PRINCIPESSA: 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.
PRINCIPESSA
Largest movements
- Tangible fixed assets -€22,729
down €22,729 (-42.2%), from €53,828 to €31,099
of which Furniture and vehicles: -€11,885
- Receivables within one year +€5,631
up €5,631 (+13.9%), from €40,541 to €46,172
of which Trade receivables: +€10,034
- Cash +€1,307
up €1,307 (+1,533%), from €85 to €1,393
mainly Investment in fixed assets (net) (+€11,808) and Depreciation (+€10,921)
- Debts after one year -€11,048
down €11,048 (-51.0%), from €21,659 to €10,611
- Reserves -€6,579
down €6,579 (-11.7%), from €56,105 to €49,526
of which Distributable reserves: -€6,579
- Tax, wage and social debts +€3,234
up €3,234 (+320%), from €1,010 to €4,244
- Trade debts -€1,405
down €1,405 (-48.3%), from €2,909 to €1,504
- Depreciation -€15,620
down €15,620 (-58.9%), from €26,541 to €10,921
- Taxes +€5,953
up €5,953 (+1,249%), from €476 to €6,429
- Gross operating margin -€3,355
down €3,355 (-10.0%), from €33,719 to €30,364
- Other operating charges -€2,461
down €2,461 (-58.6%), from €4,200 to €1,739
- Financial charges -€382
down €382 (-17.9%), from €2,134 to €1,752
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 | €94,869 | €78,999 | -€15,870 | -16.7% |
| Fixed assets | 21/28 | €53,828 | €31,099 | -€22,729 | -42.2% |
| Tangible fixed assets | 22/27 | €53,828 | €31,099 | -€22,729 | -42.2% |
| Land and buildings | 22 | €11,808 | - | -€11,808 | |
| Plant, machinery and equipment | 23 | €2,037 | - | -€2,037 | |
| Furniture and vehicles | 24 | €39,983 | €28,098 | -€11,885 | -29.7% |
| Other tangible fixed assets | 26 | - | €3,001 | +€3,001 | |
| Current assets | 29/58 | €41,041 | €47,900 | +€6,859 | +16.7% |
| Amounts receivable within one year | 40/41 | €40,541 | €46,172 | +€5,631 | +13.9% |
| Trade receivables | 40 | €3,518 | €13,552 | +€10,034 | +285% |
| Other amounts receivable | 41 | €37,024 | €32,620 | -€4,404 | -11.9% |
| Cash at bank and in hand | 54/58 | €85 | €1,393 | +€1,307 | +1,533% |
| Deferred charges and accrued income | 490/1 | €414 | €335 | -€79 | -19.0% |
| Total equity and liabilities | 10/49 | €94,869 | €78,999 | -€15,870 | -16.7% |
| Equity | 10/15 | €58,105 | €51,526 | -€6,579 | -11.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €56,105 | €49,526 | -€6,579 | -11.7% |
| Tax-exempt reserves | 132 | €248 | €248 | = | 0.0% |
| Distributable reserves | 133 | €55,857 | €49,278 | -€6,579 | -11.8% |
| Amounts payable | 17/49 | €36,764 | €27,474 | -€9,291 | -25.3% |
| Amounts payable after more than one year | 17 | €21,659 | €10,611 | -€11,048 | -51.0% |
| Financial debts | 170/4 | €21,659 | €10,611 | -€11,048 | -51.0% |
| Amounts payable within one year | 42/48 | €14,443 | €16,796 | +€2,353 | +16.3% |
| Current portion of amounts payable after more than one year | 42 | €10,524 | €11,048 | +€524 | +5.0% |
| Trade debts | 44 | €2,909 | €1,504 | -€1,405 | -48.3% |
| Suppliers | 440/4 | €2,909 | €1,504 | -€1,405 | -48.3% |
| Taxes, remuneration and social security | 45 | €1,010 | €4,244 | +€3,234 | +320% |
| Taxes | 450/3 | €1,010 | €4,244 | +€3,234 | +320% |
| Accrued charges and deferred income | 492/3 | €662 | €67 | -€595 | -89.9% |
| Non-recurring operating income | 76A | €10,777 | - | -€10,777 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,541 | €10,921 | -€15,620 | -58.9% |
| Other operating charges | 640/8 | €4,200 | €1,739 | -€2,461 | -58.6% |
| Gross operating margin | 9900 | €33,719 | €30,364 | -€3,355 | -10.0% |
| Operating profit (loss) | 9901 | €2,979 | €17,704 | +€14,725 | +494% |
| Financial income | 75/76B | €16 | - | -€16 | |
| Recurring financial income | 75 | €16 | - | -€16 | |
| Financial charges | 65/66B | €2,134 | €1,752 | -€382 | -17.9% |
| Recurring financial charges | 65 | €2,134 | €1,752 | -€382 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €860 | €15,951 | +€15,091 | +1,754% |
| Income taxes | 67/77 | €476 | €6,429 | +€5,953 | +1,249% |
| Profit (loss) for the period | 9904 | €384 | €9,522 | +€9,138 | +2,381% |
| Profit (loss) for the period to be appropriated | 9905 | €384 | €9,522 | +€9,138 | +2,381% |
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 18 October 2026 via checked.be.