ROYAL TEAM: 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 TEAM
Largest movements
- Stocks and contracts +€6,561
new in 2025: €6,561
- Cash +€2,357
up €2,357 (+53.5%), from €4,406 to €6,763
mainly Other debts (+€8,548) and Net result for the year (+€5,950)
- Receivables within one year -€2,000
no longer reported in 2025 (was €2,000)
- Intangible fixed assets -€650
down €650 (-11.1%), from €5,850 to €5,200
- Other debts +€8,548
up €8,548 (+111.8%), from €7,648 to €16,196
- Profit (loss) carried forward +€5,950
up €5,950 (+41.7%), from -€14,276 to -€8,326
- Tax, wage and social debts -€5,328
down €5,328 (-55.5%), from €9,597 to €4,269
of which Remuneration and social security: -€4,077
- Trade debts -€2,903
down €2,903 (-39.8%), from €7,287 to €4,384
- Gross operating margin +€21,774
up €21,774 (+139.7%), from €15,585 to €37,359
- Staff costs +€4,664
up €4,664 (+18.3%), from €25,524 to €30,188
- Other operating charges -€1,710
down €1,710 (-85.1%), from €2,010 to €300
- Depreciation -€1,213
down €1,213 (-65.1%), from €1,863 to €650
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 | €12,256 | €18,523 | +€6,267 | +51.1% |
| Fixed assets | 21/28 | €5,850 | €5,200 | -€650 | -11.1% |
| Intangible fixed assets | 21 | €5,850 | €5,200 | -€650 | -11.1% |
| Current assets | 29/58 | €6,406 | €13,323 | +€6,917 | +108.0% |
| Stocks and contracts in progress | 3 | - | €6,561 | +€6,561 | |
| Stocks | 30/36 | - | €6,561 | +€6,561 | |
| Amounts receivable within one year | 40/41 | €2,000 | - | -€2,000 | |
| Other amounts receivable | 41 | €2,000 | - | -€2,000 | |
| Cash at bank and in hand | 54/58 | €4,406 | €6,763 | +€2,357 | +53.5% |
| Total equity and liabilities | 10/49 | €12,256 | €18,523 | +€6,267 | +51.1% |
| Equity | 10/15 | -€12,276 | -€6,326 | +€5,950 | +48.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,276 | -€8,326 | +€5,950 | +41.7% |
| Amounts payable | 17/49 | €24,532 | €24,849 | +€317 | +1.3% |
| Amounts payable within one year | 42/48 | €24,532 | €24,849 | +€317 | +1.3% |
| Trade debts | 44 | €7,287 | €4,384 | -€2,903 | -39.8% |
| Suppliers | 440/4 | €7,287 | €4,384 | -€2,903 | -39.8% |
| Taxes, remuneration and social security | 45 | €9,597 | €4,269 | -€5,328 | -55.5% |
| Taxes | 450/3 | €3,121 | €1,869 | -€1,252 | -40.1% |
| Remuneration and social security | 454/9 | €6,477 | €2,400 | -€4,077 | -62.9% |
| Other amounts payable | 47/48 | €7,648 | €16,196 | +€8,548 | +111.8% |
| Remuneration, social security and pensions | 62 | €25,524 | €30,188 | +€4,664 | +18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,863 | €650 | -€1,213 | -65.1% |
| Other operating charges | 640/8 | €2,010 | €300 | -€1,710 | -85.1% |
| Gross operating margin | 9900 | €15,585 | €37,359 | +€21,774 | +139.7% |
| Operating profit (loss) | 9901 | -€13,812 | €6,221 | +€20,034 | |
| Financial charges | 65/66B | €464 | €271 | -€193 | -41.6% |
| Recurring financial charges | 65 | €464 | €271 | -€193 | -41.6% |
| Profit (loss) for the period before taxes | 9903 | -€14,276 | €5,950 | +€20,226 | |
| Profit (loss) for the period | 9904 | -€14,276 | €5,950 | +€20,226 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,276 | €5,950 | +€20,226 |
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 8 October 2026 via checked.be.