Royal Things: 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 Things
Largest movements
- Cash -€108,770
down €108,770 (-60.8%), from €178,773 to €70,003
mainly Contributions, distributions and other (-€100,000) and Stocks and contracts (-€63,451)
- Stocks and contracts +€63,451
up €63,451 (+38.9%), from €163,313 to €226,764
- Tangible fixed assets +€57,942
up €57,942 (+519.2%), from €11,161 to €69,103
of which Furniture and vehicles: +€60,455
- Receivables within one year +€15,096
up €15,096 (+55.5%), from €27,199 to €42,294
of which Other amounts receivable: +€12,016
- Profit (loss) carried forward -€55,111
down €55,111 (-22.8%), from €241,408 to €186,297
- Debts after one year +€49,496
new in 2025: €49,496
- Other debts +€23,250
up €23,250 (+24.1%), from €96,502 to €119,752
- Current portion of long-term debt +€11,560
new in 2025: €11,560
- Gross operating margin -€30,115
down €30,115 (-28.6%), from €105,439 to €75,325
- Taxes -€10,363
down €10,363 (-45.6%), from €22,749 to €12,386
- Depreciation +€1,991
up €1,991 (+78.7%), from €2,530 to €4,521
- Other operating charges -€1,767
down €1,767 (-36.7%), from €4,819 to €3,052
- Staff costs +€1,747
new in 2025: €1,747
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 | €386,281 | €417,350 | +€31,069 | +8.0% |
| Fixed assets | 21/28 | €13,261 | €71,203 | +€57,942 | +436.9% |
| Tangible fixed assets | 22/27 | €11,161 | €69,103 | +€57,942 | +519.2% |
| Plant, machinery and equipment | 23 | €1,040 | €548 | -€492 | -47.3% |
| Furniture and vehicles | 24 | €1,858 | €62,313 | +€60,455 | +3253.0% |
| Other tangible fixed assets | 26 | €8,262 | €6,242 | -€2,020 | -24.5% |
| Financial fixed assets | 28 | €2,100 | €2,100 | = | 0.0% |
| Current assets | 29/58 | €373,020 | €346,146 | -€26,873 | -7.2% |
| Stocks and contracts in progress | 3 | €163,313 | €226,764 | +€63,451 | +38.9% |
| Stocks | 30/36 | €163,313 | €226,764 | +€63,451 | +38.9% |
| Amounts receivable within one year | 40/41 | €27,199 | €42,294 | +€15,096 | +55.5% |
| Trade receivables | 40 | €7,108 | €10,188 | +€3,080 | +43.3% |
| Other amounts receivable | 41 | €20,091 | €32,107 | +€12,016 | +59.8% |
| Cash at bank and in hand | 54/58 | €178,773 | €70,003 | -€108,770 | -60.8% |
| Deferred charges and accrued income | 490/1 | €3,735 | €7,085 | +€3,350 | +89.7% |
| Total equity and liabilities | 10/49 | €386,281 | €417,350 | +€31,069 | +8.0% |
| Equity | 10/15 | €251,928 | €196,818 | -€55,111 | -21.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €7,520 | €7,520 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €7,520 | €7,520 | = | 0.0% |
| Profit (loss) carried forward | 14 | €241,408 | €186,297 | -€55,111 | -22.8% |
| Amounts payable | 17/49 | €134,353 | €220,532 | +€86,180 | +64.1% |
| Amounts payable after more than one year | 17 | - | €49,496 | +€49,496 | |
| Financial debts | 170/4 | - | €49,496 | +€49,496 | |
| Amounts payable within one year | 42/48 | €134,353 | €171,036 | +€36,684 | +27.3% |
| Current portion of amounts payable after more than one year | 42 | - | €11,560 | +€11,560 | |
| Trade debts | 44 | €12,754 | €13,673 | +€919 | +7.2% |
| Suppliers | 440/4 | €12,754 | €13,673 | +€919 | +7.2% |
| Taxes, remuneration and social security | 45 | €25,097 | €26,051 | +€955 | +3.8% |
| Taxes | 450/3 | €25,097 | €20,631 | -€4,466 | -17.8% |
| Remuneration and social security | 454/9 | - | €5,421 | +€5,421 | |
| Other amounts payable | 47/48 | €96,502 | €119,752 | +€23,250 | +24.1% |
| Remuneration, social security and pensions | 62 | - | €1,747 | +€1,747 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,530 | €4,521 | +€1,991 | +78.7% |
| Other operating charges | 640/8 | €4,819 | €3,052 | -€1,767 | -36.7% |
| Non-recurring operating charges | 66A | - | -€2,108 | -€2,108 | |
| Gross operating margin | 9900 | €105,439 | €75,325 | -€30,115 | -28.6% |
| Operating profit (loss) | 9901 | €98,090 | €68,113 | -€29,977 | -30.6% |
| Financial income | 75/76B | €317 | €0 | -€317 | -100.0% |
| Recurring financial income | 75 | €317 | €0 | -€317 | -100.0% |
| Financial charges | 65/66B | €10,038 | €10,837 | +€800 | +8.0% |
| Recurring financial charges | 65 | €10,038 | €10,837 | +€800 | +8.0% |
| Profit (loss) for the period before taxes | 9903 | €88,369 | €57,276 | -€31,094 | -35.2% |
| Income taxes | 67/77 | €22,749 | €12,386 | -€10,363 | -45.6% |
| Profit (loss) for the period | 9904 | €65,620 | €44,889 | -€20,731 | -31.6% |
| Profit (loss) for the period to be appropriated | 9905 | €65,620 | €44,889 | -€20,731 | -31.6% |
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 12 October 2026 via checked.be.