The Fresh Princess: 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.
The Fresh Princess
Largest movements
- Tangible fixed assets +€67,032
up €67,032 (+303%), from €22,144 to €89,176
- Receivables within one year +€7,941
up €7,941 (+74.1%), from €10,710 to €18,651
of which Other amounts receivable: +€12,562
- Cash -€7,258
down €7,258 (-77.1%), from €9,415 to €2,158
mainly Investment in fixed assets (net) (-€82,982) and Net result for the year (-€32,476)
- Deferred charges and accrued income +€3,958
new in 2025: €3,958
- Debts after one year +€115,241
up €115,241 (+177%), from €65,225 to €180,465
- Profit (loss) carried forward -€32,476
down €32,476 (-70.0%), from -€46,375 to -€78,851
- Trade debts -€9,602
down €9,602 (-62.7%), from €15,308 to €5,706
- Other debts -€5,690
down €5,690 (-86.2%), from €6,601 to €910
- Tax, wage and social debts +€3,398
up €3,398 (+419%), from €812 to €4,210
of which Remuneration and social security: +€2,291
- Staff costs +€12,842
new in 2025: €12,842
- Depreciation +€7,898
up €7,898 (+89.5%), from €8,825 to €16,722
- Gross operating margin +€2,782
up €2,782 (+62.0%), from -€4,484 to -€1,702
- Financial charges +€680
up €680 (+3,107%), from €22 to €702
- Other operating charges -€141
down €141 (-19.8%), from €710 to €570
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 | €45,455 | €116,356 | +€70,901 | +156% |
| Formation expenses | 20 | €1,523 | €951 | -€572 | -37.6% |
| Fixed assets | 21/28 | €22,657 | €89,489 | +€66,832 | +295% |
| Intangible fixed assets | 21 | €513 | €313 | -€200 | -39.0% |
| Tangible fixed assets | 22/27 | €22,144 | €89,176 | +€67,032 | +303% |
| Plant, machinery and equipment | 23 | €20,702 | €45,306 | +€24,605 | +119% |
| Furniture and vehicles | 24 | - | €18,220 | +€18,220 | |
| Other tangible fixed assets | 26 | €1,442 | €25,650 | +€24,207 | +1,678% |
| Current assets | 29/58 | €21,275 | €25,916 | +€4,641 | +21.8% |
| Stocks and contracts in progress | 3 | €1,150 | €1,150 | = | 0.0% |
| Stocks | 30/36 | €1,150 | €1,150 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,710 | €18,651 | +€7,941 | +74.1% |
| Trade receivables | 40 | €6,504 | €1,883 | -€4,621 | -71.0% |
| Other amounts receivable | 41 | €4,206 | €16,767 | +€12,562 | +299% |
| Cash at bank and in hand | 54/58 | €9,415 | €2,158 | -€7,258 | -77.1% |
| Deferred charges and accrued income | 490/1 | - | €3,958 | +€3,958 | |
| Total equity and liabilities | 10/49 | €45,455 | €116,356 | +€70,901 | +156% |
| Equity | 10/15 | -€43,875 | -€76,351 | -€32,476 | -74.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,375 | -€78,851 | -€32,476 | -70.0% |
| Amounts payable | 17/49 | €89,330 | €192,707 | +€103,377 | +116% |
| Amounts payable after more than one year | 17 | €65,225 | €180,465 | +€115,241 | +177% |
| Financial debts | 170/4 | €65,225 | €180,465 | +€115,241 | +177% |
| Amounts payable within one year | 42/48 | €24,105 | €12,241 | -€11,864 | -49.2% |
| Current portion of amounts payable after more than one year | 42 | €1,385 | €1,415 | +€30 | +2.2% |
| Trade debts | 44 | €15,308 | €5,706 | -€9,602 | -62.7% |
| Suppliers | 440/4 | €15,308 | €5,706 | -€9,602 | -62.7% |
| Taxes, remuneration and social security | 45 | €812 | €4,210 | +€3,398 | +419% |
| Taxes | 450/3 | €812 | €1,919 | +€1,107 | +136% |
| Remuneration and social security | 454/9 | - | €2,291 | +€2,291 | |
| Other amounts payable | 47/48 | €6,601 | €910 | -€5,690 | -86.2% |
| Remuneration, social security and pensions | 62 | - | €12,842 | +€12,842 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,825 | €16,722 | +€7,898 | +89.5% |
| Other operating charges | 640/8 | €710 | €570 | -€141 | -19.8% |
| Gross operating margin | 9900 | -€4,484 | -€1,702 | +€2,782 | +62.0% |
| Operating profit (loss) | 9901 | -€14,019 | -€31,836 | -€17,817 | -127% |
| Financial income | 75/76B | €0 | €62 | +€62 | +207,433% |
| Recurring financial income | 75 | €0 | €62 | +€62 | +207,433% |
| Financial charges | 65/66B | €22 | €702 | +€680 | +3,107% |
| Recurring financial charges | 65 | €22 | €702 | +€680 | +3,107% |
| Profit (loss) for the period before taxes | 9903 | -€14,041 | -€32,476 | -€18,435 | -131% |
| Profit (loss) for the period | 9904 | -€14,041 | -€32,476 | -€18,435 | -131% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,041 | -€32,476 | -€18,435 | -131% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.