SA RADERMECKER: 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.
What changed
SA RADERMECKER
NACE 16.240, Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.0m
2024 · €1.7m-€643,670
Equity
€13.4m
2024 · €12.4m+€1.0m
Cash
€232,404
2024 · €223,781+€8,623
Balance sheet total
€23.0m
2024 · €23.3m-€300,852
Largest movements
Assets
- Current investments -€2.0m
down €2.0m (-40.2%), from €5.0m to €3.0m
- Receivables within one year +€1.3m
up €1.3m (+18.8%), from €7.0m to €8.3m
of which Other amounts receivable: +€829,707
- Stocks and contracts +€256,444
up €256,444 (+5.0%), from €5.1m to €5.3m
Equity and liabilities
- Other debts -€1.8m
down €1.8m (-27.7%), from €6.4m to €4.6m
- Reserves +€1.0m
up €1.0m (+8.4%), from €12.1m to €13.1m
of which Distributable reserves: +€1.5m
- Debts after one year +€311,232
up €311,232 (+12.8%), from €2.4m to €2.7m
Income statement
- Goods and materials +€1.3m
up €1.3m (+6.9%), from €19.1m to €20.4m
of which Purchases: +€971,769
- Turnover +€868,939
up €868,939 (+2.7%), from €31.6m to €32.5m
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.
Result 2024
€1.7m
Turnover
+€868,939
Other operating income
-€11,710
Goods and materials
-€1.3m
Services and other goods
-€225,670
Staff costs
-€230,702
Depreciation
-€146,707
Write-downs
+€36,035
Other operating charges
+€55,575
Other operating items
+€86,297
Financial income
+€87,922
Financial charges
+€11,379
Taxes
+€133,456
Deferred taxes and other
-€24
Result 2025
€1.0m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€1.5m
Investment
+€1.2m
Financing
+€315,176
Cash 2024
€223,781
From operations (derived)
-€1.5m
Net result for the year
+€1.0m
Depreciation
+€660,311
Stocks and contracts
-€256,444
Receivables within one year
-€1.3m
Deferred charges and accrued income
-€5,074
Smaller working-capital items
-€644
Trade debts
+€41,827
Tax, wage and social debts
+€106,348
Other debts
-€1.8m
Investment (derived)
+€1.2m
Investment in fixed assets (net)
-€780,136
Current investments
+€2.0m
Financing
+€315,176
Debts after one year
+€311,232
Current portion of long-term debt
+€5,871
Contributions, distributions and other
-€1,927
Cash 2025
€232,404
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,315,542 | €23,014,690 | -€300,852 | -1.3% |
| Fixed assets | 21/28 | €5,891,334 | €6,011,159 | +€119,824 | +2.0% |
| Intangible fixed assets | 21 | €249,171 | €198,638 | -€50,533 | -20.3% |
| Tangible fixed assets | 22/27 | €5,636,939 | €5,807,296 | +€170,357 | +3.0% |
| Land and buildings | 22 | €3,825,696 | €3,684,381 | -€141,316 | -3.7% |
| Plant, machinery and equipment | 23 | €697,834 | €1,463,813 | +€765,980 | +110% |
| Furniture and vehicles | 24 | €322,784 | €355,220 | +€32,436 | +10.0% |
| Leasing and similar rights | 25 | €259,548 | €220,641 | -€38,907 | -15.0% |
| Assets under construction and advance payments | 27 | €531,077 | €83,241 | -€447,836 | -84.3% |
| Financial fixed assets | 28 | €5,225 | €5,225 | = | 0.0% |
| Other financial fixed assets | 284/8 | €5,225 | €5,225 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €5,225 | €5,225 | = | 0.0% |
| Current assets | 29/58 | €17,424,207 | €17,003,531 | -€420,676 | -2.4% |
| Stocks and contracts in progress | 3 | €5,081,017 | €5,337,462 | +€256,444 | +5.0% |
| Stocks | 30/36 | €5,081,017 | €5,337,462 | +€256,444 | +5.0% |
| Raw materials and consumables | 30/31 | €4,040,118 | €4,242,183 | +€202,065 | +5.0% |
| Finished goods | 33 | €1,040,899 | €1,095,278 | +€54,379 | +5.2% |
| Amounts receivable within one year | 40/41 | €7,008,809 | €8,325,106 | +€1.3m | +18.8% |
| Trade receivables | 40 | €6,369,832 | €6,856,423 | +€486,591 | +7.6% |
| Other amounts receivable | 41 | €638,977 | €1,468,683 | +€829,707 | +130% |
| Current investments | 50/53 | €4,993,980 | €2,986,865 | -€2.0m | -40.2% |
| Other investments | 51/53 | €4,993,980 | €2,986,865 | -€2.0m | -40.2% |
| Cash at bank and in hand | 54/58 | €223,781 | €232,404 | +€8,623 | +3.9% |
| Deferred charges and accrued income | 490/1 | €116,619 | €121,694 | +€5,074 | +4.4% |
| Total equity and liabilities | 10/49 | €23,315,542 | €23,014,690 | -€300,852 | -1.3% |
| Equity | 10/15 | €12,434,365 | €13,446,323 | +€1.0m | +8.1% |
| Contributions | 10/11 | €375,000 | €375,000 | = | 0.0% |
| Capital | 10 | €375,000 | €375,000 | = | 0.0% |
| Issued capital | 100 | €375,000 | €375,000 | = | 0.0% |
