global royal services: what changed
global royal services
Largest movements
- Receivables within one year -€28,426
down €28,426 (-26.6%), from €106,687 to €78,262
of which Other amounts receivable: -€61,798
- Cash -€5,608
down €5,608 (-36.0%), from €15,569 to €9,961
mainly Contributions, distributions and other (-€49,086) and Other debts (-€15,000)
- Profit (loss) carried forward -€44,696
down €44,696 (-53.8%), from €83,025 to €38,329
- Other debts -€15,000
no longer reported in 2025 (was €15,000)
- Tax, wage and social debts +€12,683
up €12,683 (+8,139%), from €156 to €12,838
of which Remuneration and social security: +€12,000
- Trade debts +€12,218
up €12,218 (+198%), from €6,185 to €18,403
- Gross operating margin -€42,997
down €42,997 (-66.7%), from €64,430 to €21,432
- Staff costs +€15,840
new in 2025: €15,840
- Depreciation +€1,202
new in 2025: €1,202
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €129,366 | €94,570 | -€34,796 | -26.9% |
| Fixed assets | 21/28 | €7,110 | €6,348 | -€762 | -10.7% |
| Tangible fixed assets | 22/27 | €4,010 | €3,248 | -€762 | -19.0% |
| Plant, machinery and equipment | 23 | - | €954 | +€954 | |
| Furniture and vehicles | 24 | €4,010 | €2,293 | -€1,716 | -42.8% |
| Financial fixed assets | 28 | €3,100 | €3,100 | = | 0.0% |
| Current assets | 29/58 | €122,256 | €88,222 | -€34,034 | -27.8% |
| Amounts receivable within one year | 40/41 | €106,687 | €78,262 | -€28,426 | -26.6% |
| Trade receivables | 40 | €26,637 | €60,009 | +€33,372 | +125% |
| Other amounts receivable | 41 | €80,050 | €18,252 | -€61,798 | -77.2% |
| Cash at bank and in hand | 54/58 | €15,569 | €9,961 | -€5,608 | -36.0% |
| Total equity and liabilities | 10/49 | €129,366 | €94,570 | -€34,796 | -26.9% |
| Equity | 10/15 | €108,025 | €63,329 | -€44,696 | -41.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Contributions outside capital | 11 | - | €25,000 | +€25,000 | |
| Other | 1109/19 | - | €25,000 | +€25,000 | |
| Profit (loss) carried forward | 14 | €83,025 | €38,329 | -€44,696 | -53.8% |
| Amounts payable | 17/49 | €21,341 | €31,241 | +€9,900 | +46.4% |
| Amounts payable within one year | 42/48 | €21,341 | €31,241 | +€9,900 | +46.4% |
| Trade debts | 44 | €6,185 | €18,403 | +€12,218 | +198% |
| Suppliers | 440/4 | €6,185 | €18,403 | +€12,218 | +198% |
| Taxes, remuneration and social security | 45 | €156 | €12,838 | +€12,683 | +8,139% |
| Taxes | 450/3 | €156 | €838 | +€683 | +438% |
| Remuneration and social security | 454/9 | - | €12,000 | +€12,000 | |
| Other amounts payable | 47/48 | €15,000 | - | -€15,000 | |
| Remuneration, social security and pensions | 62 | - | €15,840 | +€15,840 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,202 | +€1,202 | |
| Gross operating margin | 9900 | €64,430 | €21,432 | -€42,997 | -66.7% |
| Operating profit (loss) | 9901 | €64,430 | €4,390 | -€60,039 | -93.2% |
| Profit (loss) for the period before taxes | 9903 | €64,430 | €4,390 | -€60,039 | -93.2% |
| Profit (loss) for the period | 9904 | €64,430 | €4,390 | -€60,039 | -93.2% |
| Profit (loss) for the period to be appropriated | 9905 | €64,430 | €4,390 | -€60,039 | -93.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.