PROGRESS HR
Annual accounts 2024
abbreviated format, filed on 04-07-2025, 27 days before the deadlineTurnover and EBIT margin are not published. The abbreviated format does not require them.
Balance sheet
balance sheet total €41,707 on 31-12-2024in euro
in euro
Staff
€20,945
Staff costs divided by the average number of full-time equivalents.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2024 | 2023 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
41,707 | 87,221 | |
21/28 |
11,917 | 16,483 | |
21 |
11,490 | 15,490 | |
22/27 |
427 | 993 | |
23 |
427 | 993 | |
29/58 |
29,790 | 70,738 | |
40/41 |
13,718 | 58,220 | |
40 |
13,718 | 58,220 | |
54/58 |
14,550 | 8,649 | |
490/1 |
1,522 | 3,869 | |
| Balance sheet: equity and liabilities | |||
10/49 |
41,707 | 87,221 | |
10/15 |
-30,048 | 7,173 | |
10/11 |
50,000 | 50,000 | |
14 |
-80,048 | -42,827 | |
17/49 |
71,755 | 80,048 | |
42/48 |
71,755 | 80,048 | |
44 |
30,710 | 50,520 | |
440/4 |
30,710 | 50,520 | |
45 |
2,004 | 2,879 | |
450/3 |
2,004 | 2,424 | |
454/9 |
0 | 455 | |
47/48 |
39,041 | 26,649 | |
492/3 |
- | 0 | |
| Income statement | |||
9900 |
-9,692 | 34,714 | |
62 |
20,945 | 67,456 | |
630 |
4,566 | 4,566 | |
640/8 |
1,170 | 669 | |
9901 |
-36,373 | -37,977 | |
75/76B |
19 | 2,367 | |
75 |
19 | 2,367 | |
65/66B |
868 | 829 | |
65 |
868 | 829 | |
9903 |
-37,221 | -36,439 | |
67/77 |
0 | 127 | |
9904 |
-37,221 | -36,566 | |
9905 |
-37,221 | -36,566 | |
| Appropriation of the result | |||
9906 |
-80,048 | -42,827 | |
14P |
-42,827 | -6,261 | |
| Social balance sheet | |||
9087 |
1 | 0.9 | |
Hours worked1013 |
825 | 1,780 | |
| Document | |||
The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2024 at the NBB, filed on 04-07-2025.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2024 | 2023 |
|---|---|---|---|
| -31,807 | -33,411 | ||
| -32,655 | -32,000 | ||
| 0 | - | ||
| 5,902 | - | ||
| -41,965 | -9,310 | ||
| -72.0% | 8.2% | ||
| 0.42 | 0.88 | ||
| - | 11.16 | ||
| - | -509.8% | ||
| -89.2% | -41.9% | ||
| -36.65 | -40.29 |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2024 | 31-12-2023 |
|---|---|---|
| Employees at the balance-sheet date | 1 | 1 |
| full-time | 1 | 1 |
| part-time | 0 | 0 |
| in full-time equivalents | 1 | 1 |
| 1 | 0.9 | |
| On a permanent contract | 1 | 1 |
| Joined | - | 3 |
| Left | - | 3 |
Source: social balance sheet in the 2023 to 2024 annual accounts
Insights on PROGRESS HR
The operating result for 2024 is a loss of €36,373, smaller than the loss of €37,977 in 2023.
Equity is negative. Debt (€71,755) exceeds the balance-sheet total (€41,707).