RadSR: 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.
RadSR
Largest movements
- Cash +€348,847
up €348,847 (+192%), from €181,402 to €530,249
mainly Net result for the year (+€445,947) and Depreciation (+€50,151)
- Tangible fixed assets +€140,532
up €140,532 (+649%), from €21,656 to €162,188
of which Leasing and similar rights: +€88,039
- Receivables within one year +€60,881
up €60,881 (+11.9%), from €513,583 to €574,464
of which Other amounts receivable: +€40,590
- Intangible fixed assets -€37,000
down €37,000 (-11.7%), from €316,223 to €279,223
- Deferred charges and accrued income +€17,265
up €17,265 (+1,073%), from €1,610 to €18,875
- Profit (loss) carried forward +€445,947
up €445,947 (+104%), from €427,459 to €873,407
- Tax, wage and social debts +€32,438
up €32,438 (+29.1%), from €111,522 to €143,960
- Debts after one year +€32,195
up €32,195 (+10.9%), from €294,233 to €326,428
- Current portion of long-term debt +€21,574
up €21,574 (+66.8%), from €32,314 to €53,888
- Gross operating margin +€128,163
up €128,163 (+24.9%), from €514,275 to €642,438
- Taxes +€32,370
up €32,370 (+29.0%), from €111,522 to €143,892
- Financial income +€16,097
up €16,097 (+2,371%), from €679 to €16,776
- Depreciation +€7,149
up €7,149 (+16.6%), from €43,002 to €50,151
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 | €1,034,574 | €1,565,099 | +€530,524 | +51.3% |
| Fixed assets | 21/28 | €337,980 | €441,511 | +€103,532 | +30.6% |
| Intangible fixed assets | 21 | €316,223 | €279,223 | -€37,000 | -11.7% |
| Tangible fixed assets | 22/27 | €21,656 | €162,188 | +€140,532 | +649% |
| Furniture and vehicles | 24 | €21,656 | €15,221 | -€6,436 | -29.7% |
| Leasing and similar rights | 25 | - | €88,039 | +€88,039 | |
| Other tangible fixed assets | 26 | - | €58,928 | +€58,928 | |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €696,594 | €1,123,587 | +€426,993 | +61.3% |
| Amounts receivable within one year | 40/41 | €513,583 | €574,464 | +€60,881 | +11.9% |
| Trade receivables | 40 | €207,709 | €228,000 | +€20,291 | +9.8% |
| Other amounts receivable | 41 | €305,874 | €346,464 | +€40,590 | +13.3% |
| Cash at bank and in hand | 54/58 | €181,402 | €530,249 | +€348,847 | +192% |
| Deferred charges and accrued income | 490/1 | €1,610 | €18,875 | +€17,265 | +1,073% |
| Total equity and liabilities | 10/49 | €1,034,574 | €1,565,099 | +€530,524 | +51.3% |
| Equity | 10/15 | €590,459 | €1,036,407 | +€445,947 | +75.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €158,000 | €158,000 | = | 0.0% |
| Distributable reserves | 133 | €158,000 | €158,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €427,459 | €873,407 | +€445,947 | +104% |
| Amounts payable | 17/49 | €444,115 | €528,692 | +€84,577 | +19.0% |
| Amounts payable after more than one year | 17 | €294,233 | €326,428 | +€32,195 | +10.9% |
| Financial debts | 170/4 | €294,233 | €326,428 | +€32,195 | +10.9% |
| Amounts payable within one year | 42/48 | €149,882 | €202,264 | +€52,382 | +34.9% |
| Current portion of amounts payable after more than one year | 42 | €32,314 | €53,888 | +€21,574 | +66.8% |
| Trade debts | 44 | €6,046 | €4,417 | -€1,630 | -27.0% |
| Suppliers | 440/4 | €6,046 | €4,417 | -€1,630 | -27.0% |
| Taxes, remuneration and social security | 45 | €111,522 | €143,960 | +€32,438 | +29.1% |
| Taxes | 450/3 | €111,522 | €143,960 | +€32,438 | +29.1% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,002 | €50,151 | +€7,149 | +16.6% |
| Other operating charges | 640/8 | €915 | €3,897 | +€2,982 | +326% |
| Gross operating margin | 9900 | €514,275 | €642,438 | +€128,163 | +24.9% |
| Operating profit (loss) | 9901 | €470,357 | €588,390 | +€118,032 | +25.1% |
| Financial income | 75/76B | €679 | €16,776 | +€16,097 | +2,371% |
| Recurring financial income | 75 | €679 | €16,776 | +€16,097 | +2,371% |
| Financial charges | 65/66B | €14,703 | €15,326 | +€624 | +4.2% |
| Recurring financial charges | 65 | €14,703 | €15,326 | +€624 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | €456,333 | €589,840 | +€133,506 | +29.3% |
| Income taxes | 67/77 | €111,522 | €143,892 | +€32,370 | +29.0% |
| Profit (loss) for the period | 9904 | €344,812 | €445,947 | +€101,136 | +29.3% |
| Profit (loss) for the period to be appropriated | 9905 | €344,812 | €445,947 | +€101,136 | +29.3% |
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 15 October 2026 via checked.be.