BIRMINGHAM PALACE: 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.
BIRMINGHAM PALACE
Largest movements
- Receivables within one year -€231,327
down €231,327 (-34.8%), from €664,504 to €433,177
of which Trade receivables: -€245,025
- Tax, wage and social debts -€157,890
down €157,890 (-78.7%), from €200,748 to €42,858
of which Taxes: -€157,890
- Other debts -€136,427
down €136,427 (-78.0%), from €174,867 to €38,440
- Trade debts +€37,931
up €37,931 (+191%), from €19,819 to €57,750
- Gross operating margin -€44,307
down €44,307 (-51.7%), from €85,709 to €41,402
- Taxes -€11,853
down €11,853 (-48.1%), from €24,663 to €12,810
- Depreciation +€5,039
up €5,039 (+51.5%), from €9,788 to €14,827
- Staff costs +€1,661
up €1,661, from -€1,377 to €284
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,893,754 | €2,664,962 | -€228,792 | -7.9% |
| Fixed assets | 21/28 | €1,391,491 | €1,388,814 | -€2,677 | -0.2% |
| Tangible fixed assets | 22/27 | €87,891 | €85,214 | -€2,677 | -3.0% |
| Plant, machinery and equipment | 23 | €77,943 | €79,296 | +€1,353 | +1.7% |
| Furniture and vehicles | 24 | €9,948 | €5,918 | -€4,030 | -40.5% |
| Financial fixed assets | 28 | €1,303,600 | €1,303,600 | = | 0.0% |
| Current assets | 29/58 | €1,502,263 | €1,276,148 | -€226,115 | -15.1% |
| Amounts receivable after more than one year | 29 | €826,200 | €842,400 | +€16,200 | +2.0% |
| Other amounts receivable | 291 | €826,200 | €842,400 | +€16,200 | +2.0% |
| Amounts receivable within one year | 40/41 | €664,504 | €433,177 | -€231,327 | -34.8% |
| Trade receivables | 40 | €289,053 | €44,028 | -€245,025 | -84.8% |
| Other amounts receivable | 41 | €375,451 | €389,149 | +€13,698 | +3.6% |
| Cash at bank and in hand | 54/58 | €11,497 | €571 | -€10,926 | -95.0% |
| Deferred charges and accrued income | 490/1 | €62 | - | -€62 | |
| Total equity and liabilities | 10/49 | €2,893,754 | €2,664,962 | -€228,792 | -7.9% |
| Equity | 10/15 | €2,498,320 | €2,525,914 | +€27,594 | +1.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,549,482 | €1,549,482 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,547,622 | €1,547,622 | = | 0.0% |
| Profit (loss) carried forward | 14 | €930,238 | €957,832 | +€27,594 | +3.0% |
| Amounts payable | 17/49 | €395,434 | €139,048 | -€256,386 | -64.8% |
| Amounts payable within one year | 42/48 | €395,434 | €139,048 | -€256,386 | -64.8% |
| Trade debts | 44 | €19,819 | €57,750 | +€37,931 | +191% |
| Suppliers | 440/4 | €19,819 | €57,750 | +€37,931 | +191% |
| Taxes, remuneration and social security | 45 | €200,748 | €42,858 | -€157,890 | -78.7% |
| Taxes | 450/3 | €198,532 | €40,642 | -€157,890 | -79.5% |
| Remuneration and social security | 454/9 | €2,216 | €2,216 | -€0 | 0.0% |
| Other amounts payable | 47/48 | €174,867 | €38,440 | -€136,427 | -78.0% |
| Remuneration, social security and pensions | 62 | -€1,377 | €284 | +€1,661 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,788 | €14,827 | +€5,039 | +51.5% |
| Other operating charges | 640/8 | €987 | €1,718 | +€731 | +74.1% |
| Gross operating margin | 9900 | €85,709 | €41,402 | -€44,307 | -51.7% |
| Operating profit (loss) | 9901 | €76,311 | €24,573 | -€51,738 | -67.8% |
| Financial income | 75/76B | €16,200 | €16,200 | = | 0.0% |
| Recurring financial income | 75 | €16,200 | €16,200 | = | 0.0% |
| Financial charges | 65/66B | €275 | €369 | +€94 | +34.3% |
| Recurring financial charges | 65 | €275 | €369 | +€94 | +34.3% |
| Profit (loss) for the period before taxes | 9903 | €92,236 | €40,404 | -€51,832 | -56.2% |
| Income taxes | 67/77 | €24,663 | €12,810 | -€11,853 | -48.1% |
| Profit (loss) for the period | 9904 | €67,573 | €27,594 | -€39,979 | -59.2% |
| Profit (loss) for the period to be appropriated | 9905 | €67,573 | €27,594 | -€39,979 | -59.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.