ROYAL SERVICES: 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 SERVICES
Largest movements
- Receivables within one year +€307,359
up €307,359 (+356%), from €86,373 to €393,732
of which Trade receivables: +€308,497
- Tangible fixed assets -€180,647
down €180,647 (-37.6%), from €480,228 to €299,581
of which Furniture and vehicles: -€180,437
- Other debts +€190,127
up €190,127 (+49.4%), from €384,898 to €575,025
- Trade debts -€95,734
down €95,734 (-25.2%), from €379,642 to €283,907
- Tax, wage and social debts +€31,196
up €31,196 (+17,509%), from €178 to €31,374
of which Taxes: +€18,803
- Current portion of long-term debt -€11,524
no longer reported in 2025 (was €11,524)
- Gross operating margin -€31,238
down €31,238 (-4.3%), from €730,803 to €699,564
- Staff costs -€30,129
down €30,129 (-5.6%), from €535,089 to €504,960
- Depreciation +€16,950
up €16,950 (+10.1%), from €167,459 to €184,409
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 | €605,101 | €728,658 | +€123,557 | +20.4% |
| Fixed assets | 21/28 | €480,228 | €299,581 | -€180,647 | -37.6% |
| Tangible fixed assets | 22/27 | €480,228 | €299,581 | -€180,647 | -37.6% |
| Plant, machinery and equipment | 23 | €1,470 | €1,260 | -€210 | -14.3% |
| Furniture and vehicles | 24 | €478,758 | €298,321 | -€180,437 | -37.7% |
| Current assets | 29/58 | €124,873 | €429,077 | +€304,204 | +244% |
| Amounts receivable within one year | 40/41 | €86,373 | €393,732 | +€307,359 | +356% |
| Trade receivables | 40 | €85,235 | €393,732 | +€308,497 | +362% |
| Other amounts receivable | 41 | €1,138 | - | -€1,138 | |
| Cash at bank and in hand | 54/58 | €38,358 | €35,203 | -€3,155 | -8.2% |
| Deferred charges and accrued income | 490/1 | €142 | €142 | = | 0.0% |
| Total equity and liabilities | 10/49 | €605,101 | €728,658 | +€123,557 | +20.4% |
| Equity | 10/15 | -€253,642 | -€248,814 | +€4,828 | +1.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€274,102 | -€269,274 | +€4,828 | +1.8% |
| Provisions and deferred taxes | 16 | €7,500 | €7,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €7,500 | €7,500 | = | 0.0% |
| Major repairs and maintenance | 162 | €7,500 | €7,500 | = | 0.0% |
| Amounts payable | 17/49 | €851,242 | €969,971 | +€118,729 | +13.9% |
| Amounts payable after more than one year | 17 | €75,000 | €75,000 | = | 0.0% |
| Financial debts | 170/4 | €75,000 | €75,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €776,242 | €894,971 | +€118,729 | +15.3% |
| Current portion of amounts payable after more than one year | 42 | €11,524 | - | -€11,524 | |
| Financial debts | 43 | - | €4,665 | +€4,665 | |
| Credit institutions | 430/8 | - | €4,665 | +€4,665 | |
| Trade debts | 44 | €379,642 | €283,907 | -€95,734 | -25.2% |
| Suppliers | 440/4 | €379,642 | €283,907 | -€95,734 | -25.2% |
| Taxes, remuneration and social security | 45 | €178 | €31,374 | +€31,196 | +17,509% |
| Taxes | 450/3 | €178 | €18,981 | +€18,803 | +10,553% |
| Remuneration and social security | 454/9 | - | €12,393 | +€12,393 | |
| Other amounts payable | 47/48 | €384,898 | €575,025 | +€190,127 | +49.4% |
| Remuneration, social security and pensions | 62 | €535,089 | €504,960 | -€30,129 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €167,459 | €184,409 | +€16,950 | +10.1% |
| Other operating charges | 640/8 | €1,741 | €2,143 | +€402 | +23.1% |
| Gross operating margin | 9900 | €730,803 | €699,564 | -€31,238 | -4.3% |
| Operating profit (loss) | 9901 | €26,513 | €8,053 | -€18,460 | -69.6% |
| Financial charges | 65/66B | €3,894 | €3,225 | -€669 | -17.2% |
| Recurring financial charges | 65 | €3,894 | €3,225 | -€669 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €22,620 | €4,828 | -€17,792 | -78.7% |
| Profit (loss) for the period | 9904 | €22,620 | €4,828 | -€17,792 | -78.7% |
| Profit (loss) for the period to be appropriated | 9905 | €22,620 | €4,828 | -€17,792 | -78.7% |
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 23 October 2026 via checked.be.