Radcom: 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.
Radcom
Largest movements
- Cash +€110,377
up €110,377 (+218%), from €50,550 to €160,927
mainly Other debts (+€152,971) and Current investments (+€100,000)
- Current investments -€100,000
down €100,000 (-47.1%), from €212,268 to €112,268
- Receivables within one year -€26,629
down €26,629 (-32.8%), from €81,135 to €54,505
of which Trade receivables: -€27,229
- Tangible fixed assets +€23,640
up €23,640 (+53.7%), from €44,053 to €67,693
of which Furniture and vehicles: +€23,026
- Other debts +€152,971
up €152,971 (+2,282%), from €6,705 to €159,676
- Reserves -€135,000
down €135,000 (-47.2%), from €285,952 to €150,952
- Tax, wage and social debts -€18,786
down €18,786 (-20.5%), from €91,819 to €73,033
- Trade debts +€8,111
up €8,111 (+406%), from €2,000 to €10,111
- Gross operating margin -€130,769
down €130,769 (-56.1%), from €232,957 to €102,188
- Taxes -€47,560
down €47,560 (-66.6%), from €71,384 to €23,824
- Depreciation +€6,868
up €6,868 (+52.1%), from €13,173 to €20,041
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €388,975 | €396,271 | +€7,296 | +1.9% |
| Fixed assets | 21/28 | €44,053 | €67,693 | +€23,640 | +53.7% |
| Tangible fixed assets | 22/27 | €44,053 | €67,693 | +€23,640 | +53.7% |
| Plant, machinery and equipment | 23 | €3,330 | €3,944 | +€614 | +18.4% |
| Furniture and vehicles | 24 | €40,723 | €63,749 | +€23,026 | +56.5% |
| Current assets | 29/58 | €344,922 | €328,578 | -€16,344 | -4.7% |
| Amounts receivable within one year | 40/41 | €81,135 | €54,505 | -€26,629 | -32.8% |
| Trade receivables | 40 | €81,135 | €53,905 | -€27,229 | -33.6% |
| Other amounts receivable | 41 | - | €600 | +€600 | |
| Current investments | 50/53 | €212,268 | €112,268 | -€100,000 | -47.1% |
| Cash at bank and in hand | 54/58 | €50,550 | €160,927 | +€110,377 | +218% |
| Deferred charges and accrued income | 490/1 | €969 | €878 | -€91 | -9.4% |
| Total equity and liabilities | 10/49 | €388,975 | €396,271 | +€7,296 | +1.9% |
| Equity | 10/15 | €288,452 | €153,452 | -€135,000 | -46.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €285,952 | €150,952 | -€135,000 | -47.2% |
| Distributable reserves | 133 | €285,952 | €150,952 | -€135,000 | -47.2% |
| Amounts payable | 17/49 | €100,523 | €242,819 | +€142,296 | +142% |
| Amounts payable within one year | 42/48 | €100,523 | €242,819 | +€142,296 | +142% |
| Trade debts | 44 | €2,000 | €10,111 | +€8,111 | +406% |
| Suppliers | 440/4 | €2,000 | €10,111 | +€8,111 | +406% |
| Taxes, remuneration and social security | 45 | €91,819 | €73,033 | -€18,786 | -20.5% |
| Taxes | 450/3 | €91,819 | €73,033 | -€18,786 | -20.5% |
| Other amounts payable | 47/48 | €6,705 | €159,676 | +€152,971 | +2,282% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,173 | €20,041 | +€6,868 | +52.1% |
| Other operating charges | 640/8 | €901 | €1,331 | +€430 | +47.8% |
| Gross operating margin | 9900 | €232,957 | €102,188 | -€130,769 | -56.1% |
| Operating profit (loss) | 9901 | €218,883 | €80,815 | -€138,068 | -63.1% |
| Financial income | 75/76B | €3,183 | €2,183 | -€1,000 | -31.4% |
| Recurring financial income | 75 | €3,183 | €2,183 | -€1,000 | -31.4% |
| Financial charges | 65/66B | - | €9 | +€9 | |
| Recurring financial charges | 65 | - | €9 | +€9 | |
| Profit (loss) for the period before taxes | 9903 | €222,066 | €82,988 | -€139,077 | -62.6% |
| Income taxes | 67/77 | €71,384 | €23,824 | -€47,560 | -66.6% |
| Profit (loss) for the period | 9904 | €150,682 | €59,165 | -€91,517 | -60.7% |
| Profit (loss) for the period to be appropriated | 9905 | €150,682 | €59,165 | -€91,517 | -60.7% |
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 14 October 2026 via checked.be.