ROY HENRY: 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.
What changed
ROY HENRY
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€34,772
2024 · €34,169+€603
Equity
€419,351
2024 · €434,579-€15,228
Cash
€444,603
2024 · €405,473+€39,130
Balance sheet total
€574,833
2024 · €540,236+€34,596
Largest movements
Assets
- Cash +€39,130
up €39,130 (+9.7%), from €405,473 to €444,603
mainly Other debts (+€50,000) and Net result for the year (+€34,772)
Equity and liabilities
- Other debts +€50,000
new in 2025: €50,000
- Profit (loss) carried forward -€15,228
down €15,228 (-20.1%), from €75,913 to €60,685
- Trade debts -€6,574
down €6,574 (-86.0%), from €7,643 to €1,070
Income statement
- Gross operating margin +€4,142
up €4,142 (+4.0%), from €104,527 to €108,669
- Staff costs +€2,973
up €2,973 (+8.3%), from €35,852 to €38,824
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.
Result 2024
€34,169
Gross operating margin
+€4,142
Staff costs
-€2,973
Depreciation
-€704
Other operating charges
+€132
Financial income
-€45
Financial charges
-€67
Taxes
+€118
Result 2025
€34,772
raises the resultlowers the result
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.
From operations
+€95,082
Investment
-€10,152
Financing
-€45,800
Cash 2024
€405,473
From operations (derived)
+€95,082
Net result for the year
+€34,772
Depreciation
+€14,864
Receivables within one year
-€2,397
Deferred charges and accrued income
+€2,219
Trade debts
-€6,574
Tax, wage and social debts
-€2,239
Other debts
+€50,000
Accrued charges and deferred income
+€4,437
Investment (derived)
-€10,152
Investment in fixed assets (net)
-€10,152
Financing
-€45,800
Debts after one year
+€4,200
Contributions, distributions and other
-€50,000
Cash 2025
€444,603
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €540,236 | €574,833 | +€34,596 | +6.4% |
| Fixed assets | 21/28 | €107,320 | €102,608 | -€4,712 | -4.4% |
| Tangible fixed assets | 22/27 | €107,320 | €102,608 | -€4,712 | -4.4% |
| Land and buildings | 22 | €101,937 | €99,242 | -€2,695 | -2.6% |
| Furniture and vehicles | 24 | €5,383 | €3,366 | -€2,017 | -37.5% |
| Current assets | 29/58 | €432,917 | €472,225 | +€39,308 | +9.1% |
| Amounts receivable within one year | 40/41 | €21,967 | €24,363 | +€2,397 | +10.9% |
| Trade receivables | 40 | €6,329 | €5,652 | -€677 | -10.7% |
| Other amounts receivable | 41 | €15,638 | €18,711 | +€3,074 | +19.7% |
| Cash at bank and in hand | 54/58 | €405,473 | €444,603 | +€39,130 | +9.7% |
| Deferred charges and accrued income | 490/1 | €5,477 | €3,259 | -€2,219 | -40.5% |
| Total equity and liabilities | 10/49 | €540,236 | €574,833 | +€34,596 | +6.4% |
| Equity | 10/15 | €434,579 | €419,351 | -€15,228 | -3.5% |
| Contributions | 10/11 | €124,789 | €124,789 | = | 0.0% |
| Reserves | 13 | €233,877 | €233,877 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,479 | €12,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,479 | €12,479 | = | 0.0% |
| Tax-exempt reserves | 132 | €221,398 | €221,398 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,913 | €60,685 | -€15,228 | -20.1% |
| Provisions and deferred taxes | 16 | €73,799 | €73,799 | = | 0.0% |
| Deferred taxes | 168 | €73,799 | €73,799 | = | 0.0% |
| Amounts payable | 17/49 | €31,858 | €81,682 | +€49,825 | +156% |
| Amounts payable after more than one year | 17 | €3,950 | €8,150 | +€4,200 | +106% |
| Other amounts payable | 178/9 | €3,950 | €8,150 | +€4,200 | +106% |
| Amounts payable within one year | 42/48 | €25,627 | €66,814 | +€41,187 | +161% |
| Trade debts | 44 | €7,643 | €1,070 | -€6,574 | -86.0% |
| Suppliers | 440/4 | €7,643 | €1,070 | -€6,574 | -86.0% |
| Taxes, remuneration and social security | 45 | €17,983 | €15,744 | -€2,239 | -12.5% |
| Taxes | 450/3 | €12,046 | €12,966 | +€920 | +7.6% |
| Remuneration and social security | 454/9 | €5,937 | €2,778 | -€3,159 | -53.2% |
| Other amounts payable | 47/48 | - | €50,000 | +€50,000 | |
| Accrued charges and deferred income | 492/3 | €2,281 | €6,718 | +€4,437 | +195% |
| Remuneration, social security and pensions | 62 | €35,852 | €38,824 | +€2,973 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,160 | €14,864 | +€704 | +5.0% |
| Other operating charges | 640/8 | €8,737 | €8,605 | -€132 | -1.5% |
| Gross operating margin | 9900 | €104,527 | €108,669 | +€4,142 | +4.0% |
| Operating profit (loss) | 9901 | €45,779 | €46,376 | +€597 | +1.3% |
| Financial income | 75/76B | €91 | €46 | -€45 | -49.3% |
| Recurring financial income | 75 | €91 | €46 | -€45 | -49.3% |
| Financial charges | 65/66B | €172 | €239 | +€67 | +39.1% |
| Recurring financial charges | 65 | €172 | €239 | +€67 | +39.1% |
| Profit (loss) for the period before taxes | 9903 | €45,698 | €46,183 | +€485 | +1.1% |
| Income taxes | 67/77 | €11,529 | €11,411 | -€118 | -1.0% |
| Profit (loss) for the period | 9904 | €34,169 | €34,772 | +€603 | +1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €34,169 | €34,772 | +€603 | +1.8% |
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 23 October 2026 via checked.be.