Pragmattic: 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.
Pragmattic
Largest movements
- Cash -€36,617
down €36,617 (-79.5%), from €46,053 to €9,437
mainly Net result for the year (-€43,584) and Receivables within one year (-€24,714)
- Receivables within one year +€24,714
up €24,714 (+223.2%), from €11,072 to €35,786
of which Trade receivables: +€24,321
- Tangible fixed assets -€4,688
down €4,688 (-36.3%), from €12,915 to €8,227
- Profit (loss) carried forward -€43,584
down €43,584, from €31,521 to -€12,062
- Trade debts +€22,939
up €22,939 (+31367.6%), from €73 to €23,012
- Other debts +€3,865
up €3,865 (+10.9%), from €35,547 to €39,412
- Gross operating margin +€12,576
up €12,576 (+24.7%), from -€51,011 to -€38,435
- Taxes -€6,405
down €6,405 (-95.6%), from €6,697 to €292
- Financial income -€1,592
no longer reported in 2025 (was €1,592)
- Financial charges -€1,559
down €1,559 (-90.2%), from €1,727 to €169
- Depreciation -€1,251
down €1,251 (-21.1%), from €5,938 to €4,688
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 | €70,185 | €53,450 | -€16,735 | -23.8% |
| Fixed assets | 21/28 | €12,915 | €8,227 | -€4,688 | -36.3% |
| Tangible fixed assets | 22/27 | €12,915 | €8,227 | -€4,688 | -36.3% |
| Furniture and vehicles | 24 | €12,915 | €8,227 | -€4,688 | -36.3% |
| Current assets | 29/58 | €57,270 | €45,223 | -€12,047 | -21.0% |
| Amounts receivable within one year | 40/41 | €11,072 | €35,786 | +€24,714 | +223.2% |
| Trade receivables | 40 | €10 | €24,331 | +€24,321 | +243453.3% |
| Other amounts receivable | 41 | €11,062 | €11,455 | +€393 | +3.5% |
| Cash at bank and in hand | 54/58 | €46,053 | €9,437 | -€36,617 | -79.5% |
| Deferred charges and accrued income | 490/1 | €144 | - | -€144 | |
| Total equity and liabilities | 10/49 | €70,185 | €53,450 | -€16,735 | -23.8% |
| Equity | 10/15 | €34,021 | -€9,562 | -€43,584 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,521 | -€12,062 | -€43,584 | |
| Amounts payable | 17/49 | €36,163 | €63,012 | +€26,849 | +74.2% |
| Amounts payable within one year | 42/48 | €36,163 | €63,012 | +€26,849 | +74.2% |
| Trade debts | 44 | €73 | €23,012 | +€22,939 | +31367.6% |
| Suppliers | 440/4 | €73 | €23,012 | +€22,939 | +31367.6% |
| Taxes, remuneration and social security | 45 | €543 | €588 | +€45 | +8.2% |
| Taxes | 450/3 | €543 | €588 | +€45 | +8.2% |
| Other amounts payable | 47/48 | €35,547 | €39,412 | +€3,865 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,938 | €4,688 | -€1,251 | -21.1% |
| Other operating charges | 640/8 | €539 | - | -€539 | |
| Gross operating margin | 9900 | -€51,011 | -€38,435 | +€12,576 | +24.7% |
| Operating profit (loss) | 9901 | -€57,488 | -€43,123 | +€14,365 | +25.0% |
| Financial income | 75/76B | €1,592 | - | -€1,592 | |
| Recurring financial income | 75 | €1,592 | - | -€1,592 | |
| Financial charges | 65/66B | €1,727 | €169 | -€1,559 | -90.2% |
| Recurring financial charges | 65 | €1,727 | €169 | -€1,559 | -90.2% |
| Profit (loss) for the period before taxes | 9903 | -€57,624 | -€43,291 | +€14,333 | +24.9% |
| Income taxes | 67/77 | €6,697 | €292 | -€6,405 | -95.6% |
| Profit (loss) for the period | 9904 | -€64,321 | -€43,584 | +€20,737 | +32.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€64,321 | -€43,584 | +€20,737 | +32.2% |
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.