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.
LE ROYAL
Largest movements
- Cash -€1,622
down €1,622 (-23.6%), from €6,869 to €5,248
mainly Net result for the year (-€1,622)
- Profit (loss) carried forward -€1,622
down €1,622 (-0.7%), from -€217,743 to -€219,365
- Write-downs +€24,073
no longer reported in 2025 (was -€24,073)
- Gross operating margin +€1,649
up €1,649 (+54.1%), from -€3,046 to -€1,397
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 | €48,719 | €47,098 | -€1,622 | -3.3% |
| Current assets | 29/58 | €48,719 | €47,098 | -€1,622 | -3.3% |
| Amounts receivable within one year | 40/41 | €41,850 | €41,850 | = | 0.0% |
| Other amounts receivable | 41 | €41,850 | €41,850 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,869 | €5,248 | -€1,622 | -23.6% |
| Total equity and liabilities | 10/49 | €48,719 | €47,098 | -€1,622 | -3.3% |
| Equity | 10/15 | -€195,278 | -€196,900 | -€1,622 | -0.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,465 | €2,465 | = | 0.0% |
| Distributable reserves | 133 | €2,465 | €2,465 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€217,743 | -€219,365 | -€1,622 | -0.7% |
| Amounts payable | 17/49 | €243,997 | €243,997 | = | 0.0% |
| Amounts payable within one year | 42/48 | €243,997 | €243,997 | = | 0.0% |
| Other amounts payable | 47/48 | €243,997 | €243,997 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€24,073 | - | +€24,073 | |
| Gross operating margin | 9900 | -€3,046 | -€1,397 | +€1,649 | +54.1% |
| Operating profit (loss) | 9901 | €21,027 | -€1,397 | -€22,424 | |
| Financial charges | 65/66B | €208 | €225 | +€17 | +8.1% |
| Recurring financial charges | 65 | €208 | €225 | +€17 | +8.1% |
| Profit (loss) for the period before taxes | 9903 | €20,819 | -€1,622 | -€22,441 | |
| Profit (loss) for the period | 9904 | €20,819 | -€1,622 | -€22,441 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,819 | -€1,622 | -€22,441 |
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 20 October 2026 via checked.be.