PRAGMANI: 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.
PRAGMANI
Largest movements
- Receivables within one year -€109,570
down €109,570 (-50.2%), from €218,279 to €108,709
- Debts after one year -€153,157
down €153,157 (-46.0%), from €333,157 to €180,000
- Other debts -€92,716
down €92,716 (-20.7%), from €448,877 to €356,162
- Short-term financial debts +€72,893
up €72,893 (+354.2%), from €20,579 to €93,472
- Tax, wage and social debts +€62,924
up €62,924 (+236.5%), from €26,605 to €89,529
- Profit (loss) carried forward +€35,243
up €35,243 (+1639.9%), from €2,149 to €37,392
- Other operating charges +€80,692
up €80,692 (+1031.6%), from €7,822 to €88,514
- Financial charges -€75,774
no longer reported in 2025 (was €75,774)
- Gross operating margin +€57,736
up €57,736 (+82.5%), from €69,965 to €127,701
- Taxes +€44,965
up €44,965, from -€78 to €44,888
- Financial income +€40,805
up €40,805 (+4473.9%), from €912 to €41,717
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 | €1,346,111 | €1,235,526 | -€110,585 | -8.2% |
| Fixed assets | 21/28 | €1,127,416 | €1,126,675 | -€741 | -0.1% |
| Tangible fixed assets | 22/27 | €1,127,416 | €1,126,675 | -€741 | -0.1% |
| Land and buildings | 22 | €1,123,025 | €1,123,056 | +€31 | 0.0% |
| Furniture and vehicles | 24 | €4,392 | €3,619 | -€772 | -17.6% |
| Current assets | 29/58 | €218,695 | €108,851 | -€109,844 | -50.2% |
| Amounts receivable within one year | 40/41 | €218,279 | €108,709 | -€109,570 | -50.2% |
| Other amounts receivable | 41 | €218,279 | €108,709 | -€109,570 | -50.2% |
| Cash at bank and in hand | 54/58 | €416 | €142 | -€273 | -65.7% |
| Total equity and liabilities | 10/49 | €1,346,111 | €1,235,526 | -€110,585 | -8.2% |
| Equity | 10/15 | €459,014 | €494,258 | +€35,243 | +7.7% |
| Contributions | 10/11 | €456,865 | €456,865 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,149 | €37,392 | +€35,243 | +1639.9% |
| Amounts payable | 17/49 | €887,097 | €741,269 | -€145,828 | -16.4% |
| Amounts payable after more than one year | 17 | €333,157 | €180,000 | -€153,157 | -46.0% |
| Financial debts | 170/4 | €333,157 | €180,000 | -€153,157 | -46.0% |
| Amounts payable within one year | 42/48 | €553,939 | €561,269 | +€7,329 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €30,319 | - | -€30,319 | |
| Financial debts | 43 | €20,579 | €93,472 | +€72,893 | +354.2% |
| Credit institutions | 430/8 | €20,579 | €93,472 | +€72,893 | +354.2% |
| Trade debts | 44 | €27,558 | €22,105 | -€5,453 | -19.8% |
| Suppliers | 440/4 | €27,558 | €22,105 | -€5,453 | -19.8% |
| Taxes, remuneration and social security | 45 | €26,605 | €89,529 | +€62,924 | +236.5% |
| Taxes | 450/3 | €26,605 | €89,529 | +€62,924 | +236.5% |
| Other amounts payable | 47/48 | €448,877 | €356,162 | -€92,716 | -20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €772 | €772 | -€0 | 0.0% |
| Other operating charges | 640/8 | €7,822 | €88,514 | +€80,692 | +1031.6% |
| Gross operating margin | 9900 | €69,965 | €127,701 | +€57,736 | +82.5% |
| Operating profit (loss) | 9901 | €61,371 | €38,414 | -€22,957 | -37.4% |
| Financial income | 75/76B | €912 | €41,717 | +€40,805 | +4473.9% |
| Recurring financial income | 75 | €912 | €41,717 | +€40,805 | +4473.9% |
| Financial charges | 65/66B | €75,774 | - | -€75,774 | |
| Recurring financial charges | 65 | €75,774 | - | -€75,774 | |
| Profit (loss) for the period before taxes | 9903 | -€13,491 | €80,131 | +€93,622 | |
| Income taxes | 67/77 | -€78 | €44,888 | +€44,965 | |
| Profit (loss) for the period | 9904 | -€13,414 | €35,243 | +€48,657 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,414 | €35,243 | +€48,657 |
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.