KOI 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.
KOI ROYAL
Largest movements
- Receivables within one year +€153,257
up €153,257 (+294%), from €52,201 to €205,458
of which Trade receivables: +€159,578
- Cash +€78,466
up €78,466 (+983%), from €7,979 to €86,445
mainly Net result for the year (+€213,686) and Tax, wage and social debts (+€44,794)
- Tangible fixed assets -€37,017
down €37,017 (-6.8%), from €544,180 to €507,163
of which Plant, machinery and equipment: -€23,762
- Receivables after one year -€19,800
down €19,800 (-100%), from €19,800 to €0
- Reserves +€213,686
up €213,686 (+35.0%), from €609,663 to €823,349
of which Distributable reserves: +€152,396
- Debts after one year -€52,757
down €52,757 (-17.8%), from €296,393 to €243,636
- Tax, wage and social debts +€44,794
up €44,794 (+571%), from €7,842 to €52,636
- Current portion of long-term debt -€31,702
down €31,702 (-37.5%), from €84,458 to €52,757
- Other debts -€22,837
down €22,837 (-41.6%), from €54,869 to €32,032
- Gross operating margin +€144,665
up €144,665 (+67.2%), from €215,286 to €359,951
- Taxes +€72,872
up €72,872 (+283%), from €25,791 to €98,663
- Depreciation -€42,148
down €42,148 (-57.7%), from €73,061 to €30,914
- Other operating charges -€22,167
down €22,167 (-85.2%), from €26,022 to €3,855
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 | €1,071,532 | €1,252,561 | +€181,029 | +16.9% |
| Fixed assets | 21/28 | €963,644 | €926,627 | -€37,017 | -3.8% |
| Tangible fixed assets | 22/27 | €544,180 | €507,163 | -€37,017 | -6.8% |
| Land and buildings | 22 | €416,667 | €415,638 | -€1,029 | -0.2% |
| Plant, machinery and equipment | 23 | €94,737 | €70,975 | -€23,762 | -25.1% |
| Furniture and vehicles | 24 | €32,776 | €20,550 | -€12,226 | -37.3% |
| Financial fixed assets | 28 | €419,464 | €419,464 | = | 0.0% |
| Current assets | 29/58 | €107,889 | €325,935 | +€218,046 | +202% |
| Amounts receivable after more than one year | 29 | €19,800 | €0 | -€19,800 | -100% |
| Trade receivables | 290 | €19,800 | €0 | -€19,800 | -100% |
| Amounts receivable within one year | 40/41 | €52,201 | €205,458 | +€153,257 | +294% |
| Trade receivables | 40 | €18,435 | €178,014 | +€159,578 | +866% |
| Other amounts receivable | 41 | €33,765 | €27,444 | -€6,321 | -18.7% |
| Cash at bank and in hand | 54/58 | €7,979 | €86,445 | +€78,466 | +983% |
| Deferred charges and accrued income | 490/1 | €27,909 | €34,032 | +€6,123 | +21.9% |
| Total equity and liabilities | 10/49 | €1,071,532 | €1,252,561 | +€181,029 | +16.9% |
| Equity | 10/15 | €622,063 | €835,749 | +€213,686 | +34.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €609,663 | €823,349 | +€213,686 | +35.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Tax-exempt reserves | 132 | €294,700 | €357,850 | +€63,150 | +21.4% |
| Distributable reserves | 133 | €313,103 | €465,499 | +€152,396 | +48.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €449,469 | €416,812 | -€32,657 | -7.3% |
| Amounts payable after more than one year | 17 | €296,393 | €243,636 | -€52,757 | -17.8% |
| Financial debts | 170/4 | €296,393 | €243,636 | -€52,757 | -17.8% |
| Amounts payable within one year | 42/48 | €153,077 | €172,457 | +€19,380 | +12.7% |
| Current portion of amounts payable after more than one year | 42 | €84,458 | €52,757 | -€31,702 | -37.5% |
| Financial debts | 43 | - | €10,115 | +€10,115 | |
| Credit institutions | 430/8 | - | €10,115 | +€10,115 | |
| Trade debts | 44 | €5,907 | €24,917 | +€19,010 | +322% |
| Suppliers | 440/4 | €5,907 | €24,917 | +€19,010 | +322% |
| Taxes, remuneration and social security | 45 | €7,842 | €52,636 | +€44,794 | +571% |
| Taxes | 450/3 | €7,842 | €52,636 | +€44,794 | +571% |
| Other amounts payable | 47/48 | €54,869 | €32,032 | -€22,837 | -41.6% |
| Accrued charges and deferred income | 492/3 | €0 | €720 | +€720 | |
| Non-recurring operating income | 76A | - | €4,168 | +€4,168 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,061 | €30,914 | -€42,148 | -57.7% |
| Other operating charges | 640/8 | €26,022 | €3,855 | -€22,167 | -85.2% |
| Gross operating margin | 9900 | €215,286 | €359,951 | +€144,665 | +67.2% |
| Operating profit (loss) | 9901 | €116,203 | €325,182 | +€208,980 | +180% |
| Financial income | 75/76B | €1,416 | €3,860 | +€2,445 | +173% |
| Recurring financial income | 75 | €1,416 | €3,860 | +€2,445 | +173% |
| Financial charges | 65/66B | €17,254 | €16,694 | -€560 | -3.2% |
| Recurring financial charges | 65 | €17,254 | €16,694 | -€560 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €100,365 | €312,349 | +€211,984 | +211% |
| Income taxes | 67/77 | €25,791 | €98,663 | +€72,872 | +283% |
| Profit (loss) for the period | 9904 | €74,574 | €213,686 | +€139,112 | +187% |
| Transfer to tax-exempt reserves | 689 | €126,300 | €63,150 | -€63,150 | -50.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€51,726 | €150,536 | +€202,262 |
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 20 October 2026 via checked.be.