PRINSIE ENGINEERING: what changed
Two fiscal 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.
PRINSIE ENGINEERING
Largest movements
- Tangible fixed assets -€23,454
down €23,454 (-10.3%), from €228,518 to €205,063
of which Leasing and similar rights: -€24,106
- Cash -€13,070
down €13,070 (-43.7%), from €29,940 to €16,870
mainly Contributions, distributions and other (-€35,667) and Other debts (-€21,738)
- Other debts -€21,738
down €21,738 (-19.8%), from €109,683 to €87,945
- Tax, wage and social debts -€18,638
down €18,638 (-56.9%), from €32,762 to €14,125
of which Taxes: -€15,432
- Current portion of long-term debt +€12,093
up €12,093 (+65.6%), from €18,444 to €30,538
- Debts after one year -€8,475
down €8,475 (-8.9%), from €94,778 to €86,303
- Gross operating margin -€15,209
down €15,209 (-8.6%), from €175,893 to €160,684
- Financial charges -€6,907
down €6,907 (-46.8%), from €14,755 to €7,848
- Staff costs +€6,419
up €6,419 (+11.7%), from €54,692 to €61,112
- Taxes -€4,695
down €4,695 (-28.0%), from €16,775 to €12,079
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 | €348,342 | €308,335 | -€40,007 | -11.5% |
| Fixed assets | 21/28 | €228,521 | €205,063 | -€23,458 | -10.3% |
| Intangible fixed assets | 21 | €3 | - | -€3 | |
| Tangible fixed assets | 22/27 | €228,518 | €205,063 | -€23,454 | -10.3% |
| Plant, machinery and equipment | 23 | €27,259 | €17,327 | -€9,932 | -36.4% |
| Furniture and vehicles | 24 | €8,765 | €19,348 | +€10,584 | +120.8% |
| Leasing and similar rights | 25 | €192,494 | €168,388 | -€24,106 | -12.5% |
| Current assets | 29/58 | €119,821 | €103,272 | -€16,549 | -13.8% |
| Stocks and contracts in progress | 3 | €25,000 | €25,000 | = | 0.0% |
| Stocks | 30/36 | €25,000 | €25,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €61,243 | €59,610 | -€1,633 | -2.7% |
| Trade receivables | 40 | €57,725 | €55,442 | -€2,283 | -4.0% |
| Other amounts receivable | 41 | €3,518 | €4,168 | +€650 | +18.5% |
| Cash at bank and in hand | 54/58 | €29,940 | €16,870 | -€13,070 | -43.7% |
| Deferred charges and accrued income | 490/1 | €3,638 | €1,792 | -€1,847 | -50.8% |
| Total equity and liabilities | 10/49 | €348,342 | €308,335 | -€40,007 | -11.5% |
| Equity | 10/15 | €72,627 | €70,480 | -€2,147 | -3.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €54,027 | €51,880 | -€2,147 | -4.0% |
| Tax-exempt reserves | 132 | €16,500 | €16,500 | = | 0.0% |
| Distributable reserves | 133 | €37,527 | €35,380 | -€2,147 | -5.7% |
| Amounts payable | 17/49 | €275,716 | €237,855 | -€37,860 | -13.7% |
| Amounts payable after more than one year | 17 | €94,778 | €86,303 | -€8,475 | -8.9% |
| Financial debts | 170/4 | €94,778 | €86,303 | -€8,475 | -8.9% |
| Amounts payable within one year | 42/48 | €175,930 | €146,072 | -€29,859 | -17.0% |
| Current portion of amounts payable after more than one year | 42 | €18,444 | €30,538 | +€12,093 | +65.6% |
| Trade debts | 44 | €15,040 | €13,465 | -€1,576 | -10.5% |
| Suppliers | 440/4 | €15,040 | €13,465 | -€1,576 | -10.5% |
| Taxes, remuneration and social security | 45 | €32,762 | €14,125 | -€18,638 | -56.9% |
| Taxes | 450/3 | €21,641 | €6,208 | -€15,432 | -71.3% |
| Remuneration and social security | 454/9 | €11,122 | €7,916 | -€3,205 | -28.8% |
| Other amounts payable | 47/48 | €109,683 | €87,945 | -€21,738 | -19.8% |
| Accrued charges and deferred income | 492/3 | €5,007 | €5,480 | +€473 | +9.4% |
| Remuneration, social security and pensions | 62 | €54,692 | €61,112 | +€6,419 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,550 | €43,363 | +€813 | +1.9% |
| Other operating charges | 640/8 | €3,208 | €2,780 | -€428 | -13.3% |
| Gross operating margin | 9900 | €175,893 | €160,684 | -€15,209 | -8.6% |
| Operating profit (loss) | 9901 | €75,442 | €53,429 | -€22,013 | -29.2% |
| Financial income | 75/76B | €3 | €18 | +€15 | +484.7% |
| Recurring financial income | 75 | €3 | €18 | +€15 | +484.7% |
| Financial charges | 65/66B | €14,755 | €7,848 | -€6,907 | -46.8% |
| Recurring financial charges | 65 | €14,755 | €7,848 | -€6,907 | -46.8% |
| Profit (loss) for the period before taxes | 9903 | €60,690 | €45,599 | -€15,091 | -24.9% |
| Income taxes | 67/77 | €16,775 | €12,079 | -€4,695 | -28.0% |
| Profit (loss) for the period | 9904 | €43,916 | €33,520 | -€10,396 | -23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €43,916 | €33,520 | -€10,396 | -23.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.