ROYAL PROPERTY MANAGEMENT: 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 PROPERTY MANAGEMENT
Largest movements
- Receivables within one year +€796,408
up €796,408 (+529%), from €150,663 to €947,071
of which Other amounts receivable: +€808,842
- Profit (loss) carried forward +€646,591
up €646,591 (+59.3%), from -€1.1m to -€443,132
- Tax, wage and social debts +€149,897
new in 2025: €149,897
- Gross operating margin +€614,222
up €614,222 (+2,002%), from €30,673 to €644,895
- Other operating charges -€34,226
down €34,226 (-98.8%), from €34,625 to €400
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 | €153,958 | €951,019 | +€797,061 | +518% |
| Current assets | 29/58 | €153,958 | €951,019 | +€797,061 | +518% |
| Amounts receivable within one year | 40/41 | €150,663 | €947,071 | +€796,408 | +529% |
| Trade receivables | 40 | €12,434 | - | -€12,434 | |
| Other amounts receivable | 41 | €138,229 | €947,071 | +€808,842 | +585% |
| Cash at bank and in hand | 54/58 | €3,295 | €3,948 | +€653 | +19.8% |
| Total equity and liabilities | 10/49 | €153,958 | €951,019 | +€797,061 | +518% |
| Equity | 10/15 | €153,958 | €800,549 | +€646,591 | +420% |
| Contributions | 10/11 | €1,243,681 | €1,243,681 | = | 0.0% |
| Capital | 10 | €1,243,681 | €1,243,681 | = | 0.0% |
| Issued capital | 100 | €1,243,681 | €1,243,681 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,089,723 | -€443,132 | +€646,591 | +59.3% |
| Amounts payable | 17/49 | - | €150,470 | +€150,470 | |
| Amounts payable within one year | 42/48 | - | €150,470 | +€150,470 | |
| Trade debts | 44 | - | €573 | +€573 | |
| Suppliers | 440/4 | - | €573 | +€573 | |
| Taxes, remuneration and social security | 45 | - | €149,897 | +€149,897 | |
| Taxes | 450/3 | - | €149,897 | +€149,897 | |
| Other operating charges | 640/8 | €34,625 | €400 | -€34,226 | -98.8% |
| Gross operating margin | 9900 | €30,673 | €644,895 | +€614,222 | +2,002% |
| Operating profit (loss) | 9901 | -€3,952 | €644,495 | +€648,447 | |
| Financial income | 75/76B | €2,598 | €2,898 | +€300 | +11.6% |
| Recurring financial income | 75 | €2,598 | €2,898 | +€300 | +11.6% |
| Financial charges | 65/66B | €720 | €803 | +€83 | +11.5% |
| Recurring financial charges | 65 | €720 | €803 | +€83 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,074 | €646,591 | +€648,664 | |
| Profit (loss) for the period | 9904 | -€2,074 | €646,591 | +€648,664 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,074 | €646,591 | +€648,664 |
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 26 October 2026 via checked.be.