PRAGMATIK CONSULT: 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 CONSULT
Largest movements
- Tangible fixed assets -€32,270
down €32,270 (-3.4%), from €944,807 to €912,537
of which Land and buildings: -€27,527
- Other debts +€139,996
up €139,996 (+177%), from €79,158 to €219,154
- Profit (loss) carried forward -€138,684
no longer reported in 2025 (was €138,684)
- Debts after one year -€54,952
down €54,952 (-8.0%), from €691,189 to €636,237
- Tax, wage and social debts +€14,165
up €14,165 (+71.4%), from €19,839 to €34,004
- Depreciation -€23,718
down €23,718 (-42.4%), from €55,988 to €32,270
- Taxes +€4,414
up €4,414 (+10.0%), from €44,066 to €48,480
- Financial charges +€3,140
up €3,140 (+21.3%), from €14,746 to €17,887
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 | €1,003,494 | €965,023 | -€38,470 | -3.8% |
| Fixed assets | 21/28 | €944,807 | €912,537 | -€32,270 | -3.4% |
| Tangible fixed assets | 22/27 | €944,807 | €912,537 | -€32,270 | -3.4% |
| Land and buildings | 22 | €930,098 | €902,571 | -€27,527 | -3.0% |
| Plant, machinery and equipment | 23 | €1,142 | €398 | -€744 | -65.2% |
| Furniture and vehicles | 24 | €3,370 | €2,272 | -€1,098 | -32.6% |
| Other tangible fixed assets | 26 | €10,197 | €7,296 | -€2,901 | -28.4% |
| Current assets | 29/58 | €58,687 | €52,487 | -€6,200 | -10.6% |
| Amounts receivable within one year | 40/41 | €2,014 | €3,447 | +€1,433 | +71.1% |
| Trade receivables | 40 | €2,014 | €3,447 | +€1,433 | +71.1% |
| Cash at bank and in hand | 54/58 | €47,088 | €41,818 | -€5,270 | -11.2% |
| Deferred charges and accrued income | 490/1 | €9,584 | €7,221 | -€2,363 | -24.7% |
| Total equity and liabilities | 10/49 | €1,003,494 | €965,023 | -€38,470 | -3.8% |
| Equity | 10/15 | €157,284 | €18,600 | -€138,684 | -88.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €138,684 | - | -€138,684 | |
| Amounts payable | 17/49 | €846,209 | €946,423 | +€100,214 | +11.8% |
| Amounts payable after more than one year | 17 | €691,189 | €636,237 | -€54,952 | -8.0% |
| Financial debts | 170/4 | €691,189 | €636,237 | -€54,952 | -8.0% |
| Amounts payable within one year | 42/48 | €155,021 | €310,187 | +€155,166 | +100% |
| Current portion of amounts payable after more than one year | 42 | €53,735 | €54,952 | +€1,217 | +2.3% |
| Trade debts | 44 | €2,288 | €2,077 | -€211 | -9.2% |
| Suppliers | 440/4 | €2,288 | €2,077 | -€211 | -9.2% |
| Taxes, remuneration and social security | 45 | €19,839 | €34,004 | +€14,165 | +71.4% |
| Taxes | 450/3 | €19,839 | €34,004 | +€14,165 | +71.4% |
| Other amounts payable | 47/48 | €79,158 | €219,154 | +€139,996 | +177% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,988 | €32,270 | -€23,718 | -42.4% |
| Other operating charges | 640/8 | €4,256 | €6,612 | +€2,356 | +55.3% |
| Gross operating margin | 9900 | €257,488 | €256,912 | -€576 | -0.2% |
| Operating profit (loss) | 9901 | €197,244 | €218,031 | +€20,787 | +10.5% |
| Financial income | 75/76B | €253 | €260 | +€8 | +3.1% |
| Recurring financial income | 75 | €253 | €260 | +€8 | +3.1% |
| Financial charges | 65/66B | €14,746 | €17,887 | +€3,140 | +21.3% |
| Recurring financial charges | 65 | €14,746 | €17,887 | +€3,140 | +21.3% |
| Profit (loss) for the period before taxes | 9903 | €182,750 | €200,405 | +€17,654 | +9.7% |
| Income taxes | 67/77 | €44,066 | €48,480 | +€4,414 | +10.0% |
| Profit (loss) for the period | 9904 | €138,684 | €151,925 | +€13,240 | +9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €138,684 | €151,925 | +€13,240 | +9.5% |
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 28 October 2026 via checked.be.