VAN ROYE: 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.
VAN ROYE
Largest movements
- Receivables within one year +€24,509
up €24,509 (+1870.0%), from €1,311 to €25,819
of which Trade receivables: +€24,509
- Stocks and contracts +€2,257
up €2,257 (+14.1%), from €16,046 to €18,303
- Debts after one year +€14,350
up €14,350 (+14.8%), from €96,855 to €111,205
- Profit (loss) carried forward +€7,428
up €7,428 (+6.9%), from -€108,107 to -€100,679
- Other debts +€5,576
up €5,576 (+203.2%), from €2,745 to €8,321
- Trade debts -€2,577
down €2,577 (-22.3%), from €11,531 to €8,954
- Current portion of long-term debt +€2,014
up €2,014 (+22.3%), from €9,025 to €11,039
- Gross operating margin +€28,210
up €28,210, from -€10,145 to €18,064
- Financial charges +€2,202
up €2,202 (+42.1%), from €5,231 to €7,433
- Depreciation -€1,242
down €1,242 (-34.0%), from €3,653 to €2,411
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 | €25,829 | €52,098 | +€26,268 | +101.7% |
| Fixed assets | 21/28 | €3,493 | €3,182 | -€311 | -8.9% |
| Tangible fixed assets | 22/27 | €3,493 | €3,182 | -€311 | -8.9% |
| Plant, machinery and equipment | 23 | €288 | €0 | -€288 | -100.0% |
| Furniture and vehicles | 24 | €3,204 | €1,205 | -€2,000 | -62.4% |
| Other tangible fixed assets | 26 | - | €1,977 | +€1,977 | |
| Current assets | 29/58 | €22,336 | €48,916 | +€26,579 | +119.0% |
| Stocks and contracts in progress | 3 | €16,046 | €18,303 | +€2,257 | +14.1% |
| Stocks | 30/36 | €16,046 | €18,303 | +€2,257 | +14.1% |
| Amounts receivable within one year | 40/41 | €1,311 | €25,819 | +€24,509 | +1870.0% |
| Trade receivables | 40 | €1,311 | €25,819 | +€24,509 | +1870.1% |
| Other amounts receivable | 41 | €0 | €0 | -€0 | -100.0% |
| Cash at bank and in hand | 54/58 | €4,848 | €4,554 | -€294 | -6.1% |
| Deferred charges and accrued income | 490/1 | €132 | €239 | +€107 | +81.3% |
| Total equity and liabilities | 10/49 | €25,829 | €52,098 | +€26,268 | +101.7% |
| Equity | 10/15 | -€95,657 | -€88,229 | +€7,428 | +7.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €50 | €50 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50 | €50 | = | 0.0% |
| Reserves not available under the articles | 1311 | €50 | €50 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€108,107 | -€100,679 | +€7,428 | +6.9% |
| Amounts payable | 17/49 | €121,486 | €140,326 | +€18,840 | +15.5% |
| Amounts payable after more than one year | 17 | €96,855 | €111,205 | +€14,350 | +14.8% |
| Financial debts | 170/4 | €96,855 | €111,205 | +€14,350 | +14.8% |
| Amounts payable within one year | 42/48 | €24,532 | €28,986 | +€4,454 | +18.2% |
| Current portion of amounts payable after more than one year | 42 | €9,025 | €11,039 | +€2,014 | +22.3% |
| Trade debts | 44 | €11,531 | €8,954 | -€2,577 | -22.3% |
| Suppliers | 440/4 | €11,531 | €8,954 | -€2,577 | -22.3% |
| Taxes, remuneration and social security | 45 | €1,231 | €672 | -€560 | -45.5% |
| Taxes | 450/3 | €1,231 | €672 | -€560 | -45.5% |
| Other amounts payable | 47/48 | €2,745 | €8,321 | +€5,576 | +203.2% |
| Accrued charges and deferred income | 492/3 | €99 | €135 | +€36 | +36.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,653 | €2,411 | -€1,242 | -34.0% |
| Other operating charges | 640/8 | €853 | €939 | +€86 | +10.0% |
| Gross operating margin | 9900 | -€10,145 | €18,064 | +€28,210 | |
| Operating profit (loss) | 9901 | -€14,652 | €14,715 | +€29,367 | |
| Financial income | 75/76B | €72 | €147 | +€75 | +103.7% |
| Recurring financial income | 75 | €72 | €147 | +€75 | +103.7% |
| Financial charges | 65/66B | €5,231 | €7,433 | +€2,202 | +42.1% |
| Recurring financial charges | 65 | €5,231 | €7,433 | +€2,202 | +42.1% |
| Profit (loss) for the period before taxes | 9903 | -€19,811 | €7,428 | +€27,240 | |
| Profit (loss) for the period | 9904 | -€19,811 | €7,428 | +€27,240 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,811 | €7,428 | +€27,240 |
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 29 September 2026 via checked.be.