PRAGMA-K: 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-K
Largest movements
- Receivables within one year +€108,219
up €108,219 (+87.8%), from €123,295 to €231,513
of which Other amounts receivable: +€110,419
- Receivables after one year -€30,000
no longer reported in 2025 (was €30,000)
- Deferred charges and accrued income +€5,986
up €5,986 (+110.4%), from €5,422 to €11,408
- Reserves +€141,000
up €141,000 (+58.0%), from €243,000 to €384,000
- Tax, wage and social debts -€26,242
down €26,242 (-87.9%), from €29,843 to €3,601
of which Taxes: -€26,342
- Current portion of long-term debt -€20,826
down €20,826 (-53.3%), from €39,046 to €18,220
- Debts after one year -€15,193
no longer reported in 2025 (was €15,193)
- Short-term financial debts +€12,447
new in 2025: €12,447
- Gross operating margin +€29,430
up €29,430 (+19.7%), from €149,700 to €179,131
- Taxes +€7,258
up €7,258 (+18.2%), from €39,843 to €47,101
- Financial income +€6,132
up €6,132 (+123.3%), from €4,975 to €11,107
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 | €335,857 | €422,422 | +€86,565 | +25.8% |
| Fixed assets | 21/28 | €176,083 | €176,083 | = | 0.0% |
| Financial fixed assets | 28 | €176,083 | €176,083 | = | 0.0% |
| Current assets | 29/58 | €159,774 | €246,339 | +€86,565 | +54.2% |
| Amounts receivable after more than one year | 29 | €30,000 | - | -€30,000 | |
| Other amounts receivable | 291 | €30,000 | - | -€30,000 | |
| Amounts receivable within one year | 40/41 | €123,295 | €231,513 | +€108,219 | +87.8% |
| Trade receivables | 40 | €4,500 | €2,300 | -€2,200 | -48.9% |
| Other amounts receivable | 41 | €118,795 | €229,213 | +€110,419 | +92.9% |
| Cash at bank and in hand | 54/58 | €1,057 | €3,418 | +€2,360 | +223.3% |
| Deferred charges and accrued income | 490/1 | €5,422 | €11,408 | +€5,986 | +110.4% |
| Total equity and liabilities | 10/49 | €335,857 | €422,422 | +€86,565 | +25.8% |
| Equity | 10/15 | €244,670 | €385,975 | +€141,304 | +57.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €243,000 | €384,000 | +€141,000 | +58.0% |
| Distributable reserves | 133 | €243,000 | €384,000 | +€141,000 | +58.0% |
| Profit (loss) carried forward | 14 | €670 | €975 | +€304 | +45.4% |
| Amounts payable | 17/49 | €91,186 | €36,447 | -€54,739 | -60.0% |
| Amounts payable after more than one year | 17 | €15,193 | - | -€15,193 | |
| Financial debts | 170/4 | €15,193 | - | -€15,193 | |
| Amounts payable within one year | 42/48 | €75,923 | €36,371 | -€39,552 | -52.1% |
| Current portion of amounts payable after more than one year | 42 | €39,046 | €18,220 | -€20,826 | -53.3% |
| Financial debts | 43 | - | €12,447 | +€12,447 | |
| Credit institutions | 430/8 | - | €12,447 | +€12,447 | |
| Trade debts | 44 | €7,034 | €2,102 | -€4,932 | -70.1% |
| Suppliers | 440/4 | €7,034 | €2,102 | -€4,932 | -70.1% |
| Taxes, remuneration and social security | 45 | €29,843 | €3,601 | -€26,242 | -87.9% |
| Taxes | 450/3 | €28,443 | €2,101 | -€26,342 | -92.6% |
| Remuneration and social security | 454/9 | €1,400 | €1,500 | +€100 | +7.1% |
| Accrued charges and deferred income | 492/3 | €70 | €76 | +€6 | +8.8% |
| Other operating charges | 640/8 | €816 | €899 | +€83 | +10.2% |
| Gross operating margin | 9900 | €149,700 | €179,131 | +€29,430 | +19.7% |
| Operating profit (loss) | 9901 | €148,884 | €178,231 | +€29,347 | +19.7% |
| Financial income | 75/76B | €4,975 | €11,107 | +€6,132 | +123.3% |
| Recurring financial income | 75 | €4,975 | €11,107 | +€6,132 | +123.3% |
| Financial charges | 65/66B | €1,416 | €933 | -€484 | -34.1% |
| Recurring financial charges | 65 | €1,416 | €933 | -€484 | -34.1% |
| Profit (loss) for the period before taxes | 9903 | €152,443 | €188,406 | +€35,963 | +23.6% |
| Income taxes | 67/77 | €39,843 | €47,101 | +€7,258 | +18.2% |
| Profit (loss) for the period | 9904 | €112,600 | €141,304 | +€28,705 | +25.5% |
| Profit (loss) for the period to be appropriated | 9905 | €112,600 | €141,304 | +€28,705 | +25.5% |
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 10 October 2026 via checked.be.