PRIMASERRA: 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.
PRIMASERRA
Largest movements
- Current investments +€132,300
up €132,300 (+220.5%), from €60,000 to €192,300
- Cash -€52,132
down €52,132 (-94.2%), from €55,361 to €3,229
mainly Current investments (-€132,300) and Investment in fixed assets (net) (-€24,000)
- Financial fixed assets +€24,000
up €24,000 (+64.4%), from €37,279 to €61,279
- Tangible fixed assets -€17,856
down €17,856 (-44.7%), from €39,975 to €22,119
- Receivables within one year +€8,793
up €8,793 (+36.5%), from €24,090 to €32,883
- Reserves +€82,960
new in 2025: €82,960
- Tax, wage and social debts +€12,567
up €12,567 (+29.5%), from €42,623 to €55,190
of which Taxes: +€11,922
- Taxes +€11,127
up €11,127 (+44.6%), from €24,946 to €36,074
- Gross operating margin +€7,826
up €7,826 (+6.2%), from €125,437 to €133,262
- Depreciation +€4,611
up €4,611 (+34.8%), from €13,245 to €17,856
- Financial income +€3,145
up €3,145 (+504.7%), from €623 to €3,768
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 | €217,608 | €311,851 | +€94,243 | +43.3% |
| Fixed assets | 21/28 | €77,254 | €83,398 | +€6,144 | +8.0% |
| Tangible fixed assets | 22/27 | €39,975 | €22,119 | -€17,856 | -44.7% |
| Furniture and vehicles | 24 | €39,975 | €22,119 | -€17,856 | -44.7% |
| Financial fixed assets | 28 | €37,279 | €61,279 | +€24,000 | +64.4% |
| Current assets | 29/58 | €140,354 | €228,453 | +€88,099 | +62.8% |
| Amounts receivable within one year | 40/41 | €24,090 | €32,883 | +€8,793 | +36.5% |
| Trade receivables | 40 | €24,090 | €32,883 | +€8,793 | +36.5% |
| Current investments | 50/53 | €60,000 | €192,300 | +€132,300 | +220.5% |
| Cash at bank and in hand | 54/58 | €55,361 | €3,229 | -€52,132 | -94.2% |
| Deferred charges and accrued income | 490/1 | €904 | €41 | -€863 | -95.4% |
| Total equity and liabilities | 10/49 | €217,608 | €311,851 | +€94,243 | +43.3% |
| Equity | 10/15 | €170,798 | €253,758 | +€82,960 | +48.6% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | - | €82,960 | +€82,960 | |
| Distributable reserves | 133 | - | €82,960 | +€82,960 | |
| Profit (loss) carried forward | 14 | €170,298 | €170,298 | = | 0.0% |
| Amounts payable | 17/49 | €46,810 | €58,093 | +€11,283 | +24.1% |
| Amounts payable within one year | 42/48 | €46,810 | €58,093 | +€11,283 | +24.1% |
| Trade debts | 44 | €1,053 | €2,731 | +€1,678 | +159.3% |
| Suppliers | 440/4 | €1,053 | €2,731 | +€1,678 | +159.3% |
| Taxes, remuneration and social security | 45 | €42,623 | €55,190 | +€12,567 | +29.5% |
| Taxes | 450/3 | €37,238 | €49,160 | +€11,922 | +32.0% |
| Remuneration and social security | 454/9 | €5,385 | €6,030 | +€645 | +12.0% |
| Other amounts payable | 47/48 | €3,134 | €171 | -€2,963 | -94.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,245 | €17,856 | +€4,611 | +34.8% |
| Gross operating margin | 9900 | €125,437 | €133,262 | +€7,826 | +6.2% |
| Operating profit (loss) | 9901 | €112,192 | €115,407 | +€3,215 | +2.9% |
| Financial income | 75/76B | €623 | €3,768 | +€3,145 | +504.7% |
| Recurring financial income | 75 | €623 | €3,768 | +€3,145 | +504.7% |
| Financial charges | 65/66B | €418 | €141 | -€278 | -66.4% |
| Recurring financial charges | 65 | €418 | €141 | -€278 | -66.4% |
| Profit (loss) for the period before taxes | 9903 | €112,397 | €119,034 | +€6,637 | +5.9% |
| Income taxes | 67/77 | €24,946 | €36,074 | +€11,127 | +44.6% |
| Profit (loss) for the period | 9904 | €87,450 | €82,960 | -€4,490 | -5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €87,450 | €82,960 | -€4,490 | -5.1% |
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.