ROYAL 55: 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 55
Largest movements
- Receivables after one year +€105,000
up €105,000 (+115%), from €91,000 to €196,000
- Cash -€52,846
down €52,846 (-53.2%), from €99,301 to €46,455
mainly Receivables after one year (-€105,000) and Deferred charges and accrued income (-€639)
- Tangible fixed assets -€12,460
down €12,460 (-9.9%), from €125,754 to €113,294
of which Furniture and vehicles: -€6,906
- Stocks and contracts -€7,912
no longer reported in 2025 (was €7,912)
- Profit (loss) carried forward +€24,143
up €24,143 (+8.6%), from €280,028 to €304,171
- Tax, wage and social debts +€7,884
up €7,884 (+49.2%), from €16,033 to €23,917
- Gross operating margin +€6,006
up €6,006 (+13.1%), from €45,881 to €51,887
- Taxes +€2,147
up €2,147 (+24.4%), from €8,807 to €10,954
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €327,056 | €358,797 | +€31,741 | +9.7% |
| Fixed assets | 21/28 | €125,754 | €113,294 | -€12,460 | -9.9% |
| Tangible fixed assets | 22/27 | €125,754 | €113,294 | -€12,460 | -9.9% |
| Land and buildings | 22 | €105,054 | €99,500 | -€5,554 | -5.3% |
| Furniture and vehicles | 24 | €20,700 | €13,794 | -€6,906 | -33.4% |
| Current assets | 29/58 | €201,302 | €245,504 | +€44,201 | +22.0% |
| Amounts receivable after more than one year | 29 | €91,000 | €196,000 | +€105,000 | +115% |
| Other amounts receivable | 291 | €91,000 | €196,000 | +€105,000 | +115% |
| Stocks and contracts in progress | 3 | €7,912 | - | -€7,912 | |
| Stocks | 30/36 | €7,912 | - | -€7,912 | |
| Amounts receivable within one year | 40/41 | €3,090 | €2,409 | -€680 | -22.0% |
| Trade receivables | 40 | - | €778 | +€778 | |
| Other amounts receivable | 41 | €3,090 | €1,632 | -€1,458 | -47.2% |
| Cash at bank and in hand | 54/58 | €99,301 | €46,455 | -€52,846 | -53.2% |
| Deferred charges and accrued income | 490/1 | - | €639 | +€639 | |
| Total equity and liabilities | 10/49 | €327,056 | €358,797 | +€31,741 | +9.7% |
| Equity | 10/15 | €305,278 | €329,421 | +€24,143 | +7.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,650 | €6,650 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,650 | €6,650 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,650 | €6,650 | = | 0.0% |
| Profit (loss) carried forward | 14 | €280,028 | €304,171 | +€24,143 | +8.6% |
| Amounts payable | 17/49 | €21,778 | €29,376 | +€7,598 | +34.9% |
| Amounts payable within one year | 42/48 | €21,778 | €29,376 | +€7,598 | +34.9% |
| Trade debts | 44 | €1,217 | €932 | -€285 | -23.4% |
| Suppliers | 440/4 | €1,217 | €932 | -€285 | -23.4% |
| Taxes, remuneration and social security | 45 | €16,033 | €23,917 | +€7,884 | +49.2% |
| Taxes | 450/3 | €16,033 | €23,917 | +€7,884 | +49.2% |
| Other amounts payable | 47/48 | €4,527 | €4,527 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,545 | €12,460 | -€85 | -0.7% |
| Other operating charges | 640/8 | €4,587 | €4,204 | -€384 | -8.4% |
| Gross operating margin | 9900 | €45,881 | €51,887 | +€6,006 | +13.1% |
| Operating profit (loss) | 9901 | €28,748 | €35,223 | +€6,475 | +22.5% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €139 | €127 | -€12 | -8.6% |
| Recurring financial charges | 65 | €139 | €127 | -€12 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €28,610 | €35,097 | +€6,487 | +22.7% |
| Income taxes | 67/77 | €8,807 | €10,954 | +€2,147 | +24.4% |
| Profit (loss) for the period | 9904 | €19,803 | €24,143 | +€4,340 | +21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,803 | €24,143 | +€4,340 | +21.9% |
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 24 October 2026 via checked.be.