ROYAL ISPAHAN: 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 ISPAHAN
Largest movements
- Cash +€16,809
up €16,809 (+202%), from €8,336 to €25,145
mainly Other debts (+€21,553) and Receivables within one year (+€14,016)
- Receivables within one year -€14,016
down €14,016 (-89.1%), from €15,723 to €1,707
of which Trade receivables: -€15,683
- Tangible fixed assets +€3,372
up €3,372 (+8.3%), from €40,489 to €43,861
of which Furniture and vehicles: +€5,046
- Stocks and contracts +€1,268
up €1,268 (+3.9%), from €32,409 to €33,676
- Tax, wage and social debts -€25,297
down €25,297 (-89.4%), from €28,294 to €2,998
of which Taxes: -€15,230
- Other debts +€21,553
up €21,553 (+6,793%), from €317 to €21,870
- Profit (loss) carried forward +€10,566
up €10,566 (+21.0%), from €50,319 to €60,886
- Turnover -€467,950
no longer reported in 2024 (was €467,950)
- Purchases and services -€397,681
no longer reported in 2024 (was €397,681)
- Gross operating margin -€14,711
down €14,711 (-18.7%), from €78,676 to €63,965
- Depreciation -€7,787
down €7,787 (-47.3%), from €16,449 to €8,663
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €102,937 | €109,778 | +€6,841 | +6.6% |
| Fixed assets | 21/28 | €43,116 | €46,520 | +€3,404 | +7.9% |
| Tangible fixed assets | 22/27 | €40,489 | €43,861 | +€3,372 | +8.3% |
| Land and buildings | 22 | €3,529 | €3,529 | = | 0.0% |
| Plant, machinery and equipment | 23 | €2,369 | €2,369 | -€0 | 0.0% |
| Furniture and vehicles | 24 | €32,047 | €37,093 | +€5,046 | +15.7% |
| Other tangible fixed assets | 26 | €2,545 | €870 | -€1,675 | -65.8% |
| Financial fixed assets | 28 | €2,627 | €2,659 | +€33 | +1.2% |
| Current assets | 29/58 | €59,821 | €63,258 | +€3,437 | +5.7% |
| Stocks and contracts in progress | 3 | €32,409 | €33,676 | +€1,268 | +3.9% |
| Stocks | 30/36 | €32,409 | €33,676 | +€1,268 | +3.9% |
| Amounts receivable within one year | 40/41 | €15,723 | €1,707 | -€14,016 | -89.1% |
| Trade receivables | 40 | €15,683 | - | -€15,683 | |
| Other amounts receivable | 41 | €40 | €1,707 | +€1,667 | +4,173% |
| Cash at bank and in hand | 54/58 | €8,336 | €25,145 | +€16,809 | +202% |
| Deferred charges and accrued income | 490/1 | €3,353 | €2,730 | -€624 | -18.6% |
| Total equity and liabilities | 10/49 | €102,937 | €109,778 | +€6,841 | +6.6% |
| Equity | 10/15 | €69,124 | €79,691 | +€10,566 | +15.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €205 | €205 | = | 0.0% |
| Non-distributable reserves | 130/1 | €205 | €205 | = | 0.0% |
| Reserves not available under the articles | 1311 | €205 | €205 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,319 | €60,886 | +€10,566 | +21.0% |
| Amounts payable | 17/49 | €33,813 | €30,088 | -€3,725 | -11.0% |
| Amounts payable within one year | 42/48 | €33,813 | €30,088 | -€3,725 | -11.0% |
| Trade debts | 44 | €5,201 | €5,220 | +€19 | +0.4% |
| Suppliers | 440/4 | €5,201 | €5,220 | +€19 | +0.4% |
| Taxes, remuneration and social security | 45 | €28,294 | €2,998 | -€25,297 | -89.4% |
| Taxes | 450/3 | €18,165 | €2,935 | -€15,230 | -83.8% |
| Remuneration and social security | 454/9 | €10,130 | €63 | -€10,067 | -99.4% |
| Other amounts payable | 47/48 | €317 | €21,870 | +€21,553 | +6,793% |
| Turnover | 70 | €467,950 | - | -€467,950 | |
| Goods, raw materials, services and sundry goods | 60/61 | €397,681 | - | -€397,681 | |
| Remuneration, social security and pensions | 62 | €30,091 | €32,588 | +€2,498 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,449 | €8,663 | -€7,787 | -47.3% |
| Other operating charges | 640/8 | €8,593 | €7,412 | -€1,181 | -13.7% |
| Gross operating margin | 9900 | €78,676 | €63,965 | -€14,711 | -18.7% |
| Operating profit (loss) | 9901 | €23,544 | €15,303 | -€8,241 | -35.0% |
| Financial income | 75/76B | €2 | €0 | -€1 | -91.4% |
| Recurring financial income | 75 | €2 | €0 | -€1 | -91.4% |
| Financial charges | 65/66B | €1,255 | €696 | -€558 | -44.5% |
| Recurring financial charges | 65 | €1,255 | €696 | -€558 | -44.5% |
| Profit (loss) for the period before taxes | 9903 | €22,291 | €14,606 | -€7,685 | -34.5% |
| Income taxes | 67/77 | €1,840 | €4,040 | +€2,200 | +120% |
| Profit (loss) for the period | 9904 | €20,451 | €10,566 | -€9,884 | -48.3% |
| Profit (loss) for the period to be appropriated | 9905 | €20,451 | €10,566 | -€9,884 | -48.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.