BELPRIMMO: 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.
BELPRIMMO
Largest movements
- Cash -€421,284
down €421,284 (-76.5%), from €550,661 to €129,377
mainly Contributions, distributions and other (-€400,000) and Other debts (-€178,689)
- Receivables within one year +€16,749
up €16,749 (+97.5%), from €17,175 to €33,924
of which Trade receivables: +€32,935
- Reserves -€237,868
down €237,868 (-32.6%), from €729,592 to €491,724
- Other debts -€178,689
down €178,689 (-100.0%), from €178,689 to €0
- Tax, wage and social debts +€16,213
up €16,213, from €0 to €16,213
- Gross operating margin +€49,700
up €49,700 (+22.2%), from €223,472 to €273,171
- Other operating charges +€33,707
up €33,707 (+8702.2%), from €387 to €34,095
- Financial income -€16,740
down €16,740 (-100.0%), from €16,740 to €0
- Taxes +€16,098
up €16,098 (+27.0%), from €59,563 to €75,661
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 | €967,940 | €563,301 | -€404,639 | -41.8% |
| Fixed assets | 21/28 | €400,103 | €400,000 | -€103 | 0.0% |
| Tangible fixed assets | 22/27 | €400,000 | €400,000 | = | 0.0% |
| Land and buildings | 22 | €400,000 | €400,000 | = | 0.0% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €103 | €0 | -€103 | -100.0% |
| Current assets | 29/58 | €567,836 | €163,301 | -€404,535 | -71.2% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €17,175 | €33,924 | +€16,749 | +97.5% |
| Trade receivables | 40 | - | €32,935 | +€32,935 | |
| Other amounts receivable | 41 | €17,175 | €989 | -€16,186 | -94.2% |
| Cash at bank and in hand | 54/58 | €550,661 | €129,377 | -€421,284 | -76.5% |
| Total equity and liabilities | 10/49 | €967,940 | €563,301 | -€404,639 | -41.8% |
| Equity | 10/15 | €748,192 | €510,324 | -€237,868 | -31.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €729,592 | €491,724 | -€237,868 | -32.6% |
| Distributable reserves | 133 | €729,592 | €491,724 | -€237,868 | -32.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €219,748 | €52,977 | -€166,770 | -75.9% |
| Amounts payable within one year | 42/48 | €198,974 | €31,396 | -€167,577 | -84.2% |
| Current portion of amounts payable after more than one year | 42 | €20,285 | €15,183 | -€5,102 | -25.2% |
| Taxes, remuneration and social security | 45 | €0 | €16,213 | +€16,213 | |
| Taxes | 450/3 | €0 | €16,213 | +€16,213 | |
| Other amounts payable | 47/48 | €178,689 | €0 | -€178,689 | -100.0% |
| Accrued charges and deferred income | 492/3 | €20,774 | €21,581 | +€807 | +3.9% |
| Other operating charges | 640/8 | €387 | €34,095 | +€33,707 | +8702.2% |
| Gross operating margin | 9900 | €223,472 | €273,171 | +€49,700 | +22.2% |
| Operating profit (loss) | 9901 | €223,084 | €239,077 | +€15,993 | +7.2% |
| Financial income | 75/76B | €16,740 | €0 | -€16,740 | -100.0% |
| Recurring financial income | 75 | €16,740 | €0 | -€16,740 | -100.0% |
| Financial charges | 65/66B | €1,572 | €1,284 | -€289 | -18.4% |
| Recurring financial charges | 65 | €1,572 | €1,284 | -€289 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €238,252 | €237,793 | -€459 | -0.2% |
| Income taxes | 67/77 | €59,563 | €75,661 | +€16,098 | +27.0% |
| Profit (loss) for the period | 9904 | €178,689 | €162,132 | -€16,557 | -9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €178,689 | €162,132 | -€16,557 | -9.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.