ROYALE DE CHINE: 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 DE CHINE
Largest movements
- Tangible fixed assets -€53,475
down €53,475 (-10.5%), from €508,149 to €454,674
of which Land and buildings: -€32,219
- Receivables within one year +€21,688
up €21,688 (+5.3%), from €407,709 to €429,397
of which Other amounts receivable: +€24,188
- Cash +€13,203
up €13,203 (+15.6%), from €84,619 to €97,822
mainly Depreciation (+€53,475) and Net result for the year (+€38,783)
- Debts after one year -€64,351
down €64,351 (-53.1%), from €121,157 to €56,806
- Profit (loss) carried forward +€38,783
up €38,783 (+6.6%), from €590,462 to €629,245
- Trade debts -€27,832
down €27,832 (-64.3%), from €43,268 to €15,437
- Tax, wage and social debts +€14,394
up €14,394 (+79.0%), from €18,227 to €32,620
- Other debts +€10,481
up €10,481 (+60.1%), from €17,453 to €27,934
- Gross operating margin -€18,097
down €18,097 (-14.2%), from €127,148 to €109,051
- Financial income +€11,708
up €11,708 (+183%), from €6,389 to €18,097
- Depreciation -€2,283
down €2,283 (-4.1%), from €55,759 to €53,475
- Financial charges -€1,886
down €1,886 (-22.4%), from €8,403 to €6,518
- Taxes +€1,362
up €1,362 (+8.9%), from €15,258 to €16,620
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,008,044 | €981,893 | -€26,151 | -2.6% |
| Fixed assets | 21/28 | €508,149 | €454,674 | -€53,475 | -10.5% |
| Tangible fixed assets | 22/27 | €508,149 | €454,674 | -€53,475 | -10.5% |
| Land and buildings | 22 | €438,059 | €405,841 | -€32,219 | -7.4% |
| Plant, machinery and equipment | 23 | €23,335 | €21,551 | -€1,784 | -7.6% |
| Furniture and vehicles | 24 | €46,755 | €27,282 | -€19,473 | -41.6% |
| Current assets | 29/58 | €499,895 | €527,219 | +€27,324 | +5.5% |
| Amounts receivable within one year | 40/41 | €407,709 | €429,397 | +€21,688 | +5.3% |
| Trade receivables | 40 | €87,685 | €85,185 | -€2,500 | -2.9% |
| Other amounts receivable | 41 | €320,024 | €344,212 | +€24,188 | +7.6% |
| Cash at bank and in hand | 54/58 | €84,619 | €97,822 | +€13,203 | +15.6% |
| Deferred charges and accrued income | 490/1 | €7,567 | - | -€7,567 | |
| Total equity and liabilities | 10/49 | €1,008,044 | €981,893 | -€26,151 | -2.6% |
| Equity | 10/15 | €735,962 | €774,745 | +€38,783 | +5.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €115,500 | €115,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €52,500 | €52,500 | = | 0.0% |
| Distributable reserves | 133 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €590,462 | €629,245 | +€38,783 | +6.6% |
| Provisions and deferred taxes | 16 | €10,000 | €10,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €10,000 | €10,000 | = | 0.0% |
| Environmental obligations | 163 | - | €10,000 | +€10,000 | |
| Other liabilities and charges | 164/5 | €10,000 | - | -€10,000 | |
| Amounts payable | 17/49 | €262,082 | €197,148 | -€64,934 | -24.8% |
| Amounts payable after more than one year | 17 | €121,157 | €56,806 | -€64,351 | -53.1% |
| Financial debts | 170/4 | €121,157 | €56,806 | -€64,351 | -53.1% |
| Amounts payable within one year | 42/48 | €140,925 | €140,342 | -€583 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €61,977 | €64,351 | +€2,374 | +3.8% |
| Trade debts | 44 | €43,268 | €15,437 | -€27,832 | -64.3% |
| Suppliers | 440/4 | €43,268 | €15,437 | -€27,832 | -64.3% |
| Taxes, remuneration and social security | 45 | €18,227 | €32,620 | +€14,394 | +79.0% |
| Taxes | 450/3 | €18,227 | €32,620 | +€14,394 | +79.0% |
| Other amounts payable | 47/48 | €17,453 | €27,934 | +€10,481 | +60.1% |
| Non-recurring operating income | 76A | €1,408 | - | -€1,408 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,759 | €53,475 | -€2,283 | -4.1% |
| Other operating charges | 640/8 | €11,319 | €11,752 | +€434 | +3.8% |
| Non-recurring operating charges | 66A | €2,056 | - | -€2,056 | |
| Gross operating margin | 9900 | €127,148 | €109,051 | -€18,097 | -14.2% |
| Operating profit (loss) | 9901 | €58,015 | €43,824 | -€14,191 | -24.5% |
| Financial income | 75/76B | €6,389 | €18,097 | +€11,708 | +183% |
| Recurring financial income | 75 | €6,389 | €18,097 | +€11,708 | +183% |
| Financial charges | 65/66B | €8,403 | €6,518 | -€1,886 | -22.4% |
| Recurring financial charges | 65 | €8,403 | €6,518 | -€1,886 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | €56,001 | €55,403 | -€598 | -1.1% |
| Income taxes | 67/77 | €15,258 | €16,620 | +€1,362 | +8.9% |
| Profit (loss) for the period | 9904 | €40,743 | €38,783 | -€1,960 | -4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €40,743 | €38,783 | -€1,960 | -4.8% |
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 30 October 2026 via checked.be.