ROYAL CAR SERVICES: 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 CAR SERVICES
Largest movements
- Receivables within one year -€11,242
down €11,242 (-23.5%), from €47,894 to €36,652
of which Trade receivables: -€30,536
- Tangible fixed assets -€2,339
down €2,339 (-34.9%), from €6,697 to €4,358
of which Plant, machinery and equipment: -€1,425
- Deferred charges and accrued income +€1,263
up €1,263 (+220.8%), from €572 to €1,835
- Trade debts -€14,969
down €14,969 (-50.7%), from €29,523 to €14,554
- Advances received -€9,865
no longer reported in 2025 (was €9,865)
- Debts after one year +€6,257
up €6,257 (+19.8%), from €31,563 to €37,820
- Other debts +€5,700
new in 2025: €5,700
- Tax, wage and social debts -€4,401
down €4,401 (-45.6%), from €9,643 to €5,242
of which Taxes: -€4,296
- Gross operating margin +€19,688
up €19,688 (+101.3%), from €19,430 to €39,118
- Staff costs +€17,639
up €17,639 (+116.9%), from €15,092 to €32,731
- Depreciation -€1,289
down €1,289 (-35.5%), from €3,629 to €2,339
- Other operating charges -€784
down €784 (-39.0%), from €2,014 to €1,229
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 | €66,118 | €53,649 | -€12,469 | -18.9% |
| Fixed assets | 21/28 | €6,697 | €4,358 | -€2,339 | -34.9% |
| Tangible fixed assets | 22/27 | €6,697 | €4,358 | -€2,339 | -34.9% |
| Plant, machinery and equipment | 23 | €4,179 | €2,753 | -€1,425 | -34.1% |
| Furniture and vehicles | 24 | €2,518 | €1,604 | -€914 | -36.3% |
| Current assets | 29/58 | €59,421 | €49,292 | -€10,130 | -17.0% |
| Stocks and contracts in progress | 3 | €8,361 | €7,828 | -€534 | -6.4% |
| Stocks | 30/36 | €8,361 | €7,828 | -€534 | -6.4% |
| Amounts receivable within one year | 40/41 | €47,894 | €36,652 | -€11,242 | -23.5% |
| Trade receivables | 40 | €42,797 | €12,262 | -€30,536 | -71.3% |
| Other amounts receivable | 41 | €5,097 | €24,390 | +€19,294 | +378.5% |
| Cash at bank and in hand | 54/58 | €2,594 | €2,977 | +€383 | +14.8% |
| Deferred charges and accrued income | 490/1 | €572 | €1,835 | +€1,263 | +220.8% |
| Total equity and liabilities | 10/49 | €66,118 | €53,649 | -€12,469 | -18.9% |
| Equity | 10/15 | -€18,160 | -€16,057 | +€2,103 | +11.6% |
| Contributions | 10/11 | €17,000 | €17,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,160 | -€33,057 | +€2,103 | +6.0% |
| Amounts payable | 17/49 | €84,278 | €69,706 | -€14,572 | -17.3% |
| Amounts payable after more than one year | 17 | €31,563 | €37,820 | +€6,257 | +19.8% |
| Financial debts | 170/4 | €31,563 | €37,820 | +€6,257 | +19.8% |
| Amounts payable within one year | 42/48 | €52,715 | €29,239 | -€23,476 | -44.5% |
| Current portion of amounts payable after more than one year | 42 | €3,684 | €3,743 | +€60 | +1.6% |
| Trade debts | 44 | €29,523 | €14,554 | -€14,969 | -50.7% |
| Suppliers | 440/4 | €29,523 | €14,554 | -€14,969 | -50.7% |
| Advances received on contracts in progress | 46 | €9,865 | - | -€9,865 | |
| Taxes, remuneration and social security | 45 | €9,643 | €5,242 | -€4,401 | -45.6% |
| Taxes | 450/3 | €7,317 | €3,021 | -€4,296 | -58.7% |
| Remuneration and social security | 454/9 | €2,326 | €2,221 | -€105 | -4.5% |
| Other amounts payable | 47/48 | - | €5,700 | +€5,700 | |
| Accrued charges and deferred income | 492/3 | - | €2,647 | +€2,647 | |
| Remuneration, social security and pensions | 62 | €15,092 | €32,731 | +€17,639 | +116.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,629 | €2,339 | -€1,289 | -35.5% |
| Other operating charges | 640/8 | €2,014 | €1,229 | -€784 | -39.0% |
| Gross operating margin | 9900 | €19,430 | €39,118 | +€19,688 | +101.3% |
| Operating profit (loss) | 9901 | -€1,305 | €2,818 | +€4,123 | |
| Financial income | 75/76B | €119 | €63 | -€56 | -47.3% |
| Recurring financial income | 75 | €119 | €63 | -€56 | -47.3% |
| Financial charges | 65/66B | €651 | €923 | +€273 | +41.9% |
| Recurring financial charges | 65 | €651 | €923 | +€273 | +41.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,837 | €1,958 | +€3,794 | |
| Income taxes | 67/77 | - | -€145 | -€145 | |
| Profit (loss) for the period | 9904 | -€1,837 | €2,103 | +€3,939 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,837 | €2,103 | +€3,939 |
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 28 September 2026 via checked.be.