RADX: 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.
RADX
Largest movements
- Cash -€70,344
down €70,344 (-94.6%), from €74,329 to €3,985
mainly Net result for the year (-€77,683) and Debts after one year (-€3,675)
- Tangible fixed assets -€14,904
down €14,904 (-3.3%), from €446,673 to €431,768
of which Land and buildings: -€13,046
- Profit (loss) carried forward -€77,683
down €77,683 (-70.1%), from €110,767 to €33,083
- Financial charges +€68,614
up €68,614 (+795.9%), from €8,621 to €77,235
- Gross operating margin -€7,629
down €7,629 (-25.5%), from -€29,864 to -€37,494
- Other operating charges +€5,383
up €5,383 (+503.7%), from €1,069 to €6,452
- Financial income +€3,308
up €3,308 (+6.0%), from €55,092 to €58,401
of which Financial income: +€3,308
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 | €524,289 | €438,141 | -€86,148 | -16.4% |
| Fixed assets | 21/28 | €446,673 | €431,768 | -€14,904 | -3.3% |
| Tangible fixed assets | 22/27 | €446,673 | €431,768 | -€14,904 | -3.3% |
| Land and buildings | 22 | €442,415 | €429,369 | -€13,046 | -2.9% |
| Plant, machinery and equipment | 23 | €4,258 | €2,399 | -€1,858 | -43.6% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €77,617 | €6,373 | -€71,244 | -91.8% |
| Amounts receivable within one year | 40/41 | €900 | - | -€900 | |
| Trade receivables | 40 | €900 | - | -€900 | |
| Current investments | 50/53 | €2,388 | €2,388 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €74,329 | €3,985 | -€70,344 | -94.6% |
| Total equity and liabilities | 10/49 | €524,289 | €438,141 | -€86,148 | -16.4% |
| Equity | 10/15 | €346,444 | €268,761 | -€77,683 | -22.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €229,478 | €229,478 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €227,623 | €227,623 | = | 0.0% |
| Profit (loss) carried forward | 14 | €110,767 | €33,083 | -€77,683 | -70.1% |
| Amounts payable | 17/49 | €177,845 | €169,380 | -€8,465 | -4.8% |
| Amounts payable after more than one year | 17 | €160,620 | €156,945 | -€3,675 | -2.3% |
| Financial debts | 170/4 | €160,620 | €156,945 | -€3,675 | -2.3% |
| Amounts payable within one year | 42/48 | €17,225 | €12,435 | -€4,789 | -27.8% |
| Current portion of amounts payable after more than one year | 42 | €9,437 | €9,763 | +€326 | +3.4% |
| Trade debts | 44 | €3,724 | €1,308 | -€2,416 | -64.9% |
| Suppliers | 440/4 | €3,724 | €1,308 | -€2,416 | -64.9% |
| Taxes, remuneration and social security | 45 | €4,064 | €1,365 | -€2,699 | -66.4% |
| Taxes | 450/3 | €4,064 | €1,365 | -€2,699 | -66.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,904 | €14,904 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,069 | €6,452 | +€5,383 | +503.7% |
| Gross operating margin | 9900 | -€29,864 | -€37,494 | -€7,629 | -25.5% |
| Operating profit (loss) | 9901 | -€45,837 | -€58,850 | -€13,012 | -28.4% |
| Financial income | 75/76B | €55,092 | €58,401 | +€3,308 | +6.0% |
| Recurring financial income | 75 | €55,092 | €58,401 | +€3,308 | +6.0% |
| Non-recurring financial income | 76B | €55,092 | €58,401 | +€3,308 | +6.0% |
| Financial charges | 65/66B | €8,621 | €77,235 | +€68,614 | +795.9% |
| Recurring financial charges | 65 | €8,621 | €77,235 | +€68,614 | +795.9% |
| Profit (loss) for the period before taxes | 9903 | €634 | -€77,683 | -€78,318 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €634 | -€77,683 | -€78,318 | |
| Profit (loss) for the period to be appropriated | 9905 | €634 | -€77,683 | -€78,318 |
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 9 October 2026 via checked.be.