PRINCETEC: what changed
Two fiscal 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.
PRINCETEC
Largest movements
- Receivables within one year -€7,595
down €7,595 (-49.9%), from €15,230 to €7,635
of which Trade receivables: -€7,139
- Profit (loss) carried forward -€31,706
down €31,706 (-18.7%), from -€169,245 to -€200,951
- Other debts +€29,696
up €29,696 (+13.6%), from €218,529 to €248,225
- Trade debts -€4,449
down €4,449 (-44.5%), from €9,994 to €5,545
- Gross operating margin +€7,024
up €7,024 (+28.8%), from -€24,369 to -€17,346
- Financial income -€5,972
no longer reported in 2025 (was €5,972)
- Other operating charges +€656
up €656 (+28.4%), from €2,313 to €2,968
- Financial charges -€381
down €381 (-4.2%), from €9,141 to €8,760
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 | €439,866 | €432,182 | -€7,684 | -1.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €411,316 | €408,934 | -€2,382 | -0.6% |
| Tangible fixed assets | 22/27 | €409,041 | €406,659 | -€2,382 | -0.6% |
| Land and buildings | 22 | €407,448 | €405,678 | -€1,770 | -0.4% |
| Plant, machinery and equipment | 23 | €1,593 | €981 | -€612 | -38.4% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €2,275 | €2,275 | = | 0.0% |
| Current assets | 29/58 | €28,550 | €23,248 | -€5,302 | -18.6% |
| Amounts receivable within one year | 40/41 | €15,230 | €7,635 | -€7,595 | -49.9% |
| Trade receivables | 40 | €7,139 | €0 | -€7,139 | -100.0% |
| Other amounts receivable | 41 | €8,091 | €7,635 | -€456 | -5.6% |
| Current investments | 50/53 | €7,891 | €10,341 | +€2,450 | +31.0% |
| Cash at bank and in hand | 54/58 | €5,429 | €5,272 | -€157 | -2.9% |
| Total equity and liabilities | 10/49 | €439,866 | €432,182 | -€7,684 | -1.7% |
| Equity | 10/15 | -€85,132 | -€116,838 | -€31,706 | -37.2% |
| Contributions | 10/11 | €19,830 | €19,830 | = | 0.0% |
| Reserves | 13 | €64,283 | €64,283 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,983 | €1,983 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,983 | €1,983 | = | 0.0% |
| Distributable reserves | 133 | €62,300 | €62,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€169,245 | -€200,951 | -€31,706 | -18.7% |
| Amounts payable | 17/49 | €524,997 | €549,020 | +€24,022 | +4.6% |
| Amounts payable after more than one year | 17 | €295,000 | €295,000 | = | 0.0% |
| Financial debts | 170/4 | €295,000 | €295,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €229,997 | €254,020 | +€24,022 | +10.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €9,994 | €5,545 | -€4,449 | -44.5% |
| Suppliers | 440/4 | €9,994 | €5,545 | -€4,449 | -44.5% |
| Taxes, remuneration and social security | 45 | €1,475 | €250 | -€1,225 | -83.0% |
| Taxes | 450/3 | €1,475 | €250 | -€1,225 | -83.0% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €218,529 | €248,225 | +€29,696 | +13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,382 | €2,382 | = | 0.0% |
| Other operating charges | 640/8 | €2,313 | €2,968 | +€656 | +28.4% |
| Gross operating margin | 9900 | -€24,369 | -€17,346 | +€7,024 | +28.8% |
| Operating profit (loss) | 9901 | -€29,064 | -€22,696 | +€6,368 | +21.9% |
| Financial income | 75/76B | €5,972 | - | -€5,972 | |
| Recurring financial income | 75 | €5,972 | - | -€5,972 | |
| Financial charges | 65/66B | €9,141 | €8,760 | -€381 | -4.2% |
| Recurring financial charges | 65 | €9,141 | €8,760 | -€381 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | -€32,233 | -€31,456 | +€777 | +2.4% |
| Income taxes | 67/77 | €236 | €250 | +€14 | +5.9% |
| Profit (loss) for the period | 9904 | -€32,469 | -€31,706 | +€763 | +2.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,469 | -€31,706 | +€763 | +2.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.