Pagura: what changed
Pagura
Largest movements
- Tangible fixed assets -€7,836
down €7,836 (-31.0%), from €25,248 to €17,411
of which Leasing and similar rights: -€7,836
- Receivables within one year -€7,717
down €7,717 (-89.5%), from €8,620 to €903
of which Trade receivables: -€8,196
- Cash +€2,484
up €2,484 (+45.5%), from €5,462 to €7,946
mainly Depreciation (+€7,836) and Receivables within one year (+€7,717)
- Profit (loss) carried forward -€4,830
down €4,830 (-37.5%), from €12,892 to €8,061
- Debts after one year -€4,298
down €4,298 (-45.3%), from €9,497 to €5,199
- Tax, wage and social debts -€2,348
down €2,348 (-55.8%), from €4,207 to €1,859
of which Taxes: -€2,348
- Trade debts -€2,136
down €2,136 (-50.1%), from €4,266 to €2,130
- Financial charges +€1,007
up €1,007 (+79.1%), from €1,273 to €2,280
- Gross operating margin -€877
down €877 (-12.9%), from €6,774 to €5,897
- Taxes -€609
down €609 (-49.9%), from €1,220 to €611
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €39,330 | €26,260 | -€13,070 | -33.2% |
| Fixed assets | 21/28 | €25,248 | €17,411 | -€7,836 | -31.0% |
| Tangible fixed assets | 22/27 | €25,248 | €17,411 | -€7,836 | -31.0% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Leasing and similar rights | 25 | €25,248 | €17,411 | -€7,836 | -31.0% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €14,083 | €8,849 | -€5,233 | -37.2% |
| Amounts receivable within one year | 40/41 | €8,620 | €903 | -€7,717 | -89.5% |
| Trade receivables | 40 | €8,196 | €0 | -€8,196 | -100% |
| Other amounts receivable | 41 | €424 | €903 | +€479 | +113% |
| Cash at bank and in hand | 54/58 | €5,462 | €7,946 | +€2,484 | +45.5% |
| Total equity and liabilities | 10/49 | €39,330 | €26,260 | -€13,070 | -33.2% |
| Equity | 10/15 | €18,002 | €13,171 | -€4,830 | -26.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €5,010 | €5,010 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10 | €10 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10 | €10 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,892 | €8,061 | -€4,830 | -37.5% |
| Amounts payable | 17/49 | €21,328 | €13,089 | -€8,239 | -38.6% |
| Amounts payable after more than one year | 17 | €9,497 | €5,199 | -€4,298 | -45.3% |
| Financial debts | 170/4 | €9,497 | €5,199 | -€4,298 | -45.3% |
| Amounts payable within one year | 42/48 | €11,831 | €7,890 | -€3,941 | -33.3% |
| Current portion of amounts payable after more than one year | 42 | €2,682 | €2,978 | +€296 | +11.0% |
| Trade debts | 44 | €4,266 | €2,130 | -€2,136 | -50.1% |
| Suppliers | 440/4 | €4,266 | €2,130 | -€2,136 | -50.1% |
| Taxes, remuneration and social security | 45 | €4,207 | €1,859 | -€2,348 | -55.8% |
| Taxes | 450/3 | €4,207 | €1,859 | -€2,348 | -55.8% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €676 | €923 | +€247 | +36.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,836 | €7,836 | = | 0.0% |
| Other operating charges | 640/8 | €30 | - | -€30 | |
| Gross operating margin | 9900 | €6,774 | €5,897 | -€877 | -12.9% |
| Operating profit (loss) | 9901 | -€1,092 | -€1,939 | -€847 | -77.6% |
| Financial income | 75/76B | €0 | €0 | = | |
| Recurring financial income | 75 | €0 | €0 | = | |
| Financial charges | 65/66B | €1,273 | €2,280 | +€1,007 | +79.1% |
| Recurring financial charges | 65 | €1,273 | €2,280 | +€1,007 | +79.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,365 | -€4,219 | -€1,854 | -78.4% |
| Income taxes | 67/77 | €1,220 | €611 | -€609 | -49.9% |
| Profit (loss) for the period | 9904 | -€3,585 | -€4,830 | -€1,245 | -34.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,585 | -€4,830 | -€1,245 | -34.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.