PRAGMATECH: 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.
PRAGMATECH
Largest movements
- Receivables within one year -€9,573
down €9,573 (-32.9%), from €29,066 to €19,493
of which Other amounts receivable: -€15,000
- Cash -€2,556
down €2,556 (-9.0%), from €28,482 to €25,926
mainly Other debts (-€18,211) and Tax, wage and social debts (-€4,541)
- Tangible fixed assets -€2,247
down €2,247 (-33.0%), from €6,813 to €4,566
of which Furniture and vehicles: -€1,971
- Other debts -€18,211
down €18,211 (-48.7%), from €37,393 to €19,182
- Reserves +€9,387
up €9,387 (+506%), from €1,855 to €11,242
- Tax, wage and social debts -€4,541
down €4,541 (-49.9%), from €9,101 to €4,560
- Gross operating margin -€28,135
down €28,135 (-53.2%), from €52,842 to €24,707
- Taxes -€4,128
down €4,128 (-35.6%), from €11,587 to €7,459
- Financial charges -€958
down €958 (-16.0%), from €5,987 to €5,029
- Other operating charges -€694
down €694 (-63.7%), from €1,089 to €395
- Staff costs -€652
no longer reported in 2025 (was €652)
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 | €65,489 | €51,598 | -€13,891 | -21.2% |
| Fixed assets | 21/28 | €6,813 | €4,566 | -€2,247 | -33.0% |
| Tangible fixed assets | 22/27 | €6,813 | €4,566 | -€2,247 | -33.0% |
| Plant, machinery and equipment | 23 | €1,887 | €1,611 | -€276 | -14.6% |
| Furniture and vehicles | 24 | €4,926 | €2,955 | -€1,971 | -40.0% |
| Current assets | 29/58 | €58,676 | €47,032 | -€11,644 | -19.8% |
| Amounts receivable within one year | 40/41 | €29,066 | €19,493 | -€9,573 | -32.9% |
| Trade receivables | 40 | €14,066 | €19,493 | +€5,427 | +38.6% |
| Other amounts receivable | 41 | €15,000 | - | -€15,000 | |
| Cash at bank and in hand | 54/58 | €28,482 | €25,926 | -€2,556 | -9.0% |
| Deferred charges and accrued income | 490/1 | €1,128 | €1,613 | +€485 | +43.0% |
| Total equity and liabilities | 10/49 | €65,489 | €51,598 | -€13,891 | -21.2% |
| Equity | 10/15 | €17,132 | €26,519 | +€9,387 | +54.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,855 | €11,242 | +€9,387 | +506% |
| Distributable reserves | 133 | €1,855 | €11,242 | +€9,387 | +506% |
| Profit (loss) carried forward | 14 | €9,077 | €9,077 | = | 0.0% |
| Amounts payable | 17/49 | €48,357 | €25,079 | -€23,278 | -48.1% |
| Amounts payable within one year | 42/48 | €48,357 | €25,079 | -€23,278 | -48.1% |
| Trade debts | 44 | €1,863 | €1,337 | -€526 | -28.2% |
| Suppliers | 440/4 | €1,863 | €1,337 | -€526 | -28.2% |
| Taxes, remuneration and social security | 45 | €9,101 | €4,560 | -€4,541 | -49.9% |
| Taxes | 450/3 | €9,101 | €4,560 | -€4,541 | -49.9% |
| Other amounts payable | 47/48 | €37,393 | €19,182 | -€18,211 | -48.7% |
| Remuneration, social security and pensions | 62 | €652 | - | -€652 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,793 | €2,247 | -€546 | -19.5% |
| Other operating charges | 640/8 | €1,089 | €395 | -€694 | -63.7% |
| Non-recurring operating charges | 66A | - | €190 | +€190 | |
| Gross operating margin | 9900 | €52,842 | €24,707 | -€28,135 | -53.2% |
| Operating profit (loss) | 9901 | €48,308 | €21,875 | -€26,433 | -54.7% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €5,987 | €5,029 | -€958 | -16.0% |
| Recurring financial charges | 65 | €5,987 | €5,029 | -€958 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €42,324 | €16,846 | -€25,478 | -60.2% |
| Income taxes | 67/77 | €11,587 | €7,459 | -€4,128 | -35.6% |
| Profit (loss) for the period | 9904 | €30,737 | €9,387 | -€21,350 | -69.5% |
| Profit (loss) for the period to be appropriated | 9905 | €30,737 | €9,387 | -€21,350 | -69.5% |
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 14 October 2026 via checked.be.