PRIMALORE: 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.
PRIMALORE
Largest movements
- Receivables within one year +€26,789
up €26,789 (+278.3%), from €9,624 to €36,413
of which Other amounts receivable: +€26,133
- Tangible fixed assets -€9,499
down €9,499 (-11.1%), from €85,891 to €76,392
of which Other tangible fixed assets: -€5,432
- Deferred charges and accrued income +€3,389
up €3,389 (+142.0%), from €2,387 to €5,776
- Other debts +€73,825
up €73,825 (+61336.4%), from €120 to €73,945
- Reserves -€39,426
down €39,426 (-97.6%), from €40,416 to €990
of which Distributable reserves: -€39,426
- Trade debts -€13,514
down €13,514 (-75.8%), from €17,820 to €4,306
- Tax, wage and social debts +€8,137
up €8,137 (+53.3%), from €15,272 to €23,409
of which Remuneration and social security: +€7,050
- Debts after one year -€6,881
down €6,881 (-28.9%), from €23,819 to €16,938
- Gross operating margin +€16,995
up €16,995 (+8.6%), from €197,512 to €214,507
- Staff costs +€16,170
up €16,170 (+12.3%), from €131,002 to €147,172
- Depreciation +€3,761
up €3,761 (+30.5%), from €12,322 to €16,083
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 | €144,041 | €166,486 | +€22,445 | +15.6% |
| Fixed assets | 21/28 | €85,891 | €76,392 | -€9,499 | -11.1% |
| Tangible fixed assets | 22/27 | €85,891 | €76,392 | -€9,499 | -11.1% |
| Plant, machinery and equipment | 23 | €9,047 | €11,302 | +€2,256 | +24.9% |
| Furniture and vehicles | 24 | €8,643 | €6,829 | -€1,814 | -21.0% |
| Leasing and similar rights | 25 | €22,023 | €17,515 | -€4,508 | -20.5% |
| Other tangible fixed assets | 26 | €46,178 | €40,746 | -€5,432 | -11.8% |
| Current assets | 29/58 | €58,151 | €90,094 | +€31,944 | +54.9% |
| Stocks and contracts in progress | 3 | €7,856 | €8,253 | +€397 | +5.1% |
| Stocks | 30/36 | €7,856 | €8,253 | +€397 | +5.1% |
| Amounts receivable within one year | 40/41 | €9,624 | €36,413 | +€26,789 | +278.3% |
| Trade receivables | 40 | €0 | €655 | +€655 | |
| Other amounts receivable | 41 | €9,624 | €35,758 | +€26,133 | +271.5% |
| Cash at bank and in hand | 54/58 | €38,284 | €39,652 | +€1,368 | +3.6% |
| Deferred charges and accrued income | 490/1 | €2,387 | €5,776 | +€3,389 | +142.0% |
| Total equity and liabilities | 10/49 | €144,041 | €166,486 | +€22,445 | +15.6% |
| Equity | 10/15 | €80,416 | €40,990 | -€39,426 | -49.0% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €40,416 | €990 | -€39,426 | -97.6% |
| Non-distributable reserves | 130/1 | €990 | €990 | = | 0.0% |
| Reserves not available under the articles | 1311 | €990 | €990 | = | 0.0% |
| Distributable reserves | 133 | €39,426 | €0 | -€39,426 | -100.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €63,626 | €125,496 | +€61,871 | +97.2% |
| Amounts payable after more than one year | 17 | €23,819 | €16,938 | -€6,881 | -28.9% |
| Financial debts | 170/4 | €23,819 | €16,938 | -€6,881 | -28.9% |
| Amounts payable within one year | 42/48 | €39,807 | €108,540 | +€68,734 | +172.7% |
| Current portion of amounts payable after more than one year | 42 | €6,595 | €6,881 | +€286 | +4.3% |
| Trade debts | 44 | €17,820 | €4,306 | -€13,514 | -75.8% |
| Suppliers | 440/4 | €17,820 | €4,306 | -€13,514 | -75.8% |
| Taxes, remuneration and social security | 45 | €15,272 | €23,409 | +€8,137 | +53.3% |
| Taxes | 450/3 | €7,064 | €8,151 | +€1,086 | +15.4% |
| Remuneration and social security | 454/9 | €8,208 | €15,258 | +€7,050 | +85.9% |
| Other amounts payable | 47/48 | €120 | €73,945 | +€73,825 | +61336.4% |
| Accrued charges and deferred income | 492/3 | - | €18 | +€18 | |
| Remuneration, social security and pensions | 62 | €131,002 | €147,172 | +€16,170 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,322 | €16,083 | +€3,761 | +30.5% |
| Other operating charges | 640/8 | €2,500 | €1,647 | -€853 | -34.1% |
| Gross operating margin | 9900 | €197,512 | €214,507 | +€16,995 | +8.6% |
| Operating profit (loss) | 9901 | €51,688 | €49,605 | -€2,084 | -4.0% |
| Financial income | 75/76B | €6 | €77 | +€71 | +1188.5% |
| Recurring financial income | 75 | €6 | €77 | +€71 | +1188.5% |
| Financial charges | 65/66B | €3,214 | €3,759 | +€546 | +17.0% |
| Recurring financial charges | 65 | €3,214 | €3,759 | +€546 | +17.0% |
| Profit (loss) for the period before taxes | 9903 | €48,481 | €45,922 | -€2,558 | -5.3% |
| Income taxes | 67/77 | €12,489 | €11,524 | -€965 | -7.7% |
| Profit (loss) for the period | 9904 | €35,992 | €34,399 | -€1,593 | -4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €35,992 | €34,399 | -€1,593 | -4.4% |
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 5 October 2026 via checked.be.