LE 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.
What changed
LE ROYAL
NACE 87.301, Residential care activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€25,980
2024 · -€746,326+€720,346
Equity
-€1.2m
2024 · -€1.2m-€25,980
Cash
€378,911
2024 · €234,094+€144,816
Balance sheet total
€2.8m
2024 · €3.2m-€343,068
Largest movements
Assets
- Receivables within one year -€303,898
down €303,898 (-22.3%), from €1.4m to €1.1m
of which Other amounts receivable: -€344,390
- Tangible fixed assets -€181,004
down €181,004 (-12.5%), from €1.4m to €1.3m
of which Other tangible fixed assets: -€125,567
- Cash +€144,816
up €144,816 (+61.9%), from €234,094 to €378,911
mainly Receivables within one year (+€303,898) and Depreciation (+€242,187)
Equity and liabilities
- Other debts -€157,591
down €157,591 (-11.6%), from €1.4m to €1.2m
- Trade debts -€86,606
down €86,606 (-26.8%), from €323,294 to €236,687
- Short-term financial debts -€43,546
down €43,546 (-5.8%), from €746,847 to €703,301
- Provisions -€37,138
no longer reported in 2025 (was €37,138)
Income statement
- Gross operating margin +€475,413
up €475,413 (+11.4%), from €4.2m to €4.6m
- Other operating charges -€82,432
down €82,432 (-57.3%), from €143,765 to €61,333
- Provisions -€74,275
down €74,275, from €37,138 to -€37,138
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.
Result 2024
-€746,326
Gross operating margin
+€475,413
Staff costs
+€41,848
Depreciation
-€15,203
Write-downs
-€5,816
Provisions
+€74,275
Other operating charges
+€82,432
Other operating items
+€44,923
Financial income
+€5,554
Financial charges
+€16,770
Taxes
+€150
Result 2025
-€25,980
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€265,897
Investment
-€52,989
Financing
-€68,092
Cash 2024
€234,094
From operations (derived)
+€265,897
Net result for the year
-€25,980
Depreciation
+€242,187
Receivables after one year
-€1,802
Stocks and contracts
+€883
Receivables within one year
+€303,898
Deferred charges and accrued income
-€4,294
Provisions
-€37,138
Trade debts
-€86,606
Tax, wage and social debts
+€8,575
Advances received
-€2,050
Other debts
-€157,591
Accrued charges and deferred income
+€25,813
Investment (derived)
-€52,989
Investment in fixed assets (net)
-€52,989
Financing
-€68,092
Debts after one year
-€25,500
Current portion of long-term debt
+€955
Short-term financial debts
-€43,546
Cash 2025
€378,911
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,184,695 | €2,841,627 | -€343,068 | -10.8% |
| Fixed assets | 21/28 | €1,475,118 | €1,285,919 | -€189,198 | -12.8% |
| Intangible fixed assets | 21 | €31,820 | €23,626 | -€8,194 | -25.8% |
| Tangible fixed assets | 22/27 | €1,443,298 | €1,262,293 | -€181,004 | -12.5% |
| Land and buildings | 22 | €22,974 | €19,427 | -€3,547 | -15.4% |
| Plant, machinery and equipment | 23 | €97,778 | €75,565 | -€22,213 | -22.7% |
| Furniture and vehicles | 24 | €104,862 | €75,185 | -€29,677 | -28.3% |
| Other tangible fixed assets | 26 | €1,217,684 | €1,092,117 | -€125,567 | -10.3% |
| Current assets | 29/58 | €1,709,577 | €1,555,708 | -€153,870 | -9.0% |
| Amounts receivable after more than one year | 29 | €69,692 | €71,494 | +€1,802 | +2.6% |
| Other amounts receivable | 291 | €69,692 | €71,494 | +€1,802 | +2.6% |
| Stocks and contracts in progress | 3 | €9,581 | €8,698 | -€883 | -9.2% |
| Stocks | 30/36 | €9,581 | €8,698 | -€883 | -9.2% |
| Amounts receivable within one year | 40/41 | €1,361,261 | €1,057,363 | -€303,898 | -22.3% |
