LE ROYAL VK: 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 VK
Largest movements
- Cash -€20,458
down €20,458 (-85.8%), from €23,849 to €3,391
mainly Net result for the year (-€22,574) and Receivables within one year (-€13,542)
- Receivables within one year +€13,542
up €13,542 (+125%), from €10,832 to €24,374
of which Trade receivables: +€14,439
- Intangible fixed assets -€4,667
down €4,667 (-100%), from €4,667 to €0
- Tangible fixed assets +€1,877
up €1,877 (+31.3%), from €6,001 to €7,878
of which Furniture and vehicles: +€4,087
- Deferred charges and accrued income -€521
down €521 (-84.5%), from €616 to €96
- Profit (loss) carried forward -€22,574
down €22,574 (-40.7%), from -€55,501 to -€78,076
- Trade debts +€19,048
up €19,048 (+126%), from €15,165 to €34,213
- Contributions +€12,400
up €12,400 (+200%), from €6,200 to €18,600
- Other debts -€9,112
down €9,112 (-20.2%), from €45,012 to €35,900
- Accrued charges and deferred income -€5,400
down €5,400 (-100%), from €5,400 to €0
- Staff costs -€41,008
down €41,008 (-55.3%), from €74,189 to €33,182
- Other operating charges +€6,378
up €6,378 (+395%), from €1,615 to €7,993
- Financial charges +€2,931
up €2,931 (+378%), from €776 to €3,707
- Depreciation -€899
down €899 (-8.8%), from €10,230 to €9,331
- Financial income +€513
up €513 (+38,535%), from €1 to €514
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €47,937 | €37,610 | -€10,327 | -21.5% |
| Fixed assets | 21/28 | €10,667 | €7,878 | -€2,790 | -26.2% |
| Intangible fixed assets | 21 | €4,667 | €0 | -€4,667 | -100% |
| Tangible fixed assets | 22/27 | €6,001 | €7,878 | +€1,877 | +31.3% |
| Plant, machinery and equipment | 23 | €5,408 | €3,198 | -€2,210 | -40.9% |
| Furniture and vehicles | 24 | €592 | €4,680 | +€4,087 | +690% |
| Current assets | 29/58 | €37,270 | €29,732 | -€7,537 | -20.2% |
| Stocks and contracts in progress | 3 | €1,973 | €1,873 | -€100 | -5.1% |
| Stocks | 30/36 | €1,973 | €1,873 | -€100 | -5.1% |
| Amounts receivable within one year | 40/41 | €10,832 | €24,374 | +€13,542 | +125% |
| Trade receivables | 40 | €9,935 | €24,374 | +€14,439 | +145% |
| Other amounts receivable | 41 | €897 | €0 | -€897 | -100% |
| Cash at bank and in hand | 54/58 | €23,849 | €3,391 | -€20,458 | -85.8% |
| Deferred charges and accrued income | 490/1 | €616 | €96 | -€521 | -84.5% |
| Total equity and liabilities | 10/49 | €47,937 | €37,610 | -€10,327 | -21.5% |
| Equity | 10/15 | -€30,380 | -€40,555 | -€10,174 | -33.5% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200% |
| Reserves | 13 | €18,921 | €18,921 | = | 0.0% |
| Distributable reserves | 133 | €18,921 | €18,921 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,501 | -€78,076 | -€22,574 | -40.7% |
| Amounts payable | 17/49 | €78,317 | €78,165 | -€153 | -0.2% |
| Amounts payable within one year | 42/48 | €72,917 | €78,165 | +€5,247 | +7.2% |
| Trade debts | 44 | €15,165 | €34,213 | +€19,048 | +126% |
| Suppliers | 440/4 | €15,165 | €34,213 | +€19,048 | +126% |
| Taxes, remuneration and social security | 45 | €12,740 | €8,051 | -€4,689 | -36.8% |
| Taxes | 450/3 | €2,978 | €4,965 | +€1,986 | +66.7% |
| Remuneration and social security | 454/9 | €9,762 | €3,087 | -€6,675 | -68.4% |
| Other amounts payable | 47/48 | €45,012 | €35,900 | -€9,112 | -20.2% |
| Accrued charges and deferred income | 492/3 | €5,400 | €0 | -€5,400 | -100% |
| Remuneration, social security and pensions | 62 | €74,189 | €33,182 | -€41,008 | -55.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,230 | €9,331 | -€899 | -8.8% |
| Other operating charges | 640/8 | €1,615 | €7,993 | +€6,378 | +395% |
| Non-recurring operating charges | 66A | €2 | €0 | -€2 | -100% |
| Gross operating margin | 9900 | €31,559 | €31,654 | +€95 | +0.3% |
| Operating profit (loss) | 9901 | -€54,477 | -€18,852 | +€35,625 | +65.4% |
| Financial income | 75/76B | €1 | €514 | +€513 | +38,535% |
| Recurring financial income | 75 | €1 | €514 | +€513 | +38,535% |
| Financial charges | 65/66B | €776 | €3,707 | +€2,931 | +378% |
| Recurring financial charges | 65 | €776 | €3,707 | +€2,931 | +378% |
| Profit (loss) for the period before taxes | 9903 | -€55,252 | -€22,045 | +€33,207 | +60.1% |
| Income taxes | 67/77 | €250 | €529 | +€280 | +112% |
| Profit (loss) for the period | 9904 | -€55,501 | -€22,574 | +€32,927 | +59.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,501 | -€22,574 | +€32,927 | +59.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.