RUN'S: 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'S
Largest movements
- Intangible fixed assets +€100,000
new in 2025: €100,000
- Stocks and contracts +€13,692
up €13,692 (+19.3%), from €70,925 to €84,617
- Receivables within one year +€3,050
up €3,050 (+4.3%), from €71,168 to €74,218
of which Other amounts receivable: +€12,010
- Cash +€3,049
up €3,049 (+2159.8%), from €141 to €3,190
mainly Net result for the year (+€77,369) and Trade debts (+€54,121)
- Profit (loss) carried forward +€77,369
up €77,369, from -€16,287 to €61,082
- Trade debts +€54,121
up €54,121 (+169.5%), from €31,937 to €86,058
- Advances received -€23,500
no longer reported in 2025 (was €23,500)
- Tax, wage and social debts +€10,308
up €10,308 (+16.7%), from €61,661 to €71,969
of which Taxes: +€6,185
- Gross operating margin +€151,551
up €151,551 (+110.1%), from €137,680 to €289,231
- Staff costs +€41,650
up €41,650 (+27.6%), from €150,777 to €192,427
- Taxes +€17,672
new in 2025: €17,672
- Depreciation -€6,667
no longer reported in 2025 (was €6,667)
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 | €142,414 | €262,205 | +€119,791 | +84.1% |
| Fixed assets | 21/28 | €180 | €100,180 | +€100,000 | +55555.6% |
| Intangible fixed assets | 21 | - | €100,000 | +€100,000 | |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €142,234 | €162,025 | +€19,791 | +13.9% |
| Stocks and contracts in progress | 3 | €70,925 | €84,617 | +€13,692 | +19.3% |
| Stocks | 30/36 | €70,925 | €84,617 | +€13,692 | +19.3% |
| Amounts receivable within one year | 40/41 | €71,168 | €74,218 | +€3,050 | +4.3% |
| Trade receivables | 40 | €67,766 | €58,806 | -€8,960 | -13.2% |
| Other amounts receivable | 41 | €3,403 | €15,412 | +€12,010 | +352.9% |
| Cash at bank and in hand | 54/58 | €141 | €3,190 | +€3,049 | +2159.8% |
| Total equity and liabilities | 10/49 | €142,414 | €262,205 | +€119,791 | +84.1% |
| Equity | 10/15 | €4,118 | €81,487 | +€77,369 | +1878.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| 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 | -€16,287 | €61,082 | +€77,369 | |
| Amounts payable | 17/49 | €138,296 | €180,718 | +€42,423 | +30.7% |
| Amounts payable within one year | 42/48 | €138,296 | €180,718 | +€42,423 | +30.7% |
| Trade debts | 44 | €31,937 | €86,058 | +€54,121 | +169.5% |
| Suppliers | 440/4 | €31,937 | €86,058 | +€54,121 | +169.5% |
| Advances received on contracts in progress | 46 | €23,500 | - | -€23,500 | |
| Taxes, remuneration and social security | 45 | €61,661 | €71,969 | +€10,308 | +16.7% |
| Taxes | 450/3 | €16,373 | €22,558 | +€6,185 | +37.8% |
| Remuneration and social security | 454/9 | €45,288 | €49,411 | +€4,123 | +9.1% |
| Other amounts payable | 47/48 | €21,198 | €22,692 | +€1,494 | +7.0% |
| Remuneration, social security and pensions | 62 | €150,777 | €192,427 | +€41,650 | +27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,667 | - | -€6,667 | |
| Other operating charges | 640/8 | €831 | €1,397 | +€566 | +68.1% |
| Gross operating margin | 9900 | €137,680 | €289,231 | +€151,551 | +110.1% |
| Operating profit (loss) | 9901 | -€20,596 | €95,406 | +€116,002 | |
| Financial charges | 65/66B | €451 | €366 | -€85 | -18.9% |
| Recurring financial charges | 65 | €451 | €366 | -€85 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | -€21,047 | €95,040 | +€116,087 | |
| Income taxes | 67/77 | - | €17,672 | +€17,672 | |
| Profit (loss) for the period | 9904 | -€21,047 | €77,369 | +€98,416 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,047 | €77,369 | +€98,416 |
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 10 October 2026 via checked.be.