Jonathan Desitter Progrado: 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.
Jonathan Desitter Progrado
Largest movements
- Current investments +€44,000
new in 2025: €44,000
- Tangible fixed assets -€15,823
down €15,823 (-5.8%), from €271,271 to €255,448
of which Land and buildings: -€9,681
- Cash +€6,605
up €6,605 (+49.0%), from €13,485 to €20,090
mainly Net result for the year (+€37,354) and Depreciation (+€19,923)
- Receivables within one year -€6,485
down €6,485 (-26.7%), from €24,264 to €17,779
of which Trade receivables: -€4,924
- Profit (loss) carried forward +€38,129
up €38,129 (+66.4%), from €57,445 to €95,574
- Debts after one year -€24,179
down €24,179 (-15.9%), from €151,734 to €127,555
- Trade debts +€12,971
up €12,971 (+232%), from €5,596 to €18,567
- Tax, wage and social debts +€12,734
up €12,734 (+161%), from €7,919 to €20,654
of which Taxes: +€12,657
- Current portion of long-term debt -€5,693
down €5,693 (-13.0%), from €43,872 to €38,179
- Gross operating margin +€17,836
up €17,836 (+14.2%), from €125,228 to €143,063
- Taxes +€8,030
up €8,030 (+160%), from €5,006 to €13,037
- Depreciation +€4,791
up €4,791 (+31.7%), from €15,132 to €19,923
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 | €309,281 | €338,870 | +€29,590 | +9.6% |
| Fixed assets | 21/28 | €271,385 | €255,562 | -€15,823 | -5.8% |
| Tangible fixed assets | 22/27 | €271,271 | €255,448 | -€15,823 | -5.8% |
| Land and buildings | 22 | €243,968 | €234,287 | -€9,681 | -4.0% |
| Plant, machinery and equipment | 23 | €7,554 | €6,523 | -€1,031 | -13.6% |
| Furniture and vehicles | 24 | €19,749 | €14,638 | -€5,111 | -25.9% |
| Financial fixed assets | 28 | €115 | €115 | = | 0.0% |
| Current assets | 29/58 | €37,895 | €83,308 | +€45,413 | +120% |
| Amounts receivable within one year | 40/41 | €24,264 | €17,779 | -€6,485 | -26.7% |
| Trade receivables | 40 | €15,148 | €10,224 | -€4,924 | -32.5% |
| Other amounts receivable | 41 | €9,116 | €7,554 | -€1,561 | -17.1% |
| Current investments | 50/53 | - | €44,000 | +€44,000 | |
| Cash at bank and in hand | 54/58 | €13,485 | €20,090 | +€6,605 | +49.0% |
| Deferred charges and accrued income | 490/1 | €147 | €1,440 | +€1,293 | +880% |
| Total equity and liabilities | 10/49 | €309,281 | €338,870 | +€29,590 | +9.6% |
| Equity | 10/15 | €84,350 | €120,945 | +€36,595 | +43.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,445 | €95,574 | +€38,129 | +66.4% |
| Investment grants | 15 | €6,445 | €4,911 | -€1,535 | -23.8% |
| Amounts payable | 17/49 | €224,930 | €217,925 | -€7,005 | -3.1% |
| Amounts payable after more than one year | 17 | €151,734 | €127,555 | -€24,179 | -15.9% |
| Financial debts | 170/4 | €151,734 | €127,555 | -€24,179 | -15.9% |
| Amounts payable within one year | 42/48 | €73,196 | €90,370 | +€17,174 | +23.5% |
| Current portion of amounts payable after more than one year | 42 | €43,872 | €38,179 | -€5,693 | -13.0% |
| Trade debts | 44 | €5,596 | €18,567 | +€12,971 | +232% |
| Suppliers | 440/4 | €5,596 | €18,567 | +€12,971 | +232% |
| Taxes, remuneration and social security | 45 | €7,919 | €20,654 | +€12,734 | +161% |
| Taxes | 450/3 | €5,014 | €17,671 | +€12,657 | +252% |
| Remuneration and social security | 454/9 | €2,906 | €2,983 | +€77 | +2.7% |
| Other amounts payable | 47/48 | €15,808 | €12,970 | -€2,838 | -18.0% |
| Remuneration, social security and pensions | 62 | €65,637 | €64,763 | -€874 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,132 | €19,923 | +€4,791 | +31.7% |
| Other operating charges | 640/8 | €3,500 | €4,614 | +€1,114 | +31.8% |
| Gross operating margin | 9900 | €125,228 | €143,063 | +€17,836 | +14.2% |
| Operating profit (loss) | 9901 | €40,958 | €53,763 | +€12,805 | +31.3% |
| Financial income | 75/76B | €970 | €1,243 | +€274 | +28.2% |
| Recurring financial income | 75 | €970 | €1,243 | +€274 | +28.2% |
| Financial charges | 65/66B | €4,005 | €4,616 | +€611 | +15.3% |
| Recurring financial charges | 65 | €4,005 | €4,616 | +€611 | +15.3% |
| Profit (loss) for the period before taxes | 9903 | €37,923 | €50,391 | +€12,468 | +32.9% |
| Income taxes | 67/77 | €5,006 | €13,037 | +€8,030 | +160% |
| Profit (loss) for the period | 9904 | €32,916 | €37,354 | +€4,438 | +13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €32,916 | €37,354 | +€4,438 | +13.5% |
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 1 November 2026 via checked.be.