Record Run: 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.
Record Run
Largest movements
- Deferred charges and accrued income -€5,839
down €5,839 (-80.0%), from €7,294 to €1,456
- Receivables within one year -€1,690
down €1,690 (-8.6%), from €19,728 to €18,038
- Tangible fixed assets -€790
down €790 (-42.8%), from €1,847 to €1,057
- Cash -€625
no longer reported in 2025 (was €625)
mainly Net result for the year (-€5,639) and Tax, wage and social debts (-€3,953)
- Profit (loss) carried forward -€5,639
down €5,639 (-51.9%), from -€10,859 to -€16,497
- Tax, wage and social debts -€3,953
down €3,953 (-64.1%), from €6,170 to €2,216
of which Remuneration and social security: -€2,100
- Other debts +€841
up €841 (+13.3%), from €6,303 to €7,144
- Trade debts -€652
down €652 (-4.8%), from €13,585 to €12,933
- Current portion of long-term debt +€495
new in 2025: €495
- Gross operating margin -€5,576
down €5,576, from €5,301 to -€275
- Write-downs +€638
new in 2025: €638
- Financial charges +€587
up €587 (+45.5%), from €1,289 to €1,875
- Other operating charges +€326
up €326 (+20.4%), from €1,598 to €1,924
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 | €29,519 | €20,551 | -€8,968 | -30.4% |
| Fixed assets | 21/28 | €1,872 | €1,057 | -€815 | -43.5% |
| Tangible fixed assets | 22/27 | €1,847 | €1,057 | -€790 | -42.8% |
| Plant, machinery and equipment | 23 | €1,847 | €1,057 | -€790 | -42.8% |
| Financial fixed assets | 28 | €25 | - | -€25 | |
| Current assets | 29/58 | €27,647 | €19,494 | -€8,153 | -29.5% |
| Amounts receivable within one year | 40/41 | €19,728 | €18,038 | -€1,690 | -8.6% |
| Trade receivables | 40 | €19,728 | €18,038 | -€1,690 | -8.6% |
| Cash at bank and in hand | 54/58 | €625 | - | -€625 | |
| Deferred charges and accrued income | 490/1 | €7,294 | €1,456 | -€5,839 | -80.0% |
| Total equity and liabilities | 10/49 | €29,519 | €20,551 | -€8,968 | -30.4% |
| Equity | 10/15 | €3,401 | -€2,237 | -€5,639 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,859 | -€16,497 | -€5,639 | -51.9% |
| Amounts payable | 17/49 | €26,118 | €22,788 | -€3,330 | -12.7% |
| Amounts payable within one year | 42/48 | €26,057 | €22,788 | -€3,269 | -12.5% |
| Current portion of amounts payable after more than one year | 42 | - | €495 | +€495 | |
| Trade debts | 44 | €13,585 | €12,933 | -€652 | -4.8% |
| Suppliers | 440/4 | €13,585 | €12,933 | -€652 | -4.8% |
| Taxes, remuneration and social security | 45 | €6,170 | €2,216 | -€3,953 | -64.1% |
| Taxes | 450/3 | €4,070 | €2,216 | -€1,853 | -45.5% |
| Remuneration and social security | 454/9 | €2,100 | - | -€2,100 | |
| Other amounts payable | 47/48 | €6,303 | €7,144 | +€841 | +13.3% |
| Accrued charges and deferred income | 492/3 | €60 | - | -€60 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €790 | €790 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €638 | +€638 | |
| Other operating charges | 640/8 | €1,598 | €1,924 | +€326 | +20.4% |
| Gross operating margin | 9900 | €5,301 | -€275 | -€5,576 | |
| Operating profit (loss) | 9901 | €2,913 | -€3,627 | -€6,540 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €1,289 | €1,875 | +€587 | +45.5% |
| Recurring financial charges | 65 | €1,289 | €1,875 | +€587 | +45.5% |
| Profit (loss) for the period before taxes | 9903 | €1,626 | -€5,502 | -€7,128 | |
| Income taxes | 67/77 | €162 | €136 | -€26 | -15.9% |
| Profit (loss) for the period | 9904 | €1,464 | -€5,639 | -€7,102 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,464 | -€5,639 | -€7,102 |
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 25 October 2026 via checked.be.