ROYAL C: 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 C
Largest movements
- Stocks and contracts +€57,283
up €57,283 (+12.9%), from €443,142 to €500,424
- Tangible fixed assets -€54,083
down €54,083 (-4.2%), from €1.3m to €1.2m
of which Land and buildings: -€49,699
- Other debts +€162,654
up €162,654 (+20.4%), from €796,162 to €958,816
- Debts after one year -€85,000
down €85,000 (-37.5%), from €226,667 to €141,667
- Trade debts -€78,354
down €78,354 (-93.8%), from €83,535 to €5,181
- Depreciation -€18,124
down €18,124 (-22.0%), from €82,518 to €64,394
- Gross operating margin +€7,902
up €7,902 (+6.0%), from €132,363 to €140,265
- Financial income +€6,473
up €6,473 (+65.3%), from €9,914 to €16,387
- Financial charges -€3,204
down €3,204 (-5.5%), from €58,773 to €55,569
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 | €3,114,471 | €3,112,306 | -€2,164 | -0.1% |
| Fixed assets | 21/28 | €2,048,023 | €1,993,940 | -€54,083 | -2.6% |
| Tangible fixed assets | 22/27 | €1,293,490 | €1,239,407 | -€54,083 | -4.2% |
| Land and buildings | 22 | €1,289,106 | €1,239,407 | -€49,699 | -3.9% |
| Furniture and vehicles | 24 | €4,384 | €0 | -€4,384 | -100.0% |
| Financial fixed assets | 28 | €754,533 | €754,533 | = | 0.0% |
| Current assets | 29/58 | €1,066,448 | €1,118,367 | +€51,919 | +4.9% |
| Stocks and contracts in progress | 3 | €443,142 | €500,424 | +€57,283 | +12.9% |
| Stocks | 30/36 | €443,142 | €500,424 | +€57,283 | +12.9% |
| Amounts receivable within one year | 40/41 | €539,900 | €536,134 | -€3,766 | -0.7% |
| Trade receivables | 40 | - | €3,325 | +€3,325 | |
| Other amounts receivable | 41 | €539,900 | €532,809 | -€7,091 | -1.3% |
| Cash at bank and in hand | 54/58 | €46,051 | €37,492 | -€8,559 | -18.6% |
| Deferred charges and accrued income | 490/1 | €37,355 | €44,316 | +€6,962 | +18.6% |
| Total equity and liabilities | 10/49 | €3,114,471 | €3,112,306 | -€2,164 | -0.1% |
| Equity | 10/15 | €1,683,245 | €1,679,411 | -€3,834 | -0.2% |
| Contributions | 10/11 | €1,106,000 | €1,106,000 | = | 0.0% |
| Capital | 10 | €1,106,000 | €1,106,000 | = | 0.0% |
| Issued capital | 100 | €1,106,000 | €1,106,000 | = | 0.0% |
| Reserves | 13 | €615,760 | €615,760 | = | 0.0% |
| Non-distributable reserves | 130/1 | €36,550 | €36,550 | = | 0.0% |
| Legal reserve | 130 | €36,550 | €36,550 | = | 0.0% |
| Distributable reserves | 133 | €579,210 | €579,210 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,514 | -€42,349 | -€3,834 | -10.0% |
| Amounts payable | 17/49 | €1,431,225 | €1,432,896 | +€1,670 | +0.1% |
| Amounts payable after more than one year | 17 | €226,667 | €141,667 | -€85,000 | -37.5% |
| Financial debts | 170/4 | €226,667 | €141,667 | -€85,000 | -37.5% |
| Amounts payable within one year | 42/48 | €1,164,696 | €1,248,997 | +€84,300 | +7.2% |
| Current portion of amounts payable after more than one year | 42 | €85,000 | €85,000 | = | 0.0% |
| Financial debts | 43 | €200,000 | €200,000 | = | 0.0% |
| Credit institutions | 430/8 | €200,000 | €200,000 | = | 0.0% |
| Trade debts | 44 | €83,535 | €5,181 | -€78,354 | -93.8% |
| Suppliers | 440/4 | €83,535 | €5,181 | -€78,354 | -93.8% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €796,162 | €958,816 | +€162,654 | +20.4% |
| Accrued charges and deferred income | 492/3 | €39,862 | €42,232 | +€2,370 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,518 | €64,394 | -€18,124 | -22.0% |
| Other operating charges | 640/8 | €39,421 | €40,486 | +€1,064 | +2.7% |
| Gross operating margin | 9900 | €132,363 | €140,265 | +€7,902 | +6.0% |
| Operating profit (loss) | 9901 | €10,423 | €35,385 | +€24,962 | +239.5% |
| Financial income | 75/76B | €9,914 | €16,387 | +€6,473 | +65.3% |
| Recurring financial income | 75 | €9,914 | €16,387 | +€6,473 | +65.3% |
| Financial charges | 65/66B | €58,773 | €55,569 | -€3,204 | -5.5% |
| Recurring financial charges | 65 | €58,773 | €55,569 | -€3,204 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | -€38,436 | -€3,797 | +€34,639 | +90.1% |
| Income taxes | 67/77 | €79 | €37 | -€41 | -52.4% |
| Profit (loss) for the period | 9904 | -€38,514 | -€3,834 | +€34,680 | +90.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,514 | -€3,834 | +€34,680 | +90.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.