Royce Holding: 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.
Royce Holding
Largest movements
- Receivables within one year -€32,354
down €32,354 (-89.8%), from €36,030 to €3,676
of which Other amounts receivable: -€30,419
- Cash -€26,135
down €26,135 (-73.6%), from €35,529 to €9,394
mainly Net result for the year (-€68,015) and Trade debts (-€53,845)
- Tangible fixed assets -€6,360
down €6,360 (-11.7%), from €54,414 to €48,054
of which Furniture and vehicles: -€10,491
- Deferred charges and accrued income -€4,319
down €4,319 (-100.0%), from €4,319 to €0
- Trade debts -€53,845
down €53,845 (-95.8%), from €56,230 to €2,385
- Profit (loss) carried forward -€53,280
down €53,280, from €0 to -€53,280
- Other debts +€36,338
new in 2025: €36,338
- Reserves -€14,735
down €14,735 (-100.0%), from €14,735 to €0
- Debts after one year +€5,847
up €5,847 (+12.5%), from €46,835 to €52,682
- Gross operating margin -€48,067
down €48,067, from €25,960 to -€22,108
- Staff costs +€23,672
new in 2025: €23,672
- Depreciation +€9,558
up €9,558 (+231.4%), from €4,130 to €13,688
- Financial income -€8,744
down €8,744 (-100.0%), from €8,744 to €0
- Taxes -€4,639
down €4,639 (-94.7%), from €4,900 to €261
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 | €130,292 | €61,124 | -€69,168 | -53.1% |
| Fixed assets | 21/28 | €54,414 | €48,054 | -€6,360 | -11.7% |
| Tangible fixed assets | 22/27 | €54,414 | €48,054 | -€6,360 | -11.7% |
| Land and buildings | 22 | - | €6,962 | +€6,962 | |
| Plant, machinery and equipment | 23 | €3,981 | €1,150 | -€2,832 | -71.1% |
| Furniture and vehicles | 24 | €50,433 | €39,942 | -€10,491 | -20.8% |
| Current assets | 29/58 | €75,878 | €13,070 | -€62,808 | -82.8% |
| Amounts receivable within one year | 40/41 | €36,030 | €3,676 | -€32,354 | -89.8% |
| Trade receivables | 40 | €2,372 | €437 | -€1,935 | -81.6% |
| Other amounts receivable | 41 | €33,658 | €3,239 | -€30,419 | -90.4% |
| Cash at bank and in hand | 54/58 | €35,529 | €9,394 | -€26,135 | -73.6% |
| Deferred charges and accrued income | 490/1 | €4,319 | €0 | -€4,319 | -100.0% |
| Total equity and liabilities | 10/49 | €130,292 | €61,124 | -€69,168 | -53.1% |
| Equity | 10/15 | €15,735 | -€52,280 | -€68,015 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €14,735 | €0 | -€14,735 | -100.0% |
| Distributable reserves | 133 | €14,735 | €0 | -€14,735 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | -€53,280 | -€53,280 | |
| Amounts payable | 17/49 | €114,557 | €113,404 | -€1,153 | -1.0% |
| Amounts payable after more than one year | 17 | €46,835 | €52,682 | +€5,847 | +12.5% |
| Financial debts | 170/4 | €46,835 | €52,682 | +€5,847 | +12.5% |
| Amounts payable within one year | 42/48 | €67,722 | €60,672 | -€7,050 | -10.4% |
| Current portion of amounts payable after more than one year | 42 | €10,071 | €15,221 | +€5,151 | +51.1% |
| Trade debts | 44 | €56,230 | €2,385 | -€53,845 | -95.8% |
| Suppliers | 440/4 | €56,230 | €2,385 | -€53,845 | -95.8% |
| Taxes, remuneration and social security | 45 | €1,422 | €6,727 | +€5,306 | +373.2% |
| Taxes | 450/3 | €1,422 | €2,681 | +€1,260 | +88.6% |
| Remuneration and social security | 454/9 | - | €4,046 | +€4,046 | |
| Other amounts payable | 47/48 | - | €36,338 | +€36,338 | |
| Accrued charges and deferred income | 492/3 | - | €51 | +€51 | |
| Remuneration, social security and pensions | 62 | - | €23,672 | +€23,672 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,130 | €13,688 | +€9,558 | +231.4% |
| Other operating charges | 640/8 | €1,028 | €2,406 | +€1,378 | +134.1% |
| Gross operating margin | 9900 | €25,960 | -€22,108 | -€48,067 | |
| Operating profit (loss) | 9901 | €20,801 | -€61,874 | -€82,675 | |
| Financial income | 75/76B | €8,744 | €0 | -€8,744 | -100.0% |
| Recurring financial income | 75 | €8,744 | €0 | -€8,744 | -100.0% |
| Financial charges | 65/66B | €5,037 | €5,881 | +€843 | +16.7% |
| Recurring financial charges | 65 | €5,037 | €5,881 | +€843 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | €24,508 | -€67,754 | -€92,262 | |
| Income taxes | 67/77 | €4,900 | €261 | -€4,639 | -94.7% |
| Profit (loss) for the period | 9904 | €19,608 | -€68,015 | -€87,623 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,608 | -€68,015 | -€87,623 |
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 8 October 2026 via checked.be.