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.
PRAGMA
Largest movements
- Receivables within one year +€5,900
up €5,900, from €0 to €5,900
- Cash -€4,445
down €4,445 (-15.7%), from €28,326 to €23,881
mainly Other debts (-€14,568) and Receivables within one year (-€5,900)
- Tangible fixed assets -€3,586
down €3,586 (-5.8%), from €61,787 to €58,201
of which Land and buildings: -€3,296
- Other debts -€14,568
down €14,568 (-100.0%), from €14,568 to €0
- Trade debts +€6,657
up €6,657 (+977.2%), from €681 to €7,338
- Profit (loss) carried forward +€4,238
up €4,238 (+535.6%), from €791 to €5,029
- Tax, wage and social debts +€1,543
up €1,543 (+31.5%), from €4,902 to €6,444
- Gross operating margin -€12,838
down €12,838 (-48.6%), from €26,427 to €13,589
- Taxes -€3,359
down €3,359 (-68.5%), from €4,902 to €1,543
- Other operating charges -€450
down €450 (-9.3%), from €4,823 to €4,374
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 | €90,113 | €87,981 | -€2,131 | -2.4% |
| Fixed assets | 21/28 | €61,787 | €58,201 | -€3,586 | -5.8% |
| Tangible fixed assets | 22/27 | €61,787 | €58,201 | -€3,586 | -5.8% |
| Land and buildings | 22 | €60,917 | €57,621 | -€3,296 | -5.4% |
| Plant, machinery and equipment | 23 | €870 | €580 | -€290 | -33.3% |
| Current assets | 29/58 | €28,326 | €29,781 | +€1,455 | +5.1% |
| Amounts receivable within one year | 40/41 | €0 | €5,900 | +€5,900 | |
| Other amounts receivable | 41 | €0 | €5,900 | +€5,900 | |
| Cash at bank and in hand | 54/58 | €28,326 | €23,881 | -€4,445 | -15.7% |
| Total equity and liabilities | 10/49 | €90,113 | €87,981 | -€2,131 | -2.4% |
| Equity | 10/15 | €68,962 | €73,199 | +€4,238 | +6.1% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | €791 | €5,029 | +€4,238 | +535.6% |
| Amounts payable | 17/49 | €21,151 | €14,782 | -€6,369 | -30.1% |
| Amounts payable within one year | 42/48 | €20,151 | €13,782 | -€6,369 | -31.6% |
| Trade debts | 44 | €681 | €7,338 | +€6,657 | +977.2% |
| Suppliers | 440/4 | €681 | €7,338 | +€6,657 | +977.2% |
| Taxes, remuneration and social security | 45 | €4,902 | €6,444 | +€1,543 | +31.5% |
| Taxes | 450/3 | €4,902 | €6,444 | +€1,543 | +31.5% |
| Other amounts payable | 47/48 | €14,568 | €0 | -€14,568 | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,586 | €3,586 | = | 0.0% |
| Other operating charges | 640/8 | €4,823 | €4,374 | -€450 | -9.3% |
| Gross operating margin | 9900 | €26,427 | €13,589 | -€12,838 | -48.6% |
| Operating profit (loss) | 9901 | €18,017 | €5,629 | -€12,388 | -68.8% |
| Financial income | 75/76B | - | €181 | +€181 | |
| Recurring financial income | 75 | - | €181 | +€181 | |
| Financial charges | 65/66B | €30 | €30 | = | 0.0% |
| Recurring financial charges | 65 | €30 | €30 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €17,987 | €5,780 | -€12,207 | -67.9% |
| Income taxes | 67/77 | €4,902 | €1,543 | -€3,359 | -68.5% |
| Profit (loss) for the period | 9904 | €13,086 | €4,238 | -€8,848 | -67.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,086 | €4,238 | -€8,848 | -67.6% |
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 10 October 2026 via checked.be.