PRIMO PLUS: 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 PLUS
Largest movements
- Stocks and contracts -€533,717
down €533,717 (-42.2%), from €1.3m to €730,227
- Cash +€41,224
up €41,224 (+913%), from €4,514 to €45,738
mainly Stocks and contracts (+€533,717) and Net result for the year (+€232,486)
- Deferred charges and accrued income -€30,716
no longer reported in 2025 (was €30,716)
- Debts after one year -€713,103
down €713,103 (-74.7%), from €954,013 to €240,910
of which Financial debts: -€713,103
- Reserves +€232,486
up €232,486 (+904%), from €25,708 to €258,194
- Other debts -€70,634
down €70,634 (-32.2%), from €219,463 to €148,829
- Tax, wage and social debts +€62,721
up €62,721 (+566%), from €11,081 to €73,802
of which Taxes: +€64,721
- Trade debts -€55,156
down €55,156 (-56.8%), from €97,038 to €41,882
- Gross operating margin +€312,105
up €312,105 (+1,355%), from €23,030 to €335,136
- Taxes +€69,988
up €69,988 (+3,858%), from €1,814 to €71,802
- Financial charges +€13,898
up €13,898 (+528%), from €2,631 to €16,530
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 | €1,350,194 | €814,831 | -€535,362 | -39.7% |
| Fixed assets | 21/28 | €45,731 | €33,264 | -€12,466 | -27.3% |
| Tangible fixed assets | 22/27 | €45,731 | €33,264 | -€12,466 | -27.3% |
| Furniture and vehicles | 24 | €45,731 | €33,264 | -€12,466 | -27.3% |
| Current assets | 29/58 | €1,304,463 | €781,567 | -€522,896 | -40.1% |
| Stocks and contracts in progress | 3 | €1,263,944 | €730,227 | -€533,717 | -42.2% |
| Stocks | 30/36 | €1,263,944 | €730,227 | -€533,717 | -42.2% |
| Amounts receivable within one year | 40/41 | €5,289 | €5,603 | +€314 | +5.9% |
| Other amounts receivable | 41 | €5,289 | €5,603 | +€314 | +5.9% |
| Cash at bank and in hand | 54/58 | €4,514 | €45,738 | +€41,224 | +913% |
| Deferred charges and accrued income | 490/1 | €30,716 | - | -€30,716 | |
| Total equity and liabilities | 10/49 | €1,350,194 | €814,831 | -€535,362 | -39.7% |
| Equity | 10/15 | €50,708 | €283,194 | +€232,486 | +458% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €25,708 | €258,194 | +€232,486 | +904% |
| Distributable reserves | 133 | €25,708 | €258,194 | +€232,486 | +904% |
| Amounts payable | 17/49 | €1,299,486 | €531,637 | -€767,849 | -59.1% |
| Amounts payable after more than one year | 17 | €954,013 | €240,910 | -€713,103 | -74.7% |
| Financial debts | 170/4 | €870,013 | €156,910 | -€713,103 | -82.0% |
| Other amounts payable | 178/9 | €84,000 | €84,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €345,473 | €290,727 | -€54,746 | -15.8% |
| Current portion of amounts payable after more than one year | 42 | €13,249 | €21,571 | +€8,323 | +62.8% |
| Trade debts | 44 | €97,038 | €41,882 | -€55,156 | -56.8% |
| Suppliers | 440/4 | €97,038 | €41,882 | -€55,156 | -56.8% |
| Advances received on contracts in progress | 46 | €4,642 | €4,642 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €11,081 | €73,802 | +€62,721 | +566% |
| Taxes | 450/3 | €7,081 | €71,802 | +€64,721 | +914% |
| Remuneration and social security | 454/9 | €4,000 | €2,000 | -€2,000 | -50.0% |
| Other amounts payable | 47/48 | €219,463 | €148,829 | -€70,634 | -32.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,346 | €12,466 | +€121 | +1.0% |
| Other operating charges | 640/8 | €795 | €1,852 | +€1,057 | +133% |
| Gross operating margin | 9900 | €23,030 | €335,136 | +€312,105 | +1,355% |
| Operating profit (loss) | 9901 | €9,890 | €320,818 | +€310,928 | +3,144% |
| Financial income | 75/76B | €0 | €1 | +€0 | +130% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +130% |
| Financial charges | 65/66B | €2,631 | €16,530 | +€13,898 | +528% |
| Recurring financial charges | 65 | €2,631 | €16,530 | +€13,898 | +528% |
| Profit (loss) for the period before taxes | 9903 | €7,259 | €304,289 | +€297,030 | +4,092% |
| Income taxes | 67/77 | €1,814 | €71,802 | +€69,988 | +3,858% |
| Profit (loss) for the period | 9904 | €5,445 | €232,486 | +€227,041 | +4,170% |
| Profit (loss) for the period to be appropriated | 9905 | €5,445 | €232,486 | +€227,041 | +4,170% |
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 15 October 2026 via checked.be.