PRAGM-IT: 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.
PRAGM-IT
Largest movements
- Receivables after one year -€122,575
down €122,575 (-67.0%), from €182,940 to €60,365
- Receivables within one year -€93,499
down €93,499 (-35.6%), from €262,954 to €169,455
of which Trade receivables: -€83,241
- Cash +€81,181
new in 2025: €81,181
mainly Receivables after one year (+€122,575) and Receivables within one year (+€93,499)
- Current investments -€39,594
down €39,594 (-70.6%), from €56,094 to €16,500
- Deferred charges and accrued income +€27,144
up €27,144 (+1,939%), from €1,400 to €28,544
- Reserves -€109,816
down €109,816 (-31.1%), from €353,624 to €243,808
of which Tax-exempt reserves: -€109,816
- Accrued charges and deferred income -€37,500
down €37,500 (-42.9%), from €87,500 to €50,000
- Trade debts -€16,456
down €16,456 (-72.3%), from €22,766 to €6,310
- Gross operating margin -€35,360
down €35,360 (-18.7%), from €189,319 to €153,959
- Taxes -€12,721
down €12,721 (-40.2%), from €31,674 to €18,953
- Other operating charges -€6,777
down €6,777 (-10.3%), from €65,957 to €59,179
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 | €561,856 | €392,524 | -€169,332 | -30.1% |
| Fixed assets | 21/28 | €58,468 | €36,479 | -€21,989 | -37.6% |
| Tangible fixed assets | 22/27 | €53,329 | €28,340 | -€24,989 | -46.9% |
| Plant, machinery and equipment | 23 | €14,666 | €10,946 | -€3,720 | -25.4% |
| Furniture and vehicles | 24 | €32,415 | €11,238 | -€21,178 | -65.3% |
| Other tangible fixed assets | 26 | €6,248 | €6,156 | -€92 | -1.5% |
| Financial fixed assets | 28 | €5,139 | €8,139 | +€3,000 | +58.4% |
| Current assets | 29/58 | €503,388 | €356,045 | -€147,343 | -29.3% |
| Amounts receivable after more than one year | 29 | €182,940 | €60,365 | -€122,575 | -67.0% |
| Other amounts receivable | 291 | €182,940 | €60,365 | -€122,575 | -67.0% |
| Amounts receivable within one year | 40/41 | €262,954 | €169,455 | -€93,499 | -35.6% |
| Trade receivables | 40 | €252,696 | €169,455 | -€83,241 | -32.9% |
| Other amounts receivable | 41 | €10,258 | - | -€10,258 | |
| Current investments | 50/53 | €56,094 | €16,500 | -€39,594 | -70.6% |
| Cash at bank and in hand | 54/58 | - | €81,181 | +€81,181 | |
| Deferred charges and accrued income | 490/1 | €1,400 | €28,544 | +€27,144 | +1,939% |
| Total equity and liabilities | 10/49 | €561,856 | €392,524 | -€169,332 | -30.1% |
| Equity | 10/15 | €375,015 | €265,198 | -€109,816 | -29.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €353,624 | €243,808 | -€109,816 | -31.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €351,764 | €241,948 | -€109,816 | -31.2% |
| Profit (loss) carried forward | 14 | €2,791 | €2,791 | = | 0.0% |
| Provisions and deferred taxes | 16 | €40,000 | €40,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €40,000 | €40,000 | = | 0.0% |
| Environmental obligations | 163 | €40,000 | €40,000 | = | 0.0% |
| Amounts payable | 17/49 | €146,842 | €87,326 | -€59,516 | -40.5% |
| Amounts payable within one year | 42/48 | €59,342 | €37,326 | -€22,016 | -37.1% |
| Trade debts | 44 | €22,766 | €6,310 | -€16,456 | -72.3% |
| Suppliers | 440/4 | €22,766 | €6,310 | -€16,456 | -72.3% |
| Taxes, remuneration and social security | 45 | €36,576 | €31,016 | -€5,560 | -15.2% |
| Taxes | 450/3 | €36,576 | €31,016 | -€5,560 | -15.2% |
| Accrued charges and deferred income | 492/3 | €87,500 | €50,000 | -€37,500 | -42.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,526 | €19,344 | -€182 | -0.9% |
| Other operating charges | 640/8 | €65,957 | €59,179 | -€6,777 | -10.3% |
| Gross operating margin | 9900 | €189,319 | €153,959 | -€35,360 | -18.7% |
| Operating profit (loss) | 9901 | €103,836 | €75,435 | -€28,401 | -27.4% |
| Financial income | 75/76B | €3,587 | €4,186 | +€599 | +16.7% |
| Recurring financial income | 75 | €3,587 | €4,186 | +€599 | +16.7% |
| Financial charges | 65/66B | €1,622 | €869 | -€753 | -46.4% |
| Recurring financial charges | 65 | €1,622 | €869 | -€753 | -46.4% |
| Profit (loss) for the period before taxes | 9903 | €105,801 | €78,752 | -€27,049 | -25.6% |
| Income taxes | 67/77 | €31,674 | €18,953 | -€12,721 | -40.2% |
| Profit (loss) for the period | 9904 | €74,126 | €59,799 | -€14,328 | -19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €74,126 | €59,799 | -€14,328 | -19.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.