Pragma Advisors: 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 Advisors
Largest movements
- Cash -€253,948
down €253,948 (-93.7%), from €271,081 to €17,133
mainly Receivables after one year (-€150,000) and Contributions, distributions and other (-€150,000)
- Receivables after one year +€150,000
new in 2025: €150,000
- Receivables within one year +€12,500
up €12,500 (+213%), from €5,867 to €18,367
of which Other amounts receivable: +€14,150
- Deferred charges and accrued income +€3,535
up €3,535 (+88.4%), from €3,998 to €7,533
- Profit (loss) carried forward -€86,582
no longer reported in 2025 (was €86,582)
- Other debts +€68,184
up €68,184 (+523%), from €13,025 to €81,209
- Trade debts -€43,611
down €43,611 (-68.1%), from €64,068 to €20,457
- Reserves -€24,963
down €24,963 (-22.6%), from €110,408 to €85,445
- Financial charges +€26,846
up €26,846 (+44.5%), from €60,292 to €87,138
- Gross operating margin +€16,089
up €16,089 (+13.4%), from €120,204 to €136,293
- Financial income +€5,790
up €5,790 (+2,762%), from €210 to €6,000
- Taxes -€1,396
down €1,396 (-11.0%), from €12,698 to €11,302
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 | €298,466 | €209,118 | -€89,348 | -29.9% |
| Fixed assets | 21/28 | €17,520 | €16,085 | -€1,435 | -8.2% |
| Tangible fixed assets | 22/27 | €17,520 | €16,085 | -€1,435 | -8.2% |
| Plant, machinery and equipment | 23 | €1,220 | €783 | -€438 | -35.9% |
| Furniture and vehicles | 24 | €6,344 | €6,638 | +€294 | +4.6% |
| Other tangible fixed assets | 26 | €9,956 | €8,665 | -€1,292 | -13.0% |
| Current assets | 29/58 | €280,946 | €193,034 | -€87,912 | -31.3% |
| Amounts receivable after more than one year | 29 | - | €150,000 | +€150,000 | |
| Other amounts receivable | 291 | - | €150,000 | +€150,000 | |
| Amounts receivable within one year | 40/41 | €5,867 | €18,367 | +€12,500 | +213% |
| Trade receivables | 40 | €1,650 | - | -€1,650 | |
| Other amounts receivable | 41 | €4,217 | €18,367 | +€14,150 | +336% |
| Cash at bank and in hand | 54/58 | €271,081 | €17,133 | -€253,948 | -93.7% |
| Deferred charges and accrued income | 490/1 | €3,998 | €7,533 | +€3,535 | +88.4% |
| Total equity and liabilities | 10/49 | €298,466 | €209,118 | -€89,348 | -29.9% |
| Equity | 10/15 | €199,990 | €88,445 | -€111,545 | -55.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €110,408 | €85,445 | -€24,963 | -22.6% |
| Distributable reserves | 133 | €110,408 | €85,445 | -€24,963 | -22.6% |
| Profit (loss) carried forward | 14 | €86,582 | - | -€86,582 | |
| Amounts payable | 17/49 | €98,475 | €120,673 | +€22,198 | +22.5% |
| Amounts payable within one year | 42/48 | €98,475 | €120,673 | +€22,198 | +22.5% |
| Trade debts | 44 | €64,068 | €20,457 | -€43,611 | -68.1% |
| Suppliers | 440/4 | €64,068 | €20,457 | -€43,611 | -68.1% |
| Taxes, remuneration and social security | 45 | €21,382 | €19,007 | -€2,375 | -11.1% |
| Taxes | 450/3 | €21,382 | €19,007 | -€2,375 | -11.1% |
| Other amounts payable | 47/48 | €13,025 | €81,209 | +€68,184 | +523% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,968 | €4,902 | +€935 | +23.6% |
| Other operating charges | 640/8 | €474 | €497 | +€22 | +4.7% |
| Gross operating margin | 9900 | €120,204 | €136,293 | +€16,089 | +13.4% |
| Operating profit (loss) | 9901 | €115,762 | €130,894 | +€15,132 | +13.1% |
| Financial income | 75/76B | €210 | €6,000 | +€5,790 | +2,762% |
| Recurring financial income | 75 | €210 | €6,000 | +€5,790 | +2,762% |
| Financial charges | 65/66B | €60,292 | €87,138 | +€26,846 | +44.5% |
| Recurring financial charges | 65 | €60,292 | €87,138 | +€26,846 | +44.5% |
| Profit (loss) for the period before taxes | 9903 | €55,680 | €49,756 | -€5,923 | -10.6% |
| Income taxes | 67/77 | €12,698 | €11,302 | -€1,396 | -11.0% |
| Profit (loss) for the period | 9904 | €42,981 | €38,455 | -€4,527 | -10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €42,981 | €38,455 | -€4,527 | -10.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.