PRAGMA WAY: 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 WAY
Largest movements
- Tangible fixed assets -€9,321
down €9,321 (-24.4%), from €38,225 to €28,905
- Current investments -€5,199
no longer reported in 2025 (was €5,199)
- Cash +€2,115
new in 2025: €2,115
mainly Depreciation (+€9,321) and Current investments (+€5,199)
- Receivables within one year -€1,734
down €1,734 (-48.6%), from €3,569 to €1,835
of which Other amounts receivable: -€1,500
- Profit (loss) carried forward -€11,362
down €11,362 (-171%), from -€6,656 to -€18,017
- Debts after one year -€4,825
down €4,825 (-30.0%), from €16,092 to €11,267
- Other debts +€3,013
up €3,013 (+10.5%), from €28,586 to €31,599
- Tax, wage and social debts -€1,500
no longer reported in 2025 (was €1,500)
- Purchases and services -€20,674
no longer reported in 2025 (was €20,674)
- Turnover -€13,025
no longer reported in 2025 (was €13,025)
- Gross operating margin +€4,767
up €4,767, from -€3,025 to €1,742
- Taxes +€1,870
up €1,870, from €0 to €1,870
- Depreciation +€942
up €942 (+11.2%), from €8,378 to €9,321
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 | €47,236 | €32,866 | -€14,370 | -30.4% |
| Fixed assets | 21/28 | €38,225 | €28,905 | -€9,321 | -24.4% |
| Tangible fixed assets | 22/27 | €38,225 | €28,905 | -€9,321 | -24.4% |
| Furniture and vehicles | 24 | €38,225 | €28,905 | -€9,321 | -24.4% |
| Current assets | 29/58 | €9,010 | €3,962 | -€5,049 | -56.0% |
| Amounts receivable within one year | 40/41 | €3,569 | €1,835 | -€1,734 | -48.6% |
| Trade receivables | 40 | €2,069 | €1,835 | -€234 | -11.3% |
| Other amounts receivable | 41 | €1,500 | - | -€1,500 | |
| Current investments | 50/53 | €5,199 | - | -€5,199 | |
| Cash at bank and in hand | 54/58 | - | €2,115 | +€2,115 | |
| Deferred charges and accrued income | 490/1 | €243 | €11 | -€232 | -95.4% |
| Total equity and liabilities | 10/49 | €47,236 | €32,866 | -€14,370 | -30.4% |
| Equity | 10/15 | -€4,656 | -€16,017 | -€11,362 | -244% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,656 | -€18,017 | -€11,362 | -171% |
| Amounts payable | 17/49 | €51,891 | €48,883 | -€3,008 | -5.8% |
| Amounts payable after more than one year | 17 | €16,092 | €11,267 | -€4,825 | -30.0% |
| Financial debts | 170/4 | €16,092 | €11,267 | -€4,825 | -30.0% |
| Amounts payable within one year | 42/48 | €34,993 | €36,673 | +€1,680 | +4.8% |
| Current portion of amounts payable after more than one year | 42 | €4,604 | €4,825 | +€222 | +4.8% |
| Trade debts | 44 | €303 | €249 | -€55 | -18.0% |
| Suppliers | 440/4 | €303 | €249 | -€55 | -18.0% |
| Taxes, remuneration and social security | 45 | €1,500 | - | -€1,500 | |
| Remuneration and social security | 454/9 | €1,500 | - | -€1,500 | |
| Other amounts payable | 47/48 | €28,586 | €31,599 | +€3,013 | +10.5% |
| Accrued charges and deferred income | 492/3 | €806 | €944 | +€137 | +17.0% |
| Turnover | 70 | €13,025 | - | -€13,025 | |
| Non-recurring operating income | 76A | €4,625 | - | -€4,625 | |
| Goods, raw materials, services and sundry goods | 60/61 | €20,674 | - | -€20,674 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,378 | €9,321 | +€942 | +11.2% |
| Other operating charges | 640/8 | €1,764 | €890 | -€873 | -49.5% |
| Gross operating margin | 9900 | -€3,025 | €1,742 | +€4,767 | |
| Operating profit (loss) | 9901 | -€13,167 | -€8,469 | +€4,697 | +35.7% |
| Financial income | 75/76B | €61 | €2 | -€59 | -96.7% |
| Recurring financial income | 75 | €61 | €2 | -€59 | -96.7% |
| Financial charges | 65/66B | €974 | €1,025 | +€51 | +5.2% |
| Recurring financial charges | 65 | €974 | €1,025 | +€51 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | -€14,080 | -€9,492 | +€4,588 | +32.6% |
| Income taxes | 67/77 | €0 | €1,870 | +€1,870 | |
| Profit (loss) for the period | 9904 | -€14,080 | -€11,362 | +€2,718 | +19.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,080 | -€11,362 | +€2,718 | +19.3% |
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 18 October 2026 via checked.be.