PRINSEN: 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.
PRINSEN
Largest movements
- Current investments +€105,512
up €105,512 (+39.6%), from €266,721 to €372,232
- Intangible fixed assets -€51,455
down €51,455 (-21.0%), from €245,168 to €193,713
- Receivables within one year -€42,963
down €42,963 (-71.5%), from €60,111 to €17,148
of which Other amounts receivable: -€24,651
- Tangible fixed assets -€26,368
down €26,368 (-13.4%), from €197,245 to €170,877
of which Other tangible fixed assets: -€20,941
- Deferred charges and accrued income +€13,209
up €13,209 (+17.5%), from €75,495 to €88,704
- Other debts +€120,561
up €120,561 (+140%), from €86,138 to €206,699
- Reserves -€89,465
down €89,465 (-17.4%), from €513,824 to €424,359
- Debts after one year -€53,104
down €53,104 (-23.2%), from €228,612 to €175,508
- Trade debts +€9,484
up €9,484 (+67.3%), from €14,095 to €23,579
- Financial income +€29,699
up €29,699 (+778%), from €3,819 to €33,518
- Gross operating margin -€13,615
down €13,615 (-3.0%), from €448,953 to €435,339
- Staff costs +€9,628
up €9,628 (+4.5%), from €214,127 to €223,754
- Depreciation +€5,898
up €5,898 (+7.4%), from €79,981 to €85,879
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 | €936,548 | €930,551 | -€5,997 | -0.6% |
| Fixed assets | 21/28 | €442,656 | €364,833 | -€77,823 | -17.6% |
| Intangible fixed assets | 21 | €245,168 | €193,713 | -€51,455 | -21.0% |
| Tangible fixed assets | 22/27 | €197,245 | €170,877 | -€26,368 | -13.4% |
| Plant, machinery and equipment | 23 | €9,254 | €8,067 | -€1,187 | -12.8% |
| Furniture and vehicles | 24 | €34,905 | €30,665 | -€4,240 | -12.1% |
| Other tangible fixed assets | 26 | €153,086 | €132,146 | -€20,941 | -13.7% |
| Financial fixed assets | 28 | €243 | €243 | = | 0.0% |
| Current assets | 29/58 | €493,892 | €565,718 | +€71,826 | +14.5% |
| Amounts receivable within one year | 40/41 | €60,111 | €17,148 | -€42,963 | -71.5% |
| Trade receivables | 40 | €31,583 | €13,272 | -€18,311 | -58.0% |
| Other amounts receivable | 41 | €28,528 | €3,876 | -€24,651 | -86.4% |
| Current investments | 50/53 | €266,721 | €372,232 | +€105,512 | +39.6% |
| Cash at bank and in hand | 54/58 | €91,565 | €87,634 | -€3,932 | -4.3% |
| Deferred charges and accrued income | 490/1 | €75,495 | €88,704 | +€13,209 | +17.5% |
| Total equity and liabilities | 10/49 | €936,548 | €930,551 | -€5,997 | -0.6% |
| Equity | 10/15 | €533,824 | €444,359 | -€89,465 | -16.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €513,824 | €424,359 | -€89,465 | -17.4% |
| Distributable reserves | 133 | €513,824 | €424,359 | -€89,465 | -17.4% |
| Amounts payable | 17/49 | €402,724 | €486,192 | +€83,469 | +20.7% |
| Amounts payable after more than one year | 17 | €228,612 | €175,508 | -€53,104 | -23.2% |
| Financial debts | 170/4 | €228,612 | €175,508 | -€53,104 | -23.2% |
| Amounts payable within one year | 42/48 | €170,410 | €306,845 | +€136,435 | +80.1% |
| Current portion of amounts payable after more than one year | 42 | €52,611 | €53,104 | +€493 | +0.9% |
| Trade debts | 44 | €14,095 | €23,579 | +€9,484 | +67.3% |
| Suppliers | 440/4 | €14,095 | €23,579 | +€9,484 | +67.3% |
| Taxes, remuneration and social security | 45 | €17,565 | €23,462 | +€5,896 | +33.6% |
| Taxes | 450/3 | - | €3,685 | +€3,685 | |
| Remuneration and social security | 454/9 | €17,565 | €19,777 | +€2,211 | +12.6% |
| Other amounts payable | 47/48 | €86,138 | €206,699 | +€120,561 | +140% |
| Accrued charges and deferred income | 492/3 | €3,702 | €3,840 | +€138 | +3.7% |
| Remuneration, social security and pensions | 62 | €214,127 | €223,754 | +€9,628 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,981 | €85,879 | +€5,898 | +7.4% |
| Other operating charges | 640/8 | €1,845 | €1,717 | -€128 | -6.9% |
| Gross operating margin | 9900 | €448,953 | €435,339 | -€13,615 | -3.0% |
| Operating profit (loss) | 9901 | €153,000 | €123,988 | -€29,012 | -19.0% |
| Financial income | 75/76B | €3,819 | €33,518 | +€29,699 | +778% |
| Recurring financial income | 75 | €3,819 | €33,518 | +€29,699 | +778% |
| Financial charges | 65/66B | €2,655 | €2,766 | +€110 | +4.2% |
| Recurring financial charges | 65 | €2,655 | €2,766 | +€110 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | €154,164 | €154,740 | +€576 | +0.4% |
| Income taxes | 67/77 | €43,923 | €44,205 | +€283 | +0.6% |
| Profit (loss) for the period | 9904 | €110,241 | €110,535 | +€293 | +0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €110,241 | €110,535 | +€293 | +0.3% |
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 27 October 2026 via checked.be.