RUNO: 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.
RUNO
Largest movements
- Tangible fixed assets +€35,439
up €35,439 (+120.0%), from €29,532 to €64,971
of which Furniture and vehicles: +€36,574
- Cash -€34,389
down €34,389 (-57.7%), from €59,602 to €25,213
mainly Contributions, distributions and other (-€44,000) and Investment in fixed assets (net) (-€42,484)
- Receivables within one year -€13,290
down €13,290 (-44.0%), from €30,216 to €16,926
of which Trade receivables: -€17,714
- Deferred charges and accrued income +€2,448
up €2,448 (+135.6%), from €1,805 to €4,253
- Debts after one year -€6,732
no longer reported in 2025 (was €6,732)
- Current portion of long-term debt -€4,312
down €4,312 (-39.0%), from €11,044 to €6,732
- Profit (loss) carried forward -€3,450
down €3,450 (-4.9%), from €70,628 to €67,179
- Tax, wage and social debts +€3,110
up €3,110 (+11.0%), from €28,297 to €31,407
of which Taxes: +€5,110
- Gross operating margin -€18,075
down €18,075 (-22.5%), from €80,468 to €62,393
- Taxes -€4,528
down €4,528 (-28.1%), from €16,104 to €11,576
- Depreciation -€2,721
down €2,721 (-27.9%), from €9,767 to €7,045
- Financial charges -€969
down €969 (-51.2%), from €1,894 to €924
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 | €121,156 | €111,363 | -€9,793 | -8.1% |
| Fixed assets | 21/28 | €29,532 | €64,971 | +€35,439 | +120.0% |
| Tangible fixed assets | 22/27 | €29,532 | €64,971 | +€35,439 | +120.0% |
| Plant, machinery and equipment | 23 | €19 | - | -€19 | |
| Furniture and vehicles | 24 | €24,009 | €60,582 | +€36,574 | +152.3% |
| Other tangible fixed assets | 26 | €5,505 | €4,388 | -€1,116 | -20.3% |
| Current assets | 29/58 | €91,623 | €46,392 | -€45,231 | -49.4% |
| Amounts receivable within one year | 40/41 | €30,216 | €16,926 | -€13,290 | -44.0% |
| Trade receivables | 40 | €30,203 | €12,488 | -€17,714 | -58.7% |
| Other amounts receivable | 41 | €14 | €4,438 | +€4,424 | +32412.5% |
| Cash at bank and in hand | 54/58 | €59,602 | €25,213 | -€34,389 | -57.7% |
| Deferred charges and accrued income | 490/1 | €1,805 | €4,253 | +€2,448 | +135.6% |
| Total equity and liabilities | 10/49 | €121,156 | €111,363 | -€9,793 | -8.1% |
| Equity | 10/15 | €71,628 | €68,179 | -€3,450 | -4.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,628 | €67,179 | -€3,450 | -4.9% |
| Amounts payable | 17/49 | €49,527 | €43,184 | -€6,343 | -12.8% |
| Amounts payable after more than one year | 17 | €6,732 | - | -€6,732 | |
| Financial debts | 170/4 | €6,732 | - | -€6,732 | |
| Amounts payable within one year | 42/48 | €42,796 | €43,184 | +€389 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €11,044 | €6,732 | -€4,312 | -39.0% |
| Trade debts | 44 | €1,517 | €2,304 | +€787 | +51.9% |
| Suppliers | 440/4 | €1,517 | €2,304 | +€787 | +51.9% |
| Taxes, remuneration and social security | 45 | €28,297 | €31,407 | +€3,110 | +11.0% |
| Taxes | 450/3 | €26,297 | €31,407 | +€5,110 | +19.4% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €1,938 | €2,742 | +€803 | +41.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,767 | €7,045 | -€2,721 | -27.9% |
| Other operating charges | 640/8 | €1,966 | €2,297 | +€332 | +16.9% |
| Gross operating margin | 9900 | €80,468 | €62,393 | -€18,075 | -22.5% |
| Operating profit (loss) | 9901 | €68,736 | €53,050 | -€15,686 | -22.8% |
| Financial charges | 65/66B | €1,894 | €924 | -€969 | -51.2% |
| Recurring financial charges | 65 | €1,894 | €924 | -€969 | -51.2% |
| Profit (loss) for the period before taxes | 9903 | €66,842 | €52,126 | -€14,716 | -22.0% |
| Income taxes | 67/77 | €16,104 | €11,576 | -€4,528 | -28.1% |
| Profit (loss) for the period | 9904 | €50,739 | €40,550 | -€10,188 | -20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €50,739 | €40,550 | -€10,188 | -20.1% |
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 4 October 2026 via checked.be.