Principia Nova: 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.
Principia Nova
Largest movements
- Current investments +€260,894
up €260,894 (+31.9%), from €818,161 to €1.1m
- Cash -€98,403
down €98,403 (-20.7%), from €476,115 to €377,712
mainly Current investments (-€260,894) and Receivables within one year (-€75,520)
- Receivables within one year +€75,520
up €75,520 (+55.2%), from €136,717 to €212,238
of which Trade receivables: +€49,450
- Deferred charges and accrued income +€65,280
up €65,280 (+988%), from €6,604 to €71,884
- Reserves +€251,920
up €251,920 (+11.5%), from €2.2m to €2.4m
of which Distributable reserves: +€134,040
- Trade debts +€67,915
up €67,915 (+82.6%), from €82,177 to €150,092
- Gross operating margin -€69,200
down €69,200 (-20.1%), from €344,805 to €275,605
- Taxes -€32,823
down €32,823 (-25.8%), from €127,464 to €94,641
- Financial income +€32,154
up €32,154 (+70.4%), from €45,700 to €77,854
- Financial charges +€3,745
up €3,745 (+259%), from €1,448 to €5,193
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 | €2,675,597 | €2,978,889 | +€303,291 | +11.3% |
| Current assets | 29/58 | €2,675,597 | €2,978,889 | +€303,291 | +11.3% |
| Amounts receivable after more than one year | 29 | €1,238,000 | €1,238,000 | = | 0.0% |
| Other amounts receivable | 291 | €1,238,000 | €1,238,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €136,717 | €212,238 | +€75,520 | +55.2% |
| Trade receivables | 40 | €129,997 | €179,447 | +€49,450 | +38.0% |
| Other amounts receivable | 41 | €6,721 | €32,791 | +€26,070 | +388% |
| Current investments | 50/53 | €818,161 | €1,079,055 | +€260,894 | +31.9% |
| Cash at bank and in hand | 54/58 | €476,115 | €377,712 | -€98,403 | -20.7% |
| Deferred charges and accrued income | 490/1 | €6,604 | €71,884 | +€65,280 | +988% |
| Total equity and liabilities | 10/49 | €2,675,597 | €2,978,889 | +€303,291 | +11.3% |
| Equity | 10/15 | €2,208,686 | €2,460,606 | +€251,920 | +11.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €2,195,618 | €2,447,538 | +€251,920 | +11.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €197,870 | €315,750 | +€117,880 | +59.6% |
| Distributable reserves | 133 | €1,997,748 | €2,131,788 | +€134,040 | +6.7% |
| Profit (loss) carried forward | 14 | €668 | €668 | = | 0.0% |
| Amounts payable | 17/49 | €466,911 | €518,282 | +€51,371 | +11.0% |
| Amounts payable within one year | 42/48 | €466,424 | €517,320 | +€50,896 | +10.9% |
| Trade debts | 44 | €82,177 | €150,092 | +€67,915 | +82.6% |
| Suppliers | 440/4 | €82,177 | €150,092 | +€67,915 | +82.6% |
| Taxes, remuneration and social security | 45 | €31,165 | €11,817 | -€19,348 | -62.1% |
| Taxes | 450/3 | €28,408 | €736 | -€27,672 | -97.4% |
| Remuneration and social security | 454/9 | €2,758 | €11,081 | +€8,323 | +302% |
| Other amounts payable | 47/48 | €353,082 | €355,411 | +€2,329 | +0.7% |
| Accrued charges and deferred income | 492/3 | €487 | €963 | +€475 | +97.6% |
| Non-recurring operating income | 76A | €145 | €0 | -€145 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,185 | €1,704 | +€520 | +43.8% |
| Gross operating margin | 9900 | €344,805 | €275,605 | -€69,200 | -20.1% |
| Operating profit (loss) | 9901 | €343,620 | €273,900 | -€69,720 | -20.3% |
| Financial income | 75/76B | €45,700 | €77,854 | +€32,154 | +70.4% |
| Recurring financial income | 75 | €45,700 | €77,854 | +€32,154 | +70.4% |
| Financial charges | 65/66B | €1,448 | €5,193 | +€3,745 | +259% |
| Recurring financial charges | 65 | €1,448 | €5,193 | +€3,745 | +259% |
| Profit (loss) for the period before taxes | 9903 | €387,872 | €346,561 | -€41,311 | -10.7% |
| Income taxes | 67/77 | €127,464 | €94,641 | -€32,823 | -25.8% |
| Profit (loss) for the period | 9904 | €260,408 | €251,920 | -€8,488 | -3.3% |
| Transfer from tax-exempt reserves | 789 | €195,800 | €0 | -€195,800 | -100% |
| Transfer to tax-exempt reserves | 689 | €126,300 | €117,880 | -€8,420 | -6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €329,908 | €134,040 | -€195,868 | -59.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.