PRINCEPS: 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.
PRINCEPS
Largest movements
- Tangible fixed assets -€74,684
down €74,684 (-13.0%), from €574,056 to €499,372
of which Land and buildings: -€54,543
- Cash +€42,509
up €42,509 (+38.6%), from €110,023 to €152,532
mainly Depreciation (+€79,976) and Net result for the year (+€55,590)
- Receivables within one year +€13,075
up €13,075 (+39.8%), from €32,820 to €45,895
of which Other amounts receivable: +€22,106
- Profit (loss) carried forward +€64,771
up €64,771 (+45.4%), from €142,798 to €207,569
- Reserves -€55,181
down €55,181 (-30.5%), from €180,864 to €125,683
of which Distributable reserves: -€46,000
- Debts after one year -€29,556
down €29,556 (-12.0%), from €246,032 to €216,476
- Other debts +€23,411
up €23,411 (+80.9%), from €28,921 to €52,332
- Trade debts -€16,401
down €16,401 (-83.4%), from €19,663 to €3,262
- Other operating charges -€8,719
down €8,719 (-40.1%), from €21,764 to €13,045
- Gross operating margin +€8,567
up €8,567 (+5.2%), from €164,283 to €172,849
- Financial charges +€6,499
up €6,499 (+45.7%), from €14,227 to €20,726
- Taxes +€3,065
up €3,065 (+51.0%), from €6,005 to €9,071
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 | €724,636 | €709,819 | -€14,817 | -2.0% |
| Fixed assets | 21/28 | €574,156 | €499,472 | -€74,684 | -13.0% |
| Tangible fixed assets | 22/27 | €574,056 | €499,372 | -€74,684 | -13.0% |
| Land and buildings | 22 | €475,552 | €421,009 | -€54,543 | -11.5% |
| Plant, machinery and equipment | 23 | €40,242 | €32,890 | -€7,352 | -18.3% |
| Furniture and vehicles | 24 | €5,051 | €4,769 | -€282 | -5.6% |
| Leasing and similar rights | 25 | €37,065 | €25,791 | -€11,274 | -30.4% |
| Other tangible fixed assets | 26 | €16,147 | €14,913 | -€1,233 | -7.6% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €150,480 | €210,347 | +€59,867 | +39.8% |
| Amounts receivable within one year | 40/41 | €32,820 | €45,895 | +€13,075 | +39.8% |
| Trade receivables | 40 | €24,140 | €15,109 | -€9,031 | -37.4% |
| Other amounts receivable | 41 | €8,680 | €30,786 | +€22,106 | +254.7% |
| Cash at bank and in hand | 54/58 | €110,023 | €152,532 | +€42,509 | +38.6% |
| Deferred charges and accrued income | 490/1 | €7,637 | €11,920 | +€4,283 | +56.1% |
| Total equity and liabilities | 10/49 | €724,636 | €709,819 | -€14,817 | -2.0% |
| Equity | 10/15 | €342,261 | €351,851 | +€9,590 | +2.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €180,864 | €125,683 | -€55,181 | -30.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €76,204 | €67,023 | -€9,181 | -12.0% |
| Distributable reserves | 133 | €102,800 | €56,800 | -€46,000 | -44.7% |
| Profit (loss) carried forward | 14 | €142,798 | €207,569 | +€64,771 | +45.4% |
| Provisions and deferred taxes | 16 | €36,080 | €31,984 | -€4,096 | -11.4% |
| Deferred taxes | 168 | €36,080 | €31,984 | -€4,096 | -11.4% |
| Amounts payable | 17/49 | €346,294 | €325,983 | -€20,311 | -5.9% |
| Amounts payable after more than one year | 17 | €246,032 | €216,476 | -€29,556 | -12.0% |
| Financial debts | 170/4 | €246,032 | €216,476 | -€29,556 | -12.0% |
| Amounts payable within one year | 42/48 | €93,242 | €103,201 | +€9,959 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €27,013 | €28,608 | +€1,595 | +5.9% |
| Trade debts | 44 | €19,663 | €3,262 | -€16,401 | -83.4% |
| Suppliers | 440/4 | €19,663 | €3,262 | -€16,401 | -83.4% |
| Taxes, remuneration and social security | 45 | €17,646 | €18,999 | +€1,354 | +7.7% |
| Taxes | 450/3 | €17,646 | €18,999 | +€1,354 | +7.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €28,921 | €52,332 | +€23,411 | +80.9% |
| Accrued charges and deferred income | 492/3 | €7,020 | €6,306 | -€714 | -10.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,920 | €79,976 | +€1,056 | +1.3% |
| Other operating charges | 640/8 | €21,764 | €13,045 | -€8,719 | -40.1% |
| Gross operating margin | 9900 | €164,283 | €172,849 | +€8,567 | +5.2% |
| Operating profit (loss) | 9901 | €63,599 | €79,829 | +€16,230 | +25.5% |
| Financial income | 75/76B | €184 | €1,462 | +€1,277 | +692.7% |
| Recurring financial income | 75 | €184 | €1,462 | +€1,277 | +692.7% |
| Financial charges | 65/66B | €14,227 | €20,726 | +€6,499 | +45.7% |
| Recurring financial charges | 65 | €14,227 | €20,726 | +€6,499 | +45.7% |
| Profit (loss) for the period before taxes | 9903 | €49,557 | €60,565 | +€11,008 | +22.2% |
| Transfer from deferred taxes | 780 | €4,096 | €4,096 | = | 0.0% |
| Income taxes | 67/77 | €6,005 | €9,071 | +€3,065 | +51.0% |
| Profit (loss) for the period | 9904 | €47,647 | €55,590 | +€7,943 | +16.7% |
| Transfer from tax-exempt reserves | 789 | €9,181 | €9,181 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €56,828 | €64,771 | +€7,943 | +14.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.