Pragma Global: 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 Global
Largest movements
- Tangible fixed assets -€25,401
down €25,401 (-3.4%), from €749,172 to €723,771
of which Land and buildings: -€21,278
- Cash +€22,413
up €22,413 (+104%), from €21,462 to €43,875
mainly Debts after one year (+€220,584) and Current portion of long-term debt (+€29,012)
- Debts after one year +€220,584
up €220,584 (+128%), from €172,487 to €393,071
of which Financial debts: +€220,584
- Trade debts -€161,591
down €161,591 (-48.9%), from €330,654 to €169,063
- Other debts -€98,866
down €98,866 (-81.8%), from €120,813 to €21,947
- Current portion of long-term debt +€29,012
up €29,012 (+197%), from €14,698 to €43,710
- Profit (loss) carried forward +€18,041
up €18,041 (+33.1%), from -€54,459 to -€36,418
- Financial charges -€38,354
down €38,354 (-71.3%), from €53,789 to €15,434
- Gross operating margin +€28,403
up €28,403 (+69.7%), from €40,767 to €69,170
- Taxes +€6,213
up €6,213 (+728%), from €853 to €7,066
- Depreciation -€2,093
down €2,093 (-7.4%), from €28,431 to €26,338
- Financial income -€1,133
down €1,133 (-99.2%), from €1,142 to €9
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 | €853,416 | €854,264 | +€848 | +0.1% |
| Fixed assets | 21/28 | €818,472 | €793,071 | -€25,401 | -3.1% |
| Tangible fixed assets | 22/27 | €749,172 | €723,771 | -€25,401 | -3.4% |
| Land and buildings | 22 | €714,854 | €693,576 | -€21,278 | -3.0% |
| Furniture and vehicles | 24 | €6,853 | €5,387 | -€1,466 | -21.4% |
| Other tangible fixed assets | 26 | €27,466 | €24,808 | -€2,658 | -9.7% |
| Financial fixed assets | 28 | €69,300 | €69,300 | = | 0.0% |
| Current assets | 29/58 | €34,944 | €61,193 | +€26,249 | +75.1% |
| Amounts receivable within one year | 40/41 | €13,011 | €12,354 | -€657 | -5.0% |
| Trade receivables | 40 | €6,610 | €6,359 | -€251 | -3.8% |
| Other amounts receivable | 41 | €6,401 | €5,995 | -€406 | -6.3% |
| Cash at bank and in hand | 54/58 | €21,462 | €43,875 | +€22,413 | +104% |
| Deferred charges and accrued income | 490/1 | €471 | €4,965 | +€4,493 | +953% |
| Total equity and liabilities | 10/49 | €853,416 | €854,264 | +€848 | +0.1% |
| Equity | 10/15 | €207,435 | €216,311 | +€8,875 | +4.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | €55,000 | €55,000 | = | 0.0% |
| Reserves | 13 | €200,694 | €191,528 | -€9,166 | -4.6% |
| 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 | €49,538 | €49,538 | = | 0.0% |
| Distributable reserves | 133 | €149,296 | €140,130 | -€9,166 | -6.1% |
| Profit (loss) carried forward | 14 | -€54,459 | -€36,418 | +€18,041 | +33.1% |
| Amounts payable | 17/49 | €645,981 | €637,953 | -€8,027 | -1.2% |
| Amounts payable after more than one year | 17 | €172,487 | €393,071 | +€220,584 | +128% |
| Financial debts | 170/4 | €22,487 | €243,071 | +€220,584 | +981% |
| Other amounts payable | 178/9 | €150,000 | €150,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €473,329 | €244,717 | -€228,611 | -48.3% |
| Current portion of amounts payable after more than one year | 42 | €14,698 | €43,710 | +€29,012 | +197% |
| Trade debts | 44 | €330,654 | €169,063 | -€161,591 | -48.9% |
| Suppliers | 440/4 | €330,654 | €169,063 | -€161,591 | -48.9% |
| Taxes, remuneration and social security | 45 | €7,163 | €9,998 | +€2,834 | +39.6% |
| Taxes | 450/3 | €7,163 | €9,998 | +€2,834 | +39.6% |
| Other amounts payable | 47/48 | €120,813 | €21,947 | -€98,866 | -81.8% |
| Accrued charges and deferred income | 492/3 | €165 | €165 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,431 | €26,338 | -€2,093 | -7.4% |
| Other operating charges | 640/8 | €2,107 | €2,300 | +€193 | +9.1% |
| Gross operating margin | 9900 | €40,767 | €69,170 | +€28,403 | +69.7% |
| Operating profit (loss) | 9901 | €10,229 | €40,533 | +€30,303 | +296% |
| Financial income | 75/76B | €1,142 | €9 | -€1,133 | -99.2% |
| Recurring financial income | 75 | €1,142 | €9 | -€1,133 | -99.2% |
| Financial charges | 65/66B | €53,789 | €15,434 | -€38,354 | -71.3% |
| Recurring financial charges | 65 | €53,789 | €15,434 | -€38,354 | -71.3% |
| Profit (loss) for the period before taxes | 9903 | -€42,418 | €25,107 | +€67,525 | |
| Income taxes | 67/77 | €853 | €7,066 | +€6,213 | +728% |
| Profit (loss) for the period | 9904 | -€43,271 | €18,041 | +€61,312 | |
| Profit (loss) for the period to be appropriated | 9905 | -€43,271 | €18,041 | +€61,312 |
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 23 October 2026 via checked.be.