ROYAL FISH: 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 FISH
Largest movements
- Receivables within one year +€20,400
up €20,400 (+44.9%), from €45,432 to €65,832
- Cash -€10,707
down €10,707 (-35.9%), from €29,837 to €19,130
mainly Receivables within one year (-€20,400) and Trade debts (-€4,283)
- Profit (loss) carried forward +€14,973
up €14,973 (+47.4%), from €31,577 to €46,550
- Trade debts -€4,283
down €4,283 (-20.6%), from €20,840 to €16,557
- Tax, wage and social debts -€1,389
down €1,389 (-12.8%), from €10,844 to €9,455
- Staff costs -€23,661
down €23,661 (-90.1%), from €26,247 to €2,586
- Gross operating margin -€13,633
down €13,633 (-34.6%), from €39,356 to €25,723
- Taxes +€2,569
up €2,569 (+115%), from €2,227 to €4,796
- Depreciation -€1,958
down €1,958 (-83.3%), from €2,350 to €392
- Other operating charges -€1,504
down €1,504 (-22.6%), from €6,655 to €5,151
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 | €75,661 | €84,962 | +€9,301 | +12.3% |
| Fixed assets | 21/28 | €392 | - | -€392 | |
| Tangible fixed assets | 22/27 | €392 | - | -€392 | |
| Furniture and vehicles | 24 | €392 | - | -€392 | |
| Current assets | 29/58 | €75,269 | €84,962 | +€9,693 | +12.9% |
| Amounts receivable within one year | 40/41 | €45,432 | €65,832 | +€20,400 | +44.9% |
| Other amounts receivable | 41 | €45,432 | €65,832 | +€20,400 | +44.9% |
| Cash at bank and in hand | 54/58 | €29,837 | €19,130 | -€10,707 | -35.9% |
| Total equity and liabilities | 10/49 | €75,661 | €84,962 | +€9,301 | +12.3% |
| Equity | 10/15 | €43,977 | €58,950 | +€14,973 | +34.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,577 | €46,550 | +€14,973 | +47.4% |
| Amounts payable | 17/49 | €31,684 | €26,012 | -€5,672 | -17.9% |
| Amounts payable within one year | 42/48 | €31,684 | €26,012 | -€5,672 | -17.9% |
| Trade debts | 44 | €20,840 | €16,557 | -€4,283 | -20.6% |
| Suppliers | 440/4 | €20,840 | €16,557 | -€4,283 | -20.6% |
| Taxes, remuneration and social security | 45 | €10,844 | €9,455 | -€1,389 | -12.8% |
| Taxes | 450/3 | €10,844 | €9,455 | -€1,389 | -12.8% |
| Remuneration, social security and pensions | 62 | €26,247 | €2,586 | -€23,661 | -90.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,350 | €392 | -€1,958 | -83.3% |
| Other operating charges | 640/8 | €6,655 | €5,151 | -€1,504 | -22.6% |
| Gross operating margin | 9900 | €39,356 | €25,723 | -€13,633 | -34.6% |
| Operating profit (loss) | 9901 | €4,106 | €17,595 | +€13,489 | +329% |
| Financial income | 75/76B | €1,650 | €2,350 | +€700 | +42.4% |
| Recurring financial income | 75 | €1,650 | €2,350 | +€700 | +42.4% |
| Financial charges | 65/66B | €452 | €176 | -€277 | -61.2% |
| Recurring financial charges | 65 | €452 | €176 | -€277 | -61.2% |
| Profit (loss) for the period before taxes | 9903 | €5,303 | €19,769 | +€14,466 | +273% |
| Income taxes | 67/77 | €2,227 | €4,796 | +€2,569 | +115% |
| Profit (loss) for the period | 9904 | €3,076 | €14,973 | +€11,897 | +387% |
| Profit (loss) for the period to be appropriated | 9905 | €3,076 | €14,973 | +€11,897 | +387% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.