PRINCIOTTA JONATHAN: 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.
PRINCIOTTA JONATHAN
Largest movements
- Stocks and contracts +€135,598
up €135,598 (+68.8%), from €196,997 to €332,595
- Receivables within one year +€37,556
up €37,556 (+122%), from €30,735 to €68,291
of which Trade receivables: +€37,476
- Tangible fixed assets -€24,493
down €24,493 (-3.7%), from €654,456 to €629,963
of which Furniture and vehicles: -€17,150
- Cash +€24,264
up €24,264 (+457%), from €5,310 to €29,574
mainly Trade debts (+€146,292) and Net result for the year (+€94,422)
- Trade debts +€146,292
up €146,292 (+890%), from €16,446 to €162,738
- Reserves +€61,757
up €61,757 (+45.1%), from €136,882 to €198,639
- Accrued charges and deferred income -€46,190
down €46,190 (-98.5%), from €46,873 to €684
- Profit (loss) carried forward +€32,665
no longer reported in 2025 (was -€32,665)
- Tax, wage and social debts +€32,034
up €32,034 (+85.9%), from €37,280 to €69,314
of which Taxes: +€31,761
- Gross operating margin +€148,994
up €148,994 (+210%), from €70,922 to €219,916
- Taxes +€33,824
new in 2025: €33,824
- Financial charges +€10,661
up €10,661 (+41.8%), from €25,525 to €36,186
- Other operating charges +€6,335
up €6,335 (+151%), from €4,201 to €10,536
- Staff costs +€3,166
new in 2025: €3,166
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 | €892,223 | €1,074,800 | +€182,577 | +20.5% |
| Fixed assets | 21/28 | €657,476 | €632,984 | -€24,493 | -3.7% |
| Tangible fixed assets | 22/27 | €654,456 | €629,963 | -€24,493 | -3.7% |
| Land and buildings | 22 | €568,539 | €569,749 | +€1,211 | +0.2% |
| Plant, machinery and equipment | 23 | €18,491 | €9,938 | -€8,553 | -46.3% |
| Furniture and vehicles | 24 | €67,426 | €50,276 | -€17,150 | -25.4% |
| Financial fixed assets | 28 | €3,020 | €3,020 | = | 0.0% |
| Current assets | 29/58 | €234,747 | €441,816 | +€207,070 | +88.2% |
| Stocks and contracts in progress | 3 | €196,997 | €332,595 | +€135,598 | +68.8% |
| Stocks | 30/36 | €196,997 | €332,595 | +€135,598 | +68.8% |
| Amounts receivable within one year | 40/41 | €30,735 | €68,291 | +€37,556 | +122% |
| Trade receivables | 40 | €22,159 | €59,635 | +€37,476 | +169% |
| Other amounts receivable | 41 | €8,577 | €8,657 | +€80 | +0.9% |
| Cash at bank and in hand | 54/58 | €5,310 | €29,574 | +€24,264 | +457% |
| Deferred charges and accrued income | 490/1 | €1,705 | €11,356 | +€9,651 | +566% |
| Total equity and liabilities | 10/49 | €892,223 | €1,074,800 | +€182,577 | +20.5% |
| Equity | 10/15 | €122,817 | €217,239 | +€94,422 | +76.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €136,882 | €198,639 | +€61,757 | +45.1% |
| Distributable reserves | 133 | €136,882 | €198,639 | +€61,757 | +45.1% |
| Profit (loss) carried forward | 14 | -€32,665 | - | +€32,665 | |
| Amounts payable | 17/49 | €769,406 | €857,561 | +€88,155 | +11.5% |
| Amounts payable after more than one year | 17 | €417,736 | €387,904 | -€29,832 | -7.1% |
| Financial debts | 170/4 | €406,825 | €387,904 | -€18,920 | -4.7% |
| Trade debts | 175 | €10,912 | - | -€10,912 | |
| Amounts payable within one year | 42/48 | €304,796 | €468,973 | +€164,177 | +53.9% |
| Current portion of amounts payable after more than one year | 42 | €47,882 | €48,332 | +€450 | +0.9% |
| Financial debts | 43 | €65,000 | €41,000 | -€24,000 | -36.9% |
| Credit institutions | 430/8 | €65,000 | €41,000 | -€24,000 | -36.9% |
| Trade debts | 44 | €16,446 | €162,738 | +€146,292 | +890% |
| Suppliers | 440/4 | €16,446 | €162,738 | +€146,292 | +890% |
| Advances received on contracts in progress | 46 | - | €1,740 | +€1,740 | |
| Taxes, remuneration and social security | 45 | €37,280 | €69,314 | +€32,034 | +85.9% |
| Taxes | 450/3 | €37,280 | €69,041 | +€31,761 | +85.2% |
| Remuneration and social security | 454/9 | - | €272 | +€272 | |
| Other amounts payable | 47/48 | €138,188 | €145,849 | +€7,661 | +5.5% |
| Accrued charges and deferred income | 492/3 | €46,873 | €684 | -€46,190 | -98.5% |
| Non-recurring operating income | 76A | €1,780 | €8,884 | +€7,104 | +399% |
| Remuneration, social security and pensions | 62 | - | €3,166 | +€3,166 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,125 | €48,030 | +€904 | +1.9% |
| Other operating charges | 640/8 | €4,201 | €10,536 | +€6,335 | +151% |
| Gross operating margin | 9900 | €70,922 | €219,916 | +€148,994 | +210% |
| Operating profit (loss) | 9901 | €19,595 | €158,184 | +€138,590 | +707% |
| Financial income | 75/76B | €7,260 | €6,248 | -€1,012 | -13.9% |
| Recurring financial income | 75 | €7,260 | €6,248 | -€1,012 | -13.9% |
| Financial charges | 65/66B | €25,525 | €36,186 | +€10,661 | +41.8% |
| Recurring financial charges | 65 | €25,525 | €36,186 | +€10,661 | +41.8% |
| Profit (loss) for the period before taxes | 9903 | €1,329 | €128,246 | +€126,916 | +9,547% |
| Income taxes | 67/77 | - | €33,824 | +€33,824 | |
| Profit (loss) for the period | 9904 | €1,329 | €94,422 | +€93,093 | +7,003% |
| Profit (loss) for the period to be appropriated | 9905 | €1,329 | €94,422 | +€93,093 | +7,003% |
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 1 November 2026 via checked.be.