ROYAL: 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.
ROYAL
Largest movements
- Cash +€4,779
up €4,779 (+31.6%), from €15,115 to €19,894
mainly Other debts (+€2,706) and Net result for the year (+€1,938)
- Stocks and contracts -€410
down €410 (-49.4%), from €830 to €420
- Receivables within one year -€239
down €239 (-73.3%), from €326 to €87
- Other debts +€2,706
up €2,706 (+7.0%), from €38,851 to €41,557
- Profit (loss) carried forward +€1,938
up €1,938 (+4.4%), from -€44,034 to -€42,096
- Trade debts -€1,136
down €1,136 (-45.4%), from €2,500 to €1,364
- Tax, wage and social debts +€446
new in 2025: €446
- Gross operating margin -€11,033
down €11,033 (-81.0%), from €13,629 to €2,596
- Other operating charges -€505
down €505 (-55.8%), from €905 to €400
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 | €17,327 | €21,281 | +€3,954 | +22.8% |
| Fixed assets | 21/28 | €1,056 | €880 | -€176 | -16.7% |
| Tangible fixed assets | 22/27 | €1,056 | €880 | -€176 | -16.7% |
| Plant, machinery and equipment | 23 | €1,056 | €880 | -€176 | -16.7% |
| Current assets | 29/58 | €16,271 | €20,401 | +€4,130 | +25.4% |
| Stocks and contracts in progress | 3 | €830 | €420 | -€410 | -49.4% |
| Stocks | 30/36 | €830 | €420 | -€410 | -49.4% |
| Amounts receivable within one year | 40/41 | €326 | €87 | -€239 | -73.3% |
| Other amounts receivable | 41 | €326 | €87 | -€239 | -73.3% |
| Cash at bank and in hand | 54/58 | €15,115 | €19,894 | +€4,779 | +31.6% |
| Total equity and liabilities | 10/49 | €17,327 | €21,281 | +€3,954 | +22.8% |
| Equity | 10/15 | -€24,024 | -€22,086 | +€1,938 | +8.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €10 | €10 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10 | €10 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10 | €10 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,034 | -€42,096 | +€1,938 | +4.4% |
| Amounts payable | 17/49 | €41,351 | €43,367 | +€2,016 | +4.9% |
| Amounts payable within one year | 42/48 | €41,351 | €43,367 | +€2,016 | +4.9% |
| Trade debts | 44 | €2,500 | €1,364 | -€1,136 | -45.4% |
| Suppliers | 440/4 | €2,500 | €1,364 | -€1,136 | -45.4% |
| Taxes, remuneration and social security | 45 | - | €446 | +€446 | |
| Taxes | 450/3 | - | €446 | +€446 | |
| Other amounts payable | 47/48 | €38,851 | €41,557 | +€2,706 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €176 | €176 | = | 0.0% |
| Other operating charges | 640/8 | €905 | €400 | -€505 | -55.8% |
| Gross operating margin | 9900 | €13,629 | €2,596 | -€11,033 | -81.0% |
| Operating profit (loss) | 9901 | €12,548 | €2,020 | -€10,528 | -83.9% |
| Financial charges | 65/66B | €90 | €82 | -€8 | -8.9% |
| Recurring financial charges | 65 | €90 | €82 | -€8 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €12,458 | €1,938 | -€10,520 | -84.4% |
| Profit (loss) for the period | 9904 | €12,458 | €1,938 | -€10,520 | -84.4% |
| Profit (loss) for the period to be appropriated | 9905 | €12,458 | €1,938 | -€10,520 | -84.4% |
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 30 September 2026 via checked.be.