TEN ROYE: what changed
Two financial 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.
TEN ROYE
Largest movements
- Cash +€262,122
up €262,122 (+632.7%), from €41,428 to €303,550
mainly Other debts (+€94,983) and Net result for the year (+€65,558)
- Tangible fixed assets -€85,414
down €85,414 (-5.8%), from €1.5m to €1.4m
of which Land and buildings: -€75,196
- Other debts +€94,983
up €94,983 (+24.6%), from €386,859 to €481,842
- Profit (loss) carried forward +€65,558
up €65,558 (+6.5%), from €1.0m to €1.1m
- Gross operating margin +€143,819
up €143,819 (+280.1%), from €51,352 to €195,170
- Other operating charges +€20,158
up €20,158 (+102.7%), from €19,630 to €39,789
- Depreciation -€6,688
down €6,688 (-9.3%), from €71,978 to €65,291
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 | €1,685,357 | €1,846,951 | +€161,594 | +9.6% |
| Fixed assets | 21/28 | €1,475,592 | €1,390,178 | -€85,414 | -5.8% |
| Tangible fixed assets | 22/27 | €1,475,592 | €1,390,178 | -€85,414 | -5.8% |
| Land and buildings | 22 | €1,405,247 | €1,330,051 | -€75,196 | -5.4% |
| Plant, machinery and equipment | 23 | €3,192 | €1,596 | -€1,596 | -50.0% |
| Furniture and vehicles | 24 | €66,280 | €58,532 | -€7,748 | -11.7% |
| Other tangible fixed assets | 26 | €873 | - | -€873 | |
| Current assets | 29/58 | €209,764 | €456,773 | +€247,009 | +117.8% |
| Amounts receivable within one year | 40/41 | €27,961 | €12,692 | -€15,269 | -54.6% |
| Trade receivables | 40 | €21,932 | €6,250 | -€15,682 | -71.5% |
| Other amounts receivable | 41 | €6,029 | €6,442 | +€413 | +6.9% |
| Current investments | 50/53 | €138,386 | €138,386 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €41,428 | €303,550 | +€262,122 | +632.7% |
| Deferred charges and accrued income | 490/1 | €1,990 | €2,145 | +€155 | +7.8% |
| Total equity and liabilities | 10/49 | €1,685,357 | €1,846,951 | +€161,594 | +9.6% |
| Equity | 10/15 | €1,298,498 | €1,364,056 | +€65,558 | +5.0% |
| Contributions | 10/11 | €68,048 | €68,048 | = | 0.0% |
| Capital | 10 | €68,048 | €68,048 | = | 0.0% |
| Issued capital | 100 | €68,048 | €68,048 | = | 0.0% |
| Reserves | 13 | €223,693 | €223,693 | = | 0.0% |
| Non-distributable reserves | 130/1 | €223,691 | €223,691 | = | 0.0% |
| Legal reserve | 130 | €85,305 | €85,305 | = | 0.0% |
| Own shares acquired | 1312 | €138,386 | €138,386 | = | 0.0% |
| Distributable reserves | 133 | €2 | €2 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,006,757 | €1,072,315 | +€65,558 | +6.5% |
| Amounts payable | 17/49 | €386,859 | €482,895 | +€96,036 | +24.8% |
| Amounts payable within one year | 42/48 | €386,859 | €482,895 | +€96,036 | +24.8% |
| Trade debts | 44 | - | €1,053 | +€1,053 | |
| Suppliers | 440/4 | - | €1,053 | +€1,053 | |
| Other amounts payable | 47/48 | €386,859 | €481,842 | +€94,983 | +24.6% |
| Non-recurring operating income | 76A | - | €140,000 | +€140,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,978 | €65,291 | -€6,688 | -9.3% |
| Other operating charges | 640/8 | €19,630 | €39,789 | +€20,158 | +102.7% |
| Non-recurring operating charges | 66A | - | €24,418 | +€24,418 | |
| Gross operating margin | 9900 | €51,352 | €195,170 | +€143,819 | +280.1% |
| Operating profit (loss) | 9901 | -€40,257 | €65,674 | +€105,930 | |
| Financial income | 75/76B | €51 | €8 | -€43 | -85.1% |
| Recurring financial income | 75 | €51 | €8 | -€43 | -85.1% |
| Non-recurring financial income | 76B | €51 | €8 | -€43 | -85.1% |
| Financial charges | 65/66B | €136 | €138 | +€2 | +1.3% |
| Recurring financial charges | 65 | €136 | €138 | +€2 | +1.3% |
| Non-recurring financial charges | 66B | €136 | €138 | +€2 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | -€40,342 | €65,543 | +€105,886 | |
| Income taxes | 67/77 | - | -€15 | -€15 | |
| Profit (loss) for the period | 9904 | -€40,342 | €65,558 | +€105,901 | |
| Profit (loss) for the period to be appropriated | 9905 | -€40,342 | €65,558 | +€105,901 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.