LE PRIMORDIA: 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.
LE PRIMORDIA
Largest movements
- Receivables within one year -€36,742
down €36,742 (-24.7%), from €148,779 to €112,037
of which Trade receivables: -€26,021
- Trade debts -€45,823
down €45,823 (-85.0%), from €53,924 to €8,101
- Tax, wage and social debts -€23,686
down €23,686 (-23.7%), from €99,916 to €76,230
of which Remuneration and social security: -€13,169
- Revaluation surpluses -€22,800
down €22,800 (-10.0%), from €228,000 to €205,200
- Reserves +€22,800
up €22,800 (+10.0%), from €228,000 to €250,800
- Short-term financial debts +€17,333
up €17,333, from €0 to €17,333
- Gross operating margin +€13,871
up €13,871 (+7.2%), from €191,518 to €205,388
- Depreciation -€9,343
down €9,343 (-16.6%), from €56,290 to €46,947
- Other operating charges +€8,161
up €8,161 (+62.6%), from €13,031 to €21,191
- Staff costs +€5,413
up €5,413 (+5.6%), from €96,599 to €102,012
- Financial charges -€3,619
down €3,619 (-14.3%), from €25,271 to €21,652
of which Non-recurring financial charges: -€8,900
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.
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 | €745,398 | €704,367 | -€41,032 | -5.5% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €562,107 | €561,604 | -€503 | -0.1% |
| Tangible fixed assets | 22/27 | €532,987 | €532,484 | -€503 | -0.1% |
| Land and buildings | 22 | €477,412 | €477,807 | +€395 | +0.1% |
| Plant, machinery and equipment | 23 | €43,068 | €51,507 | +€8,438 | +19.6% |
| Furniture and vehicles | 24 | €12,506 | €3,170 | -€9,336 | -74.7% |
| Financial fixed assets | 28 | €29,120 | €29,120 | = | 0.0% |
| Current assets | 29/58 | €183,292 | €142,763 | -€40,529 | -22.1% |
| Stocks and contracts in progress | 3 | €8,753 | €7,966 | -€788 | -9.0% |
| Stocks | 30/36 | €8,753 | €7,966 | -€788 | -9.0% |
| Amounts receivable within one year | 40/41 | €148,779 | €112,037 | -€36,742 | -24.7% |
| Trade receivables | 40 | €92,404 | €66,383 | -€26,021 | -28.2% |
| Other amounts receivable | 41 | €56,375 | €45,654 | -€10,721 | -19.0% |
| Cash at bank and in hand | 54/58 | €7,852 | €7,351 | -€501 | -6.4% |
| Deferred charges and accrued income | 490/1 | €17,908 | €15,409 | -€2,498 | -14.0% |
| Total equity and liabilities | 10/49 | €745,398 | €704,367 | -€41,032 | -5.5% |
| Equity | 10/15 | €487,381 | €488,881 | +€1,500 | +0.3% |
| Contributions | 10/11 | €264,429 | €264,429 | = | 0.0% |
| Revaluation surpluses | 12 | €228,000 | €205,200 | -€22,800 | -10.0% |
| Reserves | 13 | €228,000 | €250,800 | +€22,800 | +10.0% |
| Non-distributable reserves | 130/1 | €228,000 | €250,800 | +€22,800 | +10.0% |
| Reserves not available under the articles | 1311 | €228,000 | €250,800 | +€22,800 | +10.0% |
| Profit (loss) carried forward | 14 | -€233,048 | -€231,548 | +€1,500 | +0.6% |
| Amounts payable | 17/49 | €258,017 | €215,486 | -€42,532 | -16.5% |
| Amounts payable after more than one year | 17 | €80,759 | €90,610 | +€9,851 | +12.2% |
| Financial debts | 170/4 | €80,759 | €90,610 | +€9,851 | +12.2% |
| Amounts payable within one year | 42/48 | €177,258 | €124,876 | -€52,382 | -29.6% |
| Current portion of amounts payable after more than one year | 42 | €23,418 | €23,211 | -€207 | -0.9% |
| Financial debts | 43 | €0 | €17,333 | +€17,333 | |
| Credit institutions | 430/8 | €0 | €17,333 | +€17,333 | |
| Trade debts | 44 | €53,924 | €8,101 | -€45,823 | -85.0% |
| Suppliers | 440/4 | €53,924 | €8,101 | -€45,823 | -85.0% |
| Taxes, remuneration and social security | 45 | €99,916 | €76,230 | -€23,686 | -23.7% |
| Taxes | 450/3 | €70,537 | €60,019 | -€10,517 | -14.9% |
| Remuneration and social security | 454/9 | €29,380 | €16,211 | -€13,169 | -44.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €96,599 | €102,012 | +€5,413 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,290 | €46,947 | -€9,343 | -16.6% |
| Other operating charges | 640/8 | €13,031 | €21,191 | +€8,161 | +62.6% |
| Non-recurring operating charges | 66A | €0 | €1,203 | +€1,203 | |
| Gross operating margin | 9900 | €191,518 | €205,388 | +€13,871 | +7.2% |
| Operating profit (loss) | 9901 | €25,599 | €34,035 | +€8,437 | +33.0% |
| Financial income | 75/76B | €100 | €0 | -€100 | -100% |
| Recurring financial income | 75 | €100 | €0 | -€100 | -100% |
| Financial charges | 65/66B | €25,271 | €21,652 | -€3,619 | -14.3% |
| Recurring financial charges | 65 | €16,370 | €21,652 | +€5,282 | +32.3% |
| Non-recurring financial charges | 66B | €8,900 | €0 | -€8,900 | -100% |
| Profit (loss) for the period before taxes | 9903 | €428 | €12,384 | +€11,955 | +2,791% |
| Income taxes | 67/77 | €7,751 | €10,884 | +€3,133 | +40.4% |
| Profit (loss) for the period | 9904 | -€7,322 | €1,500 | +€8,822 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,322 | €1,500 | +€8,822 |
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 18 October 2026 via checked.be.