NEW 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.
NEW ROY
Largest movements
- Receivables within one year +€83,755
up €83,755 (+75.8%), from €110,547 to €194,303
of which Other amounts receivable: +€72,313
- Tangible fixed assets -€35,295
down €35,295 (-21.9%), from €161,001 to €125,706
of which Furniture and vehicles: -€26,147
- Cash -€32,807
down €32,807 (-93.0%), from €35,260 to €2,453
mainly Receivables within one year (-€83,755) and Net result for the year (-€31,370)
- Stocks and contracts -€6,623
down €6,623 (-30.1%), from €21,988 to €15,365
- Short-term financial debts +€38,188
new in 2025: €38,188
- Profit (loss) carried forward -€31,370
down €31,370 (-52.2%), from -€60,050 to -€91,419
- Trade debts +€12,187
up €12,187 (+6.2%), from €195,817 to €208,003
- Debts after one year -€12,136
down €12,136 (-8.9%), from €136,269 to €124,133
- Gross operating margin +€103,397
up €103,397 (+41.0%), from €252,365 to €355,763
- Staff costs +€56,364
up €56,364 (+21.5%), from €262,258 to €318,622
- Financial charges +€12,558
up €12,558 (+86.1%), from €14,585 to €27,143
- Depreciation +€6,651
up €6,651 (+21.5%), from €30,887 to €37,538
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 | €329,851 | €340,366 | +€10,514 | +3.2% |
| Fixed assets | 21/28 | €161,206 | €125,911 | -€35,295 | -21.9% |
| Tangible fixed assets | 22/27 | €161,001 | €125,706 | -€35,295 | -21.9% |
| Plant, machinery and equipment | 23 | €11,599 | €10,144 | -€1,455 | -12.5% |
| Furniture and vehicles | 24 | €108,018 | €81,870 | -€26,147 | -24.2% |
| Leasing and similar rights | 25 | €41,384 | €33,692 | -€7,692 | -18.6% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €168,646 | €214,455 | +€45,809 | +27.2% |
| Stocks and contracts in progress | 3 | €21,988 | €15,365 | -€6,623 | -30.1% |
| Stocks | 30/36 | €21,988 | €15,365 | -€6,623 | -30.1% |
| Amounts receivable within one year | 40/41 | €110,547 | €194,303 | +€83,755 | +75.8% |
| Trade receivables | 40 | - | €11,442 | +€11,442 | |
| Other amounts receivable | 41 | €110,547 | €182,860 | +€72,313 | +65.4% |
| Cash at bank and in hand | 54/58 | €35,260 | €2,453 | -€32,807 | -93.0% |
| Deferred charges and accrued income | 490/1 | €851 | €2,334 | +€1,484 | +174% |
| Total equity and liabilities | 10/49 | €329,851 | €340,366 | +€10,514 | +3.2% |
| Equity | 10/15 | -€55,050 | -€86,419 | -€31,370 | -57.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,050 | -€91,419 | -€31,370 | -52.2% |
| Amounts payable | 17/49 | €384,901 | €426,785 | +€41,884 | +10.9% |
| Amounts payable after more than one year | 17 | €136,269 | €124,133 | -€12,136 | -8.9% |
| Financial debts | 170/4 | €136,269 | €124,133 | -€12,136 | -8.9% |
| Amounts payable within one year | 42/48 | €248,633 | €302,652 | +€54,020 | +21.7% |
| Current portion of amounts payable after more than one year | 42 | €31,383 | €32,601 | +€1,218 | +3.9% |
| Financial debts | 43 | - | €38,188 | +€38,188 | |
| Credit institutions | 430/8 | - | €38,188 | +€38,188 | |
| Trade debts | 44 | €195,817 | €208,003 | +€12,187 | +6.2% |
| Suppliers | 440/4 | €195,817 | €208,003 | +€12,187 | +6.2% |
| Taxes, remuneration and social security | 45 | €21,433 | €23,860 | +€2,427 | +11.3% |
| Taxes | 450/3 | €7,553 | €11,083 | +€3,530 | +46.7% |
| Remuneration and social security | 454/9 | €13,880 | €12,778 | -€1,103 | -7.9% |
| Remuneration, social security and pensions | 62 | €262,258 | €318,622 | +€56,364 | +21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,887 | €37,538 | +€6,651 | +21.5% |
| Other operating charges | 640/8 | €4,323 | €2,619 | -€1,703 | -39.4% |
| Non-recurring operating charges | 66A | - | €1,210 | +€1,210 | |
| Gross operating margin | 9900 | €252,365 | €355,763 | +€103,397 | +41.0% |
| Operating profit (loss) | 9901 | -€45,103 | -€4,227 | +€40,876 | +90.6% |
| Financial income | 75/76B | €0 | €0 | -€0 | -20.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -20.0% |
| Financial charges | 65/66B | €14,585 | €27,143 | +€12,558 | +86.1% |
| Recurring financial charges | 65 | €14,585 | €27,143 | +€12,558 | +86.1% |
| Profit (loss) for the period before taxes | 9903 | -€59,687 | -€31,370 | +€28,318 | +47.4% |
| Income taxes | 67/77 | €362 | - | -€362 | |
| Profit (loss) for the period | 9904 | -€60,050 | -€31,370 | +€28,680 | +47.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€60,050 | -€31,370 | +€28,680 | +47.8% |
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 14 October 2026 via checked.be.