ROYALE FISH: 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 FISH
Largest movements
- Stocks and contracts +€11,005
up €11,005 (+267.4%), from €4,115 to €15,120
- Cash -€3,172
down €3,172 (-16.3%), from €19,503 to €16,331
mainly Stocks and contracts (-€11,005) and Tax, wage and social debts (-€731)
- Trade debts +€5,582
up €5,582 (+47.9%), from €11,665 to €17,247
- Profit (loss) carried forward +€1,416
up €1,416 (+5.9%), from -€23,988 to -€22,573
- Current portion of long-term debt +€1,000
up €1,000 (+16.7%), from €6,000 to €7,000
- Tax, wage and social debts -€731
down €731 (-7.0%), from €10,373 to €9,642
of which Remuneration and social security: -€442
- Write-downs -€10,060
no longer reported in 2025 (was €10,060)
- Gross operating margin -€5,460
down €5,460 (-37.0%), from €14,771 to €9,311
- Staff costs +€4,891
new in 2025: €4,891
- Other operating charges -€726
down €726 (-25.2%), from €2,877 to €2,151
- Financial charges -€301
down €301 (-29.7%), from €1,014 to €713
of which Financial charges: -€492
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 | €32,289 | €39,556 | +€7,267 | +22.5% |
| Fixed assets | 21/28 | €450 | €250 | -€200 | -44.4% |
| Tangible fixed assets | 22/27 | €200 | - | -€200 | |
| Plant, machinery and equipment | 23 | €200 | - | -€200 | |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €31,839 | €39,306 | +€7,467 | +23.5% |
| Stocks and contracts in progress | 3 | €4,115 | €15,120 | +€11,005 | +267.4% |
| Stocks | 30/36 | €4,115 | €15,120 | +€11,005 | +267.4% |
| Amounts receivable within one year | 40/41 | €8,221 | €7,854 | -€366 | -4.5% |
| Trade receivables | 40 | €6,417 | €6,654 | +€237 | +3.7% |
| Other amounts receivable | 41 | €1,804 | €1,200 | -€604 | -33.5% |
| Cash at bank and in hand | 54/58 | €19,503 | €16,331 | -€3,172 | -16.3% |
| Total equity and liabilities | 10/49 | €32,289 | €39,556 | +€7,267 | +22.5% |
| Equity | 10/15 | €4,251 | €5,667 | +€1,416 | +33.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,639 | €9,639 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,639 | €9,639 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,639 | €9,639 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,988 | -€22,573 | +€1,416 | +5.9% |
| Amounts payable | 17/49 | €28,038 | €33,889 | +€5,851 | +20.9% |
| Amounts payable within one year | 42/48 | €28,038 | €33,889 | +€5,851 | +20.9% |
| Current portion of amounts payable after more than one year | 42 | €6,000 | €7,000 | +€1,000 | +16.7% |
| Trade debts | 44 | €11,665 | €17,247 | +€5,582 | +47.9% |
| Suppliers | 440/4 | €11,665 | €17,247 | +€5,582 | +47.9% |
| Taxes, remuneration and social security | 45 | €10,373 | €9,642 | -€731 | -7.0% |
| Taxes | 450/3 | €2,692 | €2,404 | -€288 | -10.7% |
| Remuneration and social security | 454/9 | €7,681 | €7,238 | -€442 | -5.8% |
| Remuneration, social security and pensions | 62 | - | €4,891 | +€4,891 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €200 | €200 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,060 | - | -€10,060 | |
| Other operating charges | 640/8 | €2,877 | €2,151 | -€726 | -25.2% |
| Gross operating margin | 9900 | €14,771 | €9,311 | -€5,460 | -37.0% |
| Operating profit (loss) | 9901 | €1,633 | €2,069 | +€435 | +26.7% |
| Financial income | 75/76B | €58 | €60 | +€2 | +3.4% |
| Recurring financial income | 75 | €8 | €60 | +€52 | +650.0% |
| Non-recurring financial income | 76B | €50 | €60 | +€10 | +20.0% |
| Financial charges | 65/66B | €1,014 | €713 | -€301 | -29.7% |
| Recurring financial charges | 65 | €1,014 | €522 | -€492 | -48.6% |
| Non-recurring financial charges | 66B | - | €191 | +€191 | |
| Profit (loss) for the period before taxes | 9903 | €677 | €1,416 | +€739 | +109.1% |
| Profit (loss) for the period | 9904 | €677 | €1,416 | +€739 | +109.1% |
| Profit (loss) for the period to be appropriated | 9905 | €677 | €1,416 | +€739 | +109.1% |
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 29 September 2026 via checked.be.