T & K ROYAL: what changed
T & K ROYAL
Largest movements
- Receivables within one year -€26,857
down €26,857 (-33.0%), from €81,324 to €54,467
of which Other amounts receivable: -€27,037
- Cash -€11,670
down €11,670 (-56.5%), from €20,671 to €9,001
mainly Net result for the year (-€36,254) and Investment in fixed assets (net) (-€3,155)
- Deferred charges and accrued income +€1,885
up €1,885 (+36.5%), from €5,166 to €7,051
- Tangible fixed assets +€1,567
up €1,567 (+42.2%), from €3,718 to €5,285
of which Furniture and vehicles: +€3,050
- Profit (loss) carried forward -€36,254
down €36,254 (-43.9%), from -€82,667 to -€118,921
- Tax, wage and social debts +€5,215
up €5,215 (+7.2%), from €72,727 to €77,942
of which Remuneration and social security: +€4,590
- Trade debts -€2,984
down €2,984 (-6.1%), from €49,104 to €46,120
- Debts after one year -€2,065
down €2,065 (-100%), from €2,065 to €0
- Gross operating margin +€39,273
up €39,273 (+34.7%), from €113,216 to €152,489
- Staff costs +€12,794
up €12,794 (+8.5%), from €150,620 to €163,413
- Financial charges -€5,385
down €5,385 (-36.2%), from €14,895 to €9,510
- Financial income -€4,520
down €4,520 (-50.4%), from €8,974 to €4,454
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €128,602 | €92,339 | -€36,264 | -28.2% |
| Fixed assets | 21/28 | €3,718 | €5,285 | +€1,567 | +42.2% |
| Tangible fixed assets | 22/27 | €3,718 | €5,285 | +€1,567 | +42.2% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €3,718 | €2,235 | -€1,483 | -39.9% |
| Furniture and vehicles | 24 | - | €3,050 | +€3,050 | |
| Current assets | 29/58 | €124,884 | €87,053 | -€37,831 | -30.3% |
| Stocks and contracts in progress | 3 | €17,723 | €16,534 | -€1,189 | -6.7% |
| Stocks | 30/36 | €17,723 | €16,534 | -€1,189 | -6.7% |
| Amounts receivable within one year | 40/41 | €81,324 | €54,467 | -€26,857 | -33.0% |
| Trade receivables | 40 | €282 | €461 | +€179 | +63.7% |
| Other amounts receivable | 41 | €81,043 | €54,006 | -€27,037 | -33.4% |
| Cash at bank and in hand | 54/58 | €20,671 | €9,001 | -€11,670 | -56.5% |
| Deferred charges and accrued income | 490/1 | €5,166 | €7,051 | +€1,885 | +36.5% |
| Total equity and liabilities | 10/49 | €128,602 | €92,339 | -€36,264 | -28.2% |
| Equity | 10/15 | €1,831 | -€34,423 | -€36,254 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €65,898 | €65,898 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €65,898 | €65,898 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,667 | -€118,921 | -€36,254 | -43.9% |
| Amounts payable | 17/49 | €126,772 | €126,762 | -€10 | 0.0% |
| Amounts payable after more than one year | 17 | €2,065 | €0 | -€2,065 | -100% |
| Financial debts | 170/4 | €2,065 | €0 | -€2,065 | -100% |
| Amounts payable within one year | 42/48 | €124,707 | €126,126 | +€1,419 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €2,876 | €2,065 | -€811 | -28.2% |
| Trade debts | 44 | €49,104 | €46,120 | -€2,984 | -6.1% |
| Suppliers | 440/4 | €49,104 | €46,120 | -€2,984 | -6.1% |
| Taxes, remuneration and social security | 45 | €72,727 | €77,942 | +€5,215 | +7.2% |
| Taxes | 450/3 | €40,863 | €41,487 | +€625 | +1.5% |
| Remuneration and social security | 454/9 | €31,864 | €36,454 | +€4,590 | +14.4% |
| Accrued charges and deferred income | 492/3 | - | €636 | +€636 | |
| Non-recurring operating income | 76A | €5,613 | €18,331 | +€12,718 | +227% |
| Remuneration, social security and pensions | 62 | €150,620 | €163,413 | +€12,794 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,483 | €1,587 | +€105 | +7.1% |
| Other operating charges | 640/8 | €13,622 | €13,520 | -€102 | -0.7% |
| Gross operating margin | 9900 | €113,216 | €152,489 | +€39,273 | +34.7% |
| Operating profit (loss) | 9901 | -€52,508 | -€26,032 | +€26,477 | +50.4% |
| Financial income | 75/76B | €8,974 | €4,454 | -€4,520 | -50.4% |
| Recurring financial income | 75 | €8,974 | €4,454 | -€4,520 | -50.4% |
| Financial charges | 65/66B | €14,895 | €9,510 | -€5,385 | -36.2% |
| Recurring financial charges | 65 | €14,895 | €9,510 | -€5,385 | -36.2% |
| Profit (loss) for the period before taxes | 9903 | -€58,429 | -€31,088 | +€27,342 | +46.8% |
| Income taxes | 67/77 | €5,565 | €5,166 | -€398 | -7.2% |
| Profit (loss) for the period | 9904 | -€63,994 | -€36,254 | +€27,740 | +43.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€63,994 | -€36,254 | +€27,740 | +43.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.