PRINGLE BAY: 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.
PRINGLE BAY
Largest movements
- Cash -€91,219
down €91,219 (-82.8%), from €110,207 to €18,988
mainly Investment in fixed assets (net) (-€77,179) and Net result for the year (-€73,439)
- Current investments -€73,712
down €73,712 (-22.6%), from €326,450 to €252,738
- Tangible fixed assets +€34,210
up €34,210 (+7.4%), from €462,180 to €496,390
of which Land and buildings: +€44,176
- Receivables after one year -€27,110
down €27,110 (-24.9%), from €109,082 to €81,972
- Receivables within one year -€20,722
down €20,722 (-32.2%), from €64,314 to €43,592
of which Trade receivables: -€10,802
- Reserves -€73,439
down €73,439 (-8.1%), from €909,359 to €835,920
of which Distributable reserves: -€73,439
- Other debts -€53,567
down €53,567 (-86.7%), from €61,749 to €8,182
- Debts after one year -€22,222
down €22,222 (-100%), from €22,222 to €0
- Current portion of long-term debt -€16,660
down €16,660 (-42.8%), from €38,882 to €22,222
- Trade debts -€13,383
down €13,383 (-92.1%), from €14,530 to €1,147
- Gross operating margin -€67,938
down €67,938, from €67,377 to -€561
- Depreciation -€48,210
down €48,210 (-52.9%), from €91,180 to €42,970
- Financial income -€31,280
down €31,280 (-77.3%), from €40,463 to €9,183
- Other operating charges +€16,444
up €16,444 (+127%), from €12,939 to €29,383
- Taxes +€4,988
up €4,988 (+2,822%), from €177 to €5,165
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 | €1,074,435 | €896,488 | -€177,947 | -16.6% |
| Fixed assets | 21/28 | €462,180 | €496,390 | +€34,210 | +7.4% |
| Tangible fixed assets | 22/27 | €462,180 | €496,390 | +€34,210 | +7.4% |
| Land and buildings | 22 | €451,201 | €495,377 | +€44,176 | +9.8% |
| Furniture and vehicles | 24 | €10,979 | €1,013 | -€9,966 | -90.8% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €612,255 | €400,098 | -€212,157 | -34.7% |
| Amounts receivable after more than one year | 29 | €109,082 | €81,972 | -€27,110 | -24.9% |
| Other amounts receivable | 291 | €109,082 | €81,972 | -€27,110 | -24.9% |
| Amounts receivable within one year | 40/41 | €64,314 | €43,592 | -€20,722 | -32.2% |
| Trade receivables | 40 | €11,499 | €697 | -€10,802 | -93.9% |
| Other amounts receivable | 41 | €52,815 | €42,895 | -€9,920 | -18.8% |
| Current investments | 50/53 | €326,450 | €252,738 | -€73,712 | -22.6% |
| Cash at bank and in hand | 54/58 | €110,207 | €18,988 | -€91,219 | -82.8% |
| Deferred charges and accrued income | 490/1 | €2,203 | €2,808 | +€605 | +27.5% |
| Total equity and liabilities | 10/49 | €1,074,435 | €896,488 | -€177,947 | -16.6% |
| Equity | 10/15 | €935,426 | €861,987 | -€73,439 | -7.9% |
| Contributions | 10/11 | €26,067 | €26,067 | = | 0.0% |
| Reserves | 13 | €909,359 | €835,920 | -€73,439 | -8.1% |
| Tax-exempt reserves | 132 | €12,068 | €12,068 | = | 0.0% |
| Distributable reserves | 133 | €897,291 | €823,852 | -€73,439 | -8.2% |
| Amounts payable | 17/49 | €139,009 | €34,501 | -€104,508 | -75.2% |
| Amounts payable after more than one year | 17 | €22,222 | €0 | -€22,222 | -100% |
| Financial debts | 170/4 | €22,222 | €0 | -€22,222 | -100% |
| Amounts payable within one year | 42/48 | €115,161 | €31,565 | -€83,597 | -72.6% |
| Current portion of amounts payable after more than one year | 42 | €38,882 | €22,222 | -€16,660 | -42.8% |
| Trade debts | 44 | €14,530 | €1,147 | -€13,383 | -92.1% |
| Suppliers | 440/4 | €14,530 | €1,147 | -€13,383 | -92.1% |
| Taxes, remuneration and social security | 45 | €0 | €14 | +€14 | |
| Taxes | 450/3 | €0 | €14 | +€14 | |
| Other amounts payable | 47/48 | €61,749 | €8,182 | -€53,567 | -86.7% |
| Accrued charges and deferred income | 492/3 | €1,626 | €2,937 | +€1,311 | +80.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,180 | €42,970 | -€48,210 | -52.9% |
| Other operating charges | 640/8 | €12,939 | €29,383 | +€16,444 | +127% |
| Gross operating margin | 9900 | €67,377 | -€561 | -€67,938 | |
| Operating profit (loss) | 9901 | -€36,743 | -€72,914 | -€36,171 | -98.4% |
| Financial income | 75/76B | €40,463 | €9,183 | -€31,280 | -77.3% |
| Recurring financial income | 75 | €40,463 | €9,183 | -€31,280 | -77.3% |
| Financial charges | 65/66B | €8,118 | €4,543 | -€3,575 | -44.0% |
| Recurring financial charges | 65 | €8,118 | €4,543 | -€3,575 | -44.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,398 | -€68,274 | -€63,876 | -1,452% |
| Income taxes | 67/77 | €177 | €5,165 | +€4,988 | +2,822% |
| Profit (loss) for the period | 9904 | -€4,575 | -€73,439 | -€68,864 | -1,505% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,575 | -€73,439 | -€68,864 | -1,505% |
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 22 October 2026 via checked.be.