PRAGMA PLUS: 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 PLUS
Largest movements
- Cash -€23,691
down €23,691 (-34.1%), from €69,440 to €45,749
mainly Contributions, distributions and other (-€64,286) and Investment in fixed assets (net) (-€5,219)
- Reserves -€37,072
down €37,072 (-6.1%), from €605,616 to €568,545
- Tax, wage and social debts +€10,013
up €10,013 (+209%), from €4,799 to €14,812
of which Taxes: +€10,013
- Turnover -€18,527
down €18,527 (-8.4%), from €219,827 to €201,300
- Services and other goods +€7,132
up €7,132 (+4.6%), from €154,119 to €161,251
- Taxes -€6,191
down €6,191 (-36.1%), from €17,170 to €10,979
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 | €678,811 | €655,412 | -€23,399 | -3.4% |
| Fixed assets | 21/28 | €588,537 | €587,429 | -€1,108 | -0.2% |
| Tangible fixed assets | 22/27 | €10,364 | €9,256 | -€1,108 | -10.7% |
| Plant, machinery and equipment | 23 | €4,269 | €2,005 | -€2,264 | -53.0% |
| Furniture and vehicles | 24 | €6,095 | €7,251 | +€1,156 | +19.0% |
| Financial fixed assets | 28 | €578,173 | €578,173 | = | 0.0% |
| Affiliated companies | 280/1 | €578,173 | €578,173 | = | 0.0% |
| Participating interests | 280 | €578,173 | €578,173 | = | 0.0% |
| Current assets | 29/58 | €90,274 | €67,983 | -€22,291 | -24.7% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €20,749 | €22,143 | +€1,394 | +6.7% |
| Trade receivables | 40 | €20,419 | €22,143 | +€1,724 | +8.4% |
| Other amounts receivable | 41 | €330 | €0 | -€330 | -100% |
| Cash at bank and in hand | 54/58 | €69,440 | €45,749 | -€23,691 | -34.1% |
| Deferred charges and accrued income | 490/1 | €85 | €91 | +€6 | +6.8% |
| Total equity and liabilities | 10/49 | €678,811 | €655,412 | -€23,399 | -3.4% |
| Equity | 10/15 | €611,816 | €574,745 | -€37,072 | -6.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €605,616 | €568,545 | -€37,072 | -6.1% |
| Distributable reserves | 133 | €605,616 | €568,545 | -€37,072 | -6.1% |
| Amounts payable | 17/49 | €66,994 | €80,667 | +€13,673 | +20.4% |
| Amounts payable within one year | 42/48 | €66,994 | €80,667 | +€13,673 | +20.4% |
| Financial debts | 43 | - | €20 | +€20 | |
| Credit institutions | 430/8 | - | €20 | +€20 | |
| Trade debts | 44 | €2,304 | €1,432 | -€872 | -37.8% |
| Suppliers | 440/4 | €2,304 | €1,432 | -€872 | -37.8% |
| Taxes, remuneration and social security | 45 | €4,799 | €14,812 | +€10,013 | +209% |
| Taxes | 450/3 | €589 | €10,602 | +€10,013 | +1,699% |
| Remuneration and social security | 454/9 | €4,210 | €4,210 | = | 0.0% |
| Other amounts payable | 47/48 | €59,891 | €64,402 | +€4,511 | +7.5% |
| Operating income | 70/76A | €224,041 | €206,094 | -€17,947 | -8.0% |
| Turnover | 70 | €219,827 | €201,300 | -€18,527 | -8.4% |
| Other operating income | 74 | €4,214 | €4,794 | +€580 | +13.8% |
| Operating charges | 60/66A | €161,026 | €168,720 | +€7,694 | +4.8% |
| Services and other goods | 61 | €154,119 | €161,251 | +€7,132 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,813 | €6,327 | +€513 | +8.8% |
| Other operating charges | 640/8 | €1,094 | €1,142 | +€48 | +4.4% |
| Operating profit (loss) | 9901 | €63,015 | €37,374 | -€25,641 | -40.7% |
| Financial income | 75/76B | €11 | €819 | +€808 | +7,253% |
| Recurring financial income | 75 | €11 | €819 | +€808 | +7,253% |
| Income from financial fixed assets | 750 | €11 | €83 | +€72 | +642% |
| Other financial income | 752/9 | - | €736 | +€736 | |
| Financial charges | 65/66B | €134 | €0 | -€134 | -100% |
| Recurring financial charges | 65 | €134 | €0 | -€134 | -100% |
| Other financial charges | 652/9 | €134 | €0 | -€134 | -100% |
| Profit (loss) for the period before taxes | 9903 | €62,892 | €38,193 | -€24,699 | -39.3% |
| Income taxes | 67/77 | €17,170 | €10,979 | -€6,191 | -36.1% |
| Taxes | 670/3 | €17,170 | €10,979 | -€6,191 | -36.1% |
| Profit (loss) for the period | 9904 | €45,722 | €27,214 | -€18,507 | -40.5% |
| Profit (loss) for the period to be appropriated | 9905 | €45,722 | €27,214 | -€18,507 | -40.5% |
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 15 October 2026 via checked.be.