PRIMACON: 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.
PRIMACON
Largest movements
- Cash -€22,263
down €22,263 (-97.9%), from €22,750 to €488
mainly Investment in fixed assets (net) (-€12,338) and Net result for the year (-€12,094)
- Tangible fixed assets -€10,660
down €10,660 (-2.2%), from €480,336 to €469,676
of which Land and buildings: -€21,111
- Reserves -€23,325
down €23,325 (-8.6%), from €270,458 to €247,133
of which Tax-exempt reserves: -€11,796
- Gross operating margin -€11,740
down €11,740 (-58.0%), from €20,230 to €8,490
- Taxes -€4,492
down €4,492 (-94.8%), from €4,737 to €244
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 | €520,674 | €487,501 | -€33,172 | -6.4% |
| Fixed assets | 21/28 | €480,336 | €469,676 | -€10,660 | -2.2% |
| Tangible fixed assets | 22/27 | €480,336 | €469,676 | -€10,660 | -2.2% |
| Land and buildings | 22 | €476,672 | €455,562 | -€21,111 | -4.4% |
| Plant, machinery and equipment | 23 | €3,664 | €1,972 | -€1,692 | -46.2% |
| Furniture and vehicles | 24 | - | €12,142 | +€12,142 | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €40,337 | €17,825 | -€22,512 | -55.8% |
| Amounts receivable within one year | 40/41 | €12,643 | €13,026 | +€383 | +3.0% |
| Trade receivables | 40 | €12,599 | €13,026 | +€426 | +3.4% |
| Other amounts receivable | 41 | €44 | €0 | -€44 | -100% |
| Cash at bank and in hand | 54/58 | €22,750 | €488 | -€22,263 | -97.9% |
| Deferred charges and accrued income | 490/1 | €4,944 | €4,312 | -€633 | -12.8% |
| Total equity and liabilities | 10/49 | €520,674 | €487,501 | -€33,172 | -6.4% |
| Equity | 10/15 | €406,485 | €382,863 | -€23,622 | -5.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €270,458 | €247,133 | -€23,325 | -8.6% |
| Tax-exempt reserves | 132 | €188,743 | €176,946 | -€11,796 | -6.2% |
| Distributable reserves | 133 | €81,715 | €70,187 | -€11,529 | -14.1% |
| Profit (loss) carried forward | 14 | €74,027 | €73,730 | -€297 | -0.4% |
| Provisions and deferred taxes | 16 | €79,282 | €74,326 | -€4,955 | -6.3% |
| Deferred taxes | 168 | €79,282 | €74,326 | -€4,955 | -6.3% |
| Amounts payable | 17/49 | €34,907 | €30,312 | -€4,595 | -13.2% |
| Amounts payable within one year | 42/48 | €34,907 | €30,312 | -€4,595 | -13.2% |
| Trade debts | 44 | €1,129 | €2,570 | +€1,441 | +128% |
| Suppliers | 440/4 | €1,129 | €2,570 | +€1,441 | +128% |
| Taxes, remuneration and social security | 45 | €7,944 | €5,159 | -€2,786 | -35.1% |
| Taxes | 450/3 | €7,944 | €5,159 | -€2,786 | -35.1% |
| Other amounts payable | 47/48 | €25,834 | €22,583 | -€3,251 | -12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,802 | €22,999 | +€196 | +0.9% |
| Other operating charges | 640/8 | €2,027 | €2,025 | -€3 | -0.1% |
| Gross operating margin | 9900 | €20,230 | €8,490 | -€11,740 | -58.0% |
| Operating profit (loss) | 9901 | -€4,599 | -€16,533 | -€11,934 | -259% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €403 | €271 | -€132 | -32.8% |
| Recurring financial charges | 65 | €403 | €271 | -€132 | -32.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,002 | -€16,804 | -€11,802 | -236% |
| Transfer from deferred taxes | 780 | €4,955 | €4,955 | = | 0.0% |
| Income taxes | 67/77 | €4,737 | €244 | -€4,492 | -94.8% |
| Profit (loss) for the period | 9904 | -€4,784 | -€12,094 | -€7,310 | -153% |
| Transfer from tax-exempt reserves | 789 | €11,796 | €11,796 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,013 | -€297 | -€7,310 |
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 19 October 2026 via checked.be.