RUN FENG: 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 FENG
Largest movements
- Cash +€19,561
up €19,561 (+122%), from €16,004 to €35,565
mainly Debts after one year (+€28,242) and Depreciation (+€4,246)
- Stocks and contracts +€5,151
new in 2025: €5,151
- Tangible fixed assets +€3,974
up €3,974 (+16.9%), from €23,578 to €27,552
of which Plant, machinery and equipment: +€4,867
- Receivables within one year +€1,000
up €1,000 (+13.2%), from €7,550 to €8,550
of which Trade receivables: +€1,104
- Debts after one year +€28,242
up €28,242 (+43.4%), from €65,086 to €93,328
- Trade debts +€2,960
new in 2025: €2,960
- Profit (loss) carried forward -€1,703
down €1,703 (-1.4%), from -€117,954 to -€119,657
- Turnover +€128,439
new in 2025: €128,439
- Purchases and services +€105,209
up €105,209 (+606%), from €17,356 to €122,565
- Gross operating margin +€23,230
up €23,230, from -€17,356 to €5,874
- Other operating charges +€2,556
new in 2025: €2,556
- Depreciation +€2,429
up €2,429 (+134%), from €1,817 to €4,246
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 | €47,132 | €76,818 | +€29,686 | +63.0% |
| Fixed assets | 21/28 | €23,578 | €27,552 | +€3,974 | +16.9% |
| Tangible fixed assets | 22/27 | €23,578 | €27,552 | +€3,974 | +16.9% |
| Plant, machinery and equipment | 23 | €1,669 | €6,536 | +€4,867 | +292% |
| Furniture and vehicles | 24 | - | €612 | +€612 | |
| Other tangible fixed assets | 26 | €21,909 | €20,404 | -€1,505 | -6.9% |
| Current assets | 29/58 | €23,554 | €49,266 | +€25,712 | +109% |
| Stocks and contracts in progress | 3 | - | €5,151 | +€5,151 | |
| Stocks | 30/36 | - | €5,151 | +€5,151 | |
| Amounts receivable within one year | 40/41 | €7,550 | €8,550 | +€1,000 | +13.2% |
| Trade receivables | 40 | - | €1,104 | +€1,104 | |
| Other amounts receivable | 41 | €7,550 | €7,446 | -€104 | -1.4% |
| Cash at bank and in hand | 54/58 | €16,004 | €35,565 | +€19,561 | +122% |
| Total equity and liabilities | 10/49 | €47,132 | €76,818 | +€29,686 | +63.0% |
| Equity | 10/15 | -€17,954 | -€19,657 | -€1,703 | -9.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€117,954 | -€119,657 | -€1,703 | -1.4% |
| Amounts payable | 17/49 | €65,086 | €96,475 | +€31,389 | +48.2% |
| Amounts payable after more than one year | 17 | €65,086 | €93,328 | +€28,242 | +43.4% |
| Other amounts payable | 178/9 | €65,086 | €93,328 | +€28,242 | +43.4% |
| Amounts payable within one year | 42/48 | - | €3,147 | +€3,147 | |
| Trade debts | 44 | - | €2,960 | +€2,960 | |
| Suppliers | 440/4 | - | €2,960 | +€2,960 | |
| Taxes, remuneration and social security | 45 | - | €187 | +€187 | |
| Taxes | 450/3 | - | €187 | +€187 | |
| Turnover | 70 | - | €128,439 | +€128,439 | |
| Goods, raw materials, services and sundry goods | 60/61 | €17,356 | €122,565 | +€105,209 | +606% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,817 | €4,246 | +€2,429 | +134% |
| Other operating charges | 640/8 | - | €2,556 | +€2,556 | |
| Gross operating margin | 9900 | -€17,356 | €5,874 | +€23,230 | |
| Operating profit (loss) | 9901 | -€19,173 | -€928 | +€18,245 | +95.2% |
| Financial charges | 65/66B | €293 | €775 | +€482 | +165% |
| Recurring financial charges | 65 | €293 | €775 | +€482 | +165% |
| Profit (loss) for the period before taxes | 9903 | -€19,466 | -€1,703 | +€17,763 | +91.3% |
| Profit (loss) for the period | 9904 | -€19,466 | -€1,703 | +€17,763 | +91.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,466 | -€1,703 | +€17,763 | +91.3% |
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 22 October 2026 via checked.be.