Primoris Belgium: what changed
What changed
Primoris Belgium
NACE 71.209, Other technical testing and analysis
filed annual accounts (NBB)
Net result for the year
€2.5m
2024 · €2.3m+€151,432
Equity
€10.3m
2024 · €9.1m+€1.2m
Cash
€2.6m
2024 · €3.3m-€747,742
Balance sheet total
€14.2m
2024 · €13.0m+€1.2m
Largest movements
Assets
- Tangible fixed assets +€1.1m
up €1.1m (+36.4%), from €3.0m to €4.1m
of which Plant, machinery and equipment: +€1.2m
- Current investments +€888,298
up €888,298 (+35.5%), from €2.5m to €3.4m
- Cash -€747,742
down €747,742 (-22.4%), from €3.3m to €2.6m
mainly Investment in fixed assets (net) (-€2.9m) and Contributions, distributions and other (-€1.2m)
Equity and liabilities
- Reserves +€1.2m
up €1.2m (+24.3%), from €5.1m to €6.3m
of which Distributable reserves: +€1.2m
- Tax, wage and social debts -€144,381
down €144,381 (-9.3%), from €1.6m to €1.4m
of which Taxes: -€130,210
Income statement
- Turnover +€1.7m
up €1.7m (+11.6%), from €14.9m to €16.6m
- Services and other goods +€1.0m
up €1.0m (+36.1%), from €2.8m to €3.8m
- Staff costs +€695,774
up €695,774 (+10.9%), from €6.4m to €7.1m
- Taxes -€646,355
down €646,355 (-80.8%), from €800,263 to €153,908
of which Taxes: -€328,449
- Depreciation +€197,952
up €197,952 (+12.2%), from €1.6m to €1.8m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€2.3m
Turnover
+€1.7m
Other operating income
-€14,839
Goods and materials
-€14,611
Services and other goods
-€1.0m
Staff costs
-€695,774
Depreciation
-€197,952
Write-downs
-€91,317
Provisions
-€1,415
Other operating charges
+€42,194
Other operating items
-€129,191
Financial income
-€32,726
Financial charges
-€62,053
Taxes
+€646,355
Result 2025
€2.5m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€4.2m
Investment
-€3.7m
Financing
-€1.2m
Cash 2024
€3.3m
From operations (derived)
+€4.2m
Net result for the year
+€2.5m
Depreciation
+€1.8m
Stocks and contracts
-€14,103
Receivables within one year
-€64,546
Smaller working-capital items
+€5,455
Trade debts
+€7,367
Tax, wage and social debts
-€144,381
Other debts
+€102,345
Accrued charges and deferred income
+€41,588
Investment (derived)
-€3.7m
Investment in fixed assets (net)
-€2.9m
Current investments
-€888,298
Financing
-€1.2m
Contributions, distributions and other
-€1.2m
Cash 2025
€2.6m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,964,762 | €14,209,905 | +€1.2m | +9.6% |
| Fixed assets | 21/28 | €3,708,471 | €4,738,450 | +€1.0m | +27.8% |
| Intangible fixed assets | 21 | €314,161 | €341,979 | +€27,818 | +8.9% |
| Tangible fixed assets | 22/27 | €3,014,665 | €4,111,378 | +€1.1m | +36.4% |
| Land and buildings | 22 | €1,289,379 | €1,068,557 | -€220,822 | -17.1% |
| Plant, machinery and equipment | 23 | €1,635,573 | €2,847,020 | +€1.2m | +74.1% |
| Furniture and vehicles | 24 | €59,345 | €169,223 | +€109,878 | +185% |
| Other tangible fixed assets | 26 | €30,368 | €26,579 | -€3,789 | -12.5% |
| Financial fixed assets | 28 | €379,645 | €285,092 | -€94,552 | -24.9% |
| Affiliated companies | 280/1 | €379,645 | €285,092 | -€94,552 | -24.9% |
| Amounts receivable | 281 | €379,645 | €285,092 | -€94,552 | -24.9% |
| Current assets | 29/58 | €9,256,292 | €9,471,455 | +€215,164 | +2.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €204,336 | €218,439 | +€14,103 | +6.9% |
| Stocks | 30/36 | €204,336 | €218,439 | +€14,103 | +6.9% |
| Raw materials and consumables | 30/31 | €204,336 | €218,439 | +€14,103 | +6.9% |
| Amounts receivable within one year | 40/41 | €3,059,402 | €3,123,948 | +€64,546 | +2.1% |
| Trade receivables | 40 | €2,879,605 | €2,541,032 | -€338,573 | -11.8% |
| Other amounts receivable | 41 | €179,797 | €582,915 | +€403,118 | +224% |
| Current investments | 50/53 | €2,500,000 | €3,388,298 | +€888,298 | +35.5% |
| Other investments | 51/53 | €2,500,000 | €3,388,298 | +€888,298 | +35.5% |
| Cash at bank and in hand | 54/58 | €3,336,072 | €2,588,330 | -€747,742 | -22.4% |
| Deferred charges and accrued income | 490/1 | €156,481 | €152,441 | -€4,040 | -2.6% |
