PRIMAKO: 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.
PRIMAKO
Largest movements
- Tangible fixed assets -€96,175
down €96,175 (-5.5%), from €1.7m to €1.6m
of which Land and buildings: -€96,175
- Receivables within one year +€38,900
up €38,900 (+5.5%), from €707,128 to €746,029
of which Other amounts receivable: +€43,629
- Profit (loss) carried forward -€45,390
down €45,390 (-4.7%), from -€960,157 to -€1.0m
- Gross operating margin -€116,605
down €116,605 (-89.0%), from €131,087 to €14,481
- Financial income -€2,416
down €2,416 (-5.2%), from €46,045 to €43,629
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 | €3,062,814 | €3,004,616 | -€58,198 | -1.9% |
| Fixed assets | 21/28 | €2,340,125 | €2,243,950 | -€96,175 | -4.1% |
| Tangible fixed assets | 22/27 | €1,740,125 | €1,643,950 | -€96,175 | -5.5% |
| Land and buildings | 22 | €1,726,853 | €1,630,678 | -€96,175 | -5.6% |
| Plant, machinery and equipment | 23 | €3,557 | €3,557 | = | 0.0% |
| Furniture and vehicles | 24 | €9,715 | €9,715 | = | 0.0% |
| Financial fixed assets | 28 | €600,000 | €600,000 | = | 0.0% |
| Current assets | 29/58 | €722,689 | €760,666 | +€37,977 | +5.3% |
| Amounts receivable within one year | 40/41 | €707,128 | €746,029 | +€38,900 | +5.5% |
| Trade receivables | 40 | €6,568 | €1,839 | -€4,728 | -72.0% |
| Other amounts receivable | 41 | €700,561 | €744,189 | +€43,629 | +6.2% |
| Cash at bank and in hand | 54/58 | €15,561 | €14,637 | -€924 | -5.9% |
| Total equity and liabilities | 10/49 | €3,062,814 | €3,004,616 | -€58,198 | -1.9% |
| Equity | 10/15 | -€640,776 | -€686,166 | -€45,390 | -7.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €257,381 | €257,381 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,661 | €3,661 | = | 0.0% |
| Legal reserve | 130 | €3,661 | €3,661 | = | 0.0% |
| Distributable reserves | 133 | €253,720 | €253,720 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€960,157 | -€1,005,547 | -€45,390 | -4.7% |
| Amounts payable | 17/49 | €3,703,589 | €3,690,781 | -€12,808 | -0.3% |
| Amounts payable within one year | 42/48 | €3,703,589 | €3,690,781 | -€12,808 | -0.3% |
| Trade debts | 44 | €2,366 | €2,221 | -€145 | -6.1% |
| Suppliers | 440/4 | €2,366 | €2,221 | -€145 | -6.1% |
| Taxes, remuneration and social security | 45 | €1,380 | €1,711 | +€331 | +24.0% |
| Taxes | 450/3 | €1,380 | €1,711 | +€331 | +24.0% |
| Other amounts payable | 47/48 | €3,699,843 | €3,686,849 | -€12,994 | -0.4% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,175 | €96,175 | -€0 | 0.0% |
| Other operating charges | 640/8 | €8,269 | €7,061 | -€1,207 | -14.6% |
| Gross operating margin | 9900 | €131,087 | €14,481 | -€116,605 | -89.0% |
| Operating profit (loss) | 9901 | €26,643 | -€88,756 | -€115,398 | |
| Financial income | 75/76B | €46,045 | €43,629 | -€2,416 | -5.2% |
| Recurring financial income | 75 | €46,045 | €43,629 | -€2,416 | -5.2% |
| Financial charges | 65/66B | €29 | €30 | +€2 | +5.3% |
| Recurring financial charges | 65 | €29 | €30 | +€2 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €72,660 | -€45,156 | -€117,816 | |
| Income taxes | 67/77 | €226 | €234 | +€8 | +3.4% |
| Profit (loss) for the period | 9904 | €72,433 | -€45,390 | -€117,823 | |
| Profit (loss) for the period to be appropriated | 9905 | €72,433 | -€45,390 | -€117,823 |
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 2 October 2026 via checked.be.