ROY & GREG: what changed
Two fiscal 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.
ROY & GREG
Largest movements
- Receivables within one year +€154,866
up €154,866 (+793.4%), from €19,518 to €174,385
of which Trade receivables: +€92,695
- Cash -€25,146
down €25,146 (-29.3%), from €85,705 to €60,559
mainly Receivables within one year (-€154,866) and Investment in fixed assets (net) (-€43,210)
- Tangible fixed assets -€24,177
down €24,177 (-13.1%), from €184,509 to €160,332
of which Furniture and vehicles: -€27,234
- Profit (loss) carried forward +€42,003
up €42,003 (+154.2%), from €27,242 to €69,245
- Debts after one year -€30,691
down €30,691 (-22.8%), from €134,870 to €104,179
- Reserves +€30,000
up €30,000 (+30.4%), from €98,829 to €128,829
of which Distributable reserves: +€30,000
- Trade debts +€28,493
up €28,493 (+162.7%), from €17,508 to €46,001
- Current portion of long-term debt +€21,173
up €21,173 (+694.1%), from €3,050 to €24,223
- Depreciation +€30,896
up €30,896 (+84.7%), from €36,491 to €67,387
- Staff costs +€23,370
up €23,370 (+12.1%), from €192,540 to €215,910
- Other operating charges -€12,232
down €12,232 (-30.6%), from €39,957 to €27,725
- Taxes +€8,459
up €8,459 (+50.4%), from €16,791 to €25,250
- Gross operating margin -€4,585
down €4,585 (-1.1%), from €430,202 to €425,618
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.
Cash bridge derived
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 | €319,282 | €421,075 | +€101,793 | +31.9% |
| Fixed assets | 21/28 | €209,499 | €185,322 | -€24,177 | -11.5% |
| Tangible fixed assets | 22/27 | €184,509 | €160,332 | -€24,177 | -13.1% |
| Land and buildings | 22 | €12,605 | €3,205 | -€9,400 | -74.6% |
| Plant, machinery and equipment | 23 | €3,773 | €12,621 | +€8,848 | +234.5% |
| Furniture and vehicles | 24 | €125,399 | €98,165 | -€27,234 | -21.7% |
| Other tangible fixed assets | 26 | €42,731 | €46,340 | +€3,609 | +8.4% |
| Financial fixed assets | 28 | €24,990 | €24,990 | = | 0.0% |
| Current assets | 29/58 | €109,783 | €235,753 | +€125,971 | +114.7% |
| Stocks and contracts in progress | 3 | €4 | €158 | +€154 | +3693.5% |
| Stocks | 30/36 | €4 | €158 | +€154 | +3693.5% |
| Amounts receivable within one year | 40/41 | €19,518 | €174,385 | +€154,866 | +793.4% |
| Trade receivables | 40 | €10,581 | €103,275 | +€92,695 | +876.1% |
| Other amounts receivable | 41 | €8,938 | €71,109 | +€62,172 | +695.6% |
| Cash at bank and in hand | 54/58 | €85,705 | €60,559 | -€25,146 | -29.3% |
| Deferred charges and accrued income | 490/1 | €4,555 | €652 | -€3,903 | -85.7% |
| Total equity and liabilities | 10/49 | €319,282 | €421,075 | +€101,793 | +31.9% |
| Equity | 10/15 | €132,271 | €204,274 | +€72,003 | +54.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €98,829 | €128,829 | +€30,000 | +30.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €96,969 | €126,969 | +€30,000 | +30.9% |
| Profit (loss) carried forward | 14 | €27,242 | €69,245 | +€42,003 | +154.2% |
| Amounts payable | 17/49 | €187,011 | €216,801 | +€29,790 | +15.9% |
| Amounts payable after more than one year | 17 | €134,870 | €104,179 | -€30,691 | -22.8% |
| Financial debts | 170/4 | €134,870 | €104,179 | -€30,691 | -22.8% |
| Amounts payable within one year | 42/48 | €52,140 | €112,621 | +€60,481 | +116.0% |
| Current portion of amounts payable after more than one year | 42 | €3,050 | €24,223 | +€21,173 | +694.1% |
| Trade debts | 44 | €17,508 | €46,001 | +€28,493 | +162.7% |
| Suppliers | 440/4 | €17,508 | €46,001 | +€28,493 | +162.7% |
| Taxes, remuneration and social security | 45 | €31,582 | €42,398 | +€10,816 | +34.2% |
| Taxes | 450/3 | €25,605 | €9,904 | -€15,701 | -61.3% |
| Remuneration and social security | 454/9 | €5,978 | €32,494 | +€26,517 | +443.6% |
| Remuneration, social security and pensions | 62 | €192,540 | €215,910 | +€23,370 | +12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,491 | €67,387 | +€30,896 | +84.7% |
| Other operating charges | 640/8 | €39,957 | €27,725 | -€12,232 | -30.6% |
| Gross operating margin | 9900 | €430,202 | €425,618 | -€4,585 | -1.1% |
| Operating profit (loss) | 9901 | €161,214 | €114,595 | -€46,618 | -28.9% |
| Financial income | 75/76B | €9 | €0 | -€9 | -98.6% |
| Recurring financial income | 75 | €9 | €0 | -€9 | -98.6% |
| Financial charges | 65/66B | €21,481 | €17,342 | -€4,138 | -19.3% |
| Recurring financial charges | 65 | €21,481 | €17,342 | -€4,138 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €139,742 | €97,253 | -€42,489 | -30.4% |
| Income taxes | 67/77 | €16,791 | €25,250 | +€8,459 | +50.4% |
| Profit (loss) for the period | 9904 | €122,951 | €72,003 | -€50,948 | -41.4% |
| Profit (loss) for the period to be appropriated | 9905 | €122,951 | €72,003 | -€50,948 | -41.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.