PRAGMAWORK: 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.
PRAGMAWORK
Largest movements
- Cash +€23,051
up €23,051 (+423%), from €5,447 to €28,498
mainly Trade debts (+€30,465) and Advances received (+€10,741)
- Receivables within one year +€13,160
up €13,160 (+5.0%), from €261,354 to €274,514
of which Trade receivables: +€9,958
- Trade debts +€30,465
up €30,465 (+27.0%), from €113,005 to €143,469
- Advances received +€10,741
up €10,741 (+28.6%), from €37,578 to €48,319
- Tax, wage and social debts -€8,859
down €8,859 (-49.4%), from €17,915 to €9,057
of which Remuneration and social security: -€5,535
- Profit (loss) carried forward +€3,394
up €3,394 (+4.6%), from €74,465 to €77,859
- Gross operating margin -€10,097
down €10,097 (-60.1%), from €16,803 to €6,706
- Taxes -€2,204
down €2,204 (-67.0%), from €3,289 to €1,085
- Financial charges -€1,382
down €1,382 (-62.4%), from €2,215 to €833
- Depreciation +€364
up €364 (+340%), from €107 to €471
- Other operating charges +€215
up €215 (+30.4%), from €708 to €923
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €271,075 | €306,815 | +€35,740 | +13.2% |
| Fixed assets | 21/28 | €4,275 | €3,804 | -€471 | -11.0% |
| Tangible fixed assets | 22/27 | €2,248 | €1,777 | -€471 | -21.0% |
| Plant, machinery and equipment | 23 | €2,248 | €1,777 | -€471 | -21.0% |
| Financial fixed assets | 28 | €2,027 | €2,027 | = | 0.0% |
| Current assets | 29/58 | €266,800 | €303,012 | +€36,211 | +13.6% |
| Amounts receivable within one year | 40/41 | €261,354 | €274,514 | +€13,160 | +5.0% |
| Trade receivables | 40 | €255,366 | €265,324 | +€9,958 | +3.9% |
| Other amounts receivable | 41 | €5,988 | €9,190 | +€3,202 | +53.5% |
| Cash at bank and in hand | 54/58 | €5,447 | €28,498 | +€23,051 | +423% |
| Total equity and liabilities | 10/49 | €271,075 | €306,815 | +€35,740 | +13.2% |
| Equity | 10/15 | €102,577 | €105,970 | +€3,394 | +3.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,512 | €9,512 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,652 | €7,652 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,465 | €77,859 | +€3,394 | +4.6% |
| Amounts payable | 17/49 | €168,498 | €200,845 | +€32,347 | +19.2% |
| Amounts payable within one year | 42/48 | €168,498 | €200,845 | +€32,347 | +19.2% |
| Trade debts | 44 | €113,005 | €143,469 | +€30,465 | +27.0% |
| Suppliers | 440/4 | €113,005 | €143,469 | +€30,465 | +27.0% |
| Advances received on contracts in progress | 46 | €37,578 | €48,319 | +€10,741 | +28.6% |
| Taxes, remuneration and social security | 45 | €17,915 | €9,057 | -€8,859 | -49.4% |
| Taxes | 450/3 | €7,988 | €4,664 | -€3,323 | -41.6% |
| Remuneration and social security | 454/9 | €9,927 | €4,392 | -€5,535 | -55.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107 | €471 | +€364 | +340% |
| Other operating charges | 640/8 | €708 | €923 | +€215 | +30.4% |
| Gross operating margin | 9900 | €16,803 | €6,706 | -€10,097 | -60.1% |
| Operating profit (loss) | 9901 | €15,988 | €5,312 | -€10,676 | -66.8% |
| Financial income | 75/76B | €6 | - | -€6 | |
| Recurring financial income | 75 | €6 | - | -€6 | |
| Financial charges | 65/66B | €2,215 | €833 | -€1,382 | -62.4% |
| Recurring financial charges | 65 | €2,215 | €833 | -€1,382 | -62.4% |
| Profit (loss) for the period before taxes | 9903 | €13,779 | €4,479 | -€9,300 | -67.5% |
| Income taxes | 67/77 | €3,289 | €1,085 | -€2,204 | -67.0% |
| Profit (loss) for the period | 9904 | €10,490 | €3,394 | -€7,096 | -67.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,490 | €3,394 | -€7,096 | -67.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.