PRINCIPLES ADVISORY: 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.
PRINCIPLES ADVISORY
Largest movements
- Cash +€59,571
up €59,571 (+344%), from €17,310 to €76,881
mainly Net result for the year (+€32,368) and Tax, wage and social debts (+€13,192)
- Receivables within one year -€8,333
down €8,333 (-91.8%), from €9,078 to €745
of which Trade receivables: -€8,333
- Reserves +€32,368
up €32,368 (+265%), from €12,216 to €44,585
- Tax, wage and social debts +€13,192
up €13,192 (+159%), from €8,292 to €21,483
of which Taxes: +€13,192
- Other debts +€3,158
up €3,158 (+934%), from €338 to €3,496
- Trade debts +€2,268
up €2,268 (+972%), from €233 to €2,501
- Gross operating margin +€29,689
up €29,689 (+175%), from €16,973 to €46,662
- Taxes +€8,700
up €8,700 (+185%), from €4,692 to €13,392
- Other operating charges +€582
new in 2025: €582
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 | €27,080 | €78,066 | +€50,986 | +188% |
| Fixed assets | 21/28 | €692 | €440 | -€252 | -36.5% |
| Tangible fixed assets | 22/27 | €692 | €440 | -€252 | -36.5% |
| Furniture and vehicles | 24 | €692 | €440 | -€252 | -36.5% |
| Current assets | 29/58 | €26,388 | €77,626 | +€51,238 | +194% |
| Amounts receivable within one year | 40/41 | €9,078 | €745 | -€8,333 | -91.8% |
| Trade receivables | 40 | €8,333 | - | -€8,333 | |
| Other amounts receivable | 41 | €745 | €745 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €17,310 | €76,881 | +€59,571 | +344% |
| Total equity and liabilities | 10/49 | €27,080 | €78,066 | +€50,986 | +188% |
| Equity | 10/15 | €18,216 | €50,585 | +€32,368 | +178% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €12,216 | €44,585 | +€32,368 | +265% |
| Distributable reserves | 133 | €12,216 | €44,585 | +€32,368 | +265% |
| Amounts payable | 17/49 | €8,863 | €27,481 | +€18,618 | +210% |
| Amounts payable within one year | 42/48 | €8,863 | €27,481 | +€18,618 | +210% |
| Trade debts | 44 | €233 | €2,501 | +€2,268 | +972% |
| Suppliers | 440/4 | €233 | €2,501 | +€2,268 | +972% |
| Taxes, remuneration and social security | 45 | €8,292 | €21,483 | +€13,192 | +159% |
| Taxes | 450/3 | €5,092 | €18,283 | +€13,192 | +259% |
| Remuneration and social security | 454/9 | €3,200 | €3,200 | = | 0.0% |
| Other amounts payable | 47/48 | €338 | €3,496 | +€3,158 | +934% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65 | €252 | +€187 | +289% |
| Other operating charges | 640/8 | - | €582 | +€582 | |
| Gross operating margin | 9900 | €16,973 | €46,662 | +€29,689 | +175% |
| Operating profit (loss) | 9901 | €16,908 | €45,828 | +€28,920 | +171% |
| Financial charges | 65/66B | - | €68 | +€68 | |
| Recurring financial charges | 65 | - | €68 | +€68 | |
| Profit (loss) for the period before taxes | 9903 | €16,908 | €45,760 | +€28,852 | +171% |
| Income taxes | 67/77 | €4,692 | €13,392 | +€8,700 | +185% |
| Profit (loss) for the period | 9904 | €12,216 | €32,368 | +€20,152 | +165% |
| Profit (loss) for the period to be appropriated | 9905 | €12,216 | €32,368 | +€20,152 | +165% |
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 16 October 2026 via checked.be.