ROYAL NAILS: what changed
Two fiscal 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 NAILS
Largest movements
- Stocks and contracts -€24,199
down €24,199 (-5.6%), from €429,733 to €405,534
- Receivables within one year +€8,510
up €8,510 (+24.3%), from €35,044 to €43,553
of which Other amounts receivable: +€26,074
- Cash -€5,718
down €5,718 (-25.4%), from €22,552 to €16,834
mainly Trade debts (-€27,130) and Receivables within one year (-€8,510)
- Trade debts -€27,130
down €27,130 (-92.9%), from €29,209 to €2,079
- Profit (loss) carried forward +€11,402
up €11,402 (+2.5%), from -€455,358 to -€443,956
- Other debts -€6,906
down €6,906 (-7.7%), from €90,024 to €83,118
- Gross operating margin -€19,345
down €19,345 (-51.2%), from €37,815 to €18,470
- Depreciation -€18,614
down €18,614 (-89.5%), from €20,794 to €2,180
- Other operating charges -€7,231
down €7,231 (-74.6%), from €9,690 to €2,459
- Financial charges +€1,299
up €1,299 (+109.1%), from €1,191 to €2,490
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.
Cash bridge derived
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 | €495,579 | €470,909 | -€24,670 | -5.0% |
| Fixed assets | 21/28 | €6,858 | €4,677 | -€2,180 | -31.8% |
| Tangible fixed assets | 22/27 | €6,858 | €4,677 | -€2,180 | -31.8% |
| Plant, machinery and equipment | 23 | €2,894 | €2,089 | -€805 | -27.8% |
| Furniture and vehicles | 24 | €3,963 | €2,589 | -€1,375 | -34.7% |
| Current assets | 29/58 | €488,721 | €466,232 | -€22,490 | -4.6% |
| Stocks and contracts in progress | 3 | €429,733 | €405,534 | -€24,199 | -5.6% |
| Stocks | 30/36 | €429,733 | €405,534 | -€24,199 | -5.6% |
| Amounts receivable within one year | 40/41 | €35,044 | €43,553 | +€8,510 | +24.3% |
| Trade receivables | 40 | €33,353 | €15,789 | -€17,564 | -52.7% |
| Other amounts receivable | 41 | €1,690 | €27,765 | +€26,074 | +1542.5% |
| Cash at bank and in hand | 54/58 | €22,552 | €16,834 | -€5,718 | -25.4% |
| Deferred charges and accrued income | 490/1 | €1,393 | €310 | -€1,083 | -77.7% |
| Total equity and liabilities | 10/49 | €495,579 | €470,909 | -€24,670 | -5.0% |
| Equity | 10/15 | -€428,089 | -€416,688 | +€11,402 | +2.7% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €2,479 | €2,479 | = | 0.0% |
| Distributable reserves | 133 | €2,479 | €2,479 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€455,358 | -€443,956 | +€11,402 | +2.5% |
| Amounts payable | 17/49 | €923,668 | €887,597 | -€36,072 | -3.9% |
| Amounts payable after more than one year | 17 | €802,400 | €802,400 | = | 0.0% |
| Financial debts | 170/4 | €802,400 | €802,400 | = | 0.0% |
| Amounts payable within one year | 42/48 | €121,268 | €85,197 | -€36,072 | -29.7% |
| Trade debts | 44 | €29,209 | €2,079 | -€27,130 | -92.9% |
| Suppliers | 440/4 | €29,209 | €2,079 | -€27,130 | -92.9% |
| Taxes, remuneration and social security | 45 | €2,036 | - | -€2,036 | |
| Taxes | 450/3 | €2,036 | - | -€2,036 | |
| Other amounts payable | 47/48 | €90,024 | €83,118 | -€6,906 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,794 | €2,180 | -€18,614 | -89.5% |
| Other operating charges | 640/8 | €9,690 | €2,459 | -€7,231 | -74.6% |
| Gross operating margin | 9900 | €37,815 | €18,470 | -€19,345 | -51.2% |
| Operating profit (loss) | 9901 | €7,330 | €13,830 | +€6,500 | +88.7% |
| Financial income | 75/76B | €31 | €61 | +€30 | +95.5% |
| Recurring financial income | 75 | €31 | €61 | +€30 | +95.5% |
| Financial charges | 65/66B | €1,191 | €2,490 | +€1,299 | +109.1% |
| Recurring financial charges | 65 | €1,191 | €2,490 | +€1,299 | +109.1% |
| Profit (loss) for the period before taxes | 9903 | €6,171 | €11,402 | +€5,231 | +84.8% |
| Profit (loss) for the period | 9904 | €6,171 | €11,402 | +€5,231 | +84.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,171 | €11,402 | +€5,231 | +84.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.