PRIMI: 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.
PRIMI
Largest movements
- Tangible fixed assets -€126,352
down €126,352 (-19.3%), from €656,026 to €529,675
- Cash +€25,869
up €25,869 (+13.9%), from €186,621 to €212,490
mainly Depreciation (+€156,980) and Trade debts (+€74,318)
- Receivables within one year +€19,274
up €19,274 (+16.5%), from €117,122 to €136,397
of which Other amounts receivable: +€22,699
- Profit (loss) carried forward -€98,496
down €98,496 (-9.4%), from -€1.0m to -€1.1m
- Trade debts +€74,318
up €74,318 (+13.5%), from €548,914 to €623,232
- Other debts -€56,261
down €56,261 (-4.8%), from €1.2m to €1.1m
- Gross operating margin -€100,962
down €100,962 (-11.6%), from €872,189 to €771,227
- Staff costs +€10,099
up €10,099 (+1.5%), from €690,638 to €700,736
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 | €1,381,370 | €1,304,389 | -€76,981 | -5.6% |
| Fixed assets | 21/28 | €656,026 | €529,675 | -€126,352 | -19.3% |
| Tangible fixed assets | 22/27 | €656,026 | €529,675 | -€126,352 | -19.3% |
| Land and buildings | 22 | €39,714 | €35,301 | -€4,413 | -11.1% |
| Plant, machinery and equipment | 23 | €270,195 | €230,161 | -€40,035 | -14.8% |
| Furniture and vehicles | 24 | €65,012 | €41,483 | -€23,528 | -36.2% |
| Other tangible fixed assets | 26 | €281,106 | €222,729 | -€58,376 | -20.8% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €725,343 | €774,714 | +€49,371 | +6.8% |
| Stocks and contracts in progress | 3 | €400,286 | €404,170 | +€3,884 | +1.0% |
| Stocks | 30/36 | €400,286 | €404,170 | +€3,884 | +1.0% |
| Amounts receivable within one year | 40/41 | €117,122 | €136,397 | +€19,274 | +16.5% |
| Trade receivables | 40 | €65,225 | €61,800 | -€3,425 | -5.3% |
| Other amounts receivable | 41 | €51,897 | €74,597 | +€22,699 | +43.7% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €186,621 | €212,490 | +€25,869 | +13.9% |
| Deferred charges and accrued income | 490/1 | €21,315 | €21,658 | +€343 | +1.6% |
| Total equity and liabilities | 10/49 | €1,381,370 | €1,304,389 | -€76,981 | -5.6% |
| Equity | 10/15 | -€428,488 | -€526,984 | -€98,496 | -23.0% |
| Contributions | 10/11 | €495,787 | €495,787 | = | 0.0% |
| Capital | 10 | €495,787 | €495,787 | = | 0.0% |
| Issued capital | 100 | €495,787 | €495,787 | = | 0.0% |
| Reserves | 13 | €120,837 | €120,837 | = | 0.0% |
| Non-distributable reserves | 130/1 | €32,295 | €32,295 | = | 0.0% |
| Legal reserve | 130 | €32,295 | €32,295 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,108 | €4,108 | = | 0.0% |
| Distributable reserves | 133 | €84,434 | €84,434 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,045,112 | -€1,143,608 | -€98,496 | -9.4% |
| Amounts payable | 17/49 | €1,809,858 | €1,831,372 | +€21,514 | +1.2% |
| Amounts payable within one year | 42/48 | €1,809,846 | €1,831,372 | +€21,526 | +1.2% |
| Trade debts | 44 | €548,914 | €623,232 | +€74,318 | +13.5% |
| Suppliers | 440/4 | €548,914 | €623,232 | +€74,318 | +13.5% |
| Taxes, remuneration and social security | 45 | €82,711 | €86,181 | +€3,470 | +4.2% |
| Taxes | 450/3 | €1,053 | €3,705 | +€2,652 | +251.7% |
| Remuneration and social security | 454/9 | €81,658 | €82,476 | +€818 | +1.0% |
| Other amounts payable | 47/48 | €1,178,220 | €1,121,959 | -€56,261 | -4.8% |
| Accrued charges and deferred income | 492/3 | €12 | €0 | -€12 | -100.0% |
| Non-recurring operating income | 76A | - | €22,889 | +€22,889 | |
| Remuneration, social security and pensions | 62 | €690,638 | €700,736 | +€10,099 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €161,194 | €156,980 | -€4,214 | -2.6% |
| Other operating charges | 640/8 | €2,030 | €2,333 | +€303 | +14.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €872,189 | €771,227 | -€100,962 | -11.6% |
| Operating profit (loss) | 9901 | €18,328 | -€88,822 | -€107,150 | |
| Financial income | 75/76B | €1,997 | €2,378 | +€380 | +19.0% |
| Recurring financial income | 75 | €1,997 | €2,378 | +€380 | +19.0% |
| Financial charges | 65/66B | €17,601 | €11,410 | -€6,192 | -35.2% |
| Recurring financial charges | 65 | €17,601 | €11,410 | -€6,192 | -35.2% |
| Profit (loss) for the period before taxes | 9903 | €2,724 | -€97,854 | -€100,578 | |
| Income taxes | 67/77 | €612 | €642 | +€30 | +4.9% |
| Profit (loss) for the period | 9904 | €2,113 | -€98,496 | -€100,608 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,113 | -€98,496 | -€100,608 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.