RUN PROD: 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.
RUN PROD
Largest movements
- Receivables within one year +€89,552
up €89,552 (+96.4%), from €92,853 to €182,404
of which Trade receivables: +€56,554
- Tangible fixed assets -€2,427
down €2,427 (-16.5%), from €14,753 to €12,326
of which Other tangible fixed assets: -€3,299
- Trade debts +€77,711
up €77,711 (+497.1%), from €15,632 to €93,343
- Other debts +€27,000
new in 2025: €27,000
- Advances received -€16,080
no longer reported in 2025 (was €16,080)
- Tax, wage and social debts +€5,347
up €5,347 (+31.1%), from €17,187 to €22,534
- Profit (loss) carried forward -€3,566
down €3,566 (-7.5%), from €47,448 to €43,883
- Depreciation +€3,205
up €3,205 (+91.1%), from €3,518 to €6,723
- Financial income +€2,959
up €2,959 (+184906.3%), from €2 to €2,960
- Taxes -€1,811
down €1,811 (-14.0%), from €12,963 to €11,151
- Financial charges +€1,773
up €1,773 (+309.2%), from €573 to €2,346
- Gross operating margin -€1,680
down €1,680 (-3.9%), from €42,884 to €41,204
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 | €110,306 | €197,960 | +€87,653 | +79.5% |
| Fixed assets | 21/28 | €14,753 | €12,326 | -€2,427 | -16.5% |
| Tangible fixed assets | 22/27 | €14,753 | €12,326 | -€2,427 | -16.5% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €3,114 | €3,986 | +€872 | +28.0% |
| Other tangible fixed assets | 26 | €11,639 | €8,340 | -€3,299 | -28.3% |
| Current assets | 29/58 | €95,554 | €185,634 | +€90,081 | +94.3% |
| Amounts receivable within one year | 40/41 | €92,853 | €182,404 | +€89,552 | +96.4% |
| Trade receivables | 40 | €53,126 | €109,680 | +€56,554 | +106.5% |
| Other amounts receivable | 41 | €39,727 | €72,725 | +€32,998 | +83.1% |
| Cash at bank and in hand | 54/58 | €2,701 | €3,230 | +€529 | +19.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €110,306 | €197,960 | +€87,653 | +79.5% |
| Equity | 10/15 | €58,648 | €55,083 | -€3,566 | -6.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,448 | €43,883 | -€3,566 | -7.5% |
| Amounts payable | 17/49 | €51,658 | €142,877 | +€91,219 | +176.6% |
| Amounts payable within one year | 42/48 | €51,658 | €142,877 | +€91,219 | +176.6% |
| Financial debts | 43 | €2,759 | - | -€2,759 | |
| Credit institutions | 430/8 | €2,759 | - | -€2,759 | |
| Trade debts | 44 | €15,632 | €93,343 | +€77,711 | +497.1% |
| Suppliers | 440/4 | €15,632 | €93,343 | +€77,711 | +497.1% |
| Advances received on contracts in progress | 46 | €16,080 | - | -€16,080 | |
| Taxes, remuneration and social security | 45 | €17,187 | €22,534 | +€5,347 | +31.1% |
| Taxes | 450/3 | €17,187 | €22,534 | +€5,347 | +31.1% |
| Other amounts payable | 47/48 | - | €27,000 | +€27,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,518 | €6,723 | +€3,205 | +91.1% |
| Other operating charges | 640/8 | €424 | €509 | +€85 | +20.0% |
| Gross operating margin | 9900 | €42,884 | €41,204 | -€1,680 | -3.9% |
| Operating profit (loss) | 9901 | €38,942 | €33,972 | -€4,970 | -12.8% |
| Financial income | 75/76B | €2 | €2,960 | +€2,959 | +184906.3% |
| Recurring financial income | 75 | €2 | €2,960 | +€2,959 | +184906.3% |
| Financial charges | 65/66B | €573 | €2,346 | +€1,773 | +309.2% |
| Recurring financial charges | 65 | €573 | €2,346 | +€1,773 | +309.2% |
| Profit (loss) for the period before taxes | 9903 | €38,370 | €34,585 | -€3,785 | -9.9% |
| Income taxes | 67/77 | €12,963 | €11,151 | -€1,811 | -14.0% |
| Profit (loss) for the period | 9904 | €25,408 | €23,434 | -€1,973 | -7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €25,408 | €23,434 | -€1,973 | -7.8% |
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 1 October 2026 via checked.be.