PRINSENBOS: 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.
PRINSENBOS
Largest movements
- Tangible fixed assets -€91,900
down €91,900 (-3.9%), from €2.4m to €2.3m
of which Land and buildings: -€90,230
- Other debts +€488,514
up €488,514 (+159.9%), from €305,490 to €794,004
- Profit (loss) carried forward -€252,908
down €252,908 (-20.5%), from -€1.2m to -€1.5m
- Short-term financial debts -€220,120
down €220,120 (-98.2%), from €224,084 to €3,964
- Debts after one year -€95,037
down €95,037 (-3.3%), from €2.9m to €2.8m
of which Financial debts: -€95,037
- Gross operating margin +€81,028
up €81,028 (+97.7%), from -€82,974 to -€1,946
- Other operating charges +€29,024
up €29,024 (+528.4%), from €5,493 to €34,517
- Staff costs +€10,265
up €10,265 (+16.4%), from €62,438 to €72,703
- Financial charges -€6,756
down €6,756 (-11.5%), from €58,597 to €51,841
- Depreciation -€1,066
down €1,066 (-1.1%), from €92,966 to €91,900
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.
Cash bridge derived
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 | €2,553,329 | €2,460,005 | -€93,324 | -3.7% |
| Fixed assets | 21/28 | €2,380,937 | €2,289,037 | -€91,900 | -3.9% |
| Tangible fixed assets | 22/27 | €2,374,190 | €2,282,290 | -€91,900 | -3.9% |
| Land and buildings | 22 | €2,367,110 | €2,276,880 | -€90,230 | -3.8% |
| Plant, machinery and equipment | 23 | €2,513 | €1,053 | -€1,460 | -58.1% |
| Furniture and vehicles | 24 | €4,567 | €4,357 | -€210 | -4.6% |
| Financial fixed assets | 28 | €6,747 | €6,747 | = | 0.0% |
| Current assets | 29/58 | €172,392 | €170,968 | -€1,425 | -0.8% |
| Amounts receivable within one year | 40/41 | €171,723 | €166,223 | -€5,500 | -3.2% |
| Other amounts receivable | 41 | €171,723 | €166,223 | -€5,500 | -3.2% |
| Cash at bank and in hand | 54/58 | €96 | €1,491 | +€1,395 | +1456.1% |
| Deferred charges and accrued income | 490/1 | €573 | €3,254 | +€2,681 | +467.6% |
| Total equity and liabilities | 10/49 | €2,553,329 | €2,460,005 | -€93,324 | -3.7% |
| Equity | 10/15 | -€1,020,944 | -€1,273,852 | -€252,908 | -24.8% |
| Contributions | 10/11 | €212,000 | €212,000 | = | 0.0% |
| Capital | 10 | €212,000 | €212,000 | = | 0.0% |
| Issued capital | 100 | €212,000 | €212,000 | = | 0.0% |
| Reserves | 13 | €1,773 | €1,773 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,773 | €1,773 | = | 0.0% |
| Legal reserve | 130 | €1,773 | €1,773 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,234,717 | -€1,487,625 | -€252,908 | -20.5% |
| Amounts payable | 17/49 | €3,574,273 | €3,733,857 | +€159,583 | +4.5% |
| Amounts payable after more than one year | 17 | €2,909,844 | €2,814,806 | -€95,037 | -3.3% |
| Financial debts | 170/4 | €1,317,036 | €1,221,999 | -€95,037 | -7.2% |
| Other amounts payable | 178/9 | €1,592,807 | €1,592,807 | = | 0.0% |
| Amounts payable within one year | 42/48 | €664,430 | €919,050 | +€254,621 | +38.3% |
| Current portion of amounts payable after more than one year | 42 | €92,647 | €95,037 | +€2,390 | +2.6% |
| Financial debts | 43 | €224,084 | €3,964 | -€220,120 | -98.2% |
| Credit institutions | 430/8 | €224,084 | €3,964 | -€220,120 | -98.2% |
| Trade debts | 44 | €33,136 | €12,685 | -€20,451 | -61.7% |
| Suppliers | 440/4 | €33,136 | €12,685 | -€20,451 | -61.7% |
| Taxes, remuneration and social security | 45 | €9,073 | €13,360 | +€4,287 | +47.2% |
| Taxes | 450/3 | - | €2,999 | +€2,999 | |
| Remuneration and social security | 454/9 | €9,073 | €10,361 | +€1,288 | +14.2% |
| Other amounts payable | 47/48 | €305,490 | €794,004 | +€488,514 | +159.9% |
| Remuneration, social security and pensions | 62 | €62,438 | €72,703 | +€10,265 | +16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,966 | €91,900 | -€1,066 | -1.1% |
| Other operating charges | 640/8 | €5,493 | €34,517 | +€29,024 | +528.4% |
| Gross operating margin | 9900 | -€82,974 | -€1,946 | +€81,028 | +97.7% |
| Operating profit (loss) | 9901 | -€243,871 | -€201,067 | +€42,805 | +17.6% |
| Financial income | 75/76B | €120 | - | -€120 | |
| Recurring financial income | 75 | €120 | - | -€120 | |
| Financial charges | 65/66B | €58,597 | €51,841 | -€6,756 | -11.5% |
| Recurring financial charges | 65 | €58,597 | €51,841 | -€6,756 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | -€302,348 | -€252,908 | +€49,440 | +16.4% |
| Profit (loss) for the period | 9904 | -€302,348 | -€252,908 | +€49,440 | +16.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€302,348 | -€252,908 | +€49,440 | +16.4% |
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 10 October 2026 via checked.be.