ROYALIMMO: 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.
ROYALIMMO
Largest movements
- Tangible fixed assets +€35,592
up €35,592 (+19.5%), from €182,886 to €218,478
of which Plant, machinery and equipment: +€35,592
- Receivables within one year -€20,908
down €20,908 (-61.4%), from €34,074 to €13,166
of which Other amounts receivable: -€17,334
- Cash -€18,586
down €18,586 (-93.7%), from €19,832 to €1,246
mainly Investment in fixed assets (net) (-€52,691) and Current investments (-€5,257)
- Reserves +€10,000
up €10,000 (+2.7%), from €370,779 to €380,779
of which Distributable reserves: +€10,000
- Staff costs -€38,642
down €38,642, from €38,398 to -€244
- Gross operating margin -€33,798
down €33,798 (-35.8%), from €94,459 to €60,661
- Depreciation +€5,114
up €5,114 (+43.4%), from €11,785 to €16,899
- Other operating charges +€1,749
up €1,749 (+6.2%), from €28,132 to €29,881
- Taxes -€1,208
down €1,208 (-19.1%), from €6,321 to €5,113
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 | €596,609 | €598,165 | +€1,556 | +0.3% |
| Fixed assets | 21/28 | €182,911 | €218,703 | +€35,792 | +19.6% |
| Tangible fixed assets | 22/27 | €182,886 | €218,478 | +€35,592 | +19.5% |
| Land and buildings | 22 | €73,921 | €73,921 | = | 0.0% |
| Plant, machinery and equipment | 23 | €108,965 | €144,557 | +€35,592 | +32.7% |
| Financial fixed assets | 28 | €25 | €225 | +€200 | +800.0% |
| Current assets | 29/58 | €413,698 | €379,462 | -€34,236 | -8.3% |
| Stocks and contracts in progress | 3 | €18,500 | €18,500 | = | 0.0% |
| Stocks | 30/36 | €18,500 | €18,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €34,074 | €13,166 | -€20,908 | -61.4% |
| Trade receivables | 40 | €3,574 | - | -€3,574 | |
| Other amounts receivable | 41 | €30,500 | €13,166 | -€17,334 | -56.8% |
| Current investments | 50/53 | €341,193 | €346,450 | +€5,257 | +1.5% |
| Cash at bank and in hand | 54/58 | €19,832 | €1,246 | -€18,586 | -93.7% |
| Deferred charges and accrued income | 490/1 | €99 | €100 | +€1 | +1.0% |
| Total equity and liabilities | 10/49 | €596,609 | €598,165 | +€1,556 | +0.3% |
| Equity | 10/15 | €561,484 | €572,474 | +€10,990 | +2.0% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €370,779 | €380,779 | +€10,000 | +2.7% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €41,953 | €41,953 | = | 0.0% |
| Distributable reserves | 133 | €321,326 | €331,326 | +€10,000 | +3.1% |
| Profit (loss) carried forward | 14 | €115,705 | €116,695 | +€990 | +0.9% |
| Amounts payable | 17/49 | €35,125 | €25,691 | -€9,434 | -26.9% |
| Amounts payable within one year | 42/48 | €33,802 | €25,691 | -€8,111 | -24.0% |
| Trade debts | 44 | €12,731 | €9,026 | -€3,705 | -29.1% |
| Suppliers | 440/4 | €12,731 | €9,026 | -€3,705 | -29.1% |
| Taxes, remuneration and social security | 45 | €10,027 | €5,917 | -€4,110 | -41.0% |
| Taxes | 450/3 | €10,027 | €5,917 | -€4,110 | -41.0% |
| Other amounts payable | 47/48 | €11,044 | €10,748 | -€296 | -2.7% |
| Accrued charges and deferred income | 492/3 | €1,323 | - | -€1,323 | |
| Non-recurring operating income | 76A | €605 | €10,030 | +€9,425 | +1557.9% |
| Remuneration, social security and pensions | 62 | €38,398 | -€244 | -€38,642 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,785 | €16,899 | +€5,114 | +43.4% |
| Other operating charges | 640/8 | €28,132 | €29,881 | +€1,749 | +6.2% |
| Gross operating margin | 9900 | €94,459 | €60,661 | -€33,798 | -35.8% |
| Operating profit (loss) | 9901 | €16,144 | €14,125 | -€2,019 | -12.5% |
| Financial income | 75/76B | €2,111 | €2,075 | -€36 | -1.7% |
| Recurring financial income | 75 | €2,111 | €2,075 | -€36 | -1.7% |
| Financial charges | 65/66B | €104 | €97 | -€7 | -6.7% |
| Recurring financial charges | 65 | €104 | €97 | -€7 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €18,151 | €16,103 | -€2,048 | -11.3% |
| Income taxes | 67/77 | €6,321 | €5,113 | -€1,208 | -19.1% |
| Profit (loss) for the period | 9904 | €11,830 | €10,990 | -€840 | -7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €11,830 | €10,990 | -€840 | -7.1% |
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 6 October 2026 via checked.be.