ROYAL UNITED MINT: 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 UNITED MINT
NACE 46.820, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€3.0m
2024 · €11.8m-€8.8m
Equity
€36.1m
2024 · €33.3m+€2.7m
Cash
€191,854
2024 · €260,538-€68,684
Balance sheet total
€36.3m
2024 · €36.5m-€230,774
Largest movements
Assets
- Receivables after one year +€4.7m
up €4.7m (+70.0%), from €6.8m to €11.5m
- Current investments -€4.1m
down €4.1m (-100%), from €4.1m to €0
- Financial fixed assets -€761,325
down €761,325 (-3.2%), from €23.8m to €23.0m
Equity and liabilities
- Tax, wage and social debts -€3.0m
down €3.0m (-98.3%), from €3.1m to €52,924
- Profit (loss) carried forward +€2.7m
up €2.7m (+11.5%), from €23.8m to €26.5m
Income statement
- Taxes -€6.2m
down €6.2m, from €3.2m to -€3.0m
of which Taxes: -€3.2m
- Financial income -€2.9m
down €2.9m (-66.7%), from €4.4m to €1.5m
of which Financial income: -€2.9m
- Financial charges +€1.3m
up €1.3m (+3,461%), from €37,532 to €1.3m
of which Financial charges: +€1.3m
- Depreciation -€41,308
down €41,308 (-76.2%), from €54,237 to €12,929
- Services and other goods -€29,187
down €29,187 (-8.1%), from €359,780 to €330,593
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
€11.8m
Turnover
-€19,302
Services and other goods
+€29,187
Depreciation
+€41,308
Other operating charges
+€13,445
Other operating items
-€10.9m
Financial income
-€2.9m
Financial charges
-€1.3m
Taxes
+€6.2m
Result 2025
€3.0m
raises the resultlowers the resultnot broken down further in the accounts
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
-€4.9m
Investment
+€5.1m
Financing
-€270,844
Cash 2024
€260,538
From operations (derived)
-€4.9m
Net result for the year
+€3.0m
Depreciation
+€12,929
Receivables after one year
-€4.7m
Receivables within one year
-€217,386
Trade debts
+€10,749
Tax, wage and social debts
-€3.0m
Other debts
+€82,961
Investment (derived)
+€5.1m
Investment in fixed assets (net)
+€1.0m
Current investments
+€4.1m
Financing
-€270,844
Current portion of long-term debt
-€2,217
Contributions, distributions and other
-€268,627
Cash 2025
€191,854
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €36,493,046 | €36,262,272 | -€230,774 | -0.6% |
| Fixed assets | 21/28 | €24,096,699 | €23,044,430 | -€1.1m | -4.4% |
| Tangible fixed assets | 22/27 | €290,945 | €0 | -€290,945 | -100% |
| Plant, machinery and equipment | 23 | €290,945 | €0 | -€290,945 | -100% |
| Financial fixed assets | 28 | €23,805,754 | €23,044,430 | -€761,325 | -3.2% |
| Affiliated companies | 280/1 | €23,805,754 | €23,044,430 | -€761,325 | -3.2% |
| Participating interests | 280 | €11,879,268 | €11,879,268 | = | 0.0% |
| Amounts receivable | 281 | €11,926,486 | €11,165,162 | -€761,325 | -6.4% |
| Current assets | 29/58 | €12,396,347 | €13,217,842 | +€821,496 | +6.6% |
| Amounts receivable after more than one year | 29 | €6,766,743 | €11,504,014 | +€4.7m | +70.0% |
| Other amounts receivable | 291 | €6,766,743 | €11,504,014 | +€4.7m | +70.0% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,304,589 | €1,521,974 | +€217,386 | +16.7% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,304,589 | €1,521,974 | +€217,386 | +16.7% |
| Current investments | 50/53 | €4,064,478 | €0 | -€4.1m | -100% |
