ROYAL GROUP BOURKHA IMMO: 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 GROUP BOURKHA IMMO
Largest movements
- Cash -€21,337
no longer reported in 2025 (was €21,337)
mainly Net result for the year (-€37,997) and Debts after one year (-€31,111)
- Tangible fixed assets -€20,862
down €20,862 (-5.2%), from €403,999 to €383,137
of which Land and buildings: -€19,884
- Profit (loss) carried forward -€37,997
down €37,997 (-463%), from -€8,210 to -€46,207
- Debts after one year -€31,111
down €31,111 (-15.6%), from €199,255 to €168,144
- Other debts +€24,000
up €24,000 (+14.3%), from €168,047 to €192,047
- Gross operating margin -€23,088
down €23,088, from €15,931 to -€7,157
- Depreciation +€463
up €463 (+2.3%), from €20,400 to €20,862
- Financial charges -€421
down €421 (-11.2%), from €3,773 to €3,352
- Other operating charges +€201
up €201 (+3.1%), from €6,425 to €6,626
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 | €425,336 | €384,386 | -€40,950 | -9.6% |
| Fixed assets | 21/28 | €403,999 | €383,137 | -€20,862 | -5.2% |
| Tangible fixed assets | 22/27 | €403,999 | €383,137 | -€20,862 | -5.2% |
| Land and buildings | 22 | €403,020 | €383,137 | -€19,884 | -4.9% |
| Furniture and vehicles | 24 | €979 | - | -€979 | |
| Current assets | 29/58 | €21,337 | €1,249 | -€20,087 | -94.1% |
| Cash at bank and in hand | 54/58 | €21,337 | - | -€21,337 | |
| Deferred charges and accrued income | 490/1 | - | €1,249 | +€1,249 | |
| Total equity and liabilities | 10/49 | €425,336 | €384,386 | -€40,950 | -9.6% |
| Equity | 10/15 | €21,790 | -€16,207 | -€37,997 | |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,210 | -€46,207 | -€37,997 | -463% |
| Amounts payable | 17/49 | €403,545 | €400,593 | -€2,953 | -0.7% |
| Amounts payable after more than one year | 17 | €199,255 | €168,144 | -€31,111 | -15.6% |
| Financial debts | 170/4 | €199,255 | €168,144 | -€31,111 | -15.6% |
| Amounts payable within one year | 42/48 | €204,290 | €232,449 | +€28,159 | +13.8% |
| Current portion of amounts payable after more than one year | 42 | €30,682 | €31,797 | +€1,114 | +3.6% |
| Trade debts | 44 | €5,560 | €8,605 | +€3,044 | +54.8% |
| Suppliers | 440/4 | €5,560 | €8,605 | +€3,044 | +54.8% |
| Other amounts payable | 47/48 | €168,047 | €192,047 | +€24,000 | +14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,400 | €20,862 | +€463 | +2.3% |
| Other operating charges | 640/8 | €6,425 | €6,626 | +€201 | +3.1% |
| Non-recurring operating charges | 66A | €5,000 | - | -€5,000 | |
| Gross operating margin | 9900 | €15,931 | -€7,157 | -€23,088 | |
| Operating profit (loss) | 9901 | -€15,894 | -€34,645 | -€18,751 | -118% |
| Financial charges | 65/66B | €3,773 | €3,352 | -€421 | -11.2% |
| Recurring financial charges | 65 | €3,773 | €3,352 | -€421 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | -€19,667 | -€37,997 | -€18,330 | -93.2% |
| Income taxes | 67/77 | -€1 | - | +€1 | |
| Profit (loss) for the period | 9904 | -€19,666 | -€37,997 | -€18,331 | -93.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,666 | -€37,997 | -€18,331 | -93.2% |
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 30 October 2026 via checked.be.