PRAGMATA: 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.
PRAGMATA
Largest movements
- Cash -€23,415
down €23,415 (-6.4%), from €366,791 to €343,376
mainly Net result for the year (-€50,175) and Smaller working-capital items (-€194)
- Tangible fixed assets -€13,619
down €13,619 (-51.4%), from €26,492 to €12,873
- Profit (loss) carried forward -€50,175
down €50,175 (-28.6%), from €175,351 to €125,176
- Other debts +€8,249
up €8,249 (+4.6%), from €180,071 to €188,320
- Depreciation -€24,419
down €24,419 (-66.2%), from €36,879 to €12,461
- Financial income -€12,416
no longer reported in 2025 (was €12,416)
- Gross operating margin -€901
down €901 (-3.0%), from -€30,354 to -€31,256
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 | €404,493 | €365,994 | -€38,499 | -9.5% |
| Fixed assets | 21/28 | €26,517 | €12,898 | -€13,619 | -51.4% |
| Tangible fixed assets | 22/27 | €26,492 | €12,873 | -€13,619 | -51.4% |
| Furniture and vehicles | 24 | €26,492 | €12,873 | -€13,619 | -51.4% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €377,976 | €353,096 | -€24,880 | -6.6% |
| Amounts receivable within one year | 40/41 | €9,353 | €7,798 | -€1,555 | -16.6% |
| Trade receivables | 40 | €7,623 | €7,623 | = | 0.0% |
| Other amounts receivable | 41 | €1,730 | €175 | -€1,555 | -89.9% |
| Cash at bank and in hand | 54/58 | €366,791 | €343,376 | -€23,415 | -6.4% |
| Deferred charges and accrued income | 490/1 | €1,831 | €1,922 | +€90 | +4.9% |
| Total equity and liabilities | 10/49 | €404,493 | €365,994 | -€38,499 | -9.5% |
| Equity | 10/15 | €216,271 | €166,096 | -€50,175 | -23.2% |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Reserves | 13 | €3,720 | €3,720 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,720 | €3,720 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,720 | €3,720 | = | 0.0% |
| Profit (loss) carried forward | 14 | €175,351 | €125,176 | -€50,175 | -28.6% |
| Amounts payable | 17/49 | €188,222 | €199,898 | +€11,677 | +6.2% |
| Amounts payable within one year | 42/48 | €184,404 | €196,185 | +€11,781 | +6.4% |
| Trade debts | 44 | €2,548 | €5,785 | +€3,237 | +127% |
| Suppliers | 440/4 | €2,548 | €5,785 | +€3,237 | +127% |
| Taxes, remuneration and social security | 45 | €1,786 | €2,079 | +€294 | +16.5% |
| Taxes | 450/3 | €1,786 | €2,079 | +€294 | +16.5% |
| Other amounts payable | 47/48 | €180,071 | €188,320 | +€8,249 | +4.6% |
| Accrued charges and deferred income | 492/3 | €3,817 | €3,713 | -€104 | -2.7% |
| Non-recurring operating income | 76A | - | €2,974 | +€2,974 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,879 | €12,461 | -€24,419 | -66.2% |
| Other operating charges | 640/8 | €4,153 | €4,299 | +€146 | +3.5% |
| Gross operating margin | 9900 | -€30,354 | -€31,256 | -€901 | -3.0% |
| Operating profit (loss) | 9901 | -€71,386 | -€48,015 | +€23,371 | +32.7% |
| Financial income | 75/76B | €12,416 | - | -€12,416 | |
| Recurring financial income | 75 | €12,416 | - | -€12,416 | |
| Financial charges | 65/66B | €340 | €334 | -€6 | -1.8% |
| Recurring financial charges | 65 | €340 | €334 | -€6 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | -€59,311 | -€48,349 | +€10,961 | +18.5% |
| Income taxes | 67/77 | €1,997 | €1,826 | -€172 | -8.6% |
| Profit (loss) for the period | 9904 | -€61,308 | -€50,175 | +€11,133 | +18.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€61,308 | -€50,175 | +€11,133 | +18.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.