PRINCIPESSA: what changed
What changed
PRINCIPESSA
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€105,377
2025 · €108,997-€3,621
Equity
€593,513
2025 · €707,249-€113,737
Cash
€133,105
2025 · €109,364+€23,741
Balance sheet total
€808,150
2025 · €956,586-€148,436
Largest movements
Assets
- Receivables after one year -€160,930
down €160,930 (-35.2%), from €457,380 to €296,450
- Cash +€23,741
up €23,741 (+21.7%), from €109,364 to €133,105
mainly Receivables after one year (+€160,930) and Net result for the year (+€105,377)
- Tangible fixed assets -€12,875
down €12,875 (-5.9%), from €217,575 to €204,700
of which Land and buildings: -€19,944
Equity and liabilities
- Reserves -€113,737
down €113,737 (-16.2%), from €701,049 to €587,313
of which Distributable reserves: -€113,737
- Debts after one year -€24,149
down €24,149 (-14.9%), from €161,597 to €137,448
- Short-term financial debts -€21,540
down €21,540 (-47.9%), from €45,000 to €23,460
Income statement
- Financial income -€4,156
down €4,156 (-13.2%), from €31,521 to €27,365
- Taxes -€2,420
down €2,420 (-5.0%), from €48,177 to €45,757
- Other operating charges +€1,572
up €1,572 (+83.6%), from €1,880 to €3,451
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€108,997
Gross operating margin
-€1,005
Depreciation
+€796
Other operating charges
-€1,572
Financial income
-€4,156
Financial charges
-€104
Taxes
+€2,420
Result 2026
€105,377
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€295,515
Investment
-€7,538
Financing
-€264,237
Cash 2025
€109,364
From operations (derived)
+€295,515
Net result for the year
+€105,377
Depreciation
+€20,413
Receivables after one year
+€160,930
Receivables within one year
-€5,007
Deferred charges and accrued income
+€3,378
Smaller working-capital items
+€19
Tax, wage and social debts
+€3,931
Advances received
+€6,476
Investment (derived)
-€7,538
Investment in fixed assets (net)
-€7,538
Financing
-€264,237
Debts after one year
-€24,149
Current portion of long-term debt
+€566
Short-term financial debts
-€21,540
Contributions, distributions and other
-€219,113
Cash 2026
€133,105
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €956,586 | €808,150 | -€148,436 | -15.5% |
| Fixed assets | 21/28 | €217,575 | €204,700 | -€12,875 | -5.9% |
| Tangible fixed assets | 22/27 | €217,575 | €204,700 | -€12,875 | -5.9% |
| Land and buildings | 22 | €215,215 | €195,271 | -€19,944 | -9.3% |
| Plant, machinery and equipment | 23 | €1,159 | €8,651 | +€7,493 | +647% |
| Furniture and vehicles | 24 | €1,202 | €778 | -€424 | -35.3% |
| Current assets | 29/58 | €739,011 | €603,450 | -€135,560 | -18.3% |
| Amounts receivable after more than one year | 29 | €457,380 | €296,450 | -€160,930 | -35.2% |
| Other amounts receivable | 291 | €457,380 | €296,450 | -€160,930 | -35.2% |
| Amounts receivable within one year | 40/41 | €152,848 | €157,855 | +€5,007 | +3.3% |
| Trade receivables | 40 | €136,937 | €139,523 | +€2,586 | +1.9% |
| Other amounts receivable | 41 | €15,911 | €18,333 | +€2,422 | +15.2% |
| Cash at bank and in hand | 54/58 | €109,364 | €133,105 | +€23,741 | +21.7% |
| Deferred charges and accrued income | 490/1 | €19,418 | €16,040 | -€3,378 | -17.4% |
| Total equity and liabilities | 10/49 | €956,586 | €808,150 | -€148,436 | -15.5% |
| Equity | 10/15 | €707,249 | €593,513 | -€113,737 | -16.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €701,049 | €587,313 | -€113,737 | -16.2% |
| Tax-exempt reserves | 132 | €2,977 | €2,977 | = | 0.0% |
| Distributable reserves | 133 | €698,073 | €584,336 | -€113,737 | -16.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €249,337 | €214,638 | -€34,699 | -13.9% |
| Amounts payable after more than one year | 17 | €161,597 | €137,448 | -€24,149 | -14.9% |
| Financial debts | 170/4 | €161,597 | €137,448 | -€24,149 | -14.9% |
| Amounts payable within one year | 42/48 | €86,300 | €75,592 | -€10,708 | -12.4% |
| Current portion of amounts payable after more than one year | 42 | €23,584 | €24,149 | +€566 | +2.4% |
| Financial debts | 43 | €45,000 | €23,460 | -€21,540 | -47.9% |
| Credit institutions | 430/8 | €45,000 | €23,460 | -€21,540 | -47.9% |
| Trade debts | 44 | €4,026 | €3,886 | -€140 | -3.5% |
| Suppliers | 440/4 | €4,026 | €3,886 | -€140 | -3.5% |
| Advances received on contracts in progress | 46 | - | €6,476 | +€6,476 | |
| Taxes, remuneration and social security | 45 | €13,690 | €17,621 | +€3,931 | +28.7% |
| Taxes | 450/3 | €13,690 | €17,621 | +€3,931 | +28.7% |
| Accrued charges and deferred income | 492/3 | €1,440 | €1,598 | +€158 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,209 | €20,413 | -€796 | -3.8% |
| Other operating charges | 640/8 | €1,880 | €3,451 | +€1,572 | +83.6% |
| Gross operating margin | 9900 | €153,027 | €152,022 | -€1,005 | -0.7% |
| Operating profit (loss) | 9901 | €129,939 | €128,158 | -€1,781 | -1.4% |
| Financial income | 75/76B | €31,521 | €27,365 | -€4,156 | -13.2% |
| Recurring financial income | 75 | €31,521 | €27,365 | -€4,156 | -13.2% |
| Financial charges | 65/66B | €4,285 | €4,389 | +€104 | +2.4% |
| Recurring financial charges | 65 | €4,285 | €4,389 | +€104 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | €157,174 | €151,134 | -€6,041 | -3.8% |
| Income taxes | 67/77 | €48,177 | €45,757 | -€2,420 | -5.0% |
| Profit (loss) for the period | 9904 | €108,997 | €105,377 | -€3,621 | -3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €108,997 | €105,377 | -€3,621 | -3.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.