PRAGMATIX: 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.
PRAGMATIX
Largest movements
- Cash -€17,199
down €17,199 (-36.2%), from €47,503 to €30,304
mainly Net result for the year (-€30,098) and Investment in fixed assets (net) (-€1,565)
- Tangible fixed assets -€8,818
down €8,818 (-40.9%), from €21,562 to €12,744
of which Furniture and vehicles: -€9,842
- Receivables within one year -€4,040
down €4,040 (-81.4%), from €4,966 to €926
of which Other amounts receivable: -€3,028
- Deferred charges and accrued income +€920
up €920 (+242.7%), from €379 to €1,299
- Profit (loss) carried forward -€30,098
down €30,098 (-79.8%), from €37,736 to €7,638
- Trade debts +€961
up €961 (+79.2%), from €1,214 to €2,175
- Turnover -€53,750
down €53,750 (-79.8%), from €67,317 to €13,567
- Gross operating margin -€37,854
down €37,854, from €19,478 to -€18,376
- Purchases and services -€15,896
down €15,896 (-33.2%), from €47,839 to €31,943
- Taxes -€2,538
no longer reported in 2025 (was €2,538)
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 | €74,410 | €45,273 | -€29,137 | -39.2% |
| Fixed assets | 21/28 | €21,562 | €12,744 | -€8,818 | -40.9% |
| Tangible fixed assets | 22/27 | €21,562 | €12,744 | -€8,818 | -40.9% |
| Plant, machinery and equipment | 23 | €683 | €1,707 | +€1,024 | +149.9% |
| Furniture and vehicles | 24 | €20,879 | €11,037 | -€9,842 | -47.1% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €52,848 | €32,529 | -€20,319 | -38.4% |
| Amounts receivable within one year | 40/41 | €4,966 | €926 | -€4,040 | -81.4% |
| Trade receivables | 40 | €1,012 | - | -€1,012 | |
| Other amounts receivable | 41 | €3,954 | €926 | -€3,028 | -76.6% |
| Cash at bank and in hand | 54/58 | €47,503 | €30,304 | -€17,199 | -36.2% |
| Deferred charges and accrued income | 490/1 | €379 | €1,299 | +€920 | +242.7% |
| Total equity and liabilities | 10/49 | €74,410 | €45,273 | -€29,137 | -39.2% |
| Equity | 10/15 | €73,196 | €43,098 | -€30,098 | -41.1% |
| Contributions | 10/11 | €35,460 | €35,460 | = | 0.0% |
| Capital | 10 | €35,460 | €35,460 | = | 0.0% |
| Issued capital | 100 | €35,460 | €35,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,736 | €7,638 | -€30,098 | -79.8% |
| Amounts payable | 17/49 | €1,214 | €2,175 | +€961 | +79.2% |
| Amounts payable within one year | 42/48 | €1,214 | €2,175 | +€961 | +79.2% |
| Trade debts | 44 | €1,214 | €2,175 | +€961 | +79.2% |
| Suppliers | 440/4 | €1,214 | €2,175 | +€961 | +79.2% |
| Turnover | 70 | €67,317 | €13,567 | -€53,750 | -79.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €47,839 | €31,943 | -€15,896 | -33.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,414 | €10,383 | -€31 | -0.3% |
| Other operating charges | 640/8 | €1,152 | €1,205 | +€53 | +4.6% |
| Gross operating margin | 9900 | €19,478 | -€18,376 | -€37,854 | |
| Operating profit (loss) | 9901 | €7,912 | -€29,964 | -€37,876 | |
| Financial charges | 65/66B | €177 | €134 | -€43 | -24.3% |
| Recurring financial charges | 65 | €177 | €134 | -€43 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | €7,735 | -€30,098 | -€37,833 | |
| Income taxes | 67/77 | €2,538 | - | -€2,538 | |
| Profit (loss) for the period | 9904 | €5,197 | -€30,098 | -€35,295 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,197 | -€30,098 | -€35,295 |
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.