IT 4 PROGRESS: 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.
IT 4 PROGRESS
Largest movements
- Receivables within one year +€19,047
up €19,047 (+233.2%), from €8,166 to €27,213
of which Trade receivables: +€16,576
- Deferred charges and accrued income -€11,342
down €11,342 (-76.3%), from €14,855 to €3,513
- Tangible fixed assets +€7,232
up €7,232 (+5.8%), from €123,644 to €130,876
of which Furniture and vehicles: +€11,940
- Current investments +€6,000
up €6,000 (+29.3%), from €20,500 to €26,500
- Cash -€5,292
down €5,292 (-7.1%), from €74,940 to €69,648
mainly Receivables within one year (-€19,047) and Investment in fixed assets (net) (-€15,993)
- Reserves +€27,040
up €27,040 (+40.5%), from €66,792 to €93,832
of which Distributable reserves: +€27,040
- Debts after one year -€9,200
down €9,200 (-30.0%), from €30,692 to €21,491
- Gross operating margin +€6,122
up €6,122 (+13.9%), from €44,029 to €50,152
- Taxes +€2,601
up €2,601 (+30.6%), from €8,496 to €11,096
- Financial income +€2,160
up €2,160 (+332.6%), from €650 to €2,810
- Depreciation -€1,989
down €1,989 (-18.5%), from €10,750 to €8,761
- Staff costs -€1,064
down €1,064 (-43.8%), from €2,430 to €1,366
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 | €242,105 | €257,750 | +€15,645 | +6.5% |
| Fixed assets | 21/28 | €123,644 | €130,876 | +€7,232 | +5.8% |
| Tangible fixed assets | 22/27 | €123,644 | €130,876 | +€7,232 | +5.8% |
| Land and buildings | 22 | €119,423 | €115,664 | -€3,759 | -3.1% |
| Plant, machinery and equipment | 23 | €1,570 | €621 | -€949 | -60.4% |
| Furniture and vehicles | 24 | €2,652 | €14,592 | +€11,940 | +450.2% |
| Current assets | 29/58 | €118,461 | €126,874 | +€8,413 | +7.1% |
| Amounts receivable within one year | 40/41 | €8,166 | €27,213 | +€19,047 | +233.2% |
| Trade receivables | 40 | €31 | €16,608 | +€16,576 | +52807.7% |
| Other amounts receivable | 41 | €8,135 | €10,605 | +€2,470 | +30.4% |
| Current investments | 50/53 | €20,500 | €26,500 | +€6,000 | +29.3% |
| Cash at bank and in hand | 54/58 | €74,940 | €69,648 | -€5,292 | -7.1% |
| Deferred charges and accrued income | 490/1 | €14,855 | €3,513 | -€11,342 | -76.3% |
| Total equity and liabilities | 10/49 | €242,105 | €257,750 | +€15,645 | +6.5% |
| Equity | 10/15 | €184,799 | €210,173 | +€25,374 | +13.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €66,792 | €93,832 | +€27,040 | +40.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €2,567 | €2,567 | = | 0.0% |
| Distributable reserves | 133 | €64,225 | €91,265 | +€27,040 | +42.1% |
| Profit (loss) carried forward | 14 | €111,807 | €110,141 | -€1,666 | -1.5% |
| Amounts payable | 17/49 | €57,306 | €47,576 | -€9,730 | -17.0% |
| Amounts payable after more than one year | 17 | €30,692 | €21,491 | -€9,200 | -30.0% |
| Financial debts | 170/4 | €30,692 | €21,491 | -€9,200 | -30.0% |
| Amounts payable within one year | 42/48 | €26,392 | €26,085 | -€307 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €8,775 | €9,200 | +€425 | +4.8% |
| Trade debts | 44 | €782 | €2,761 | +€1,979 | +253.1% |
| Suppliers | 440/4 | €782 | €2,761 | +€1,979 | +253.1% |
| Taxes, remuneration and social security | 45 | €13,835 | €12,124 | -€1,711 | -12.4% |
| Taxes | 450/3 | €13,835 | €12,124 | -€1,711 | -12.4% |
| Other amounts payable | 47/48 | €3,000 | €2,000 | -€1,000 | -33.3% |
| Accrued charges and deferred income | 492/3 | €223 | €0 | -€223 | -100.0% |
| Remuneration, social security and pensions | 62 | €2,430 | €1,366 | -€1,064 | -43.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,750 | €8,761 | -€1,989 | -18.5% |
| Other operating charges | 640/8 | €3,167 | €2,742 | -€425 | -13.4% |
| Gross operating margin | 9900 | €44,029 | €50,152 | +€6,122 | +13.9% |
| Operating profit (loss) | 9901 | €27,682 | €37,282 | +€9,600 | +34.7% |
| Financial income | 75/76B | €650 | €2,810 | +€2,160 | +332.6% |
| Recurring financial income | 75 | €650 | €2,810 | +€2,160 | +332.6% |
| Financial charges | 65/66B | €2,349 | €1,956 | -€394 | -16.8% |
| Recurring financial charges | 65 | €2,349 | €1,956 | -€394 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €25,982 | €38,137 | +€12,154 | +46.8% |
| Income taxes | 67/77 | €8,496 | €11,096 | +€2,601 | +30.6% |
| Profit (loss) for the period | 9904 | €17,487 | €27,040 | +€9,554 | +54.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,487 | €27,040 | +€9,554 | +54.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.