PRIMAIRCO: 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.
PRIMAIRCO
Largest movements
- Current investments -€71,000
no longer reported in 2025 (was €71,000)
- Cash +€66,382
up €66,382 (+191%), from €34,808 to €101,190
mainly Current investments (+€71,000) and Net result for the year (+€24,861)
- Tangible fixed assets +€15,677
up €15,677 (+93.6%), from €16,752 to €32,429
of which Furniture and vehicles: +€17,465
- Stocks and contracts +€3,532
up €3,532 (+92.3%), from €3,826 to €7,358
- Profit (loss) carried forward +€24,861
up €24,861 (+21.2%), from €117,109 to €141,971
- Tax, wage and social debts -€5,720
down €5,720 (-86.4%), from €6,621 to €900
- Current portion of long-term debt -€3,068
no longer reported in 2025 (was €3,068)
- Depreciation +€5,687
up €5,687 (+53.5%), from €10,629 to €16,316
- Gross operating margin +€4,086
up €4,086 (+9.3%), from €44,066 to €48,152
- Taxes -€942
down €942 (-12.0%), from €7,825 to €6,883
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 | €129,189 | €145,301 | +€16,112 | +12.5% |
| Fixed assets | 21/28 | €16,752 | €32,429 | +€15,677 | +93.6% |
| Tangible fixed assets | 22/27 | €16,752 | €32,429 | +€15,677 | +93.6% |
| Plant, machinery and equipment | 23 | €3,461 | €1,673 | -€1,788 | -51.7% |
| Furniture and vehicles | 24 | €13,291 | €30,756 | +€17,465 | +131% |
| Current assets | 29/58 | €112,437 | €112,872 | +€435 | +0.4% |
| Stocks and contracts in progress | 3 | €3,826 | €7,358 | +€3,532 | +92.3% |
| Stocks | 30/36 | €3,826 | €7,358 | +€3,532 | +92.3% |
| Amounts receivable within one year | 40/41 | €1,353 | €2,704 | +€1,352 | +99.9% |
| Other amounts receivable | 41 | €1,353 | €2,704 | +€1,352 | +99.9% |
| Current investments | 50/53 | €71,000 | - | -€71,000 | |
| Cash at bank and in hand | 54/58 | €34,808 | €101,190 | +€66,382 | +191% |
| Deferred charges and accrued income | 490/1 | €1,450 | €1,619 | +€170 | +11.7% |
| Total equity and liabilities | 10/49 | €129,189 | €145,301 | +€16,112 | +12.5% |
| Equity | 10/15 | €119,109 | €143,971 | +€24,861 | +20.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €117,109 | €141,971 | +€24,861 | +21.2% |
| Amounts payable | 17/49 | €10,080 | €1,331 | -€8,749 | -86.8% |
| Amounts payable within one year | 42/48 | €10,080 | €1,331 | -€8,749 | -86.8% |
| Current portion of amounts payable after more than one year | 42 | €3,068 | - | -€3,068 | |
| Taxes, remuneration and social security | 45 | €6,621 | €900 | -€5,720 | -86.4% |
| Taxes | 450/3 | €6,621 | €900 | -€5,720 | -86.4% |
| Other amounts payable | 47/48 | €391 | €430 | +€39 | +9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,629 | €16,316 | +€5,687 | +53.5% |
| Other operating charges | 640/8 | €440 | €400 | -€41 | -9.2% |
| Gross operating margin | 9900 | €44,066 | €48,152 | +€4,086 | +9.3% |
| Operating profit (loss) | 9901 | €32,997 | €31,436 | -€1,560 | -4.7% |
| Financial income | 75/76B | €780 | €454 | -€326 | -41.8% |
| Recurring financial income | 75 | €780 | €454 | -€326 | -41.8% |
| Financial charges | 65/66B | €405 | €146 | -€259 | -64.0% |
| Recurring financial charges | 65 | €405 | €146 | -€259 | -64.0% |
| Profit (loss) for the period before taxes | 9903 | €33,372 | €31,745 | -€1,628 | -4.9% |
| Income taxes | 67/77 | €7,825 | €6,883 | -€942 | -12.0% |
| Profit (loss) for the period | 9904 | €25,547 | €24,861 | -€686 | -2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,547 | €24,861 | -€686 | -2.7% |
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 17 October 2026 via checked.be.