RUNICA: 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.
RUNICA
Largest movements
- Receivables within one year +€23,529
up €23,529 (+76.5%), from €30,770 to €54,299
of which Trade receivables: +€17,687
- Cash -€18,968
down €18,968 (-55.7%), from €34,082 to €15,115
mainly Receivables within one year (-€23,529) and Investment in fixed assets (net) (-€16,651)
- Tangible fixed assets +€10,084
up €10,084 (+80.1%), from €12,587 to €22,672
of which Plant, machinery and equipment: +€7,317
- Stocks and contracts -€3,936
no longer reported in 2025 (was €3,936)
- Deferred charges and accrued income +€2,780
up €2,780 (+422.8%), from €658 to €3,438
- Other debts -€16,240
down €16,240 (-71.7%), from €22,642 to €6,403
- Profit (loss) carried forward +€16,095
up €16,095 (+67.4%), from €23,884 to €39,979
- Trade debts +€6,648
up €6,648 (+41.7%), from €15,946 to €22,594
- Tax, wage and social debts +€4,474
up €4,474 (+93.3%), from €4,796 to €9,270
- Current portion of long-term debt +€4,197
new in 2025: €4,197
- Gross operating margin +€7,086
up €7,086 (+28.9%), from €24,518 to €31,604
- Other operating charges +€3,134
up €3,134 (+809.0%), from €387 to €3,521
- Depreciation +€2,249
up €2,249 (+48.4%), from €4,648 to €6,896
- Taxes -€328
down €328 (-6.8%), from €4,796 to €4,468
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 | €83,070 | €96,231 | +€13,161 | +15.8% |
| Fixed assets | 21/28 | €13,625 | €23,380 | +€9,755 | +71.6% |
| Intangible fixed assets | 21 | €787 | €458 | -€330 | -41.9% |
| Tangible fixed assets | 22/27 | €12,587 | €22,672 | +€10,084 | +80.1% |
| Plant, machinery and equipment | 23 | - | €7,317 | +€7,317 | |
| Furniture and vehicles | 24 | - | €6,420 | +€6,420 | |
| Other tangible fixed assets | 26 | €12,587 | €8,935 | -€3,652 | -29.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €69,446 | €72,852 | +€3,406 | +4.9% |
| Stocks and contracts in progress | 3 | €3,936 | - | -€3,936 | |
| Stocks | 30/36 | €3,936 | - | -€3,936 | |
| Amounts receivable within one year | 40/41 | €30,770 | €54,299 | +€23,529 | +76.5% |
| Trade receivables | 40 | €29,109 | €46,796 | +€17,687 | +60.8% |
| Other amounts receivable | 41 | €1,660 | €7,503 | +€5,843 | +351.9% |
| Cash at bank and in hand | 54/58 | €34,082 | €15,115 | -€18,968 | -55.7% |
| Deferred charges and accrued income | 490/1 | €658 | €3,438 | +€2,780 | +422.8% |
| Total equity and liabilities | 10/49 | €83,070 | €96,231 | +€13,161 | +15.8% |
| Equity | 10/15 | €25,884 | €41,979 | +€16,095 | +62.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,884 | €39,979 | +€16,095 | +67.4% |
| Amounts payable | 17/49 | €57,186 | €54,253 | -€2,934 | -5.1% |
| Amounts payable within one year | 42/48 | €56,186 | €53,253 | -€2,934 | -5.2% |
| Current portion of amounts payable after more than one year | 42 | - | €4,197 | +€4,197 | |
| Trade debts | 44 | €15,946 | €22,594 | +€6,648 | +41.7% |
| Suppliers | 440/4 | €15,946 | €22,594 | +€6,648 | +41.7% |
| Advances received on contracts in progress | 46 | €12,802 | €10,790 | -€2,013 | -15.7% |
| Taxes, remuneration and social security | 45 | €4,796 | €9,270 | +€4,474 | +93.3% |
| Taxes | 450/3 | €4,796 | €9,270 | +€4,474 | +93.3% |
| Other amounts payable | 47/48 | €22,642 | €6,403 | -€16,240 | -71.7% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,648 | €6,896 | +€2,249 | +48.4% |
| Other operating charges | 640/8 | €387 | €3,521 | +€3,134 | +809.0% |
| Gross operating margin | 9900 | €24,518 | €31,604 | +€7,086 | +28.9% |
| Operating profit (loss) | 9901 | €19,484 | €21,187 | +€1,704 | +8.7% |
| Financial income | 75/76B | €65 | €12 | -€52 | -81.1% |
| Recurring financial income | 75 | €65 | €12 | -€52 | -81.1% |
| Financial charges | 65/66B | €365 | €636 | +€272 | +74.6% |
| Recurring financial charges | 65 | €365 | €636 | +€272 | +74.6% |
| Profit (loss) for the period before taxes | 9903 | €19,184 | €20,563 | +€1,379 | +7.2% |
| Income taxes | 67/77 | €4,796 | €4,468 | -€328 | -6.8% |
| Profit (loss) for the period | 9904 | €14,388 | €16,095 | +€1,707 | +11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,388 | €16,095 | +€1,707 | +11.9% |
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 9 October 2026 via checked.be.