Princen IT-Solutions: 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.
Princen IT-Solutions
Largest movements
- Cash +€31,588
up €31,588 (+21.2%), from €149,217 to €180,804
mainly Other debts (+€155,120) and Net result for the year (+€32,403)
- Tangible fixed assets -€15,071
down €15,071 (-7.8%), from €193,290 to €178,219
of which Land and buildings: -€15,792
- Receivables within one year -€14,690
down €14,690 (-29.8%), from €49,336 to €34,646
- Profit (loss) carried forward -€157,341
down €157,341 (-100%), from €157,341 to €0
- Other debts +€155,120
up €155,120 (+1,775%), from €8,738 to €163,857
- Reserves +€27,017
up €27,017 (+24.0%), from €112,427 to €139,444
- Trade debts -€15,918
down €15,918 (-98.9%), from €16,103 to €185
- Debts after one year -€11,000
down €11,000 (-17.9%), from €61,416 to €50,416
- Gross operating margin -€3,161
down €3,161 (-4.1%), from €76,533 to €73,373
- Depreciation +€1,603
up €1,603 (+7.9%), from €20,187 to €21,790
- Taxes -€1,054
down €1,054 (-6.7%), from €15,642 to €14,588
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 | €392,541 | €394,739 | +€2,197 | +0.6% |
| Fixed assets | 21/28 | €193,290 | €178,219 | -€15,071 | -7.8% |
| Tangible fixed assets | 22/27 | €193,290 | €178,219 | -€15,071 | -7.8% |
| Land and buildings | 22 | €178,370 | €162,578 | -€15,792 | -8.9% |
| Plant, machinery and equipment | 23 | €4,360 | €6,150 | +€1,790 | +41.1% |
| Furniture and vehicles | 24 | €4,372 | €2,939 | -€1,434 | -32.8% |
| Other tangible fixed assets | 26 | €6,188 | €6,552 | +€364 | +5.9% |
| Current assets | 29/58 | €199,251 | €216,520 | +€17,268 | +8.7% |
| Amounts receivable within one year | 40/41 | €49,336 | €34,646 | -€14,690 | -29.8% |
| Trade receivables | 40 | €49,336 | €34,646 | -€14,690 | -29.8% |
| Cash at bank and in hand | 54/58 | €149,217 | €180,804 | +€31,588 | +21.2% |
| Deferred charges and accrued income | 490/1 | €698 | €1,069 | +€371 | +53.1% |
| Total equity and liabilities | 10/49 | €392,541 | €394,739 | +€2,197 | +0.6% |
| Equity | 10/15 | €272,229 | €141,904 | -€130,325 | -47.9% |
| Contributions | 10/11 | €2,460 | €2,460 | = | 0.0% |
| Reserves | 13 | €112,427 | €139,444 | +€27,017 | +24.0% |
| Distributable reserves | 133 | €112,427 | €139,444 | +€27,017 | +24.0% |
| Profit (loss) carried forward | 14 | €157,341 | €0 | -€157,341 | -100% |
| Amounts payable | 17/49 | €120,312 | €252,834 | +€132,522 | +110% |
| Amounts payable after more than one year | 17 | €61,416 | €50,416 | -€11,000 | -17.9% |
| Financial debts | 170/4 | €61,416 | €50,416 | -€11,000 | -17.9% |
| Amounts payable within one year | 42/48 | €58,896 | €202,418 | +€143,522 | +244% |
| Current portion of amounts payable after more than one year | 42 | €11,000 | €11,000 | = | 0.0% |
| Trade debts | 44 | €16,103 | €185 | -€15,918 | -98.9% |
| Suppliers | 440/4 | €16,103 | €185 | -€15,918 | -98.9% |
| Taxes, remuneration and social security | 45 | €23,056 | €27,376 | +€4,320 | +18.7% |
| Taxes | 450/3 | €23,056 | €27,376 | +€4,320 | +18.7% |
| Other amounts payable | 47/48 | €8,738 | €163,857 | +€155,120 | +1,775% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,187 | €21,790 | +€1,603 | +7.9% |
| Other operating charges | 640/8 | €2,726 | €2,023 | -€703 | -25.8% |
| Gross operating margin | 9900 | €76,533 | €73,373 | -€3,161 | -4.1% |
| Operating profit (loss) | 9901 | €53,620 | €49,560 | -€4,060 | -7.6% |
| Financial income | 75/76B | €73 | €2 | -€71 | -97.2% |
| Recurring financial income | 75 | €73 | €2 | -€71 | -97.2% |
| Financial charges | 65/66B | €2,813 | €2,571 | -€242 | -8.6% |
| Recurring financial charges | 65 | €2,813 | €2,571 | -€242 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €50,880 | €46,991 | -€3,889 | -7.6% |
| Income taxes | 67/77 | €15,642 | €14,588 | -€1,054 | -6.7% |
| Profit (loss) for the period | 9904 | €35,239 | €32,403 | -€2,835 | -8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €35,239 | €32,403 | -€2,835 | -8.0% |
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 23 October 2026 via checked.be.