Primoris Holding: 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.
What changed
Primoris Holding
NACE 71.209, Other technical testing and analysis
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.2m
2024 · €1.3m-€106,312
Equity
€11.1m
2024 · €10.0m+€1.1m
Cash
€876,141
2024 · €495,979+€380,162
Balance sheet total
€11.6m
2024 · €10.3m+€1.3m
Largest movements
Assets
- Current investments +€390,426
up €390,426 (+20.0%), from €2.0m to €2.3m
- Cash +€380,162
up €380,162 (+76.6%), from €495,979 to €876,141
mainly Net result for the year (+€1.2m) and Depreciation (+€224,122)
- Financial fixed assets +€343,235
up €343,235 (+4.8%), from €7.1m to €7.4m
- Tangible fixed assets +€251,617
up €251,617 (+155%), from €162,672 to €414,289
of which Assets under construction and advance payments: +€166,194
Equity and liabilities
- Reserves +€1.2m
up €1.2m (+15.5%), from €7.4m to €8.6m
of which Distributable reserves: +€1.2m
Income statement
- Turnover +€349,541
up €349,541 (+43.7%), from €799,441 to €1.1m
- Services and other goods +€308,715
up €308,715 (+28.0%), from €1.1m to €1.4m
- Staff costs +€240,744
up €240,744 (+38.6%), from €622,891 to €863,635
- Other operating income +€159,235
up €159,235 (+33.2%), from €479,737 to €638,972
- Financial charges +€129,666
up €129,666 (+983%), from €13,187 to €142,854
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.
Result 2024
€1.3m
Turnover
+€349,541
Other operating income
+€159,235
Services and other goods
-€308,715
Staff costs
-€240,744
Depreciation
+€17,966
Provisions
-€556
Other operating charges
-€5,084
Other operating items
+€12,161
Financial income
+€65,819
Financial charges
-€129,666
Taxes
-€26,268
Result 2025
€1.2m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.6m
Investment
-€1.1m
Financing
-€39,250
Cash 2024
€495,979
From operations (derived)
+€1.6m
Net result for the year
+€1.2m
Depreciation
+€224,122
Receivables within one year
+€17,744
Deferred charges and accrued income
-€5,068
Provisions
+€556
Trade debts
+€66,748
Tax, wage and social debts
+€98,974
Other debts
+€35,490
Accrued charges and deferred income
-€24,429
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€756,426
Current investments
-€390,426
Financing
-€39,250
Contributions, distributions and other
-€39,250
Cash 2025
€876,141
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,284,842 | €11,575,059 | +€1.3m | +12.5% |
| Fixed assets | 21/28 | €7,467,452 | €7,999,757 | +€532,305 | +7.1% |
| Intangible fixed assets | 21 | €220,456 | €157,909 | -€62,547 | -28.4% |
| Tangible fixed assets | 22/27 | €162,672 | €414,289 | +€251,617 | +155% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €8,857 | €6,232 | -€2,625 | -29.6% |
| Furniture and vehicles | 24 | €125,530 | €218,643 | +€93,113 | +74.2% |
| Other tangible fixed assets | 26 | €28,284 | €23,219 | -€5,065 | -17.9% |
| Assets under construction and advance payments | 27 | - | €166,194 | +€166,194 | |
| Financial fixed assets | 28 | €7,084,325 | €7,427,559 | +€343,235 | +4.8% |
| Affiliated companies | 280/1 | €7,084,325 | €7,427,559 | +€343,235 | +4.8% |
| Participating interests | 280 | €6,564,671 | €6,595,161 | +€30,490 | +0.5% |
| Amounts receivable | 281 | €519,654 | €832,398 | +€312,745 | +60.2% |
| Current assets | 29/58 | €2,817,390 | €3,575,302 | +€757,912 | +26.9% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €305,447 | €287,702 | -€17,744 | -5.8% |
| Trade receivables | 40 | €36,022 | €89,912 | +€53,890 | +150% |
| Other amounts receivable | 41 | €269,424 | €197,790 | -€71,634 | -26.6% |
| Current investments | 50/53 | €1,950,000 | €2,340,426 | +€390,426 | +20.0% |
