Royale Lacroix: 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
Royale Lacroix
NACE 10.420, Manufacture of margarine and similar edible fats
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2.0m
2024 · €2.4m-€402,375
Equity
€15.3m
2024 · €13.3m+€2.0m
Cash
€3.4m
2024 · €4.3m-€974,020
Balance sheet total
€18.5m
2024 · €19.4m-€931,419
Largest movements
Assets
- Tangible fixed assets +€1.5m
up €1.5m (+28.9%), from €5.2m to €6.7m
of which Plant, machinery and equipment: +€2.3m
- Cash -€974,020
down €974,020 (-22.5%), from €4.3m to €3.4m
mainly Investment in fixed assets (net) (-€2.5m) and Trade debts (-€1.8m)
- Receivables within one year -€734,809
down €734,809 (-10.6%), from €6.9m to €6.2m
of which Other amounts receivable: -€446,467
- Deferred charges and accrued income -€490,592
down €490,592 (-97.6%), from €502,421 to €11,829
- Stocks and contracts -€239,503
down €239,503 (-10.0%), from €2.4m to €2.2m
Equity and liabilities
- Profit (loss) carried forward +€2.0m
up €2.0m (+23.9%), from €8.4m to €10.5m
- Trade debts -€1.8m
down €1.8m (-39.8%), from €4.4m to €2.7m
- Other debts -€1.3m
down €1.3m (-88.7%), from €1.4m to €162,034
Income statement
- Services and other goods -€970,537
down €970,537 (-15.8%), from €6.1m to €5.2m
- Financial income -€514,740
down €514,740 (-78.7%), from €653,922 to €139,181
of which Financial income: -€367,408
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
€2.4m
Turnover
-€300,701
Other operating income
+€102,506
Goods and materials
-€451,425
Services and other goods
+€970,537
Staff costs
-€439,003
Depreciation
-€131,125
Write-downs
+€56,519
Other operating charges
-€14,976
Other operating items
-€257,354
Financial income
-€514,740
Financial charges
+€423,112
Taxes
+€154,275
Result 2025
€2.0m
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
+€1.5m
Investment
-€2.5m
Financing
-€3,059
Cash 2024
€4.3m
From operations (derived)
+€1.5m
Net result for the year
+€2.0m
Depreciation
+€1.0m
Stocks and contracts
+€239,503
Receivables within one year
+€734,809
Deferred charges and accrued income
+€490,592
Trade debts
-€1.8m
Tax, wage and social debts
+€106,252
Other debts
-€1.3m
Accrued charges and deferred income
-€9,933
Investment (derived)
-€2.5m
Investment in fixed assets (net)
-€2.5m
Financing
-€3,059
Contributions, distributions and other
-€3,059
Cash 2025
€3.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,432,442 | €18,501,023 | -€931,419 | -4.8% |
| Fixed assets | 21/28 | €5,279,279 | €6,786,784 | +€1.5m | +28.6% |
| Tangible fixed assets | 22/27 | €5,222,791 | €6,730,296 | +€1.5m | +28.9% |
| Land and buildings | 22 | €2,480,575 | €2,496,184 | +€15,608 | +0.6% |
| Plant, machinery and equipment | 23 | €1,554,651 | €3,833,801 | +€2.3m | +147% |
| Furniture and vehicles | 24 | €257,565 | €400,312 | +€142,747 | +55.4% |
| Assets under construction and advance payments | 27 | €930,000 | - | -€930,000 | |
| Financial fixed assets | 28 | €56,488 | €56,488 | = | 0.0% |
| Affiliated companies | 280/1 | €55,988 | €55,988 | = | 0.0% |
| Participating interests | 280 | €55,988 | €55,988 | = | 0.0% |
| Other financial fixed assets | 284/8 | €500 | €500 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €14,153,164 | €11,714,239 | -€2.4m | -17.2% |
| Stocks and contracts in progress | 3 | €2,397,292 | €2,157,789 | -€239,503 | -10.0% |
| Stocks | 30/36 | €2,397,292 | €2,157,789 | -€239,503 | -10.0% |
| Raw materials and consumables | 30/31 | €896,451 | €653,016 | -€243,435 | -27.2% |
| Finished goods | 33 | €1,500,841 | €1,504,773 | +€3,932 | +0.3% |
| Amounts receivable within one year | 40/41 | €6,922,402 | €6,187,593 | -€734,809 | -10.6% |
| Trade receivables | 40 | €6,394,211 | €6,105,869 | -€288,342 | -4.5% |
| Other amounts receivable | 41 | €528,191 | €81,724 | -€446,467 | -84.5% |
| Cash at bank and in hand | 54/58 | €4,331,048 | €3,357,028 | -€974,020 | -22.5% |
| Deferred charges and accrued income | 490/1 | €502,421 | €11,829 | -€490,592 | -97.6% |
| Total equity and liabilities | 10/49 | €19,432,442 | €18,501,023 | -€931,419 | -4.8% |
