PRAGMATICA: 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.
PRAGMATICA
Largest movements
- Receivables within one year +€8,567
up €8,567 (+91.8%), from €9,329 to €17,896
- Cash -€881
down €881 (-2.9%), from €30,298 to €29,417
mainly Receivables within one year (-€8,567) and Investment in fixed assets (net) (-€1,500)
- Tangible fixed assets +€515
up €515 (+40.9%), from €1,259 to €1,775
- Reserves +€5,046
up €5,046 (+50.0%), from €10,091 to €15,137
- Other debts +€2,100
up €2,100 (+100.0%), from €2,100 to €4,200
- Trade debts +€529
up €529 (+36.6%), from €1,445 to €1,974
- Gross operating margin -€4,969
down €4,969 (-30.9%), from €16,099 to €11,130
- Taxes -€906
down €906 (-23.1%), from €3,921 to €3,015
- Depreciation +€593
up €593 (+151.3%), from €392 to €985
- Financial charges +€280
up €280 (+24.1%), from €1,160 to €1,441
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 | €41,560 | €49,421 | +€7,861 | +18.9% |
| Fixed assets | 21/28 | €1,259 | €1,775 | +€515 | +40.9% |
| Tangible fixed assets | 22/27 | €1,259 | €1,775 | +€515 | +40.9% |
| Furniture and vehicles | 24 | €1,259 | €1,775 | +€515 | +40.9% |
| Current assets | 29/58 | €40,300 | €47,646 | +€7,345 | +18.2% |
| Amounts receivable within one year | 40/41 | €9,329 | €17,896 | +€8,567 | +91.8% |
| Trade receivables | 40 | €9,329 | €17,896 | +€8,567 | +91.8% |
| Cash at bank and in hand | 54/58 | €30,298 | €29,417 | -€881 | -2.9% |
| Deferred charges and accrued income | 490/1 | €674 | €333 | -€341 | -50.6% |
| Total equity and liabilities | 10/49 | €41,560 | €49,421 | +€7,861 | +18.9% |
| Equity | 10/15 | €30,091 | €35,137 | +€5,046 | +16.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €10,091 | €15,137 | +€5,046 | +50.0% |
| Distributable reserves | 133 | €10,091 | €15,137 | +€5,046 | +50.0% |
| Amounts payable | 17/49 | €11,469 | €14,283 | +€2,814 | +24.5% |
| Amounts payable within one year | 42/48 | €11,469 | €14,283 | +€2,814 | +24.5% |
| Trade debts | 44 | €1,445 | €1,974 | +€529 | +36.6% |
| Suppliers | 440/4 | €1,445 | €1,974 | +€529 | +36.6% |
| Taxes, remuneration and social security | 45 | €7,924 | €8,110 | +€186 | +2.3% |
| Taxes | 450/3 | €7,924 | €8,110 | +€186 | +2.3% |
| Other amounts payable | 47/48 | €2,100 | €4,200 | +€2,100 | +100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €392 | €985 | +€593 | +151.3% |
| Other operating charges | 640/8 | €550 | €644 | +€94 | +17.1% |
| Gross operating margin | 9900 | €16,099 | €11,130 | -€4,969 | -30.9% |
| Operating profit (loss) | 9901 | €15,157 | €9,502 | -€5,656 | -37.3% |
| Financial income | 75/76B | €15 | €0 | -€15 | -99.9% |
| Recurring financial income | 75 | €15 | €0 | -€15 | -99.9% |
| Financial charges | 65/66B | €1,160 | €1,441 | +€280 | +24.1% |
| Recurring financial charges | 65 | €1,160 | €1,441 | +€280 | +24.1% |
| Profit (loss) for the period before taxes | 9903 | €14,012 | €8,061 | -€5,951 | -42.5% |
| Income taxes | 67/77 | €3,921 | €3,015 | -€906 | -23.1% |
| Profit (loss) for the period | 9904 | €10,091 | €5,046 | -€5,045 | -50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,091 | €5,046 | -€5,045 | -50.0% |
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.