PRIMCO: 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.
PRIMCO
Largest movements
- Receivables within one year +€37,729
up €37,729 (+12.7%), from €296,764 to €334,493
of which Other amounts receivable: +€38,046
- Deferred charges and accrued income -€6,319
down €6,319 (-21.6%), from €29,240 to €22,921
- Other debts +€25,000
up €25,000, from €0 to €25,000
- Reserves +€19,468
up €19,468 (+764.2%), from €2,547 to €22,015
- Debts after one year -€11,700
down €11,700 (-50.4%), from €23,200 to €11,500
- Trade debts -€4,485
down €4,485 (-43.4%), from €10,336 to €5,852
- Gross operating margin -€11,344
down €11,344 (-15.5%), from €73,201 to €61,857
- Financial charges +€4,390
up €4,390 (+67.8%), from €6,477 to €10,866
- Depreciation +€2,540
up €2,540 (+51.3%), from €4,950 to €7,490
- Financial income +€1,766
up €1,766 (+11.5%), from €15,294 to €17,061
- Taxes -€1,449
down €1,449 (-8.4%), from €17,336 to €15,887
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 | €415,705 | €445,414 | +€29,709 | +7.1% |
| Fixed assets | 21/28 | €89,645 | €87,866 | -€1,779 | -2.0% |
| Tangible fixed assets | 22/27 | €64,645 | €62,866 | -€1,779 | -2.8% |
| Land and buildings | 22 | €3,193 | €1,010 | -€2,183 | -68.4% |
| Plant, machinery and equipment | 23 | €1,336 | €739 | -€597 | -44.7% |
| Furniture and vehicles | 24 | €60,116 | €61,117 | +€1,001 | +1.7% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €326,060 | €357,548 | +€31,488 | +9.7% |
| Amounts receivable within one year | 40/41 | €296,764 | €334,493 | +€37,729 | +12.7% |
| Trade receivables | 40 | €917 | €600 | -€317 | -34.6% |
| Other amounts receivable | 41 | €295,846 | €333,893 | +€38,046 | +12.9% |
| Cash at bank and in hand | 54/58 | €56 | €134 | +€78 | +140.1% |
| Deferred charges and accrued income | 490/1 | €29,240 | €22,921 | -€6,319 | -21.6% |
| Total equity and liabilities | 10/49 | €415,705 | €445,414 | +€29,709 | +7.1% |
| Equity | 10/15 | €304,192 | €322,015 | +€17,824 | +5.9% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €2,547 | €22,015 | +€19,468 | +764.2% |
| Distributable reserves | 133 | €2,547 | €22,015 | +€19,468 | +764.2% |
| Profit (loss) carried forward | 14 | €1,644 | €0 | -€1,644 | -100.0% |
| Amounts payable | 17/49 | €111,513 | €123,398 | +€11,885 | +10.7% |
| Amounts payable after more than one year | 17 | €23,200 | €11,500 | -€11,700 | -50.4% |
| Financial debts | 170/4 | €23,200 | €11,500 | -€11,700 | -50.4% |
| Amounts payable within one year | 42/48 | €88,121 | €111,238 | +€23,117 | +26.2% |
| Current portion of amounts payable after more than one year | 42 | €14,536 | €15,864 | +€1,328 | +9.1% |
| Financial debts | 43 | €52,375 | €53,892 | +€1,517 | +2.9% |
| Credit institutions | 430/8 | €52,375 | €53,892 | +€1,517 | +2.9% |
| Trade debts | 44 | €10,336 | €5,852 | -€4,485 | -43.4% |
| Suppliers | 440/4 | €10,336 | €5,852 | -€4,485 | -43.4% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €10,874 | €10,631 | -€243 | -2.2% |
| Taxes | 450/3 | €10,874 | €10,631 | -€243 | -2.2% |
| Other amounts payable | 47/48 | €0 | €25,000 | +€25,000 | |
| Accrued charges and deferred income | 492/3 | €192 | €661 | +€468 | +243.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,950 | €7,490 | +€2,540 | +51.3% |
| Other operating charges | 640/8 | €2,280 | €1,851 | -€429 | -18.8% |
| Gross operating margin | 9900 | €73,201 | €61,857 | -€11,344 | -15.5% |
| Operating profit (loss) | 9901 | €65,971 | €52,516 | -€13,455 | -20.4% |
| Financial income | 75/76B | €15,294 | €17,061 | +€1,766 | +11.5% |
| Recurring financial income | 75 | €15,294 | €17,061 | +€1,766 | +11.5% |
| Financial charges | 65/66B | €6,477 | €10,866 | +€4,390 | +67.8% |
| Recurring financial charges | 65 | €6,477 | €10,866 | +€4,390 | +67.8% |
| Profit (loss) for the period before taxes | 9903 | €74,789 | €58,711 | -€16,078 | -21.5% |
| Income taxes | 67/77 | €17,336 | €15,887 | -€1,449 | -8.4% |
| Profit (loss) for the period | 9904 | €57,453 | €42,824 | -€14,629 | -25.5% |
| Profit (loss) for the period to be appropriated | 9905 | €57,453 | €42,824 | -€14,629 | -25.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.