B-Progress NV: 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.
B-Progress NV
Largest movements
- Financial fixed assets -€190,270
no longer reported in 2025 (was €190,270)
- Cash -€170,681
down €170,681 (-81.3%), from €209,928 to €39,247
mainly Trade debts (-€586,294) and Debts after one year (-€14,679)
- Receivables within one year -€99,985
down €99,985 (-14.5%), from €688,441 to €588,456
of which Trade receivables: -€83,195
- Tangible fixed assets +€60,506
up €60,506 (+42.0%), from €144,078 to €204,584
- Trade debts -€586,294
down €586,294 (-47.0%), from €1.2m to €660,628
of which Suppliers: -€679,319
- Tax, wage and social debts +€191,631
up €191,631 (+242.9%), from €78,905 to €270,537
of which Taxes: +€179,796
- Profit (loss) carried forward +€22,360
up €22,360 (+9.9%), from -€225,669 to -€203,309
- Debts after one year -€14,679
down €14,679 (-45.3%), from €32,378 to €17,699
- Gross operating margin +€1.1m
up €1.1m, from -€97,554 to €961,729
- Other operating charges +€488,365
up €488,365 (+2111.0%), from €23,134 to €511,500
- Financial charges +€190,606
up €190,606 (+3107.7%), from €6,133 to €196,739
of which Non-recurring financial charges: +€190,000
- Staff costs +€84,825
up €84,825 (+132.1%), from €64,228 to €149,053
- Depreciation +€40,519
up €40,519 (+98.3%), from €41,221 to €81,740
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 | €1,232,716 | €843,772 | -€388,944 | -31.6% |
| Fixed assets | 21/28 | €334,348 | €204,584 | -€129,764 | -38.8% |
| Tangible fixed assets | 22/27 | €144,078 | €204,584 | +€60,506 | +42.0% |
| Furniture and vehicles | 24 | €144,078 | €204,584 | +€60,506 | +42.0% |
| Financial fixed assets | 28 | €190,270 | - | -€190,270 | |
| Current assets | 29/58 | €898,369 | €639,188 | -€259,180 | -28.9% |
| Amounts receivable within one year | 40/41 | €688,441 | €588,456 | -€99,985 | -14.5% |
| Trade receivables | 40 | €617,137 | €533,943 | -€83,195 | -13.5% |
| Other amounts receivable | 41 | €71,303 | €54,513 | -€16,790 | -23.5% |
| Cash at bank and in hand | 54/58 | €209,928 | €39,247 | -€170,681 | -81.3% |
| Deferred charges and accrued income | 490/1 | - | €11,486 | +€11,486 | |
| Total equity and liabilities | 10/49 | €1,232,716 | €843,772 | -€388,944 | -31.6% |
| Equity | 10/15 | -€146,469 | -€124,109 | +€22,360 | +15.3% |
| Contributions | 10/11 | €72,000 | €72,000 | = | 0.0% |
| Capital | 10 | €72,000 | €72,000 | = | 0.0% |
| Issued capital | 100 | €72,000 | €72,000 | = | 0.0% |
| Reserves | 13 | €7,200 | €7,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,200 | €7,200 | = | 0.0% |
| Legal reserve | 130 | €7,200 | €7,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€225,669 | -€203,309 | +€22,360 | +9.9% |
| Amounts payable | 17/49 | €1,379,185 | €967,881 | -€411,304 | -29.8% |
| Amounts payable after more than one year | 17 | €32,378 | €17,699 | -€14,679 | -45.3% |
| Financial debts | 170/4 | €32,378 | €17,699 | -€14,679 | -45.3% |
| Amounts payable within one year | 42/48 | €1,345,644 | €950,182 | -€395,461 | -29.4% |
| Current portion of amounts payable after more than one year | 42 | €13,316 | €19,017 | +€5,701 | +42.8% |
| Trade debts | 44 | €1,246,922 | €660,628 | -€586,294 | -47.0% |
| Suppliers | 440/4 | €1,246,922 | €567,603 | -€679,319 | -54.5% |
| Bills of exchange payable | 441 | - | €93,026 | +€93,026 | |
| Taxes, remuneration and social security | 45 | €78,905 | €270,537 | +€191,631 | +242.9% |
| Taxes | 450/3 | €68,286 | €248,082 | +€179,796 | +263.3% |
| Remuneration and social security | 454/9 | €10,620 | €22,455 | +€11,835 | +111.4% |
| Other amounts payable | 47/48 | €6,500 | - | -€6,500 | |
| Accrued charges and deferred income | 492/3 | €1,164 | - | -€1,164 | |
| Remuneration, social security and pensions | 62 | €64,228 | €149,053 | +€84,825 | +132.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,221 | €81,740 | +€40,519 | +98.3% |
| Other operating charges | 640/8 | €23,134 | €511,500 | +€488,365 | +2111.0% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | -€97,554 | €961,729 | +€1.1m | |
| Operating profit (loss) | 9901 | -€226,137 | €219,436 | +€445,573 | |
| Financial income | 75/76B | €6,943 | €23 | -€6,920 | -99.7% |
| Recurring financial income | 75 | €6,943 | €23 | -€6,920 | -99.7% |
| Financial charges | 65/66B | €6,133 | €196,739 | +€190,606 | +3107.7% |
| Recurring financial charges | 65 | €6,133 | €6,739 | +€606 | +9.9% |
| Non-recurring financial charges | 66B | - | €190,000 | +€190,000 | |
| Profit (loss) for the period before taxes | 9903 | -€225,327 | €22,719 | +€248,047 | |
| Income taxes | 67/77 | €342 | €360 | +€18 | +5.3% |
| Profit (loss) for the period | 9904 | -€225,669 | €22,360 | +€248,029 | |
| Profit (loss) for the period to be appropriated | 9905 | -€225,669 | €22,360 | +€248,029 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.