Primax power: 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.
Primax power
Largest movements
- Intangible fixed assets +€133,889
up €133,889 (+85.8%), from €156,029 to €289,918
- Cash -€119,290
down €119,290 (-26.3%), from €452,800 to €333,509
mainly Investment in fixed assets (net) (-€235,494) and Receivables within one year (-€40,487)
- Receivables within one year +€40,487
up €40,487 (+20.4%), from €198,607 to €239,093
of which Other amounts receivable: +€47,337
- Stocks and contracts -€10,000
down €10,000 (-28.6%), from €35,000 to €25,000
- Tax, wage and social debts +€46,871
up €46,871 (+9.0%), from €521,269 to €568,140
of which Taxes: +€35,876
- Trade debts -€39,995
down €39,995 (-22.2%), from €180,416 to €140,421
- Profit (loss) carried forward +€18,205
up €18,205 (+48.1%), from €37,816 to €56,022
- Other debts +€12,559
up €12,559 (+38.2%), from €32,840 to €45,399
- Depreciation +€50,069
up €50,069 (+84.9%), from €58,948 to €109,017
- Gross operating margin +€36,006
up €36,006 (+16.5%), from €217,704 to €253,711
- Taxes -€10,566
down €10,566 (-58.2%), from €18,142 to €7,576
- Staff costs -€6,317
down €6,317 (-5.0%), from €125,130 to €118,813
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 | €872,342 | €909,983 | +€37,641 | +4.3% |
| Fixed assets | 21/28 | €185,903 | €312,380 | +€126,477 | +68.0% |
| Intangible fixed assets | 21 | €156,029 | €289,918 | +€133,889 | +85.8% |
| Tangible fixed assets | 22/27 | €29,874 | €22,462 | -€7,412 | -24.8% |
| Plant, machinery and equipment | 23 | €8,716 | €6,554 | -€2,162 | -24.8% |
| Furniture and vehicles | 24 | €20,358 | €15,908 | -€4,450 | -21.9% |
| Other tangible fixed assets | 26 | €800 | €0 | -€800 | -100% |
| Current assets | 29/58 | €686,439 | €597,603 | -€88,836 | -12.9% |
| Stocks and contracts in progress | 3 | €35,000 | €25,000 | -€10,000 | -28.6% |
| Stocks | 30/36 | €35,000 | €25,000 | -€10,000 | -28.6% |
| Amounts receivable within one year | 40/41 | €198,607 | €239,093 | +€40,487 | +20.4% |
| Trade receivables | 40 | €16,592 | €9,742 | -€6,851 | -41.3% |
| Other amounts receivable | 41 | €182,014 | €229,352 | +€47,337 | +26.0% |
| Cash at bank and in hand | 54/58 | €452,800 | €333,509 | -€119,290 | -26.3% |
| Deferred charges and accrued income | 490/1 | €33 | €0 | -€33 | -100% |
| Total equity and liabilities | 10/49 | €872,342 | €909,983 | +€37,641 | +4.3% |
| Equity | 10/15 | €137,816 | €156,022 | +€18,205 | +13.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,816 | €56,022 | +€18,205 | +48.1% |
| Amounts payable | 17/49 | €734,526 | €753,961 | +€19,435 | +2.6% |
| Amounts payable within one year | 42/48 | €734,526 | €753,961 | +€19,435 | +2.6% |
| Trade debts | 44 | €180,416 | €140,421 | -€39,995 | -22.2% |
| Suppliers | 440/4 | €180,416 | €140,421 | -€39,995 | -22.2% |
| Taxes, remuneration and social security | 45 | €521,269 | €568,140 | +€46,871 | +9.0% |
| Taxes | 450/3 | €490,493 | €526,369 | +€35,876 | +7.3% |
| Remuneration and social security | 454/9 | €30,777 | €41,772 | +€10,995 | +35.7% |
| Other amounts payable | 47/48 | €32,840 | €45,399 | +€12,559 | +38.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €125,130 | €118,813 | -€6,317 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,948 | €109,017 | +€50,069 | +84.9% |
| Other operating charges | 640/8 | €80 | €100 | +€20 | +25.0% |
| Gross operating margin | 9900 | €217,704 | €253,711 | +€36,006 | +16.5% |
| Operating profit (loss) | 9901 | €33,547 | €25,781 | -€7,765 | -23.1% |
| Financial charges | 65/66B | €10 | €0 | -€10 | -100% |
| Recurring financial charges | 65 | €10 | €0 | -€10 | -100% |
| Profit (loss) for the period before taxes | 9903 | €33,537 | €25,781 | -€7,755 | -23.1% |
| Income taxes | 67/77 | €18,142 | €7,576 | -€10,566 | -58.2% |
| Profit (loss) for the period | 9904 | €15,394 | €18,205 | +€2,811 | +18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,394 | €18,205 | +€2,811 | +18.3% |
Source: filed annual accounts (NBB), financial years ended 30 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.