PRAGMAT: 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.
PRAGMAT
Largest movements
- Receivables within one year +€8,706
up €8,706 (+3.7%), from €234,896 to €243,602
of which Other amounts receivable: +€18,863
- Cash +€5,506
up €5,506 (+87.4%), from €6,300 to €11,805
mainly Net result for the year (+€17,890) and Trade debts (+€2,744)
- Reserves +€17,890
up €17,890 (+16.1%), from €111,279 to €129,169
of which Distributable reserves: +€17,890
- Debts after one year -€10,013
down €10,013 (-12.1%), from €82,439 to €72,426
- Trade debts +€2,744
up €2,744 (+71.9%), from €3,815 to €6,559
- Financial income +€1,251
up €1,251 (+13.9%), from €8,998 to €10,249
- Gross operating margin -€1,164
down €1,164 (-4.6%), from €25,371 to €24,207
- Taxes +€1,105
up €1,105 (+13.1%), from €8,455 to €9,561
- Financial charges -€831
down €831 (-15.0%), from €5,526 to €4,695
- Other operating charges -€358
down €358 (-13.4%), from €2,669 to €2,311
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 | €244,092 | €256,542 | +€12,450 | +5.1% |
| Current assets | 29/58 | €244,092 | €256,542 | +€12,450 | +5.1% |
| Amounts receivable within one year | 40/41 | €234,896 | €243,602 | +€8,706 | +3.7% |
| Trade receivables | 40 | €10,157 | €0 | -€10,157 | -100% |
| Other amounts receivable | 41 | €224,739 | €243,602 | +€18,863 | +8.4% |
| Cash at bank and in hand | 54/58 | €6,300 | €11,805 | +€5,506 | +87.4% |
| Deferred charges and accrued income | 490/1 | €2,896 | €1,135 | -€1,761 | -60.8% |
| Total equity and liabilities | 10/49 | €244,092 | €256,542 | +€12,450 | +5.1% |
| Equity | 10/15 | €117,479 | €135,369 | +€17,890 | +15.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €111,279 | €129,169 | +€17,890 | +16.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €111,279 | €129,169 | +€17,890 | +16.1% |
| Amounts payable | 17/49 | €126,613 | €121,173 | -€5,439 | -4.3% |
| Amounts payable after more than one year | 17 | €82,439 | €72,426 | -€10,013 | -12.1% |
| Financial debts | 170/4 | €82,439 | €72,426 | -€10,013 | -12.1% |
| Amounts payable within one year | 42/48 | €44,019 | €48,748 | +€4,729 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €9,545 | €10,013 | +€468 | +4.9% |
| Trade debts | 44 | €3,815 | €6,559 | +€2,744 | +71.9% |
| Suppliers | 440/4 | €3,815 | €6,559 | +€2,744 | +71.9% |
| Taxes, remuneration and social security | 45 | €3,455 | €4,561 | +€1,105 | +32.0% |
| Taxes | 450/3 | €3,455 | €4,561 | +€1,105 | +32.0% |
| Other amounts payable | 47/48 | €27,204 | €27,615 | +€411 | +1.5% |
| Accrued charges and deferred income | 492/3 | €155 | €0 | -€155 | -100% |
| Other operating charges | 640/8 | €2,669 | €2,311 | -€358 | -13.4% |
| Gross operating margin | 9900 | €25,371 | €24,207 | -€1,164 | -4.6% |
| Operating profit (loss) | 9901 | €22,702 | €21,896 | -€806 | -3.5% |
| Financial income | 75/76B | €8,998 | €10,249 | +€1,251 | +13.9% |
| Recurring financial income | 75 | €8,998 | €10,249 | +€1,251 | +13.9% |
| Financial charges | 65/66B | €5,526 | €4,695 | -€831 | -15.0% |
| Recurring financial charges | 65 | €5,526 | €4,695 | -€831 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €26,174 | €27,450 | +€1,276 | +4.9% |
| Income taxes | 67/77 | €8,455 | €9,561 | +€1,105 | +13.1% |
| Profit (loss) for the period | 9904 | €17,719 | €17,890 | +€171 | +1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,719 | €17,890 | +€171 | +1.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.