PRIMUM MOVENS: 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 MOVENS
Largest movements
- Receivables after one year +€100,000
up €100,000 (+6.5%), from €1.5m to €1.6m
- Cash -€47,209
down €47,209 (-21.4%), from €220,961 to €173,753
mainly Receivables after one year (-€100,000) and Other debts (-€3,054)
- Reserves +€57,312
up €57,312 (+3.3%), from €1.7m to €1.8m
- Financial income -€23,421
down €23,421 (-22.3%), from €105,119 to €81,698
- Gross operating margin -€3,423
down €3,423 (-38.0%), from -€9,008 to -€12,432
- Taxes +€780
up €780 (+8.9%), from €8,809 to €9,590
- Other operating charges -€266
down €266 (-11.0%), from €2,414 to €2,148
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 | €1,778,771 | €1,833,262 | +€54,491 | +3.1% |
| Fixed assets | 21/28 | €18,000 | €18,000 | = | 0.0% |
| Financial fixed assets | 28 | €18,000 | €18,000 | = | 0.0% |
| Current assets | 29/58 | €1,760,771 | €1,815,262 | +€54,491 | +3.1% |
| Amounts receivable after more than one year | 29 | €1,535,000 | €1,635,000 | +€100,000 | +6.5% |
| Other amounts receivable | 291 | €1,535,000 | €1,635,000 | +€100,000 | +6.5% |
| Amounts receivable within one year | 40/41 | €630 | €630 | = | 0.0% |
| Trade receivables | 40 | €630 | €630 | = | 0.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €220,961 | €173,753 | -€47,209 | -21.4% |
| Deferred charges and accrued income | 490/1 | €4,179 | €5,880 | +€1,700 | +40.7% |
| Total equity and liabilities | 10/49 | €1,778,771 | €1,833,262 | +€54,491 | +3.1% |
| Equity | 10/15 | €1,761,118 | €1,818,430 | +€57,312 | +3.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,733,045 | €1,790,358 | +€57,312 | +3.3% |
| Distributable reserves | 133 | €1,733,045 | €1,790,358 | +€57,312 | +3.3% |
| Profit (loss) carried forward | 14 | €21,873 | €21,873 | = | 0.0% |
| Amounts payable | 17/49 | €17,653 | €14,832 | -€2,821 | -16.0% |
| Amounts payable within one year | 42/48 | €17,653 | €14,832 | -€2,821 | -16.0% |
| Trade debts | 44 | €334 | €189 | -€145 | -43.3% |
| Suppliers | 440/4 | €334 | €189 | -€145 | -43.3% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €8,696 | €9,073 | +€377 | +4.3% |
| Taxes | 450/3 | €8,696 | €9,073 | +€377 | +4.3% |
| Other amounts payable | 47/48 | €8,624 | €5,570 | -€3,054 | -35.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €2,414 | €2,148 | -€266 | -11.0% |
| Gross operating margin | 9900 | -€9,008 | -€12,432 | -€3,423 | -38.0% |
| Operating profit (loss) | 9901 | -€11,422 | -€14,580 | -€3,158 | -27.6% |
| Financial income | 75/76B | €105,119 | €81,698 | -€23,421 | -22.3% |
| Recurring financial income | 75 | €105,119 | €81,698 | -€23,421 | -22.3% |
| Financial charges | 65/66B | €179 | €216 | +€38 | +21.0% |
| Recurring financial charges | 65 | €179 | €216 | +€38 | +21.0% |
| Profit (loss) for the period before taxes | 9903 | €93,518 | €66,902 | -€26,617 | -28.5% |
| Income taxes | 67/77 | €8,809 | €9,590 | +€780 | +8.9% |
| Profit (loss) for the period | 9904 | €84,709 | €57,312 | -€27,397 | -32.3% |
| Profit (loss) for the period to be appropriated | 9905 | €84,709 | €57,312 | -€27,397 | -32.3% |
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 16 October 2026 via checked.be.