Robert Radermacher: what changed
What changed
Robert Radermacher
NACE 23.700, Cutting, shaping and finishing of stone
filed annual accounts (NBB)
Net result for the year
€65,465
2024 · €32,159+€33,306
Equity
€512,705
2024 · €605,184-€92,479
Cash
€34,052
2024 · €32,152+€1,900
Balance sheet total
€894,930
2024 · €1.1m-€171,500
Largest movements
Assets
- Current investments -€83,168
down €83,168 (-31.4%), from €265,283 to €182,115
- Receivables within one year -€69,313
down €69,313 (-55.5%), from €124,894 to €55,582
of which Trade receivables: -€62,437
- Tangible fixed assets -€17,574
down €17,574 (-4.4%), from €398,945 to €381,371
of which Leasing and similar rights: -€44,502
Equity and liabilities
- Reserves -€84,537
down €84,537 (-17.9%), from €471,355 to €386,818
of which Distributable reserves: -€83,100
- Advances received -€58,137
down €58,137 (-87.3%), from €66,571 to €8,434
- Trade debts -€40,614
down €40,614 (-68.8%), from €59,026 to €18,412
- Other debts +€29,784
up €29,784 (+21.9%), from €135,708 to €165,491
- Debts after one year -€19,277
down €19,277 (-13.1%), from €147,277 to €128,000
of which Financial debts: -€19,277
Income statement
- Staff costs -€40,324
down €40,324 (-20.8%), from €193,625 to €153,301
- Gross operating margin +€16,457
up €16,457 (+4.7%), from €350,192 to €366,650
- Taxes +€13,392
up €13,392 (+118%), from €11,366 to €24,758
- Depreciation +€10,552
up €10,552 (+10.5%), from €100,217 to €110,768
- Write-downs +€3,710
no longer reported in 2025 (was -€3,710)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€32,159
Gross operating margin
+€16,457
Staff costs
+€40,324
Depreciation
-€10,552
Write-downs
-€3,710
Other operating charges
+€2,280
Other operating items
+€1,599
Financial income
-€1,927
Financial charges
+€2,163
Taxes
-€13,392
Deferred taxes and other
+€63
Result 2025
€65,465
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€191,745
Investment
-€10,026
Financing
-€179,819
Cash 2024
€32,152
From operations (derived)
+€191,745
Net result for the year
+€65,465
Depreciation
+€110,768
Stocks and contracts
+€1,056
Receivables within one year
+€69,313
Deferred charges and accrued income
+€2,289
Provisions
-€546
Trade debts
-€40,614
Tax, wage and social debts
+€12,088
Advances received
-€58,137
Other debts
+€29,784
Accrued charges and deferred income
+€279
Investment (derived)
-€10,026
Investment in fixed assets (net)
-€93,195
Current investments
+€83,168
Financing
-€179,819
Debts after one year
-€19,277
Current portion of long-term debt
-€2,599
Contributions, distributions and other
-€157,944
Cash 2025
€34,052
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,066,430 | €894,930 | -€171,500 | -16.1% |
| Fixed assets | 21/28 | €398,945 | €381,371 | -€17,574 | -4.4% |
| Tangible fixed assets | 22/27 | €398,945 | €381,371 | -€17,574 | -4.4% |
| Plant, machinery and equipment | 23 | €78,090 | €43,965 | -€34,126 | -43.7% |
| Furniture and vehicles | 24 | €24,293 | €85,347 | +€61,054 | +251% |
| Leasing and similar rights | 25 | €296,561 | €252,059 | -€44,502 | -15.0% |
| Current assets | 29/58 | €667,485 | €513,559 | -€153,926 | -23.1% |
| Stocks and contracts in progress | 3 | €234,343 | €233,287 | -€1,056 | -0.5% |
| Stocks | 30/36 | €234,343 | €233,287 | -€1,056 | -0.5% |
| Amounts receivable within one year | 40/41 | €124,894 | €55,582 | -€69,313 | -55.5% |
| Trade receivables | 40 | €113,705 | €51,268 | -€62,437 | -54.9% |
