PRINCESS CEF: 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 CEF
Largest movements
- Stocks and contracts +€112,082
up €112,082 (+4.8%), from €2.3m to €2.4m
- Debts after one year +€137,281
up €137,281 (+6.2%), from €2.2m to €2.4m
- Financial charges -€11,664
down €11,664 (-9.4%), from €123,682 to €112,018
- Gross operating margin -€11,632
down €11,632 (-9.4%), from €123,530 to €111,898
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 | €2,330,142 | €2,443,351 | +€113,210 | +4.9% |
| Current assets | 29/58 | €2,330,142 | €2,443,351 | +€113,210 | +4.9% |
| Stocks and contracts in progress | 3 | €2,329,613 | €2,441,695 | +€112,082 | +4.8% |
| Stocks | 30/36 | €2,329,613 | €2,441,695 | +€112,082 | +4.8% |
| Cash at bank and in hand | 54/58 | €226 | €1,656 | +€1,431 | +634.0% |
| Deferred charges and accrued income | 490/1 | €303 | - | -€303 | |
| Total equity and liabilities | 10/49 | €2,330,142 | €2,443,351 | +€113,210 | +4.9% |
| Equity | 10/15 | €78,694 | €77,382 | -€1,312 | -1.7% |
| Contributions | 10/11 | €79,000 | €79,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€306 | -€1,618 | -€1,312 | -429.0% |
| Amounts payable | 17/49 | €2,251,448 | €2,365,969 | +€114,522 | +5.1% |
| Amounts payable after more than one year | 17 | €2,227,381 | €2,364,662 | +€137,281 | +6.2% |
| Financial debts | 170/4 | €2,227,381 | €2,364,662 | +€137,281 | +6.2% |
| Amounts payable within one year | 42/48 | €22,898 | €164 | -€22,733 | -99.3% |
| Trade debts | 44 | €126 | €164 | +€38 | +30.4% |
| Suppliers | 440/4 | €126 | €164 | +€38 | +30.4% |
| Taxes, remuneration and social security | 45 | €22,772 | - | -€22,772 | |
| Taxes | 450/3 | €22,772 | - | -€22,772 | |
| Accrued charges and deferred income | 492/3 | €1,169 | €1,143 | -€26 | -2.3% |
| Other operating charges | 640/8 | €577 | €1,192 | +€615 | +106.5% |
| Gross operating margin | 9900 | €123,530 | €111,898 | -€11,632 | -9.4% |
| Operating profit (loss) | 9901 | €122,953 | €110,706 | -€12,247 | -10.0% |
| Financial charges | 65/66B | €123,682 | €112,018 | -€11,664 | -9.4% |
| Recurring financial charges | 65 | €123,682 | €112,018 | -€11,664 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | -€729 | -€1,312 | -€583 | -79.9% |
| Profit (loss) for the period | 9904 | -€729 | -€1,312 | -€583 | -79.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€729 | -€1,312 | -€583 | -79.9% |
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 10 October 2026 via checked.be.