ROYAL & CO: 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 & CO
Largest movements
- Cash +€15,089
up €15,089 (+68.1%), from €22,173 to €37,263
mainly Net result for the year (+€29,920) and Other debts (+€25,055)
- Stocks and contracts +€14,500
up €14,500 (+20.7%), from €69,980 to €84,480
- Tangible fixed assets -€6,978
down €6,978 (-4.5%), from €154,012 to €147,034
of which Furniture and vehicles: -€3,783
- Receivables within one year +€4,299
up €4,299 (+60.0%), from €7,171 to €11,470
of which Other amounts receivable: +€4,983
- Other debts +€25,055
new in 2025: €25,055
- Debts after one year -€14,532
down €14,532 (-14.6%), from €99,603 to €85,072
- Trade debts +€13,410
up €13,410 (+59.1%), from €22,673 to €36,082
- Tax, wage and social debts -€6,043
down €6,043 (-29.3%), from €20,652 to €14,609
of which Taxes: -€5,758
- Profit (loss) carried forward +€4,920
up €4,920 (+6.3%), from €77,853 to €82,773
- Taxes -€16,171
down €16,171 (-78.8%), from €20,510 to €4,340
- Gross operating margin +€15,615
up €15,615 (+30.3%), from €51,592 to €67,207
- Other operating charges +€3,041
up €3,041 (+30.8%), from €9,874 to €12,915
- Depreciation -€2,207
down €2,207 (-14.8%), from €14,923 to €12,716
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 | €256,563 | €280,520 | +€23,957 | +9.3% |
| Fixed assets | 21/28 | €155,919 | €147,034 | -€8,885 | -5.7% |
| Intangible fixed assets | 21 | €1,907 | €0 | -€1,907 | -100.0% |
| Tangible fixed assets | 22/27 | €154,012 | €147,034 | -€6,978 | -4.5% |
| Land and buildings | 22 | €126,831 | €123,908 | -€2,923 | -2.3% |
| Plant, machinery and equipment | 23 | €404 | €132 | -€271 | -67.2% |
| Furniture and vehicles | 24 | €26,778 | €22,994 | -€3,783 | -14.1% |
| Current assets | 29/58 | €100,644 | €133,486 | +€32,842 | +32.6% |
| Stocks and contracts in progress | 3 | €69,980 | €84,480 | +€14,500 | +20.7% |
| Stocks | 30/36 | €69,980 | €84,480 | +€14,500 | +20.7% |
| Amounts receivable within one year | 40/41 | €7,171 | €11,470 | +€4,299 | +60.0% |
| Trade receivables | 40 | €684 | - | -€684 | |
| Other amounts receivable | 41 | €6,487 | €11,470 | +€4,983 | +76.8% |
| Cash at bank and in hand | 54/58 | €22,173 | €37,263 | +€15,089 | +68.1% |
| Deferred charges and accrued income | 490/1 | €1,320 | €273 | -€1,047 | -79.3% |
| Total equity and liabilities | 10/49 | €256,563 | €280,520 | +€23,957 | +9.3% |
| Equity | 10/15 | €98,313 | €103,233 | +€4,920 | +5.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,853 | €82,773 | +€4,920 | +6.3% |
| Amounts payable | 17/49 | €158,250 | €177,287 | +€19,037 | +12.0% |
| Amounts payable after more than one year | 17 | €99,603 | €85,072 | -€14,532 | -14.6% |
| Financial debts | 170/4 | €99,603 | €85,072 | -€14,532 | -14.6% |
| Amounts payable within one year | 42/48 | €58,647 | €91,225 | +€32,578 | +55.6% |
| Current portion of amounts payable after more than one year | 42 | €15,322 | €15,478 | +€156 | +1.0% |
| Trade debts | 44 | €22,673 | €36,082 | +€13,410 | +59.1% |
| Suppliers | 440/4 | €22,673 | €36,082 | +€13,410 | +59.1% |
| Taxes, remuneration and social security | 45 | €20,652 | €14,609 | -€6,043 | -29.3% |
| Taxes | 450/3 | €20,367 | €14,609 | -€5,758 | -28.3% |
| Remuneration and social security | 454/9 | €285 | - | -€285 | |
| Other amounts payable | 47/48 | - | €25,055 | +€25,055 | |
| Accrued charges and deferred income | 492/3 | - | €990 | +€990 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,923 | €12,716 | -€2,207 | -14.8% |
| Other operating charges | 640/8 | €9,874 | €12,915 | +€3,041 | +30.8% |
| Gross operating margin | 9900 | €51,592 | €67,207 | +€15,615 | +30.3% |
| Operating profit (loss) | 9901 | €26,795 | €41,576 | +€14,781 | +55.2% |
| Financial charges | 65/66B | €7,065 | €7,316 | +€252 | +3.6% |
| Recurring financial charges | 65 | €7,065 | €7,316 | +€252 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €19,731 | €34,260 | +€14,529 | +73.6% |
| Income taxes | 67/77 | €20,510 | €4,340 | -€16,171 | -78.8% |
| Profit (loss) for the period | 9904 | -€780 | €29,920 | +€30,700 | |
| Profit (loss) for the period to be appropriated | 9905 | -€780 | €29,920 | +€30,700 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.