Pragmatik: 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.
Pragmatik
Largest movements
- Receivables within one year -€92,677
down €92,677 (-79.9%), from €115,953 to €23,276
of which Other amounts receivable: -€95,280
- Tangible fixed assets -€9,021
down €9,021 (-27.1%), from €33,280 to €24,258
of which Furniture and vehicles: -€8,327
- Cash +€4,815
up €4,815 (+4.6%), from €103,724 to €108,539
mainly Net result for the year (+€98,303) and Receivables within one year (+€92,677)
- Profit (loss) carried forward -€103,624
down €103,624 (-88.6%), from €116,926 to €13,303
- Tax, wage and social debts +€25,749
up €25,749 (+377.7%), from €6,817 to €32,566
- Other debts -€13,040
down €13,040 (-10.9%), from €120,000 to €106,960
- Current portion of long-term debt -€3,741
down €3,741 (-100.0%), from €3,741 to €0
- Gross operating margin +€41,915
up €41,915 (+43.6%), from €96,073 to €137,988
- Taxes +€9,523
up €9,523 (+52.2%), from €18,245 to €27,768
- Financial income -€2,956
down €2,956 (-100.0%), from €2,956 to €0
- Depreciation +€1,572
up €1,572 (+17.2%), from €9,166 to €10,738
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 | €252,957 | €156,073 | -€96,884 | -38.3% |
| Fixed assets | 21/28 | €33,280 | €24,258 | -€9,021 | -27.1% |
| Tangible fixed assets | 22/27 | €33,280 | €24,258 | -€9,021 | -27.1% |
| Plant, machinery and equipment | 23 | €19,005 | €18,811 | -€194 | -1.0% |
| Furniture and vehicles | 24 | €12,979 | €4,652 | -€8,327 | -64.2% |
| Other tangible fixed assets | 26 | €1,296 | €796 | -€500 | -38.6% |
| Current assets | 29/58 | €219,677 | €131,814 | -€87,863 | -40.0% |
| Amounts receivable within one year | 40/41 | €115,953 | €23,276 | -€92,677 | -79.9% |
| Trade receivables | 40 | €18,838 | €21,440 | +€2,602 | +13.8% |
| Other amounts receivable | 41 | €97,115 | €1,836 | -€95,280 | -98.1% |
| Cash at bank and in hand | 54/58 | €103,724 | €108,539 | +€4,815 | +4.6% |
| Total equity and liabilities | 10/49 | €252,957 | €156,073 | -€96,884 | -38.3% |
| Equity | 10/15 | €119,426 | €15,803 | -€103,624 | -86.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €116,926 | €13,303 | -€103,624 | -88.6% |
| Amounts payable | 17/49 | €133,530 | €140,270 | +€6,740 | +5.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €133,530 | €140,270 | +€6,740 | +5.0% |
| Current portion of amounts payable after more than one year | 42 | €3,741 | €0 | -€3,741 | -100.0% |
| Trade debts | 44 | €2,973 | €744 | -€2,229 | -75.0% |
| Suppliers | 440/4 | €2,973 | €744 | -€2,229 | -75.0% |
| Taxes, remuneration and social security | 45 | €6,817 | €32,566 | +€25,749 | +377.7% |
| Taxes | 450/3 | €6,817 | €32,566 | +€25,749 | +377.7% |
| Other amounts payable | 47/48 | €120,000 | €106,960 | -€13,040 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,166 | €10,738 | +€1,572 | +17.2% |
| Other operating charges | 640/8 | €974 | €824 | -€150 | -15.4% |
| Gross operating margin | 9900 | €96,073 | €137,988 | +€41,915 | +43.6% |
| Operating profit (loss) | 9901 | €85,934 | €126,426 | +€40,493 | +47.1% |
| Financial income | 75/76B | €2,956 | €0 | -€2,956 | -100.0% |
| Recurring financial income | 75 | €2,956 | €0 | -€2,956 | -100.0% |
| Financial charges | 65/66B | €270 | €355 | +€85 | +31.5% |
| Recurring financial charges | 65 | €270 | €355 | +€85 | +31.5% |
| Profit (loss) for the period before taxes | 9903 | €88,620 | €126,071 | +€37,451 | +42.3% |
| Income taxes | 67/77 | €18,245 | €27,768 | +€9,523 | +52.2% |
| Profit (loss) for the period | 9904 | €70,374 | €98,303 | +€27,928 | +39.7% |
| Profit (loss) for the period to be appropriated | 9905 | €70,374 | €98,303 | +€27,928 | +39.7% |
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.