Pragma Labs: 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 Labs
Largest movements
- Cash -€154,041
down €154,041 (-84.5%), from €182,341 to €28,299
mainly Investment in fixed assets (net) (-€330,548) and Net result for the year (-€176,923)
- Receivables within one year -€122,803
down €122,803 (-80.9%), from €151,852 to €29,049
of which Trade receivables: -€124,117
- Intangible fixed assets +€56,458
up €56,458 (+5.8%), from €973,934 to €1.0m
- Profit (loss) carried forward -€176,923
down €176,923 (-51.7%), from -€341,964 to -€518,888
- Tax, wage and social debts -€34,470
down €34,470 (-68.3%), from €50,506 to €16,036
of which Remuneration and social security: -€36,344
- Trade debts -€32,178
down €32,178 (-80.2%), from €40,116 to €7,938
- Investment grants +€22,131
up €22,131 (+10.2%), from €217,000 to €239,131
- Depreciation +€105,100
up €105,100 (+58.3%), from €180,343 to €285,443
- Staff costs -€72,084
down €72,084 (-28.6%), from €252,303 to €180,220
- Gross operating margin +€57,927
up €57,927 (+28.3%), from €205,033 to €262,961
- Financial income -€23,119
down €23,119 (-36.8%), from €62,805 to €39,686
- Financial charges +€4,942
up €4,942 (+60.6%), from €8,160 to €13,102
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 | €1,345,696 | €1,113,163 | -€232,533 | -17.3% |
| Formation expenses | 20 | €13,229 | €7,067 | -€6,161 | -46.6% |
| Fixed assets | 21/28 | €989,429 | €1,040,695 | +€51,266 | +5.2% |
| Intangible fixed assets | 21 | €973,934 | €1,030,392 | +€56,458 | +5.8% |
| Tangible fixed assets | 22/27 | €11,590 | €6,398 | -€5,193 | -44.8% |
| Furniture and vehicles | 24 | €11,590 | €6,398 | -€5,193 | -44.8% |
| Financial fixed assets | 28 | €3,905 | €3,905 | = | 0.0% |
| Current assets | 29/58 | €343,038 | €65,401 | -€277,637 | -80.9% |
| Amounts receivable within one year | 40/41 | €151,852 | €29,049 | -€122,803 | -80.9% |
| Trade receivables | 40 | €125,138 | €1,021 | -€124,117 | -99.2% |
| Other amounts receivable | 41 | €26,714 | €28,027 | +€1,314 | +4.9% |
| Cash at bank and in hand | 54/58 | €182,341 | €28,299 | -€154,041 | -84.5% |
| Deferred charges and accrued income | 490/1 | €8,846 | €8,053 | -€793 | -9.0% |
| Total equity and liabilities | 10/49 | €1,345,696 | €1,113,163 | -€232,533 | -17.3% |
| Equity | 10/15 | €1,199,762 | €1,044,971 | -€154,792 | -12.9% |
| Contributions | 10/11 | €1,324,727 | €1,324,727 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€341,964 | -€518,888 | -€176,923 | -51.7% |
| Investment grants | 15 | €217,000 | €239,131 | +€22,131 | +10.2% |
| Amounts payable | 17/49 | €145,933 | €68,192 | -€77,741 | -53.3% |
| Amounts payable within one year | 42/48 | €138,410 | €68,192 | -€70,218 | -50.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €40,116 | €7,938 | -€32,178 | -80.2% |
| Suppliers | 440/4 | €40,116 | €7,938 | -€32,178 | -80.2% |
| Taxes, remuneration and social security | 45 | €50,506 | €16,036 | -€34,470 | -68.3% |
| Taxes | 450/3 | €0 | €1,873 | +€1,873 | |
| Remuneration and social security | 454/9 | €50,506 | €14,162 | -€36,344 | -72.0% |
| Other amounts payable | 47/48 | €47,789 | €44,219 | -€3,570 | -7.5% |
| Accrued charges and deferred income | 492/3 | €7,523 | €0 | -€7,523 | -100% |
| Remuneration, social security and pensions | 62 | €252,303 | €180,220 | -€72,084 | -28.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €180,343 | €285,443 | +€105,100 | +58.3% |
| Other operating charges | 640/8 | €2,093 | €558 | -€1,534 | -73.3% |
| Gross operating margin | 9900 | €205,033 | €262,961 | +€57,927 | +28.3% |
| Operating profit (loss) | 9901 | -€229,706 | -€203,261 | +€26,445 | +11.5% |
| Financial income | 75/76B | €62,805 | €39,686 | -€23,119 | -36.8% |
| Recurring financial income | 75 | €62,805 | €39,686 | -€23,119 | -36.8% |
| Financial charges | 65/66B | €8,160 | €13,102 | +€4,942 | +60.6% |
| Recurring financial charges | 65 | €8,160 | €13,102 | +€4,942 | +60.6% |
| Profit (loss) for the period before taxes | 9903 | -€175,060 | -€176,677 | -€1,617 | -0.9% |
| Income taxes | 67/77 | -€4,081 | €246 | +€4,327 | |
| Profit (loss) for the period | 9904 | -€170,980 | -€176,923 | -€5,943 | -3.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€170,980 | -€176,923 | -€5,943 | -3.5% |
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 26 October 2026 via checked.be.