -16.3% |
| Taxes, remuneration and social security | 45 | €18,998 | €38,420 | +€19,422 | +102.2% |
| Taxes | 450/3 | €14,704 | €17,374 | +€2,670 | +18.2% |
| Remuneration and social security | 454/9 | €4,293 | €21,046 | +€16,752 | +390.2% |
| Other amounts payable | 47/48 | €6,520 | - | -€6,520 | |
| Accrued charges and deferred income | 492/3 | €4,000 | €4,000 | = | 0.0% |
| Non-recurring operating income | 76A | €1,000 | - | -€1,000 | |
| Remuneration, social security and pensions | 62 | €159,915 | €178,250 | +€18,335 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,112 | €45,277 | -€4,836 | -9.7% |
| Other operating charges | 640/8 | €16,676 | €8,864 | -€7,812 | -46.8% |
| Gross operating margin | 9900 | €323,160 | €236,053 | -€87,106 | -27.0% |
| Operating profit (loss) | 9901 | €96,456 | €3,662 | -€92,794 | -96.2% |
| Financial income | 75/76B | €3,316 | €3,318 | +€2 | 0.0% |
| Recurring financial income | 75 | €3,316 | €3,318 | +€2 | 0.0% |
| Financial charges | 65/66B | €1,428 | €1,079 | -€350 | -24.5% |
| Recurring financial charges | 65 | €1,428 | €1,079 | -€350 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | €98,344 | €5,901 | -€92,443 | -94.0% |
| Income taxes | 67/77 | €34,394 | €4,509 | -€29,885 | -86.9% |
| Profit (loss) for the period | 9904 | €63,950 | €1,392 | -€62,558 | -97.8% |
| Profit (loss) for the period to be appropriated | 9905 | €63,950 | €1,392 | -€62,558 | -97.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.