13. Trade and other receivables
|
31/12/2025 |
31/12/2024 |
|
|---|---|---|
|
€ 000 |
€ 000 |
|
|
Trade receivables |
417,278 |
401,518 |
|
Allowance for expected credit losses |
(2,154) |
(1,307) |
|
Trade receivables (net) |
415,123 |
400,211 |
|
Other receivables, prepayments, commercial reservations and accrued income |
46,965 |
41,118 |
|
Taxes and social security charges |
18,713 |
15,579 |
|
Total |
480,802 |
456,908 |
The following table summarises the movement in the allowance for expected credit losses for the years ended 31 December 2025 and 31 December 2024.
|
31/12/2025 |
31/12/2024 |
|
|---|---|---|
|
€ 000 |
€ 000 |
|
|
Opening balance |
(1,307) |
(1,043) |
|
Accruals for expected credit losses |
(1,195) |
(426) |
|
Recoveries |
29 |
27 |
|
Amount written off |
319 |
151 |
|
Other movements |
- |
(16) |
|
Closing balance |
(2,154) |
(1,307) |
Set out below is the information about Royal A-ware’s trade receivables (including contract assets) using a provision matrix:
|
Days past due |
|||||
|---|---|---|---|---|---|
|
Current |
< 60 days |
61-120 days |
>120 days |
Total |
|
|
31/12/2025 |
|||||
|
Expected loss % |
0.00% |
0.00% |
1.48% |
27.30% |
0.52% |
|
Trade receivables |
324,998 |
77,441 |
7,347 |
7,492 |
417,278 |
|
Allowance for expected credit losses |
- |
- |
(109) |
(2,045) |
(2,154) |
|
Trade receivables (net) |
324,998 |
77,441 |
7,238 |
5,447 |
415,123 |
|
Days past due |
|||||
|
Current |
< 60 days |
61-120 days |
>120 days |
Total |
|
|
31/12/2024 |
|||||
|
Expected loss % |
0.00% |
0.03% |
2.98% |
12.93% |
0.33% |
|
Trade receivables |
297,953 |
84,073 |
12,402 |
7,090 |
401,518 |
|
Loss allowance |
- |
(22) |
(369) |
(916) |
(1,307) |
|
Trade receivables (net) |
297,953 |
84,051 |
12,033 |
6,174 |
400,211 |
Taxes and social security charges
|
31/12/2025 |
31/12/2024 |
|
|---|---|---|
|
€ 000 |
€ 000 |
|
|
Value added tax, wage and social security receivables |
10,623 |
9,753 |
|
Corporate income tax |
2,572 |
613 |
|
Other taxes |
5,518 |
5,214 |
|
Total |
18,713 |
15,579 |
Other receivables, prepayments and accrued income
|
31/12/2025 |
31/12/2024 |
|
|---|---|---|
|
€ 000 |
€ 000 |
|
|
Amounts to be invoiced |
27,178 |
19,911 |
|
Amounts to be received |
4,996 |
3,127 |
|
Prepaid expenses |
10,943 |
11,360 |
|
Other |
3,848 |
6,720 |
|
Total |
46,965 |
41,118 |
The other receivables are due within 1 year. During 2025 €2,152,000 (2024: €0) of expected credit losses (stage 3) was recognised related to interest receivable on the (indirect) loans to E-Piim Tootmine AS as presented under other receivables (see note 11).
