Go Pragma: 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.
Go Pragma
Largest movements
- Receivables within one year -€202,172
down €202,172 (-78.3%), from €258,359 to €56,187
of which Other amounts receivable: -€234,514
- Cash +€139,782
up €139,782 (+708%), from €19,744 to €159,525
mainly Receivables within one year (+€202,172) and Net result for the year (+€65,051)
- Receivables after one year +€126,317
up €126,317 (+312%), from €40,523 to €166,840
of which Other amounts receivable: +€126,000
- Tangible fixed assets -€4,242
down €4,242 (-32.0%), from €13,247 to €9,006
of which Furniture and vehicles: -€3,474
- Reserves +€65,051
up €65,051 (+24.7%), from €263,353 to €328,404
- Tax, wage and social debts -€52,409
down €52,409 (-77.9%), from €67,242 to €14,833
of which Taxes: -€54,843
- Other debts +€47,223
up €47,223, from €0 to €47,223
- Gross operating margin +€44,350
up €44,350 (+114%), from €38,966 to €83,316
- Financial income -€14,880
down €14,880 (-60.3%), from €24,688 to €9,808
- Taxes +€5,378
up €5,378 (+42.6%), from €12,613 to €17,991
- Depreciation -€3,078
down €3,078 (-42.0%), from €7,320 to €4,242
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 | €337,959 | €399,403 | +€61,444 | +18.2% |
| Fixed assets | 21/28 | €13,247 | €9,006 | -€4,242 | -32.0% |
| Tangible fixed assets | 22/27 | €13,247 | €9,006 | -€4,242 | -32.0% |
| Furniture and vehicles | 24 | €6,961 | €3,487 | -€3,474 | -49.9% |
| Other tangible fixed assets | 26 | €6,287 | €5,519 | -€768 | -12.2% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €324,711 | €390,397 | +€65,686 | +20.2% |
| Amounts receivable after more than one year | 29 | €40,523 | €166,840 | +€126,317 | +312% |
| Trade receivables | 290 | €40,523 | €40,840 | +€317 | +0.8% |
| Other amounts receivable | 291 | €0 | €126,000 | +€126,000 | |
| Amounts receivable within one year | 40/41 | €258,359 | €56,187 | -€202,172 | -78.3% |
| Trade receivables | 40 | €14,394 | €46,736 | +€32,342 | +225% |
| Other amounts receivable | 41 | €243,965 | €9,451 | -€234,514 | -96.1% |
| Cash at bank and in hand | 54/58 | €19,744 | €159,525 | +€139,782 | +708% |
| Deferred charges and accrued income | 490/1 | €6,085 | €7,844 | +€1,759 | +28.9% |
| Total equity and liabilities | 10/49 | €337,959 | €399,403 | +€61,444 | +18.2% |
| Equity | 10/15 | €266,353 | €331,404 | +€65,051 | +24.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €263,353 | €328,404 | +€65,051 | +24.7% |
| Distributable reserves | 133 | €263,353 | €328,404 | +€65,051 | +24.7% |
| Amounts payable | 17/49 | €71,605 | €67,998 | -€3,607 | -5.0% |
| Amounts payable within one year | 42/48 | €71,605 | €67,998 | -€3,607 | -5.0% |
| Trade debts | 44 | €4,364 | €5,943 | +€1,579 | +36.2% |
| Suppliers | 440/4 | €4,364 | €5,943 | +€1,579 | +36.2% |
| Taxes, remuneration and social security | 45 | €67,242 | €14,833 | -€52,409 | -77.9% |
| Taxes | 450/3 | €64,846 | €10,003 | -€54,843 | -84.6% |
| Remuneration and social security | 454/9 | €2,395 | €4,829 | +€2,434 | +102% |
| Other amounts payable | 47/48 | €0 | €47,223 | +€47,223 | |
| Non-recurring operating income | 76A | - | €178 | +€178 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,320 | €4,242 | -€3,078 | -42.0% |
| Other operating charges | 640/8 | €986 | €1,018 | +€33 | +3.3% |
| Non-recurring operating charges | 66A | - | €4,606 | +€4,606 | |
| Gross operating margin | 9900 | €38,966 | €83,316 | +€44,350 | +114% |
| Operating profit (loss) | 9901 | €30,660 | €73,450 | +€42,789 | +140% |
| Financial income | 75/76B | €24,688 | €9,808 | -€14,880 | -60.3% |
| Recurring financial income | 75 | €24,688 | €9,808 | -€14,880 | -60.3% |
| Financial charges | 65/66B | €73 | €215 | +€142 | +194% |
| Recurring financial charges | 65 | €73 | €215 | +€142 | +194% |
| Profit (loss) for the period before taxes | 9903 | €55,275 | €83,042 | +€27,767 | +50.2% |
| Income taxes | 67/77 | €12,613 | €17,991 | +€5,378 | +42.6% |
| Profit (loss) for the period | 9904 | €42,662 | €65,051 | +€22,389 | +52.5% |
| Profit (loss) for the period to be appropriated | 9905 | €42,662 | €65,051 | +€22,389 | +52.5% |
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 19 October 2026 via checked.be.