RUN EXPRESS LOGISTICS: 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 EXPRESS LOGISTICS
Largest movements
- Tangible fixed assets +€184,665
up €184,665 (+24.8%), from €745,557 to €930,222
of which Leasing and similar rights: +€194,239
- Receivables within one year +€111,198
up €111,198 (+14.1%), from €790,253 to €901,451
- Cash +€98,462
up €98,462 (+286%), from €34,367 to €132,829
mainly Depreciation (+€197,014) and Debts after one year (+€175,805)
- Stocks and contracts -€54,495
down €54,495 (-40.8%), from €133,475 to €78,980
- Debts after one year +€175,805
up €175,805 (+58.4%), from €301,024 to €476,829
- Trade debts +€170,029
up €170,029 (+18.3%), from €926,963 to €1.1m
- Other debts -€126,736
down €126,736 (-77.3%), from €163,975 to €37,239
- Profit (loss) carried forward +€108,261
up €108,261 (+504%), from €21,475 to €129,737
- Depreciation +€53,220
up €53,220 (+37.0%), from €143,793 to €197,014
- Gross operating margin +€47,917
up €47,917 (+11.5%), from €416,033 to €463,950
- Financial income +€18,019
new in 2025: €18,019
of which Non-recurring financial income: +€18,000
- Financial charges +€16,760
up €16,760 (+133%), from €12,608 to €29,368
of which Financial charges: +€12,367
- Staff costs -€16,491
down €16,491 (-16.0%), from €103,380 to €86,889
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 | €1,716,454 | €2,050,232 | +€333,778 | +19.4% |
| Fixed assets | 21/28 | €752,307 | €936,972 | +€184,665 | +24.5% |
| Tangible fixed assets | 22/27 | €745,557 | €930,222 | +€184,665 | +24.8% |
| Land and buildings | 22 | €160,000 | €160,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €14,268 | €13,517 | -€751 | -5.3% |
| Furniture and vehicles | 24 | €11,901 | €5,299 | -€6,602 | -55.5% |
| Leasing and similar rights | 25 | €538,282 | €732,521 | +€194,239 | +36.1% |
| Other tangible fixed assets | 26 | €21,106 | €18,884 | -€2,222 | -10.5% |
| Financial fixed assets | 28 | €6,750 | €6,750 | = | 0.0% |
| Current assets | 29/58 | €964,147 | €1,113,260 | +€149,113 | +15.5% |
| Stocks and contracts in progress | 3 | €133,475 | €78,980 | -€54,495 | -40.8% |
| Stocks | 30/36 | €133,475 | €78,980 | -€54,495 | -40.8% |
| Amounts receivable within one year | 40/41 | €790,253 | €901,451 | +€111,198 | +14.1% |
| Trade receivables | 40 | €790,253 | €901,451 | +€111,198 | +14.1% |
| Cash at bank and in hand | 54/58 | €34,367 | €132,829 | +€98,462 | +286% |
| Deferred charges and accrued income | 490/1 | €6,052 | - | -€6,052 | |
| Total equity and liabilities | 10/49 | €1,716,454 | €2,050,232 | +€333,778 | +19.4% |
| Equity | 10/15 | €29,530 | €150,142 | +€120,611 | +408% |
| Contributions | 10/11 | €6,200 | €18,550 | +€12,350 | +199% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,475 | €129,737 | +€108,261 | +504% |
| Amounts payable | 17/49 | €1,686,924 | €1,900,090 | +€213,166 | +12.6% |
| Amounts payable after more than one year | 17 | €301,024 | €476,829 | +€175,805 | +58.4% |
| Financial debts | 170/4 | €301,024 | €476,829 | +€175,805 | +58.4% |
| Amounts payable within one year | 42/48 | €1,364,186 | €1,406,261 | +€42,075 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €148,673 | €160,851 | +€12,177 | +8.2% |
| Trade debts | 44 | €926,963 | €1,096,992 | +€170,029 | +18.3% |
| Suppliers | 440/4 | €926,963 | €1,096,992 | +€170,029 | +18.3% |
| Taxes, remuneration and social security | 45 | €124,574 | €111,179 | -€13,395 | -10.8% |
| Taxes | 450/3 | €104,310 | €101,458 | -€2,851 | -2.7% |
| Remuneration and social security | 454/9 | €20,264 | €9,721 | -€10,543 | -52.0% |
| Other amounts payable | 47/48 | €163,975 | €37,239 | -€126,736 | -77.3% |
| Accrued charges and deferred income | 492/3 | €21,713 | €17,000 | -€4,713 | -21.7% |
| Remuneration, social security and pensions | 62 | €103,380 | €86,889 | -€16,491 | -16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €143,793 | €197,014 | +€53,220 | +37.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €12,100 | +€12,100 | |
| Other operating charges | 640/8 | €13,773 | €17,215 | +€3,442 | +25.0% |
| Gross operating margin | 9900 | €416,033 | €463,950 | +€47,917 | +11.5% |
| Operating profit (loss) | 9901 | €155,086 | €150,732 | -€4,354 | -2.8% |
| Financial income | 75/76B | - | €18,019 | +€18,019 | |
| Recurring financial income | 75 | - | €19 | +€19 | |
| Non-recurring financial income | 76B | - | €18,000 | +€18,000 | |
| Financial charges | 65/66B | €12,608 | €29,368 | +€16,760 | +133% |
| Recurring financial charges | 65 | €12,308 | €24,674 | +€12,367 | +100% |
| Non-recurring financial charges | 66B | €300 | €4,694 | +€4,394 | +1,464% |
| Profit (loss) for the period before taxes | 9903 | €142,479 | €139,384 | -€3,095 | -2.2% |
| Income taxes | 67/77 | €37,659 | €31,122 | -€6,537 | -17.4% |
| Profit (loss) for the period | 9904 | €104,820 | €108,261 | +€3,442 | +3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €104,820 | €108,261 | +€3,442 | +3.3% |
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 20 October 2026 via checked.be.