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global royal services: what changed

What changed

global royal services

BE 0784.215.603
NACE 79.120, Travel agency, tour operator and other reservation service and related activities
filed annual accounts (NBB)
Financial years compared with
Net result for the year
€4,390
2024 · €64,430-€60,039
Equity
€63,329
2024 · €108,025-€44,696
Cash
€9,961
2024 · €15,569-€5,608
Balance sheet total
€94,570
2024 · €129,366-€34,796

Largest movements

2024 to 2025
Assets
  • 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)

Equity and liabilities
  • 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

Income statement
  • 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

effect on the result

For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.

Result 2024 €64,430
Gross operating margin -€42,997
Staff costs -€15,840
Depreciation -€1,202
Result 2025 €4,390
lowers the result

Derived cash bridge

cash 2024 to 2025

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.

From operations +€43,918
Investment -€440
Financing -€49,086
Cash 2024 €15,569
Net result for the year +€4,390
Depreciation +€1,202
Receivables within one year +€28,426
Trade debts +€12,218
Tax, wage and social debts +€12,683
Other debts -€15,000
Investment in fixed assets (net) -€440
Contributions, distributions and other -€49,086
Cash 2025 €9,961
brings cash intakes cash out
Every line side by side 32 lines
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%
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.