DE PRINS: what changed
Two fiscal 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.
DE PRINS
Largest movements
- Cash -€44,385
down €44,385 (-23.1%), from €191,938 to €147,553
mainly Contributions, distributions and other (-€111,811) and Investment in fixed assets (net) (-€35,656)
- Receivables within one year -€26,645
down €26,645 (-23.7%), from €112,635 to €85,990
of which Trade receivables: -€22,913
- Current investments +€20,000
up €20,000 (+39.5%), from €50,685 to €70,685
- Reserves -€57,131
down €57,131 (-16.3%), from €349,464 to €292,333
of which Distributable reserves: -€55,691
- Other debts +€56,830
up €56,830 (+130.7%), from €43,467 to €100,297
- Trade debts -€34,950
down €34,950 (-49.8%), from €70,231 to €35,280
- Debts after one year -€10,533
down €10,533 (-100.0%), from €10,533 to €0
- Tax, wage and social debts -€7,703
down €7,703 (-46.8%), from €16,477 to €8,774
of which Remuneration and social security: -€6,283
- Gross operating margin -€30,863
down €30,863 (-19.1%), from €161,413 to €130,551
- Staff costs -€13,217
down €13,217 (-42.6%), from €31,042 to €17,825
- Taxes -€9,032
down €9,032 (-30.0%), from €30,109 to €21,077
- Depreciation +€4,222
up €4,222 (+14.4%), from €29,396 to €33,618
- Other operating charges +€3,509
up €3,509 (+98.1%), from €3,578 to €7,087
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 | €520,130 | €466,734 | -€53,396 | -10.3% |
| Fixed assets | 21/28 | €130,015 | €132,053 | +€2,038 | +1.6% |
| Tangible fixed assets | 22/27 | €129,880 | €131,918 | +€2,038 | +1.6% |
| Land and buildings | 22 | €41,993 | €35,236 | -€6,756 | -16.1% |
| Plant, machinery and equipment | 23 | €86,885 | €76,120 | -€10,765 | -12.4% |
| Furniture and vehicles | 24 | €1,002 | €14,929 | +€13,927 | +1389.5% |
| Other tangible fixed assets | 26 | - | €5,632 | +€5,632 | |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €390,115 | €334,681 | -€55,434 | -14.2% |
| Stocks and contracts in progress | 3 | €27,900 | €23,664 | -€4,236 | -15.2% |
| Stocks | 30/36 | €27,900 | €23,664 | -€4,236 | -15.2% |
| Amounts receivable within one year | 40/41 | €112,635 | €85,990 | -€26,645 | -23.7% |
| Trade receivables | 40 | €94,529 | €71,616 | -€22,913 | -24.2% |
| Other amounts receivable | 41 | €18,105 | €14,373 | -€3,732 | -20.6% |
| Current investments | 50/53 | €50,685 | €70,685 | +€20,000 | +39.5% |
| Cash at bank and in hand | 54/58 | €191,938 | €147,553 | -€44,385 | -23.1% |
| Deferred charges and accrued income | 490/1 | €6,957 | €6,790 | -€167 | -2.4% |
| Total equity and liabilities | 10/49 | €520,130 | €466,734 | -€53,396 | -10.3% |
| Equity | 10/15 | €368,064 | €310,933 | -€57,131 | -15.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €349,464 | €292,333 | -€57,131 | -16.3% |
| Tax-exempt reserves | 132 | €2,296 | €856 | -€1,440 | -62.7% |
| Distributable reserves | 133 | €347,168 | €291,477 | -€55,691 | -16.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €574 | €214 | -€360 | -62.7% |
| Deferred taxes | 168 | €574 | €214 | -€360 | -62.7% |
| Amounts payable | 17/49 | €151,492 | €155,587 | +€4,095 | +2.7% |
| Amounts payable after more than one year | 17 | €10,533 | €0 | -€10,533 | -100.0% |
| Financial debts | 170/4 | €10,533 | €0 | -€10,533 | -100.0% |
| Amounts payable within one year | 42/48 | €140,708 | €154,885 | +€14,177 | +10.1% |
| Current portion of amounts payable after more than one year | 42 | €10,533 | €10,533 | = | 0.0% |
| Trade debts | 44 | €70,231 | €35,280 | -€34,950 | -49.8% |
| Suppliers | 440/4 | €70,231 | €35,280 | -€34,950 | -49.8% |
| Taxes, remuneration and social security | 45 | €16,477 | €8,774 | -€7,703 | -46.8% |
| Taxes | 450/3 | €7,032 | €5,612 | -€1,420 | -20.2% |
| Remuneration and social security | 454/9 | €9,445 | €3,162 | -€6,283 | -66.5% |
| Other amounts payable | 47/48 | €43,467 | €100,297 | +€56,830 | +130.7% |
| Accrued charges and deferred income | 492/3 | €250 | €701 | +€451 | +180.6% |
| Remuneration, social security and pensions | 62 | €31,042 | €17,825 | -€13,217 | -42.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,396 | €33,618 | +€4,222 | +14.4% |
| Other operating charges | 640/8 | €3,578 | €7,087 | +€3,509 | +98.1% |
| Gross operating margin | 9900 | €161,413 | €130,551 | -€30,863 | -19.1% |
| Operating profit (loss) | 9901 | €97,396 | €72,020 | -€25,376 | -26.1% |
| Financial income | 75/76B | €2,408 | €3,944 | +€1,536 | +63.8% |
| Recurring financial income | 75 | €2,408 | €3,944 | +€1,536 | +63.8% |
| Financial charges | 65/66B | €1,489 | €567 | -€922 | -61.9% |
| Recurring financial charges | 65 | €1,489 | €567 | -€922 | -61.9% |
| Profit (loss) for the period before taxes | 9903 | €98,315 | €75,397 | -€22,918 | -23.3% |
| Transfer from deferred taxes | 780 | €360 | €360 | = | 0.0% |
| Income taxes | 67/77 | €30,109 | €21,077 | -€9,032 | -30.0% |
| Profit (loss) for the period | 9904 | €68,566 | €54,680 | -€13,886 | -20.3% |
| Transfer from tax-exempt reserves | 789 | €1,440 | €1,440 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €70,006 | €56,120 | -€13,886 | -19.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.