PRIMATO: 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
PRIMATO
NACE 01.130, Growing of vegetables, melons, roots and tubers
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.6m
2024 · €5.5m-€2.9m
Equity
€31.4m
2024 · €33.0m-€1.6m
Cash
€3.1m
2024 · €528,629+€2.6m
Balance sheet total
€39.4m
2024 · €42.0m-€2.6m
Largest movements
Assets
- Current investments -€6.0m
down €6.0m (-70.7%), from €8.5m to €2.5m
- Cash +€2.6m
up €2.6m (+488.1%), from €528,629 to €3.1m
mainly Current investments (+€6.0m) and Net result for the year (+€2.6m)
- Receivables after one year +€2.3m
up €2.3m (+21.6%), from €10.6m to €12.9m
- Receivables within one year -€1.1m
down €1.1m (-17.5%), from €6.4m to €5.3m
of which Trade receivables: -€1.3m
- Tangible fixed assets -€542,005
down €542,005 (-3.4%), from €15.9m to €15.3m
of which Plant, machinery and equipment: -€606,358
Equity and liabilities
- Reserves -€1.6m
down €1.6m (-5.1%), from €31.3m to €29.7m
of which Distributable reserves: -€1.6m
- Debts after one year -€1.1m
down €1.1m (-20.1%), from €5.6m to €4.5m
of which Financial debts: -€1.1m
Income statement
- Turnover -€1.6m
down €1.6m (-8.3%), from €19.5m to €17.9m
- Taxes -€963,053
down €963,053 (-51.7%), from €1.9m to €900,573
- Goods and materials +€881,015
up €881,015 (+16.4%), from €5.4m to €6.3m
of which Purchases: +€933,167
- Services and other goods +€606,795
up €606,795 (+30.4%), from €2.0m to €2.6m
- Staff costs +€578,949
up €578,949 (+15.3%), from €3.8m to €4.4m
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
€5.5m
Turnover
-€1.6m
Other operating income
-€195,660
Goods and materials
-€881,015
Services and other goods
-€606,795
Staff costs
-€578,949
Depreciation
-€14,476
Other operating charges
+€7,635
Other operating items
-€13,894
Financial income
+€17,318
Financial charges
+€6,277
Taxes
+€963,053
Result 2025
€2.6m
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
+€3.2m
Investment
+€4.7m
Financing
-€5.4m
Cash 2024
€528,629
From operations (derived)
+€3.2m
Net result for the year
+€2.6m
Depreciation
+€1.8m
Receivables after one year
-€2.3m
Smaller working-capital items
-€15,938
Receivables within one year
+€1.1m
Deferred charges and accrued income
-€182,827
Tax, wage and social debts
+€110,622
Other debts
+€36,048
Accrued charges and deferred income
-€26,154
Investment (derived)
+€4.7m
Investment in fixed assets (net)
-€1.3m
Current investments
+€6.0m
Financing
-€5.4m
Debts after one year
-€1.1m
Contributions, distributions and other
-€4.2m
Cash 2025
€3.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €42,044,050 | €39,419,649 | -€2.6m | -6.2% |
| Fixed assets | 21/28 | €15,854,430 | €15,315,025 | -€539,405 | -3.4% |
| Tangible fixed assets | 22/27 | €15,852,889 | €15,310,884 | -€542,005 | -3.4% |
| Land and buildings | 22 | €8,666,584 | €8,750,149 | +€83,565 | +1.0% |
| Plant, machinery and equipment | 23 | €4,820,265 | €4,213,907 | -€606,358 | -12.6% |
| Furniture and vehicles | 24 | €386,448 | €430,220 | +€43,772 | +11.3% |
| Other tangible fixed assets | 26 | €1,979,592 | €1,916,608 | -€62,984 | -3.2% |
| Financial fixed assets | 28 | €1,541 | €4,141 | +€2,600 | +168.7% |
| Affiliated companies | 280/1 | - | €2,600 | +€2,600 | |
| Participating interests | 280 | - | €2,600 | +€2,600 | |
| Other financial fixed assets | 284/8 | €1,541 | €1,541 | = | 0.0% |
| Shares | 284 | €1,365 | €1,365 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €176 | €176 | = | 0.0% |
| Current assets | 29/58 | €26,189,621 | €24,104,624 | -€2.1m | -8.0% |
| Amounts receivable after more than one year | 29 | €10,572,723 | €12,856,713 | +€2.3m | +21.6% |
| Other amounts receivable | 291 | €10,572,723 | €12,856,713 | +€2.3m | +21.6% |
| Stocks and contracts in progress | 3 | €39,366 | €52,899 | +€13,533 | +34.4% |
| Stocks | 30/36 | €39,366 | €52,899 | +€13,533 | +34.4% |
| Raw materials and consumables | 30/31 | €39,366 | €52,899 | +€13,533 | +34.4% |
| Amounts receivable within one year | 40/41 | €6,368,647 | €5,256,081 | -€1.1m | -17.5% |
| Trade receivables | 40 | €2,807,781 | €1,521,733 | -€1.3m | -45.8% |
| Other amounts receivable | 41 | €3,560,867 | €3,734,348 | +€173,482 | +4.9% |
