RUNA INVEST: 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 INVEST
Largest movements
- Tangible fixed assets -€165,345
down €165,345 (-7.3%), from €2.3m to €2.1m
of which Land and buildings: -€116,940
- Receivables within one year -€42,865
down €42,865 (-43.2%), from €99,174 to €56,309
of which Other amounts receivable: -€40,038
- Cash +€35,246
up €35,246 (+6.1%), from €575,272 to €610,518
mainly Net result for the year (+€241,353) and Depreciation (+€204,022)
- Reserves +€241,353
up €241,353 (+14.8%), from €1.6m to €1.9m
of which Distributable reserves: +€252,335
- Other debts -€240,939
down €240,939 (-94.8%), from €254,233 to €13,293
- Debts after one year -€94,300
down €94,300 (-28.1%), from €335,774 to €241,474
- Current portion of long-term debt -€54,886
down €54,886 (-36.8%), from €149,186 to €94,300
- Financial income -€161,850
down €161,850 (-57.1%), from €283,501 to €121,651
- Gross operating margin +€48,376
up €48,376 (+12.2%), from €397,009 to €445,384
- Financial charges -€18,498
down €18,498 (-69.8%), from €26,499 to €8,000
- Depreciation -€14,934
down €14,934 (-6.8%), from €218,956 to €204,022
- Taxes +€9,520
up €9,520 (+11.1%), from €85,923 to €95,443
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 | €3,039,753 | €2,877,394 | -€162,360 | -5.3% |
| Fixed assets | 21/28 | €2,362,458 | €2,197,113 | -€165,345 | -7.0% |
| Tangible fixed assets | 22/27 | €2,260,228 | €2,094,883 | -€165,345 | -7.3% |
| Land and buildings | 22 | €2,086,674 | €1,969,734 | -€116,940 | -5.6% |
| Plant, machinery and equipment | 23 | €2,602 | €3,634 | +€1,032 | +39.7% |
| Furniture and vehicles | 24 | €162,952 | €104,515 | -€58,438 | -35.9% |
| Other tangible fixed assets | 26 | €8,000 | €17,000 | +€9,000 | +113% |
| Financial fixed assets | 28 | €102,230 | €102,230 | = | 0.0% |
| Current assets | 29/58 | €677,295 | €680,281 | +€2,985 | +0.4% |
| Amounts receivable within one year | 40/41 | €99,174 | €56,309 | -€42,865 | -43.2% |
| Trade receivables | 40 | €10,686 | €7,859 | -€2,827 | -26.5% |
| Other amounts receivable | 41 | €88,488 | €48,450 | -€40,038 | -45.2% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €575,272 | €610,518 | +€35,246 | +6.1% |
| Deferred charges and accrued income | 490/1 | €2,849 | €13,454 | +€10,605 | +372% |
| Total equity and liabilities | 10/49 | €3,039,753 | €2,877,394 | -€162,360 | -5.3% |
| Equity | 10/15 | €2,188,323 | €2,429,676 | +€241,353 | +11.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,631,032 | €1,872,385 | +€241,353 | +14.8% |
| Non-distributable reserves | 130/1 | €51,200 | €51,200 | = | 0.0% |
| Legal reserve | 130 | €51,200 | €51,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €154,412 | €143,431 | -€10,982 | -7.1% |
| Distributable reserves | 133 | €1,425,419 | €1,677,754 | +€252,335 | +17.7% |
| Profit (loss) carried forward | 14 | €495,291 | €495,291 | = | 0.0% |
| Provisions and deferred taxes | 16 | €50,577 | €46,916 | -€3,661 | -7.2% |
| Deferred taxes | 168 | €50,577 | €46,916 | -€3,661 | -7.2% |
| Amounts payable | 17/49 | €800,854 | €400,802 | -€400,052 | -50.0% |
| Amounts payable after more than one year | 17 | €335,774 | €241,474 | -€94,300 | -28.1% |
| Financial debts | 170/4 | €335,774 | €241,474 | -€94,300 | -28.1% |
| Amounts payable within one year | 42/48 | €459,576 | €155,700 | -€303,876 | -66.1% |
| Current portion of amounts payable after more than one year | 42 | €149,186 | €94,300 | -€54,886 | -36.8% |
| Trade debts | 44 | €28,424 | €10,528 | -€17,897 | -63.0% |
| Suppliers | 440/4 | €28,424 | €10,528 | -€17,897 | -63.0% |
| Taxes, remuneration and social security | 45 | €27,733 | €37,579 | +€9,846 | +35.5% |
| Taxes | 450/3 | €27,733 | €37,579 | +€9,846 | +35.5% |
| Other amounts payable | 47/48 | €254,233 | €13,293 | -€240,939 | -94.8% |
| Accrued charges and deferred income | 492/3 | €5,504 | €3,628 | -€1,876 | -34.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €218,956 | €204,022 | -€14,934 | -6.8% |
| Other operating charges | 640/8 | €26,233 | €21,877 | -€4,356 | -16.6% |
| Gross operating margin | 9900 | €397,009 | €445,384 | +€48,376 | +12.2% |
| Operating profit (loss) | 9901 | €151,819 | €219,486 | +€67,666 | +44.6% |
| Financial income | 75/76B | €283,501 | €121,651 | -€161,850 | -57.1% |
| Recurring financial income | 75 | €283,501 | €121,651 | -€161,850 | -57.1% |
| Financial charges | 65/66B | €26,499 | €8,000 | -€18,498 | -69.8% |
| Recurring financial charges | 65 | €26,499 | €8,000 | -€18,498 | -69.8% |
| Profit (loss) for the period before taxes | 9903 | €408,821 | €333,136 | -€75,685 | -18.5% |
| Transfer from deferred taxes | 780 | €3,661 | €3,661 | = | 0.0% |
| Income taxes | 67/77 | €85,923 | €95,443 | +€9,520 | +11.1% |
| Profit (loss) for the period | 9904 | €326,558 | €241,353 | -€85,205 | -26.1% |
| Transfer from tax-exempt reserves | 789 | €10,982 | €10,982 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €337,540 | €252,335 | -€85,205 | -25.2% |
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 26 October 2026 via checked.be.