| Other investments | 51/53 | €1,950,000 | €2,340,426 | +€390,426 | +20.0% |
| Cash at bank and in hand | 54/58 | €495,979 | €876,141 | +€380,162 | +76.6% |
| Deferred charges and accrued income | 490/1 | €65,964 | €71,033 | +€5,068 | +7.7% |
| Total equity and liabilities | 10/49 | €10,284,842 | €11,575,059 | +€1.3m | +12.5% |
| Equity | 10/15 | €10,018,268 | €11,131,146 | +€1.1m | +11.1% |
| Contributions | 10/11 | €2,584,350 | €2,545,100 | -€39,250 | -1.5% |
| Reserves | 13 | €7,433,918 | €8,586,046 | +€1.2m | +15.5% |
| 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 | €7,432,028 | €8,584,156 | +€1.2m | +15.5% |
| Provisions and deferred taxes | 16 | - | €556 | +€556 | |
| Provisions for liabilities and charges | 160/5 | - | €556 | +€556 | |
| Pensions and similar obligations | 160 | - | €556 | +€556 | |
| Amounts payable | 17/49 | €266,574 | €443,357 | +€176,783 | +66.3% |
| Amounts payable within one year | 42/48 | €229,660 | €430,871 | +€201,212 | +87.6% |
| Trade debts | 44 | €67,162 | €133,910 | +€66,748 | +99.4% |
| Suppliers | 440/4 | €67,162 | €133,910 | +€66,748 | +99.4% |
| Taxes, remuneration and social security | 45 | €158,738 | €257,712 | +€98,974 | +62.4% |
| Taxes | 450/3 | €8,120 | €19,778 | +€11,658 | +144% |
| Remuneration and social security | 454/9 | €150,618 | €237,934 | +€87,316 | +58.0% |
| Other amounts payable | 47/48 | €3,760 | €39,250 | +€35,490 | +944% |
| Accrued charges and deferred income | 492/3 | €36,914 | €12,485 | -€24,429 | -66.2% |
| Operating income | 70/76A | €1,428,854 | €1,946,489 | +€517,635 | +36.2% |
| Turnover | 70 | €799,441 | €1,148,982 | +€349,541 | +43.7% |
| Other operating income | 74 | €479,737 | €638,972 | +€159,235 | +33.2% |
| Non-recurring operating income | 76A | €149,676 | €158,535 | +€8,859 | +5.9% |
| Operating charges | 60/66A | €2,004,863 | €2,538,695 | +€533,831 | +26.6% |
| Services and other goods | 61 | €1,103,102 | €1,411,817 | +€308,715 | +28.0% |
| Remuneration, social security and pensions | 62 | €622,891 | €863,635 | +€240,744 | +38.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €242,087 | €224,122 | -€17,966 | -7.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €556 | +€556 | |
| Other operating charges | 640/8 | €30,970 | €36,054 | +€5,084 | +16.4% |
| Non-recurring operating charges | 66A | €5,813 | €2,512 | -€3,301 | -56.8% |
| Operating profit (loss) | 9901 | -€576,009 | -€592,205 | -€16,196 | -2.8% |
| Financial income | 75/76B | €1,924,920 | €1,990,739 | +€65,819 | +3.4% |
| Recurring financial income | 75 | €1,924,920 | €1,990,739 | +€65,819 | +3.4% |
| Income from financial fixed assets | 750 | €1,858,919 | €1,912,493 | +€53,574 | +2.9% |
| Income from current assets | 751 | €26,471 | €43,988 | +€17,517 | +66.2% |
| Other financial income | 752/9 | €39,530 | €34,258 | -€5,272 | -13.3% |
| Financial charges | 65/66B | €13,187 | €142,854 | +€129,666 | +983% |
| Recurring financial charges | 65 | €13,187 | €142,854 | +€129,666 | +983% |
| Debt charges | 650 | €7,947 | €7,238 | -€708 | -8.9% |
| Other financial charges | 652/9 | €5,241 | €135,615 | +€130,374 | +2,488% |
| Profit (loss) for the period before taxes | 9903 | €1,335,724 | €1,255,680 | -€80,044 | -6.0% |
| Income taxes | 67/77 | €77,284 | €103,552 | +€26,268 | +34.0% |
| Taxes | 670/3 | €77,284 | €103,552 | +€26,268 | +34.0% |
| Profit (loss) for the period | 9904 | €1,258,439 | €1,152,128 | -€106,312 | -8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,258,439 | €1,152,128 | -€106,312 | -8.4% |
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 17 October 2026 via checked.be.