RUNEO: 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.
RUNEO
Largest movements
- Receivables within one year +€60,500
new in 2025: €60,500
- Tangible fixed assets -€32,080
down €32,080 (-8.9%), from €362,403 to €330,323
of which Other tangible fixed assets: -€20,493
- Cash +€16,534
up €16,534 (+2.8%), from €584,190 to €600,724
mainly Other debts (+€142,479) and Net result for the year (+€40,227)
- Other debts +€142,479
up €142,479 (+33.2%), from €429,069 to €571,547
- Reserves -€102,281
down €102,281 (-51.3%), from €199,281 to €97,000
of which Distributable reserves: -€102,281
- Tax, wage and social debts +€13,385
up €13,385 (+259.7%), from €5,153 to €18,538
- Gross operating margin +€29,208
up €29,208 (+35.0%), from €83,454 to €112,661
- Taxes +€17,939
up €17,939, from -€5,121 to €12,819
- Depreciation +€1,770
up €1,770 (+5.1%), from €34,961 to €36,731
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 | €956,916 | €998,052 | +€41,137 | +4.3% |
| Fixed assets | 21/28 | €370,535 | €336,829 | -€33,707 | -9.1% |
| Intangible fixed assets | 21 | €8,133 | €6,506 | -€1,627 | -20.0% |
| Tangible fixed assets | 22/27 | €362,403 | €330,323 | -€32,080 | -8.9% |
| Land and buildings | 22 | €260,305 | €246,468 | -€13,837 | -5.3% |
| Furniture and vehicles | 24 | €2,780 | €5,029 | +€2,250 | +80.9% |
| Other tangible fixed assets | 26 | €99,318 | €78,825 | -€20,493 | -20.6% |
| Current assets | 29/58 | €586,381 | €661,224 | +€74,843 | +12.8% |
| Amounts receivable within one year | 40/41 | - | €60,500 | +€60,500 | |
| Trade receivables | 40 | - | €60,500 | +€60,500 | |
| Cash at bank and in hand | 54/58 | €584,190 | €600,724 | +€16,534 | +2.8% |
| Deferred charges and accrued income | 490/1 | €2,190 | - | -€2,190 | |
| Total equity and liabilities | 10/49 | €956,916 | €998,052 | +€41,137 | +4.3% |
| Equity | 10/15 | €416,469 | €314,415 | -€102,054 | -24.5% |
| Contributions | 10/11 | €270,000 | €270,000 | = | 0.0% |
| Reserves | 13 | €199,281 | €97,000 | -€102,281 | -51.3% |
| Non-distributable reserves | 130/1 | €27,000 | €27,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €27,000 | €27,000 | = | 0.0% |
| Distributable reserves | 133 | €172,281 | €70,000 | -€102,281 | -59.4% |
| Profit (loss) carried forward | 14 | -€52,812 | -€52,585 | +€227 | +0.4% |
| Amounts payable | 17/49 | €540,447 | €683,638 | +€143,191 | +26.5% |
| Amounts payable after more than one year | 17 | €68,151 | €58,751 | -€9,400 | -13.8% |
| Financial debts | 170/4 | €68,151 | €58,751 | -€9,400 | -13.8% |
| Amounts payable within one year | 42/48 | €454,530 | €607,294 | +€152,763 | +33.6% |
| Current portion of amounts payable after more than one year | 42 | €9,400 | €9,400 | = | 0.0% |
| Trade debts | 44 | €10,908 | €7,808 | -€3,100 | -28.4% |
| Suppliers | 440/4 | €10,908 | €7,808 | -€3,100 | -28.4% |
| Taxes, remuneration and social security | 45 | €5,153 | €18,538 | +€13,385 | +259.7% |
| Taxes | 450/3 | €5,153 | €18,538 | +€13,385 | +259.7% |
| Other amounts payable | 47/48 | €429,069 | €571,547 | +€142,479 | +33.2% |
| Accrued charges and deferred income | 492/3 | €17,766 | €17,593 | -€173 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,961 | €36,731 | +€1,770 | +5.1% |
| Other operating charges | 640/8 | €2,493 | €2,519 | +€27 | +1.1% |
| Gross operating margin | 9900 | €83,454 | €112,661 | +€29,208 | +35.0% |
| Operating profit (loss) | 9901 | €46,000 | €73,412 | +€27,412 | +59.6% |
| Financial charges | 65/66B | €20,932 | €20,366 | -€566 | -2.7% |
| Recurring financial charges | 65 | €20,932 | €20,366 | -€566 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €25,068 | €53,046 | +€27,977 | +111.6% |
| Income taxes | 67/77 | -€5,121 | €12,819 | +€17,939 | |
| Profit (loss) for the period | 9904 | €30,189 | €40,227 | +€10,038 | +33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €30,189 | €40,227 | +€10,038 | +33.3% |
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 8 October 2026 via checked.be.