Royal Logistics: 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 Logistics
Largest movements
- Cash -€594,425
down €594,425 (-99.9%), from €594,778 to €354
mainly Debts after one year (-€541,150) and Net result for the year (-€49,284)
- Intangible fixed assets -€36,960
no longer reported in 2025 (was €36,960)
- Debts after one year -€541,150
down €541,150 (-78.4%), from €689,839 to €148,689
- Profit (loss) carried forward -€49,284
down €49,284 (-46.3%), from -€106,427 to -€155,711
- Trade debts -€47,590
no longer reported in 2025 (was €47,590)
- Accrued charges and deferred income +€6,750
new in 2025: €6,750
- Gross operating margin +€28,334
up €28,334 (+70.5%), from -€40,215 to -€11,881
- Depreciation -€18,480
no longer reported in 2025 (was €18,480)
- Other operating charges -€728
down €728 (-68.4%), from €1,065 to €336
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 | €632,002 | €728 | -€631,274 | -99.9% |
| Fixed assets | 21/28 | €36,960 | - | -€36,960 | |
| Intangible fixed assets | 21 | €36,960 | - | -€36,960 | |
| Current assets | 29/58 | €595,042 | €728 | -€594,314 | -99.9% |
| Amounts receivable within one year | 40/41 | €263 | €374 | +€111 | +42.3% |
| Other amounts receivable | 41 | €263 | €374 | +€111 | +42.3% |
| Cash at bank and in hand | 54/58 | €594,778 | €354 | -€594,425 | -99.9% |
| Total equity and liabilities | 10/49 | €632,002 | €728 | -€631,274 | -99.9% |
| Equity | 10/15 | -€105,427 | -€154,711 | -€49,284 | -46.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€106,427 | -€155,711 | -€49,284 | -46.3% |
| Amounts payable | 17/49 | €737,429 | €155,439 | -€581,990 | -78.9% |
| Amounts payable after more than one year | 17 | €689,839 | €148,689 | -€541,150 | -78.4% |
| Financial debts | 170/4 | €689,839 | €148,689 | -€541,150 | -78.4% |
| Amounts payable within one year | 42/48 | €47,590 | - | -€47,590 | |
| Trade debts | 44 | €47,590 | - | -€47,590 | |
| Suppliers | 440/4 | €47,590 | - | -€47,590 | |
| Accrued charges and deferred income | 492/3 | - | €6,750 | +€6,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,480 | - | -€18,480 | |
| Other operating charges | 640/8 | €1,065 | €336 | -€728 | -68.4% |
| Non-recurring operating charges | 66A | - | €36,960 | +€36,960 | |
| Gross operating margin | 9900 | -€40,215 | -€11,881 | +€28,334 | +70.5% |
| Operating profit (loss) | 9901 | -€59,760 | -€49,177 | +€10,582 | +17.7% |
| Financial charges | 65/66B | €87 | €107 | +€20 | +22.7% |
| Recurring financial charges | 65 | €87 | €107 | +€20 | +22.7% |
| Profit (loss) for the period before taxes | 9903 | -€59,847 | -€49,284 | +€10,563 | +17.6% |
| Profit (loss) for the period | 9904 | -€59,847 | -€49,284 | +€10,563 | +17.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€59,847 | -€49,284 | +€10,563 | +17.6% |
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 15 October 2026 via checked.be.