PRIAM: 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.
PRIAM
Largest movements
- Tangible fixed assets -€16,916
down €16,916 (-48.0%), from €35,253 to €18,337
of which Plant, machinery and equipment: -€14,883
- Receivables within one year -€12,478
down €12,478 (-25.9%), from €48,098 to €35,620
of which Other amounts receivable: -€19,994
- Cash +€6,891
up €6,891 (+1257.5%), from €548 to €7,439
mainly Depreciation (+€17,846) and Receivables within one year (+€12,478)
- Receivables after one year +€5,650
new in 2024: €5,650
- Trade debts -€20,607
no longer reported in 2024 (was €20,607)
- Other debts -€12,272
down €12,272 (-100.0%), from €12,272 to €0
- Tax, wage and social debts +€10,839
up €10,839 (+65.4%), from €16,565 to €27,404
of which Taxes: +€8,722
- Accrued charges and deferred income +€4,488
up €4,488 (+37400.0%), from €12 to €4,500
- Reserves +€2,635
up €2,635 (+19.0%), from €13,860 to €16,495
of which Distributable reserves: +€2,500
- Staff costs -€10,698
down €10,698 (-16.8%), from €63,525 to €52,827
- Gross operating margin -€5,127
down €5,127 (-6.1%), from €83,687 to €78,560
- Financial income -€2,383
down €2,383 (-99.5%), from €2,396 to €13
of which Non-recurring financial income: -€2,395
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €84,792 | €67,921 | -€16,871 | -19.9% |
| Fixed assets | 21/28 | €35,253 | €18,337 | -€16,916 | -48.0% |
| Tangible fixed assets | 22/27 | €35,253 | €18,337 | -€16,916 | -48.0% |
| Plant, machinery and equipment | 23 | €30,278 | €15,395 | -€14,883 | -49.2% |
| Furniture and vehicles | 24 | €4,975 | €2,942 | -€2,033 | -40.9% |
| Current assets | 29/58 | €49,539 | €49,584 | +€45 | +0.1% |
| Amounts receivable after more than one year | 29 | - | €5,650 | +€5,650 | |
| Trade receivables | 290 | - | €5,650 | +€5,650 | |
| Stocks and contracts in progress | 3 | €613 | €875 | +€262 | +42.7% |
| Stocks | 30/36 | €613 | €875 | +€262 | +42.7% |
| Amounts receivable within one year | 40/41 | €48,098 | €35,620 | -€12,478 | -25.9% |
| Trade receivables | 40 | €28,104 | €35,620 | +€7,516 | +26.7% |
| Other amounts receivable | 41 | €19,994 | - | -€19,994 | |
| Cash at bank and in hand | 54/58 | €548 | €7,439 | +€6,891 | +1257.5% |
| Deferred charges and accrued income | 490/1 | €280 | - | -€280 | |
| Total equity and liabilities | 10/49 | €84,792 | €67,921 | -€16,871 | -19.9% |
| Equity | 10/15 | €33,304 | €35,577 | +€2,273 | +6.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13,860 | €16,495 | +€2,635 | +19.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,995 | +€135 | +7.3% |
| Reserves not available under the articles | 1311 | €1,860 | €1,995 | +€135 | +7.3% |
| Distributable reserves | 133 | €12,000 | €14,500 | +€2,500 | +20.8% |
| Profit (loss) carried forward | 14 | €844 | €482 | -€362 | -42.9% |
| Amounts payable | 17/49 | €51,488 | €32,344 | -€19,144 | -37.2% |
| Amounts payable within one year | 42/48 | €51,476 | €27,844 | -€23,632 | -45.9% |
| Current portion of amounts payable after more than one year | 42 | €2,032 | - | -€2,032 | |
| Financial debts | 43 | - | €440 | +€440 | |
| Other loans | 439 | - | €440 | +€440 | |
| Trade debts | 44 | €20,607 | - | -€20,607 | |
| Suppliers | 440/4 | €20,607 | - | -€20,607 | |
| Taxes, remuneration and social security | 45 | €16,565 | €27,404 | +€10,839 | +65.4% |
| Taxes | 450/3 | €8,188 | €16,910 | +€8,722 | +106.5% |
| Remuneration and social security | 454/9 | €8,377 | €10,494 | +€2,117 | +25.3% |
| Other amounts payable | 47/48 | €12,272 | €0 | -€12,272 | -100.0% |
| Accrued charges and deferred income | 492/3 | €12 | €4,500 | +€4,488 | +37400.0% |
| Non-recurring operating income | 76A | €2,395 | €13 | -€2,382 | -99.5% |
| Remuneration, social security and pensions | 62 | €63,525 | €52,827 | -€10,698 | -16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,332 | €17,846 | -€486 | -2.7% |
| Other operating charges | 640/8 | €914 | €848 | -€66 | -7.2% |
| Non-recurring operating charges | 66A | - | €991 | +€991 | |
| Gross operating margin | 9900 | €83,687 | €78,560 | -€5,127 | -6.1% |
| Operating profit (loss) | 9901 | €916 | €6,048 | +€5,132 | +560.3% |
| Financial income | 75/76B | €2,396 | €13 | -€2,383 | -99.5% |
| Recurring financial income | 75 | €1 | €13 | +€12 | +1200.0% |
| Non-recurring financial income | 76B | €2,395 | - | -€2,395 | |
| Financial charges | 65/66B | €2,574 | €3,288 | +€714 | +27.7% |
| Recurring financial charges | 65 | €2,574 | €3,288 | +€714 | +27.7% |
| Profit (loss) for the period before taxes | 9903 | €738 | €2,773 | +€2,035 | +275.7% |
| Income taxes | 67/77 | €250 | €500 | +€250 | +100.0% |
| Profit (loss) for the period | 9904 | €488 | €2,273 | +€1,785 | +365.8% |
| Profit (loss) for the period to be appropriated | 9905 | €488 | €2,273 | +€1,785 | +365.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.