PRIMUM: 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.
PRIMUM
Largest movements
- Receivables within one year +€42,411
up €42,411 (+1,492%), from €2,843 to €45,254
of which Trade receivables: +€43,623
- Receivables after one year +€37,291
up €37,291 (+55.3%), from €67,437 to €104,728
- Cash -€34,765
down €34,765 (-90.8%), from €38,302 to €3,537
- Stocks and contracts -€15,220
no longer reported in 2025 (was €15,220)
- Tangible fixed assets -€3,384
down €3,384 (-87.0%), from €3,888 to €504
of which Furniture and vehicles: -€3,078
- Advances received +€43,521
new in 2025: €43,521
- Trade debts -€17,907
down €17,907 (-100.0%), from €17,910 to €3
- Reserves +€8,300
up €8,300 (+16.9%), from €49,112 to €57,412
- Tax, wage and social debts -€7,969
down €7,969 (-66.6%), from €11,963 to €3,994
of which Remuneration and social security: -€4,925
- Staff costs +€59,431
up €59,431 (+154%), from €38,708 to €98,139
- Gross operating margin +€54,973
up €54,973 (+86.5%), from €63,585 to €118,558
- Other operating charges +€4,733
up €4,733 (+630%), from €751 to €5,484
- Taxes -€3,044
down €3,044 (-43.3%), from €7,038 to €3,994
- Financial charges +€2,018
up €2,018 (+497%), from €406 to €2,424
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €129,121 | €155,066 | +€25,945 | +20.1% |
| Fixed assets | 21/28 | €3,888 | €504 | -€3,384 | -87.0% |
| Tangible fixed assets | 22/27 | €3,888 | €504 | -€3,384 | -87.0% |
| Plant, machinery and equipment | 23 | €306 | - | -€306 | |
| Furniture and vehicles | 24 | €3,582 | €504 | -€3,078 | -85.9% |
| Current assets | 29/58 | €125,233 | €154,562 | +€29,329 | +23.4% |
| Amounts receivable after more than one year | 29 | €67,437 | €104,728 | +€37,291 | +55.3% |
| Other amounts receivable | 291 | €67,437 | €104,728 | +€37,291 | +55.3% |
| Stocks and contracts in progress | 3 | €15,220 | - | -€15,220 | |
| Stocks | 30/36 | €15,220 | - | -€15,220 | |
| Amounts receivable within one year | 40/41 | €2,843 | €45,254 | +€42,411 | +1,492% |
| Trade receivables | 40 | - | €43,623 | +€43,623 | |
| Other amounts receivable | 41 | €2,843 | €1,631 | -€1,212 | -42.6% |
| Cash at bank and in hand | 54/58 | €38,302 | €3,537 | -€34,765 | -90.8% |
| Deferred charges and accrued income | 490/1 | €1,431 | €1,043 | -€388 | -27.1% |
| Total equity and liabilities | 10/49 | €129,121 | €155,066 | +€25,945 | +20.1% |
| Equity | 10/15 | €99,248 | €107,548 | +€8,300 | +8.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €49,112 | €57,412 | +€8,300 | +16.9% |
| Distributable reserves | 133 | €49,112 | €57,412 | +€8,300 | +16.9% |
| Profit (loss) carried forward | 14 | €37,736 | €37,736 | = | 0.0% |
| Amounts payable | 17/49 | €29,873 | €47,518 | +€17,645 | +59.1% |
| Amounts payable within one year | 42/48 | €29,873 | €47,518 | +€17,645 | +59.1% |
| Trade debts | 44 | €17,910 | €3 | -€17,907 | -100.0% |
| Suppliers | 440/4 | €17,910 | €3 | -€17,907 | -100.0% |
| Advances received on contracts in progress | 46 | - | €43,521 | +€43,521 | |
| Taxes, remuneration and social security | 45 | €11,963 | €3,994 | -€7,969 | -66.6% |
| Taxes | 450/3 | €7,038 | €3,994 | -€3,044 | -43.3% |
| Remuneration and social security | 454/9 | €4,925 | - | -€4,925 | |
| Remuneration, social security and pensions | 62 | €38,708 | €98,139 | +€59,431 | +154% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,083 | €1,765 | -€318 | -15.3% |
| Other operating charges | 640/8 | €751 | €5,484 | +€4,733 | +630% |
| Gross operating margin | 9900 | €63,585 | €118,558 | +€54,973 | +86.5% |
| Operating profit (loss) | 9901 | €22,043 | €13,170 | -€8,873 | -40.3% |
| Financial income | 75/76B | €996 | €1,548 | +€552 | +55.4% |
| Recurring financial income | 75 | €996 | €1,548 | +€552 | +55.4% |
| Financial charges | 65/66B | €406 | €2,424 | +€2,018 | +497% |
| Recurring financial charges | 65 | €406 | €2,424 | +€2,018 | +497% |
| Profit (loss) for the period before taxes | 9903 | €22,633 | €12,294 | -€10,339 | -45.7% |
| Income taxes | 67/77 | €7,038 | €3,994 | -€3,044 | -43.3% |
| Profit (loss) for the period | 9904 | €15,595 | €8,300 | -€7,295 | -46.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,595 | €8,300 | -€7,295 | -46.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.