C-ROY: 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.
C-ROY
Largest movements
- Tangible fixed assets -€33,893
down €33,893 (-8.6%), from €392,282 to €358,389
of which Land and buildings: -€28,205
- Cash -€19,353
down €19,353 (-12.3%), from €156,783 to €137,429
mainly Trade debts (-€59,737) and Debts after one year (-€19,653)
- Receivables within one year +€9,580
up €9,580 (+7.1%), from €134,065 to €143,645
of which Trade receivables: +€33,611
- Trade debts -€59,737
down €59,737 (-35.2%), from €169,564 to €109,827
- Tax, wage and social debts +€26,390
up €26,390 (+51.8%), from €50,935 to €77,325
of which Remuneration and social security: +€20,401
- Debts after one year -€19,653
down €19,653 (-7.9%), from €250,222 to €230,568
- Reserves +€8,748
up €8,748 (+4.6%), from €191,249 to €199,997
of which Distributable reserves: +€8,748
- Staff costs +€34,914
up €34,914 (+9.0%), from €389,930 to €424,844
- Depreciation -€26,270
down €26,270 (-42.9%), from €61,216 to €34,946
- Gross operating margin -€9,891
down €9,891 (-2.0%), from €502,668 to €492,777
- Other operating charges -€7,993
down €7,993 (-33.7%), from €23,689 to €15,696
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €771,345 | €727,957 | -€43,388 | -5.6% |
| Fixed assets | 21/28 | €392,582 | €358,689 | -€33,893 | -8.6% |
| Tangible fixed assets | 22/27 | €392,282 | €358,389 | -€33,893 | -8.6% |
| Land and buildings | 22 | €373,498 | €345,294 | -€28,205 | -7.6% |
| Plant, machinery and equipment | 23 | €17,221 | €11,221 | -€6,000 | -34.8% |
| Furniture and vehicles | 24 | €1,563 | €1,874 | +€311 | +19.9% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €378,764 | €369,268 | -€9,495 | -2.5% |
| Stocks and contracts in progress | 3 | €87,916 | €86,846 | -€1,070 | -1.2% |
| Stocks | 30/36 | €6,695 | €0 | -€6,695 | -100% |
| Contracts in progress | 37 | €81,221 | €86,846 | +€5,625 | +6.9% |
| Amounts receivable within one year | 40/41 | €134,065 | €143,645 | +€9,580 | +7.1% |
| Trade receivables | 40 | €89,877 | €123,488 | +€33,611 | +37.4% |
| Other amounts receivable | 41 | €44,188 | €20,157 | -€24,031 | -54.4% |
| Cash at bank and in hand | 54/58 | €156,783 | €137,429 | -€19,353 | -12.3% |
| Deferred charges and accrued income | 490/1 | - | €1,348 | +€1,348 | |
| Total equity and liabilities | 10/49 | €771,345 | €727,957 | -€43,388 | -5.6% |
| Equity | 10/15 | €281,418 | €285,235 | +€3,817 | +1.4% |
| Contributions | 10/11 | €6,210 | €6,210 | = | 0.0% |
| Reserves | 13 | €191,249 | €199,997 | +€8,748 | +4.6% |
| Non-distributable reserves | 130/1 | €1,863 | €1,863 | = | 0.0% |
| Other | 1319 | €1,863 | €1,863 | = | 0.0% |
| Tax-exempt reserves | 132 | €35,671 | €35,671 | = | 0.0% |
| Distributable reserves | 133 | €153,715 | €162,463 | +€8,748 | +5.7% |
| Profit (loss) carried forward | 14 | €29,722 | €29,722 | = | 0.0% |
| Investment grants | 15 | €54,236 | €49,306 | -€4,931 | -9.1% |
| Amounts payable | 17/49 | €489,928 | €442,723 | -€47,205 | -9.6% |
| Amounts payable after more than one year | 17 | €250,222 | €230,568 | -€19,653 | -7.9% |
| Financial debts | 170/4 | €250,222 | €230,568 | -€19,653 | -7.9% |
| Amounts payable within one year | 42/48 | €239,706 | €212,154 | -€27,552 | -11.5% |
| Current portion of amounts payable after more than one year | 42 | €19,195 | €19,653 | +€458 | +2.4% |
| Trade debts | 44 | €169,564 | €109,827 | -€59,737 | -35.2% |
| Suppliers | 440/4 | €169,564 | €109,827 | -€59,737 | -35.2% |
| Taxes, remuneration and social security | 45 | €50,935 | €77,325 | +€26,390 | +51.8% |
| Taxes | 450/3 | €12,515 | €18,504 | +€5,989 | +47.9% |
| Remuneration and social security | 454/9 | €38,419 | €58,820 | +€20,401 | +53.1% |
| Other amounts payable | 47/48 | €12 | €5,349 | +€5,337 | +44,624% |
| Non-recurring operating income | 76A | €14,876 | €0 | -€14,876 | -100% |
| Remuneration, social security and pensions | 62 | €389,930 | €424,844 | +€34,914 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,216 | €34,946 | -€26,270 | -42.9% |
| Other operating charges | 640/8 | €23,689 | €15,696 | -€7,993 | -33.7% |
| Non-recurring operating charges | 66A | €4,997 | €0 | -€4,997 | -100% |
| Gross operating margin | 9900 | €502,668 | €492,777 | -€9,891 | -2.0% |
| Operating profit (loss) | 9901 | €22,836 | €17,291 | -€5,545 | -24.3% |
| Financial income | 75/76B | €6,186 | €4,934 | -€1,253 | -20.2% |
| Recurring financial income | 75 | €6,186 | €4,934 | -€1,253 | -20.2% |
| Financial charges | 65/66B | €9,712 | €6,623 | -€3,088 | -31.8% |
| Recurring financial charges | 65 | €9,712 | €6,623 | -€3,088 | -31.8% |
| Profit (loss) for the period before taxes | 9903 | €19,310 | €15,601 | -€3,709 | -19.2% |
| Income taxes | 67/77 | €5,535 | €6,854 | +€1,319 | +23.8% |
| Profit (loss) for the period | 9904 | €13,776 | €8,748 | -€5,028 | -36.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,776 | €8,748 | -€5,028 | -36.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.