LA VOIX ROYALE: what changed
LA VOIX ROYALE
Largest movements
- Current investments +€110,000
up €110,000 (+275%), from €40,000 to €150,000
- Cash -€27,662
down €27,662 (-25.2%), from €109,738 to €82,075
mainly Current investments (-€110,000) and Investment in fixed assets (net) (-€1,636)
- Receivables within one year -€15,062
down €15,062 (-22.8%), from €66,034 to €50,972
of which Trade receivables: -€14,252
- Reserves +€41,100
new in 2025: €41,100
- Tax, wage and social debts +€21,249
up €21,249 (+59.7%), from €35,600 to €56,849
- Trade debts +€7,304
up €7,304 (+76,160%), from €10 to €7,313
- Gross operating margin -€105,447
down €105,447 (-60.4%), from €174,495 to €69,048
- Taxes -€14,351
down €14,351 (-40.3%), from €35,600 to €21,249
- Other operating charges +€5,188
up €5,188 (+477%), from €1,087 to €6,275
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €217,175 | €286,663 | +€69,488 | +32.0% |
| Fixed assets | 21/28 | €1,403 | €2,060 | +€656 | +46.8% |
| Tangible fixed assets | 22/27 | €1,313 | €1,168 | -€145 | -11.0% |
| Furniture and vehicles | 24 | €1,313 | €1,168 | -€145 | -11.0% |
| Financial fixed assets | 28 | €91 | €892 | +€801 | +882% |
| Current assets | 29/58 | €215,772 | €284,604 | +€68,832 | +31.9% |
| Amounts receivable within one year | 40/41 | €66,034 | €50,972 | -€15,062 | -22.8% |
| Trade receivables | 40 | €64,905 | €50,653 | -€14,252 | -22.0% |
| Other amounts receivable | 41 | €1,129 | €319 | -€810 | -71.7% |
| Current investments | 50/53 | €40,000 | €150,000 | +€110,000 | +275% |
| Cash at bank and in hand | 54/58 | €109,738 | €82,075 | -€27,662 | -25.2% |
| Deferred charges and accrued income | 490/1 | - | €1,556 | +€1,556 | |
| Total equity and liabilities | 10/49 | €217,175 | €286,663 | +€69,488 | +32.0% |
| Equity | 10/15 | €140,219 | €181,406 | +€41,187 | +29.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €41,100 | +€41,100 | |
| Distributable reserves | 133 | - | €41,100 | +€41,100 | |
| Profit (loss) carried forward | 14 | €137,719 | €137,806 | +€87 | +0.1% |
| Amounts payable | 17/49 | €76,956 | €105,257 | +€28,301 | +36.8% |
| Amounts payable within one year | 42/48 | €76,956 | €105,257 | +€28,301 | +36.8% |
| Trade debts | 44 | €10 | €7,313 | +€7,304 | +76,160% |
| Suppliers | 440/4 | €10 | €7,313 | +€7,304 | +76,160% |
| Taxes, remuneration and social security | 45 | €35,600 | €56,849 | +€21,249 | +59.7% |
| Taxes | 450/3 | €35,600 | €56,849 | +€21,249 | +59.7% |
| Other amounts payable | 47/48 | €41,347 | €41,095 | -€252 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,325 | €980 | -€345 | -26.0% |
| Other operating charges | 640/8 | €1,087 | €6,275 | +€5,188 | +477% |
| Gross operating margin | 9900 | €174,495 | €69,048 | -€105,447 | -60.4% |
| Operating profit (loss) | 9901 | €172,083 | €61,793 | -€110,290 | -64.1% |
| Financial income | 75/76B | €1,311 | €2,002 | +€692 | +52.8% |
| Recurring financial income | 75 | €1,311 | €2,002 | +€692 | +52.8% |
| Financial charges | 65/66B | €75 | €1,359 | +€1,284 | +1,712% |
| Recurring financial charges | 65 | €75 | €1,359 | +€1,284 | +1,712% |
| Profit (loss) for the period before taxes | 9903 | €173,319 | €62,436 | -€110,883 | -64.0% |
| Income taxes | 67/77 | €35,600 | €21,249 | -€14,351 | -40.3% |
| Profit (loss) for the period | 9904 | €137,719 | €41,187 | -€96,532 | -70.1% |
| Profit (loss) for the period to be appropriated | 9905 | €137,719 | €41,187 | -€96,532 | -70.1% |
Next steps
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 8 November 2026 via checked.be.