LA ROY: 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.
LA ROY
Largest movements
- Tangible fixed assets +€72,666
up €72,666 (+8.6%), from €847,481 to €920,146
of which Plant, machinery and equipment: +€85,616
- Cash -€48,469
down €48,469 (-40.8%), from €118,792 to €70,324
mainly Investment in fixed assets (net) (-€298,912) and Contributions, distributions and other (-€200,000)
- Receivables within one year +€20,325
up €20,325 (+4.5%), from €449,540 to €469,865
of which Trade receivables: +€10,729
- Reserves +€283,000
up €283,000 (+52.2%), from €542,000 to €825,000
of which Distributable reserves: +€283,000
- Other debts -€182,955
down €182,955 (-47.5%), from €385,473 to €202,518
- Trade debts -€40,267
down €40,267 (-18.6%), from €216,391 to €176,125
- Debts after one year -€16,187
down €16,187 (-15.4%), from €105,126 to €88,939
- Gross operating margin +€160,854
up €160,854 (+19.0%), from €845,108 to €1.0m
- Depreciation +€78,319
up €78,319 (+55.0%), from €142,477 to €220,796
- Staff costs +€56,772
up €56,772 (+64.4%), from €88,143 to €144,915
- Write-downs +€50,899
up €50,899 (+3,305%), from €1,540 to €52,439
- Taxes +€36,979
up €36,979 (+76.6%), from €48,298 to €85,278
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 | €1,428,374 | €1,482,766 | +€54,393 | +3.8% |
| Fixed assets | 21/28 | €854,529 | €932,645 | +€78,116 | +9.1% |
| Intangible fixed assets | 21 | €6,778 | €12,229 | +€5,451 | +80.4% |
| Tangible fixed assets | 22/27 | €847,481 | €920,146 | +€72,666 | +8.6% |
| Land and buildings | 22 | €274,584 | €265,584 | -€9,000 | -3.3% |
| Plant, machinery and equipment | 23 | €504,043 | €589,659 | +€85,616 | +17.0% |
| Furniture and vehicles | 24 | €68,854 | €64,904 | -€3,950 | -5.7% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €573,845 | €550,121 | -€23,724 | -4.1% |
| Amounts receivable within one year | 40/41 | €449,540 | €469,865 | +€20,325 | +4.5% |
| Trade receivables | 40 | €442,112 | €452,841 | +€10,729 | +2.4% |
| Other amounts receivable | 41 | €7,429 | €17,024 | +€9,596 | +129% |
| Cash at bank and in hand | 54/58 | €118,792 | €70,324 | -€48,469 | -40.8% |
| Deferred charges and accrued income | 490/1 | €5,512 | €9,933 | +€4,420 | +80.2% |
| Total equity and liabilities | 10/49 | €1,428,374 | €1,482,766 | +€54,393 | +3.8% |
| Equity | 10/15 | €642,407 | €925,265 | +€282,858 | +44.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €542,000 | €825,000 | +€283,000 | +52.2% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,741 | €3,741 | = | 0.0% |
| Distributable reserves | 133 | €528,259 | €811,259 | +€283,000 | +53.6% |
| Profit (loss) carried forward | 14 | €407 | €265 | -€142 | -34.9% |
| Amounts payable | 17/49 | €785,966 | €557,501 | -€228,465 | -29.1% |
| Amounts payable after more than one year | 17 | €105,126 | €88,939 | -€16,187 | -15.4% |
| Financial debts | 170/4 | €105,126 | €88,939 | -€16,187 | -15.4% |
| Amounts payable within one year | 42/48 | €674,888 | €448,415 | -€226,473 | -33.6% |
| Current portion of amounts payable after more than one year | 42 | €15,869 | €16,187 | +€318 | +2.0% |
| Trade debts | 44 | €216,391 | €176,125 | -€40,267 | -18.6% |
| Suppliers | 440/4 | €216,391 | €176,125 | -€40,267 | -18.6% |
| Taxes, remuneration and social security | 45 | €57,154 | €53,585 | -€3,569 | -6.2% |
| Taxes | 450/3 | €46,382 | €43,052 | -€3,331 | -7.2% |
| Remuneration and social security | 454/9 | €10,772 | €10,534 | -€238 | -2.2% |
| Other amounts payable | 47/48 | €385,473 | €202,518 | -€182,955 | -47.5% |
| Accrued charges and deferred income | 492/3 | €5,953 | €20,147 | +€14,195 | +238% |
| Non-recurring operating income | 76A | €39,353 | €1,103 | -€38,251 | -97.2% |
| Remuneration, social security and pensions | 62 | €88,143 | €144,915 | +€56,772 | +64.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €142,477 | €220,796 | +€78,319 | +55.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,540 | €52,439 | +€50,899 | +3,305% |
| Other operating charges | 640/8 | €4,304 | €4,776 | +€472 | +11.0% |
| Non-recurring operating charges | 66A | €6,373 | €13,105 | +€6,732 | +106% |
| Gross operating margin | 9900 | €845,108 | €1,005,963 | +€160,854 | +19.0% |
| Operating profit (loss) | 9901 | €602,272 | €569,933 | -€32,339 | -5.4% |
| Financial income | 75/76B | €1,416 | €4,657 | +€3,241 | +229% |
| Recurring financial income | 75 | €1,416 | €4,657 | +€3,241 | +229% |
| Financial charges | 65/66B | €4,648 | €6,455 | +€1,807 | +38.9% |
| Recurring financial charges | 65 | €4,648 | €6,455 | +€1,807 | +38.9% |
| Profit (loss) for the period before taxes | 9903 | €599,041 | €568,135 | -€30,905 | -5.2% |
| Income taxes | 67/77 | €48,298 | €85,278 | +€36,979 | +76.6% |
| Profit (loss) for the period | 9904 | €550,743 | €482,858 | -€67,885 | -12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €550,743 | €482,858 | -€67,885 | -12.3% |
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 16 October 2026 via checked.be.