| Equity | 10/15 | €13,290,151 | €15,299,349 | +€2.0m | +15.1% |
| Contributions | 10/11 | €1,520,000 | €1,520,000 | = | 0.0% |
| Capital | 10 | €1,520,000 | €1,520,000 | = | 0.0% |
| Issued capital | 100 | €1,520,000 | €1,520,000 | = | 0.0% |
| Reserves | 13 | €3,293,579 | €3,285,159 | -€8,420 | -0.3% |
| Non-distributable reserves | 130/1 | €152,000 | €152,000 | = | 0.0% |
| Legal reserve | 130 | €152,000 | €152,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,141,579 | €3,133,159 | -€8,420 | -0.3% |
| Profit (loss) carried forward | 14 | €8,446,253 | €10,466,930 | +€2.0m | +23.9% |
| Investment grants | 15 | €30,319 | €27,260 | -€3,059 | -10.1% |
| Amounts payable | 17/49 | €6,142,291 | €3,201,675 | -€2.9m | -47.9% |
| Amounts payable within one year | 42/48 | €6,098,111 | €3,167,428 | -€2.9m | -48.1% |
| Trade debts | 44 | €4,447,745 | €2,676,427 | -€1.8m | -39.8% |
| Suppliers | 440/4 | €4,447,745 | €2,676,427 | -€1.8m | -39.8% |
| Taxes, remuneration and social security | 45 | €222,715 | €328,967 | +€106,252 | +47.7% |
| Taxes | 450/3 | €48,109 | €75,969 | +€27,860 | +57.9% |
| Remuneration and social security | 454/9 | €174,605 | €252,998 | +€78,392 | +44.9% |
| Other amounts payable | 47/48 | €1,427,651 | €162,034 | -€1.3m | -88.7% |
| Accrued charges and deferred income | 492/3 | €44,180 | €34,247 | -€9,933 | -22.5% |
| Operating income | 70/76A | €50,185,784 | €49,730,235 | -€455,549 | -0.9% |
| Turnover | 70 | €49,650,219 | €49,349,518 | -€300,701 | -0.6% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €366,625 | €3,932 | -€362,693 | -98.9% |
| Other operating income | 74 | €168,940 | €271,446 | +€102,506 | +60.7% |
| Non-recurring operating income | 76A | - | €105,339 | +€105,339 | |
| Operating charges | 60/66A | €47,048,101 | €47,057,573 | +€9,473 | 0.0% |
| Goods for resale, raw materials and consumables | 60 | €38,854,876 | €39,306,301 | +€451,425 | +1.2% |
| Purchases | 600/8 | €39,156,168 | €39,062,866 | -€93,302 | -0.2% |
| Change in stocks: decrease (increase) | 609 | -€301,292 | €243,435 | +€544,727 | |
| Services and other goods | 61 | €6,144,869 | €5,174,331 | -€970,537 | -15.8% |
| Remuneration, social security and pensions | 62 | €1,034,908 | €1,473,911 | +€439,003 | +42.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €869,685 | €1,000,810 | +€131,125 | +15.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €25,496 | -€31,023 | -€56,519 | |
| Other operating charges | 640/8 | €118,267 | €133,243 | +€14,976 | +12.7% |
| Operating profit (loss) | 9901 | €3,137,684 | €2,672,662 | -€465,022 | -14.8% |
| Financial income | 75/76B | €653,922 | €139,181 | -€514,740 | -78.7% |
| Recurring financial income | 75 | €506,589 | €139,181 | -€367,408 | -72.5% |
| Income from financial fixed assets | 750 | €479,808 | - | -€479,808 | |
| Income from current assets | 751 | €22,124 | €31,503 | +€9,380 | +42.4% |
| Other financial income | 752/9 | €4,658 | €107,678 | +€103,020 | +2,212% |
| Non-recurring financial income | 76B | €147,333 | - | -€147,333 | |
| Financial charges | 65/66B | €549,941 | €126,829 | -€423,112 | -76.9% |
| Recurring financial charges | 65 | €29,941 | €126,829 | +€96,888 | +324% |
| Debt charges | 650 | €225 | €4,777 | +€4,552 | +2,026% |
| Other financial charges | 652/9 | €29,717 | €122,052 | +€92,336 | +311% |
| Non-recurring financial charges | 66B | €520,000 | - | -€520,000 | |
| Profit (loss) for the period before taxes | 9903 | €3,241,664 | €2,685,014 | -€556,650 | -17.2% |
| Income taxes | 67/77 | €827,032 | €672,757 | -€154,275 | -18.7% |
| Taxes | 670/3 | €827,032 | €672,757 | -€154,275 | -18.7% |
| Profit (loss) for the period | 9904 | €2,414,632 | €2,012,257 | -€402,375 | -16.7% |
| Transfer from tax-exempt reserves | 789 | €273,650 | €682,020 | +€408,370 | +149% |
| Transfer to tax-exempt reserves | 689 | €673,600 | €673,600 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,014,682 | €2,020,677 | +€5,995 | +0.3% |
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.