Principio: 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.
Principio
Largest movements
- Cash -€11,553
down €11,553 (-24.6%), from €46,887 to €35,335
mainly Tax, wage and social debts (-€10,830) and Receivables within one year (-€8,342)
- Receivables within one year +€8,342
up €8,342 (+13.6%), from €61,205 to €69,547
of which Other amounts receivable: +€9,061
- Tangible fixed assets -€2,364
down €2,364 (-26.5%), from €8,916 to €6,553
- Tax, wage and social debts -€10,830
no longer reported in 2025 (was €10,830)
of which Taxes: -€9,544
- Accrued charges and deferred income +€2,193
up €2,193 (+166%), from €1,319 to €3,513
- Trade debts +€1,480
up €1,480 (+24.2%), from €6,116 to €7,596
- Gross operating margin -€38,514
down €38,514 (-93.2%), from €41,323 to €2,809
- Taxes -€10,745
down €10,745 (-80.7%), from €13,312 to €2,567
- Depreciation -€2,226
down €2,226 (-59.6%), from €3,734 to €1,508
- Financial income +€678
up €678 (+28.2%), from €2,404 to €3,081
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 | €119,327 | €112,935 | -€6,391 | -5.4% |
| Fixed assets | 21/28 | €9,616 | €7,253 | -€2,364 | -24.6% |
| Tangible fixed assets | 22/27 | €8,916 | €6,553 | -€2,364 | -26.5% |
| Furniture and vehicles | 24 | €8,916 | €6,553 | -€2,364 | -26.5% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €109,710 | €105,683 | -€4,027 | -3.7% |
| Amounts receivable within one year | 40/41 | €61,205 | €69,547 | +€8,342 | +13.6% |
| Trade receivables | 40 | €14,823 | €14,104 | -€719 | -4.9% |
| Other amounts receivable | 41 | €46,381 | €55,443 | +€9,061 | +19.5% |
| Cash at bank and in hand | 54/58 | €46,887 | €35,335 | -€11,553 | -24.6% |
| Deferred charges and accrued income | 490/1 | €1,618 | €801 | -€817 | -50.5% |
| Total equity and liabilities | 10/49 | €119,327 | €112,935 | -€6,391 | -5.4% |
| Equity | 10/15 | €101,061 | €101,827 | +€766 | +0.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €71,537 | €71,537 | = | 0.0% |
| Distributable reserves | 133 | €71,537 | €71,537 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,524 | €27,290 | +€766 | +2.9% |
| Amounts payable | 17/49 | €18,266 | €11,108 | -€7,157 | -39.2% |
| Amounts payable within one year | 42/48 | €16,946 | €7,596 | -€9,350 | -55.2% |
| Trade debts | 44 | €6,116 | €7,596 | +€1,480 | +24.2% |
| Suppliers | 440/4 | €6,116 | €7,596 | +€1,480 | +24.2% |
| Taxes, remuneration and social security | 45 | €10,830 | - | -€10,830 | |
| Taxes | 450/3 | €9,544 | - | -€9,544 | |
| Remuneration and social security | 454/9 | €1,286 | - | -€1,286 | |
| Accrued charges and deferred income | 492/3 | €1,319 | €3,513 | +€2,193 | +166% |
| Non-recurring operating income | 76A | - | €1,255 | +€1,255 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,734 | €1,508 | -€2,226 | -59.6% |
| Other operating charges | 640/8 | €1,011 | €838 | -€173 | -17.1% |
| Gross operating margin | 9900 | €41,323 | €2,809 | -€38,514 | -93.2% |
| Operating profit (loss) | 9901 | €36,577 | €463 | -€36,115 | -98.7% |
| Financial income | 75/76B | €2,404 | €3,081 | +€678 | +28.2% |
| Recurring financial income | 75 | €2,404 | €3,081 | +€678 | +28.2% |
| Financial charges | 65/66B | €215 | €212 | -€3 | -1.4% |
| Recurring financial charges | 65 | €215 | €212 | -€3 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €38,766 | €3,333 | -€35,434 | -91.4% |
| Income taxes | 67/77 | €13,312 | €2,567 | -€10,745 | -80.7% |
| Profit (loss) for the period | 9904 | €25,455 | €766 | -€24,689 | -97.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,455 | €766 | -€24,689 | -97.0% |
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 15 October 2026 via checked.be.