royal housing group: what changed
royal housing group
Largest movements
- Cash -€6,031
down €6,031 (-35.8%), from €16,827 to €10,796
mainly Net result for the year (-€18,209) and Investment in fixed assets (net) (-€11,828)
- Tangible fixed assets -€4,873
down €4,873 (-16.9%), from €28,812 to €23,939
of which Furniture and vehicles: -€7,922
- Deferred charges and accrued income -€4,472
down €4,472 (-19.9%), from €22,460 to €17,988
- Financial fixed assets +€4,000
new in 2025: €4,000
- Profit (loss) carried forward -€18,209
down €18,209 (-17.0%), from €106,893 to €88,684
- Trade debts +€5,015
up €5,015 (+55.7%), from €9,000 to €14,015
- Gross operating margin -€36,689
down €36,689, from €36,383 to -€306
- Taxes -€4,719
down €4,719 (-82.7%), from €5,704 to €985
- Financial charges +€2,359
up €2,359 (+1,697%), from €139 to €2,498
- Other operating charges -€1,734
down €1,734 (-50.2%), from €3,453 to €1,719
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 | €131,629 | €119,335 | -€12,294 | -9.3% |
| Fixed assets | 21/28 | €28,812 | €27,939 | -€873 | -3.0% |
| Tangible fixed assets | 22/27 | €28,812 | €23,939 | -€4,873 | -16.9% |
| Plant, machinery and equipment | 23 | €1,717 | €4,766 | +€3,049 | +178% |
| Furniture and vehicles | 24 | €27,095 | €19,173 | -€7,922 | -29.2% |
| Financial fixed assets | 28 | - | €4,000 | +€4,000 | |
| Current assets | 29/58 | €102,817 | €91,396 | -€11,421 | -11.1% |
| Amounts receivable within one year | 40/41 | €63,530 | €62,612 | -€918 | -1.4% |
| Trade receivables | 40 | €62,045 | €44,518 | -€17,527 | -28.2% |
| Other amounts receivable | 41 | €1,485 | €18,094 | +€16,609 | +1,118% |
| Cash at bank and in hand | 54/58 | €16,827 | €10,796 | -€6,031 | -35.8% |
| Deferred charges and accrued income | 490/1 | €22,460 | €17,988 | -€4,472 | -19.9% |
| Total equity and liabilities | 10/49 | €131,629 | €119,335 | -€12,294 | -9.3% |
| Equity | 10/15 | €116,893 | €98,684 | -€18,209 | -15.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €106,893 | €88,684 | -€18,209 | -17.0% |
| Amounts payable | 17/49 | €14,736 | €20,651 | +€5,915 | +40.1% |
| Amounts payable within one year | 42/48 | €14,607 | €20,600 | +€5,993 | +41.0% |
| Financial debts | 43 | €7 | - | -€7 | |
| Credit institutions | 430/8 | €7 | - | -€7 | |
| Trade debts | 44 | €9,000 | €14,015 | +€5,015 | +55.7% |
| Suppliers | 440/4 | €9,000 | €14,015 | +€5,015 | +55.7% |
| Taxes, remuneration and social security | 45 | €5,600 | €6,585 | +€985 | +17.6% |
| Taxes | 450/3 | €5,600 | €6,585 | +€985 | +17.6% |
| Accrued charges and deferred income | 492/3 | €129 | €51 | -€78 | -60.5% |
| Non-recurring operating income | 76A | €683 | - | -€683 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,874 | €12,701 | -€173 | -1.3% |
| Other operating charges | 640/8 | €3,453 | €1,719 | -€1,734 | -50.2% |
| Gross operating margin | 9900 | €36,383 | -€306 | -€36,689 | |
| Operating profit (loss) | 9901 | €20,056 | -€14,726 | -€34,782 | |
| Financial charges | 65/66B | €139 | €2,498 | +€2,359 | +1,697% |
| Recurring financial charges | 65 | €139 | €2,498 | +€2,359 | +1,697% |
| Profit (loss) for the period before taxes | 9903 | €19,917 | -€17,224 | -€37,141 | |
| Income taxes | 67/77 | €5,704 | €985 | -€4,719 | -82.7% |
| Profit (loss) for the period | 9904 | €14,213 | -€18,209 | -€32,422 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,213 | -€18,209 | -€32,422 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.