RAYDIANT: 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.
RAYDIANT
Largest movements
- Cash +€124,582
up €124,582 (+12.2%), from €1.0m to €1.1m
mainly Net result for the year (+€123,066) and Receivables within one year (+€27,851)
- Receivables within one year -€27,851
down €27,851 (-42.7%), from €65,295 to €37,444
of which Trade receivables: -€34,707
- Reserves +€123,066
up €123,066 (+9.4%), from €1.3m to €1.4m
- Trade debts -€22,554
down €22,554 (-88.5%), from €25,498 to €2,944
- Gross operating margin -€14,645
down €14,645 (-7.8%), from €187,229 to €172,584
- Financial income +€11,754
up €11,754 (+361.8%), from €3,249 to €15,003
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 | €1,356,312 | €1,449,101 | +€92,789 | +6.8% |
| Fixed assets | 21/28 | €243,910 | €242,147 | -€1,764 | -0.7% |
| Intangible fixed assets | 21 | €675 | - | -€675 | |
| Tangible fixed assets | 22/27 | €243,235 | €242,147 | -€1,088 | -0.4% |
| Land and buildings | 22 | €235,000 | €235,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €6,719 | €6,362 | -€356 | -5.3% |
| Furniture and vehicles | 24 | €1,516 | €784 | -€732 | -48.3% |
| Current assets | 29/58 | €1,112,402 | €1,206,955 | +€94,553 | +8.5% |
| Stocks and contracts in progress | 3 | €28,236 | €26,135 | -€2,101 | -7.4% |
| Stocks | 30/36 | €28,236 | €26,135 | -€2,101 | -7.4% |
| Amounts receivable within one year | 40/41 | €65,295 | €37,444 | -€27,851 | -42.7% |
| Trade receivables | 40 | €45,642 | €10,935 | -€34,707 | -76.0% |
| Other amounts receivable | 41 | €19,653 | €26,509 | +€6,857 | +34.9% |
| Cash at bank and in hand | 54/58 | €1,017,743 | €1,142,325 | +€124,582 | +12.2% |
| Deferred charges and accrued income | 490/1 | €1,129 | €1,051 | -€78 | -6.9% |
| Total equity and liabilities | 10/49 | €1,356,312 | €1,449,101 | +€92,789 | +6.8% |
| Equity | 10/15 | €1,315,942 | €1,439,008 | +€123,066 | +9.4% |
| Reserves | 13 | €1,315,942 | €1,439,008 | +€123,066 | +9.4% |
| Distributable reserves | 133 | €1,315,942 | €1,439,008 | +€123,066 | +9.4% |
| Amounts payable | 17/49 | €40,370 | €10,093 | -€30,276 | -75.0% |
| Amounts payable within one year | 42/48 | €39,195 | €9,248 | -€29,947 | -76.4% |
| Trade debts | 44 | €25,498 | €2,944 | -€22,554 | -88.5% |
| Suppliers | 440/4 | €25,498 | €2,944 | -€22,554 | -88.5% |
| Taxes, remuneration and social security | 45 | €13,697 | €6,304 | -€7,393 | -54.0% |
| Taxes | 450/3 | €13,697 | €6,304 | -€7,393 | -54.0% |
| Accrued charges and deferred income | 492/3 | €1,175 | €845 | -€330 | -28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,207 | €3,916 | +€709 | +22.1% |
| Other operating charges | 640/8 | €6,847 | €7,773 | +€926 | +13.5% |
| Gross operating margin | 9900 | €187,229 | €172,584 | -€14,645 | -7.8% |
| Operating profit (loss) | 9901 | €177,175 | €160,895 | -€16,280 | -9.2% |
| Financial income | 75/76B | €3,249 | €15,003 | +€11,754 | +361.8% |
| Recurring financial income | 75 | €3,249 | €15,003 | +€11,754 | +361.8% |
| Financial charges | 65/66B | €293 | €292 | -€1 | -0.4% |
| Recurring financial charges | 65 | €293 | €292 | -€1 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €180,131 | €175,606 | -€4,524 | -2.5% |
| Income taxes | 67/77 | €53,613 | €52,541 | -€1,072 | -2.0% |
| Profit (loss) for the period | 9904 | €126,518 | €123,066 | -€3,452 | -2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €126,518 | €123,066 | -€3,452 | -2.7% |
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 11 October 2026 via checked.be.