PRAGMALUTION: 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.
PRAGMALUTION
Largest movements
- Current investments +€78,371
up €78,371 (+15.5%), from €505,415 to €583,786
- Cash +€60,065
up €60,065 (+38.6%), from €155,642 to €215,707
mainly Net result for the year (+€166,129) and Other debts (+€84,840)
- Reserves +€131,129
up €131,129 (+24.1%), from €543,727 to €674,856
- Profit (loss) carried forward -€99,753
down €99,753 (-100%), from €99,753 to €0
- Other debts +€84,840
up €84,840 (+5,924%), from €1,432 to €86,272
- Tax, wage and social debts +€17,112
up €17,112 (+80.2%), from €21,347 to €38,459
of which Taxes: +€17,092
- Financial income +€57,620
up €57,620 (+1,362%), from €4,230 to €61,850
- Taxes +€6,633
up €6,633 (+12.9%), from €51,419 to €58,052
- Gross operating margin -€4,464
down €4,464 (-2.6%), from €169,129 to €164,665
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 | €686,227 | €820,727 | +€134,500 | +19.6% |
| Current assets | 29/58 | €686,227 | €820,727 | +€134,500 | +19.6% |
| Amounts receivable within one year | 40/41 | €24,200 | €19,258 | -€4,942 | -20.4% |
| Trade receivables | 40 | €24,200 | €17,900 | -€6,300 | -26.0% |
| Other amounts receivable | 41 | - | €1,358 | +€1,358 | |
| Current investments | 50/53 | €505,415 | €583,786 | +€78,371 | +15.5% |
| Cash at bank and in hand | 54/58 | €155,642 | €215,707 | +€60,065 | +38.6% |
| Deferred charges and accrued income | 490/1 | €969 | €1,975 | +€1,006 | +104% |
| Total equity and liabilities | 10/49 | €686,227 | €820,727 | +€134,500 | +19.6% |
| Equity | 10/15 | €662,081 | €693,456 | +€31,376 | +4.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €543,727 | €674,856 | +€131,129 | +24.1% |
| Distributable reserves | 133 | €543,727 | €674,856 | +€131,129 | +24.1% |
| Profit (loss) carried forward | 14 | €99,753 | €0 | -€99,753 | -100% |
| Amounts payable | 17/49 | €24,146 | €127,270 | +€103,124 | +427% |
| Amounts payable within one year | 42/48 | €24,053 | €127,206 | +€103,153 | +429% |
| Trade debts | 44 | €1,273 | €2,474 | +€1,201 | +94.3% |
| Suppliers | 440/4 | €1,273 | €2,474 | +€1,201 | +94.3% |
| Taxes, remuneration and social security | 45 | €21,347 | €38,459 | +€17,112 | +80.2% |
| Taxes | 450/3 | €19,214 | €36,306 | +€17,092 | +89.0% |
| Remuneration and social security | 454/9 | €2,133 | €2,153 | +€20 | +0.9% |
| Other amounts payable | 47/48 | €1,432 | €86,272 | +€84,840 | +5,924% |
| Accrued charges and deferred income | 492/3 | €94 | €65 | -€29 | -31.1% |
| Other operating charges | 640/8 | €607 | €623 | +€16 | +2.7% |
| Gross operating margin | 9900 | €169,129 | €164,665 | -€4,464 | -2.6% |
| Operating profit (loss) | 9901 | €168,523 | €164,042 | -€4,481 | -2.7% |
| Financial income | 75/76B | €4,230 | €61,850 | +€57,620 | +1,362% |
| Recurring financial income | 75 | €4,230 | €61,850 | +€57,620 | +1,362% |
| Financial charges | 65/66B | €1,502 | €1,711 | +€209 | +13.9% |
| Recurring financial charges | 65 | €1,502 | €1,711 | +€209 | +13.9% |
| Profit (loss) for the period before taxes | 9903 | €171,251 | €224,181 | +€52,930 | +30.9% |
| Income taxes | 67/77 | €51,419 | €58,052 | +€6,633 | +12.9% |
| Profit (loss) for the period | 9904 | €119,832 | €166,129 | +€46,297 | +38.6% |
| Profit (loss) for the period to be appropriated | 9905 | €119,832 | €166,129 | +€46,297 | +38.6% |
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 26 October 2026 via checked.be.