Primary Key Solutions: 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.
Primary Key Solutions
Largest movements
- Cash +€75,102
up €75,102 (+146.1%), from €51,418 to €126,520
mainly Current investments (+€55,922) and Net result for the year (+€8,946)
- Current investments -€55,922
down €55,922 (-78.8%), from €70,922 to €15,000
- Tangible fixed assets -€8,630
down €8,630 (-26.8%), from €32,244 to €23,614
of which Furniture and vehicles: -€6,089
- Receivables within one year -€4,420
down €4,420 (-91.2%), from €4,849 to €429
of which Trade receivables: -€4,567
- Reserves +€8,946
up €8,946 (+6.0%), from €148,818 to €157,764
- Tax, wage and social debts -€1,986
down €1,986 (-49.3%), from €4,028 to €2,042
- Gross operating margin -€30,618
down €30,618, from €28,789 to -€1,829
- Financial income +€23,448
up €23,448 (+2204.0%), from €1,064 to €24,512
- Depreciation +€3,827
up €3,827 (+79.7%), from €4,803 to €8,630
- Taxes -€2,358
down €2,358 (-36.3%), from €6,499 to €4,141
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 | €160,217 | €166,293 | +€6,075 | +3.8% |
| Fixed assets | 21/28 | €32,410 | €23,780 | -€8,630 | -26.6% |
| Tangible fixed assets | 22/27 | €32,244 | €23,614 | -€8,630 | -26.8% |
| Plant, machinery and equipment | 23 | €4,444 | €1,903 | -€2,541 | -57.2% |
| Furniture and vehicles | 24 | €27,800 | €21,711 | -€6,089 | -21.9% |
| Financial fixed assets | 28 | €166 | €166 | = | 0.0% |
| Current assets | 29/58 | €127,807 | €142,512 | +€14,705 | +11.5% |
| Amounts receivable within one year | 40/41 | €4,849 | €429 | -€4,420 | -91.2% |
| Trade receivables | 40 | €4,849 | €282 | -€4,567 | -94.2% |
| Other amounts receivable | 41 | - | €147 | +€147 | |
| Current investments | 50/53 | €70,922 | €15,000 | -€55,922 | -78.8% |
| Cash at bank and in hand | 54/58 | €51,418 | €126,520 | +€75,102 | +146.1% |
| Deferred charges and accrued income | 490/1 | €618 | €563 | -€55 | -8.8% |
| Total equity and liabilities | 10/49 | €160,217 | €166,293 | +€6,075 | +3.8% |
| Equity | 10/15 | €155,018 | €163,964 | +€8,946 | +5.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €148,818 | €157,764 | +€8,946 | +6.0% |
| Distributable reserves | 133 | €148,818 | €157,764 | +€8,946 | +6.0% |
| Amounts payable | 17/49 | €5,199 | €2,329 | -€2,870 | -55.2% |
| Amounts payable within one year | 42/48 | €5,199 | €2,329 | -€2,870 | -55.2% |
| Trade debts | 44 | €549 | €10 | -€539 | -98.2% |
| Suppliers | 440/4 | €549 | €10 | -€539 | -98.2% |
| Taxes, remuneration and social security | 45 | €4,028 | €2,042 | -€1,986 | -49.3% |
| Taxes | 450/3 | €4,028 | €2,042 | -€1,986 | -49.3% |
| Other amounts payable | 47/48 | €622 | €277 | -€346 | -55.6% |
| Non-recurring operating income | 76A | €4,959 | - | -€4,959 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,803 | €8,630 | +€3,827 | +79.7% |
| Other operating charges | 640/8 | €1,043 | €921 | -€122 | -11.7% |
| Gross operating margin | 9900 | €28,789 | -€1,829 | -€30,618 | |
| Operating profit (loss) | 9901 | €22,943 | -€11,381 | -€34,323 | |
| Financial income | 75/76B | €1,064 | €24,512 | +€23,448 | +2204.0% |
| Recurring financial income | 75 | €1,064 | €24,512 | +€23,448 | +2204.0% |
| Financial charges | 65/66B | €45 | €45 | +€0 | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | +€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €23,962 | €13,086 | -€10,875 | -45.4% |
| Income taxes | 67/77 | €6,499 | €4,141 | -€2,358 | -36.3% |
| Profit (loss) for the period | 9904 | €17,463 | €8,946 | -€8,517 | -48.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,463 | €8,946 | -€8,517 | -48.8% |
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 9 October 2026 via checked.be.