RUNA: 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.
RUNA
Largest movements
- Receivables within one year +€33,449
up €33,449 (+9.2%), from €364,478 to €397,927
- Tangible fixed assets -€23,691
down €23,691 (-4.3%), from €545,362 to €521,670
- Debts after one year +€421,419
up €421,419, from €0 to €421,419
of which Other amounts payable: +€421,419
- Short-term financial debts -€421,419
no longer reported in 2025 (was €421,419)
- Profit (loss) carried forward +€27,910
up €27,910 (+9.8%), from -€285,088 to -€257,178
- Other debts -€12,856
down €12,856 (-12.2%), from €105,059 to €92,203
- Current portion of long-term debt -€10,661
no longer reported in 2025 (was €10,661)
- Gross operating margin +€18,714
up €18,714 (+41.6%), from €44,971 to €63,685
- Depreciation -€4,221
down €4,221 (-15.1%), from €27,913 to €23,691
- Other operating charges +€1,188
up €1,188 (+11.6%), from €10,217 to €11,404
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 | €926,938 | €931,332 | +€4,394 | +0.5% |
| Fixed assets | 21/28 | €545,500 | €521,808 | -€23,691 | -4.3% |
| Tangible fixed assets | 22/27 | €545,362 | €521,670 | -€23,691 | -4.3% |
| Land and buildings | 22 | €545,362 | €521,670 | -€23,691 | -4.3% |
| Financial fixed assets | 28 | €138 | €138 | = | 0.0% |
| Current assets | 29/58 | €381,438 | €409,523 | +€28,085 | +7.4% |
| Amounts receivable within one year | 40/41 | €364,478 | €397,927 | +€33,449 | +9.2% |
| Other amounts receivable | 41 | €364,478 | €397,927 | +€33,449 | +9.2% |
| Cash at bank and in hand | 54/58 | €16,961 | €9,023 | -€7,938 | -46.8% |
| Deferred charges and accrued income | 490/1 | - | €2,573 | +€2,573 | |
| Total equity and liabilities | 10/49 | €926,938 | €931,332 | +€4,394 | +0.5% |
| Equity | 10/15 | €148,726 | €176,635 | +€27,910 | +18.8% |
| Contributions | 10/11 | €433,814 | €433,814 | = | 0.0% |
| Capital | 10 | €433,814 | €433,814 | = | 0.0% |
| Issued capital | 100 | €433,814 | €433,814 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€285,088 | -€257,178 | +€27,910 | +9.8% |
| Amounts payable | 17/49 | €778,212 | €754,696 | -€23,516 | -3.0% |
| Amounts payable after more than one year | 17 | €0 | €421,419 | +€421,419 | |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | - | €421,419 | +€421,419 | |
| Amounts payable within one year | 42/48 | €778,212 | €333,277 | -€444,935 | -57.2% |
| Current portion of amounts payable after more than one year | 42 | €10,661 | - | -€10,661 | |
| Financial debts | 43 | €421,419 | - | -€421,419 | |
| Credit institutions | 430/8 | €421,419 | - | -€421,419 | |
| Trade debts | 44 | €241,074 | €241,074 | = | 0.0% |
| Suppliers | 440/4 | €241,074 | €241,074 | = | 0.0% |
| Other amounts payable | 47/48 | €105,059 | €92,203 | -€12,856 | -12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,913 | €23,691 | -€4,221 | -15.1% |
| Other operating charges | 640/8 | €10,217 | €11,404 | +€1,188 | +11.6% |
| Gross operating margin | 9900 | €44,971 | €63,685 | +€18,714 | +41.6% |
| Operating profit (loss) | 9901 | €6,841 | €28,589 | +€21,747 | +318% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €986 | €679 | -€307 | -31.1% |
| Recurring financial charges | 65 | €986 | €679 | -€307 | -31.1% |
| Profit (loss) for the period before taxes | 9903 | €5,856 | €27,910 | +€22,053 | +377% |
| Profit (loss) for the period | 9904 | €5,856 | €27,910 | +€22,053 | +377% |
| Profit (loss) for the period to be appropriated | 9905 | €5,856 | €27,910 | +€22,053 | +377% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.