RUN APPLICATIONS: 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.
RUN APPLICATIONS
Largest movements
- Receivables within one year -€27,609
down €27,609 (-41.6%), from €66,369 to €38,760
of which Trade receivables: -€23,842
- Cash +€18,341
up €18,341 (+12.9%), from €141,840 to €160,181
mainly Receivables within one year (+€27,609) and Tax, wage and social debts (+€1,725)
- Reserves -€10,284
down €10,284 (-7.9%), from €130,211 to €119,926
of which Distributable reserves: -€10,284
- Trade debts -€3,078
down €3,078 (-58.8%), from €5,238 to €2,161
- Gross operating margin -€11,075
down €11,075, from €4,889 to -€6,186
- Depreciation -€1,883
down €1,883 (-59.7%), from €3,152 to €1,270
- Financial charges +€1,585
up €1,585 (+349%), from €454 to €2,039
- Financial income -€491
down €491 (-57.0%), from €861 to €370
- Other operating charges +€366
up €366 (+51.9%), from €706 to €1,073
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 | €270,148 | €259,610 | -€10,538 | -3.9% |
| Fixed assets | 21/28 | €1,270 | - | -€1,270 | |
| Tangible fixed assets | 22/27 | €1,270 | - | -€1,270 | |
| Furniture and vehicles | 24 | €1,270 | - | -€1,270 | |
| Current assets | 29/58 | €268,878 | €259,610 | -€9,268 | -3.4% |
| Amounts receivable within one year | 40/41 | €66,369 | €38,760 | -€27,609 | -41.6% |
| Trade receivables | 40 | €59,355 | €35,514 | -€23,842 | -40.2% |
| Other amounts receivable | 41 | €7,014 | €3,246 | -€3,768 | -53.7% |
| Current investments | 50/53 | €60,669 | €60,669 | -€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €141,840 | €160,181 | +€18,341 | +12.9% |
| Total equity and liabilities | 10/49 | €270,148 | €259,610 | -€10,538 | -3.9% |
| Equity | 10/15 | €136,408 | €126,124 | -€10,284 | -7.5% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €130,211 | €119,926 | -€10,284 | -7.9% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €128,352 | €118,067 | -€10,284 | -8.0% |
| Amounts payable | 17/49 | €133,740 | €133,486 | -€253 | -0.2% |
| Amounts payable within one year | 42/48 | €133,740 | €133,486 | -€253 | -0.2% |
| Trade debts | 44 | €5,238 | €2,161 | -€3,078 | -58.8% |
| Suppliers | 440/4 | €5,238 | €2,161 | -€3,078 | -58.8% |
| Taxes, remuneration and social security | 45 | €1,919 | €3,644 | +€1,725 | +89.9% |
| Taxes | 450/3 | €1,919 | €3,644 | +€1,725 | +89.9% |
| Other amounts payable | 47/48 | €126,583 | €127,682 | +€1,099 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,152 | €1,270 | -€1,883 | -59.7% |
| Other operating charges | 640/8 | €706 | €1,073 | +€366 | +51.9% |
| Gross operating margin | 9900 | €4,889 | -€6,186 | -€11,075 | |
| Operating profit (loss) | 9901 | €1,031 | -€8,529 | -€9,559 | |
| Financial income | 75/76B | €861 | €370 | -€491 | -57.0% |
| Recurring financial income | 75 | €861 | €370 | -€491 | -57.0% |
| Financial charges | 65/66B | €454 | €2,039 | +€1,585 | +349% |
| Recurring financial charges | 65 | €454 | €2,039 | +€1,585 | +349% |
| Profit (loss) for the period before taxes | 9903 | €1,438 | -€10,197 | -€11,635 | |
| Income taxes | 67/77 | - | €87 | +€87 | |
| Profit (loss) for the period | 9904 | €1,438 | -€10,284 | -€11,723 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,438 | -€10,284 | -€11,723 |
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 13 October 2026 via checked.be.