ROYAL TEETH: 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 TEETH
Largest movements
- Receivables within one year +€48,275
up €48,275 (+42.3%), from €114,251 to €162,526
of which Other amounts receivable: +€47,218
- Cash -€13,377
down €13,377 (-33.6%), from €39,806 to €26,429
mainly Receivables within one year (-€48,275) and Other debts (-€47,794)
- Reserves +€59,052
up €59,052 (+35.9%), from €164,434 to €223,486
of which Distributable reserves: +€59,052
- Other debts -€47,794
no longer reported in 2025 (was €47,794)
- Tax, wage and social debts +€23,468
up €23,468 (+271.8%), from €8,635 to €32,103
of which Taxes: +€21,743
- Gross operating margin +€83,961
up €83,961 (+132.3%), from €63,479 to €147,440
- Taxes +€27,591
up €27,591 (+1169.7%), from €2,359 to €29,950
- Staff costs +€3,791
up €3,791 (+10.5%), from €36,177 to €39,968
- Depreciation -€1,774
down €1,774 (-9.4%), from €18,795 to €17,022
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 | €230,300 | €264,830 | +€34,530 | +15.0% |
| Fixed assets | 21/28 | €74,361 | €72,581 | -€1,780 | -2.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €62,361 | €60,581 | -€1,780 | -2.9% |
| Plant, machinery and equipment | 23 | €14,506 | €8,802 | -€5,704 | -39.3% |
| Furniture and vehicles | 24 | €18,112 | €10,357 | -€7,756 | -42.8% |
| Other tangible fixed assets | 26 | €29,742 | €41,422 | +€11,679 | +39.3% |
| Financial fixed assets | 28 | €12,000 | €12,000 | = | 0.0% |
| Current assets | 29/58 | €155,940 | €192,250 | +€36,310 | +23.3% |
| Amounts receivable within one year | 40/41 | €114,251 | €162,526 | +€48,275 | +42.3% |
| Trade receivables | 40 | €300 | €1,356 | +€1,057 | +352.6% |
| Other amounts receivable | 41 | €113,952 | €161,170 | +€47,218 | +41.4% |
| Cash at bank and in hand | 54/58 | €39,806 | €26,429 | -€13,377 | -33.6% |
| Deferred charges and accrued income | 490/1 | €1,883 | €3,295 | +€1,412 | +75.0% |
| Total equity and liabilities | 10/49 | €230,300 | €264,830 | +€34,530 | +15.0% |
| Equity | 10/15 | €170,632 | €229,683 | +€59,052 | +34.6% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €164,434 | €223,486 | +€59,052 | +35.9% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €162,575 | €221,627 | +€59,052 | +36.3% |
| Amounts payable | 17/49 | €59,669 | €35,147 | -€24,522 | -41.1% |
| Amounts payable within one year | 42/48 | €57,644 | €33,104 | -€24,540 | -42.6% |
| Trade debts | 44 | €1,214 | €1,001 | -€213 | -17.6% |
| Suppliers | 440/4 | €1,214 | €1,001 | -€213 | -17.6% |
| Taxes, remuneration and social security | 45 | €8,635 | €32,103 | +€23,468 | +271.8% |
| Taxes | 450/3 | €2,359 | €24,102 | +€21,743 | +921.7% |
| Remuneration and social security | 454/9 | €6,276 | €8,001 | +€1,725 | +27.5% |
| Other amounts payable | 47/48 | €47,794 | - | -€47,794 | |
| Accrued charges and deferred income | 492/3 | €2,025 | €2,043 | +€18 | +0.9% |
| Remuneration, social security and pensions | 62 | €36,177 | €39,968 | +€3,791 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,795 | €17,022 | -€1,774 | -9.4% |
| Other operating charges | 640/8 | €844 | €870 | +€26 | +3.1% |
| Gross operating margin | 9900 | €63,479 | €147,440 | +€83,961 | +132.3% |
| Operating profit (loss) | 9901 | €7,662 | €89,581 | +€81,918 | +1069.1% |
| Financial income | 75/76B | €80 | - | -€80 | |
| Recurring financial income | 75 | €80 | - | -€80 | |
| Financial charges | 65/66B | €536 | €579 | +€42 | +7.9% |
| Recurring financial charges | 65 | €536 | €579 | +€42 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | €7,206 | €89,002 | +€81,796 | +1135.1% |
| Income taxes | 67/77 | €2,359 | €29,950 | +€27,591 | +1169.7% |
| Profit (loss) for the period | 9904 | €4,847 | €59,052 | +€54,205 | +1118.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,847 | €59,052 | +€54,205 | +1118.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.