PragmaP: 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.
PragmaP
Largest movements
- Receivables after one year -€58,422
down €58,422 (-52.3%), from €111,605 to €53,182
- Cash -€32,075
down €32,075 (-34.0%), from €94,477 to €62,402
mainly Contributions, distributions and other (-€143,268) and Receivables within one year (-€27,743)
- Receivables within one year +€27,743
up €27,743 (+27.1%), from €102,268 to €130,011
of which Trade receivables: +€16,221
- Reserves -€135,977
down €135,977 (-62.2%), from €218,754 to €82,777
- Other debts +€81,338
up €81,338 (+131.3%), from €61,930 to €143,268
- Tax, wage and social debts -€5,556
down €5,556 (-40.8%), from €13,627 to €8,071
of which Taxes: -€5,556
- Trade debts -€3,542
down €3,542 (-53.4%), from €6,629 to €3,087
- Gross operating margin -€19,478
down €19,478 (-40.7%), from €47,869 to €28,391
- Taxes -€6,056
down €6,056 (-39.5%), from €15,327 to €9,271
- Financial income -€3,434
down €3,434 (-48.9%), from €7,025 to €3,591
- Other operating charges -€1,168
down €1,168 (-36.1%), from €3,235 to €2,066
- Staff costs -€1,163
down €1,163 (-83.5%), from €1,393 to €230
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 | €346,088 | €280,321 | -€65,766 | -19.0% |
| Fixed assets | 21/28 | €35,651 | €33,119 | -€2,532 | -7.1% |
| Tangible fixed assets | 22/27 | €35,151 | €32,619 | -€2,532 | -7.2% |
| Plant, machinery and equipment | 23 | €32,680 | €31,221 | -€1,459 | -4.5% |
| Furniture and vehicles | 24 | €2,470 | €1,398 | -€1,073 | -43.4% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €310,437 | €247,203 | -€63,235 | -20.4% |
| Amounts receivable after more than one year | 29 | €111,605 | €53,182 | -€58,422 | -52.3% |
| Other amounts receivable | 291 | €111,605 | €53,182 | -€58,422 | -52.3% |
| Amounts receivable within one year | 40/41 | €102,268 | €130,011 | +€27,743 | +27.1% |
| Trade receivables | 40 | €36,428 | €52,649 | +€16,221 | +44.5% |
| Other amounts receivable | 41 | €65,841 | €77,363 | +€11,522 | +17.5% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €94,477 | €62,402 | -€32,075 | -34.0% |
| Deferred charges and accrued income | 490/1 | €2,087 | €1,607 | -€480 | -23.0% |
| Total equity and liabilities | 10/49 | €346,088 | €280,321 | -€65,766 | -19.0% |
| Equity | 10/15 | €237,354 | €101,377 | -€135,977 | -57.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €218,754 | €82,777 | -€135,977 | -62.2% |
| Distributable reserves | 133 | €218,754 | €82,777 | -€135,977 | -62.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €24,518 | €24,518 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €24,518 | €24,518 | = | 0.0% |
| Pensions and similar obligations | 160 | €24,518 | €24,518 | = | 0.0% |
| Amounts payable | 17/49 | €84,215 | €154,426 | +€70,210 | +83.4% |
| Amounts payable within one year | 42/48 | €84,215 | €154,426 | +€70,210 | +83.4% |
| Current portion of amounts payable after more than one year | 42 | €2,030 | €0 | -€2,030 | -100.0% |
| Trade debts | 44 | €6,629 | €3,087 | -€3,542 | -53.4% |
| Suppliers | 440/4 | €6,629 | €3,087 | -€3,542 | -53.4% |
| Taxes, remuneration and social security | 45 | €13,627 | €8,071 | -€5,556 | -40.8% |
| Taxes | 450/3 | €10,627 | €5,071 | -€5,556 | -52.3% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €61,930 | €143,268 | +€81,338 | +131.3% |
| Remuneration, social security and pensions | 62 | €1,393 | €230 | -€1,163 | -83.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,378 | €12,169 | +€790 | +6.9% |
| Other operating charges | 640/8 | €3,235 | €2,066 | -€1,168 | -36.1% |
| Gross operating margin | 9900 | €47,869 | €28,391 | -€19,478 | -40.7% |
| Operating profit (loss) | 9901 | €31,863 | €13,926 | -€17,937 | -56.3% |
| Financial income | 75/76B | €7,025 | €3,591 | -€3,434 | -48.9% |
| Recurring financial income | 75 | €7,025 | €3,591 | -€3,434 | -48.9% |
| Financial charges | 65/66B | €978 | €954 | -€24 | -2.4% |
| Recurring financial charges | 65 | €978 | €954 | -€24 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | €37,910 | €16,562 | -€21,348 | -56.3% |
| Income taxes | 67/77 | €15,327 | €9,271 | -€6,056 | -39.5% |
| Profit (loss) for the period | 9904 | €22,583 | €7,291 | -€15,292 | -67.7% |
| Profit (loss) for the period to be appropriated | 9905 | €22,583 | €7,291 | -€15,292 | -67.7% |
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 11 October 2026 via checked.be.