PRIMOLABEL: 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.
PRIMOLABEL
Largest movements
- Current investments -€48,279
down €48,279 (-15.4%), from €314,195 to €265,916
- Tangible fixed assets -€41,467
down €41,467 (-5.6%), from €745,839 to €704,372
- Cash +€20,351
up €20,351 (+179.5%), from €11,339 to €31,690
mainly Current investments (+€48,279) and Depreciation (+€41,467)
- Other debts -€37,298
down €37,298 (-13.3%), from €280,839 to €243,541
- Reserves -€19,477
down €19,477 (-5.3%), from €369,393 to €349,917
of which Tax-exempt reserves: -€19,477
- Profit (loss) carried forward +€17,187
up €17,187 (+12.7%), from -€135,030 to -€117,843
- Financial income +€33,418
up €33,418 (+1159.8%), from €2,881 to €36,300
- Depreciation +€5,887
up €5,887 (+16.5%), from €35,580 to €41,467
- Gross operating margin -€2,874
down €2,874 (-16.2%), from €17,693 to €14,818
- Other operating charges -€1,236
down €1,236 (-26.8%), from €4,605 to €3,369
- Financial charges -€721
down €721 (-4.7%), from €15,366 to €14,645
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 | €1,071,836 | €1,005,942 | -€65,894 | -6.1% |
| Fixed assets | 21/28 | €745,839 | €704,372 | -€41,467 | -5.6% |
| Tangible fixed assets | 22/27 | €745,839 | €704,372 | -€41,467 | -5.6% |
| Land and buildings | 22 | €745,839 | €704,372 | -€41,467 | -5.6% |
| Current assets | 29/58 | €325,997 | €301,570 | -€24,427 | -7.5% |
| Amounts receivable within one year | 40/41 | €462 | €3,964 | +€3,502 | +757.4% |
| Other amounts receivable | 41 | €462 | €3,964 | +€3,502 | +757.4% |
| Current investments | 50/53 | €314,195 | €265,916 | -€48,279 | -15.4% |
| Cash at bank and in hand | 54/58 | €11,339 | €31,690 | +€20,351 | +179.5% |
| Total equity and liabilities | 10/49 | €1,071,836 | €1,005,942 | -€65,894 | -6.1% |
| Equity | 10/15 | €296,336 | €294,047 | -€2,290 | -0.8% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €369,393 | €349,917 | -€19,477 | -5.3% |
| Tax-exempt reserves | 132 | €358,261 | €338,784 | -€19,477 | -5.4% |
| Distributable reserves | 133 | €11,132 | €11,132 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€135,030 | -€117,843 | +€17,187 | +12.7% |
| Provisions and deferred taxes | 16 | €119,420 | €112,928 | -€6,492 | -5.4% |
| Deferred taxes | 168 | €119,420 | €112,928 | -€6,492 | -5.4% |
| Amounts payable | 17/49 | €656,079 | €598,967 | -€57,112 | -8.7% |
| Amounts payable after more than one year | 17 | €155,069 | €145,703 | -€9,366 | -6.0% |
| Financial debts | 170/4 | €155,069 | €145,703 | -€9,366 | -6.0% |
| Amounts payable within one year | 42/48 | €501,010 | €453,264 | -€47,746 | -9.5% |
| Current portion of amounts payable after more than one year | 42 | €9,237 | €9,366 | +€129 | +1.4% |
| Financial debts | 43 | €200,000 | €200,000 | = | 0.0% |
| Credit institutions | 430/8 | €200,000 | €200,000 | = | 0.0% |
| Trade debts | 44 | €10,935 | €357 | -€10,577 | -96.7% |
| Suppliers | 440/4 | €10,935 | €357 | -€10,577 | -96.7% |
| Other amounts payable | 47/48 | €280,839 | €243,541 | -€37,298 | -13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,580 | €41,467 | +€5,887 | +16.5% |
| Other operating charges | 640/8 | €4,605 | €3,369 | -€1,236 | -26.8% |
| Gross operating margin | 9900 | €17,693 | €14,818 | -€2,874 | -16.2% |
| Operating profit (loss) | 9901 | -€22,493 | -€30,018 | -€7,525 | -33.5% |
| Financial income | 75/76B | €2,881 | €36,300 | +€33,418 | +1159.8% |
| Recurring financial income | 75 | €2,881 | €36,300 | +€33,418 | +1159.8% |
| Financial charges | 65/66B | €15,366 | €14,645 | -€721 | -4.7% |
| Recurring financial charges | 65 | €15,366 | €14,645 | -€721 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | -€34,977 | -€8,363 | +€26,614 | +76.1% |
| Transfer from deferred taxes | 780 | €5,373 | €6,492 | +€1,119 | +20.8% |
| Income taxes | 67/77 | €399 | €419 | +€20 | +5.0% |
| Profit (loss) for the period | 9904 | -€30,003 | -€2,290 | +€27,713 | +92.4% |
| Transfer from tax-exempt reserves | 789 | €16,120 | €19,477 | +€3,357 | +20.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,883 | €17,187 | +€31,070 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.