PRAGMATICO: 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.
PRAGMATICO
Largest movements
- Receivables within one year -€19,772
down €19,772 (-47.2%), from €41,880 to €22,108
of which Trade receivables: -€34,225
- Current investments +€15,000
up €15,000 (+20.0%), from €75,000 to €90,000
- Tangible fixed assets -€12,291
down €12,291 (-7.1%), from €174,159 to €161,868
of which Furniture and vehicles: -€6,383
- Cash +€7,555
up €7,555 (+14.3%), from €52,715 to €60,270
mainly Receivables within one year (+€19,772) and Depreciation (+€12,291)
- Debts after one year -€7,415
down €7,415 (-74.7%), from €9,925 to €2,510
- Tax, wage and social debts -€4,837
down €4,837 (-40.5%), from €11,943 to €7,106
- Gross operating margin -€53,093
down €53,093 (-75.8%), from €70,049 to €16,956
- Taxes -€13,709
down €13,709 (-83.7%), from €16,369 to €2,660
- Financial income +€2,481
up €2,481 (+1,312%), from €189 to €2,670
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 | €344,954 | €335,596 | -€9,359 | -2.7% |
| Fixed assets | 21/28 | €175,359 | €163,068 | -€12,291 | -7.0% |
| Tangible fixed assets | 22/27 | €174,159 | €161,868 | -€12,291 | -7.1% |
| Land and buildings | 22 | €153,242 | €147,334 | -€5,908 | -3.9% |
| Furniture and vehicles | 24 | €20,917 | €14,533 | -€6,383 | -30.5% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €169,595 | €172,528 | +€2,933 | +1.7% |
| Amounts receivable within one year | 40/41 | €41,880 | €22,108 | -€19,772 | -47.2% |
| Trade receivables | 40 | €38,192 | €3,967 | -€34,225 | -89.6% |
| Other amounts receivable | 41 | €3,688 | €18,141 | +€14,453 | +392% |
| Current investments | 50/53 | €75,000 | €90,000 | +€15,000 | +20.0% |
| Cash at bank and in hand | 54/58 | €52,715 | €60,270 | +€7,555 | +14.3% |
| Deferred charges and accrued income | 490/1 | - | €150 | +€150 | |
| Total equity and liabilities | 10/49 | €344,954 | €335,596 | -€9,359 | -2.7% |
| Equity | 10/15 | €309,002 | €311,361 | +€2,359 | +0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €289,930 | €292,280 | +€2,350 | +0.8% |
| Distributable reserves | 133 | €289,930 | €292,280 | +€2,350 | +0.8% |
| Profit (loss) carried forward | 14 | €472 | €481 | +€9 | +1.9% |
| Amounts payable | 17/49 | €35,952 | €24,234 | -€11,718 | -32.6% |
| Amounts payable after more than one year | 17 | €9,925 | €2,510 | -€7,415 | -74.7% |
| Financial debts | 170/4 | €9,925 | €2,510 | -€7,415 | -74.7% |
| Amounts payable within one year | 42/48 | €25,222 | €20,895 | -€4,327 | -17.2% |
| Current portion of amounts payable after more than one year | 42 | €7,246 | €7,415 | +€169 | +2.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,013 | €484 | -€529 | -52.2% |
| Suppliers | 440/4 | €1,013 | €484 | -€529 | -52.2% |
| Advances received on contracts in progress | 46 | - | €734 | +€734 | |
| Taxes, remuneration and social security | 45 | €11,943 | €7,106 | -€4,837 | -40.5% |
| Taxes | 450/3 | €11,943 | €7,106 | -€4,837 | -40.5% |
| Other amounts payable | 47/48 | €5,019 | €5,155 | +€136 | +2.7% |
| Accrued charges and deferred income | 492/3 | €805 | €830 | +€25 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,291 | €12,291 | = | 0.0% |
| Other operating charges | 640/8 | €1,588 | €1,858 | +€270 | +17.0% |
| Gross operating margin | 9900 | €70,049 | €16,956 | -€53,093 | -75.8% |
| Operating profit (loss) | 9901 | €56,169 | €2,807 | -€53,363 | -95.0% |
| Financial income | 75/76B | €189 | €2,670 | +€2,481 | +1,312% |
| Recurring financial income | 75 | €189 | €2,670 | +€2,481 | +1,312% |
| Financial charges | 65/66B | €805 | €457 | -€348 | -43.2% |
| Recurring financial charges | 65 | €805 | €457 | -€348 | -43.2% |
| Profit (loss) for the period before taxes | 9903 | €55,553 | €5,019 | -€50,534 | -91.0% |
| Income taxes | 67/77 | €16,369 | €2,660 | -€13,709 | -83.7% |
| Profit (loss) for the period | 9904 | €39,184 | €2,359 | -€36,825 | -94.0% |
| Profit (loss) for the period to be appropriated | 9905 | €39,184 | €2,359 | -€36,825 | -94.0% |
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 23 October 2026 via checked.be.