Buckingham 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.
Buckingham Palace
Largest movements
- Tangible fixed assets -€4,964
down €4,964 (-24.2%), from €20,550 to €15,586
- Cash -€798
down €798 (-74.6%), from €1,069 to €271
mainly Net result for the year (-€11,074)
- Profit (loss) carried forward -€11,074
down €11,074 (-4.5%), from -€245,160 to -€256,234
- Other debts +€5,009
up €5,009 (+1.9%), from €266,407 to €271,416
- Staff costs +€3,198
new in 2025: €3,198
- Gross operating margin +€2,405
up €2,405 (+58.6%), from -€4,107 to -€1,702
- Depreciation +€691
up €691 (+16.2%), from €4,273 to €4,964
- Financial charges -€248
down €248 (-30.9%), from €802 to €554
- Financial income +€196
new in 2025: €196
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 | €28,281 | €22,261 | -€6,020 | -21.3% |
| Fixed assets | 21/28 | €20,685 | €15,721 | -€4,964 | -24.0% |
| Tangible fixed assets | 22/27 | €20,550 | €15,586 | -€4,964 | -24.2% |
| Furniture and vehicles | 24 | €20,550 | €15,586 | -€4,964 | -24.2% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €7,596 | €6,540 | -€1,056 | -13.9% |
| Amounts receivable within one year | 40/41 | €6,527 | €6,269 | -€258 | -4.0% |
| Other amounts receivable | 41 | €6,527 | €6,269 | -€258 | -4.0% |
| Cash at bank and in hand | 54/58 | €1,069 | €271 | -€798 | -74.6% |
| Total equity and liabilities | 10/49 | €28,281 | €22,261 | -€6,020 | -21.3% |
| Equity | 10/15 | -€238,960 | -€250,034 | -€11,074 | -4.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€245,160 | -€256,234 | -€11,074 | -4.5% |
| Amounts payable | 17/49 | €267,241 | €272,295 | +€5,054 | +1.9% |
| Amounts payable within one year | 42/48 | €267,241 | €272,295 | +€5,054 | +1.9% |
| Trade debts | 44 | €834 | €879 | +€45 | +5.4% |
| Suppliers | 440/4 | €834 | €879 | +€45 | +5.4% |
| Other amounts payable | 47/48 | €266,407 | €271,416 | +€5,009 | +1.9% |
| Remuneration, social security and pensions | 62 | - | €3,198 | +€3,198 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,273 | €4,964 | +€691 | +16.2% |
| Other operating charges | 640/8 | €803 | €852 | +€49 | +6.1% |
| Gross operating margin | 9900 | -€4,107 | -€1,702 | +€2,405 | +58.6% |
| Operating profit (loss) | 9901 | -€9,183 | -€10,716 | -€1,533 | -16.7% |
| Financial income | 75/76B | - | €196 | +€196 | |
| Recurring financial income | 75 | - | €196 | +€196 | |
| Financial charges | 65/66B | €802 | €554 | -€248 | -30.9% |
| Recurring financial charges | 65 | €802 | €554 | -€248 | -30.9% |
| Profit (loss) for the period before taxes | 9903 | -€9,985 | -€11,074 | -€1,089 | -10.9% |
| Profit (loss) for the period | 9904 | -€9,985 | -€11,074 | -€1,089 | -10.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,985 | -€11,074 | -€1,089 | -10.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.