BS ROYAL: 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.
BS ROYAL
Largest movements
- Receivables within one year +€12,954
up €12,954 (+238%), from €5,447 to €18,400
of which Trade receivables: +€13,205
- Cash -€774
down €774 (-29.6%), from €2,619 to €1,845
mainly Receivables within one year (-€12,954)
- Stocks and contracts -€743
down €743 (-12.1%), from €6,150 to €5,407
- Tangible fixed assets -€644
down €644 (-32.7%), from €1,969 to €1,325
- Trade debts +€7,243
up €7,243 (+59.1%), from €12,245 to €19,488
- Other debts +€1,940
new in 2025: €1,940
- Profit (loss) carried forward +€996
up €996 (+106%), from €940 to €1,936
- Tax, wage and social debts +€614
new in 2025: €614
- Gross operating margin +€851
up €851 (+54.9%), from €1,550 to €2,401
- Financial charges +€721
up €721 (+24,042%), from €3 to €724
- Other operating charges +€39
new in 2025: €39
- Depreciation +€37
up €37 (+6.1%), from €607 to €644
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 | €16,185 | €26,978 | +€10,793 | +66.7% |
| Fixed assets | 21/28 | €1,969 | €1,325 | -€644 | -32.7% |
| Tangible fixed assets | 22/27 | €1,969 | €1,325 | -€644 | -32.7% |
| Plant, machinery and equipment | 23 | €1,969 | €1,325 | -€644 | -32.7% |
| Current assets | 29/58 | €14,216 | €25,653 | +€11,437 | +80.4% |
| Stocks and contracts in progress | 3 | €6,150 | €5,407 | -€743 | -12.1% |
| Stocks | 30/36 | €6,150 | €5,407 | -€743 | -12.1% |
| Amounts receivable within one year | 40/41 | €5,447 | €18,400 | +€12,954 | +238% |
| Trade receivables | 40 | €5,196 | €18,400 | +€13,205 | +254% |
| Other amounts receivable | 41 | €251 | - | -€251 | |
| Cash at bank and in hand | 54/58 | €2,619 | €1,845 | -€774 | -29.6% |
| Total equity and liabilities | 10/49 | €16,185 | €26,978 | +€10,793 | +66.7% |
| Equity | 10/15 | €3,940 | €4,936 | +€996 | +25.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €940 | €1,936 | +€996 | +106% |
| Amounts payable | 17/49 | €12,245 | €22,042 | +€9,797 | +80.0% |
| Amounts payable within one year | 42/48 | €12,245 | €22,042 | +€9,797 | +80.0% |
| Trade debts | 44 | €12,245 | €19,488 | +€7,243 | +59.1% |
| Suppliers | 440/4 | €12,245 | €19,488 | +€7,243 | +59.1% |
| Taxes, remuneration and social security | 45 | - | €614 | +€614 | |
| Taxes | 450/3 | - | €614 | +€614 | |
| Other amounts payable | 47/48 | - | €1,940 | +€1,940 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €607 | €644 | +€37 | +6.1% |
| Other operating charges | 640/8 | - | €39 | +€39 | |
| Gross operating margin | 9900 | €1,550 | €2,401 | +€851 | +54.9% |
| Operating profit (loss) | 9901 | €943 | €1,718 | +€776 | +82.3% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €3 | €724 | +€721 | +24,042% |
| Recurring financial charges | 65 | €3 | €724 | +€721 | +24,042% |
| Profit (loss) for the period before taxes | 9903 | €940 | €996 | +€56 | +6.0% |
| Profit (loss) for the period | 9904 | €940 | €996 | +€56 | +6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €940 | €996 | +€56 | +6.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.