RUNA: 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.
RUNA
Largest movements
- Tangible fixed assets -€49,130
down €49,130 (-26.6%), from €184,906 to €135,776
of which Furniture and vehicles: -€47,352
- Cash +€38,389
up €38,389 (+24.4%), from €157,016 to €195,405
mainly Net result for the year (+€575,073) and Depreciation (+€54,453)
- Current investments +€33,508
up €33,508 (+16.0%), from €210,000 to €243,508
- Receivables within one year -€14,272
down €14,272 (-4.5%), from €314,368 to €300,096
of which Trade receivables: -€28,379
- Reserves +€30,073
up €30,073 (+15.0%), from €199,901 to €229,974
of which Distributable reserves: +€30,073
- Tax, wage and social debts -€17,667
down €17,667 (-23.2%), from €76,014 to €58,347
of which Taxes: -€16,339
- Short-term financial debts +€10,093
new in 2025: €10,093
- Trade debts -€9,405
down €9,405 (-30.7%), from €30,628 to €21,223
- Gross operating margin -€176,355
down €176,355 (-17.1%), from €1.0m to €852,380
- Taxes -€31,286
down €31,286 (-69.1%), from €45,296 to €14,011
- Staff costs -€30,663
down €30,663 (-12.6%), from €242,640 to €211,978
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 | €875,143 | €884,345 | +€9,202 | +1.1% |
| Fixed assets | 21/28 | €187,395 | €136,905 | -€50,490 | -26.9% |
| Intangible fixed assets | 21 | €2,489 | €1,129 | -€1,360 | -54.6% |
| Tangible fixed assets | 22/27 | €184,906 | €135,776 | -€49,130 | -26.6% |
| Land and buildings | 22 | €8,172 | €6,075 | -€2,097 | -25.7% |
| Plant, machinery and equipment | 23 | €14,553 | €14,873 | +€320 | +2.2% |
| Furniture and vehicles | 24 | €162,180 | €114,828 | -€47,352 | -29.2% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €687,749 | €747,440 | +€59,691 | +8.7% |
| Amounts receivable within one year | 40/41 | €314,368 | €300,096 | -€14,272 | -4.5% |
| Trade receivables | 40 | €308,476 | €280,096 | -€28,379 | -9.2% |
| Other amounts receivable | 41 | €5,892 | €20,000 | +€14,108 | +239.4% |
| Current investments | 50/53 | €210,000 | €243,508 | +€33,508 | +16.0% |
| Cash at bank and in hand | 54/58 | €157,016 | €195,405 | +€38,389 | +24.4% |
| Deferred charges and accrued income | 490/1 | €6,364 | €8,430 | +€2,066 | +32.5% |
| Total equity and liabilities | 10/49 | €875,143 | €884,345 | +€9,202 | +1.1% |
| Equity | 10/15 | €218,501 | €248,574 | +€30,073 | +13.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €199,901 | €229,974 | +€30,073 | +15.0% |
| Tax-exempt reserves | 132 | €56,668 | €56,668 | = | 0.0% |
| Distributable reserves | 133 | €143,233 | €173,306 | +€30,073 | +21.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €656,642 | €635,771 | -€20,871 | -3.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €656,642 | €635,771 | -€20,871 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | - | €10,093 | +€10,093 | |
| Other loans | 439 | - | €10,093 | +€10,093 | |
| Trade debts | 44 | €30,628 | €21,223 | -€9,405 | -30.7% |
| Suppliers | 440/4 | €30,628 | €21,223 | -€9,405 | -30.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €76,014 | €58,347 | -€17,667 | -23.2% |
| Taxes | 450/3 | €62,796 | €46,457 | -€16,339 | -26.0% |
| Remuneration and social security | 454/9 | €13,218 | €11,890 | -€1,328 | -10.0% |
| Other amounts payable | 47/48 | €550,000 | €546,109 | -€3,891 | -0.7% |
| Non-recurring operating income | 76A | €4,940 | €0 | -€4,940 | -100.0% |
| Remuneration, social security and pensions | 62 | €242,640 | €211,978 | -€30,663 | -12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,564 | €54,453 | -€1,111 | -2.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,525 | €1,249 | -€277 | -18.1% |
| Other operating charges | 640/8 | €7,951 | €7,409 | -€542 | -6.8% |
| Non-recurring operating charges | 66A | €15,961 | €4,019 | -€11,943 | -74.8% |
| Gross operating margin | 9900 | €1,028,735 | €852,380 | -€176,355 | -17.1% |
| Operating profit (loss) | 9901 | €705,092 | €573,273 | -€131,819 | -18.7% |
| Financial income | 75/76B | €20,891 | €17,011 | -€3,880 | -18.6% |
| Recurring financial income | 75 | €20,891 | €17,011 | -€3,880 | -18.6% |
| Financial charges | 65/66B | €575 | €1,201 | +€626 | +108.9% |
| Recurring financial charges | 65 | €575 | €1,201 | +€626 | +108.9% |
| Profit (loss) for the period before taxes | 9903 | €725,408 | €589,083 | -€136,325 | -18.8% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €45,296 | €14,011 | -€31,286 | -69.1% |
| Profit (loss) for the period | 9904 | €680,112 | €575,073 | -€105,039 | -15.4% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €680,112 | €575,073 | -€105,039 | -15.4% |
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 4 October 2026 via checked.be.