RUNNING MAN: 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.
RUNNING MAN
Largest movements
- Receivables within one year -€22,225
down €22,225 (-34.4%), from €64,605 to €42,380
of which Trade receivables: -€19,869
- Cash -€17,076
down €17,076 (-15.0%), from €113,898 to €96,822
mainly Contributions, distributions and other (-€151,006) and Trade debts (-€19,156)
- Tangible fixed assets -€14,420
down €14,420 (-41.1%), from €35,124 to €20,703
of which Furniture and vehicles: -€13,713
- Deferred charges and accrued income +€2,470
up €2,470 (+155.6%), from €1,587 to €4,058
- Reserves -€60,000
down €60,000 (-58.1%), from €103,352 to €43,352
- Other debts +€41,481
up €41,481 (+83.8%), from €49,525 to €91,006
- Trade debts -€19,156
down €19,156 (-98.6%), from €19,429 to €273
- Debts after one year -€9,414
down €9,414 (-70.2%), from €13,418 to €4,004
- Tax, wage and social debts -€4,422
down €4,422 (-24.2%), from €18,275 to €13,853
of which Taxes: -€7,192
- Gross operating margin +€22,452
up €22,452 (+20.8%), from €107,727 to €130,179
- Taxes +€9,837
up €9,837 (+68.4%), from €14,374 to €24,211
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €215,213 | €163,962 | -€51,251 | -23.8% |
| Fixed assets | 21/28 | €35,124 | €20,703 | -€14,420 | -41.1% |
| Tangible fixed assets | 22/27 | €35,124 | €20,703 | -€14,420 | -41.1% |
| Plant, machinery and equipment | 23 | €1,363 | €750 | -€613 | -45.0% |
| Furniture and vehicles | 24 | €33,667 | €19,953 | -€13,713 | -40.7% |
| Other tangible fixed assets | 26 | €95 | €0 | -€95 | -100.0% |
| Current assets | 29/58 | €180,090 | €143,259 | -€36,830 | -20.5% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €64,605 | €42,380 | -€22,225 | -34.4% |
| Trade receivables | 40 | €61,268 | €41,400 | -€19,869 | -32.4% |
| Other amounts receivable | 41 | €3,336 | €980 | -€2,356 | -70.6% |
| Cash at bank and in hand | 54/58 | €113,898 | €96,822 | -€17,076 | -15.0% |
| Deferred charges and accrued income | 490/1 | €1,587 | €4,058 | +€2,470 | +155.6% |
| Total equity and liabilities | 10/49 | €215,213 | €163,962 | -€51,251 | -23.8% |
| Equity | 10/15 | €104,352 | €44,352 | -€60,000 | -57.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €103,352 | €43,352 | -€60,000 | -58.1% |
| Distributable reserves | 133 | €103,352 | €43,352 | -€60,000 | -58.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €110,862 | €119,611 | +€8,749 | +7.9% |
| Amounts payable after more than one year | 17 | €13,418 | €4,004 | -€9,414 | -70.2% |
| Financial debts | 170/4 | €13,418 | €4,004 | -€9,414 | -70.2% |
| Amounts payable within one year | 42/48 | €97,443 | €115,607 | +€18,164 | +18.6% |
| Current portion of amounts payable after more than one year | 42 | €10,214 | €10,475 | +€261 | +2.6% |
| Trade debts | 44 | €19,429 | €273 | -€19,156 | -98.6% |
| Suppliers | 440/4 | €19,429 | €273 | -€19,156 | -98.6% |
| Taxes, remuneration and social security | 45 | €18,275 | €13,853 | -€4,422 | -24.2% |
| Taxes | 450/3 | €18,275 | €11,083 | -€7,192 | -39.4% |
| Remuneration and social security | 454/9 | - | €2,770 | +€2,770 | |
| Other amounts payable | 47/48 | €49,525 | €91,006 | +€41,481 | +83.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,910 | €14,420 | -€489 | -3.3% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €107,727 | €130,179 | +€22,452 | +20.8% |
| Operating profit (loss) | 9901 | €92,700 | €115,639 | +€22,939 | +24.7% |
| Financial income | 75/76B | €123 | €766 | +€643 | +523.1% |
| Recurring financial income | 75 | €123 | €766 | +€643 | +523.1% |
| Financial charges | 65/66B | €2,415 | €1,188 | -€1,227 | -50.8% |
| Recurring financial charges | 65 | €2,415 | €1,188 | -€1,227 | -50.8% |
| Profit (loss) for the period before taxes | 9903 | €90,408 | €115,217 | +€24,809 | +27.4% |
| Income taxes | 67/77 | €14,374 | €24,211 | +€9,837 | +68.4% |
| Profit (loss) for the period | 9904 | €76,034 | €91,006 | +€14,972 | +19.7% |
| Profit (loss) for the period to be appropriated | 9905 | €76,034 | €91,006 | +€14,972 | +19.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.