RUN8: 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.
RUN8
Largest movements
- Receivables within one year +€45,000
up €45,000 (+239.2%), from €18,813 to €63,813
of which Trade receivables: +€45,000
- Cash +€11,466
up €11,466 (+441.0%), from €2,600 to €14,066
mainly Other debts (+€107,676) and Net result for the year (+€54,465)
- Other debts +€107,676
up €107,676 (+74.0%), from €145,601 to €253,277
- Advances received -€37,431
no longer reported in 2025 (was €37,431)
- Current portion of long-term debt -€29,174
no longer reported in 2025 (was €29,174)
- Reserves +€24,055
up €24,055 (+8.8%), from €274,204 to €298,260
of which Distributable reserves: +€24,055
- Financial charges -€1,880
down €1,880 (-13.5%), from €13,924 to €12,044
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 | €674,014 | €733,480 | +€59,466 | +8.8% |
| Current assets | 29/58 | €674,014 | €733,480 | +€59,466 | +8.8% |
| Amounts receivable within one year | 40/41 | €18,813 | €63,813 | +€45,000 | +239.2% |
| Trade receivables | 40 | €15,663 | €60,663 | +€45,000 | +287.3% |
| Other amounts receivable | 41 | €3,150 | €3,150 | = | 0.0% |
| Current investments | 50/53 | €652,600 | €652,600 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,600 | €14,066 | +€11,466 | +441.0% |
| Deferred charges and accrued income | 490/1 | - | €3,000 | +€3,000 | |
| Total equity and liabilities | 10/49 | €674,014 | €733,480 | +€59,466 | +8.8% |
| Equity | 10/15 | €415,100 | €439,156 | +€24,055 | +5.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €274,204 | €298,260 | +€24,055 | +8.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €272,344 | €296,400 | +€24,055 | +8.8% |
| Profit (loss) carried forward | 14 | €128,496 | €128,496 | = | 0.0% |
| Amounts payable | 17/49 | €258,913 | €294,324 | +€35,411 | +13.7% |
| Amounts payable within one year | 42/48 | €247,000 | €283,229 | +€36,230 | +14.7% |
| Current portion of amounts payable after more than one year | 42 | €29,174 | - | -€29,174 | |
| Financial debts | 43 | €11,759 | €11,738 | -€21 | -0.2% |
| Credit institutions | 430/8 | €11,759 | €11,738 | -€21 | -0.2% |
| Trade debts | 44 | €2,625 | €4,353 | +€1,729 | +65.9% |
| Suppliers | 440/4 | €2,625 | €4,353 | +€1,729 | +65.9% |
| Advances received on contracts in progress | 46 | €37,431 | - | -€37,431 | |
| Taxes, remuneration and social security | 45 | €20,410 | €13,862 | -€6,548 | -32.1% |
| Taxes | 450/3 | €20,410 | €13,862 | -€6,548 | -32.1% |
| Other amounts payable | 47/48 | €145,601 | €253,277 | +€107,676 | +74.0% |
| Accrued charges and deferred income | 492/3 | €11,914 | €11,095 | -€819 | -6.9% |
| Other operating charges | 640/8 | €928 | €844 | -€84 | -9.1% |
| Gross operating margin | 9900 | €88,091 | €88,247 | +€156 | +0.2% |
| Operating profit (loss) | 9901 | €87,163 | €87,403 | +€240 | +0.3% |
| Financial charges | 65/66B | €13,924 | €12,044 | -€1,880 | -13.5% |
| Recurring financial charges | 65 | €13,924 | €12,044 | -€1,880 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €73,239 | €75,359 | +€2,120 | +2.9% |
| Income taxes | 67/77 | €20,422 | €20,895 | +€473 | +2.3% |
| Profit (loss) for the period | 9904 | €52,817 | €54,465 | +€1,648 | +3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €52,817 | €54,465 | +€1,648 | +3.1% |
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 6 October 2026 via checked.be.