PRIMITIF: 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.
PRIMITIF
Largest movements
- Cash +€23,145
up €23,145 (+36.1%), from €64,094 to €87,238
mainly Current portion of long-term debt (+€26,360) and Net result for the year (+€22,538)
- Tangible fixed assets -€14,910
down €14,910 (-24.3%), from €61,445 to €46,535
of which Plant, machinery and equipment: -€13,820
- Stocks and contracts +€8,600
up €8,600 (+27.0%), from €31,872 to €40,472
- Receivables within one year -€8,486
down €8,486 (-56.1%), from €15,137 to €6,651
of which Trade receivables: -€8,435
- Debts after one year -€51,770
down €51,770 (-65.0%), from €79,638 to €27,869
of which Financial debts: -€46,103
- Current portion of long-term debt +€26,360
up €26,360 (+465.2%), from €5,667 to €32,027
- Reserves +€22,538
up €22,538 (+149.5%), from €15,077 to €37,615
- Tax, wage and social debts +€5,500
up €5,500 (+26.9%), from €20,466 to €25,966
of which Taxes: +€4,243
- Trade debts +€3,511
up €3,511 (+22.3%), from €15,750 to €19,260
- Gross operating margin +€14,675
up €14,675 (+21.3%), from €68,761 to €83,436
- Taxes +€3,562
up €3,562 (+148.8%), from €2,394 to €5,957
- Depreciation +€2,430
up €2,430 (+19.5%), from €12,480 to €14,910
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 | €173,081 | €182,054 | +€8,973 | +5.2% |
| Fixed assets | 21/28 | €61,445 | €46,535 | -€14,910 | -24.3% |
| Tangible fixed assets | 22/27 | €61,445 | €46,535 | -€14,910 | -24.3% |
| Plant, machinery and equipment | 23 | €57,008 | €43,188 | -€13,820 | -24.2% |
| Furniture and vehicles | 24 | €3,290 | €2,483 | -€806 | -24.5% |
| Other tangible fixed assets | 26 | €1,147 | €864 | -€283 | -24.7% |
| Current assets | 29/58 | €111,637 | €135,520 | +€23,883 | +21.4% |
| Stocks and contracts in progress | 3 | €31,872 | €40,472 | +€8,600 | +27.0% |
| Stocks | 30/36 | €31,872 | €40,472 | +€8,600 | +27.0% |
| Amounts receivable within one year | 40/41 | €15,137 | €6,651 | -€8,486 | -56.1% |
| Trade receivables | 40 | €13,806 | €5,371 | -€8,435 | -61.1% |
| Other amounts receivable | 41 | €1,331 | €1,280 | -€51 | -3.8% |
| Cash at bank and in hand | 54/58 | €64,094 | €87,238 | +€23,145 | +36.1% |
| Deferred charges and accrued income | 490/1 | €535 | €1,159 | +€624 | +116.8% |
| Total equity and liabilities | 10/49 | €173,081 | €182,054 | +€8,973 | +5.2% |
| Equity | 10/15 | €40,077 | €62,615 | +€22,538 | +56.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €15,077 | €37,615 | +€22,538 | +149.5% |
| Distributable reserves | 133 | €15,077 | €37,615 | +€22,538 | +149.5% |
| Amounts payable | 17/49 | €133,005 | €119,439 | -€13,565 | -10.2% |
| Amounts payable after more than one year | 17 | €79,638 | €27,869 | -€51,770 | -65.0% |
| Financial debts | 170/4 | €73,972 | €27,869 | -€46,103 | -62.3% |
| Trade debts | 175 | €5,667 | - | -€5,667 | |
| Amounts payable within one year | 42/48 | €53,367 | €91,571 | +€38,204 | +71.6% |
| Current portion of amounts payable after more than one year | 42 | €5,667 | €32,027 | +€26,360 | +465.2% |
| Financial debts | 43 | €2,247 | €866 | -€1,381 | -61.5% |
| Credit institutions | 430/8 | €2,247 | €866 | -€1,381 | -61.5% |
| Trade debts | 44 | €15,750 | €19,260 | +€3,511 | +22.3% |
| Suppliers | 440/4 | €15,750 | €19,260 | +€3,511 | +22.3% |
| Advances received on contracts in progress | 46 | €8,737 | €10,814 | +€2,077 | +23.8% |
| Taxes, remuneration and social security | 45 | €20,466 | €25,966 | +€5,500 | +26.9% |
| Taxes | 450/3 | €14,067 | €18,310 | +€4,243 | +30.2% |
| Remuneration and social security | 454/9 | €6,400 | €7,656 | +€1,257 | +19.6% |
| Other amounts payable | 47/48 | €500 | €2,638 | +€2,138 | +427.3% |
| Remuneration, social security and pensions | 62 | €35,407 | €35,861 | +€454 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,480 | €14,910 | +€2,430 | +19.5% |
| Other operating charges | 640/8 | €661 | €687 | +€26 | +3.9% |
| Gross operating margin | 9900 | €68,761 | €83,436 | +€14,675 | +21.3% |
| Operating profit (loss) | 9901 | €20,214 | €31,978 | +€11,765 | +58.2% |
| Financial charges | 65/66B | €2,743 | €3,483 | +€741 | +27.0% |
| Recurring financial charges | 65 | €2,743 | €3,483 | +€741 | +27.0% |
| Profit (loss) for the period before taxes | 9903 | €17,471 | €28,495 | +€11,024 | +63.1% |
| Income taxes | 67/77 | €2,394 | €5,957 | +€3,562 | +148.8% |
| Profit (loss) for the period | 9904 | €15,077 | €22,538 | +€7,462 | +49.5% |
| Profit (loss) for the period to be appropriated | 9905 | €15,077 | €22,538 | +€7,462 | +49.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.