| Other investments | 51/53 | €4,064,478 | €0 | -€4.1m | -100% |
| Cash at bank and in hand | 54/58 | €260,538 | €191,854 | -€68,684 | -26.4% |
| Total equity and liabilities | 10/49 | €36,493,046 | €36,262,272 | -€230,774 | -0.6% |
| Equity | 10/15 | €33,336,255 | €36,063,902 | +€2.7m | +8.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €9,508,980 | €9,508,980 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €23,806,815 | €26,534,462 | +€2.7m | +11.5% |
| Amounts payable | 17/49 | €3,156,791 | €198,370 | -€3.0m | -93.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Credit institutions | 173 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €3,156,791 | €198,370 | -€3.0m | -93.7% |
| Current portion of amounts payable after more than one year | 42 | €2,217 | €0 | -€2,217 | -100% |
| Trade debts | 44 | €51,735 | €62,484 | +€10,749 | +20.8% |
| Suppliers | 440/4 | €51,735 | €62,484 | +€10,749 | +20.8% |
| Taxes, remuneration and social security | 45 | €3,102,838 | €52,924 | -€3.0m | -98.3% |
| Taxes | 450/3 | €3,102,838 | €52,924 | -€3.0m | -98.3% |
| Other amounts payable | 47/48 | €1 | €82,962 | +€82,961 | +8,296,094% |
| Operating income | 70/76A | €11,217,637 | €382,955 | -€10.8m | -96.6% |
| Turnover | 70 | €320,040 | €300,738 | -€19,302 | -6.0% |
| Other operating income | 74 | €0 | - | = | |
| Non-recurring operating income | 76A | €10,897,597 | €82,218 | -€10.8m | -99.2% |
| Operating charges | 60/66A | €439,676 | €471,354 | +€31,678 | +7.2% |
| Services and other goods | 61 | €359,780 | €330,593 | -€29,187 | -8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,237 | €12,929 | -€41,308 | -76.2% |
| Other operating charges | 640/8 | €25,659 | €12,214 | -€13,445 | -52.4% |
| Non-recurring operating charges | 66A | €0 | €115,619 | +€115,619 | |
| Operating profit (loss) | 9901 | €10,777,961 | -€88,399 | -€10.9m | |
| Financial income | 75/76B | €4,353,749 | €1,451,458 | -€2.9m | -66.7% |
| Recurring financial income | 75 | €4,353,749 | €1,451,458 | -€2.9m | -66.7% |
| Income from financial fixed assets | 750 | €0 | - | = | |
| Income from current assets | 751 | €4,318,114 | €1,442,204 | -€2.9m | -66.6% |
| Other financial income | 752/9 | €35,635 | €9,254 | -€26,381 | -74.0% |
| Non-recurring financial income | 76B | - | €0 | = | |
| Financial charges | 65/66B | €37,532 | €1,336,381 | +€1.3m | +3,461% |
| Recurring financial charges | 65 | €12,632 | €1,336,381 | +€1.3m | +10,479% |
| Debt charges | 650 | €7,230 | €1,334,096 | +€1.3m | +18,353% |
| Other financial charges | 652/9 | €5,403 | €2,284 | -€3,118 | -57.7% |
| Non-recurring financial charges | 66B | €24,900 | €0 | -€24,900 | -100% |
| Profit (loss) for the period before taxes | 9903 | €15,094,178 | €26,679 | -€15.1m | -99.8% |
| Income taxes | 67/77 | €3,248,519 | -€2,969,595 | -€6.2m | |
| Taxes | 670/3 | €3,248,519 | €0 | -€3.2m | -100% |
| Tax adjustments and reversals of tax provisions | 77 | - | €2,969,595 | +€3.0m | |
| Profit (loss) for the period | 9904 | €11,845,659 | €2,996,274 | -€8.8m | -74.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,845,659 | €2,996,274 | -€8.8m | -74.7% |
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 21 October 2026 via checked.be.