| Reserves | 13 | €12,051,344 | €13,065,229 | +€1.0m | +8.4% |
| Non-distributable reserves | 130/1 | €37,500 | €37,500 | = | 0.0% |
| Legal reserve | 130 | €37,500 | €37,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,139,779 | €2,673,121 | -€466,658 | -14.9% |
| Distributable reserves | 133 | €8,874,065 | €10,354,608 | +€1.5m | +16.7% |
| Investment grants | 15 | €8,021 | €6,094 | -€1,927 | -24.0% |
| Provisions and deferred taxes | 16 | €4,898 | €3,707 | -€1,191 | -24.3% |
| Deferred taxes | 168 | €4,898 | €3,707 | -€1,191 | -24.3% |
| Amounts payable | 17/49 | €10,876,278 | €9,564,660 | -€1.3m | -12.1% |
| Amounts payable after more than one year | 17 | €2,425,890 | €2,737,122 | +€311,232 | +12.8% |
| Financial debts | 170/4 | €2,425,890 | €2,737,122 | +€311,232 | +12.8% |
| Leasing and similar obligations | 172 | €192,938 | €148,680 | -€44,257 | -22.9% |
| Credit institutions | 173 | €2,232,952 | €2,588,441 | +€355,489 | +15.9% |
| Amounts payable within one year | 42/48 | €8,449,495 | €6,826,098 | -€1.6m | -19.2% |
| Current portion of amounts payable after more than one year | 42 | €354,537 | €360,408 | +€5,871 | +1.7% |
| Trade debts | 44 | €1,137,805 | €1,179,632 | +€41,827 | +3.7% |
| Suppliers | 440/4 | €1,137,805 | €1,179,632 | +€41,827 | +3.7% |
| Taxes, remuneration and social security | 45 | €534,850 | €641,197 | +€106,348 | +19.9% |
| Taxes | 450/3 | €157,492 | €175,523 | +€18,032 | +11.4% |
| Remuneration and social security | 454/9 | €377,358 | €465,674 | +€88,316 | +23.4% |
| Other amounts payable | 47/48 | €6,422,304 | €4,644,861 | -€1.8m | -27.7% |
| Accrued charges and deferred income | 492/3 | €893 | €1,440 | +€547 | +61.2% |
| Operating income | 70/76A | €31,881,822 | €32,825,348 | +€943,526 | +3.0% |
| Turnover | 70 | €31,613,164 | €32,482,103 | +€868,939 | +2.7% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€31,917 | €54,379 | +€86,297 | |
| Other operating income | 74 | €300,576 | €288,866 | -€11,710 | -3.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €29,653,012 | €31,472,942 | +€1.8m | +6.1% |
| Goods for resale, raw materials and consumables | 60 | €19,060,962 | €20,369,422 | +€1.3m | +6.9% |
| Purchases | 600/8 | €19,592,145 | €20,563,913 | +€971,769 | +5.0% |
| Change in stocks: decrease (increase) | 609 | -€531,183 | -€194,492 | +€336,692 | +63.4% |
| Services and other goods | 61 | €6,955,025 | €7,180,695 | +€225,670 | +3.2% |
| Remuneration, social security and pensions | 62 | €2,869,173 | €3,099,876 | +€230,702 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €513,604 | €660,311 | +€146,707 | +28.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €30,203 | -€5,832 | -€36,035 | |
| Other operating charges | 640/8 | €224,044 | €168,469 | -€55,575 | -24.8% |
| Operating profit (loss) | 9901 | €2,228,811 | €1,352,406 | -€876,404 | -39.3% |
| Financial income | 75/76B | €272,134 | €360,056 | +€87,922 | +32.3% |
| Recurring financial income | 75 | €272,134 | €360,056 | +€87,922 | +32.3% |
| Income from financial fixed assets | 750 | €42,872 | €108,314 | +€65,442 | +153% |
| Income from current assets | 751 | €41,744 | €61,925 | +€20,181 | +48.3% |
| Other financial income | 752/9 | €187,519 | €189,818 | +€2,299 | +1.2% |
| Financial charges | 65/66B | €336,564 | €325,184 | -€11,379 | -3.4% |
| Recurring financial charges | 65 | €335,597 | €325,184 | -€10,413 | -3.1% |
| Debt charges | 650 | €315,541 | €293,092 | -€22,449 | -7.1% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €0 | - | = | |
| Other financial charges | 652/9 | €20,057 | €32,092 | +€12,036 | +60.0% |
| Non-recurring financial charges | 66B | €966 | €0 | -€966 | -100% |
| Profit (loss) for the period before taxes | 9903 | €2,164,381 | €1,387,278 | -€777,102 | -35.9% |
| Transfer from deferred taxes | 780 | €1,216 | €1,191 | -€24 | -2.0% |
| Income taxes | 67/77 | €508,041 | €374,585 | -€133,456 | -26.3% |
| Taxes | 670/3 | €508,041 | €374,585 | -€133,456 | -26.3% |
| Profit (loss) for the period | 9904 | €1,657,555 | €1,013,885 | -€643,670 | -38.8% |
| Transfer from tax-exempt reserves | 789 | €487,782 | €887,658 | +€399,877 | +82.0% |
| Transfer to tax-exempt reserves | 689 | €842,000 | €421,000 | -€421,000 | -50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,303,337 | €1,480,543 | +€177,206 | +13.6% |
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 26 October 2026 via checked.be.