ROYAL BRAND: what changed
ROYAL BRAND
Largest movements
- Tangible fixed assets -€77,917
no longer reported in 2024 (was €77,917)
of which Plant, machinery and equipment: -€45,515
- Receivables within one year -€36,364
down €36,364 (-99.4%), from €36,590 to €225
of which Trade receivables: -€36,590
- Cash +€26,165
up €26,165 (+55.1%), from €47,507 to €73,672
mainly Investment in fixed assets (net) (+€77,917) and Other debts (+€40,818)
- Reserves -€41,860
no longer reported in 2024 (was €41,860)
of which Distributable reserves: -€40,000
- Other debts +€40,818
up €40,818 (+3,639%), from €1,122 to €41,940
- Current portion of long-term debt -€38,302
no longer reported in 2024 (was €38,302)
- Debts after one year -€34,570
no longer reported in 2024 (was €34,570)
- Trade debts -€15,882
no longer reported in 2024 (was €15,882)
- Gross operating margin -€44,547
down €44,547 (-37.3%), from €119,518 to €74,971
- Depreciation -€24,676
no longer reported in 2024 (was €24,676)
- Staff costs -€21,242
down €21,242 (-32.5%), from €65,311 to €44,069
- Other operating charges +€7,401
new in 2024: €7,401
- Taxes -€2,609
down €2,609 (-29.4%), from €8,882 to €6,273
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €162,203 | €73,897 | -€88,306 | -54.4% |
| Fixed assets | 21/28 | €77,917 | - | -€77,917 | |
| Tangible fixed assets | 22/27 | €77,917 | - | -€77,917 | |
| Plant, machinery and equipment | 23 | €45,515 | - | -€45,515 | |
| Furniture and vehicles | 24 | €32,401 | - | -€32,401 | |
| Current assets | 29/58 | €84,286 | €73,897 | -€10,389 | -12.3% |
| Stocks and contracts in progress | 3 | €190 | - | -€190 | |
| Stocks | 30/36 | €190 | - | -€190 | |
| Amounts receivable within one year | 40/41 | €36,590 | €225 | -€36,364 | -99.4% |
| Trade receivables | 40 | €36,590 | - | -€36,590 | |
| Other amounts receivable | 41 | - | €225 | +€225 | |
| Cash at bank and in hand | 54/58 | €47,507 | €73,672 | +€26,165 | +55.1% |
| Total equity and liabilities | 10/49 | €162,203 | €73,897 | -€88,306 | -54.4% |
| Equity | 10/15 | €52,696 | €8,060 | -€44,636 | -84.7% |
| Contributions | 10/11 | €6,200 | €8,060 | +€1,860 | +30.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Contributions outside capital | 11 | - | €8,060 | +€8,060 | |
| Share premium | 1100/10 | - | €8,060 | +€8,060 | |
| Reserves | 13 | €41,860 | - | -€41,860 | |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €40,000 | - | -€40,000 | |
| Profit (loss) carried forward | 14 | €2,982 | - | -€2,982 | |
| Investment grants | 15 | €1,653 | - | -€1,653 | |
| Amounts payable | 17/49 | €109,507 | €65,837 | -€43,670 | -39.9% |
| Amounts payable after more than one year | 17 | €34,570 | - | -€34,570 | |
| Financial debts | 170/4 | €34,570 | - | -€34,570 | |
| Amounts payable within one year | 42/48 | €74,938 | €65,837 | -€9,101 | -12.1% |
| Current portion of amounts payable after more than one year | 42 | €38,302 | - | -€38,302 | |
| Trade debts | 44 | €15,882 | - | -€15,882 | |
| Suppliers | 440/4 | €15,882 | - | -€15,882 | |
| Taxes, remuneration and social security | 45 | €19,632 | €23,897 | +€4,265 | +21.7% |
| Taxes | 450/3 | €10,672 | €23,897 | +€13,225 | +124% |
| Remuneration and social security | 454/9 | €8,960 | - | -€8,960 | |
| Other amounts payable | 47/48 | €1,122 | €41,940 | +€40,818 | +3,639% |
| Remuneration, social security and pensions | 62 | €65,311 | €44,069 | -€21,242 | -32.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,676 | - | -€24,676 | |
| Other operating charges | 640/8 | - | €7,401 | +€7,401 | |
| Gross operating margin | 9900 | €119,518 | €74,971 | -€44,547 | -37.3% |
| Operating profit (loss) | 9901 | €29,531 | €23,501 | -€6,030 | -20.4% |
| Financial income | 75/76B | - | €245 | +€245 | |
| Recurring financial income | 75 | - | €245 | +€245 | |
| Financial charges | 65/66B | €1,336 | €1,707 | +€371 | +27.8% |
| Recurring financial charges | 65 | €1,336 | €1,707 | +€371 | +27.8% |
| Profit (loss) for the period before taxes | 9903 | €28,195 | €22,039 | -€6,157 | -21.8% |
| Income taxes | 67/77 | €8,882 | €6,273 | -€2,609 | -29.4% |
| Profit (loss) for the period | 9904 | €19,313 | €15,766 | -€3,547 | -18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,313 | €15,766 | -€3,547 | -18.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 30 June 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.