ROYANER: 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.
ROYANER
Largest movements
- Cash -€1.4m
down €1.4m (-66.9%), from €2.0m to €675,610
mainly Debts after one year (-€1.8m) and Accrued charges and deferred income (-€572,911)
- Tangible fixed assets -€761,043
down €761,043 (-6.0%), from €12.8m to €12.0m
- Receivables within one year -€441,006
down €441,006 (-59.2%), from €745,421 to €304,415
of which Trade receivables: -€414,987
- Debts after one year -€1.8m
down €1.8m (-14.1%), from €12.8m to €11.0m
- Accrued charges and deferred income -€572,911
down €572,911 (-66.7%), from €859,250 to €286,339
- Profit (loss) carried forward -€214,485
down €214,485 (-53.0%), from -€404,932 to -€619,417
- Turnover +€211,061
up €211,061 (+18.0%), from €1.2m to €1.4m
- Financial charges -€30,954
down €30,954 (-6.9%), from €450,334 to €419,380
- Services and other goods -€29,976
down €29,976 (-7.4%), from €406,219 to €376,244
- Other operating income +€26,760
up €26,760 (+5.4%), from €492,109 to €518,869
- Other operating charges +€17,407
up €17,407 (+3.2%), from €545,359 to €562,766
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 | €15,685,566 | €13,179,460 | -€2.5m | -16.0% |
| Fixed assets | 21/28 | €12,760,892 | €11,999,849 | -€761,043 | -6.0% |
| Tangible fixed assets | 22/27 | €12,760,892 | €11,999,849 | -€761,043 | -6.0% |
| Land and buildings | 22 | €12,760,892 | €11,999,849 | -€761,043 | -6.0% |
| Current assets | 29/58 | €2,924,674 | €1,179,611 | -€1.7m | -59.7% |
| Amounts receivable within one year | 40/41 | €745,421 | €304,415 | -€441,006 | -59.2% |
| Trade receivables | 40 | €433,047 | €18,060 | -€414,987 | -95.8% |
| Other amounts receivable | 41 | €312,374 | €286,355 | -€26,019 | -8.3% |
| Cash at bank and in hand | 54/58 | €2,040,054 | €675,610 | -€1.4m | -66.9% |
| Deferred charges and accrued income | 490/1 | €139,199 | €199,586 | +€60,387 | +43.4% |
| Total equity and liabilities | 10/49 | €15,685,566 | €13,179,460 | -€2.5m | -16.0% |
| Equity | 10/15 | €1,780,919 | €1,566,434 | -€214,485 | -12.0% |
| Contributions | 10/11 | €1,849,759 | €1,849,759 | = | 0.0% |
| Reserves | 13 | €336,093 | €336,093 | = | 0.0% |
| Non-distributable reserves | 130/1 | €336,093 | €336,093 | = | 0.0% |
| Reserves not available under the articles | 1311 | €336,093 | €336,093 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€404,932 | -€619,417 | -€214,485 | -53.0% |
| Amounts payable | 17/49 | €13,904,646 | €11,613,026 | -€2.3m | -16.5% |
| Amounts payable after more than one year | 17 | €12,780,625 | €10,980,625 | -€1.8m | -14.1% |
| Financial debts | 170/4 | €12,780,625 | €10,980,625 | -€1.8m | -14.1% |
| Other loans | 174 | €12,780,625 | €10,980,625 | -€1.8m | -14.1% |
| Amounts payable within one year | 42/48 | €264,771 | €346,061 | +€81,290 | +30.7% |
| Trade debts | 44 | €49,808 | €124,599 | +€74,791 | +150.2% |
| Suppliers | 440/4 | €49,808 | €124,599 | +€74,791 | +150.2% |
| Taxes, remuneration and social security | 45 | €20,825 | €27,324 | +€6,500 | +31.2% |
| Taxes | 450/3 | €20,825 | €27,324 | +€6,500 | +31.2% |
| Other amounts payable | 47/48 | €194,139 | €194,139 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €859,250 | €286,339 | -€572,911 | -66.7% |
| Operating income | 70/76A | €1,667,100 | €1,904,921 | +€237,821 | +14.3% |
| Turnover | 70 | €1,174,991 | €1,386,051 | +€211,061 | +18.0% |
| Other operating income | 74 | €492,109 | €518,869 | +€26,760 | +5.4% |
| Operating charges | 60/66A | €1,712,293 | €1,700,052 | -€12,241 | -0.7% |
| Services and other goods | 61 | €406,219 | €376,244 | -€29,976 | -7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €760,714 | €761,043 | +€328 | 0.0% |
| Other operating charges | 640/8 | €545,359 | €562,766 | +€17,407 | +3.2% |
| Operating profit (loss) | 9901 | -€45,193 | €204,868 | +€250,061 | |
| Financial income | 75/76B | €3 | €27 | +€24 | +797.0% |
| Recurring financial income | 75 | €3 | €27 | +€24 | +797.0% |
| Other financial income | 752/9 | €3 | €27 | +€24 | +797.0% |
| Financial charges | 65/66B | €450,334 | €419,380 | -€30,954 | -6.9% |
| Recurring financial charges | 65 | €450,334 | €419,380 | -€30,954 | -6.9% |
| Debt charges | 650 | €448,547 | €417,538 | -€31,009 | -6.9% |
| Other financial charges | 652/9 | €1,787 | €1,842 | +€55 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | -€495,524 | -€214,485 | +€281,039 | +56.7% |
| Profit (loss) for the period | 9904 | -€495,524 | -€214,485 | +€281,039 | +56.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€495,524 | -€214,485 | +€281,039 | +56.7% |
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 3 October 2026 via checked.be.