KS 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.
KS ROYAL
Largest movements
- Receivables within one year +€13,571
up €13,571 (+376%), from €3,609 to €17,180
of which Trade receivables: +€13,462
- Tangible fixed assets -€2,064
down €2,064 (-25.4%), from €8,115 to €6,051
of which Furniture and vehicles: -€1,370
- Deferred charges and accrued income -€1,983
down €1,983 (-60.8%), from €3,260 to €1,277
- Stocks and contracts -€1,037
down €1,037 (-3.2%), from €32,822 to €31,786
- Cash +€964
up €964 (+19.8%), from €4,869 to €5,833
mainly Other debts (+€12,080) and Depreciation (+€2,064)
- Other debts +€12,080
up €12,080 (+183%), from €6,590 to €18,671
- Advances received -€2,721
no longer reported in 2025 (was €2,721)
- Tax, wage and social debts -€859
down €859 (-23.1%), from €3,718 to €2,859
- Trade debts +€676
up €676 (+561%), from €120 to €797
- Gross operating margin -€1,250
down €1,250 (-16.2%), from €7,691 to €6,441
- Taxes -€880
down €880 (-39.0%), from €2,256 to €1,376
- Financial charges -€778
down €778 (-31.3%), from €2,481 to €1,703
- Other operating charges +€608
up €608 (+146%), from €416 to €1,024
- Depreciation +€229
up €229 (+12.5%), from €1,835 to €2,064
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 | €52,762 | €62,213 | +€9,451 | +17.9% |
| Fixed assets | 21/28 | €8,202 | €6,138 | -€2,064 | -25.2% |
| Tangible fixed assets | 22/27 | €8,115 | €6,051 | -€2,064 | -25.4% |
| Plant, machinery and equipment | 23 | €2,743 | €2,049 | -€694 | -25.3% |
| Furniture and vehicles | 24 | €4,371 | €3,002 | -€1,370 | -31.3% |
| Other tangible fixed assets | 26 | €1,000 | €1,000 | = | 0.0% |
| Financial fixed assets | 28 | €87 | €87 | = | 0.0% |
| Current assets | 29/58 | €44,560 | €56,075 | +€11,515 | +25.8% |
| Stocks and contracts in progress | 3 | €32,822 | €31,786 | -€1,037 | -3.2% |
| Stocks | 30/36 | €32,822 | €31,786 | -€1,037 | -3.2% |
| Amounts receivable within one year | 40/41 | €3,609 | €17,180 | +€13,571 | +376% |
| Trade receivables | 40 | €2,492 | €15,954 | +€13,462 | +540% |
| Other amounts receivable | 41 | €1,117 | €1,226 | +€109 | +9.7% |
| Cash at bank and in hand | 54/58 | €4,869 | €5,833 | +€964 | +19.8% |
| Deferred charges and accrued income | 490/1 | €3,260 | €1,277 | -€1,983 | -60.8% |
| Total equity and liabilities | 10/49 | €52,762 | €62,213 | +€9,451 | +17.9% |
| Equity | 10/15 | €39,612 | €39,886 | +€274 | +0.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,152 | €19,426 | +€274 | +1.4% |
| Amounts payable | 17/49 | €13,150 | €22,327 | +€9,177 | +69.8% |
| Amounts payable within one year | 42/48 | €13,150 | €22,327 | +€9,177 | +69.8% |
| Trade debts | 44 | €120 | €797 | +€676 | +561% |
| Suppliers | 440/4 | €120 | €797 | +€676 | +561% |
| Advances received on contracts in progress | 46 | €2,721 | - | -€2,721 | |
| Taxes, remuneration and social security | 45 | €3,718 | €2,859 | -€859 | -23.1% |
| Taxes | 450/3 | €3,718 | €2,859 | -€859 | -23.1% |
| Other amounts payable | 47/48 | €6,590 | €18,671 | +€12,080 | +183% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,835 | €2,064 | +€229 | +12.5% |
| Other operating charges | 640/8 | €416 | €1,024 | +€608 | +146% |
| Gross operating margin | 9900 | €7,691 | €6,441 | -€1,250 | -16.2% |
| Operating profit (loss) | 9901 | €5,439 | €3,353 | -€2,086 | -38.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,481 | €1,703 | -€778 | -31.3% |
| Recurring financial charges | 65 | €2,481 | €1,703 | -€778 | -31.3% |
| Profit (loss) for the period before taxes | 9903 | €2,959 | €1,650 | -€1,309 | -44.2% |
| Income taxes | 67/77 | €2,256 | €1,376 | -€880 | -39.0% |
| Profit (loss) for the period | 9904 | €703 | €274 | -€429 | -61.0% |
| Profit (loss) for the period to be appropriated | 9905 | €703 | €274 | -€429 | -61.0% |
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.