| Total equity and liabilities | 10/49 | €12,964,762 | €14,209,905 | +€1.2m | +9.6% |
| Equity | 10/15 | €9,094,664 | €10,331,473 | +€1.2m | +13.6% |
| Contributions | 10/11 | €4,005,355 | €4,005,355 | = | 0.0% |
| Reserves | 13 | €5,089,309 | €6,326,118 | +€1.2m | +24.3% |
| Non-distributable reserves | 130/1 | €1,890 | €1,890 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,890 | €1,890 | = | 0.0% |
| Distributable reserves | 133 | €5,087,419 | €6,324,228 | +€1.2m | +24.3% |
| Provisions and deferred taxes | 16 | - | €1,415 | +€1,415 | |
| Provisions for liabilities and charges | 160/5 | - | €1,415 | +€1,415 | |
| Pensions and similar obligations | 160 | - | €1,415 | +€1,415 | |
| Amounts payable | 17/49 | €3,870,098 | €3,877,017 | +€6,919 | +0.2% |
| Amounts payable within one year | 42/48 | €3,830,383 | €3,795,714 | -€34,669 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,113,171 | €1,120,539 | +€7,367 | +0.7% |
| Suppliers | 440/4 | €1,113,171 | €1,120,539 | +€7,367 | +0.7% |
| Taxes, remuneration and social security | 45 | €1,556,118 | €1,411,738 | -€144,381 | -9.3% |
| Taxes | 450/3 | €340,010 | €209,800 | -€130,210 | -38.3% |
| Remuneration and social security | 454/9 | €1,216,108 | €1,201,938 | -€14,170 | -1.2% |
| Other amounts payable | 47/48 | €1,161,093 | €1,263,438 | +€102,345 | +8.8% |
| Accrued charges and deferred income | 492/3 | €39,715 | €81,303 | +€41,588 | +105% |
| Operating income | 70/76A | €16,111,872 | €17,703,041 | +€1.6m | +9.9% |
| Turnover | 70 | €14,864,632 | €16,583,670 | +€1.7m | +11.6% |
| Own construction capitalised | 72 | €426,835 | €280,183 | -€146,652 | -34.4% |
| Other operating income | 74 | €818,751 | €803,912 | -€14,839 | -1.8% |
| Non-recurring operating income | 76A | €1,653 | €35,275 | +€33,622 | +2,034% |
| Operating charges | 60/66A | €13,042,384 | €15,033,696 | +€2.0m | +15.3% |
| Goods for resale, raw materials and consumables | 60 | €2,058,738 | €2,073,349 | +€14,611 | +0.7% |
| Purchases | 600/8 | €2,106,194 | €2,087,452 | -€18,742 | -0.9% |
| Change in stocks: decrease (increase) | 609 | -€47,456 | -€14,103 | +€33,353 | +70.3% |
| Services and other goods | 61 | €2,815,206 | €3,831,482 | +€1.0m | +36.1% |
| Remuneration, social security and pensions | 62 | €6,363,098 | €7,058,872 | +€695,774 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,626,930 | €1,824,882 | +€197,952 | +12.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€71,098 | €20,219 | +€91,317 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €1,415 | +€1,415 | |
| Other operating charges | 640/8 | €231,566 | €189,372 | -€42,194 | -18.2% |
| Non-recurring operating charges | 66A | €17,944 | €34,105 | +€16,161 | +90.1% |
| Operating profit (loss) | 9901 | €3,069,488 | €2,669,345 | -€400,143 | -13.0% |
| Financial income | 75/76B | €100,027 | €67,301 | -€32,726 | -32.7% |
| Recurring financial income | 75 | €100,027 | €67,301 | -€32,726 | -32.7% |
| Income from financial fixed assets | 750 | €17,603 | €15,227 | -€2,376 | -13.5% |
| Income from current assets | 751 | €61,931 | €43,561 | -€18,370 | -29.7% |
| Other financial income | 752/9 | €20,494 | €8,513 | -€11,980 | -58.5% |
| Financial charges | 65/66B | €47,066 | €109,119 | +€62,053 | +132% |
| Recurring financial charges | 65 | €19,639 | €109,119 | +€89,481 | +456% |
| Debt charges | 650 | €14,737 | €11,248 | -€3,489 | -23.7% |
| Other financial charges | 652/9 | €4,902 | €97,871 | +€92,969 | +1,897% |
| Non-recurring financial charges | 66B | €27,428 | €0 | -€27,428 | -100% |
| Profit (loss) for the period before taxes | 9903 | €3,122,449 | €2,627,527 | -€494,923 | -15.9% |
| Income taxes | 67/77 | €800,263 | €153,908 | -€646,355 | -80.8% |
| Taxes | 670/3 | €800,263 | €471,814 | -€328,449 | -41.0% |
| Tax adjustments and reversals of tax provisions | 77 | - | €317,905 | +€317,905 | |
| Profit (loss) for the period | 9904 | €2,322,186 | €2,473,618 | +€151,432 | +6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,322,186 | €2,473,618 | +€151,432 | +6.5% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.