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.
PRINCE
Largest movements
- Tangible fixed assets +€255,674
up €255,674 (+900.3%), from €28,398 to €284,072
of which Land and buildings: +€236,752
- Cash -€41,424
down €41,424 (-92.8%), from €44,640 to €3,215
- Debts after one year +€219,108
new in 2025: €219,108
- Profit (loss) carried forward -€49,299
down €49,299 (-949.7%), from -€5,191 to -€54,490
- Other debts +€24,050
new in 2025: €24,050
- Current portion of long-term debt +€8,918
new in 2025: €8,918
- Trade debts +€8,102
new in 2025: €8,102
- Depreciation +€15,362
up €15,362 (+1437.3%), from €1,069 to €16,431
- Financial charges +€9,729
up €9,729 (+7521.2%), from €129 to €9,858
- Gross operating margin -€7,067
down €7,067 (-56.6%), from -€12,495 to -€19,563
- Other operating charges +€1,685
up €1,685 (+88.7%), from €1,900 to €3,585
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €77,229 | €288,109 | +€210,880 | +273.1% |
| Fixed assets | 21/28 | €28,398 | €284,072 | +€255,674 | +900.3% |
| Tangible fixed assets | 22/27 | €28,398 | €284,072 | +€255,674 | +900.3% |
| Land and buildings | 22 | €28,398 | €265,150 | +€236,752 | +833.7% |
| Plant, machinery and equipment | 23 | - | €8,806 | +€8,806 | |
| Furniture and vehicles | 24 | - | €10,116 | +€10,116 | |
| Current assets | 29/58 | €48,832 | €4,037 | -€44,795 | -91.7% |
| Amounts receivable within one year | 40/41 | €1,887 | - | -€1,887 | |
| Trade receivables | 40 | €210 | - | -€210 | |
| Other amounts receivable | 41 | €1,676 | - | -€1,676 | |
| Cash at bank and in hand | 54/58 | €44,640 | €3,215 | -€41,424 | -92.8% |
| Deferred charges and accrued income | 490/1 | €2,306 | €821 | -€1,484 | -64.4% |
| Total equity and liabilities | 10/49 | €77,229 | €288,109 | +€210,880 | +273.1% |
| Equity | 10/15 | €77,229 | €27,930 | -€49,299 | -63.8% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €76,223 | €76,223 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | €74,364 | €76,223 | +€1,859 | +2.5% |
| Profit (loss) carried forward | 14 | -€5,191 | -€54,490 | -€49,299 | -949.7% |
| Amounts payable | 17/49 | - | €260,179 | +€260,179 | |
| Amounts payable after more than one year | 17 | - | €219,108 | +€219,108 | |
| Financial debts | 170/4 | - | €219,108 | +€219,108 | |
| Amounts payable within one year | 42/48 | - | €41,070 | +€41,070 | |
| Current portion of amounts payable after more than one year | 42 | - | €8,918 | +€8,918 | |
| Trade debts | 44 | - | €8,102 | +€8,102 | |
| Suppliers | 440/4 | - | €8,102 | +€8,102 | |
| Other amounts payable | 47/48 | - | €24,050 | +€24,050 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,069 | €16,431 | +€15,362 | +1437.3% |
| Other operating charges | 640/8 | €1,900 | €3,585 | +€1,685 | +88.7% |
| Gross operating margin | 9900 | -€12,495 | -€19,563 | -€7,067 | -56.6% |
| Operating profit (loss) | 9901 | -€15,464 | -€39,578 | -€24,114 | -155.9% |
| Financial income | 75/76B | €0 | €137 | +€137 | +34230.0% |
| Recurring financial income | 75 | €0 | €137 | +€137 | +34230.0% |
| Financial charges | 65/66B | €129 | €9,858 | +€9,729 | +7521.2% |
| Recurring financial charges | 65 | €129 | €9,858 | +€9,729 | +7521.2% |
| Profit (loss) for the period before taxes | 9903 | -€15,593 | -€49,299 | -€33,706 | -216.2% |
| Profit (loss) for the period | 9904 | -€15,593 | -€49,299 | -€33,706 | -216.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,593 | -€49,299 | -€33,706 | -216.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.