PRIMAVERA: 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.
PRIMAVERA
Largest movements
- Cash +€281
up €281 (+200528.6%), from €0 to €281
mainly Other debts (+€4,687) and Depreciation (+€233)
- Tangible fixed assets -€233
down €233 (-56.9%), from €410 to €177
- Other debts +€4,687
up €4,687 (+2.8%), from €165,252 to €169,939
- Profit (loss) carried forward -€4,008
down €4,008 (-1.7%), from -€239,728 to -€243,735
- Trade debts -€611
down €611 (-19.1%), from €3,201 to €2,590
- Gross operating margin -€4,759
down €4,759, from €1,381 to -€3,378
- Write-downs -€2,817
no longer reported in 2025 (was €2,817)
- Other operating charges -€100
no longer reported in 2025 (was €100)
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 | €12,855 | €12,884 | +€29 | +0.2% |
| Fixed assets | 21/28 | €410 | €177 | -€233 | -56.9% |
| Tangible fixed assets | 22/27 | €410 | €177 | -€233 | -56.9% |
| Furniture and vehicles | 24 | €410 | €177 | -€233 | -56.9% |
| Current assets | 29/58 | €12,445 | €12,707 | +€262 | +2.1% |
| Stocks and contracts in progress | 3 | €12,301 | €12,301 | = | 0.0% |
| Stocks | 30/36 | €12,301 | €12,301 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €144 | €125 | -€19 | -13.0% |
| Other amounts receivable | 41 | €144 | €125 | -€19 | -13.0% |
| Cash at bank and in hand | 54/58 | €0 | €281 | +€281 | +200528.6% |
| Total equity and liabilities | 10/49 | €12,855 | €12,884 | +€29 | +0.2% |
| Equity | 10/15 | -€155,637 | -€159,645 | -€4,008 | -2.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €22,091 | €22,091 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,145 | €4,145 | = | 0.0% |
| Distributable reserves | 133 | €14,847 | €14,847 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€239,728 | -€243,735 | -€4,008 | -1.7% |
| Amounts payable | 17/49 | €168,492 | €172,529 | +€4,037 | +2.4% |
| Amounts payable within one year | 42/48 | €168,492 | €172,529 | +€4,037 | +2.4% |
| Financial debts | 43 | €39 | - | -€39 | |
| Credit institutions | 430/8 | €39 | - | -€39 | |
| Trade debts | 44 | €3,201 | €2,590 | -€611 | -19.1% |
| Suppliers | 440/4 | €3,201 | €2,590 | -€611 | -19.1% |
| Other amounts payable | 47/48 | €165,252 | €169,939 | +€4,687 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €233 | €233 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,817 | - | -€2,817 | |
| Other operating charges | 640/8 | €100 | - | -€100 | |
| Gross operating margin | 9900 | €1,381 | -€3,378 | -€4,759 | |
| Operating profit (loss) | 9901 | -€1,769 | -€3,612 | -€1,843 | -104.2% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €423 | €396 | -€27 | -6.4% |
| Recurring financial charges | 65 | €423 | €396 | -€27 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,190 | -€4,008 | -€1,818 | -83.0% |
| Profit (loss) for the period | 9904 | -€2,190 | -€4,008 | -€1,818 | -83.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,190 | -€4,008 | -€1,818 | -83.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.