PRIMARK: 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.
What changed
PRIMARK
NACE 47.716, Retail sale of clothing and accessories for women, men, children and babies (general range)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€6.9m
2024 · €992,801+€6.0m
Equity
€28.0m
2024 · €41.0m-€13.1m
Cash
€4.1m
2024 · €4.7m-€554,107
Balance sheet total
€72.7m
2024 · €87.0m-€14.3m
Largest movements
Assets
- Receivables within one year -€8.3m
down €8.3m (-24.8%), from €33.7m to €25.4m
- Tangible fixed assets -€5.9m
down €5.9m (-13.8%), from €42.9m to €37.0m
of which Other tangible fixed assets: -€6.0m
Equity and liabilities
- Profit (loss) carried forward -€13.1m
down €13.1m (-36.8%), from €35.5m to €22.5m
- Trade debts +€6.1m
up €6.1m (+54.5%), from €11.2m to €17.4m
- Other debts -€4.3m
down €4.3m (-94.5%), from €4.6m to €252,657
- Debts after one year -€1.8m
down €1.8m (-17.2%), from €10.6m to €8.8m
- Accrued charges and deferred income -€996,332
down €996,332 (-18.7%), from €5.3m to €4.3m
Income statement
- Services and other goods -€2.9m
down €2.9m (-6.2%), from €47.5m to €44.5m
- Financial charges -€2.9m
down €2.9m (-76.0%), from €3.8m to €904,140
- Turnover -€2.8m
down €2.8m (-1.2%), from €240.3m to €237.5m
- Goods and materials -€2.6m
down €2.6m (-2.1%), from €126.8m to €124.2m
of which Change in stocks: decrease (increase): -€1.7m
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.
Result 2024
€992,801
Turnover
-€2.8m
Goods and materials
+€2.6m
Services and other goods
+€2.9m
Staff costs
-€223,837
Depreciation
+€2.2m
Other operating charges
-€34,774
Financial income
-€1.3m
Financial charges
+€2.9m
Taxes
-€362,668
Result 2025
€6.9m
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.
From operations
+€24.4m
Investment
-€3.1m
Financing
-€21.8m
Cash 2024
€4.7m
From operations (derived)
+€24.4m
Net result for the year
+€6.9m
Depreciation
+€9.0m
Stocks and contracts
-€536,652
Receivables within one year
+€8.3m
Trade debts
+€6.1m
Tax, wage and social debts
-€198,082
Other debts
-€4.3m
Accrued charges and deferred income
-€996,332
Investment (derived)
-€3.1m
Investment in fixed assets (net)
-€3.1m
Financing
-€21.8m
Debts after one year
-€1.8m
Contributions, distributions and other
-€20.0m
Cash 2025
€4.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €86,996,225 | €72,732,388 | -€14.3m | -16.4% |
| Fixed assets | 21/28 | €42,873,121 | €36,973,432 | -€5.9m | -13.8% |
| Tangible fixed assets | 22/27 | €42,873,121 | €36,973,432 | -€5.9m | -13.8% |
| Land and buildings | 22 | €12,179,086 | €12,035,968 | -€143,119 | -1.2% |
| Plant, machinery and equipment | 23 | €1,061,933 | €1,293,028 | +€231,095 | +21.8% |
| Other tangible fixed assets | 26 | €29,632,102 | €23,644,436 | -€6.0m | -20.2% |
| Current assets | 29/58 | €44,123,104 | €35,758,956 | -€8.4m | -19.0% |
| Stocks and contracts in progress | 3 | €5,265,257 | €5,801,909 | +€536,652 | +10.2% |
| Stocks | 30/36 | €5,265,257 | €5,801,909 | +€536,652 | +10.2% |
| Goods purchased for resale | 34 | €5,265,257 | €5,801,909 | +€536,652 | +10.2% |
| Amounts receivable within one year | 40/41 | €33,702,316 | €25,355,622 | -€8.3m | -24.8% |
| Other amounts receivable | 41 | €33,702,316 | €25,355,622 | -€8.3m | -24.8% |
| Cash at bank and in hand | 54/58 | €4,655,531 | €4,101,424 | -€554,107 | -11.9% |
| Deferred charges and accrued income | 490/1 | €500,000 | €500,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €86,996,225 | €72,732,388 | -€14.3m | -16.4% |
