RUNOCA: 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.
What changed
RUNOCA
NACE 70.100, Activities of head offices
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€70,028
2024 · €70,260-€232
Equity
€1.4m
2024 · €1.4m+€70,028
Cash
€11,864
2024 · €8,313+€3,551
Balance sheet total
€1.6m
2024 · €1.6m+€17,269
Largest movements
Assets
- Receivables within one year +€19,360
up €19,360 (+28.0%), from €69,172 to €88,532
of which Trade receivables: +€19,360
Equity and liabilities
- Reserves +€70,028
up €70,028 (+5.2%), from €1.4m to €1.4m
of which Distributable reserves: +€70,028
- Debts after one year -€53,771
down €53,771 (-31.6%), from €169,977 to €116,206
Income statement
- Financial charges -€1,121
down €1,121 (-33.0%), from €3,397 to €2,276
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.
Result 2024
€70,260
Gross operating margin
-€538
Other operating charges
-€662
Financial income
-€135
Financial charges
+€1,121
Taxes
-€17
Result 2025
€70,028
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.
From operations
+€48,496
Investment
€0
Financing
-€44,945
Cash 2024
€8,313
From operations (derived)
+€48,496
Net result for the year
+€70,028
Depreciation
+€6,440
Receivables within one year
-€19,360
Deferred charges and accrued income
-€798
Trade debts
+€3,523
Tax, wage and social debts
-€13,360
Other debts
+€2,024
Financing
-€44,945
Debts after one year
-€53,771
Current portion of long-term debt
+€8,826
Cash 2025
€11,864
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,605,946 | €1,623,216 | +€17,269 | +1.1% |
| Fixed assets | 21/28 | €1,528,462 | €1,522,022 | -€6,440 | -0.4% |
| Tangible fixed assets | 22/27 | €109,480 | €103,040 | -€6,440 | -5.9% |
| Land and buildings | 22 | €109,480 | €103,040 | -€6,440 | -5.9% |
| Financial fixed assets | 28 | €1,418,982 | €1,418,982 | = | 0.0% |
| Current assets | 29/58 | €77,485 | €101,194 | +€23,709 | +30.6% |
| Amounts receivable within one year | 40/41 | €69,172 | €88,532 | +€19,360 | +28.0% |
| Trade receivables | 40 | €59,472 | €78,832 | +€19,360 | +32.6% |
| Other amounts receivable | 41 | €9,700 | €9,700 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €8,313 | €11,864 | +€3,551 | +42.7% |
| Deferred charges and accrued income | 490/1 | - | €798 | +€798 | |
| Total equity and liabilities | 10/49 | €1,605,946 | €1,623,216 | +€17,269 | +1.1% |
| Equity | 10/15 | €1,376,318 | €1,446,346 | +€70,028 | +5.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,357,718 | €1,427,746 | +€70,028 | +5.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,355,858 | €1,425,886 | +€70,028 | +5.2% |
| Amounts payable | 17/49 | €229,629 | €176,870 | -€52,759 | -23.0% |
| Amounts payable after more than one year | 17 | €169,977 | €116,206 | -€53,771 | -31.6% |
| Financial debts | 170/4 | €169,977 | €116,206 | -€53,771 | -31.6% |
| Amounts payable within one year | 42/48 | €59,652 | €60,664 | +€1,012 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | - | €8,826 | +€8,826 | |
| Trade debts | 44 | €1,229 | €4,752 | +€3,523 | +286.5% |
| Suppliers | 440/4 | €1,229 | €4,752 | +€3,523 | +286.5% |
| Taxes, remuneration and social security | 45 | €54,777 | €41,416 | -€13,360 | -24.4% |
| Taxes | 450/3 | €16,777 | €17,416 | +€640 | +3.8% |
| Remuneration and social security | 454/9 | €38,000 | €24,000 | -€14,000 | -36.8% |
| Other amounts payable | 47/48 | €3,645 | €5,669 | +€2,024 | +55.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,440 | €6,440 | = | 0.0% |
| Other operating charges | 640/8 | €1,554 | €2,216 | +€662 | +42.6% |
| Gross operating margin | 9900 | €108,102 | €107,564 | -€538 | -0.5% |
| Operating profit (loss) | 9901 | €100,108 | €98,908 | -€1,200 | -1.2% |
| Financial income | 75/76B | €135 | - | -€135 | |
| Recurring financial income | 75 | €135 | - | -€135 | |
| Financial charges | 65/66B | €3,397 | €2,276 | -€1,121 | -33.0% |
| Recurring financial charges | 65 | €3,397 | €2,276 | -€1,121 | -33.0% |
| Profit (loss) for the period before taxes | 9903 | €96,846 | €96,632 | -€215 | -0.2% |
| Income taxes | 67/77 | €26,586 | €26,603 | +€17 | +0.1% |
| Profit (loss) for the period | 9904 | €70,260 | €70,028 | -€232 | -0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €70,260 | €70,028 | -€232 | -0.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.