Princesse Résidence: 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.
What changed
Princesse Résidence
NACE 68.121, Development of residential building projects
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€28,092
2024 · -€220,335+€192,242
Equity
€9.9m
2024 · €9.7m+€171,908
Cash
€247,310
2024 · €37,010+€210,301
Balance sheet total
€17.0m
2024 · €16.8m+€221,898
Largest movements
Assets
- Cash +€210,301
up €210,301 (+568%), from €37,010 to €247,310
mainly Depreciation (+€451,018) and Contributions, distributions and other (+€200,000)
Equity and liabilities
- Contributions +€200,000
up €200,000 (+2.0%), from €9.8m to €10.0m
Income statement
- Gross operating margin +€293,954
up €293,954 (+40.0%), from €734,788 to €1.0m
- Other operating charges +€110,230
up €110,230 (+45.4%), from €242,893 to €353,123
- Write-downs -€66,594
down €66,594, from €12,849 to -€53,744
- Financial charges +€50,857
up €50,857 (+19.4%), from €261,699 to €312,557
- Depreciation +€13,337
up €13,337 (+3.0%), from €437,681 to €451,018
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.
Result 2024
-€220,335
Gross operating margin
+€293,954
Depreciation
-€13,337
Write-downs
+€66,594
Other operating charges
-€110,230
Financial income
+€4,977
Financial charges
-€50,857
Taxes
+€1,142
Result 2025
-€28,092
raises the resultlowers the result
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.
From operations
+€337,929
Investment
-€327,629
Financing
+€200,000
Cash 2024
€37,010
From operations (derived)
+€337,929
Net result for the year
-€28,092
Depreciation
+€451,018
Receivables within one year
-€116,686
Deferred charges and accrued income
-€18,300
Trade debts
-€83,183
Tax, wage and social debts
+€30,537
Advances received
-€10,460
Accrued charges and deferred income
+€113,096
Investment (derived)
-€327,629
Investment in fixed assets (net)
-€327,629
Financing
+€200,000
Contributions, distributions and other
+€200,000
Cash 2025
€247,310
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,823,856 | €17,045,754 | +€221,898 | +1.3% |
| Fixed assets | 21/28 | €16,753,480 | €16,630,091 | -€123,389 | -0.7% |
| Tangible fixed assets | 22/27 | €16,753,480 | €16,630,091 | -€123,389 | -0.7% |
| Land and buildings | 22 | €16,743,276 | €16,630,091 | -€113,185 | -0.7% |
| Assets under construction and advance payments | 27 | €10,204 | - | -€10,204 | |
| Current assets | 29/58 | €70,376 | €415,663 | +€345,287 | +491% |
| Amounts receivable within one year | 40/41 | €27,164 | €143,850 | +€116,686 | +430% |
| Trade receivables | 40 | €27,132 | €143,850 | +€116,718 | +430% |
| Other amounts receivable | 41 | €32 | - | -€32 | |
| Cash at bank and in hand | 54/58 | €37,010 | €247,310 | +€210,301 | +568% |
| Deferred charges and accrued income | 490/1 | €6,202 | €24,502 | +€18,300 | +295% |
| Total equity and liabilities | 10/49 | €16,823,856 | €17,045,754 | +€221,898 | +1.3% |
| Equity | 10/15 | €9,712,424 | €9,884,332 | +€171,908 | +1.8% |
| Contributions | 10/11 | €9,842,851 | €10,042,851 | +€200,000 | +2.0% |
| Capital | 10 | €9,842,851 | €10,042,851 | +€200,000 | +2.0% |
| Issued capital | 100 | €9,842,851 | €10,042,851 | +€200,000 | +2.0% |
| Reserves | 13 | €89,908 | €89,908 | = | 0.0% |
| Non-distributable reserves | 130/1 | €89,908 | €89,908 | = | 0.0% |
| Legal reserve | 130 | €89,908 | €89,908 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€220,335 | -€248,427 | -€28,092 | -12.7% |
| Amounts payable | 17/49 | €7,111,432 | €7,161,422 | +€49,990 | +0.7% |
| Amounts payable after more than one year | 17 | €6,850,000 | €6,850,000 | = | 0.0% |
| Financial debts | 170/4 | €6,850,000 | €6,850,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €142,790 | €79,684 | -€63,106 | -44.2% |
| Trade debts | 44 | €83,183 | - | -€83,183 | |
| Suppliers | 440/4 | €83,183 | - | -€83,183 | |
| Advances received on contracts in progress | 46 | €10,460 | - | -€10,460 | |
| Taxes, remuneration and social security | 45 | - | €30,537 | +€30,537 | |
| Taxes | 450/3 | - | €30,537 | +€30,537 | |
| Other amounts payable | 47/48 | €49,147 | €49,147 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €118,642 | €231,738 | +€113,096 | +95.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €437,681 | €451,018 | +€13,337 | +3.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €12,849 | -€53,744 | -€66,594 | |
| Other operating charges | 640/8 | €242,893 | €353,123 | +€110,230 | +45.4% |
| Gross operating margin | 9900 | €734,788 | €1,028,741 | +€293,954 | +40.0% |
| Operating profit (loss) | 9901 | €41,365 | €278,345 | +€236,980 | +573% |
| Financial income | 75/76B | - | €4,977 | +€4,977 | |
| Recurring financial income | 75 | - | €4,977 | +€4,977 | |
| Financial charges | 65/66B | €261,699 | €312,557 | +€50,857 | +19.4% |
| Recurring financial charges | 65 | €261,699 | €312,557 | +€50,857 | +19.4% |
| Profit (loss) for the period before taxes | 9903 | -€220,335 | -€29,234 | +€191,100 | +86.7% |
| Income taxes | 67/77 | - | -€1,142 | -€1,142 | |
| Profit (loss) for the period | 9904 | -€220,335 | -€28,092 | +€192,242 | +87.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€220,335 | -€28,092 | +€192,242 | +87.3% |
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 24 October 2026 via checked.be.