ROYAL: 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.
ROYAL
Largest movements
- Cash +€29,997
up €29,997 (+216.5%), from €13,854 to €43,851
mainly Net result for the year (+€15,083) and Trade debts (+€7,076)
- Receivables within one year +€1,621
up €1,621 (+348.9%), from €465 to €2,086
of which Trade receivables: +€1,876
- Stocks and contracts -€1,498
down €1,498 (-59.1%), from €2,535 to €1,037
- Deferred charges and accrued income -€1,400
no longer reported in 2025 (was €1,400)
- Profit (loss) carried forward +€15,083
up €15,083 (+1472.9%), from €1,024 to €16,107
- Trade debts +€7,076
up €7,076 (+106.0%), from €6,678 to €13,753
- Tax, wage and social debts +€4,570
up €4,570 (+164.5%), from €2,778 to €7,347
of which Taxes: +€4,570
- Other debts +€1,971
up €1,971 (+7.1%), from €27,777 to €29,747
- Gross operating margin +€17,991
up €17,991 (+433.7%), from €4,148 to €22,139
- Taxes +€3,923
up €3,923 (+1411.1%), from €278 to €4,201
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 | €38,257 | €66,955 | +€28,698 | +75.0% |
| Formation expenses | 20 | €82 | - | -€82 | |
| Fixed assets | 21/28 | €19,921 | €19,981 | +€60 | +0.3% |
| Tangible fixed assets | 22/27 | €19,921 | €19,981 | +€60 | +0.3% |
| Plant, machinery and equipment | 23 | €19,921 | €17,769 | -€2,152 | -10.8% |
| Furniture and vehicles | 24 | - | €2,211 | +€2,211 | |
| Current assets | 29/58 | €18,254 | €46,974 | +€28,721 | +157.3% |
| Stocks and contracts in progress | 3 | €2,535 | €1,037 | -€1,498 | -59.1% |
| Stocks | 30/36 | €2,535 | €1,037 | -€1,498 | -59.1% |
| Amounts receivable within one year | 40/41 | €465 | €2,086 | +€1,621 | +348.9% |
| Trade receivables | 40 | - | €1,876 | +€1,876 | |
| Other amounts receivable | 41 | €465 | €210 | -€254 | -54.7% |
| Cash at bank and in hand | 54/58 | €13,854 | €43,851 | +€29,997 | +216.5% |
| Deferred charges and accrued income | 490/1 | €1,400 | - | -€1,400 | |
| Total equity and liabilities | 10/49 | €38,257 | €66,955 | +€28,698 | +75.0% |
| Equity | 10/15 | €1,024 | €16,107 | +€15,083 | +1472.9% |
| Profit (loss) carried forward | 14 | €1,024 | €16,107 | +€15,083 | +1472.9% |
| Amounts payable | 17/49 | €37,233 | €50,848 | +€13,616 | +36.6% |
| Amounts payable within one year | 42/48 | €37,233 | €50,848 | +€13,616 | +36.6% |
| Trade debts | 44 | €6,678 | €13,753 | +€7,076 | +106.0% |
| Suppliers | 440/4 | €6,678 | €13,753 | +€7,076 | +106.0% |
| Taxes, remuneration and social security | 45 | €2,778 | €7,347 | +€4,570 | +164.5% |
| Taxes | 450/3 | €278 | €4,847 | +€4,570 | +1643.8% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €27,777 | €29,747 | +€1,971 | +7.1% |
| Remuneration, social security and pensions | 62 | €98 | - | -€98 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,664 | €2,501 | -€163 | -6.1% |
| Other operating charges | 640/8 | - | €165 | +€165 | |
| Gross operating margin | 9900 | €4,148 | €22,139 | +€17,991 | +433.7% |
| Operating profit (loss) | 9901 | €1,387 | €19,474 | +€18,087 | +1304.3% |
| Financial income | 75/76B | €3 | €9 | +€6 | +225.0% |
| Recurring financial income | 75 | €3 | €9 | +€6 | +225.0% |
| Financial charges | 65/66B | €87 | €199 | +€111 | +127.6% |
| Recurring financial charges | 65 | €87 | €199 | +€111 | +127.6% |
| Profit (loss) for the period before taxes | 9903 | €1,302 | €19,283 | +€17,981 | +1381.0% |
| Income taxes | 67/77 | €278 | €4,201 | +€3,923 | +1411.1% |
| Profit (loss) for the period | 9904 | €1,024 | €15,083 | +€14,059 | +1372.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,024 | €15,083 | +€14,059 | +1372.9% |
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 12 October 2026 via checked.be.