Bac du Prince: 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.
Bac du Prince
Largest movements
- Cash +€515,633
up €515,633 (+143%), from €361,685 to €877,318
mainly Net result for the year (+€402,305) and Receivables within one year (+€298,679)
- Receivables within one year -€298,679
down €298,679 (-92.4%), from €323,115 to €24,436
of which Other amounts receivable: -€291,024
- Receivables after one year +€85,000
new in 2025: €85,000
- Tangible fixed assets +€24,570
up €24,570 (+19.2%), from €128,272 to €152,842
of which Land and buildings: +€35,513
- Reserves +€402,800
up €402,800 (+61.8%), from €652,000 to €1.1m
- Tax, wage and social debts -€76,115
down €76,115 (-55.0%), from €138,445 to €62,330
of which Taxes: -€81,046
- Trade debts -€14,945
down €14,945 (-31.4%), from €47,656 to €32,710
- Gross operating margin +€71,416
up €71,416 (+8.2%), from €875,740 to €947,156
- Financial charges -€31,509
down €31,509 (-98.4%), from €32,013 to €504
- Taxes +€23,143
up €23,143 (+21.0%), from €110,325 to €133,468
- Staff costs +€18,144
up €18,144 (+4.9%), from €374,014 to €392,158
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.
Derived cash bridge
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 | €853,884 | €1,176,312 | +€322,429 | +37.8% |
| Fixed assets | 21/28 | €128,272 | €152,842 | +€24,570 | +19.2% |
| Tangible fixed assets | 22/27 | €128,272 | €152,842 | +€24,570 | +19.2% |
| Land and buildings | 22 | €18,907 | €54,420 | +€35,513 | +188% |
| Plant, machinery and equipment | 23 | €86,242 | €81,336 | -€4,906 | -5.7% |
| Furniture and vehicles | 24 | €23,123 | €17,086 | -€6,037 | -26.1% |
| Current assets | 29/58 | €725,612 | €1,023,471 | +€297,858 | +41.0% |
| Amounts receivable after more than one year | 29 | - | €85,000 | +€85,000 | |
| Other amounts receivable | 291 | - | €85,000 | +€85,000 | |
| Stocks and contracts in progress | 3 | €38,842 | €33,846 | -€4,996 | -12.9% |
| Stocks | 30/36 | €38,842 | €33,846 | -€4,996 | -12.9% |
| Amounts receivable within one year | 40/41 | €323,115 | €24,436 | -€298,679 | -92.4% |
| Trade receivables | 40 | €12,367 | €4,712 | -€7,655 | -61.9% |
| Other amounts receivable | 41 | €310,748 | €19,724 | -€291,024 | -93.7% |
| Cash at bank and in hand | 54/58 | €361,685 | €877,318 | +€515,633 | +143% |
| Deferred charges and accrued income | 490/1 | €1,971 | €2,871 | +€900 | +45.7% |
| Total equity and liabilities | 10/49 | €853,884 | €1,176,312 | +€322,429 | +37.8% |
| Equity | 10/15 | €667,495 | €1,069,800 | +€402,305 | +60.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €652,000 | €1,054,800 | +€402,800 | +61.8% |
| Distributable reserves | 133 | €652,000 | €1,054,800 | +€402,800 | +61.8% |
| Profit (loss) carried forward | 14 | €495 | - | -€495 | |
| Amounts payable | 17/49 | €186,388 | €106,512 | -€79,876 | -42.9% |
| Amounts payable within one year | 42/48 | €186,388 | €106,512 | -€79,876 | -42.9% |
| Financial debts | 43 | €288 | €720 | +€432 | +150% |
| Other loans | 439 | €288 | €720 | +€432 | +150% |
| Trade debts | 44 | €47,656 | €32,710 | -€14,945 | -31.4% |
| Suppliers | 440/4 | €47,656 | €32,710 | -€14,945 | -31.4% |
| Taxes, remuneration and social security | 45 | €138,445 | €62,330 | -€76,115 | -55.0% |
| Taxes | 450/3 | €103,891 | €22,845 | -€81,046 | -78.0% |
| Remuneration and social security | 454/9 | €34,554 | €39,484 | +€4,930 | +14.3% |
| Other amounts payable | 47/48 | - | €10,753 | +€10,753 | |
| Remuneration, social security and pensions | 62 | €374,014 | €392,158 | +€18,144 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,162 | €29,625 | +€6,463 | +27.9% |
| Other operating charges | 640/8 | €3,111 | €3,472 | +€361 | +11.6% |
| Gross operating margin | 9900 | €875,740 | €947,156 | +€71,416 | +8.2% |
| Operating profit (loss) | 9901 | €475,453 | €521,900 | +€46,447 | +9.8% |
| Financial income | 75/76B | €17,295 | €14,377 | -€2,918 | -16.9% |
| Recurring financial income | 75 | €17,295 | €14,377 | -€2,918 | -16.9% |
| Financial charges | 65/66B | €32,013 | €504 | -€31,509 | -98.4% |
| Recurring financial charges | 65 | €32,013 | €504 | -€31,509 | -98.4% |
| Profit (loss) for the period before taxes | 9903 | €460,734 | €535,773 | +€75,038 | +16.3% |
| Income taxes | 67/77 | €110,325 | €133,468 | +€23,143 | +21.0% |
| Profit (loss) for the period | 9904 | €350,409 | €402,305 | +€51,896 | +14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €350,409 | €402,305 | +€51,896 | +14.8% |
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 24 October 2026 via checked.be.