| Equity | 10/15 | €41,014,513 | €27,959,468 | -€13.1m | -31.8% |
| Contributions | 10/11 | €5,000,000 | €5,000,000 | = | 0.0% |
| Capital | 10 | €5,000,000 | €5,000,000 | = | 0.0% |
| Issued capital | 100 | €5,000,000 | €5,000,000 | = | 0.0% |
| Reserves | 13 | €500,000 | €500,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €500,000 | €500,000 | = | 0.0% |
| Legal reserve | 130 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,514,513 | €22,459,467 | -€13.1m | -36.8% |
| Amounts payable | 17/49 | €45,981,712 | €44,772,920 | -€1.2m | -2.6% |
| Amounts payable after more than one year | 17 | €10,566,516 | €8,751,359 | -€1.8m | -17.2% |
| Financial debts | 170/4 | €10,566,516 | €8,751,359 | -€1.8m | -17.2% |
| Other loans | 174 | €10,566,516 | €8,751,359 | -€1.8m | -17.2% |
| Amounts payable within one year | 42/48 | €30,078,421 | €31,681,119 | +€1.6m | +5.3% |
| Trade debts | 44 | €11,244,680 | €17,375,325 | +€6.1m | +54.5% |
| Suppliers | 440/4 | €11,244,680 | €17,375,325 | +€6.1m | +54.5% |
| Taxes, remuneration and social security | 45 | €14,251,218 | €14,053,137 | -€198,082 | -1.4% |
| Taxes | 450/3 | €5,783,959 | €5,881,766 | +€97,807 | +1.7% |
| Remuneration and social security | 454/9 | €8,467,260 | €8,171,371 | -€295,889 | -3.5% |
| Other amounts payable | 47/48 | €4,582,523 | €252,657 | -€4.3m | -94.5% |
| Accrued charges and deferred income | 492/3 | €5,336,775 | €4,340,443 | -€996,332 | -18.7% |
| Operating income | 70/76A | €240,250,144 | €237,463,286 | -€2.8m | -1.2% |
| Turnover | 70 | €240,250,144 | €237,463,286 | -€2.8m | -1.2% |
| Operating charges | 60/66A | €235,685,022 | €228,172,522 | -€7.5m | -3.2% |
| Goods for resale, raw materials and consumables | 60 | €126,810,783 | €124,194,331 | -€2.6m | -2.1% |
| Purchases | 600/8 | €125,604,374 | €124,730,982 | -€873,392 | -0.7% |
| Change in stocks: decrease (increase) | 609 | €1,206,409 | -€536,652 | -€1.7m | |
| Services and other goods | 61 | €47,466,276 | €44,522,134 | -€2.9m | -6.2% |
| Remuneration, social security and pensions | 62 | €50,135,434 | €50,359,271 | +€223,837 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,258,017 | €9,047,499 | -€2.2m | -19.6% |
| Other operating charges | 640/8 | €14,511 | €49,286 | +€34,774 | +239.6% |
| Operating profit (loss) | 9901 | €4,565,122 | €9,290,764 | +€4.7m | +103.5% |
| Financial income | 75/76B | €1,925,046 | €646,084 | -€1.3m | -66.4% |
| Recurring financial income | 75 | €1,925,046 | €646,084 | -€1.3m | -66.4% |
| Income from current assets | 751 | €1,925,046 | €646,084 | -€1.3m | -66.4% |
| Financial charges | 65/66B | €3,772,282 | €904,140 | -€2.9m | -76.0% |
| Recurring financial charges | 65 | €3,772,282 | €904,140 | -€2.9m | -76.0% |
| Debt charges | 650 | €3,772,282 | €904,140 | -€2.9m | -76.0% |
| Profit (loss) for the period before taxes | 9903 | €2,717,887 | €9,032,708 | +€6.3m | +232.3% |
| Income taxes | 67/77 | €1,725,086 | €2,087,754 | +€362,668 | +21.0% |
| Taxes | 670/3 | €1,725,086 | €2,087,754 | +€362,668 | +21.0% |
| Profit (loss) for the period | 9904 | €992,801 | €6,944,954 | +€6.0m | +599.5% |
| Profit (loss) for the period to be appropriated | 9905 | €992,801 | €6,944,954 | +€6.0m | +599.5% |
Source: filed annual accounts (NBB), fiscal years ended 14 September 2024 and 13 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.