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 +€9,525
up €9,525 (+18.3%), from €52,049 to €61,574
of which Trade receivables: +€8,526
- Cash +€3,207
up €3,207 (+116.1%), from €2,763 to €5,970
mainly Trade debts (+€37,974) and Depreciation (+€963)
- Tangible fixed assets -€963
down €963 (-29.7%), from €3,247 to €2,284
- Trade debts +€37,974
up €37,974 (+36.6%), from €103,825 to €141,799
- Profit (loss) carried forward -€26,704
down €26,704 (-22.5%), from -€118,652 to -€145,356
- Write-downs -€1,667
down €1,667 (-100.0%), from €1,667 to €0
- Gross operating margin +€1,558
up €1,558 (+5.8%), from -€26,722 to -€25,164
- Financial charges -€723
down €723 (-60.1%), from €1,203 to €480
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €58,058 | €69,828 | +€11,770 | +20.3% |
| Fixed assets | 21/28 | €3,247 | €2,284 | -€963 | -29.7% |
| Tangible fixed assets | 22/27 | €3,247 | €2,284 | -€963 | -29.7% |
| Furniture and vehicles | 24 | €3,247 | €2,284 | -€963 | -29.7% |
| Current assets | 29/58 | €54,812 | €67,544 | +€12,732 | +23.2% |
| Amounts receivable within one year | 40/41 | €52,049 | €61,574 | +€9,525 | +18.3% |
| Trade receivables | 40 | €44,298 | €52,824 | +€8,526 | +19.2% |
| Other amounts receivable | 41 | €7,751 | €8,750 | +€999 | +12.9% |
| Cash at bank and in hand | 54/58 | €2,763 | €5,970 | +€3,207 | +116.1% |
| Total equity and liabilities | 10/49 | €58,058 | €69,828 | +€11,770 | +20.3% |
| Equity | 10/15 | -€91,052 | -€117,756 | -€26,704 | -29.3% |
| Contributions | 10/11 | €27,600 | €27,600 | = | 0.0% |
| Capital | 10 | €27,600 | €27,600 | = | 0.0% |
| Issued capital | 100 | €27,600 | €27,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€118,652 | -€145,356 | -€26,704 | -22.5% |
| Amounts payable | 17/49 | €149,110 | €187,584 | +€38,474 | +25.8% |
| Amounts payable within one year | 42/48 | €149,110 | €187,584 | +€38,474 | +25.8% |
| Trade debts | 44 | €103,825 | €141,799 | +€37,974 | +36.6% |
| Suppliers | 440/4 | €103,825 | €141,799 | +€37,974 | +36.6% |
| Other amounts payable | 47/48 | €45,285 | €45,785 | +€500 | +1.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,185 | €963 | -€223 | -18.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,667 | €0 | -€1,667 | -100.0% |
| Other operating charges | 640/8 | €101 | €97 | -€4 | -3.7% |
| Gross operating margin | 9900 | -€26,722 | -€25,164 | +€1,558 | +5.8% |
| Operating profit (loss) | 9901 | -€29,675 | -€26,224 | +€3,451 | +11.6% |
| Financial income | 75/76B | €167 | €0 | -€167 | -100.0% |
| Recurring financial income | 75 | €167 | €0 | -€167 | -100.0% |
| Financial charges | 65/66B | €1,203 | €480 | -€723 | -60.1% |
| Recurring financial charges | 65 | €1,203 | €480 | -€723 | -60.1% |
| Profit (loss) for the period before taxes | 9903 | -€30,712 | -€26,704 | +€4,008 | +13.0% |
| Profit (loss) for the period | 9904 | -€30,712 | -€26,704 | +€4,008 | +13.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,712 | -€26,704 | +€4,008 | +13.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.