| Trade receivables | 40 | €631,630 | €672,122 | +€40,492 | +6.4% |
| Other amounts receivable | 41 | €729,631 | €385,241 | -€344,390 | -47.2% |
| Cash at bank and in hand | 54/58 | €234,094 | €378,911 | +€144,816 | +61.9% |
| Deferred charges and accrued income | 490/1 | €34,949 | €39,243 | +€4,294 | +12.3% |
| Total equity and liabilities | 10/49 | €3,184,695 | €2,841,627 | -€343,068 | -10.8% |
| Equity | 10/15 | -€1,207,646 | -€1,233,626 | -€25,980 | -2.2% |
| Contributions | 10/11 | €146,300 | €146,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,353,946 | -€1,379,926 | -€25,980 | -1.9% |
| Provisions and deferred taxes | 16 | €37,138 | - | -€37,138 | |
| Provisions for liabilities and charges | 160/5 | €37,138 | - | -€37,138 | |
| Environmental obligations | 163 | €37,138 | - | -€37,138 | |
| Amounts payable | 17/49 | €4,355,203 | €4,075,252 | -€279,951 | -6.4% |
| Amounts payable after more than one year | 17 | €1,107,539 | €1,082,038 | -€25,500 | -2.3% |
| Financial debts | 170/4 | €1,107,539 | €1,082,038 | -€25,500 | -2.3% |
| Amounts payable within one year | 42/48 | €3,245,264 | €2,965,001 | -€280,263 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €56,845 | €57,800 | +€955 | +1.7% |
| Financial debts | 43 | €746,847 | €703,301 | -€43,546 | -5.8% |
| Credit institutions | 430/8 | €746,847 | €703,301 | -€43,546 | -5.8% |
| Trade debts | 44 | €323,294 | €236,687 | -€86,606 | -26.8% |
| Suppliers | 440/4 | €323,294 | €236,687 | -€86,606 | -26.8% |
| Advances received on contracts in progress | 46 | €2,050 | - | -€2,050 | |
| Taxes, remuneration and social security | 45 | €759,274 | €767,849 | +€8,575 | +1.1% |
| Taxes | 450/3 | €104,022 | €124,766 | +€20,744 | +19.9% |
| Remuneration and social security | 454/9 | €655,252 | €643,084 | -€12,168 | -1.9% |
| Other amounts payable | 47/48 | €1,356,954 | €1,199,363 | -€157,591 | -11.6% |
| Accrued charges and deferred income | 492/3 | €2,400 | €28,213 | +€25,813 | +1,076% |
| Remuneration, social security and pensions | 62 | €4,405,548 | €4,363,700 | -€41,848 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €226,984 | €242,187 | +€15,203 | +6.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €13,370 | €19,186 | +€5,816 | +43.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €37,138 | -€37,138 | -€74,275 | |
| Other operating charges | 640/8 | €143,765 | €61,333 | -€82,432 | -57.3% |
| Non-recurring operating charges | 66A | €44,923 | - | -€44,923 | |
| Gross operating margin | 9900 | €4,168,973 | €4,644,386 | +€475,413 | +11.4% |
| Operating profit (loss) | 9901 | -€702,754 | -€4,882 | +€697,871 | +99.3% |
| Financial income | 75/76B | €45,600 | €51,153 | +€5,554 | +12.2% |
| Recurring financial income | 75 | €19,611 | €2,648 | -€16,963 | -86.5% |
| Non-recurring financial income | 76B | €25,989 | €48,505 | +€22,517 | +86.6% |
| Financial charges | 65/66B | €88,847 | €72,076 | -€16,770 | -18.9% |
| Recurring financial charges | 65 | €88,847 | €72,076 | -€16,770 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | -€746,001 | -€25,806 | +€720,196 | +96.5% |
| Income taxes | 67/77 | €324 | €174 | -€150 | -46.2% |
| Profit (loss) for the period | 9904 | -€746,326 | -€25,980 | +€720,346 | +96.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€746,326 | -€25,980 | +€720,346 | +96.5% |
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 19 October 2026 via checked.be.