RUNICO: 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.
RUNICO
Largest movements
- Receivables within one year -€591,291
down €591,291 (-59.5%), from €993,197 to €401,906
of which Other amounts receivable: -€498,551
- Stocks and contracts +€190,923
up €190,923 (+65.8%), from €290,014 to €480,937
- Cash +€138,838
up €138,838 (+50.0%), from €277,643 to €416,481
mainly Receivables within one year (+€591,291) and Net result for the year (+€553,946)
- Tangible fixed assets +€99,719
up €99,719 (+4.8%), from €2.1m to €2.2m
of which Other tangible fixed assets: +€193,575
- Trade debts -€244,719
down €244,719 (-20.2%), from €1.2m to €967,670
- Debts after one year -€136,343
down €136,343 (-11.1%), from €1.2m to €1.1m
- Tax, wage and social debts +€76,827
up €76,827 (+28.0%), from €274,578 to €351,406
of which Taxes: +€53,835
- Current portion of long-term debt +€55,558
up €55,558 (+68.8%), from €80,785 to €136,343
- Other debts +€51,175
up €51,175 (+10.5%), from €486,825 to €538,000
- Gross operating margin +€293,360
up €293,360 (+11.4%), from €2.6m to €2.9m
- Depreciation +€251,616
up €251,616 (+264%), from €95,329 to €346,945
- Staff costs +€159,235
up €159,235 (+10.0%), from €1.6m to €1.8m
- Financial charges +€40,774
up €40,774 (+201%), from €20,246 to €61,020
- Taxes +€38,366
up €38,366 (+24.9%), from €154,151 to €192,517
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 | €3,677,597 | €3,501,986 | -€175,611 | -4.8% |
| Fixed assets | 21/28 | €2,093,104 | €2,192,254 | +€99,149 | +4.7% |
| Intangible fixed assets | 21 | €1,003 | €683 | -€320 | -31.9% |
| Tangible fixed assets | 22/27 | €2,091,812 | €2,191,531 | +€99,719 | +4.8% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €1,368,535 | €1,273,624 | -€94,911 | -6.9% |
| Furniture and vehicles | 24 | €44,477 | €45,532 | +€1,055 | +2.4% |
| Other tangible fixed assets | 26 | €678,800 | €872,375 | +€193,575 | +28.5% |
| Financial fixed assets | 28 | €290 | €40 | -€250 | -86.2% |
| Current assets | 29/58 | €1,584,493 | €1,309,732 | -€274,761 | -17.3% |
| Stocks and contracts in progress | 3 | €290,014 | €480,937 | +€190,923 | +65.8% |
| Stocks | 30/36 | €290,014 | €480,937 | +€190,923 | +65.8% |
| Amounts receivable within one year | 40/41 | €993,197 | €401,906 | -€591,291 | -59.5% |
| Trade receivables | 40 | €173,755 | €81,015 | -€92,740 | -53.4% |
| Other amounts receivable | 41 | €819,442 | €320,891 | -€498,551 | -60.8% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €277,643 | €416,481 | +€138,838 | +50.0% |
| Deferred charges and accrued income | 490/1 | €23,638 | €10,408 | -€13,231 | -56.0% |
| Total equity and liabilities | 10/49 | €3,677,597 | €3,501,986 | -€175,611 | -4.8% |
| Equity | 10/15 | €396,221 | €412,167 | +€15,946 | +4.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €371,221 | €387,167 | +€15,946 | +4.3% |
| Distributable reserves | 133 | €371,221 | €387,167 | +€15,946 | +4.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €3,281,376 | €3,089,819 | -€191,558 | -5.8% |
| Amounts payable after more than one year | 17 | €1,226,799 | €1,090,455 | -€136,343 | -11.1% |
| Financial debts | 170/4 | €1,226,799 | €1,090,455 | -€136,343 | -11.1% |
| Amounts payable within one year | 42/48 | €2,054,578 | €1,993,419 | -€61,158 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €80,785 | €136,343 | +€55,558 | +68.8% |
| Trade debts | 44 | €1,212,389 | €967,670 | -€244,719 | -20.2% |
| Suppliers | 440/4 | €1,212,389 | €967,670 | -€244,719 | -20.2% |
| Taxes, remuneration and social security | 45 | €274,578 | €351,406 | +€76,827 | +28.0% |
| Taxes | 450/3 | €17,414 | €71,249 | +€53,835 | +309% |
| Remuneration and social security | 454/9 | €257,164 | €280,157 | +€22,992 | +8.9% |
| Other amounts payable | 47/48 | €486,825 | €538,000 | +€51,175 | +10.5% |
| Accrued charges and deferred income | 492/3 | - | €5,944 | +€5,944 | |
| Remuneration, social security and pensions | 62 | €1,593,732 | €1,752,967 | +€159,235 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,329 | €346,945 | +€251,616 | +264% |
| Other operating charges | 640/8 | €3,062 | €1,989 | -€1,073 | -35.0% |
| Gross operating margin | 9900 | €2,570,102 | €2,863,462 | +€293,360 | +11.4% |
| Operating profit (loss) | 9901 | €877,980 | €761,562 | -€116,418 | -13.3% |
| Financial income | 75/76B | €22,136 | €45,921 | +€23,786 | +107% |
| Recurring financial income | 75 | €22,136 | €45,921 | +€23,786 | +107% |
| Financial charges | 65/66B | €20,246 | €61,020 | +€40,774 | +201% |
| Recurring financial charges | 65 | €20,246 | €61,020 | +€40,774 | +201% |
| Profit (loss) for the period before taxes | 9903 | €879,870 | €746,463 | -€133,407 | -15.2% |
| Income taxes | 67/77 | €154,151 | €192,517 | +€38,366 | +24.9% |
| Profit (loss) for the period | 9904 | €725,719 | €553,946 | -€171,772 | -23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €725,719 | €553,946 | -€171,772 | -23.7% |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.