PRINCESS: 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.
PRINCESS
Largest movements
- Current investments -€96,816
down €96,816 (-100%), from €96,816 to €0
- Cash -€92,715
down €92,715 (-96.3%), from €96,246 to €3,530
mainly Debts after one year (-€161,920) and Advances received (-€40,972)
- Stocks and contracts -€20,862
down €20,862 (-39.9%), from €52,284 to €31,422
- Tangible fixed assets -€15,610
down €15,610 (-5.2%), from €298,499 to €282,889
- Receivables within one year +€7,550
up €7,550 (+208%), from €3,627 to €11,176
of which Other amounts receivable: +€5,275
- Debts after one year -€161,920
down €161,920 (-100%), from €161,920 to €0
- Advances received -€40,972
down €40,972 (-28.9%), from €141,866 to €100,894
- Profit (loss) carried forward +€21,533
up €21,533 (+57.1%), from €37,714 to €59,247
- Current portion of long-term debt -€19,477
down €19,477 (-100%), from €19,477 to €0
- Tax, wage and social debts -€10,705
down €10,705 (-100%), from €10,705 to €0
- Gross operating margin -€73,381
down €73,381 (-60.5%), from €121,245 to €47,864
- Financial charges -€4,632
down €4,632 (-51.1%), from €9,067 to €4,435
- Taxes -€3,723
down €3,723 (-34.2%), from €10,901 to €7,178
- Financial income +€1,530
up €1,530 (+235%), from €652 to €2,182
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 | €547,624 | €329,017 | -€218,607 | -39.9% |
| Fixed assets | 21/28 | €298,499 | €282,889 | -€15,610 | -5.2% |
| Tangible fixed assets | 22/27 | €298,499 | €282,889 | -€15,610 | -5.2% |
| Land and buildings | 22 | €298,499 | €282,889 | -€15,610 | -5.2% |
| Current assets | 29/58 | €249,125 | €46,128 | -€202,996 | -81.5% |
| Stocks and contracts in progress | 3 | €52,284 | €31,422 | -€20,862 | -39.9% |
| Contracts in progress | 37 | €52,284 | €31,422 | -€20,862 | -39.9% |
| Amounts receivable within one year | 40/41 | €3,627 | €11,176 | +€7,550 | +208% |
| Trade receivables | 40 | - | €2,275 | +€2,275 | |
| Other amounts receivable | 41 | €3,627 | €8,901 | +€5,275 | +145% |
| Current investments | 50/53 | €96,816 | €0 | -€96,816 | -100% |
| Cash at bank and in hand | 54/58 | €96,246 | €3,530 | -€92,715 | -96.3% |
| Deferred charges and accrued income | 490/1 | €152 | €0 | -€152 | -100% |
| Total equity and liabilities | 10/49 | €547,624 | €329,017 | -€218,607 | -39.9% |
| Equity | 10/15 | €105,914 | €127,447 | +€21,533 | +20.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,714 | €59,247 | +€21,533 | +57.1% |
| Amounts payable | 17/49 | €441,710 | €201,571 | -€240,140 | -54.4% |
| Amounts payable after more than one year | 17 | €161,920 | €0 | -€161,920 | -100% |
| Financial debts | 170/4 | €161,920 | €0 | -€161,920 | -100% |
| Amounts payable within one year | 42/48 | €184,613 | €106,394 | -€78,219 | -42.4% |
| Current portion of amounts payable after more than one year | 42 | €19,477 | €0 | -€19,477 | -100% |
| Trade debts | 44 | €12,566 | €5,500 | -€7,066 | -56.2% |
| Suppliers | 440/4 | €12,566 | €5,500 | -€7,066 | -56.2% |
| Advances received on contracts in progress | 46 | €141,866 | €100,894 | -€40,972 | -28.9% |
| Taxes, remuneration and social security | 45 | €10,705 | €0 | -€10,705 | -100% |
| Taxes | 450/3 | €10,705 | €0 | -€10,705 | -100% |
| Accrued charges and deferred income | 492/3 | €95,176 | €95,176 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,610 | €15,610 | = | 0.0% |
| Other operating charges | 640/8 | €1,239 | €1,290 | +€52 | +4.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €121,245 | €47,864 | -€73,381 | -60.5% |
| Operating profit (loss) | 9901 | €104,396 | €30,964 | -€73,432 | -70.3% |
| Financial income | 75/76B | €652 | €2,182 | +€1,530 | +235% |
| Recurring financial income | 75 | €652 | €2,182 | +€1,530 | +235% |
| Financial charges | 65/66B | €9,067 | €4,435 | -€4,632 | -51.1% |
| Recurring financial charges | 65 | €9,067 | €4,435 | -€4,632 | -51.1% |
| Profit (loss) for the period before taxes | 9903 | €95,981 | €28,710 | -€67,271 | -70.1% |
| Income taxes | 67/77 | €10,901 | €7,178 | -€3,723 | -34.2% |
| Profit (loss) for the period | 9904 | €85,080 | €21,533 | -€63,547 | -74.7% |
| Profit (loss) for the period to be appropriated | 9905 | €85,080 | €21,533 | -€63,547 | -74.7% |
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 15 October 2026 via checked.be.