FEESTZAAL ROYAL 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.
FEESTZAAL ROYAL PALACE
Largest movements
- Tangible fixed assets +€283,996
up €283,996 (+434%), from €65,379 to €349,375
of which Land and buildings: +€282,000
- Deferred charges and accrued income +€108,621
up €108,621 (+426%), from €25,515 to €134,137
- Cash -€88,416
down €88,416 (-24.3%), from €363,551 to €275,135
mainly Investment in fixed assets (net) (-€300,600) and Deferred charges and accrued income (-€108,621)
- Receivables within one year +€50,885
up €50,885 (+70.9%), from €71,804 to €122,689
of which Trade receivables: +€44,999
- Trade debts +€321,603
up €321,603 (+895%), from €35,943 to €357,547
- Tax, wage and social debts +€54,490
up €54,490 (+50.0%), from €108,906 to €163,396
- Reserves +€50,000
up €50,000 (+24.6%), from €203,000 to €253,000
- Other debts -€35,680
down €35,680 (-37.9%), from €94,096 to €58,416
- Accrued charges and deferred income -€35,311
down €35,311 (-93.8%), from €37,648 to €2,337
- Taxes +€43,185
up €43,185 (+157%), from €27,461 to €70,646
- Gross operating margin +€12,645
up €12,645 (+9.1%), from €138,330 to €150,976
- Depreciation -€11,122
down €11,122 (-40.1%), from €27,726 to €16,604
- Other operating charges -€7,508
down €7,508 (-41.0%), from €18,291 to €10,782
- Financial charges +€2,750
up €2,750 (+269%), from €1,021 to €3,771
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 | €526,250 | €881,336 | +€355,086 | +67.5% |
| Fixed assets | 21/28 | €65,379 | €349,375 | +€283,996 | +434% |
| Tangible fixed assets | 22/27 | €65,379 | €349,375 | +€283,996 | +434% |
| Land and buildings | 22 | - | €282,000 | +€282,000 | |
| Plant, machinery and equipment | 23 | €1,990 | €1,199 | -€791 | -39.7% |
| Furniture and vehicles | 24 | €36,775 | €25,177 | -€11,598 | -31.5% |
| Other tangible fixed assets | 26 | €26,614 | €40,999 | +€14,385 | +54.1% |
| Current assets | 29/58 | €460,871 | €531,961 | +€71,090 | +15.4% |
| Amounts receivable within one year | 40/41 | €71,804 | €122,689 | +€50,885 | +70.9% |
| Trade receivables | 40 | €60,326 | €105,325 | +€44,999 | +74.6% |
| Other amounts receivable | 41 | €11,478 | €17,364 | +€5,886 | +51.3% |
| Cash at bank and in hand | 54/58 | €363,551 | €275,135 | -€88,416 | -24.3% |
| Deferred charges and accrued income | 490/1 | €25,515 | €134,137 | +€108,621 | +426% |
| Total equity and liabilities | 10/49 | €526,250 | €881,336 | +€355,086 | +67.5% |
| Equity | 10/15 | €221,957 | €271,940 | +€49,983 | +22.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €203,000 | €253,000 | +€50,000 | +24.6% |
| Distributable reserves | 133 | €203,000 | €253,000 | +€50,000 | +24.6% |
| Profit (loss) carried forward | 14 | €407 | €390 | -€17 | -4.1% |
| Amounts payable | 17/49 | €304,293 | €609,396 | +€305,103 | +100% |
| Amounts payable after more than one year | 17 | €25,000 | €25,000 | = | 0.0% |
| Financial debts | 170/4 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €241,645 | €582,058 | +€340,413 | +141% |
| Trade debts | 44 | €35,943 | €357,547 | +€321,603 | +895% |
| Suppliers | 440/4 | €35,943 | €357,547 | +€321,603 | +895% |
| Advances received on contracts in progress | 46 | €2,700 | €2,700 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €108,906 | €163,396 | +€54,490 | +50.0% |
| Taxes | 450/3 | €108,906 | €163,396 | +€54,490 | +50.0% |
| Other amounts payable | 47/48 | €94,096 | €58,416 | -€35,680 | -37.9% |
| Accrued charges and deferred income | 492/3 | €37,648 | €2,337 | -€35,311 | -93.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,726 | €16,604 | -€11,122 | -40.1% |
| Other operating charges | 640/8 | €18,291 | €10,782 | -€7,508 | -41.0% |
| Gross operating margin | 9900 | €138,330 | €150,976 | +€12,645 | +9.1% |
| Operating profit (loss) | 9901 | €92,313 | €123,589 | +€31,276 | +33.9% |
| Financial income | 75/76B | €320 | €812 | +€492 | +154% |
| Recurring financial income | 75 | €320 | €812 | +€492 | +154% |
| Financial charges | 65/66B | €1,021 | €3,771 | +€2,750 | +269% |
| Recurring financial charges | 65 | €1,021 | €3,771 | +€2,750 | +269% |
| Profit (loss) for the period before taxes | 9903 | €91,612 | €120,629 | +€29,017 | +31.7% |
| Income taxes | 67/77 | €27,461 | €70,646 | +€43,185 | +157% |
| Profit (loss) for the period | 9904 | €64,151 | €49,983 | -€14,168 | -22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €64,151 | €49,983 | -€14,168 | -22.1% |
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.