PRIMEURS: 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.
PRIMEURS
Largest movements
- Receivables within one year +€281,871
up €281,871 (+105%), from €269,268 to €551,139
of which Trade receivables: +€266,340
- Stocks and contracts -€111,783
down €111,783 (-64.4%), from €173,566 to €61,783
- Current investments -€49,677
down €49,677 (-66.2%), from €75,054 to €25,377
- Trade debts +€136,859
up €136,859 (+82.7%), from €165,432 to €302,290
- Current portion of long-term debt -€68,827
down €68,827 (-40.4%), from €170,421 to €101,594
- Reserves +€60,639
up €60,639 (+19.9%), from €304,974 to €365,612
of which Distributable reserves: +€60,639
- Debts after one year -€10,561
down €10,561 (-20.6%), from €51,302 to €40,740
- Gross operating margin +€50,512
up €50,512 (+27.2%), from €185,594 to €236,106
- Staff costs +€15,306
up €15,306 (+22.4%), from €68,264 to €83,570
- Taxes +€7,291
up €7,291 (+40.3%), from €18,100 to €25,391
- Write-downs +€6,039
new in 2025: €6,039
- Financial income +€3,395
up €3,395 (+151%), from €2,253 to €5,648
of which Financial income: +€2,486
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 | €811,543 | €935,516 | +€123,973 | +15.3% |
| Fixed assets | 21/28 | €130,507 | €127,606 | -€2,901 | -2.2% |
| Intangible fixed assets | 21 | €1,917 | €1,197 | -€720 | -37.6% |
| Tangible fixed assets | 22/27 | €128,589 | €124,296 | -€4,294 | -3.3% |
| Plant, machinery and equipment | 23 | €49,556 | €41,462 | -€8,094 | -16.3% |
| Furniture and vehicles | 24 | €43,536 | €49,383 | +€5,847 | +13.4% |
| Other tangible fixed assets | 26 | €35,498 | €33,451 | -€2,047 | -5.8% |
| Financial fixed assets | 28 | - | €2,113 | +€2,113 | |
| Current assets | 29/58 | €681,037 | €807,910 | +€126,874 | +18.6% |
| Stocks and contracts in progress | 3 | €173,566 | €61,783 | -€111,783 | -64.4% |
| Stocks | 30/36 | €173,566 | €61,783 | -€111,783 | -64.4% |
| Amounts receivable within one year | 40/41 | €269,268 | €551,139 | +€281,871 | +105% |
| Trade receivables | 40 | €173,915 | €440,255 | +€266,340 | +153% |
| Other amounts receivable | 41 | €95,352 | €110,884 | +€15,531 | +16.3% |
| Current investments | 50/53 | €75,054 | €25,377 | -€49,677 | -66.2% |
| Cash at bank and in hand | 54/58 | €148,004 | €157,294 | +€9,290 | +6.3% |
| Deferred charges and accrued income | 490/1 | €15,145 | €12,317 | -€2,828 | -18.7% |
| Total equity and liabilities | 10/49 | €811,543 | €935,516 | +€123,973 | +15.3% |
| Equity | 10/15 | €413,004 | €473,643 | +€60,639 | +14.7% |
| Contributions | 10/11 | €108,031 | €108,031 | = | 0.0% |
| Reserves | 13 | €304,974 | €365,612 | +€60,639 | +19.9% |
| Non-distributable reserves | 130/1 | €11,390 | €11,390 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,390 | €11,390 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,998 | €7,998 | = | 0.0% |
| Distributable reserves | 133 | €285,586 | €346,225 | +€60,639 | +21.2% |
| Amounts payable | 17/49 | €398,539 | €461,874 | +€63,334 | +15.9% |
| Amounts payable after more than one year | 17 | €51,302 | €40,740 | -€10,561 | -20.6% |
| Financial debts | 170/4 | €51,302 | €40,740 | -€10,561 | -20.6% |
| Amounts payable within one year | 42/48 | €347,238 | €421,133 | +€73,895 | +21.3% |
| Current portion of amounts payable after more than one year | 42 | €170,421 | €101,594 | -€68,827 | -40.4% |
| Trade debts | 44 | €165,432 | €302,290 | +€136,859 | +82.7% |
| Suppliers | 440/4 | €165,432 | €302,290 | +€136,859 | +82.7% |
| Taxes, remuneration and social security | 45 | €10,150 | €16,736 | +€6,586 | +64.9% |
| Taxes | 450/3 | €5,436 | €13,602 | +€8,166 | +150% |
| Remuneration and social security | 454/9 | €4,714 | €3,134 | -€1,580 | -33.5% |
| Other amounts payable | 47/48 | €1,236 | €514 | -€722 | -58.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €68,264 | €83,570 | +€15,306 | +22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,412 | €33,643 | +€2,231 | +7.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,039 | +€6,039 | |
| Other operating charges | 640/8 | €4,590 | €4,516 | -€74 | -1.6% |
| Non-recurring operating charges | 66A | €5,441 | €2,453 | -€2,988 | -54.9% |
| Gross operating margin | 9900 | €185,594 | €236,106 | +€50,512 | +27.2% |
| Operating profit (loss) | 9901 | €75,887 | €105,885 | +€29,998 | +39.5% |
| Financial income | 75/76B | €2,253 | €5,648 | +€3,395 | +151% |
| Recurring financial income | 75 | €2,253 | €4,739 | +€2,486 | +110% |
| Non-recurring financial income | 76B | €0 | €909 | +€909 | |
| Financial charges | 65/66B | €25,750 | €25,504 | -€246 | -1.0% |
| Recurring financial charges | 65 | €25,750 | €25,504 | -€246 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | €52,390 | €86,030 | +€33,639 | +64.2% |
| Income taxes | 67/77 | €18,100 | €25,391 | +€7,291 | +40.3% |
| Profit (loss) for the period | 9904 | €34,290 | €60,639 | +€26,348 | +76.8% |
| Profit (loss) for the period to be appropriated | 9905 | €34,290 | €60,639 | +€26,348 | +76.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.