PRAGMACT: 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.
PRAGMACT
Largest movements
- Cash +€49,926
up €49,926 (+226.1%), from €22,080 to €72,006
mainly Net result for the year (+€40,129) and Depreciation (+€13,206)
- Tangible fixed assets -€11,293
down €11,293 (-24.4%), from €46,289 to €34,995
of which Leasing and similar rights: -€12,179
- Receivables within one year +€1,906
up €1,906 (+15.9%), from €11,978 to €13,884
of which Trade receivables: +€2,594
- Reserves +€38,463
up €38,463 (+169.8%), from €22,656 to €61,119
- Debts after one year -€12,283
down €12,283 (-40.5%), from €30,330 to €18,048
- Tax, wage and social debts +€9,131
up €9,131 (+101.5%), from €8,997 to €18,128
- Other debts +€4,092
up €4,092 (+89.2%), from €4,587 to €8,680
- Gross operating margin +€23,894
up €23,894 (+56.1%), from €42,578 to €66,472
- Taxes +€4,338
up €4,338 (+63.7%), from €6,812 to €11,149
- Depreciation +€3,574
up €3,574 (+37.1%), from €9,632 to €13,206
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 | €81,935 | €123,064 | +€41,129 | +50.2% |
| Fixed assets | 21/28 | €46,289 | €34,995 | -€11,293 | -24.4% |
| Tangible fixed assets | 22/27 | €46,289 | €34,995 | -€11,293 | -24.4% |
| Plant, machinery and equipment | 23 | €2,642 | €2,047 | -€595 | -22.5% |
| Furniture and vehicles | 24 | - | €1,700 | +€1,700 | |
| Leasing and similar rights | 25 | €41,610 | €29,431 | -€12,179 | -29.3% |
| Other tangible fixed assets | 26 | €2,037 | €1,817 | -€220 | -10.8% |
| Current assets | 29/58 | €35,646 | €88,069 | +€52,422 | +147.1% |
| Amounts receivable within one year | 40/41 | €11,978 | €13,884 | +€1,906 | +15.9% |
| Trade receivables | 40 | €11,290 | €13,884 | +€2,594 | +23.0% |
| Other amounts receivable | 41 | €688 | - | -€688 | |
| Cash at bank and in hand | 54/58 | €22,080 | €72,006 | +€49,926 | +226.1% |
| Deferred charges and accrued income | 490/1 | €1,588 | €2,179 | +€590 | +37.2% |
| Total equity and liabilities | 10/49 | €81,935 | €123,064 | +€41,129 | +50.2% |
| Equity | 10/15 | €25,156 | €63,619 | +€38,463 | +152.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €22,656 | €61,119 | +€38,463 | +169.8% |
| Distributable reserves | 133 | €22,656 | €61,119 | +€38,463 | +169.8% |
| Amounts payable | 17/49 | €56,779 | €59,445 | +€2,666 | +4.7% |
| Amounts payable after more than one year | 17 | €30,330 | €18,048 | -€12,283 | -40.5% |
| Financial debts | 170/4 | €30,330 | €18,048 | -€12,283 | -40.5% |
| Amounts payable within one year | 42/48 | €26,449 | €41,048 | +€14,599 | +55.2% |
| Current portion of amounts payable after more than one year | 42 | €11,829 | €12,283 | +€454 | +3.8% |
| Trade debts | 44 | €1,035 | €1,957 | +€922 | +89.1% |
| Suppliers | 440/4 | €1,035 | €1,957 | +€922 | +89.1% |
| Taxes, remuneration and social security | 45 | €8,997 | €18,128 | +€9,131 | +101.5% |
| Taxes | 450/3 | €8,997 | €18,128 | +€9,131 | +101.5% |
| Other amounts payable | 47/48 | €4,587 | €8,680 | +€4,092 | +89.2% |
| Accrued charges and deferred income | 492/3 | - | €350 | +€350 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,632 | €13,206 | +€3,574 | +37.1% |
| Other operating charges | 640/8 | €176 | €128 | -€48 | -27.3% |
| Gross operating margin | 9900 | €42,578 | €66,472 | +€23,894 | +56.1% |
| Operating profit (loss) | 9901 | €32,770 | €53,138 | +€20,368 | +62.2% |
| Financial income | 75/76B | €3 | €34 | +€31 | +1001.0% |
| Recurring financial income | 75 | €3 | €34 | +€31 | +1001.0% |
| Financial charges | 65/66B | €1,588 | €1,895 | +€307 | +19.4% |
| Recurring financial charges | 65 | €1,588 | €1,895 | +€307 | +19.4% |
| Profit (loss) for the period before taxes | 9903 | €31,186 | €51,278 | +€20,092 | +64.4% |
| Income taxes | 67/77 | €6,812 | €11,149 | +€4,338 | +63.7% |
| Profit (loss) for the period | 9904 | €24,374 | €40,129 | +€15,755 | +64.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,374 | €40,129 | +€15,755 | +64.6% |
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 12 October 2026 via checked.be.