PRIMO DEVELOPMENTS: 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.
PRIMO DEVELOPMENTS
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts +€263,000
up €263,000 (+180%), from €146,365 to €409,365
- Debts after one year -€250,000
down €250,000 (-33.3%), from €750,000 to €500,000
- Gross operating margin +€21,991
up €21,991, from -€5,736 to €16,256
- Financial charges +€20,899
up €20,899 (+11,983%), from €174 to €21,073
- Other operating charges +€1,192
up €1,192 (+49.1%), from €2,430 to €3,622
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 | €1,131,692 | €1,137,880 | +€6,188 | +0.5% |
| Current assets | 29/58 | €1,131,692 | €1,137,880 | +€6,188 | +0.5% |
| Stocks and contracts in progress | 3 | €1,131,315 | €1,132,888 | +€1,573 | +0.1% |
| Stocks | 30/36 | €1,131,315 | €1,132,888 | +€1,573 | +0.1% |
| Cash at bank and in hand | 54/58 | €376 | €4,992 | +€4,615 | +1,226% |
| Total equity and liabilities | 10/49 | €1,131,692 | €1,137,880 | +€6,188 | +0.5% |
| Equity | 10/15 | €235,327 | €226,888 | -€8,439 | -3.6% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,673 | -€23,112 | -€8,439 | -57.5% |
| Amounts payable | 17/49 | €896,365 | €910,993 | +€14,628 | +1.6% |
| Amounts payable after more than one year | 17 | €750,000 | €500,000 | -€250,000 | -33.3% |
| Financial debts | 170/4 | €750,000 | €500,000 | -€250,000 | -33.3% |
| Amounts payable within one year | 42/48 | €146,365 | €409,365 | +€263,000 | +180% |
| Other amounts payable | 47/48 | €146,365 | €409,365 | +€263,000 | +180% |
| Accrued charges and deferred income | 492/3 | - | €1,628 | +€1,628 | |
| Other operating charges | 640/8 | €2,430 | €3,622 | +€1,192 | +49.1% |
| Gross operating margin | 9900 | -€5,736 | €16,256 | +€21,991 | |
| Operating profit (loss) | 9901 | -€8,166 | €12,634 | +€20,800 | |
| Financial charges | 65/66B | €174 | €21,073 | +€20,899 | +11,983% |
| Recurring financial charges | 65 | €174 | €21,073 | +€20,899 | +11,983% |
| Profit (loss) for the period before taxes | 9903 | -€8,340 | -€8,439 | -€99 | -1.2% |
| Profit (loss) for the period | 9904 | -€8,340 | -€8,439 | -€99 | -1.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,340 | -€8,439 | -€99 | -1.2% |
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 24 October 2026 via checked.be.