PRAGMATICT: what changed
Two fiscal 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.
PRAGMATICT
Largest movements
- Cash -€46,215
down €46,215 (-99.1%), from €46,613 to €398
mainly Receivables within one year (-€22,301) and Contributions, distributions and other (-€22,000)
- Receivables within one year +€22,301
up €22,301 (+99.8%), from €22,348 to €44,649
of which Trade receivables: +€34,701
- Tangible fixed assets -€10,019
down €10,019 (-31.4%), from €31,857 to €21,839
of which Furniture and vehicles: -€9,756
- Profit (loss) carried forward -€43,353
down €43,353 (-98.1%), from €44,177 to €823
- Other debts +€7,489
up €7,489 (+31.2%), from €24,000 to €31,489
- Tax, wage and social debts +€3,394
up €3,394 (+115.9%), from €2,928 to €6,321
- Gross operating margin -€92,694
down €92,694, from €82,244 to -€10,450
- Taxes -€14,624
down €14,624 (-97.5%), from €14,997 to €373
- Financial income -€11,427
down €11,427 (-99.7%), from €11,464 to €37
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 | €101,970 | €69,039 | -€32,931 | -32.3% |
| Fixed assets | 21/28 | €32,317 | €22,299 | -€10,019 | -31.0% |
| Tangible fixed assets | 22/27 | €31,857 | €21,839 | -€10,019 | -31.4% |
| Plant, machinery and equipment | 23 | €881 | €618 | -€262 | -29.8% |
| Furniture and vehicles | 24 | €30,976 | €21,220 | -€9,756 | -31.5% |
| Financial fixed assets | 28 | €460 | €460 | = | 0.0% |
| Current assets | 29/58 | €69,653 | €46,740 | -€22,912 | -32.9% |
| Amounts receivable within one year | 40/41 | €22,348 | €44,649 | +€22,301 | +99.8% |
| Trade receivables | 40 | - | €34,701 | +€34,701 | |
| Other amounts receivable | 41 | €22,348 | €9,948 | -€12,400 | -55.5% |
| Cash at bank and in hand | 54/58 | €46,613 | €398 | -€46,215 | -99.1% |
| Deferred charges and accrued income | 490/1 | €691 | €1,693 | +€1,002 | +144.9% |
| Total equity and liabilities | 10/49 | €101,970 | €69,039 | -€32,931 | -32.3% |
| Equity | 10/15 | €74,582 | €31,228 | -€43,353 | -58.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €11,855 | €11,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,177 | €823 | -€43,353 | -98.1% |
| Amounts payable | 17/49 | €27,388 | €37,810 | +€10,422 | +38.1% |
| Amounts payable within one year | 42/48 | €27,388 | €37,810 | +€10,422 | +38.1% |
| Trade debts | 44 | €460 | - | -€460 | |
| Suppliers | 440/4 | €460 | - | -€460 | |
| Taxes, remuneration and social security | 45 | €2,928 | €6,321 | +€3,394 | +115.9% |
| Taxes | 450/3 | €2,928 | €6,321 | +€3,394 | +115.9% |
| Other amounts payable | 47/48 | €24,000 | €31,489 | +€7,489 | +31.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,025 | €10,019 | -€7 | -0.1% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €82,244 | -€10,450 | -€92,694 | |
| Operating profit (loss) | 9901 | €71,831 | -€20,869 | -€92,700 | |
| Financial income | 75/76B | €11,464 | €37 | -€11,427 | -99.7% |
| Recurring financial income | 75 | €11,464 | €37 | -€11,427 | -99.7% |
| Financial charges | 65/66B | €160 | €149 | -€11 | -6.9% |
| Recurring financial charges | 65 | €160 | €149 | -€11 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | €83,136 | -€20,980 | -€104,116 | |
| Income taxes | 67/77 | €14,997 | €373 | -€14,624 | -97.5% |
| Profit (loss) for the period | 9904 | €68,139 | -€21,353 | -€89,492 | |
| Profit (loss) for the period to be appropriated | 9905 | €68,139 | -€21,353 | -€89,492 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.