Pragma Management: 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 Management
Largest movements
- Cash +€53,713
up €53,713 (+24.8%), from €216,394 to €270,107
mainly Other debts (+€134,359) and Net result for the year (+€95,075)
- Other debts +€134,359
new in 2025: €134,359
- Profit (loss) carried forward -€86,523
down €86,523 (-47.6%), from €181,598 to €95,075
- Tax, wage and social debts +€5,284
up €5,284 (+16.4%), from €32,243 to €37,527
- Gross operating margin +€8,259
up €8,259 (+7.4%), from €111,893 to €120,152
- Taxes +€2,126
up €2,126 (+9.1%), from €23,259 to €25,385
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 | €216,908 | €270,406 | +€53,499 | +24.7% |
| Fixed assets | 21/28 | €514 | €300 | -€214 | -41.7% |
| Tangible fixed assets | 22/27 | €514 | €300 | -€214 | -41.7% |
| Furniture and vehicles | 24 | €514 | €300 | -€214 | -41.7% |
| Current assets | 29/58 | €216,394 | €270,107 | +€53,713 | +24.8% |
| Cash at bank and in hand | 54/58 | €216,394 | €270,107 | +€53,713 | +24.8% |
| Total equity and liabilities | 10/49 | €216,908 | €270,406 | +€53,499 | +24.7% |
| Equity | 10/15 | €183,598 | €97,075 | -€86,523 | -47.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €181,598 | €95,075 | -€86,523 | -47.6% |
| Amounts payable | 17/49 | €33,309 | €173,332 | +€140,022 | +420% |
| Amounts payable within one year | 42/48 | €33,309 | €173,332 | +€140,022 | +420% |
| Trade debts | 44 | €1,066 | €1,446 | +€380 | +35.6% |
| Suppliers | 440/4 | €1,066 | €1,446 | +€380 | +35.6% |
| Taxes, remuneration and social security | 45 | €32,243 | €37,527 | +€5,284 | +16.4% |
| Taxes | 450/3 | €32,243 | €37,527 | +€5,284 | +16.4% |
| Other amounts payable | 47/48 | - | €134,359 | +€134,359 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €214 | €214 | = | 0.0% |
| Gross operating margin | 9900 | €111,893 | €120,152 | +€8,259 | +7.4% |
| Operating profit (loss) | 9901 | €111,678 | €119,938 | +€8,259 | +7.4% |
| Financial income | 75/76B | - | €597 | +€597 | |
| Recurring financial income | 75 | - | €597 | +€597 | |
| Financial charges | 65/66B | €74 | €75 | +€2 | +2.0% |
| Recurring financial charges | 65 | €74 | €75 | +€2 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €111,605 | €120,460 | +€8,855 | +7.9% |
| Income taxes | 67/77 | €23,259 | €25,385 | +€2,126 | +9.1% |
| Profit (loss) for the period | 9904 | €88,346 | €95,075 | +€6,729 | +7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €88,346 | €95,075 | +€6,729 | +7.6% |
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 19 October 2026 via checked.be.