ROYALEMBAL: 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
ROYALEMBAL
NACE 82.920, Office administrative, office support and other business support activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€70,402
2024 · -€11,515+€81,917
Equity
€1.4m
2024 · €1.3m+€69,897
Cash
€588,562
2024 · €606,667-€18,105
Balance sheet total
€2.3m
2024 · €2.3m-€23,986
Largest movements
Assets
- Tangible fixed assets -€114,051
down €114,051 (-7.9%), from €1.5m to €1.3m
of which Leasing and similar rights: -€68,093
- Intangible fixed assets +€66,841
up €66,841 (+997%), from €6,705 to €73,546
- Receivables within one year +€26,060
up €26,060 (+14.4%), from €181,230 to €207,290
of which Trade receivables: +€93,324
Equity and liabilities
- Profit (loss) carried forward +€70,402
up €70,402 (+5.5%), from €1.3m to €1.4m
- Trade debts -€41,106
down €41,106 (-65.9%), from €62,332 to €21,226
- Current portion of long-term debt -€33,320
down €33,320 (-29.5%), from €112,961 to €79,641
- Tax, wage and social debts -€24,652
down €24,652 (-21.0%), from €117,141 to €92,489
of which Remuneration and social security: -€24,876
Income statement
- Gross operating margin +€206,378
up €206,378 (+17.2%), from €1.2m to €1.4m
- Staff costs +€123,512
up €123,512 (+13.3%), from €930,786 to €1.1m
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
-€11,515
Gross operating margin
+€206,378
Staff costs
-€123,512
Depreciation
+€8,354
Provisions
-€3,200
Other operating charges
+€51
Other operating items
+€106
Financial income
+€410
Financial charges
-€6,869
Taxes
+€200
Result 2025
€70,402
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
+€227,606
Investment
-€210,049
Financing
-€35,662
Cash 2024
€606,667
From operations (derived)
+€227,606
Net result for the year
+€70,402
Depreciation
+€257,259
Stocks and contracts
-€11,754
Receivables within one year
-€26,060
Deferred charges and accrued income
-€3,515
Trade debts
-€41,106
Tax, wage and social debts
-€24,652
Accrued charges and deferred income
+€7,031
Investment (derived)
-€210,049
Investment in fixed assets (net)
-€210,049
Financing
-€35,662
Debts after one year
-€14,643
Current portion of long-term debt
-€33,320
Short-term financial debts
+€12,807
Contributions, distributions and other
-€505
Cash 2025
€588,562
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,345,758 | €2,321,772 | -€23,986 | -1.0% |
| Fixed assets | 21/28 | €1,459,348 | €1,412,138 | -€47,210 | -3.2% |
| Intangible fixed assets | 21 | €6,705 | €73,546 | +€66,841 | +997% |
| Tangible fixed assets | 22/27 | €1,450,669 | €1,336,618 | -€114,051 | -7.9% |
| Land and buildings | 22 | €1,440 | €1,440 | = | 0.0% |
| Plant, machinery and equipment | 23 | €412,568 | €350,754 | -€61,813 | -15.0% |
| Furniture and vehicles | 24 | €17,667 | €33,522 | +€15,855 | +89.7% |
| Leasing and similar rights | 25 | €935,354 | €867,262 | -€68,093 | -7.3% |
| Other tangible fixed assets | 26 | €83,640 | €83,640 | = | 0.0% |
| Financial fixed assets | 28 | €1,974 | €1,974 | = | 0.0% |
| Current assets | 29/58 | €886,409 | €909,633 | +€23,224 | +2.6% |
| Stocks and contracts in progress | 3 | €88,973 | €100,727 | +€11,754 | +13.2% |
| Stocks | 30/36 | €88,973 | €100,727 | +€11,754 | +13.2% |
| Amounts receivable within one year | 40/41 | €181,230 | €207,290 | +€26,060 | +14.4% |
| Trade receivables | 40 | €21,780 | €115,104 | +€93,324 | +428% |
| Other amounts receivable | 41 | €159,450 | €92,186 | -€67,264 | -42.2% |
| Cash at bank and in hand | 54/58 | €606,667 | €588,562 | -€18,105 | -3.0% |
| Deferred charges and accrued income | 490/1 | €9,540 | €13,055 | +€3,515 | +36.8% |
| Total equity and liabilities | 10/49 | €2,345,758 | €2,321,772 | -€23,986 | -1.0% |
| Equity | 10/15 | €1,342,448 | €1,412,345 | +€69,897 | +5.2% |
| Contributions | 10/11 | €42,100 | €42,100 | = | 0.0% |
| Reserves | 13 | €4,210 | €4,210 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,210 | €4,210 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,210 | €4,210 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,287,470 | €1,357,872 | +€70,402 | +5.5% |
| Investment grants | 15 | €8,668 | €8,163 | -€505 | -5.8% |
| Provisions and deferred taxes | 16 | €3,066 | €3,066 | = | 0.0% |
| Deferred taxes | 168 | €3,066 | €3,066 | = | 0.0% |
| Amounts payable | 17/49 | €1,000,244 | €906,361 | -€93,883 | -9.4% |
| Amounts payable after more than one year | 17 | €697,848 | €683,204 | -€14,643 | -2.1% |
| Financial debts | 170/4 | €697,848 | €683,204 | -€14,643 | -2.1% |
| Amounts payable within one year | 42/48 | €293,578 | €207,306 | -€86,271 | -29.4% |
| Current portion of amounts payable after more than one year | 42 | €112,961 | €79,641 | -€33,320 | -29.5% |
| Financial debts | 43 | - | €12,807 | +€12,807 | |
| Credit institutions | 430/8 | - | €12,807 | +€12,807 | |
| Trade debts | 44 | €62,332 | €21,226 | -€41,106 | -65.9% |
| Suppliers | 440/4 | €62,332 | €21,226 | -€41,106 | -65.9% |
| Taxes, remuneration and social security | 45 | €117,141 | €92,489 | -€24,652 | -21.0% |
| Taxes | 450/3 | - | €224 | +€224 | |
| Remuneration and social security | 454/9 | €117,141 | €92,265 | -€24,876 | -21.2% |
| Other amounts payable | 47/48 | €1,143 | €1,143 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €8,819 | €15,851 | +€7,031 | +79.7% |
| Remuneration, social security and pensions | 62 | €930,786 | €1,054,298 | +€123,512 | +13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €265,613 | €257,259 | -€8,354 | -3.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€3,200 | - | +€3,200 | |
| Other operating charges | 640/8 | €549 | €498 | -€51 | -9.3% |
| Non-recurring operating charges | 66A | €106 | - | -€106 | |
| Gross operating margin | 9900 | €1,200,988 | €1,407,366 | +€206,378 | +17.2% |
| Operating profit (loss) | 9901 | €7,134 | €95,311 | +€88,177 | +1,236% |
| Financial income | 75/76B | €1,331 | €1,741 | +€410 | +30.8% |
| Recurring financial income | 75 | €1,331 | €1,741 | +€410 | +30.8% |
| Financial charges | 65/66B | €19,780 | €26,649 | +€6,869 | +34.7% |
| Recurring financial charges | 65 | €19,780 | €26,649 | +€6,869 | +34.7% |
| Profit (loss) for the period before taxes | 9903 | -€11,315 | €70,402 | +€81,718 | |
| Income taxes | 67/77 | €200 | - | -€200 | |
| Profit (loss) for the period | 9904 | -€11,515 | €70,402 | +€81,917 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,515 | €70,402 | +€81,917 |
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 25 October 2026 via checked.be.