4PROGRESS: 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.
4PROGRESS
Largest movements
- Receivables within one year -€301,166
down €301,166 (-92.1%), from €327,069 to €25,903
of which Trade receivables: -€240,778
- Current investments -€153,086
down €153,086 (-38.0%), from €403,086 to €250,000
- Cash -€48,153
down €48,153 (-44.1%), from €109,222 to €61,069
mainly Contributions, distributions and other (-€266,500) and Other debts (-€246,666)
- Deferred charges and accrued income +€18,546
up €18,546 (+307.1%), from €6,040 to €24,585
- Other debts -€246,666
down €246,666 (-49.3%), from €500,594 to €253,928
- Accrued charges and deferred income -€170,464
down €170,464 (-90.0%), from €189,413 to €18,949
- Profit (loss) carried forward -€38,296
down €38,296 (-42.5%), from €90,157 to €51,861
- Tax, wage and social debts -€36,002
down €36,002 (-50.3%), from €71,585 to €35,583
- Gross operating margin -€25,621
down €25,621 (-8.2%), from €314,301 to €288,679
- Taxes -€12,083
down €12,083 (-15.1%), from €80,265 to €68,182
- Financial income +€6,915
up €6,915 (+71.2%), from €9,716 to €16,631
- Depreciation -€5,374
down €5,374 (-71.5%), from €7,517 to €2,143
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 | €857,948 | €366,655 | -€491,293 | -57.3% |
| Fixed assets | 21/28 | €12,531 | €5,098 | -€7,433 | -59.3% |
| Tangible fixed assets | 22/27 | €12,531 | €5,098 | -€7,433 | -59.3% |
| Plant, machinery and equipment | 23 | €884 | €490 | -€394 | -44.6% |
| Furniture and vehicles | 24 | €11,647 | €4,608 | -€7,039 | -60.4% |
| Current assets | 29/58 | €845,417 | €361,557 | -€483,860 | -57.2% |
| Amounts receivable within one year | 40/41 | €327,069 | €25,903 | -€301,166 | -92.1% |
| Trade receivables | 40 | €266,079 | €25,301 | -€240,778 | -90.5% |
| Other amounts receivable | 41 | €60,990 | €602 | -€60,388 | -99.0% |
| Current investments | 50/53 | €403,086 | €250,000 | -€153,086 | -38.0% |
| Cash at bank and in hand | 54/58 | €109,222 | €61,069 | -€48,153 | -44.1% |
| Deferred charges and accrued income | 490/1 | €6,040 | €24,585 | +€18,546 | +307.1% |
| Total equity and liabilities | 10/49 | €857,948 | €366,655 | -€491,293 | -57.3% |
| Equity | 10/15 | €95,157 | €56,861 | -€38,296 | -40.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €90,157 | €51,861 | -€38,296 | -42.5% |
| Amounts payable | 17/49 | €762,791 | €309,794 | -€452,997 | -59.4% |
| Amounts payable within one year | 42/48 | €573,378 | €290,845 | -€282,533 | -49.3% |
| Trade debts | 44 | €1,199 | €1,334 | +€135 | +11.2% |
| Suppliers | 440/4 | €1,199 | €1,334 | +€135 | +11.2% |
| Taxes, remuneration and social security | 45 | €71,585 | €35,583 | -€36,002 | -50.3% |
| Taxes | 450/3 | €71,585 | €35,583 | -€36,002 | -50.3% |
| Other amounts payable | 47/48 | €500,594 | €253,928 | -€246,666 | -49.3% |
| Accrued charges and deferred income | 492/3 | €189,413 | €18,949 | -€170,464 | -90.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,517 | €2,143 | -€5,374 | -71.5% |
| Other operating charges | 640/8 | €1,335 | €1,245 | -€90 | -6.8% |
| Non-recurring operating charges | 66A | - | €5,289 | +€5,289 | |
| Gross operating margin | 9900 | €314,301 | €288,679 | -€25,621 | -8.2% |
| Operating profit (loss) | 9901 | €305,448 | €280,002 | -€25,446 | -8.3% |
| Financial income | 75/76B | €9,716 | €16,631 | +€6,915 | +71.2% |
| Recurring financial income | 75 | €9,716 | €16,631 | +€6,915 | +71.2% |
| Financial charges | 65/66B | €1,019 | €246 | -€773 | -75.8% |
| Recurring financial charges | 65 | €1,019 | €246 | -€773 | -75.8% |
| Profit (loss) for the period before taxes | 9903 | €314,146 | €296,386 | -€17,759 | -5.7% |
| Income taxes | 67/77 | €80,265 | €68,182 | -€12,083 | -15.1% |
| Profit (loss) for the period | 9904 | €233,880 | €228,204 | -€5,676 | -2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €233,880 | €228,204 | -€5,676 | -2.4% |
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 4 October 2026 via checked.be.