FRAGMATIX: 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.
FRAGMATIX
Largest movements
- Cash +€42,997
up €42,997 (+47.1%), from €91,202 to €134,199
mainly Other debts (+€186,520) and Net result for the year (+€46,184)
- Current investments +€35,863
up €35,863 (+12.7%), from €283,193 to €319,056
- Tangible fixed assets -€18,365
down €18,365 (-28.5%), from €64,367 to €46,002
of which Furniture and vehicles: -€18,365
- Receivables within one year -€5,748
down €5,748 (-39.2%), from €14,644 to €8,896
of which Trade receivables: -€5,364
- Other debts +€186,520
up €186,520 (+11,212%), from €1,664 to €188,183
- Reserves -€139,308
down €139,308 (-33.0%), from €422,330 to €283,023
of which Distributable reserves: -€139,308
- Tax, wage and social debts +€5,125
up €5,125 (+43.1%), from €11,896 to €17,021
- Gross operating margin +€12,527
up €12,527 (+17.2%), from €72,817 to €85,344
- Taxes +€5,059
up €5,059 (+29.8%), from €16,985 to €22,045
- Depreciation -€4,384
down €4,384 (-19.3%), from €22,749 to €18,365
- Financial charges -€896
down €896 (-43.4%), from €2,066 to €1,170
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 | €455,542 | €508,598 | +€53,056 | +11.6% |
| Fixed assets | 21/28 | €64,367 | €46,002 | -€18,365 | -28.5% |
| Tangible fixed assets | 22/27 | €64,367 | €46,002 | -€18,365 | -28.5% |
| Furniture and vehicles | 24 | €55,134 | €36,770 | -€18,365 | -33.3% |
| Other tangible fixed assets | 26 | €9,232 | €9,232 | = | 0.0% |
| Current assets | 29/58 | €391,176 | €462,596 | +€71,421 | +18.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €1,411 | €445 | -€966 | -68.5% |
| Stocks | 30/36 | €1,411 | €445 | -€966 | -68.5% |
| Amounts receivable within one year | 40/41 | €14,644 | €8,896 | -€5,748 | -39.2% |
| Trade receivables | 40 | €14,261 | €8,896 | -€5,364 | -37.6% |
| Other amounts receivable | 41 | €383 | €0 | -€383 | -100% |
| Current investments | 50/53 | €283,193 | €319,056 | +€35,863 | +12.7% |
| Cash at bank and in hand | 54/58 | €91,202 | €134,199 | +€42,997 | +47.1% |
| Deferred charges and accrued income | 490/1 | €726 | €0 | -€726 | -100% |
| Total equity and liabilities | 10/49 | €455,542 | €508,598 | +€53,056 | +11.6% |
| Equity | 10/15 | €440,930 | €301,623 | -€139,308 | -31.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €422,330 | €283,023 | -€139,308 | -33.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €420,470 | €281,163 | -€139,308 | -33.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €14,612 | €206,975 | +€192,364 | +1,317% |
| Amounts payable within one year | 42/48 | €14,612 | €206,975 | +€192,364 | +1,317% |
| Trade debts | 44 | €1,052 | €1,772 | +€720 | +68.4% |
| Suppliers | 440/4 | €1,052 | €1,772 | +€720 | +68.4% |
| Taxes, remuneration and social security | 45 | €11,896 | €17,021 | +€5,125 | +43.1% |
| Taxes | 450/3 | €11,896 | €17,021 | +€5,125 | +43.1% |
| Other amounts payable | 47/48 | €1,664 | €188,183 | +€186,520 | +11,212% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,749 | €18,365 | -€4,384 | -19.3% |
| Other operating charges | 640/8 | €585 | €865 | +€280 | +47.8% |
| Gross operating margin | 9900 | €72,817 | €85,344 | +€12,527 | +17.2% |
| Operating profit (loss) | 9901 | €49,483 | €66,114 | +€16,631 | +33.6% |
| Financial income | 75/76B | €3,558 | €3,285 | -€273 | -7.7% |
| Recurring financial income | 75 | €3,558 | €3,285 | -€273 | -7.7% |
| Financial charges | 65/66B | €2,066 | €1,170 | -€896 | -43.4% |
| Recurring financial charges | 65 | €2,066 | €1,170 | -€896 | -43.4% |
| Profit (loss) for the period before taxes | 9903 | €50,974 | €68,228 | +€17,254 | +33.8% |
| Income taxes | 67/77 | €16,985 | €22,045 | +€5,059 | +29.8% |
| Profit (loss) for the period | 9904 | €33,989 | €46,184 | +€12,195 | +35.9% |
| Profit (loss) for the period to be appropriated | 9905 | €33,989 | €46,184 | +€12,195 | +35.9% |
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 18 October 2026 via checked.be.