ROYCON: 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.
ROYCON
Largest movements
- Tangible fixed assets -€32,696
down €32,696 (-26.8%), from €121,951 to €89,256
of which Land and buildings: -€26,823
- Current investments +€11,087
up €11,087 (+1.5%), from €760,160 to €771,247
- Reserves -€33,539
down €33,539 (-4.0%), from €843,624 to €810,085
of which Distributable reserves: -€33,539
- Gross operating margin -€23,305
down €23,305 (-15.1%), from €154,592 to €131,286
- Financial income -€2,925
down €2,925 (-26.0%), from €11,241 to €8,316
- Taxes -€2,447
down €2,447 (-8.2%), from €29,712 to €27,265
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 | €892,823 | €868,325 | -€24,498 | -2.7% |
| Fixed assets | 21/28 | €121,951 | €89,256 | -€32,696 | -26.8% |
| Tangible fixed assets | 22/27 | €121,951 | €89,256 | -€32,696 | -26.8% |
| Land and buildings | 22 | €99,219 | €72,395 | -€26,823 | -27.0% |
| Plant, machinery and equipment | 23 | €19,203 | €14,747 | -€4,456 | -23.2% |
| Furniture and vehicles | 24 | €3,530 | €2,114 | -€1,416 | -40.1% |
| Current assets | 29/58 | €770,872 | €779,069 | +€8,197 | +1.1% |
| Amounts receivable within one year | 40/41 | €8,763 | - | -€8,763 | |
| Other amounts receivable | 41 | €8,763 | - | -€8,763 | |
| Current investments | 50/53 | €760,160 | €771,247 | +€11,087 | +1.5% |
| Cash at bank and in hand | 54/58 | €691 | €6,454 | +€5,763 | +833.5% |
| Deferred charges and accrued income | 490/1 | €1,257 | €1,368 | +€111 | +8.8% |
| Total equity and liabilities | 10/49 | €892,823 | €868,325 | -€24,498 | -2.7% |
| Equity | 10/15 | €843,624 | €810,085 | -€33,539 | -4.0% |
| Reserves | 13 | €843,624 | €810,085 | -€33,539 | -4.0% |
| Tax-exempt reserves | 132 | €52,651 | €52,651 | = | 0.0% |
| Distributable reserves | 133 | €790,974 | €757,434 | -€33,539 | -4.2% |
| Amounts payable | 17/49 | €49,199 | €58,240 | +€9,041 | +18.4% |
| Amounts payable within one year | 42/48 | €49,199 | €58,240 | +€9,041 | +18.4% |
| Trade debts | 44 | €281 | €1,168 | +€887 | +316.0% |
| Suppliers | 440/4 | €281 | €1,168 | +€887 | +316.0% |
| Taxes, remuneration and social security | 45 | €1,127 | €6,912 | +€5,785 | +513.5% |
| Taxes | 450/3 | €1,127 | €6,912 | +€5,785 | +513.5% |
| Other amounts payable | 47/48 | €47,791 | €50,160 | +€2,369 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,058 | €33,525 | -€1,534 | -4.4% |
| Other operating charges | 640/8 | €2,125 | €3,141 | +€1,016 | +47.8% |
| Gross operating margin | 9900 | €154,592 | €131,286 | -€23,305 | -15.1% |
| Operating profit (loss) | 9901 | €117,409 | €94,621 | -€22,787 | -19.4% |
| Financial income | 75/76B | €11,241 | €8,316 | -€2,925 | -26.0% |
| Recurring financial income | 75 | €11,241 | €8,316 | -€2,925 | -26.0% |
| Financial charges | 65/66B | €3,792 | €3,464 | -€328 | -8.6% |
| Recurring financial charges | 65 | €3,792 | €3,464 | -€328 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €124,858 | €99,473 | -€25,385 | -20.3% |
| Income taxes | 67/77 | €29,712 | €27,265 | -€2,447 | -8.2% |
| Profit (loss) for the period | 9904 | €95,147 | €72,208 | -€22,939 | -24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €95,147 | €72,208 | -€22,939 | -24.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.