Royal Estate: what changed
Royal Estate
Largest movements
- Cash -€34,275
down €34,275 (-94.8%), from €36,165 to €1,889
mainly Net result for the year (-€16,192) and Other debts (-€15,935)
- Tangible fixed assets +€6,715
new in 2025: €6,715
- Profit (loss) carried forward -€16,192
down €16,192, from €4,396 to -€11,796
- Other debts -€15,935
down €15,935 (-51.9%), from €30,677 to €14,742
- Trade debts +€4,958
up €4,958 (+2,238%), from €221 to €5,179
- Gross operating margin +€13,716
up €13,716 (+71.6%), from -€19,154 to -€5,438
- Financial charges -€11,309
down €11,309 (-94.2%), from €12,008 to €699
- Staff costs -€8,297
down €8,297 (-78.6%), from €10,556 to €2,259
- Other operating charges +€3,447
up €3,447 (+127%), from €2,724 to €6,171
- Depreciation +€978
new in 2025: €978
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €36,927 | €9,433 | -€27,494 | -74.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | - | €6,715 | +€6,715 | |
| Tangible fixed assets | 22/27 | - | €6,715 | +€6,715 | |
| Furniture and vehicles | 24 | - | €6,715 | +€6,715 | |
| Current assets | 29/58 | €36,927 | €2,718 | -€34,209 | -92.6% |
| Cash at bank and in hand | 54/58 | €36,165 | €1,889 | -€34,275 | -94.8% |
| Deferred charges and accrued income | 490/1 | €762 | €829 | +€66 | +8.7% |
| Total equity and liabilities | 10/49 | €36,927 | €9,433 | -€27,494 | -74.5% |
| Equity | 10/15 | €4,896 | -€11,296 | -€16,192 | |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,396 | -€11,796 | -€16,192 | |
| Amounts payable | 17/49 | €32,031 | €20,729 | -€11,302 | -35.3% |
| Amounts payable within one year | 42/48 | €32,031 | €20,729 | -€11,302 | -35.3% |
| Trade debts | 44 | €221 | €5,179 | +€4,958 | +2,238% |
| Suppliers | 440/4 | €221 | €5,179 | +€4,958 | +2,238% |
| Taxes, remuneration and social security | 45 | €1,133 | €808 | -€325 | -28.6% |
| Taxes | 450/3 | €177 | €408 | +€231 | +131% |
| Remuneration and social security | 454/9 | €956 | €400 | -€556 | -58.1% |
| Other amounts payable | 47/48 | €30,677 | €14,742 | -€15,935 | -51.9% |
| Remuneration, social security and pensions | 62 | €10,556 | €2,259 | -€8,297 | -78.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €978 | +€978 | |
| Other operating charges | 640/8 | €2,724 | €6,171 | +€3,447 | +127% |
| Gross operating margin | 9900 | -€19,154 | -€5,438 | +€13,716 | +71.6% |
| Operating profit (loss) | 9901 | -€32,433 | -€14,846 | +€17,587 | +54.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €12,008 | €699 | -€11,309 | -94.2% |
| Recurring financial charges | 65 | €12,008 | €699 | -€11,309 | -94.2% |
| Profit (loss) for the period before taxes | 9903 | -€44,441 | -€15,544 | +€28,896 | +65.0% |
| Income taxes | 67/77 | €177 | €648 | +€471 | +266% |
| Profit (loss) for the period | 9904 | -€44,618 | -€16,192 | +€28,426 | +63.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,618 | -€16,192 | +€28,426 | +63.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.