ROYAL EQUIPMENT: 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.
What changed
ROYAL EQUIPMENT
NACE 46.711, Wholesale of cars and light vans (up to 3.5 tonnes)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€11,022
2024 · €98,499-€87,477
Equity
€965,654
2024 · €954,632+€11,022
Cash
€9,190
2024 · €28,143-€18,952
Balance sheet total
€2.7m
2024 · €2.4m+€290,848
Largest movements
Assets
- Receivables within one year +€398,380
up €398,380 (+116%), from €342,902 to €741,283
of which Trade receivables: +€403,852
- Tangible fixed assets -€50,623
down €50,623 (-17.5%), from €288,781 to €238,158
- Stocks and contracts -€37,958
down €37,958 (-2.1%), from €1.8m to €1.7m
Equity and liabilities
- Debts after one year +€198,666
up €198,666 (+1,533%), from €12,961 to €211,627
- Trade debts +€138,057
up €138,057 (+62.7%), from €220,237 to €358,294
- Current portion of long-term debt -€83,000
down €83,000 (-19.9%), from €418,000 to €335,000
Income statement
- Gross operating margin -€112,446
down €112,446 (-41.3%), from €272,120 to €159,675
- Taxes -€24,476
down €24,476 (-83.8%), from €29,202 to €4,727
- Staff costs +€3,882
up €3,882 (+7.8%), from €50,068 to €53,950
- Financial charges -€3,273
down €3,273 (-10.5%), from €31,281 to €28,008
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.
Result 2024
€98,499
Gross operating margin
-€112,446
Staff costs
-€3,882
Depreciation
+€436
Other operating charges
+€939
Other operating items
-€245
Financial income
-€28
Financial charges
+€3,273
Taxes
+€24,476
Result 2025
€11,022
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
-€133,618
Investment
-€1,000
Financing
+€115,666
Cash 2024
€28,143
From operations (derived)
-€133,618
Net result for the year
+€11,022
Depreciation
+€51,623
Stocks and contracts
+€37,958
Receivables within one year
-€398,380
Trade debts
+€138,057
Tax, wage and social debts
+€10,150
Other debts
+€15,953
Investment (derived)
-€1,000
Investment in fixed assets (net)
-€1,000
Financing
+€115,666
Debts after one year
+€198,666
Current portion of long-term debt
-€83,000
Cash 2025
€9,190
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,443,195 | €2,734,043 | +€290,848 | +11.9% |
| Fixed assets | 21/28 | €290,743 | €240,121 | -€50,623 | -17.4% |
| Tangible fixed assets | 22/27 | €288,781 | €238,158 | -€50,623 | -17.5% |
| Land and buildings | 22 | €239,677 | €218,287 | -€21,390 | -8.9% |
| Plant, machinery and equipment | 23 | €25,179 | €12,414 | -€12,764 | -50.7% |
| Furniture and vehicles | 24 | €18,887 | €3,036 | -€15,851 | -83.9% |
| Other tangible fixed assets | 26 | €5,038 | €4,421 | -€617 | -12.2% |
| Financial fixed assets | 28 | €1,962 | €1,962 | = | 0.0% |
| Current assets | 29/58 | €2,152,452 | €2,493,922 | +€341,470 | +15.9% |
| Stocks and contracts in progress | 3 | €1,781,407 | €1,743,449 | -€37,958 | -2.1% |
| Stocks | 30/36 | €1,781,407 | €1,743,449 | -€37,958 | -2.1% |
| Amounts receivable within one year | 40/41 | €342,902 | €741,283 | +€398,380 | +116% |
| Trade receivables | 40 | €284,523 | €688,375 | +€403,852 | +142% |
| Other amounts receivable | 41 | €58,379 | €52,907 | -€5,472 | -9.4% |
| Cash at bank and in hand | 54/58 | €28,143 | €9,190 | -€18,952 | -67.3% |
| Total equity and liabilities | 10/49 | €2,443,195 | €2,734,043 | +€290,848 | +11.9% |
| Equity | 10/15 | €954,632 | €965,654 | +€11,022 | +1.2% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €880,264 | €891,286 | +€11,022 | +1.3% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,437 | €7,437 | = | 0.0% |
| Distributable reserves | 133 | €872,827 | €883,849 | +€11,022 | +1.3% |
| Amounts payable | 17/49 | €1,488,563 | €1,768,389 | +€279,826 | +18.8% |
| Amounts payable after more than one year | 17 | €12,961 | €211,627 | +€198,666 | +1,533% |
| Financial debts | 170/4 | €12,961 | €211,627 | +€198,666 | +1,533% |
| Amounts payable within one year | 42/48 | €1,475,602 | €1,556,762 | +€81,160 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €418,000 | €335,000 | -€83,000 | -19.9% |
| Trade debts | 44 | €220,237 | €358,294 | +€138,057 | +62.7% |
| Suppliers | 440/4 | €220,237 | €358,294 | +€138,057 | +62.7% |
| Taxes, remuneration and social security | 45 | €338,098 | €348,248 | +€10,150 | +3.0% |
| Taxes | 450/3 | €33,630 | €9,580 | -€24,050 | -71.5% |
| Remuneration and social security | 454/9 | €304,468 | €338,668 | +€34,200 | +11.2% |
| Other amounts payable | 47/48 | €499,267 | €515,220 | +€15,953 | +3.2% |
| Non-recurring operating income | 76A | €35,712 | - | -€35,712 | |
| Remuneration, social security and pensions | 62 | €50,068 | €53,950 | +€3,882 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,059 | €51,623 | -€436 | -0.8% |
| Other operating charges | 640/8 | €10,920 | €9,981 | -€939 | -8.6% |
| Non-recurring operating charges | 66A | €119 | €364 | +€245 | +206% |
| Gross operating margin | 9900 | €272,120 | €159,675 | -€112,446 | -41.3% |
| Operating profit (loss) | 9901 | €158,955 | €43,756 | -€115,198 | -72.5% |
| Financial income | 75/76B | €29 | €0 | -€28 | -98.8% |
| Recurring financial income | 75 | €29 | €0 | -€28 | -98.8% |
| Financial charges | 65/66B | €31,281 | €28,008 | -€3,273 | -10.5% |
| Recurring financial charges | 65 | €31,281 | €28,008 | -€3,273 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €127,702 | €15,749 | -€111,953 | -87.7% |
| Income taxes | 67/77 | €29,202 | €4,727 | -€24,476 | -83.8% |
| Profit (loss) for the period | 9904 | €98,499 | €11,022 | -€87,477 | -88.8% |
| Profit (loss) for the period to be appropriated | 9905 | €98,499 | €11,022 | -€87,477 | -88.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.