PRAGMALOGIC: 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.
PRAGMALOGIC
Largest movements
- Cash +€18,412
up €18,412 (+3119.5%), from €590 to €19,003
mainly Net result for the year (+€30,606) and Depreciation (+€12,167)
- Tangible fixed assets -€5,542
down €5,542 (-11.3%), from €49,176 to €43,634
of which Furniture and vehicles: -€5,064
- Receivables within one year +€4,592
up €4,592 (+50.5%), from €9,090 to €13,681
of which Trade receivables: +€4,345
- Profit (loss) carried forward +€15,606
up €15,606, from -€8,013 to €7,593
- Other debts +€11,288
up €11,288 (+177.3%), from €6,365 to €17,653
- Debts after one year -€10,249
down €10,249 (-51.1%), from €20,052 to €9,803
- Trade debts +€871
up €871 (+39.2%), from €2,223 to €3,094
- Gross operating margin +€46,249
up €46,249 (+769.8%), from €6,008 to €52,256
- Taxes +€7,072
up €7,072 (+3896.9%), from €181 to €7,253
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 | €60,433 | €78,022 | +€17,589 | +29.1% |
| Fixed assets | 21/28 | €49,176 | €43,634 | -€5,542 | -11.3% |
| Tangible fixed assets | 22/27 | €49,176 | €43,634 | -€5,542 | -11.3% |
| Furniture and vehicles | 24 | €44,958 | €39,895 | -€5,064 | -11.3% |
| Other tangible fixed assets | 26 | €4,218 | €3,740 | -€478 | -11.3% |
| Current assets | 29/58 | €11,257 | €34,387 | +€23,130 | +205.5% |
| Amounts receivable within one year | 40/41 | €9,090 | €13,681 | +€4,592 | +50.5% |
| Trade receivables | 40 | €7,271 | €11,616 | +€4,345 | +59.8% |
| Other amounts receivable | 41 | €1,819 | €2,065 | +€247 | +13.6% |
| Cash at bank and in hand | 54/58 | €590 | €19,003 | +€18,412 | +3119.5% |
| Deferred charges and accrued income | 490/1 | €1,577 | €1,703 | +€126 | +8.0% |
| Total equity and liabilities | 10/49 | €60,433 | €78,022 | +€17,589 | +29.1% |
| Equity | 10/15 | €11,393 | €26,999 | +€15,606 | +137.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €806 | €806 | = | 0.0% |
| Non-distributable reserves | 130/1 | €806 | €806 | = | 0.0% |
| Reserves not available under the articles | 1311 | €806 | €806 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,013 | €7,593 | +€15,606 | |
| Amounts payable | 17/49 | €49,040 | €51,023 | +€1,983 | +4.0% |
| Amounts payable after more than one year | 17 | €20,052 | €9,803 | -€10,249 | -51.1% |
| Financial debts | 170/4 | €20,052 | €9,803 | -€10,249 | -51.1% |
| Amounts payable within one year | 42/48 | €28,988 | €41,220 | +€12,232 | +42.2% |
| Current portion of amounts payable after more than one year | 42 | €9,805 | €10,249 | +€444 | +4.5% |
| Trade debts | 44 | €2,223 | €3,094 | +€871 | +39.2% |
| Suppliers | 440/4 | €2,223 | €3,094 | +€871 | +39.2% |
| Taxes, remuneration and social security | 45 | €10,595 | €10,224 | -€371 | -3.5% |
| Taxes | 450/3 | €7,365 | €10,224 | +€2,859 | +38.8% |
| Remuneration and social security | 454/9 | €3,230 | - | -€3,230 | |
| Other amounts payable | 47/48 | €6,365 | €17,653 | +€11,288 | +177.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,044 | €12,167 | +€123 | +1.0% |
| Other operating charges | 640/8 | €553 | €530 | -€23 | -4.2% |
| Non-recurring operating charges | 66A | €372 | €344 | -€29 | -7.7% |
| Gross operating margin | 9900 | €6,008 | €52,256 | +€46,249 | +769.8% |
| Operating profit (loss) | 9901 | -€6,962 | €39,215 | +€46,177 | |
| Financial charges | 65/66B | €1,815 | €1,356 | -€459 | -25.3% |
| Recurring financial charges | 65 | €1,815 | €1,356 | -€459 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | -€8,777 | €37,859 | +€46,637 | |
| Income taxes | 67/77 | €181 | €7,253 | +€7,072 | +3896.9% |
| Profit (loss) for the period | 9904 | -€8,959 | €30,606 | +€39,565 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,959 | €30,606 | +€39,565 |
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.