| Other amounts receivable | 41 | €11,190 | €4,314 | -€6,875 | -61.4% |
| Current investments | 50/53 | €265,283 | €182,115 | -€83,168 | -31.4% |
| Cash at bank and in hand | 54/58 | €32,152 | €34,052 | +€1,900 | +5.9% |
| Deferred charges and accrued income | 490/1 | €10,813 | €8,524 | -€2,289 | -21.2% |
| Total equity and liabilities | 10/49 | €1,066,430 | €894,930 | -€171,500 | -16.1% |
| Equity | 10/15 | €605,184 | €512,705 | -€92,479 | -15.3% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €471,355 | €386,818 | -€84,537 | -17.9% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,858 | €421 | -€1,437 | -77.3% |
| Distributable reserves | 133 | €463,300 | €380,200 | -€83,100 | -17.9% |
| Profit (loss) carried forward | 14 | €44,103 | €44,105 | +€2 | 0.0% |
| Investment grants | 15 | €27,752 | €19,809 | -€7,944 | -28.6% |
| Provisions and deferred taxes | 16 | €825 | €279 | -€546 | -66.1% |
| Deferred taxes | 168 | €825 | €279 | -€546 | -66.1% |
| Amounts payable | 17/49 | €460,421 | €381,945 | -€78,476 | -17.0% |
| Amounts payable after more than one year | 17 | €147,277 | €128,000 | -€19,277 | -13.1% |
| Financial debts | 170/4 | €19,277 | - | -€19,277 | |
| Other amounts payable | 178/9 | €128,000 | €128,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €303,993 | €244,515 | -€59,478 | -19.6% |
| Current portion of amounts payable after more than one year | 42 | €21,876 | €19,277 | -€2,599 | -11.9% |
| Trade debts | 44 | €59,026 | €18,412 | -€40,614 | -68.8% |
| Suppliers | 440/4 | €59,026 | €18,412 | -€40,614 | -68.8% |
| Advances received on contracts in progress | 46 | €66,571 | €8,434 | -€58,137 | -87.3% |
| Taxes, remuneration and social security | 45 | €20,813 | €32,901 | +€12,088 | +58.1% |
| Taxes | 450/3 | €18,602 | €25,540 | +€6,938 | +37.3% |
| Remuneration and social security | 454/9 | €2,211 | €7,361 | +€5,150 | +233% |
| Other amounts payable | 47/48 | €135,708 | €165,491 | +€29,784 | +21.9% |
| Accrued charges and deferred income | 492/3 | €9,151 | €9,431 | +€279 | +3.1% |
| Non-recurring operating income | 76A | €8,465 | €14,112 | +€5,648 | +66.7% |
| Remuneration, social security and pensions | 62 | €193,625 | €153,301 | -€40,324 | -20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,217 | €110,768 | +€10,552 | +10.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,710 | - | +€3,710 | |
| Other operating charges | 640/8 | €13,482 | €11,203 | -€2,280 | -16.9% |
| Non-recurring operating charges | 66A | €1,629 | €30 | -€1,599 | -98.2% |
| Gross operating margin | 9900 | €350,192 | €366,650 | +€16,457 | +4.7% |
| Operating profit (loss) | 9901 | €44,949 | €91,347 | +€46,398 | +103% |
| Financial income | 75/76B | €15,710 | €13,783 | -€1,927 | -12.3% |
| Recurring financial income | 75 | €15,710 | €13,783 | -€1,927 | -12.3% |
| Financial charges | 65/66B | €17,617 | €15,453 | -€2,163 | -12.3% |
| Recurring financial charges | 65 | €17,617 | €15,453 | -€2,163 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €43,043 | €89,677 | +€46,634 | +108% |
| Transfer from deferred taxes | 780 | €483 | €546 | +€63 | +13.1% |
| Income taxes | 67/77 | €11,366 | €24,758 | +€13,392 | +118% |
| Profit (loss) for the period | 9904 | €32,159 | €65,465 | +€33,306 | +104% |
| Transfer from tax-exempt reserves | 789 | €1,249 | €1,437 | +€188 | +15.1% |
| Profit (loss) for the period to be appropriated | 9905 | €33,408 | €66,902 | +€33,494 | +100% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.