Royal Tapis: 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.
What changed
Royal Tapis
NACE 47.512, Retail sale of household textiles and bedding
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€6,414
2024 · €5,488+€926
Equity
€839,722
2024 · €833,308+€6,414
Cash
€316,575
2024 · €229,267+€87,308
Balance sheet total
€1.8m
2024 · €1.8m+€12,498
Largest movements
Assets
- Cash +€87,308
up €87,308 (+38.1%), from €229,267 to €316,575
mainly Stocks and contracts (+€83,674) and Depreciation (+€22,080)
- Stocks and contracts -€83,674
down €83,674 (-11.4%), from €730,782 to €647,108
- Receivables within one year +€20,728
up €20,728 (+3.1%), from €672,961 to €693,689
of which Trade receivables: +€22,314
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin -€24,207
down €24,207 (-9.0%), from €269,985 to €245,779
- Staff costs -€19,554
down €19,554 (-8.7%), from €224,453 to €204,899
- Other operating charges -€4,294
down €4,294 (-31.7%), from €13,553 to €9,260
- Financial income +€3,372
up €3,372 (+534%), from €632 to €4,004
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.
Result 2024
€5,488
Gross operating margin
-€24,207
Staff costs
+€19,554
Depreciation
-€94
Write-downs
-€1,907
Other operating charges
+€4,294
Financial income
+€3,372
Financial charges
-€118
Taxes
+€31
Result 2025
€6,414
raises the resultlowers the result
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.
From operations
+€112,450
Investment
-€20,056
Financing
-€5,086
Cash 2024
€229,267
From operations (derived)
+€112,450
Net result for the year
+€6,414
Depreciation
+€22,080
Stocks and contracts
+€83,674
Receivables within one year
-€20,728
Deferred charges and accrued income
+€9,841
Trade debts
-€302
Tax, wage and social debts
+€5,531
Advances received
+€7,315
Other debts
-€1,375
Investment (derived)
-€20,056
Investment in fixed assets (net)
-€20,056
Financing
-€5,086
Debts after one year
-€5,173
Current portion of long-term debt
+€88
Cash 2025
€316,575
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,770,532 | €1,783,030 | +€12,498 | +0.7% |
| Fixed assets | 21/28 | €110,450 | €108,426 | -€2,024 | -1.8% |
| Tangible fixed assets | 22/27 | €110,450 | €108,426 | -€2,024 | -1.8% |
| Plant, machinery and equipment | 23 | €80,201 | €88,526 | +€8,324 | +10.4% |
| Furniture and vehicles | 24 | €10,710 | €5,515 | -€5,196 | -48.5% |
| Leasing and similar rights | 25 | €19,538 | €14,385 | -€5,153 | -26.4% |
| Current assets | 29/58 | €1,660,083 | €1,674,605 | +€14,522 | +0.9% |
| Stocks and contracts in progress | 3 | €730,782 | €647,108 | -€83,674 | -11.4% |
| Stocks | 30/36 | €730,782 | €647,108 | -€83,674 | -11.4% |
| Amounts receivable within one year | 40/41 | €672,961 | €693,689 | +€20,728 | +3.1% |
| Trade receivables | 40 | €191,493 | €213,808 | +€22,314 | +11.7% |
| Other amounts receivable | 41 | €481,467 | €479,881 | -€1,586 | -0.3% |
| Cash at bank and in hand | 54/58 | €229,267 | €316,575 | +€87,308 | +38.1% |
| Deferred charges and accrued income | 490/1 | €27,074 | €17,233 | -€9,841 | -36.3% |
| Total equity and liabilities | 10/49 | €1,770,532 | €1,783,030 | +€12,498 | +0.7% |
| Equity | 10/15 | €833,308 | €839,722 | +€6,414 | +0.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €678,200 | €678,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €78,200 | €78,200 | = | 0.0% |
| Legal reserve | 130 | €78,200 | €78,200 | = | 0.0% |
| Distributable reserves | 133 | €600,000 | €600,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,108 | €99,522 | +€6,414 | +6.9% |
| Amounts payable | 17/49 | €937,225 | €943,309 | +€6,084 | +0.6% |
| Amounts payable after more than one year | 17 | €734,442 | €729,269 | -€5,173 | -0.7% |
| Financial debts | 170/4 | €14,442 | €9,269 | -€5,173 | -35.8% |
| Other amounts payable | 178/9 | €720,000 | €720,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €202,782 | €214,040 | +€11,257 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €5,086 | €5,173 | +€88 | +1.7% |
| Trade debts | 44 | €116,514 | €116,211 | -€302 | -0.3% |
| Suppliers | 440/4 | €116,514 | €116,211 | -€302 | -0.3% |
| Advances received on contracts in progress | 46 | €12,102 | €19,418 | +€7,315 | +60.4% |
| Taxes, remuneration and social security | 45 | €58,766 | €64,298 | +€5,531 | +9.4% |
| Taxes | 450/3 | €20,285 | €22,668 | +€2,383 | +11.7% |
| Remuneration and social security | 454/9 | €38,482 | €41,630 | +€3,148 | +8.2% |
| Other amounts payable | 47/48 | €10,315 | €8,940 | -€1,375 | -13.3% |
| Remuneration, social security and pensions | 62 | €224,453 | €204,899 | -€19,554 | -8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,986 | €22,080 | +€94 | +0.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,836 | -€929 | +€1,907 | +67.2% |
| Other operating charges | 640/8 | €13,553 | €9,260 | -€4,294 | -31.7% |
| Gross operating margin | 9900 | €269,985 | €245,779 | -€24,207 | -9.0% |
| Operating profit (loss) | 9901 | €12,828 | €10,469 | -€2,360 | -18.4% |
| Financial income | 75/76B | €632 | €4,004 | +€3,372 | +534% |
| Recurring financial income | 75 | €632 | €4,004 | +€3,372 | +534% |
| Financial charges | 65/66B | €7,496 | €7,613 | +€118 | +1.6% |
| Recurring financial charges | 65 | €7,496 | €7,613 | +€118 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €5,964 | €6,860 | +€895 | +15.0% |
| Income taxes | 67/77 | €477 | €446 | -€31 | -6.5% |
| Profit (loss) for the period | 9904 | €5,488 | €6,414 | +€926 | +16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,488 | €6,414 | +€926 | +16.9% |
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 19 October 2026 via checked.be.