ROY GROUP: 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 GROUP
Largest movements
- Receivables within one year +€432,368
up €432,368 (+208.6%), from €207,243 to €639,611
of which Trade receivables: +€445,779
- Stocks and contracts +€116,645
up €116,645 (+66.0%), from €176,690 to €293,336
- Tangible fixed assets +€25,970
up €25,970 (+260.7%), from €9,961 to €35,932
of which Leasing and similar rights: +€34,176
- Cash +€16,860
up €16,860 (+317.8%), from €5,306 to €22,166
mainly Trade debts (+€406,408) and Tax, wage and social debts (+€95,774)
- Trade debts +€406,408
up €406,408 (+134.9%), from €301,252 to €707,660
- Tax, wage and social debts +€95,774
up €95,774 (+1365.3%), from €7,015 to €102,789
of which Taxes: +€76,174
- Other debts +€37,230
up €37,230 (+147.1%), from €25,314 to €62,544
- Profit (loss) carried forward +€34,615
up €34,615 (+172.8%), from €20,033 to €54,648
- Debts after one year +€19,445
up €19,445 (+123.3%), from €15,776 to €35,221
- Gross operating margin +€19,967
up €19,967 (+62.4%), from €32,019 to €51,986
- Taxes +€3,900
up €3,900 (+55.6%), from €7,015 to €10,915
- Financial income -€3,024
down €3,024 (-57.5%), from €5,260 to €2,236
of which Financial income: -€4,918
- Other operating charges -€825
down €825 (-52.4%), from €1,574 to €748
- Financial charges -€526
down €526 (-13.2%), from €3,991 to €3,466
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 | €399,200 | €994,795 | +€595,595 | +149.2% |
| Fixed assets | 21/28 | €9,961 | €39,682 | +€29,720 | +298.4% |
| Tangible fixed assets | 22/27 | €9,961 | €35,932 | +€25,970 | +260.7% |
| Plant, machinery and equipment | 23 | €2,356 | €1,756 | -€600 | -25.5% |
| Furniture and vehicles | 24 | €7,606 | - | -€7,606 | |
| Leasing and similar rights | 25 | - | €34,176 | +€34,176 | |
| Financial fixed assets | 28 | - | €3,750 | +€3,750 | |
| Current assets | 29/58 | €389,239 | €955,113 | +€565,874 | +145.4% |
| Stocks and contracts in progress | 3 | €176,690 | €293,336 | +€116,645 | +66.0% |
| Stocks | 30/36 | €176,690 | €293,336 | +€116,645 | +66.0% |
| Amounts receivable within one year | 40/41 | €207,243 | €639,611 | +€432,368 | +208.6% |
| Trade receivables | 40 | €188,805 | €634,583 | +€445,779 | +236.1% |
| Other amounts receivable | 41 | €18,438 | €5,028 | -€13,410 | -72.7% |
| Cash at bank and in hand | 54/58 | €5,306 | €22,166 | +€16,860 | +317.8% |
| Total equity and liabilities | 10/49 | €399,200 | €994,795 | +€595,595 | +149.2% |
| Equity | 10/15 | €40,033 | €74,648 | +€34,615 | +86.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,033 | €54,648 | +€34,615 | +172.8% |
| Amounts payable | 17/49 | €359,167 | €920,147 | +€560,980 | +156.2% |
| Amounts payable after more than one year | 17 | €15,776 | €35,221 | +€19,445 | +123.3% |
| Financial debts | 170/4 | €15,776 | €35,221 | +€19,445 | +123.3% |
| Amounts payable within one year | 42/48 | €343,391 | €884,926 | +€541,535 | +157.7% |
| Current portion of amounts payable after more than one year | 42 | - | €11,933 | +€11,933 | |
| Financial debts | 43 | €9,810 | - | -€9,810 | |
| Credit institutions | 430/8 | €9,810 | - | -€9,810 | |
| Trade debts | 44 | €301,252 | €707,660 | +€406,408 | +134.9% |
| Suppliers | 440/4 | €301,252 | €707,660 | +€406,408 | +134.9% |
| Taxes, remuneration and social security | 45 | €7,015 | €102,789 | +€95,774 | +1365.3% |
| Taxes | 450/3 | €7,015 | €83,189 | +€76,174 | +1085.9% |
| Remuneration and social security | 454/9 | - | €19,600 | +€19,600 | |
| Other amounts payable | 47/48 | €25,314 | €62,544 | +€37,230 | +147.1% |
| Remuneration, social security and pensions | 62 | - | €254 | +€254 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,666 | €4,225 | -€442 | -9.5% |
| Other operating charges | 640/8 | €1,574 | €748 | -€825 | -52.4% |
| Gross operating margin | 9900 | €32,019 | €51,986 | +€19,967 | +62.4% |
| Operating profit (loss) | 9901 | €25,779 | €46,759 | +€20,980 | +81.4% |
| Financial income | 75/76B | €5,260 | €2,236 | -€3,024 | -57.5% |
| Recurring financial income | 75 | €5,260 | €342 | -€4,918 | -93.5% |
| Non-recurring financial income | 76B | €5,260 | €1,894 | -€3,366 | -64.0% |
| Financial charges | 65/66B | €3,991 | €3,466 | -€526 | -13.2% |
| Recurring financial charges | 65 | €3,991 | €3,466 | -€526 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | €27,048 | €45,530 | +€18,482 | +68.3% |
| Income taxes | 67/77 | €7,015 | €10,915 | +€3,900 | +55.6% |
| Profit (loss) for the period | 9904 | €20,033 | €34,615 | +€14,582 | +72.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,033 | €34,615 | +€14,582 | +72.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.