ROYAL STAR: 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 STAR
Largest movements
- Stocks and contracts -€199,228
down €199,228 (-30.3%), from €656,794 to €457,566
- Receivables within one year -€108,195
down €108,195 (-64.2%), from €168,458 to €60,263
of which Trade receivables: -€107,166
- Cash -€68,701
down €68,701 (-95.3%), from €72,064 to €3,362
mainly Net result for the year (-€253,084) and Trade debts (-€128,069)
- Profit (loss) carried forward -€253,084
down €253,084 (-742%), from -€34,096 to -€287,180
- Trade debts -€128,069
down €128,069 (-69.1%), from €185,315 to €57,246
- Purchases and services +€201,741
new in 2023: €201,741
- Write-downs +€192,913
new in 2023: €192,913
- Turnover +€161,446
new in 2023: €161,446
- Taxes +€16,777
up €16,777, from -€11,284 to €5,493
- Staff costs -€11,536
down €11,536 (-97.6%), from €11,820 to €283
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €898,000 | €521,192 | -€376,808 | -42.0% |
| Current assets | 29/58 | €898,000 | €521,192 | -€376,808 | -42.0% |
| Stocks and contracts in progress | 3 | €656,794 | €457,566 | -€199,228 | -30.3% |
| Stocks | 30/36 | €656,794 | €457,566 | -€199,228 | -30.3% |
| Amounts receivable within one year | 40/41 | €168,458 | €60,263 | -€108,195 | -64.2% |
| Trade receivables | 40 | €146,956 | €39,790 | -€107,166 | -72.9% |
| Other amounts receivable | 41 | €21,502 | €20,473 | -€1,029 | -4.8% |
| Cash at bank and in hand | 54/58 | €72,064 | €3,362 | -€68,701 | -95.3% |
| Deferred charges and accrued income | 490/1 | €684 | - | -€684 | |
| Total equity and liabilities | 10/49 | €898,000 | €521,192 | -€376,808 | -42.0% |
| Equity | 10/15 | €409,435 | €156,351 | -€253,084 | -61.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €424,931 | €424,931 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €423,071 | €423,071 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,096 | -€287,180 | -€253,084 | -742% |
| Amounts payable | 17/49 | €488,565 | €364,840 | -€123,724 | -25.3% |
| Amounts payable within one year | 42/48 | €488,565 | €364,840 | -€123,724 | -25.3% |
| Trade debts | 44 | €185,315 | €57,246 | -€128,069 | -69.1% |
| Suppliers | 440/4 | €185,315 | €57,246 | -€128,069 | -69.1% |
| Taxes, remuneration and social security | 45 | €9,435 | €7,230 | -€2,205 | -23.4% |
| Taxes | 450/3 | €5,345 | €3,361 | -€1,985 | -37.1% |
| Remuneration and social security | 454/9 | €4,089 | €3,869 | -€220 | -5.4% |
| Other amounts payable | 47/48 | €293,814 | €300,364 | +€6,549 | +2.2% |
| Turnover | 70 | - | €161,446 | +€161,446 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €201,741 | +€201,741 | |
| Remuneration, social security and pensions | 62 | €11,820 | €283 | -€11,536 | -97.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €192,913 | +€192,913 | |
| Other operating charges | 640/8 | - | €2,589 | +€2,589 | |
| Gross operating margin | 9900 | -€40,821 | -€40,295 | +€526 | +1.3% |
| Operating profit (loss) | 9901 | -€52,640 | -€236,080 | -€183,440 | -348% |
| Financial income | 75/76B | €17,370 | €6,731 | -€10,639 | -61.2% |
| Recurring financial income | 75 | €17,370 | €6,731 | -€10,639 | -61.2% |
| Financial charges | 65/66B | €10,110 | €18,243 | +€8,132 | +80.4% |
| Recurring financial charges | 65 | €10,110 | €18,243 | +€8,132 | +80.4% |
| Profit (loss) for the period before taxes | 9903 | -€45,380 | -€247,591 | -€202,211 | -446% |
| Income taxes | 67/77 | -€11,284 | €5,493 | +€16,777 | |
| Profit (loss) for the period | 9904 | -€34,096 | -€253,084 | -€218,988 | -642% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,096 | -€253,084 | -€218,988 | -642% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.