PRINCESS: what changed
PRINCESS
Largest movements
- Current investments -€96,816
down €96,816 (-100%), from €96,816 to €0
- Cash -€92,715
down €92,715 (-96.3%), from €96,246 to €3,530
mainly Debts after one year (-€161,920) and Advances received (-€40,972)
- Stocks and contracts -€20,862
down €20,862 (-39.9%), from €52,284 to €31,422
- Tangible fixed assets -€15,610
down €15,610 (-5.2%), from €298,499 to €282,889
- Receivables within one year +€7,550
up €7,550 (+208%), from €3,627 to €11,176
of which Other amounts receivable: +€5,275
- Debts after one year -€161,920
down €161,920 (-100%), from €161,920 to €0
- Advances received -€40,972
down €40,972 (-28.9%), from €141,866 to €100,894
- Profit (loss) carried forward +€21,533
up €21,533 (+57.1%), from €37,714 to €59,247
- Current portion of long-term debt -€19,477
down €19,477 (-100%), from €19,477 to €0
- Tax, wage and social debts -€10,705
down €10,705 (-100%), from €10,705 to €0
- Gross operating margin -€73,381
down €73,381 (-60.5%), from €121,245 to €47,864
- Financial charges -€4,632
down €4,632 (-51.1%), from €9,067 to €4,435
- Taxes -€3,723
down €3,723 (-34.2%), from €10,901 to €7,178
- Financial income +€1,530
up €1,530 (+235%), from €652 to €2,182
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €547,624 | €329,017 | -€218,607 | -39.9% |
| Fixed assets | 21/28 | €298,499 | €282,889 | -€15,610 | -5.2% |
| Tangible fixed assets | 22/27 | €298,499 | €282,889 | -€15,610 | -5.2% |
| Land and buildings | 22 | €298,499 | €282,889 | -€15,610 | -5.2% |
| Current assets | 29/58 | €249,125 | €46,128 | -€202,996 | -81.5% |
| Stocks and contracts in progress | 3 | €52,284 | €31,422 | -€20,862 | -39.9% |
| Contracts in progress | 37 | €52,284 | €31,422 | -€20,862 | -39.9% |
| Amounts receivable within one year | 40/41 | €3,627 | €11,176 | +€7,550 | +208% |
| Trade receivables | 40 | - | €2,275 | +€2,275 | |
| Other amounts receivable | 41 | €3,627 | €8,901 | +€5,275 | +145% |
| Current investments | 50/53 | €96,816 | €0 | -€96,816 | -100% |
| Cash at bank and in hand | 54/58 | €96,246 | €3,530 | -€92,715 | -96.3% |
| Deferred charges and accrued income | 490/1 | €152 | €0 | -€152 | -100% |
| Total equity and liabilities | 10/49 | €547,624 | €329,017 | -€218,607 | -39.9% |
| Equity | 10/15 | €105,914 | €127,447 | +€21,533 | +20.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,714 | €59,247 | +€21,533 | +57.1% |
| Amounts payable | 17/49 | €441,710 | €201,571 | -€240,140 | -54.4% |
| Amounts payable after more than one year | 17 | €161,920 | €0 | -€161,920 | -100% |
| Financial debts | 170/4 | €161,920 | €0 | -€161,920 | -100% |
| Amounts payable within one year | 42/48 | €184,613 | €106,394 | -€78,219 | -42.4% |
| Current portion of amounts payable after more than one year | 42 | €19,477 | €0 | -€19,477 | -100% |
| Trade debts | 44 | €12,566 | €5,500 | -€7,066 | -56.2% |
| Suppliers | 440/4 | €12,566 | €5,500 | -€7,066 | -56.2% |
| Advances received on contracts in progress | 46 | €141,866 | €100,894 | -€40,972 | -28.9% |
| Taxes, remuneration and social security | 45 | €10,705 | €0 | -€10,705 | -100% |
| Taxes | 450/3 | €10,705 | €0 | -€10,705 | -100% |
| Accrued charges and deferred income | 492/3 | €95,176 | €95,176 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,610 | €15,610 | = | 0.0% |
| Other operating charges | 640/8 | €1,239 | €1,290 | +€52 | +4.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €121,245 | €47,864 | -€73,381 | -60.5% |
| Operating profit (loss) | 9901 | €104,396 | €30,964 | -€73,432 | -70.3% |
| Financial income | 75/76B | €652 | €2,182 | +€1,530 | +235% |
| Recurring financial income | 75 | €652 | €2,182 | +€1,530 | +235% |
| Financial charges | 65/66B | €9,067 | €4,435 | -€4,632 | -51.1% |
| Recurring financial charges | 65 | €9,067 | €4,435 | -€4,632 | -51.1% |
| Profit (loss) for the period before taxes | 9903 | €95,981 | €28,710 | -€67,271 | -70.1% |
| Income taxes | 67/77 | €10,901 | €7,178 | -€3,723 | -34.2% |
| Profit (loss) for the period | 9904 | €85,080 | €21,533 | -€63,547 | -74.7% |
| Profit (loss) for the period to be appropriated | 9905 | €85,080 | €21,533 | -€63,547 | -74.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.