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 -€81,882
down €81,882 (-85.5%), from €95,744 to €13,861
of which Trade receivables: -€81,926
- Tangible fixed assets -€25,845
down €25,845 (-7.4%), from €347,445 to €321,600
of which Land and buildings: -€22,523
- Stocks and contracts -€7,500
down €7,500 (-25.0%), from €30,000 to €22,500
- Profit (loss) carried forward -€51,984
down €51,984 (-61.7%), from -€84,197 to -€136,181
- Other debts -€43,994
down €43,994 (-28.3%), from €155,551 to €111,557
- Debts after one year -€32,484
down €32,484 (-12.9%), from €252,286 to €219,802
- Trade debts +€7,898
up €7,898 (+30.6%), from €25,781 to €33,680
- Gross operating margin -€60,844
down €60,844 (-74.0%), from €82,185 to €21,341
- Depreciation -€19,468
down €19,468 (-41.3%), from €47,123 to €27,655
- Staff costs +€4,468
up €4,468 (+14.1%), from €31,603 to €36,071
- Financial charges -€1,842
down €1,842 (-20.4%), from €9,016 to €7,174
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 | €480,148 | €361,817 | -€118,331 | -24.6% |
| Fixed assets | 21/28 | €347,600 | €321,755 | -€25,845 | -7.4% |
| Tangible fixed assets | 22/27 | €347,445 | €321,600 | -€25,845 | -7.4% |
| Land and buildings | 22 | €333,801 | €311,278 | -€22,523 | -6.7% |
| Plant, machinery and equipment | 23 | €13,645 | €10,322 | -€3,322 | -24.3% |
| Financial fixed assets | 28 | €155 | €155 | = | 0.0% |
| Current assets | 29/58 | €132,548 | €40,062 | -€92,486 | -69.8% |
| Stocks and contracts in progress | 3 | €30,000 | €22,500 | -€7,500 | -25.0% |
| Stocks | 30/36 | €30,000 | €22,500 | -€7,500 | -25.0% |
| Amounts receivable within one year | 40/41 | €95,744 | €13,861 | -€81,882 | -85.5% |
| Trade receivables | 40 | €91,828 | €9,902 | -€81,926 | -89.2% |
| Other amounts receivable | 41 | €3,916 | €3,959 | +€43 | +1.1% |
| Cash at bank and in hand | 54/58 | €1,483 | €531 | -€952 | -64.2% |
| Deferred charges and accrued income | 490/1 | €5,321 | €3,169 | -€2,152 | -40.4% |
| Total equity and liabilities | 10/49 | €480,148 | €361,817 | -€118,331 | -24.6% |
| Equity | 10/15 | -€24,498 | -€76,482 | -€51,984 | -212% |
| Contributions | 10/11 | €53,797 | €53,797 | = | 0.0% |
| Reserves | 13 | €5,901 | €5,901 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,809 | €2,809 | = | 0.0% |
| Distributable reserves | 133 | €1,233 | €1,233 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€84,197 | -€136,181 | -€51,984 | -61.7% |
| Amounts payable | 17/49 | €504,646 | €438,299 | -€66,348 | -13.1% |
| Amounts payable after more than one year | 17 | €252,286 | €219,802 | -€32,484 | -12.9% |
| Financial debts | 170/4 | €252,286 | €219,802 | -€32,484 | -12.9% |
| Amounts payable within one year | 42/48 | €251,662 | €218,388 | -€33,273 | -13.2% |
| Current portion of amounts payable after more than one year | 42 | €32,329 | €32,484 | +€155 | +0.5% |
| Financial debts | 43 | €28,225 | €29,366 | +€1,141 | +4.0% |
| Credit institutions | 430/8 | €28,225 | €29,366 | +€1,141 | +4.0% |
| Trade debts | 44 | €25,781 | €33,680 | +€7,898 | +30.6% |
| Suppliers | 440/4 | €25,781 | €33,680 | +€7,898 | +30.6% |
| Taxes, remuneration and social security | 45 | €9,775 | €11,301 | +€1,526 | +15.6% |
| Taxes | 450/3 | €4,089 | €3,220 | -€869 | -21.2% |
| Remuneration and social security | 454/9 | €5,686 | €8,081 | +€2,395 | +42.1% |
| Other amounts payable | 47/48 | €155,551 | €111,557 | -€43,994 | -28.3% |
| Accrued charges and deferred income | 492/3 | €698 | €108 | -€590 | -84.5% |
| Non-recurring operating income | 76A | €5,550 | €0 | -€5,550 | -100% |
| Remuneration, social security and pensions | 62 | €31,603 | €36,071 | +€4,468 | +14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,123 | €27,655 | -€19,468 | -41.3% |
| Other operating charges | 640/8 | €1,777 | €2,460 | +€683 | +38.5% |
| Gross operating margin | 9900 | €82,185 | €21,341 | -€60,844 | -74.0% |
| Operating profit (loss) | 9901 | €1,682 | -€44,846 | -€46,527 | |
| Financial income | 75/76B | €70 | €35 | -€35 | -49.9% |
| Recurring financial income | 75 | €70 | €35 | -€35 | -49.9% |
| Financial charges | 65/66B | €9,016 | €7,174 | -€1,842 | -20.4% |
| Recurring financial charges | 65 | €9,016 | €7,174 | -€1,842 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,264 | -€51,984 | -€44,720 | -616% |
| Profit (loss) for the period | 9904 | -€7,264 | -€51,984 | -€44,720 | -616% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,264 | -€51,984 | -€44,720 | -616% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.