RADICOM SA: 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.
What changed
RADICOM SA
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€29,914
2024 · €198,847-€228,761
Equity
€9.0m
2024 · €9.0m-€29,284
Cash
€866,464
2024 · €1.0m-€154,623
Balance sheet total
€10.6m
2024 · €10.6m-€16,919
Largest movements
Assets
- Financial fixed assets +€501,785
up €501,785 (+19.8%), from €2.5m to €3.0m
- Receivables after one year -€275,381
down €275,381 (-12.5%), from €2.2m to €1.9m
of which Other amounts receivable: -€275,381
- Cash -€154,623
down €154,623 (-15.1%), from €1.0m to €866,464
mainly Investment in fixed assets (net) (-€502,412) and Receivables within one year (-€46,015)
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Write-downs +€275,000
new in 2025: €275,000
- Financial income +€57,755
up €57,755 (+18.1%), from €319,935 to €377,690
- Taxes -€18,915
down €18,915 (-97.2%), from €19,455 to €540
- Gross operating margin -€15,865
down €15,865 (-26.8%), from €59,258 to €43,393
- Financial charges +€13,411
up €13,411 (+23.3%), from €57,660 to €71,070
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
€198,847
Gross operating margin
-€15,865
Depreciation
+€1,437
Write-downs
-€275,000
Other operating charges
-€3,448
Financial income
+€57,755
Financial charges
-€13,411
Taxes
+€18,915
Deferred taxes and other
+€856
Result 2025
-€29,914
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.
From operations
+€306,199
Investment
-€461,452
Financing
+€630
Cash 2024
€1.0m
From operations (derived)
+€306,199
Net result for the year
-€29,914
Depreciation
+€95,068
Receivables after one year
+€275,381
Receivables within one year
-€46,015
Smaller working-capital items
+€445
Provisions
-€6,228
Trade debts
+€12,780
Tax, wage and social debts
+€4,681
Investment (derived)
-€461,452
Investment in fixed assets (net)
-€502,412
Current investments
+€40,959
Financing
+€630
Contributions, distributions and other
+€630
Cash 2025
€866,464
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,634,614 | €10,617,695 | -€16,919 | -0.2% |
| Fixed assets | 21/28 | €4,897,211 | €5,304,554 | +€407,343 | +8.3% |
| Tangible fixed assets | 22/27 | €2,360,286 | €2,265,844 | -€94,442 | -4.0% |
| Land and buildings | 22 | €2,322,290 | €2,238,184 | -€84,106 | -3.6% |
| Plant, machinery and equipment | 23 | €2,355 | €1,799 | -€556 | -23.6% |
| Furniture and vehicles | 24 | €33,530 | €23,750 | -€9,780 | -29.2% |
| Other tangible fixed assets | 26 | €2,112 | €2,112 | = | 0.0% |
| Financial fixed assets | 28 | €2,536,925 | €3,038,710 | +€501,785 | +19.8% |
| Current assets | 29/58 | €5,737,403 | €5,313,141 | -€424,262 | -7.4% |
| Amounts receivable after more than one year | 29 | €2,194,502 | €1,919,120 | -€275,381 | -12.5% |
| Trade receivables | 290 | €20,000 | €20,000 | = | 0.0% |
| Other amounts receivable | 291 | €2,174,502 | €1,899,120 | -€275,381 | -12.7% |
| Amounts receivable within one year | 40/41 | €108,186 | €154,201 | +€46,015 | +42.5% |
| Trade receivables | 40 | €11,135 | €32,370 | +€21,236 | +190.7% |
| Other amounts receivable | 41 | €97,051 | €121,830 | +€24,779 | +25.5% |
| Current investments | 50/53 | €2,410,521 | €2,369,562 | -€40,959 | -1.7% |
| Cash at bank and in hand | 54/58 | €1,021,087 | €866,464 | -€154,623 | -15.1% |
| Deferred charges and accrued income | 490/1 | €3,108 | €3,794 | +€687 | +22.1% |
| Total equity and liabilities | 10/49 | €10,634,614 | €10,617,695 | -€16,919 | -0.2% |
| Equity | 10/15 | €9,043,757 | €9,014,473 | -€29,284 | -0.3% |
| Contributions | 10/11 | €6,850,630 | €6,850,630 | = | 0.0% |
| Capital | 10 | €6,850,630 | €6,850,630 | = | 0.0% |
| Issued capital | 100 | €6,850,630 | €6,850,630 | = | 0.0% |
| Revaluation surpluses | 12 | €145,188 | €145,188 | = | 0.0% |
| Reserves | 13 | €1,644,173 | €1,632,077 | -€12,096 | -0.7% |
| Non-distributable reserves | 130/1 | €685,063 | €685,063 | = | 0.0% |
| Legal reserve | 130 | €685,063 | €685,063 | = | 0.0% |
| Tax-exempt reserves | 132 | €285,110 | €273,014 | -€12,096 | -4.2% |
| Distributable reserves | 133 | €674,000 | €674,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €403,766 | €386,577 | -€17,189 | -4.3% |
| Provisions and deferred taxes | 16 | €123,559 | €117,331 | -€6,228 | -5.0% |
| Deferred taxes | 168 | €123,559 | €117,331 | -€6,228 | -5.0% |
| Amounts payable | 17/49 | €1,467,298 | €1,485,891 | +€18,593 | +1.3% |
| Amounts payable within one year | 42/48 | €1,467,298 | €1,485,891 | +€18,593 | +1.3% |
| Trade debts | 44 | €17,298 | €30,078 | +€12,780 | +73.9% |
| Suppliers | 440/4 | €17,298 | €30,078 | +€12,780 | +73.9% |
| Taxes, remuneration and social security | 45 | - | €4,681 | +€4,681 | |
| Taxes | 450/3 | - | €4,681 | +€4,681 | |
| Other amounts payable | 47/48 | €1,450,000 | €1,451,132 | +€1,132 | +0.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,506 | €95,068 | -€1,437 | -1.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €275,000 | +€275,000 | |
| Other operating charges | 640/8 | €12,098 | €15,546 | +€3,448 | +28.5% |
| Gross operating margin | 9900 | €59,258 | €43,393 | -€15,865 | -26.8% |
| Operating profit (loss) | 9901 | -€49,345 | -€342,222 | -€292,876 | -593.5% |
| Financial income | 75/76B | €319,935 | €377,690 | +€57,755 | +18.1% |
| Recurring financial income | 75 | €319,935 | €377,690 | +€57,755 | +18.1% |
| Financial charges | 65/66B | €57,660 | €71,070 | +€13,411 | +23.3% |
| Recurring financial charges | 65 | €57,660 | €71,070 | +€13,411 | +23.3% |
| Profit (loss) for the period before taxes | 9903 | €212,930 | -€35,602 | -€248,532 | |
| Transfer from deferred taxes | 780 | €5,372 | €6,228 | +€856 | +15.9% |
| Income taxes | 67/77 | €19,455 | €540 | -€18,915 | -97.2% |
| Profit (loss) for the period | 9904 | €198,847 | -€29,914 | -€228,761 | |
| Transfer from tax-exempt reserves | 789 | €12,396 | €12,096 | -€300 | -2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €211,243 | -€17,819 | -€229,062 |
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 4 October 2026 via checked.be.