ROYALE 2000: 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.
ROYALE 2000
Largest movements
- Cash -€86,736
down €86,736 (-26.4%), from €328,126 to €241,390
mainly Trade debts (-€103,469) and Stocks and contracts (-€15,310)
- Stocks and contracts +€15,310
up €15,310 (+15.3%), from €100,032 to €115,342
- Trade debts -€103,469
down €103,469 (-43.7%), from €236,509 to €133,041
- Tax, wage and social debts +€23,148
up €23,148 (+15.5%), from €149,107 to €172,255
of which Remuneration and social security: +€17,281
- Gross operating margin -€32,268
down €32,268 (-7.8%), from €413,497 to €381,229
- Staff costs -€25,376
down €25,376 (-7.4%), from €342,030 to €316,654
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 | €659,106 | €582,079 | -€77,027 | -11.7% |
| Fixed assets | 21/28 | €2,107 | €1,106 | -€1,001 | -47.5% |
| Tangible fixed assets | 22/27 | €2,107 | €1,106 | -€1,001 | -47.5% |
| Furniture and vehicles | 24 | €2,107 | €1,106 | -€1,001 | -47.5% |
| Current assets | 29/58 | €656,998 | €580,972 | -€76,026 | -11.6% |
| Stocks and contracts in progress | 3 | €100,032 | €115,342 | +€15,310 | +15.3% |
| Stocks | 30/36 | €100,032 | €115,342 | +€15,310 | +15.3% |
| Amounts receivable within one year | 40/41 | €228,841 | €224,240 | -€4,600 | -2.0% |
| Trade receivables | 40 | €228,841 | €224,240 | -€4,600 | -2.0% |
| Cash at bank and in hand | 54/58 | €328,126 | €241,390 | -€86,736 | -26.4% |
| Total equity and liabilities | 10/49 | €659,106 | €582,079 | -€77,027 | -11.7% |
| Equity | 10/15 | €269,417 | €272,710 | +€3,293 | +1.2% |
| Contributions | 10/11 | €53,592 | €53,592 | = | 0.0% |
| Reserves | 13 | €35,420 | €35,420 | = | 0.0% |
| Non-distributable reserves | 130/1 | €35,420 | €35,420 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,359 | €5,359 | = | 0.0% |
| Other | 1319 | €30,061 | €30,061 | = | 0.0% |
| Profit (loss) carried forward | 14 | €180,405 | €183,698 | +€3,293 | +1.8% |
| Amounts payable | 17/49 | €389,689 | €309,369 | -€80,321 | -20.6% |
| Amounts payable within one year | 42/48 | €389,689 | €309,369 | -€80,321 | -20.6% |
| Trade debts | 44 | €236,509 | €133,041 | -€103,469 | -43.7% |
| Suppliers | 440/4 | €236,509 | €133,041 | -€103,469 | -43.7% |
| Taxes, remuneration and social security | 45 | €149,107 | €172,255 | +€23,148 | +15.5% |
| Taxes | 450/3 | €34,015 | €39,882 | +€5,867 | +17.2% |
| Remuneration and social security | 454/9 | €115,091 | €132,372 | +€17,281 | +15.0% |
| Other amounts payable | 47/48 | €4,073 | €4,073 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €342,030 | €316,654 | -€25,376 | -7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,237 | €1,001 | -€236 | -19.1% |
| Other operating charges | 640/8 | €56,418 | €55,393 | -€1,025 | -1.8% |
| Gross operating margin | 9900 | €413,497 | €381,229 | -€32,268 | -7.8% |
| Operating profit (loss) | 9901 | €13,812 | €8,181 | -€5,631 | -40.8% |
| Financial income | 75/76B | €3,176 | €3,772 | +€596 | +18.8% |
| Recurring financial income | 75 | €3,176 | €3,772 | +€596 | +18.8% |
| Financial charges | 65/66B | €2,582 | €3,660 | +€1,078 | +41.7% |
| Recurring financial charges | 65 | €2,582 | €3,660 | +€1,078 | +41.7% |
| Profit (loss) for the period before taxes | 9903 | €14,406 | €8,293 | -€6,113 | -42.4% |
| Income taxes | 67/77 | €3,948 | €5,000 | +€1,052 | +26.6% |
| Profit (loss) for the period | 9904 | €10,458 | €3,293 | -€7,165 | -68.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,458 | €3,293 | -€7,165 | -68.5% |
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 10 October 2026 via checked.be.