PRIMORAC CONSULTING: 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.
PRIMORAC CONSULTING
Largest movements
- Tangible fixed assets +€34,384
up €34,384 (+77.5%), from €44,378 to €78,762
of which Furniture and vehicles: +€38,020
- Cash -€10,679
down €10,679 (-74.0%), from €14,432 to €3,754
mainly Investment in fixed assets (net) (-€44,752) and Other debts (-€6,118)
- Receivables within one year +€4,200
up €4,200 (+25.4%), from €16,553 to €20,753
of which Trade receivables: +€8,776
- Current portion of long-term debt +€15,005
up €15,005 (+474%), from €3,164 to €18,169
- Reserves +€13,711
up €13,711 (+104%), from €13,236 to €26,948
of which Distributable reserves: +€13,711
- Other debts -€6,118
down €6,118 (-25.7%), from €23,779 to €17,660
- Debts after one year +€4,302
up €4,302 (+38.0%), from €11,328 to €15,630
- Gross operating margin +€15,946
up €15,946 (+69.8%), from €22,835 to €38,782
- Depreciation +€6,159
up €6,159 (+146%), from €4,209 to €10,368
- Taxes +€3,509
up €3,509 (+89.1%), from €3,936 to €7,445
- Other operating charges +€1,190
new in 2025: €1,190
- Financial charges +€695
up €695 (+99.2%), from €700 to €1,395
of which Financial charges: +€695
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 | €75,363 | €103,269 | +€27,906 | +37.0% |
| Fixed assets | 21/28 | €44,378 | €78,762 | +€34,384 | +77.5% |
| Tangible fixed assets | 22/27 | €44,378 | €78,762 | +€34,384 | +77.5% |
| Land and buildings | 22 | €44,045 | €40,410 | -€3,635 | -8.3% |
| Furniture and vehicles | 24 | €332 | €38,352 | +€38,020 | +11,440% |
| Current assets | 29/58 | €30,986 | €24,507 | -€6,479 | -20.9% |
| Amounts receivable within one year | 40/41 | €16,553 | €20,753 | +€4,200 | +25.4% |
| Trade receivables | 40 | €7,362 | €16,138 | +€8,776 | +119% |
| Other amounts receivable | 41 | €9,191 | €4,615 | -€4,576 | -49.8% |
| Cash at bank and in hand | 54/58 | €14,432 | €3,754 | -€10,679 | -74.0% |
| Total equity and liabilities | 10/49 | €75,363 | €103,269 | +€27,906 | +37.0% |
| Equity | 10/15 | €34,079 | €47,790 | +€13,711 | +40.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €13,236 | €26,948 | +€13,711 | +104% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €11,376 | €25,088 | +€13,711 | +121% |
| Profit (loss) carried forward | 14 | €2,242 | €2,242 | = | 0.0% |
| Amounts payable | 17/49 | €41,285 | €55,479 | +€14,195 | +34.4% |
| Amounts payable after more than one year | 17 | €11,328 | €15,630 | +€4,302 | +38.0% |
| Financial debts | 170/4 | €11,328 | €15,630 | +€4,302 | +38.0% |
| Amounts payable within one year | 42/48 | €29,957 | €39,849 | +€9,892 | +33.0% |
| Current portion of amounts payable after more than one year | 42 | €3,164 | €18,169 | +€15,005 | +474% |
| Trade debts | 44 | - | €222 | +€222 | |
| Suppliers | 440/4 | - | €222 | +€222 | |
| Taxes, remuneration and social security | 45 | €3,015 | €3,798 | +€783 | +26.0% |
| Taxes | 450/3 | €3,015 | €3,798 | +€783 | +26.0% |
| Other amounts payable | 47/48 | €23,779 | €17,660 | -€6,118 | -25.7% |
| Non-recurring operating income | 76A | - | €12,000 | +€12,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,209 | €10,368 | +€6,159 | +146% |
| Other operating charges | 640/8 | - | €1,190 | +€1,190 | |
| Gross operating margin | 9900 | €22,835 | €38,782 | +€15,946 | +69.8% |
| Operating profit (loss) | 9901 | €18,626 | €27,224 | +€8,598 | +46.2% |
| Financial income | 75/76B | €17 | €32 | +€16 | +93.9% |
| Recurring financial income | 75 | €17 | €32 | +€16 | +93.9% |
| Financial charges | 65/66B | €700 | €1,395 | +€695 | +99.2% |
| Recurring financial charges | 65 | €700 | €1,395 | +€695 | +99.2% |
| Non-recurring financial charges | 66B | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | €17,943 | €25,862 | +€7,919 | +44.1% |
| Income taxes | 67/77 | €3,936 | €7,445 | +€3,509 | +89.1% |
| Profit (loss) for the period | 9904 | €14,007 | €18,417 | +€4,410 | +31.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,007 | €18,417 | +€4,410 | +31.5% |
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 29 October 2026 via checked.be.