ROYALE 67: 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.
ROYALE 67
Largest movements
- Tangible fixed assets -€154,174
down €154,174 (-4.6%), from €3.3m to €3.2m
of which Land and buildings: -€195,573
- Cash +€138,475
up €138,475 (+93.8%), from €147,612 to €286,087
mainly Other debts (+€2.0m) and Net result for the year (+€361,565)
- Other debts +€2.0m
up €2.0m (+4372.4%), from €45,417 to €2.0m
- Profit (loss) carried forward -€1.5m
down €1.5m (-99.4%), from €1.5m to €9,433
- Debts after one year -€300,000
down €300,000 (-40.0%), from €750,000 to €450,000
- Trade debts -€75,515
down €75,515 (-25.7%), from €294,142 to €218,627
- Tax, wage and social debts -€69,171
down €69,171 (-43.1%), from €160,642 to €91,471
- Taxes -€58,937
down €58,937 (-74.9%), from €78,710 to €19,773
- Services and other goods -€31,319
down €31,319 (-12.1%), from €258,284 to €226,965
- Turnover +€22,588
up €22,588 (+2.8%), from €807,197 to €829,785
- Financial charges -€11,516
down €11,516 (-23.3%), from €49,434 to €37,918
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 | €4,527,659 | €4,534,764 | +€7,105 | +0.2% |
| Fixed assets | 21/28 | €3,346,187 | €3,192,013 | -€154,174 | -4.6% |
| Tangible fixed assets | 22/27 | €3,346,187 | €3,192,013 | -€154,174 | -4.6% |
| Land and buildings | 22 | €3,132,347 | €2,936,774 | -€195,573 | -6.2% |
| Assets under construction and advance payments | 27 | €213,840 | €255,239 | +€41,399 | +19.4% |
| Current assets | 29/58 | €1,181,472 | €1,342,751 | +€161,279 | +13.7% |
| Amounts receivable within one year | 40/41 | €1,029,113 | €1,051,879 | +€22,766 | +2.2% |
| Trade receivables | 40 | €206,052 | €215,814 | +€9,762 | +4.7% |
| Other amounts receivable | 41 | €823,061 | €836,065 | +€13,004 | +1.6% |
| Cash at bank and in hand | 54/58 | €147,612 | €286,087 | +€138,475 | +93.8% |
| Deferred charges and accrued income | 490/1 | €4,747 | €4,785 | +€38 | +0.8% |
| Total equity and liabilities | 10/49 | €4,527,659 | €4,534,764 | +€7,105 | +0.2% |
| Equity | 10/15 | €2,770,650 | €1,232,216 | -€1.5m | -55.5% |
| Contributions | 10/11 | €1,111,621 | €1,111,621 | = | 0.0% |
| Capital | 10 | €1,111,621 | €1,111,621 | = | 0.0% |
| Issued capital | 100 | €1,111,621 | €1,111,621 | = | 0.0% |
| Reserves | 13 | €111,162 | €111,162 | = | 0.0% |
| Non-distributable reserves | 130/1 | €111,162 | €111,162 | = | 0.0% |
| Legal reserve | 130 | €111,162 | €111,162 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,547,867 | €9,433 | -€1.5m | -99.4% |
| Amounts payable | 17/49 | €1,757,009 | €3,302,548 | +€1.5m | +88.0% |
| Amounts payable after more than one year | 17 | €750,000 | €450,000 | -€300,000 | -40.0% |
| Financial debts | 170/4 | €750,000 | €450,000 | -€300,000 | -40.0% |
| Credit institutions | 173 | €750,000 | €450,000 | -€300,000 | -40.0% |
| Amounts payable within one year | 42/48 | €800,201 | €2,641,308 | +€1.8m | +230.1% |
| Current portion of amounts payable after more than one year | 42 | €300,000 | €300,000 | = | 0.0% |
| Trade debts | 44 | €294,142 | €218,627 | -€75,515 | -25.7% |
| Suppliers | 440/4 | €294,142 | €218,627 | -€75,515 | -25.7% |
| Taxes, remuneration and social security | 45 | €160,642 | €91,471 | -€69,171 | -43.1% |
| Taxes | 450/3 | €160,642 | €91,471 | -€69,171 | -43.1% |
| Other amounts payable | 47/48 | €45,417 | €2,031,210 | +€2.0m | +4372.4% |
| Accrued charges and deferred income | 492/3 | €206,808 | €211,240 | +€4,432 | +2.1% |
| Operating income | 70/76A | €807,197 | €829,785 | +€22,588 | +2.8% |
| Turnover | 70 | €807,197 | €829,785 | +€22,588 | +2.8% |
| Operating charges | 60/66A | €456,606 | €423,536 | -€33,070 | -7.2% |
| Services and other goods | 61 | €258,284 | €226,965 | -€31,319 | -12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €197,157 | €195,573 | -€1,584 | -0.8% |
| Other operating charges | 640/8 | €1,165 | €998 | -€167 | -14.3% |
| Operating profit (loss) | 9901 | €350,591 | €406,249 | +€55,658 | +15.9% |
| Financial income | 75/76B | €13,681 | €13,007 | -€674 | -4.9% |
| Recurring financial income | 75 | €13,681 | €13,007 | -€674 | -4.9% |
| Income from current assets | 751 | €13,040 | €13,007 | -€33 | -0.3% |
| Other financial income | 752/9 | €641 | - | -€641 | |
| Financial charges | 65/66B | €49,434 | €37,918 | -€11,516 | -23.3% |
| Recurring financial charges | 65 | €49,434 | €37,918 | -€11,516 | -23.3% |
| Debt charges | 650 | €48,740 | €36,670 | -€12,070 | -24.8% |
| Other financial charges | 652/9 | €694 | €1,248 | +€554 | +79.8% |
| Profit (loss) for the period before taxes | 9903 | €314,838 | €381,338 | +€66,500 | +21.1% |
| Income taxes | 67/77 | €78,710 | €19,773 | -€58,937 | -74.9% |
| Taxes | 670/3 | €78,710 | €95,342 | +€16,632 | +21.1% |
| Tax adjustments and reversals of tax provisions | 77 | - | €75,569 | +€75,569 | |
| Profit (loss) for the period | 9904 | €236,128 | €361,565 | +€125,437 | +53.1% |
| Profit (loss) for the period to be appropriated | 9905 | €236,128 | €361,565 | +€125,437 | +53.1% |
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 7 October 2026 via checked.be.