ROYAL DELICE: 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 DELICE
Largest movements
- Cash +€37,328
up €37,328 (+16.9%), from €221,240 to €258,569
mainly Net result for the year (+€63,028) and Depreciation (+€44,119)
- Receivables within one year -€35,233
down €35,233 (-16.2%), from €217,257 to €182,024
of which Trade receivables: -€36,178
- Tangible fixed assets -€31,942
down €31,942 (-4.2%), from €761,952 to €730,010
of which Furniture and vehicles: -€21,051
- Stocks and contracts +€15,525
up €15,525 (+12.3%), from €125,850 to €141,375
- Trade debts -€63,974
down €63,974 (-77.3%), from €82,774 to €18,801
- Reserves +€63,028
up €63,028 (+19.9%), from €316,105 to €379,134
of which Tax-exempt reserves: +€45,020
- Debts after one year -€31,641
down €31,641 (-10.1%), from €313,076 to €281,435
- Other debts +€31,595
up €31,595 (+10.2%), from €309,284 to €340,880
- Tax, wage and social debts -€24,176
down €24,176 (-52.0%), from €46,476 to €22,300
of which Remuneration and social security: -€33,555
- Gross operating margin +€68,560
up €68,560 (+104%), from €66,173 to €134,733
- Turnover +€45,092
new in 2024: €45,092
- Depreciation +€21,005
up €21,005 (+90.9%), from €23,114 to €44,119
- Purchases and services -€9,362
down €9,362 (-9.9%), from €94,494 to €85,132
- Taxes -€5,301
down €5,301 (-36.1%), from €14,679 to €9,379
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,326,460 | €1,312,138 | -€14,322 | -1.1% |
| Fixed assets | 21/28 | €762,112 | €730,170 | -€31,942 | -4.2% |
| Tangible fixed assets | 22/27 | €761,952 | €730,010 | -€31,942 | -4.2% |
| Land and buildings | 22 | €613,714 | €607,770 | -€5,945 | -1.0% |
| Plant, machinery and equipment | 23 | €18,811 | €13,865 | -€4,946 | -26.3% |
| Furniture and vehicles | 24 | €129,426 | €108,374 | -€21,051 | -16.3% |
| Financial fixed assets | 28 | €161 | €161 | = | 0.0% |
| Current assets | 29/58 | €564,348 | €581,968 | +€17,620 | +3.1% |
| Stocks and contracts in progress | 3 | €125,850 | €141,375 | +€15,525 | +12.3% |
| Stocks | 30/36 | €125,850 | €141,375 | +€15,525 | +12.3% |
| Amounts receivable within one year | 40/41 | €217,257 | €182,024 | -€35,233 | -16.2% |
| Trade receivables | 40 | €143,414 | €107,236 | -€36,178 | -25.2% |
| Other amounts receivable | 41 | €73,843 | €74,788 | +€945 | +1.3% |
| Cash at bank and in hand | 54/58 | €221,240 | €258,569 | +€37,328 | +16.9% |
| Total equity and liabilities | 10/49 | €1,326,460 | €1,312,138 | -€14,322 | -1.1% |
| Equity | 10/15 | €482,434 | €545,463 | +€63,028 | +13.1% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €316,105 | €379,134 | +€63,028 | +19.9% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €180,204 | €225,225 | +€45,020 | +25.0% |
| Distributable reserves | 133 | €120,901 | €138,909 | +€18,008 | +14.9% |
| Profit (loss) carried forward | 14 | €16,329 | €16,329 | = | 0.0% |
| Provisions and deferred taxes | 16 | €60,068 | €71,619 | +€11,551 | +19.2% |
| Deferred taxes | 168 | €60,068 | €71,619 | +€11,551 | +19.2% |
| Amounts payable | 17/49 | €783,958 | €695,056 | -€88,901 | -11.3% |
| Amounts payable after more than one year | 17 | €313,076 | €281,435 | -€31,641 | -10.1% |
| Financial debts | 170/4 | €313,076 | €281,435 | -€31,641 | -10.1% |
| Amounts payable within one year | 42/48 | €470,882 | €413,622 | -€57,260 | -12.2% |
| Current portion of amounts payable after more than one year | 42 | €32,347 | €31,641 | -€705 | -2.2% |
| Trade debts | 44 | €82,774 | €18,801 | -€63,974 | -77.3% |
| Suppliers | 440/4 | €82,774 | €18,801 | -€63,974 | -77.3% |
| Taxes, remuneration and social security | 45 | €46,476 | €22,300 | -€24,176 | -52.0% |
| Taxes | 450/3 | €12,921 | €22,300 | +€9,379 | +72.6% |
| Remuneration and social security | 454/9 | €33,555 | €0 | -€33,555 | -100% |
| Other amounts payable | 47/48 | €309,284 | €340,880 | +€31,595 | +10.2% |
| Turnover | 70 | - | €45,092 | +€45,092 | |
| Goods, raw materials, services and sundry goods | 60/61 | €94,494 | €85,132 | -€9,362 | -9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,114 | €44,119 | +€21,005 | +90.9% |
| Other operating charges | 640/8 | €4,385 | €3,593 | -€792 | -18.1% |
| Non-recurring operating charges | 66A | - | €422 | +€422 | |
| Gross operating margin | 9900 | €66,173 | €134,733 | +€68,560 | +104% |
| Operating profit (loss) | 9901 | €38,674 | €86,598 | +€47,924 | +124% |
| Financial income | 75/76B | €13 | €1,283 | +€1,271 | +9,919% |
| Recurring financial income | 75 | €13 | €1,283 | +€1,271 | +9,919% |
| Financial charges | 65/66B | €1,926 | €3,923 | +€1,998 | +104% |
| Recurring financial charges | 65 | €1,926 | €3,923 | +€1,998 | +104% |
| Profit (loss) for the period before taxes | 9903 | €36,761 | €83,958 | +€47,197 | +128% |
| Transfer from deferred taxes | 780 | €2,271 | €5,727 | +€3,456 | +152% |
| Transfer to deferred taxes | 680 | - | €17,278 | +€17,278 | |
| Income taxes | 67/77 | €14,679 | €9,379 | -€5,301 | -36.1% |
| Profit (loss) for the period | 9904 | €24,353 | €63,028 | +€38,676 | +159% |
| Transfer from tax-exempt reserves | 789 | €6,814 | €6,814 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | - | €51,834 | +€51,834 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,166 | €18,008 | -€13,158 | -42.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.