ROADRUNNER MANAGEMENT: 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.
ROADRUNNER MANAGEMENT
Largest movements
- Current investments -€200,000
no longer reported in 2025 (was €200,000)
- Cash -€80,937
down €80,937 (-82.4%), from €98,261 to €17,324
mainly Contributions, distributions and other (-€325,000) and Receivables within one year (-€28,676)
- Receivables within one year +€28,676
up €28,676 (+1899.1%), from €1,510 to €30,186
of which Other amounts receivable: +€14,422
- Tangible fixed assets +€10,212
up €10,212 (+172.8%), from €5,908 to €16,121
of which Plant, machinery and equipment: +€10,493
- Reserves -€218,253
down €218,253 (-80.7%), from €270,401 to €52,148
- Tax, wage and social debts -€22,558
down €22,558 (-81.1%), from €27,804 to €5,246
- Gross operating margin +€17,456
up €17,456 (+13.5%), from €129,458 to €146,914
- Taxes +€9,088
up €9,088 (+34.3%), from €26,490 to €35,578
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 | €306,084 | €65,595 | -€240,489 | -78.6% |
| Fixed assets | 21/28 | €5,908 | €16,121 | +€10,212 | +172.8% |
| Tangible fixed assets | 22/27 | €5,908 | €16,121 | +€10,212 | +172.8% |
| Plant, machinery and equipment | 23 | €4,874 | €15,367 | +€10,493 | +215.3% |
| Furniture and vehicles | 24 | €1,034 | €753 | -€281 | -27.2% |
| Current assets | 29/58 | €300,176 | €49,475 | -€250,701 | -83.5% |
| Amounts receivable within one year | 40/41 | €1,510 | €30,186 | +€28,676 | +1899.1% |
| Trade receivables | 40 | - | €14,254 | +€14,254 | |
| Other amounts receivable | 41 | €1,510 | €15,932 | +€14,422 | +955.2% |
| Current investments | 50/53 | €200,000 | - | -€200,000 | |
| Cash at bank and in hand | 54/58 | €98,261 | €17,324 | -€80,937 | -82.4% |
| Deferred charges and accrued income | 490/1 | €405 | €1,965 | +€1,560 | +384.8% |
| Total equity and liabilities | 10/49 | €306,084 | €65,595 | -€240,489 | -78.6% |
| Equity | 10/15 | €272,901 | €54,648 | -€218,253 | -80.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €270,401 | €52,148 | -€218,253 | -80.7% |
| Distributable reserves | 133 | €270,401 | €52,148 | -€218,253 | -80.7% |
| Amounts payable | 17/49 | €33,183 | €10,947 | -€22,236 | -67.0% |
| Amounts payable within one year | 42/48 | €33,183 | €10,947 | -€22,236 | -67.0% |
| Trade debts | 44 | €2,760 | €1,970 | -€791 | -28.7% |
| Suppliers | 440/4 | €2,760 | €1,970 | -€791 | -28.7% |
| Taxes, remuneration and social security | 45 | €27,804 | €5,246 | -€22,558 | -81.1% |
| Taxes | 450/3 | €27,804 | €5,246 | -€22,558 | -81.1% |
| Other amounts payable | 47/48 | €2,619 | €3,732 | +€1,112 | +42.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,358 | €2,570 | +€1,212 | +89.3% |
| Other operating charges | 640/8 | €1,256 | €1,744 | +€488 | +38.8% |
| Gross operating margin | 9900 | €129,458 | €146,914 | +€17,456 | +13.5% |
| Operating profit (loss) | 9901 | €126,844 | €142,600 | +€15,756 | +12.4% |
| Financial income | 75/76B | €1,724 | €1,919 | +€195 | +11.3% |
| Recurring financial income | 75 | €1,724 | €1,919 | +€195 | +11.3% |
| Financial charges | 65/66B | €2,688 | €2,194 | -€494 | -18.4% |
| Recurring financial charges | 65 | €2,688 | €2,194 | -€494 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €125,880 | €142,325 | +€16,444 | +13.1% |
| Income taxes | 67/77 | €26,490 | €35,578 | +€9,088 | +34.3% |
| Profit (loss) for the period | 9904 | €99,390 | €106,747 | +€7,357 | +7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €99,390 | €106,747 | +€7,357 | +7.4% |
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 3 October 2026 via checked.be.