SB RAD: 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.
SB RAD
Largest movements
- Cash -€29,441
down €29,441 (-5.6%), from €528,689 to €499,248
mainly Contributions, distributions and other (-€1.1m)
- Tangible fixed assets -€19,021
down €19,021 (-33.0%), from €57,628 to €38,607
of which Furniture and vehicles: -€17,464
- Profit (loss) carried forward -€499,909
down €499,909 (-92.6%), from €540,093 to €40,185
- Other debts +€441,901
up €441,901 (+86009.8%), from €514 to €442,415
- Tax, wage and social debts +€9,493
up €9,493 (+23.3%), from €40,692 to €50,186
- Gross operating margin +€53,717
up €53,717 (+7.6%), from €703,303 to €757,020
- Taxes +€15,795
up €15,795 (+9.5%), from €165,599 to €181,394
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 | €586,317 | €537,855 | -€48,461 | -8.3% |
| Fixed assets | 21/28 | €57,628 | €38,607 | -€19,021 | -33.0% |
| Tangible fixed assets | 22/27 | €57,628 | €38,607 | -€19,021 | -33.0% |
| Plant, machinery and equipment | 23 | €2,762 | €1,205 | -€1,557 | -56.4% |
| Furniture and vehicles | 24 | €54,866 | €37,402 | -€17,464 | -31.8% |
| Current assets | 29/58 | €528,689 | €499,248 | -€29,441 | -5.6% |
| Cash at bank and in hand | 54/58 | €528,689 | €499,248 | -€29,441 | -5.6% |
| Total equity and liabilities | 10/49 | €586,317 | €537,855 | -€48,461 | -8.3% |
| Equity | 10/15 | €545,093 | €45,185 | -€499,909 | -91.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €540,093 | €40,185 | -€499,909 | -92.6% |
| Amounts payable | 17/49 | €41,223 | €492,671 | +€451,448 | +1095.1% |
| Amounts payable within one year | 42/48 | €41,223 | €492,671 | +€451,448 | +1095.1% |
| Trade debts | 44 | €17 | €70 | +€53 | +313.2% |
| Suppliers | 440/4 | €17 | €70 | +€53 | +313.2% |
| Taxes, remuneration and social security | 45 | €40,692 | €50,186 | +€9,493 | +23.3% |
| Taxes | 450/3 | €40,692 | €50,186 | +€9,493 | +23.3% |
| Other amounts payable | 47/48 | €514 | €442,415 | +€441,901 | +86009.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,120 | €19,021 | -€4,099 | -17.7% |
| Other operating charges | 640/8 | €505 | €579 | +€73 | +14.5% |
| Gross operating margin | 9900 | €703,303 | €757,020 | +€53,717 | +7.6% |
| Operating profit (loss) | 9901 | €679,678 | €737,421 | +€57,743 | +8.5% |
| Financial income | 75/76B | €0 | €4,205 | +€4,205 | |
| Recurring financial income | 75 | €0 | €4,205 | +€4,205 | |
| Financial charges | 65/66B | €70 | €140 | +€70 | +101.2% |
| Recurring financial charges | 65 | €70 | €140 | +€70 | +101.2% |
| Profit (loss) for the period before taxes | 9903 | €679,608 | €741,485 | +€61,877 | +9.1% |
| Income taxes | 67/77 | €165,599 | €181,394 | +€15,795 | +9.5% |
| Profit (loss) for the period | 9904 | €514,009 | €560,091 | +€46,082 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €514,009 | €560,091 | +€46,082 | +9.0% |
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 30 September 2026 via checked.be.