RADSYS: what changed
RADSYS
Largest movements
- Cash -€138,036
down €138,036 (-33.0%), from €418,897 to €280,861
mainly Trade debts (-€231,297) and Debts after one year (-€15,000)
- Receivables within one year -€48,417
down €48,417 (-67.2%), from €72,071 to €23,655
of which Other amounts receivable: -€27,018
- Tangible fixed assets -€18,098
down €18,098 (-11.3%), from €160,501 to €142,404
of which Plant, machinery and equipment: -€10,244
- Current investments +€13,535
up €13,535 (+12.2%), from €111,016 to €124,550
- Trade debts -€231,297
down €231,297 (-78.9%), from €293,034 to €61,737
- Profit (loss) carried forward +€47,011
up €47,011 (+23.3%), from €201,335 to €248,346
- Debts after one year -€15,000
no longer reported in 2025 (was €15,000)
- Other debts +€9,958
up €9,958 (+5,936%), from €168 to €10,126
- Gross operating margin +€58,207
up €58,207 (+214%), from €27,256 to €85,463
- Financial income -€16,040
down €16,040 (-57.3%), from €28,014 to €11,974
- Taxes +€12,578
up €12,578 (+1,256%), from €1,001 to €13,579
- Financial charges -€2,555
down €2,555 (-27.3%), from €9,351 to €6,796
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €768,615 | €579,274 | -€189,340 | -24.6% |
| Fixed assets | 21/28 | €162,751 | €144,654 | -€18,098 | -11.1% |
| Tangible fixed assets | 22/27 | €160,501 | €142,404 | -€18,098 | -11.3% |
| Land and buildings | 22 | €97,893 | €89,425 | -€8,467 | -8.6% |
| Plant, machinery and equipment | 23 | €61,366 | €51,122 | -€10,244 | -16.7% |
| Furniture and vehicles | 24 | €1,242 | €1,857 | +€614 | +49.4% |
| Financial fixed assets | 28 | €2,250 | €2,250 | = | 0.0% |
| Current assets | 29/58 | €605,864 | €434,621 | -€171,243 | -28.3% |
| Amounts receivable within one year | 40/41 | €72,071 | €23,655 | -€48,417 | -67.2% |
| Trade receivables | 40 | €34,599 | €13,200 | -€21,399 | -61.8% |
| Other amounts receivable | 41 | €37,473 | €10,455 | -€27,018 | -72.1% |
| Current investments | 50/53 | €111,016 | €124,550 | +€13,535 | +12.2% |
| Cash at bank and in hand | 54/58 | €418,897 | €280,861 | -€138,036 | -33.0% |
| Deferred charges and accrued income | 490/1 | €3,880 | €5,555 | +€1,675 | +43.2% |
| Total equity and liabilities | 10/49 | €768,615 | €579,274 | -€189,340 | -24.6% |
| Equity | 10/15 | €444,585 | €491,596 | +€47,011 | +10.6% |
| Contributions | 10/11 | €57,500 | €57,500 | = | 0.0% |
| Reserves | 13 | €185,750 | €185,750 | = | 0.0% |
| Distributable reserves | 133 | €185,750 | €185,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €201,335 | €248,346 | +€47,011 | +23.3% |
| Amounts payable | 17/49 | €324,029 | €87,678 | -€236,351 | -72.9% |
| Amounts payable after more than one year | 17 | €15,000 | - | -€15,000 | |
| Financial debts | 170/4 | €15,000 | - | -€15,000 | |
| Amounts payable within one year | 42/48 | €308,997 | €87,678 | -€221,319 | -71.6% |
| Current portion of amounts payable after more than one year | 42 | €15,000 | €15,000 | = | 0.0% |
| Financial debts | 43 | €7 | €11 | +€3 | +46.7% |
| Credit institutions | 430/8 | €7 | €11 | +€3 | +46.7% |
| Trade debts | 44 | €293,034 | €61,737 | -€231,297 | -78.9% |
| Suppliers | 440/4 | €293,034 | €61,737 | -€231,297 | -78.9% |
| Taxes, remuneration and social security | 45 | €788 | €804 | +€17 | +2.1% |
| Taxes | 450/3 | €788 | €804 | +€17 | +2.1% |
| Other amounts payable | 47/48 | €168 | €10,126 | +€9,958 | +5,936% |
| Accrued charges and deferred income | 492/3 | €32 | - | -€32 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,898 | €19,171 | +€273 | +1.4% |
| Other operating charges | 640/8 | €853 | €880 | +€27 | +3.2% |
| Gross operating margin | 9900 | €27,256 | €85,463 | +€58,207 | +214% |
| Operating profit (loss) | 9901 | €7,505 | €65,411 | +€57,907 | +772% |
| Financial income | 75/76B | €28,014 | €11,974 | -€16,040 | -57.3% |
| Recurring financial income | 75 | €28,014 | €11,974 | -€16,040 | -57.3% |
| Financial charges | 65/66B | €9,351 | €6,796 | -€2,555 | -27.3% |
| Recurring financial charges | 65 | €9,351 | €6,796 | -€2,555 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | €26,168 | €70,590 | +€44,422 | +170% |
| Income taxes | 67/77 | €1,001 | €13,579 | +€12,578 | +1,256% |
| Profit (loss) for the period | 9904 | €25,167 | €57,011 | +€31,844 | +127% |
| Profit (loss) for the period to be appropriated | 9905 | €25,167 | €57,011 | +€31,844 | +127% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.