PRAGMA-DM: 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-DM
Largest movements
- Cash +€47,229
up €47,229 (+80.0%), from €59,066 to €106,295
mainly Trade debts (+€62,959) and Depreciation (+€21,282)
- Receivables within one year +€8,545
up €8,545 (+17.0%), from €50,406 to €58,951
- Tangible fixed assets -€7,405
down €7,405 (-26.9%), from €27,497 to €20,093
of which Furniture and vehicles: -€5,165
- Trade debts +€62,959
up €62,959 (+770%), from €8,178 to €71,137
- Other debts -€27,187
down €27,187 (-69.0%), from €39,395 to €12,208
- Profit (loss) carried forward +€7,519
up €7,519 (+16.8%), from €44,648 to €52,167
- Tax, wage and social debts +€4,695
up €4,695 (+70.6%), from €6,649 to €11,344
of which Taxes: +€6,582
- Staff costs -€64,076
down €64,076 (-98.3%), from €65,179 to €1,103
- Gross operating margin -€58,466
down €58,466 (-61.8%), from €94,596 to €36,130
- Financial charges -€3,705
down €3,705 (-89.9%), from €4,123 to €418
- Taxes +€2,838
up €2,838 (+191%), from €1,488 to €4,326
- Depreciation -€1,177
down €1,177 (-5.2%), from €22,459 to €21,282
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 | €143,748 | €191,734 | +€47,985 | +33.4% |
| Fixed assets | 21/28 | €27,497 | €20,093 | -€7,405 | -26.9% |
| Tangible fixed assets | 22/27 | €27,497 | €20,093 | -€7,405 | -26.9% |
| Plant, machinery and equipment | 23 | €19,109 | €16,870 | -€2,240 | -11.7% |
| Furniture and vehicles | 24 | €8,388 | €3,223 | -€5,165 | -61.6% |
| Current assets | 29/58 | €116,251 | €171,641 | +€55,390 | +47.6% |
| Stocks and contracts in progress | 3 | €6,267 | €5,827 | -€439 | -7.0% |
| Stocks | 30/36 | €6,267 | €5,827 | -€439 | -7.0% |
| Amounts receivable within one year | 40/41 | €50,406 | €58,951 | +€8,545 | +17.0% |
| Trade receivables | 40 | €50,406 | €58,951 | +€8,545 | +17.0% |
| Cash at bank and in hand | 54/58 | €59,066 | €106,295 | +€47,229 | +80.0% |
| Deferred charges and accrued income | 490/1 | €513 | €568 | +€56 | +10.9% |
| Total equity and liabilities | 10/49 | €143,748 | €191,734 | +€47,985 | +33.4% |
| Equity | 10/15 | €88,276 | €95,795 | +€7,519 | +8.5% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €18,839 | €18,839 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Distributable reserves | 133 | €16,360 | €16,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,648 | €52,167 | +€7,519 | +16.8% |
| Amounts payable | 17/49 | €55,472 | €95,939 | +€40,466 | +72.9% |
| Amounts payable within one year | 42/48 | €54,222 | €94,689 | +€40,466 | +74.6% |
| Trade debts | 44 | €8,178 | €71,137 | +€62,959 | +770% |
| Suppliers | 440/4 | €8,178 | €71,137 | +€62,959 | +770% |
| Taxes, remuneration and social security | 45 | €6,649 | €11,344 | +€4,695 | +70.6% |
| Taxes | 450/3 | €3,924 | €10,505 | +€6,582 | +168% |
| Remuneration and social security | 454/9 | €2,725 | €838 | -€1,887 | -69.2% |
| Other amounts payable | 47/48 | €39,395 | €12,208 | -€27,187 | -69.0% |
| Accrued charges and deferred income | 492/3 | €1,250 | €1,250 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €65,179 | €1,103 | -€64,076 | -98.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,459 | €21,282 | -€1,177 | -5.2% |
| Other operating charges | 640/8 | €1,770 | €1,505 | -€265 | -14.9% |
| Gross operating margin | 9900 | €94,596 | €36,130 | -€58,466 | -61.8% |
| Operating profit (loss) | 9901 | €5,189 | €12,241 | +€7,052 | +136% |
| Financial income | 75/76B | €83 | €23 | -€60 | -72.7% |
| Recurring financial income | 75 | €83 | €23 | -€60 | -72.7% |
| Financial charges | 65/66B | €4,123 | €418 | -€3,705 | -89.9% |
| Recurring financial charges | 65 | €4,123 | €418 | -€3,705 | -89.9% |
| Profit (loss) for the period before taxes | 9903 | €1,149 | €11,845 | +€10,697 | +931% |
| Income taxes | 67/77 | €1,488 | €4,326 | +€2,838 | +191% |
| Profit (loss) for the period | 9904 | -€339 | €7,519 | +€7,858 | |
| Profit (loss) for the period to be appropriated | 9905 | -€339 | €7,519 | +€7,858 |
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 16 October 2026 via checked.be.