| Current investments | 50/53 | €8,533,000 | €2,500,000 | -€6.0m | -70.7% |
| Other investments | 51/53 | €8,533,000 | €2,500,000 | -€6.0m | -70.7% |
| Cash at bank and in hand | 54/58 | €528,629 | €3,108,849 | +€2.6m | +488.1% |
| Deferred charges and accrued income | 490/1 | €147,255 | €330,082 | +€182,827 | +124.2% |
| Total equity and liabilities | 10/49 | €42,044,050 | €39,419,649 | -€2.6m | -6.2% |
| Equity | 10/15 | €33,018,359 | €31,408,775 | -€1.6m | -4.9% |
| Contributions | 10/11 | €1,708,339 | €1,708,339 | = | 0.0% |
| Reserves | 13 | €31,310,020 | €29,700,436 | -€1.6m | -5.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €31,310,020 | €29,700,436 | -€1.6m | -5.1% |
| Amounts payable | 17/49 | €9,025,691 | €8,010,874 | -€1.0m | -11.2% |
| Amounts payable after more than one year | 17 | €5,633,333 | €4,500,404 | -€1.1m | -20.1% |
| Financial debts | 170/4 | €5,633,333 | €4,500,000 | -€1.1m | -20.1% |
| Credit institutions | 173 | €5,633,333 | €4,500,000 | -€1.1m | -20.1% |
| Other amounts payable | 178/9 | - | €404 | +€404 | |
| Amounts payable within one year | 42/48 | €3,366,204 | €3,510,470 | +€144,266 | +4.3% |
| Current portion of amounts payable after more than one year | 42 | €1,133,333 | €1,133,333 | = | 0.0% |
| Trade debts | 44 | €1,672,598 | €1,670,193 | -€2,405 | -0.1% |
| Suppliers | 440/4 | €1,672,598 | €1,670,193 | -€2,405 | -0.1% |
| Taxes, remuneration and social security | 45 | €560,273 | €670,895 | +€110,622 | +19.7% |
| Taxes | 450/3 | €201,455 | €200,877 | -€578 | -0.3% |
| Remuneration and social security | 454/9 | €358,818 | €470,018 | +€111,200 | +31.0% |
| Other amounts payable | 47/48 | €0 | €36,048 | +€36,048 | |
| Accrued charges and deferred income | 492/3 | €26,154 | €0 | -€26,154 | -100.0% |
| Operating income | 70/76A | €20,207,867 | €18,545,900 | -€1.7m | -8.2% |
| Turnover | 70 | €19,535,119 | €17,915,744 | -€1.6m | -8.3% |
| Other operating income | 74 | €656,673 | €461,012 | -€195,660 | -29.8% |
| Non-recurring operating income | 76A | €16,075 | €169,144 | +€153,069 | +952.2% |
| Operating charges | 60/66A | €13,051,527 | €15,292,090 | +€2.2m | +17.2% |
| Goods for resale, raw materials and consumables | 60 | €5,385,405 | €6,266,420 | +€881,015 | +16.4% |
| Purchases | 600/8 | €5,346,786 | €6,279,953 | +€933,167 | +17.5% |
| Change in stocks: decrease (increase) | 609 | €38,619 | -€13,533 | -€52,152 | |
| Services and other goods | 61 | €1,997,390 | €2,604,184 | +€606,795 | +30.4% |
| Remuneration, social security and pensions | 62 | €3,771,949 | €4,350,898 | +€578,949 | +15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,808,251 | €1,822,727 | +€14,476 | +0.8% |
| Other operating charges | 640/8 | €87,318 | €79,683 | -€7,635 | -8.7% |
| Non-recurring operating charges | 66A | €1,215 | €168,178 | +€166,963 | +13743.2% |
| Operating profit (loss) | 9901 | €7,156,339 | €3,253,810 | -€3.9m | -54.5% |
| Financial income | 75/76B | €402,011 | €419,328 | +€17,318 | +4.3% |
| Recurring financial income | 75 | €399,299 | €419,328 | +€20,030 | +5.0% |
| Income from financial fixed assets | 750 | €0 | - | = | |
| Income from current assets | 751 | €380,218 | €381,810 | +€1,593 | +0.4% |
| Other financial income | 752/9 | €19,081 | €37,518 | +€18,437 | +96.6% |
| Non-recurring financial income | 76B | €2,712 | €0 | -€2,712 | -100.0% |
| Financial charges | 65/66B | €160,074 | €153,797 | -€6,277 | -3.9% |
| Recurring financial charges | 65 | €158,464 | €153,797 | -€4,667 | -2.9% |
| Debt charges | 650 | €155,844 | €152,691 | -€3,153 | -2.0% |
| Other financial charges | 652/9 | €2,620 | €1,106 | -€1,514 | -57.8% |
| Non-recurring financial charges | 66B | €1,610 | €0 | -€1,610 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €7,398,276 | €3,519,341 | -€3.9m | -52.4% |
| Income taxes | 67/77 | €1,863,626 | €900,573 | -€963,053 | -51.7% |
| Taxes | 670/3 | €1,863,626 | €900,573 | -€963,053 | -51.7% |
| Profit (loss) for the period | 9904 | €5,534,650 | €2,618,768 | -€2.9m | -52.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,534,650 | €2,618,768 | -€2.9m | -52.7% |
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.