VIDEOROYAL: 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.
VIDEOROYAL
Largest movements
- Intangible fixed assets -€27,200
down €27,200 (-34.8%), from €78,259 to €51,059
- Cash -€23,282
down €23,282 (-61.8%), from €37,698 to €14,416
mainly Other debts (-€28,350) and Debts after one year (-€25,696)
- Tangible fixed assets -€15,213
down €15,213 (-8.1%), from €188,221 to €173,008
of which Land and buildings: -€9,482
- Receivables within one year -€7,355
down €7,355 (-17.9%), from €41,071 to €33,715
- Other debts -€28,350
down €28,350 (-24.0%), from €118,239 to €89,889
- Debts after one year -€25,696
down €25,696 (-11.2%), from €230,017 to €204,321
of which Financial debts: -€19,273
- Tax, wage and social debts -€9,901
down €9,901 (-51.8%), from €19,113 to €9,212
of which Remuneration and social security: -€9,058
- Profit (loss) carried forward -€9,066
down €9,066 (-13.3%), from -€68,269 to -€77,336
- Staff costs -€27,065
down €27,065 (-73.5%), from €36,838 to €9,774
- Financial charges -€1,448
down €1,448 (-15.1%), from €9,620 to €8,172
- Depreciation -€1,206
down €1,206 (-2.6%), from €47,128 to €45,921
- Other operating charges +€1,058
up €1,058 (+137.2%), from €771 to €1,829
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 | €347,316 | €273,648 | -€73,668 | -21.2% |
| Fixed assets | 21/28 | €267,080 | €224,667 | -€42,413 | -15.9% |
| Intangible fixed assets | 21 | €78,259 | €51,059 | -€27,200 | -34.8% |
| Tangible fixed assets | 22/27 | €188,221 | €173,008 | -€15,213 | -8.1% |
| Land and buildings | 22 | €169,514 | €160,032 | -€9,482 | -5.6% |
| Plant, machinery and equipment | 23 | €11,515 | €10,257 | -€1,258 | -10.9% |
| Furniture and vehicles | 24 | €7,192 | €2,719 | -€4,472 | -62.2% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €80,236 | €48,981 | -€31,256 | -39.0% |
| Amounts receivable within one year | 40/41 | €41,071 | €33,715 | -€7,355 | -17.9% |
| Trade receivables | 40 | €41,071 | €33,715 | -€7,355 | -17.9% |
| Cash at bank and in hand | 54/58 | €37,698 | €14,416 | -€23,282 | -61.8% |
| Deferred charges and accrued income | 490/1 | €1,468 | €849 | -€619 | -42.1% |
| Total equity and liabilities | 10/49 | €347,316 | €273,648 | -€73,668 | -21.2% |
| Equity | 10/15 | -€50,296 | -€59,363 | -€9,066 | -18.0% |
| Contributions | 10/11 | €3,600 | €3,600 | = | 0.0% |
| Reserves | 13 | €14,373 | €14,373 | = | 0.0% |
| Distributable reserves | 133 | €14,373 | €14,373 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,269 | -€77,336 | -€9,066 | -13.3% |
| Amounts payable | 17/49 | €397,612 | €333,010 | -€64,602 | -16.2% |
| Amounts payable after more than one year | 17 | €230,017 | €204,321 | -€25,696 | -11.2% |
| Financial debts | 170/4 | €218,735 | €199,462 | -€19,273 | -8.8% |
| Other amounts payable | 178/9 | €11,282 | €4,859 | -€6,422 | -56.9% |
| Amounts payable within one year | 42/48 | €165,369 | €128,689 | -€36,680 | -22.2% |
| Current portion of amounts payable after more than one year | 42 | €19,616 | €20,803 | +€1,187 | +6.0% |
| Financial debts | 43 | €6,359 | €6,406 | +€48 | +0.8% |
| Other loans | 439 | €6,359 | €6,406 | +€48 | +0.8% |
| Trade debts | 44 | €2,042 | €2,379 | +€336 | +16.5% |
| Suppliers | 440/4 | €2,042 | €2,379 | +€336 | +16.5% |
| Taxes, remuneration and social security | 45 | €19,113 | €9,212 | -€9,901 | -51.8% |
| Taxes | 450/3 | €10,055 | €9,212 | -€843 | -8.4% |
| Remuneration and social security | 454/9 | €9,058 | €0 | -€9,058 | -100.0% |
| Other amounts payable | 47/48 | €118,239 | €89,889 | -€28,350 | -24.0% |
| Accrued charges and deferred income | 492/3 | €2,226 | €0 | -€2,226 | -100.0% |
| Remuneration, social security and pensions | 62 | €36,838 | €9,774 | -€27,065 | -73.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,128 | €45,921 | -€1,206 | -2.6% |
| Other operating charges | 640/8 | €771 | €1,829 | +€1,058 | +137.2% |
| Gross operating margin | 9900 | €56,261 | €56,657 | +€396 | +0.7% |
| Operating profit (loss) | 9901 | -€28,476 | -€867 | +€27,609 | +97.0% |
| Financial income | 75/76B | €0 | €113 | +€113 | |
| Recurring financial income | 75 | €0 | €113 | +€113 | |
| Financial charges | 65/66B | €9,620 | €8,172 | -€1,448 | -15.1% |
| Recurring financial charges | 65 | €9,620 | €8,172 | -€1,448 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | -€38,096 | -€8,925 | +€29,171 | +76.6% |
| Income taxes | 67/77 | €97 | €141 | +€44 | +45.0% |
| Profit (loss) for the period | 9904 | -€38,193 | -€9,066 | +€29,127 | +76.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,193 | -€9,066 | +€29,127 | +76.3% |
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 11 October 2026 via checked.be.