Priority Software Belgium: what changed
Two fiscal 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.
Priority Software Belgium
Largest movements
- Receivables within one year -€5.2m
down €5.2m (-74.5%), from €6.9m to €1.8m
of which Trade receivables: -€4.8m
- Cash +€146,131
up €146,131 (+52.4%), from €278,939 to €425,070
mainly Receivables within one year (+€5.2m) and Net result for the year (+€148,278)
- Tangible fixed assets +€142,769
up €142,769 (+192.0%), from €74,340 to €217,109
of which Land and buildings: +€131,523
- Deferred charges and accrued income -€96,213
down €96,213 (-73.6%), from €130,678 to €34,465
- Trade debts -€4.6m
down €4.6m (-90.6%), from €5.1m to €478,475
- Tax, wage and social debts -€727,702
down €727,702 (-63.5%), from €1.1m to €418,774
of which Taxes: -€625,967
- Profit (loss) carried forward +€148,278
up €148,278 (+14.9%), from €993,373 to €1.1m
- Accrued charges and deferred income +€134,981
up €134,981 (+311.2%), from €43,371 to €178,352
- Debts after one year +€118,125
new in 2025: €118,125
- Staff costs -€257,079
down €257,079 (-11.4%), from €2.2m to €2.0m
- Gross operating margin -€194,592
down €194,592 (-7.9%), from €2.5m to €2.3m
- Depreciation -€171,050
down €171,050 (-75.9%), from €225,355 to €54,305
- Financial income -€51,587
down €51,587 (-47.7%), from €108,177 to €56,590
- Write-downs -€28,079
down €28,079 (-59.3%), from €47,328 to €19,250
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.
Cash bridge derived
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 | €7,403,852 | €2,465,089 | -€4.9m | -66.7% |
| Fixed assets | 21/28 | €74,676 | €237,813 | +€163,136 | +218.5% |
| Intangible fixed assets | 21 | - | €20,368 | +€20,368 | |
| Tangible fixed assets | 22/27 | €74,340 | €217,109 | +€142,769 | +192.0% |
| Land and buildings | 22 | €41,993 | €173,516 | +€131,523 | +313.2% |
| Plant, machinery and equipment | 23 | €22,421 | €15,993 | -€6,429 | -28.7% |
| Furniture and vehicles | 24 | €9,926 | €27,601 | +€17,674 | +178.1% |
| Financial fixed assets | 28 | €336 | €336 | = | 0.0% |
| Current assets | 29/58 | €7,329,176 | €2,227,277 | -€5.1m | -69.6% |
| Stocks and contracts in progress | 3 | €3,707 | €4,782 | +€1,075 | +29.0% |
| Stocks | 30/36 | €3,707 | €4,782 | +€1,075 | +29.0% |
| Amounts receivable within one year | 40/41 | €6,915,853 | €1,762,960 | -€5.2m | -74.5% |
| Trade receivables | 40 | €5,590,677 | €750,984 | -€4.8m | -86.6% |
| Other amounts receivable | 41 | €1,325,176 | €1,011,976 | -€313,200 | -23.6% |
| Cash at bank and in hand | 54/58 | €278,939 | €425,070 | +€146,131 | +52.4% |
| Deferred charges and accrued income | 490/1 | €130,678 | €34,465 | -€96,213 | -73.6% |
| Total equity and liabilities | 10/49 | €7,403,852 | €2,465,089 | -€4.9m | -66.7% |
| Equity | 10/15 | €1,109,585 | €1,257,863 | +€148,278 | +13.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €16,212 | €16,212 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,212 | €6,212 | = | 0.0% |
| Profit (loss) carried forward | 14 | €993,373 | €1,141,651 | +€148,278 | +14.9% |
| Amounts payable | 17/49 | €6,294,267 | €1,207,226 | -€5.1m | -80.8% |
| Amounts payable after more than one year | 17 | - | €118,125 | +€118,125 | |
| Financial debts | 170/4 | - | €118,125 | +€118,125 | |
| Amounts payable within one year | 42/48 | €6,250,896 | €910,749 | -€5.3m | -85.4% |
| Current portion of amounts payable after more than one year | 42 | - | €13,500 | +€13,500 | |
| Trade debts | 44 | €5,104,420 | €478,475 | -€4.6m | -90.6% |
| Suppliers | 440/4 | €5,104,420 | €478,475 | -€4.6m | -90.6% |
| Taxes, remuneration and social security | 45 | €1,146,476 | €418,774 | -€727,702 | -63.5% |
| Taxes | 450/3 | €799,927 | €173,960 | -€625,967 | -78.3% |
| Remuneration and social security | 454/9 | €346,549 | €244,814 | -€101,736 | -29.4% |
| Accrued charges and deferred income | 492/3 | €43,371 | €178,352 | +€134,981 | +311.2% |
| Non-recurring operating income | 76A | €29,730 | €10,421 | -€19,309 | -64.9% |
| Remuneration, social security and pensions | 62 | €2,245,520 | €1,988,442 | -€257,079 | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €225,355 | €54,305 | -€171,050 | -75.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €47,328 | €19,250 | -€28,079 | -59.3% |
| Other operating charges | 640/8 | €15,775 | €21,457 | +€5,682 | +36.0% |
| Gross operating margin | 9900 | €2,467,691 | €2,273,099 | -€194,592 | -7.9% |
| Operating profit (loss) | 9901 | -€66,287 | €189,646 | +€255,934 | |
| Financial income | 75/76B | €108,177 | €56,590 | -€51,587 | -47.7% |
| Recurring financial income | 75 | €108,177 | €56,590 | -€51,587 | -47.7% |
| Financial charges | 65/66B | €8,995 | €13,741 | +€4,746 | +52.8% |
| Recurring financial charges | 65 | €8,995 | €13,741 | +€4,746 | +52.8% |
| Profit (loss) for the period before taxes | 9903 | €32,895 | €232,495 | +€199,600 | +606.8% |
| Income taxes | 67/77 | €89,638 | €84,217 | -€5,421 | -6.0% |
| Profit (loss) for the period | 9904 | -€56,743 | €148,278 | +€205,021 | |
| Transfer from tax-exempt reserves | 789 | €195,115 | - | -€195,115 | |
| Profit (loss) for the period to be appropriated | 9905 | €138,372 | €148,278 | +€9,907 | +7.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.