Royal Eren: 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 Eren
Largest movements
- Receivables within one year +€9,158
up €9,158 (+8,506%), from €108 to €9,266
of which Other amounts receivable: +€6,710
- Cash +€3,191
up €3,191 (+119%), from €2,680 to €5,871
mainly Net result for the year (+€10,003) and Depreciation (+€2,255)
- Tangible fixed assets -€1,953
down €1,953 (-26.6%), from €7,341 to €5,387
- Deferred charges and accrued income -€690
down €690 (-15.6%), from €4,409 to €3,719
- Profit (loss) carried forward +€10,003
up €10,003, from -€9,692 to €311
- Other debts -€3,732
no longer reported in 2025 (was €3,732)
- Tax, wage and social debts +€2,176
up €2,176 (+63.6%), from €3,421 to €5,597
of which Taxes: +€3,802
- Trade debts +€1,138
up €1,138 (+192%), from €593 to €1,731
- Gross operating margin -€34,502
down €34,502 (-61.8%), from €55,848 to €21,345
- Staff costs -€4,485
down €4,485 (-99.9%), from €4,488 to €3
- Taxes +€2,563
up €2,563 (+505%), from €507 to €3,071
- Other operating charges +€1,156
up €1,156 (+61.2%), from €1,889 to €3,045
- Financial charges +€663
up €663 (+43.2%), from €1,534 to €2,197
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,655 | €26,239 | +€9,584 | +57.5% |
| Fixed assets | 21/28 | €7,577 | €5,624 | -€1,953 | -25.8% |
| Tangible fixed assets | 22/27 | €7,341 | €5,387 | -€1,953 | -26.6% |
| Furniture and vehicles | 24 | €7,341 | €5,387 | -€1,953 | -26.6% |
| Financial fixed assets | 28 | €237 | €237 | = | 0.0% |
| Current assets | 29/58 | €9,077 | €20,615 | +€11,537 | +127% |
| Stocks and contracts in progress | 3 | €1,881 | €1,758 | -€123 | -6.5% |
| Stocks | 30/36 | €1,881 | €1,758 | -€123 | -6.5% |
| Amounts receivable within one year | 40/41 | €108 | €9,266 | +€9,158 | +8,506% |
| Trade receivables | 40 | €108 | €2,556 | +€2,449 | +2,274% |
| Other amounts receivable | 41 | - | €6,710 | +€6,710 | |
| Cash at bank and in hand | 54/58 | €2,680 | €5,871 | +€3,191 | +119% |
| Deferred charges and accrued income | 490/1 | €4,409 | €3,719 | -€690 | -15.6% |
| Total equity and liabilities | 10/49 | €16,655 | €26,239 | +€9,584 | +57.5% |
| Equity | 10/15 | €8,908 | €18,911 | +€10,003 | +112% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,692 | €311 | +€10,003 | |
| Amounts payable | 17/49 | €7,747 | €7,328 | -€419 | -5.4% |
| Amounts payable within one year | 42/48 | €7,747 | €7,328 | -€419 | -5.4% |
| Trade debts | 44 | €593 | €1,731 | +€1,138 | +192% |
| Suppliers | 440/4 | €593 | €1,731 | +€1,138 | +192% |
| Taxes, remuneration and social security | 45 | €3,421 | €5,597 | +€2,176 | +63.6% |
| Taxes | 450/3 | €1,795 | €5,597 | +€3,802 | +212% |
| Remuneration and social security | 454/9 | €1,626 | - | -€1,626 | |
| Other amounts payable | 47/48 | €3,732 | - | -€3,732 | |
| Remuneration, social security and pensions | 62 | €4,488 | €3 | -€4,485 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,917 | €2,255 | -€662 | -22.7% |
| Other operating charges | 640/8 | €1,889 | €3,045 | +€1,156 | +61.2% |
| Non-recurring operating charges | 66A | - | €772 | +€772 | |
| Gross operating margin | 9900 | €55,848 | €21,345 | -€34,502 | -61.8% |
| Operating profit (loss) | 9901 | €46,553 | €15,270 | -€31,283 | -67.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -95.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -95.0% |
| Financial charges | 65/66B | €1,534 | €2,197 | +€663 | +43.2% |
| Recurring financial charges | 65 | €1,534 | €2,197 | +€663 | +43.2% |
| Profit (loss) for the period before taxes | 9903 | €45,020 | €13,073 | -€31,947 | -71.0% |
| Income taxes | 67/77 | €507 | €3,071 | +€2,563 | +505% |
| Profit (loss) for the period | 9904 | €44,513 | €10,003 | -€34,510 | -77.5% |
| Profit (loss) for the period to be appropriated | 9905 | €44,513 | €10,003 | -€34,510 | -77.5% |
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 25 October 2026 via checked.be.