L'Ami du Roi: 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.
L'Ami du Roi
Largest movements
- Tangible fixed assets +€55,764
up €55,764 (+205%), from €27,207 to €82,972
of which Furniture and vehicles: +€59,178
- Cash -€45,057
down €45,057 (-50.0%), from €90,104 to €45,047
mainly Investment in fixed assets (net) (-€75,376) and Current investments (-€39,093)
- Current investments +€39,093
new in 2025: €39,093
- Intangible fixed assets -€18,760
down €18,760 (-13.7%), from €137,414 to €118,653
- Current portion of long-term debt +€16,711
up €16,711 (+76.4%), from €21,872 to €38,583
- Debts after one year +€14,469
up €14,469 (+16.5%), from €87,634 to €102,103
- Other debts +€14,274
up €14,274 (+34.1%), from €41,841 to €56,115
- Tax, wage and social debts -€6,631
down €6,631 (-33.7%), from €19,675 to €13,044
of which Remuneration and social security: -€4,656
- Trade debts -€5,576
down €5,576 (-41.6%), from €13,399 to €7,823
- Gross operating margin -€44,836
down €44,836 (-42.9%), from €104,506 to €59,669
- Staff costs -€35,360
down €35,360 (-68.5%), from €51,615 to €16,255
- Depreciation +€14,615
up €14,615 (+61.5%), from €23,757 to €38,372
- Taxes -€4,143
down €4,143 (-95.7%), from €4,331 to €188
- Financial income +€3,241
up €3,241 (+1,208%), from €268 to €3,510
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 | €262,984 | €295,890 | +€32,906 | +12.5% |
| Fixed assets | 21/28 | €172,121 | €209,125 | +€37,004 | +21.5% |
| Intangible fixed assets | 21 | €137,414 | €118,653 | -€18,760 | -13.7% |
| Tangible fixed assets | 22/27 | €27,207 | €82,972 | +€55,764 | +205% |
| Land and buildings | 22 | €15,903 | €11,908 | -€3,994 | -25.1% |
| Plant, machinery and equipment | 23 | €1,207 | €1,787 | +€580 | +48.0% |
| Furniture and vehicles | 24 | €10,097 | €69,276 | +€59,178 | +586% |
| Financial fixed assets | 28 | €7,500 | €7,500 | = | 0.0% |
| Current assets | 29/58 | €90,863 | €86,765 | -€4,098 | -4.5% |
| Amounts receivable within one year | 40/41 | €265 | €1,083 | +€819 | +309% |
| Trade receivables | 40 | €265 | €231 | -€34 | -12.9% |
| Other amounts receivable | 41 | €0 | €853 | +€853 | |
| Current investments | 50/53 | - | €39,093 | +€39,093 | |
| Cash at bank and in hand | 54/58 | €90,104 | €45,047 | -€45,057 | -50.0% |
| Deferred charges and accrued income | 490/1 | €494 | €1,542 | +€1,048 | +212% |
| Total equity and liabilities | 10/49 | €262,984 | €295,890 | +€32,906 | +12.5% |
| Equity | 10/15 | €73,491 | €72,421 | -€1,070 | -1.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €53,491 | €52,421 | -€1,070 | -2.0% |
| Distributable reserves | 133 | €53,491 | €52,421 | -€1,070 | -2.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €189,494 | €223,470 | +€33,976 | +17.9% |
| Amounts payable after more than one year | 17 | €87,634 | €102,103 | +€14,469 | +16.5% |
| Financial debts | 170/4 | €87,634 | €102,103 | +€14,469 | +16.5% |
| Amounts payable within one year | 42/48 | €98,182 | €117,819 | +€19,637 | +20.0% |
| Current portion of amounts payable after more than one year | 42 | €21,872 | €38,583 | +€16,711 | +76.4% |
| Trade debts | 44 | €13,399 | €7,823 | -€5,576 | -41.6% |
| Suppliers | 440/4 | €13,399 | €7,823 | -€5,576 | -41.6% |
| Advances received on contracts in progress | 46 | €1,396 | €2,254 | +€858 | +61.5% |
| Taxes, remuneration and social security | 45 | €19,675 | €13,044 | -€6,631 | -33.7% |
| Taxes | 450/3 | €13,266 | €11,291 | -€1,975 | -14.9% |
| Remuneration and social security | 454/9 | €6,408 | €1,753 | -€4,656 | -72.7% |
| Other amounts payable | 47/48 | €41,841 | €56,115 | +€14,274 | +34.1% |
| Accrued charges and deferred income | 492/3 | €3,678 | €3,548 | -€129 | -3.5% |
| Remuneration, social security and pensions | 62 | €51,615 | €16,255 | -€35,360 | -68.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,757 | €38,372 | +€14,615 | +61.5% |
| Other operating charges | 640/8 | €964 | €1,544 | +€579 | +60.1% |
| Gross operating margin | 9900 | €104,506 | €59,669 | -€44,836 | -42.9% |
| Operating profit (loss) | 9901 | €28,169 | €3,498 | -€24,671 | -87.6% |
| Financial income | 75/76B | €268 | €3,510 | +€3,241 | +1,208% |
| Recurring financial income | 75 | €268 | €3,510 | +€3,241 | +1,208% |
| Financial charges | 65/66B | €6,477 | €7,890 | +€1,414 | +21.8% |
| Recurring financial charges | 65 | €6,477 | €7,890 | +€1,414 | +21.8% |
| Profit (loss) for the period before taxes | 9903 | €21,961 | -€883 | -€22,844 | |
| Income taxes | 67/77 | €4,331 | €188 | -€4,143 | -95.7% |
| Profit (loss) for the period | 9904 | €17,630 | -€1,070 | -€18,700 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,630 | -€1,070 | -€18,700 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.