NEW ROYAL GARDENS: what changed
NEW ROYAL GARDENS
Largest movements
- Cash +€46,153
up €46,153 (+44.9%), from €102,704 to €148,857
mainly Net result for the year (+€36,130) and Accrued charges and deferred income (+€16,325)
- Tangible fixed assets +€6,767
up €6,767 (+7.7%), from €88,127 to €94,895
of which Land and buildings: +€8,500
- Deferred charges and accrued income +€4,594
new in 2025: €4,594
- Profit (loss) carried forward +€36,130
up €36,130 (+35.8%), from -€100,995 to -€64,866
- Accrued charges and deferred income +€16,325
new in 2025: €16,325
- Other debts +€6,009
up €6,009 (+268%), from €2,239 to €8,248
- Gross operating margin +€9,370
up €9,370 (+16.2%), from €57,781 to €67,151
- Other operating charges -€3,534
down €3,534 (-17.2%), from €20,565 to €17,031
- Depreciation +€1,313
up €1,313 (+11.0%), from €11,984 to €13,297
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 | €190,831 | €248,346 | +€57,515 | +30.1% |
| Fixed assets | 21/28 | €88,127 | €94,895 | +€6,767 | +7.7% |
| Tangible fixed assets | 22/27 | €88,127 | €94,895 | +€6,767 | +7.7% |
| Land and buildings | 22 | €82,221 | €90,721 | +€8,500 | +10.3% |
| Furniture and vehicles | 24 | €4,707 | €2,974 | -€1,733 | -36.8% |
| Other tangible fixed assets | 26 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €102,704 | €153,451 | +€50,747 | +49.4% |
| Cash at bank and in hand | 54/58 | €102,704 | €148,857 | +€46,153 | +44.9% |
| Deferred charges and accrued income | 490/1 | - | €4,594 | +€4,594 | |
| Total equity and liabilities | 10/49 | €190,831 | €248,346 | +€57,515 | +30.1% |
| Equity | 10/15 | €182,694 | €218,824 | +€36,130 | +19.8% |
| Contributions | 10/11 | €273,303 | €273,303 | = | 0.0% |
| Capital | 10 | €273,303 | €273,303 | = | 0.0% |
| Issued capital | 100 | €273,303 | €273,303 | = | 0.0% |
| Reserves | 13 | €10,387 | €10,387 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,387 | €10,387 | = | 0.0% |
| Legal reserve | 130 | €10,387 | €10,387 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€100,995 | -€64,866 | +€36,130 | +35.8% |
| Amounts payable | 17/49 | €8,137 | €29,522 | +€21,385 | +263% |
| Amounts payable within one year | 42/48 | €8,137 | €13,197 | +€5,060 | +62.2% |
| Trade debts | 44 | €5,759 | €4,808 | -€950 | -16.5% |
| Suppliers | 440/4 | €5,759 | €4,808 | -€950 | -16.5% |
| Taxes, remuneration and social security | 45 | €140 | €141 | +€1 | +1.0% |
| Taxes | 450/3 | €140 | €141 | +€1 | +1.0% |
| Other amounts payable | 47/48 | €2,239 | €8,248 | +€6,009 | +268% |
| Accrued charges and deferred income | 492/3 | - | €16,325 | +€16,325 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,984 | €13,297 | +€1,313 | +11.0% |
| Other operating charges | 640/8 | €20,565 | €17,031 | -€3,534 | -17.2% |
| Gross operating margin | 9900 | €57,781 | €67,151 | +€9,370 | +16.2% |
| Operating profit (loss) | 9901 | €25,232 | €36,823 | +€11,591 | +45.9% |
| Financial income | 75/76B | €130 | €6 | -€124 | -95.7% |
| Recurring financial income | 75 | €130 | €6 | -€124 | -95.7% |
| Financial charges | 65/66B | €489 | €558 | +€69 | +14.1% |
| Recurring financial charges | 65 | €489 | €558 | +€69 | +14.1% |
| Profit (loss) for the period before taxes | 9903 | €24,873 | €36,271 | +€11,398 | +45.8% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | €24,733 | €36,130 | +€11,397 | +46.1% |
| Profit (loss) for the period to be appropriated | 9905 | €24,733 | €36,130 | +€11,397 | +46.1% |
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 6 November 2026 via checked.be.