RADU PROJECTS: 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.
RADU PROJECTS
Largest movements
- Tangible fixed assets -€16,449
down €16,449 (-4.4%), from €375,950 to €359,501
of which Leasing and similar rights: -€15,531
- Receivables within one year +€13,017
up €13,017 (+37.3%), from €34,882 to €47,899
of which Trade receivables: +€13,882
- Cash -€5,332
down €5,332 (-100.0%), from €5,332 to €0
mainly Debts after one year (-€14,106) and Receivables within one year (-€13,017)
- Debts after one year -€14,106
down €14,106 (-3.9%), from €360,421 to €346,315
- Gross operating margin +€8,227
up €8,227 (+20.6%), from €39,864 to €48,091
- Taxes +€1,327
up €1,327 (+59.1%), from €2,244 to €3,571
- Financial charges +€808
up €808 (+3.9%), from €20,840 to €21,648
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 | €416,512 | €407,930 | -€8,583 | -2.1% |
| Fixed assets | 21/28 | €376,297 | €359,538 | -€16,759 | -4.5% |
| Intangible fixed assets | 21 | €347 | €37 | -€310 | -89.2% |
| Tangible fixed assets | 22/27 | €375,950 | €359,501 | -€16,449 | -4.4% |
| Furniture and vehicles | 24 | €2,788 | €1,870 | -€918 | -32.9% |
| Leasing and similar rights | 25 | €373,162 | €357,630 | -€15,531 | -4.2% |
| Current assets | 29/58 | €40,215 | €48,391 | +€8,177 | +20.3% |
| Amounts receivable within one year | 40/41 | €34,882 | €47,899 | +€13,017 | +37.3% |
| Trade receivables | 40 | €29,110 | €42,992 | +€13,882 | +47.7% |
| Other amounts receivable | 41 | €5,772 | €4,907 | -€865 | -15.0% |
| Cash at bank and in hand | 54/58 | €5,332 | €0 | -€5,332 | -100.0% |
| Deferred charges and accrued income | 490/1 | - | €492 | +€492 | |
| Total equity and liabilities | 10/49 | €416,512 | €407,930 | -€8,583 | -2.1% |
| Equity | 10/15 | €31,610 | €37,318 | +€5,708 | +18.1% |
| Contributions | 10/11 | €6,200 | €8,060 | +€1,860 | +30.0% |
| Reserves | 13 | €26,346 | €29,258 | +€2,912 | +11.1% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €24,486 | €29,258 | +€4,772 | +19.5% |
| Profit (loss) carried forward | 14 | -€936 | €0 | +€936 | |
| Amounts payable | 17/49 | €384,902 | €370,612 | -€14,290 | -3.7% |
| Amounts payable after more than one year | 17 | €360,421 | €346,315 | -€14,106 | -3.9% |
| Financial debts | 170/4 | €360,421 | €346,315 | -€14,106 | -3.9% |
| Amounts payable within one year | 42/48 | €24,481 | €21,973 | -€2,508 | -10.2% |
| Current portion of amounts payable after more than one year | 42 | €13,568 | €14,106 | +€537 | +4.0% |
| Financial debts | 43 | - | €24 | +€24 | |
| Credit institutions | 430/8 | - | €24 | +€24 | |
| Trade debts | 44 | €3,035 | €2,014 | -€1,021 | -33.6% |
| Suppliers | 440/4 | €3,035 | €2,014 | -€1,021 | -33.6% |
| Taxes, remuneration and social security | 45 | €7,878 | €5,829 | -€2,048 | -26.0% |
| Taxes | 450/3 | €5,411 | €3,571 | -€1,840 | -34.0% |
| Remuneration and social security | 454/9 | €2,467 | €2,258 | -€208 | -8.4% |
| Accrued charges and deferred income | 492/3 | - | €2,323 | +€2,323 | |
| Non-recurring operating income | 76A | - | €1,357 | +€1,357 | |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,751 | €16,759 | +€8 | 0.0% |
| Other operating charges | 640/8 | €964 | €655 | -€309 | -32.1% |
| Gross operating margin | 9900 | €39,864 | €48,091 | +€8,227 | +20.6% |
| Operating profit (loss) | 9901 | €22,148 | €30,677 | +€8,528 | +38.5% |
| Financial income | 75/76B | €0 | €249 | +€249 | +311250.0% |
| Recurring financial income | 75 | €0 | €249 | +€249 | +311250.0% |
| Financial charges | 65/66B | €20,840 | €21,648 | +€808 | +3.9% |
| Recurring financial charges | 65 | €20,840 | €21,648 | +€808 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | €1,308 | €9,278 | +€7,970 | +609.1% |
| Income taxes | 67/77 | €2,244 | €3,571 | +€1,327 | +59.1% |
| Profit (loss) for the period | 9904 | -€936 | €5,708 | +€6,643 | |
| Profit (loss) for the period to be appropriated | 9905 | -€936 | €5,708 | +€6,643 |
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 28 September 2026 via checked.be.