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
- Cash +€93,156
up €93,156 (+79.0%), from €117,873 to €211,029
- Receivables within one year -€37,074
down €37,074 (-80.3%), from €46,148 to €9,074
of which Trade receivables: -€46,148
- Intangible fixed assets -€34,703
down €34,703 (-39.7%), from €87,399 to €52,696
- Tangible fixed assets -€20,070
down €20,070 (-33.5%), from €59,918 to €39,848
of which Land and buildings: -€11,106
- Current portion of long-term debt -€48,589
down €48,589 (-87.2%), from €55,691 to €7,102
- Trade debts +€31,336
up €31,336 (+124%), from €25,216 to €56,552
- Profit (loss) carried forward +€18,519
up €18,519 (+11.4%), from €161,983 to €180,502
- Debts after one year -€16,079
no longer reported in 2024 (was €16,079)
- Other debts +€8,763
up €8,763 (+62.3%), from €14,058 to €22,820
- Gross operating margin -€20,072
down €20,072 (-11.8%), from €170,626 to €150,554
- Taxes -€11,666
down €11,666 (-76.9%), from €15,166 to €3,500
- Other operating charges +€2,541
up €2,541 (+61.5%), from €4,134 to €6,675
From the 2022 result to the 2024 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €322,818 | €324,622 | +€1,804 | +0.6% |
| Fixed assets | 21/28 | €147,317 | €92,544 | -€54,773 | -37.2% |
| Intangible fixed assets | 21 | €87,399 | €52,696 | -€34,703 | -39.7% |
| Tangible fixed assets | 22/27 | €59,918 | €39,848 | -€20,070 | -33.5% |
| Land and buildings | 22 | €46,732 | €35,627 | -€11,106 | -23.8% |
| Furniture and vehicles | 24 | €12,662 | €4,221 | -€8,442 | -66.7% |
| Leasing and similar rights | 25 | €523 | - | -€523 | |
| Current assets | 29/58 | €175,500 | €232,077 | +€56,577 | +32.2% |
| Stocks and contracts in progress | 3 | €11,480 | €11,974 | +€495 | +4.3% |
| Stocks | 30/36 | €11,480 | €11,974 | +€495 | +4.3% |
| Amounts receivable within one year | 40/41 | €46,148 | €9,074 | -€37,074 | -80.3% |
| Trade receivables | 40 | €46,148 | - | -€46,148 | |
| Other amounts receivable | 41 | - | €9,074 | +€9,074 | |
| Cash at bank and in hand | 54/58 | €117,873 | €211,029 | +€93,156 | +79.0% |
| Total equity and liabilities | 10/49 | €322,818 | €324,622 | +€1,804 | +0.6% |
| Equity | 10/15 | €170,443 | €188,962 | +€18,519 | +10.9% |
| Contributions | 10/11 | €6,600 | €6,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €161,983 | €180,502 | +€18,519 | +11.4% |
| Amounts payable | 17/49 | €152,375 | €135,660 | -€16,716 | -11.0% |
| Amounts payable after more than one year | 17 | €16,079 | - | -€16,079 | |
| Financial debts | 170/4 | €16,079 | - | -€16,079 | |
| Amounts payable within one year | 42/48 | €136,296 | €135,660 | -€636 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €55,691 | €7,102 | -€48,589 | -87.2% |
| Trade debts | 44 | €25,216 | €56,552 | +€31,336 | +124% |
| Suppliers | 440/4 | €25,216 | €56,552 | +€31,336 | +124% |
| Taxes, remuneration and social security | 45 | €41,331 | €49,186 | +€7,854 | +19.0% |
| Taxes | 450/3 | €24,090 | €45,981 | +€21,891 | +90.9% |
| Remuneration and social security | 454/9 | €17,241 | €3,205 | -€14,036 | -81.4% |
| Other amounts payable | 47/48 | €14,058 | €22,820 | +€8,763 | +62.3% |
| Remuneration, social security and pensions | 62 | €91,682 | €90,064 | -€1,618 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,204 | €28,068 | +€865 | +3.2% |
| Other operating charges | 640/8 | €4,134 | €6,675 | +€2,541 | +61.5% |
| Gross operating margin | 9900 | €170,626 | €150,554 | -€20,072 | -11.8% |
| Operating profit (loss) | 9901 | €47,607 | €25,748 | -€21,860 | -45.9% |
| Financial income | 75/76B | €0 | €220 | +€220 | +1,097,950% |
| Recurring financial income | 75 | €0 | €220 | +€220 | +1,097,950% |
| Financial charges | 65/66B | €1,715 | €799 | -€915 | -53.4% |
| Recurring financial charges | 65 | €1,715 | €799 | -€915 | -53.4% |
| Profit (loss) for the period before taxes | 9903 | €45,893 | €25,168 | -€20,725 | -45.2% |
| Income taxes | 67/77 | €15,166 | €3,500 | -€11,666 | -76.9% |
| Profit (loss) for the period | 9904 | €30,727 | €21,668 | -€9,059 | -29.5% |
| Profit (loss) for the period to be appropriated | 9905 | €30,727 | €21,668 | -€9,059 | -29.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.