PRAGM'ETHIC: 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.
PRAGM'ETHIC
Largest movements
- Cash +€17,463
up €17,463 (+193388.6%), from €9 to €17,472
mainly Net result for the year (+€38,926) and Trade debts (+€14,551)
- Tangible fixed assets +€3,852
up €3,852 (+513.8%), from €750 to €4,602
of which Furniture and vehicles: +€2,133
- Receivables within one year +€1,036
up €1,036 (+10.6%), from €9,764 to €10,800
of which Trade receivables: +€1,036
- Deferred charges and accrued income -€420
down €420 (-30.8%), from €1,364 to €944
- Profit (loss) carried forward +€38,926
up €38,926 (+84.5%), from -€46,087 to -€7,161
- Short-term financial debts -€18,257
down €18,257 (-100.0%), from €18,257 to €0
- Trade debts +€14,551
up €14,551 (+764.7%), from €1,903 to €16,454
- Other debts -€13,649
down €13,649 (-80.1%), from €17,030 to €3,381
- Tax, wage and social debts +€361
up €361 (+71.7%), from €503 to €864
of which Taxes: +€361
- Purchases and services -€77,188
no longer reported in 2025 (was €77,188)
- Turnover -€64,535
no longer reported in 2025 (was €64,535)
- Gross operating margin +€44,953
up €44,953, from -€315 to €44,638
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 | €12,066 | €33,998 | +€21,932 | +181.8% |
| Fixed assets | 21/28 | €930 | €4,782 | +€3,852 | +414.3% |
| Tangible fixed assets | 22/27 | €750 | €4,602 | +€3,852 | +513.8% |
| Plant, machinery and equipment | 23 | - | €1,944 | +€1,944 | |
| Furniture and vehicles | 24 | €75 | €2,208 | +€2,133 | +2828.6% |
| Leasing and similar rights | 25 | €224 | €0 | -€224 | -100.0% |
| Other tangible fixed assets | 26 | €450 | €450 | = | 0.0% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €11,136 | €29,216 | +€18,080 | +162.4% |
| Amounts receivable within one year | 40/41 | €9,764 | €10,800 | +€1,036 | +10.6% |
| Trade receivables | 40 | €9,764 | €10,800 | +€1,036 | +10.6% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €9 | €17,472 | +€17,463 | +193388.6% |
| Deferred charges and accrued income | 490/1 | €1,364 | €944 | -€420 | -30.8% |
| Total equity and liabilities | 10/49 | €12,066 | €33,998 | +€21,932 | +181.8% |
| Equity | 10/15 | -€25,627 | €13,299 | +€38,926 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,087 | -€7,161 | +€38,926 | +84.5% |
| Amounts payable | 17/49 | €37,693 | €20,699 | -€16,994 | -45.1% |
| Amounts payable within one year | 42/48 | €37,693 | €20,699 | -€16,994 | -45.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €18,257 | €0 | -€18,257 | -100.0% |
| Credit institutions | 430/8 | €18,257 | €0 | -€18,257 | -100.0% |
| Trade debts | 44 | €1,903 | €16,454 | +€14,551 | +764.7% |
| Suppliers | 440/4 | €1,903 | €16,454 | +€14,551 | +764.7% |
| Taxes, remuneration and social security | 45 | €503 | €864 | +€361 | +71.7% |
| Taxes | 450/3 | €503 | €864 | +€361 | +71.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €17,030 | €3,381 | -€13,649 | -80.1% |
| Turnover | 70 | €64,535 | - | -€64,535 | |
| Goods, raw materials, services and sundry goods | 60/61 | €77,188 | - | -€77,188 | |
| Remuneration, social security and pensions | 62 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €809 | €623 | -€186 | -23.0% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | -€315 | €44,638 | +€44,953 | |
| Operating profit (loss) | 9901 | -€1,511 | €44,015 | +€45,526 | |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €5,023 | €4,931 | -€92 | -1.8% |
| Recurring financial charges | 65 | €5,023 | €4,931 | -€92 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | -€6,534 | €39,091 | +€45,625 | |
| Income taxes | 67/77 | - | €165 | +€165 | |
| Profit (loss) for the period | 9904 | -€6,534 | €38,926 | +€45,460 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,534 | €38,926 | +€45,460 |
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 1 October 2026 via checked.be.