RADUGA: 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.
RADUGA
Largest movements
- Receivables within one year -€53,774
down €53,774 (-54.1%), from €99,462 to €45,688
of which Trade receivables: -€41,500
- Cash +€45,773
up €45,773 (+40.5%), from €113,017 to €158,790
mainly Net result for the year (+€66,320) and Other debts (+€64,889)
- Profit (loss) carried forward -€70,680
down €70,680 (-33.0%), from €214,304 to €143,624
- Other debts +€64,889
up €64,889 (+412%), from €15,745 to €80,634
- Tax, wage and social debts -€3,817
down €3,817 (-89.3%), from €4,274 to €457
- Gross operating margin -€51,138
down €51,138 (-37.3%), from €137,152 to €86,014
- Taxes -€11,586
down €11,586 (-40.2%), from €28,811 to €17,225
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 | €240,346 | €231,251 | -€9,094 | -3.8% |
| Fixed assets | 21/28 | €25,298 | €23,606 | -€1,693 | -6.7% |
| Tangible fixed assets | 22/27 | €24,098 | €22,406 | -€1,693 | -7.0% |
| Furniture and vehicles | 24 | €2,621 | €1,289 | -€1,332 | -50.8% |
| Other tangible fixed assets | 26 | €21,478 | €21,117 | -€360 | -1.7% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €215,047 | €207,646 | -€7,402 | -3.4% |
| Amounts receivable within one year | 40/41 | €99,462 | €45,688 | -€53,774 | -54.1% |
| Trade receivables | 40 | €81,250 | €39,750 | -€41,500 | -51.1% |
| Other amounts receivable | 41 | €18,212 | €5,938 | -€12,274 | -67.4% |
| Cash at bank and in hand | 54/58 | €113,017 | €158,790 | +€45,773 | +40.5% |
| Deferred charges and accrued income | 490/1 | €2,568 | €3,167 | +€599 | +23.3% |
| Total equity and liabilities | 10/49 | €240,346 | €231,251 | -€9,094 | -3.8% |
| Equity | 10/15 | €216,304 | €145,624 | -€70,680 | -32.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €214,304 | €143,624 | -€70,680 | -33.0% |
| Amounts payable | 17/49 | €24,042 | €85,627 | +€61,585 | +256% |
| Amounts payable within one year | 42/48 | €23,447 | €85,627 | +€62,181 | +265% |
| Trade debts | 44 | €3,428 | €4,537 | +€1,109 | +32.3% |
| Suppliers | 440/4 | €3,428 | €4,537 | +€1,109 | +32.3% |
| Taxes, remuneration and social security | 45 | €4,274 | €457 | -€3,817 | -89.3% |
| Taxes | 450/3 | €4,274 | €457 | -€3,817 | -89.3% |
| Other amounts payable | 47/48 | €15,745 | €80,634 | +€64,889 | +412% |
| Accrued charges and deferred income | 492/3 | €595 | €0 | -€595 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,500 | €2,888 | +€388 | +15.5% |
| Other operating charges | 640/8 | €450 | €463 | +€13 | +2.8% |
| Non-recurring operating charges | 66A | €702 | €0 | -€702 | -100% |
| Gross operating margin | 9900 | €137,152 | €86,014 | -€51,138 | -37.3% |
| Operating profit (loss) | 9901 | €133,500 | €82,663 | -€50,837 | -38.1% |
| Financial income | 75/76B | €1 | €922 | +€922 | +184,340% |
| Recurring financial income | 75 | €1 | €922 | +€922 | +184,340% |
| Financial charges | 65/66B | €634 | €40 | -€594 | -93.6% |
| Recurring financial charges | 65 | €634 | €40 | -€594 | -93.6% |
| Profit (loss) for the period before taxes | 9903 | €132,866 | €83,545 | -€49,321 | -37.1% |
| Income taxes | 67/77 | €28,811 | €17,225 | -€11,586 | -40.2% |
| Profit (loss) for the period | 9904 | €104,056 | €66,320 | -€37,736 | -36.3% |
| Profit (loss) for the period to be appropriated | 9905 | €104,056 | €66,320 | -€37,736 | -36.3% |
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 17 October 2026 via checked.be.