Primavera: 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.
Primavera
Largest movements
- Receivables within one year +€21,899
up €21,899 (+64.0%), from €34,202 to €56,100
of which Trade receivables: +€11,292
- Stocks and contracts +€4,588
up €4,588 (+155%), from €2,960 to €7,548
- Cash +€1,881
up €1,881 (+3.4%), from €55,807 to €57,688
mainly Net result for the year (+€13,764) and Trade debts (+€10,949)
- Reserves +€13,500
up €13,500 (+20.7%), from €65,156 to €78,656
- Trade debts +€10,949
up €10,949 (+127%), from €8,653 to €19,602
- Tax, wage and social debts +€3,198
up €3,198 (+119%), from €2,689 to €5,888
of which Remuneration and social security: +€2,700
- Gross operating margin +€17,431
up €17,431 (+549%), from €3,174 to €20,605
- Financial income -€15,874
down €15,874 (-99.6%), from €15,934 to €60
- Other operating charges -€720
down €720 (-25.4%), from €2,841 to €2,120
- Financial charges +€435
up €435 (+21.0%), from €2,065 to €2,500
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.
Derived cash bridge
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 | €95,119 | €123,851 | +€28,732 | +30.2% |
| Fixed assets | 21/28 | €2,151 | €2,515 | +€364 | +16.9% |
| Tangible fixed assets | 22/27 | €1,951 | €2,315 | +€364 | +18.7% |
| Plant, machinery and equipment | 23 | €1,951 | €2,315 | +€364 | +18.7% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €92,968 | €121,336 | +€28,367 | +30.5% |
| Stocks and contracts in progress | 3 | €2,960 | €7,548 | +€4,588 | +155% |
| Stocks | 30/36 | €2,960 | €7,548 | +€4,588 | +155% |
| Amounts receivable within one year | 40/41 | €34,202 | €56,100 | +€21,899 | +64.0% |
| Trade receivables | 40 | €2,993 | €14,285 | +€11,292 | +377% |
| Other amounts receivable | 41 | €31,209 | €41,815 | +€10,607 | +34.0% |
| Cash at bank and in hand | 54/58 | €55,807 | €57,688 | +€1,881 | +3.4% |
| Total equity and liabilities | 10/49 | €95,119 | €123,851 | +€28,732 | +30.2% |
| Equity | 10/15 | €83,777 | €97,541 | +€13,764 | +16.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €65,156 | €78,656 | +€13,500 | +20.7% |
| Distributable reserves | 133 | €65,156 | €78,656 | +€13,500 | +20.7% |
| Profit (loss) carried forward | 14 | €29 | €293 | +€264 | +917% |
| Amounts payable | 17/49 | €11,342 | €26,310 | +€14,968 | +132% |
| Amounts payable within one year | 42/48 | €11,342 | €25,489 | +€14,147 | +125% |
| Trade debts | 44 | €8,653 | €19,602 | +€10,949 | +127% |
| Suppliers | 440/4 | €8,653 | €19,602 | +€10,949 | +127% |
| Taxes, remuneration and social security | 45 | €2,689 | €5,888 | +€3,198 | +119% |
| Taxes | 450/3 | €2,689 | €3,188 | +€498 | +18.5% |
| Remuneration and social security | 454/9 | - | €2,700 | +€2,700 | |
| Accrued charges and deferred income | 492/3 | - | €821 | +€821 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €973 | €931 | -€42 | -4.3% |
| Other operating charges | 640/8 | €2,841 | €2,120 | -€720 | -25.4% |
| Gross operating margin | 9900 | €3,174 | €20,605 | +€17,431 | +549% |
| Operating profit (loss) | 9901 | -€640 | €17,554 | +€18,194 | |
| Financial income | 75/76B | €15,934 | €60 | -€15,874 | -99.6% |
| Recurring financial income | 75 | €15,934 | €60 | -€15,874 | -99.6% |
| Financial charges | 65/66B | €2,065 | €2,500 | +€435 | +21.0% |
| Recurring financial charges | 65 | €2,065 | €2,500 | +€435 | +21.0% |
| Profit (loss) for the period before taxes | 9903 | €13,229 | €15,114 | +€1,885 | +14.3% |
| Income taxes | 67/77 | €1,200 | €1,350 | +€150 | +12.5% |
| Profit (loss) for the period | 9904 | €12,029 | €13,764 | +€1,735 | +14.4% |
| Profit (loss) for the period to be appropriated | 9905 | €12,029 | €13,764 | +€1,735 | +14.4% |
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 13 October 2026 via checked.be.