Vicky Royal: what changed
Vicky Royal
Largest movements
- Tangible fixed assets +€33,436
new in 2025: €33,436
of which Leasing and similar rights: +€32,432
- Receivables within one year +€4,624
up €4,624 (+76.4%), from €6,050 to €10,674
of which Other amounts receivable: +€10,674
- Cash +€1,892
up €1,892 (+12.8%), from €14,792 to €16,684
mainly Debts after one year (+€26,252) and Current portion of long-term debt (+€6,180)
- Deferred charges and accrued income -€1,024
down €1,024 (-38.2%), from €2,680 to €1,656
- Debts after one year +€26,252
new in 2025: €26,252
- Current portion of long-term debt +€6,180
new in 2025: €6,180
- Reserves +€4,504
up €4,504 (+33.6%), from €13,388 to €17,892
- Tax, wage and social debts +€1,048
up €1,048 (+14.0%), from €7,503 to €8,551
- Trade debts +€832
up €832 (+51.0%), from €1,631 to €2,464
- Gross operating margin -€9,589
down €9,589 (-55.3%), from €17,333 to €7,743
- Taxes -€1,572
down €1,572 (-41.6%), from €3,779 to €2,208
- Depreciation +€772
new in 2025: €772
- Financial income +€332
new in 2025: €332
- Financial charges +€292
up €292 (+742%), from €39 to €331
Change in the result, 2024 to 2025
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 2024 and 2025 balance sheets and the 2025 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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,522 | €62,451 | +€38,929 | +165% |
| Fixed assets | 21/28 | - | €33,436 | +€33,436 | |
| Tangible fixed assets | 22/27 | - | €33,436 | +€33,436 | |
| Plant, machinery and equipment | 23 | - | €1,004 | +€1,004 | |
| Leasing and similar rights | 25 | - | €32,432 | +€32,432 | |
| Current assets | 29/58 | €23,522 | €29,015 | +€5,493 | +23.4% |
| Amounts receivable within one year | 40/41 | €6,050 | €10,674 | +€4,624 | +76.4% |
| Trade receivables | 40 | €6,050 | €0 | -€6,050 | -100% |
| Other amounts receivable | 41 | - | €10,674 | +€10,674 | |
| Cash at bank and in hand | 54/58 | €14,792 | €16,684 | +€1,892 | +12.8% |
| Deferred charges and accrued income | 490/1 | €2,680 | €1,656 | -€1,024 | -38.2% |
| Total equity and liabilities | 10/49 | €23,522 | €62,451 | +€38,929 | +165% |
| Equity | 10/15 | €14,388 | €18,892 | +€4,504 | +31.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €13,388 | €17,892 | +€4,504 | +33.6% |
| Distributable reserves | 133 | €13,388 | €17,892 | +€4,504 | +33.6% |
| Amounts payable | 17/49 | €9,134 | €43,559 | +€34,425 | +377% |
| Amounts payable after more than one year | 17 | - | €26,252 | +€26,252 | |
| Financial debts | 170/4 | - | €26,252 | +€26,252 | |
| Amounts payable within one year | 42/48 | €9,134 | €17,194 | +€8,059 | +88.2% |
| Current portion of amounts payable after more than one year | 42 | - | €6,180 | +€6,180 | |
| Trade debts | 44 | €1,631 | €2,464 | +€832 | +51.0% |
| Suppliers | 440/4 | €1,631 | €2,464 | +€832 | +51.0% |
| Taxes, remuneration and social security | 45 | €7,503 | €8,551 | +€1,048 | +14.0% |
| Taxes | 450/3 | €7,503 | €8,551 | +€1,048 | +14.0% |
| Accrued charges and deferred income | 492/3 | - | €113 | +€113 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €772 | +€772 | |
| Other operating charges | 640/8 | €126 | €260 | +€134 | +107% |
| Gross operating margin | 9900 | €17,333 | €7,743 | -€9,589 | -55.3% |
| Operating profit (loss) | 9901 | €17,207 | €6,711 | -€10,495 | -61.0% |
| Financial income | 75/76B | - | €332 | +€332 | |
| Recurring financial income | 75 | - | €332 | +€332 | |
| Financial charges | 65/66B | €39 | €331 | +€292 | +742% |
| Recurring financial charges | 65 | €39 | €331 | +€292 | +742% |
| Profit (loss) for the period before taxes | 9903 | €17,167 | €6,711 | -€10,456 | -60.9% |
| Income taxes | 67/77 | €3,779 | €2,208 | -€1,572 | -41.6% |
| Profit (loss) for the period | 9904 | €13,388 | €4,504 | -€8,884 | -66.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,388 | €4,504 | -€8,884 | -66.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.