Progmatics: 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.
Progmatics
Largest movements
- Cash +€58,969
up €58,969 (+32.5%), from €181,364 to €240,333
mainly Net result for the year (+€53,973) and Advances received (+€32,398)
- Tangible fixed assets -€11,693
down €11,693 (-26.5%), from €44,154 to €32,461
of which Furniture and vehicles: -€11,275
- Receivables within one year +€8,169
up €8,169 (+26.2%), from €31,151 to €39,320
of which Trade receivables: +€9,582
- Advances received +€32,398
new in 2025: €32,398
- Reserves +€20,032
up €20,032 (+8.3%), from €240,786 to €260,818
of which Distributable reserves: +€20,032
- Gross operating margin +€22,798
up €22,798 (+35.0%), from €65,068 to €87,866
- Taxes +€7,099
up €7,099 (+47.3%), from €15,007 to €22,106
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 | €275,878 | €328,574 | +€52,696 | +19.1% |
| Fixed assets | 21/28 | €44,154 | €32,461 | -€11,693 | -26.5% |
| Tangible fixed assets | 22/27 | €44,154 | €32,461 | -€11,693 | -26.5% |
| Furniture and vehicles | 24 | €40,810 | €29,535 | -€11,275 | -27.6% |
| Other tangible fixed assets | 26 | €3,344 | €2,926 | -€418 | -12.5% |
| Current assets | 29/58 | €231,724 | €296,113 | +€64,389 | +27.8% |
| Amounts receivable after more than one year | 29 | €15,000 | €13,000 | -€2,000 | -13.3% |
| Other amounts receivable | 291 | €15,000 | €13,000 | -€2,000 | -13.3% |
| Stocks and contracts in progress | 3 | €2,042 | €1,170 | -€872 | -42.7% |
| Contracts in progress | 37 | €2,042 | €1,170 | -€872 | -42.7% |
| Amounts receivable within one year | 40/41 | €31,151 | €39,320 | +€8,169 | +26.2% |
| Trade receivables | 40 | €29,738 | €39,320 | +€9,582 | +32.2% |
| Other amounts receivable | 41 | €1,413 | - | -€1,413 | |
| Cash at bank and in hand | 54/58 | €181,364 | €240,333 | +€58,969 | +32.5% |
| Deferred charges and accrued income | 490/1 | €2,167 | €2,290 | +€123 | +5.7% |
| Total equity and liabilities | 10/49 | €275,878 | €328,574 | +€52,696 | +19.1% |
| Equity | 10/15 | €241,786 | €261,818 | +€20,032 | +8.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Contributions outside capital | 11 | €1,000 | €1,000 | = | 0.0% |
| Other | 1109/19 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €240,786 | €260,818 | +€20,032 | +8.3% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €240,686 | €260,718 | +€20,032 | +8.3% |
| Amounts payable | 17/49 | €34,092 | €66,756 | +€32,664 | +95.8% |
| Amounts payable within one year | 42/48 | €34,092 | €66,756 | +€32,664 | +95.8% |
| Trade debts | 44 | €12,746 | €15,569 | +€2,823 | +22.1% |
| Suppliers | 440/4 | €12,746 | €15,569 | +€2,823 | +22.1% |
| Advances received on contracts in progress | 46 | - | €32,398 | +€32,398 | |
| Taxes, remuneration and social security | 45 | €21,346 | €18,067 | -€3,279 | -15.4% |
| Taxes | 450/3 | €21,346 | €18,067 | -€3,279 | -15.4% |
| Other amounts payable | 47/48 | - | €723 | +€723 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,026 | €11,693 | -€333 | -2.8% |
| Other operating charges | 640/8 | €744 | €345 | -€399 | -53.7% |
| Gross operating margin | 9900 | €65,068 | €87,866 | +€22,798 | +35.0% |
| Operating profit (loss) | 9901 | €52,297 | €75,828 | +€23,531 | +45.0% |
| Financial income | 75/76B | €373 | €335 | -€37 | -10.0% |
| Recurring financial income | 75 | €373 | €335 | -€37 | -10.0% |
| Financial charges | 65/66B | €121 | €83 | -€37 | -30.9% |
| Recurring financial charges | 65 | €121 | €83 | -€37 | -30.9% |
| Profit (loss) for the period before taxes | 9903 | €52,549 | €76,080 | +€23,530 | +44.8% |
| Income taxes | 67/77 | €15,007 | €22,106 | +€7,099 | +47.3% |
| Profit (loss) for the period | 9904 | €37,542 | €53,973 | +€16,431 | +43.8% |
| Profit (loss) for the period to be appropriated | 9905 | €37,542 | €53,973 | +€16,431 | +43.8% |
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 14 October 2026 via checked.be.