Radvin: 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.
Radvin
Largest movements
- Cash -€41,804
down €41,804 (-84.5%), from €49,445 to €7,641
mainly Contributions, distributions and other (-€129,679) and Investment in fixed assets (net) (-€42,269)
- Tangible fixed assets +€40,813
up €40,813 (+7084.6%), from €576 to €41,389
of which Furniture and vehicles: +€41,389
- Deferred charges and accrued income +€1,223
up €1,223 (+413.4%), from €296 to €1,519
- Other debts +€70,178
new in 2025: €70,178
- Reserves -€59,500
no longer reported in 2025 (was €59,500)
- Tax, wage and social debts -€9,046
down €9,046 (-47.9%), from €18,887 to €9,840
- Trade debts -€1,614
down €1,614 (-95.4%), from €1,693 to €78
- Gross operating margin +€31,120
up €31,120 (+52.0%), from €59,839 to €90,959
- Taxes +€9,932
up €9,932 (+115.6%), from €8,594 to €18,525
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 | €80,180 | €80,197 | +€17 | 0.0% |
| Fixed assets | 21/28 | €576 | €41,389 | +€40,813 | +7084.6% |
| Tangible fixed assets | 22/27 | €576 | €41,389 | +€40,813 | +7084.6% |
| Plant, machinery and equipment | 23 | €576 | - | -€576 | |
| Furniture and vehicles | 24 | - | €41,389 | +€41,389 | |
| Current assets | 29/58 | €79,604 | €38,807 | -€40,796 | -51.2% |
| Amounts receivable within one year | 40/41 | €29,862 | €29,648 | -€215 | -0.7% |
| Trade receivables | 40 | €29,040 | €28,825 | -€215 | -0.7% |
| Other amounts receivable | 41 | €822 | €822 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €49,445 | €7,641 | -€41,804 | -84.5% |
| Deferred charges and accrued income | 490/1 | €296 | €1,519 | +€1,223 | +413.4% |
| Total equity and liabilities | 10/49 | €80,180 | €80,197 | +€17 | 0.0% |
| Equity | 10/15 | €59,600 | €100 | -€59,500 | -99.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €59,500 | - | -€59,500 | |
| Distributable reserves | 133 | €59,500 | - | -€59,500 | |
| Amounts payable | 17/49 | €20,579 | €80,097 | +€59,517 | +289.2% |
| Amounts payable within one year | 42/48 | €20,579 | €80,097 | +€59,517 | +289.2% |
| Trade debts | 44 | €1,693 | €78 | -€1,614 | -95.4% |
| Suppliers | 440/4 | €1,693 | €78 | -€1,614 | -95.4% |
| Taxes, remuneration and social security | 45 | €18,887 | €9,840 | -€9,046 | -47.9% |
| Taxes | 450/3 | €18,887 | €9,840 | -€9,046 | -47.9% |
| Other amounts payable | 47/48 | - | €70,178 | +€70,178 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €633 | €1,456 | +€823 | +129.9% |
| Other operating charges | 640/8 | €224 | €766 | +€542 | +242.2% |
| Gross operating margin | 9900 | €59,839 | €90,959 | +€31,120 | +52.0% |
| Operating profit (loss) | 9901 | €58,982 | €88,737 | +€29,755 | +50.4% |
| Financial charges | 65/66B | - | €33 | +€33 | |
| Recurring financial charges | 65 | - | €33 | +€33 | |
| Profit (loss) for the period before taxes | 9903 | €58,982 | €88,704 | +€29,722 | +50.4% |
| Income taxes | 67/77 | €8,594 | €18,525 | +€9,932 | +115.6% |
| Profit (loss) for the period | 9904 | €50,388 | €70,178 | +€19,790 | +39.3% |
| Profit (loss) for the period to be appropriated | 9905 | €50,388 | €70,178 | +€19,790 | +39.3% |
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 5 October 2026 via checked.be.