PRAGMACON: 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.
PRAGMACON
Largest movements
- Tangible fixed assets -€11,372
down €11,372 (-5.4%), from €210,136 to €198,764
of which Other tangible fixed assets: -€12,684
- Cash +€5,077
up €5,077 (+24.1%), from €21,054 to €26,131
mainly Net result for the year (+€16,970) and Other debts (+€14,519)
- Deferred charges and accrued income -€2,772
down €2,772 (-33.9%), from €8,179 to €5,407
- Debts after one year -€19,917
down €19,917 (-10.9%), from €182,514 to €162,597
of which Financial debts: -€19,917
- Reserves -€18,909
down €18,909 (-64.4%), from €29,349 to €10,440
of which Distributable reserves: -€18,909
- Other debts +€14,519
up €14,519 (+268.3%), from €5,412 to €19,931
- Contributions +€12,400
up €12,400 (+200.0%), from €6,200 to €18,600
- Tax, wage and social debts +€3,675
up €3,675 (+43.8%), from €8,389 to €12,064
of which Remuneration and social security: +€2,673
- Gross operating margin -€1,669
down €1,669 (-4.0%), from €42,074 to €40,405
- Depreciation +€601
up €601 (+4.7%), from €12,684 to €13,285
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 | €252,072 | €243,904 | -€8,169 | -3.2% |
| Fixed assets | 21/28 | €210,136 | €198,764 | -€11,372 | -5.4% |
| Tangible fixed assets | 22/27 | €210,136 | €198,764 | -€11,372 | -5.4% |
| Furniture and vehicles | 24 | - | €1,312 | +€1,312 | |
| Other tangible fixed assets | 26 | €210,136 | €197,452 | -€12,684 | -6.0% |
| Current assets | 29/58 | €41,937 | €45,140 | +€3,204 | +7.6% |
| Amounts receivable within one year | 40/41 | €12,703 | €13,602 | +€899 | +7.1% |
| Trade receivables | 40 | €12,703 | €13,602 | +€899 | +7.1% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €21,054 | €26,131 | +€5,077 | +24.1% |
| Deferred charges and accrued income | 490/1 | €8,179 | €5,407 | -€2,772 | -33.9% |
| Total equity and liabilities | 10/49 | €252,072 | €243,904 | -€8,169 | -3.2% |
| Equity | 10/15 | €35,549 | €29,040 | -€6,509 | -18.3% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200.0% |
| Reserves | 13 | €29,349 | €10,440 | -€18,909 | -64.4% |
| Non-distributable reserves | 130/1 | €629 | €629 | = | 0.0% |
| Reserves not available under the articles | 1311 | €629 | €629 | = | 0.0% |
| Distributable reserves | 133 | €28,721 | €9,811 | -€18,909 | -65.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €216,523 | €214,864 | -€1,659 | -0.8% |
| Amounts payable after more than one year | 17 | €182,514 | €162,597 | -€19,917 | -10.9% |
| Financial debts | 170/4 | €182,094 | €162,177 | -€19,917 | -10.9% |
| Other amounts payable | 178/9 | €420 | €420 | = | 0.0% |
| Amounts payable within one year | 42/48 | €34,010 | €52,267 | +€18,257 | +53.7% |
| Current portion of amounts payable after more than one year | 42 | €16,688 | €18,392 | +€1,704 | +10.2% |
| Financial debts | 43 | €224 | €365 | +€141 | +63.2% |
| Credit institutions | 430/8 | €224 | €365 | +€141 | +63.2% |
| Trade debts | 44 | €3,298 | €1,515 | -€1,783 | -54.1% |
| Suppliers | 440/4 | €3,298 | €1,515 | -€1,783 | -54.1% |
| Taxes, remuneration and social security | 45 | €8,389 | €12,064 | +€3,675 | +43.8% |
| Taxes | 450/3 | €8,389 | €9,391 | +€1,002 | +11.9% |
| Remuneration and social security | 454/9 | €0 | €2,673 | +€2,673 | |
| Other amounts payable | 47/48 | €5,412 | €19,931 | +€14,519 | +268.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,684 | €13,285 | +€601 | +4.7% |
| Other operating charges | 640/8 | €1,371 | €1,517 | +€147 | +10.7% |
| Gross operating margin | 9900 | €42,074 | €40,405 | -€1,669 | -4.0% |
| Operating profit (loss) | 9901 | €28,019 | €25,602 | -€2,417 | -8.6% |
| Financial income | 75/76B | €32 | €0 | -€32 | -100.0% |
| Recurring financial income | 75 | €32 | €0 | -€32 | -100.0% |
| Financial charges | 65/66B | €3,915 | €3,584 | -€331 | -8.5% |
| Recurring financial charges | 65 | €3,915 | €3,584 | -€331 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €24,136 | €22,018 | -€2,118 | -8.8% |
| Income taxes | 67/77 | €5,227 | €5,048 | -€179 | -3.4% |
| Profit (loss) for the period | 9904 | €18,909 | €16,970 | -€1,939 | -10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,909 | €16,970 | -€1,939 | -10.3% |
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 10 October 2026 via checked.be.