PRIMINVEST: 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.
PRIMINVEST
Largest movements
- Tangible fixed assets -€221,337
down €221,337 (-6.2%), from €3.6m to €3.3m
of which Land and buildings: -€156,676
- Cash +€52,082
up €52,082 (+78.7%), from €66,175 to €118,257
mainly Depreciation (+€209,110) and Accrued charges and deferred income (+€109,371)
- Debts after one year -€255,000
down €255,000 (-5.9%), from €4.3m to €4.1m
of which Financial debts: -€255,000
- Accrued charges and deferred income +€109,371
new in 2025: €109,371
- Short-term financial debts -€95,654
down €95,654 (-29.4%), from €325,000 to €229,346
of which Credit institutions: -€325,000
- Profit (loss) carried forward +€64,797
up €64,797 (+7.7%), from -€836,715 to -€771,918
- Gross operating margin +€15,671
up €15,671 (+4.9%), from €319,618 to €335,289
- Financial charges -€9,139
down €9,139 (-35.4%), from €25,793 to €16,654
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 | €3,948,216 | €3,803,018 | -€145,199 | -3.7% |
| Fixed assets | 21/28 | €3,558,828 | €3,337,492 | -€221,337 | -6.2% |
| Tangible fixed assets | 22/27 | €3,558,828 | €3,337,492 | -€221,337 | -6.2% |
| Land and buildings | 22 | €3,440,122 | €3,283,445 | -€156,676 | -4.6% |
| Plant, machinery and equipment | 23 | €97,841 | €40,997 | -€56,844 | -58.1% |
| Furniture and vehicles | 24 | €20,866 | €13,049 | -€7,816 | -37.5% |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Current assets | 29/58 | €389,388 | €465,526 | +€76,138 | +19.6% |
| Stocks and contracts in progress | 3 | €175,000 | €175,000 | = | 0.0% |
| Stocks | 30/36 | €175,000 | €175,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €148,214 | €168,403 | +€20,190 | +13.6% |
| Trade receivables | 40 | €148,214 | €168,387 | +€20,174 | +13.6% |
| Other amounts receivable | 41 | €0 | €16 | +€16 | |
| Cash at bank and in hand | 54/58 | €66,175 | €118,257 | +€52,082 | +78.7% |
| Deferred charges and accrued income | 490/1 | - | €3,866 | +€3,866 | |
| Total equity and liabilities | 10/49 | €3,948,216 | €3,803,018 | -€145,199 | -3.7% |
| Equity | 10/15 | -€761,715 | -€696,918 | +€64,797 | +8.5% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€836,715 | -€771,918 | +€64,797 | +7.7% |
| Amounts payable | 17/49 | €4,709,931 | €4,499,935 | -€209,996 | -4.5% |
| Amounts payable after more than one year | 17 | €4,340,808 | €4,085,808 | -€255,000 | -5.9% |
| Financial debts | 170/4 | €4,335,658 | €4,080,658 | -€255,000 | -5.9% |
| Other amounts payable | 178/9 | €5,150 | €5,150 | = | 0.0% |
| Amounts payable within one year | 42/48 | €369,124 | €304,757 | -€64,367 | -17.4% |
| Financial debts | 43 | €325,000 | €229,346 | -€95,654 | -29.4% |
| Credit institutions | 430/8 | €325,000 | €0 | -€325,000 | -100% |
| Other loans | 439 | - | €229,346 | +€229,346 | |
| Trade debts | 44 | €38,480 | €71,271 | +€32,791 | +85.2% |
| Suppliers | 440/4 | €38,480 | €71,271 | +€32,791 | +85.2% |
| Taxes, remuneration and social security | 45 | €5,643 | €1,877 | -€3,766 | -66.7% |
| Taxes | 450/3 | €5,643 | €1,877 | -€3,766 | -66.7% |
| Other amounts payable | 47/48 | €0 | €2,262 | +€2,262 | |
| Accrued charges and deferred income | 492/3 | - | €109,371 | +€109,371 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €211,606 | €209,110 | -€2,496 | -1.2% |
| Other operating charges | 640/8 | €43,368 | €44,727 | +€1,360 | +3.1% |
| Gross operating margin | 9900 | €319,618 | €335,289 | +€15,671 | +4.9% |
| Operating profit (loss) | 9901 | €64,645 | €81,451 | +€16,807 | +26.0% |
| Financial charges | 65/66B | €25,793 | €16,654 | -€9,139 | -35.4% |
| Recurring financial charges | 65 | €25,793 | €16,654 | -€9,139 | -35.4% |
| Profit (loss) for the period before taxes | 9903 | €38,852 | €64,797 | +€25,946 | +66.8% |
| Profit (loss) for the period | 9904 | €38,852 | €64,797 | +€25,946 | +66.8% |
| Profit (loss) for the period to be appropriated | 9905 | €38,852 | €64,797 | +€25,946 | +66.8% |
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 25 October 2026 via checked.be.