PGProGress: 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.
PGProGress
Largest movements
- Cash -€201,402
down €201,402 (-56.1%), from €359,212 to €157,810
mainly Current investments (-€150,000) and Contributions, distributions and other (-€100,000)
- Current investments +€150,000
new in 2025: €150,000
- Receivables within one year -€20,509
down €20,509 (-36.3%), from €56,535 to €36,026
of which Trade receivables: -€20,509
- Other debts -€46,952
down €46,952 (-16.6%), from €282,576 to €235,625
- Tax, wage and social debts -€31,505
down €31,505 (-71.6%), from €43,989 to €12,483
of which Taxes: -€19,362
- Reserves +€6,066
up €6,066 (+3.2%), from €189,387 to €195,454
of which Distributable reserves: +€7,926
- Gross operating margin +€27,454
up €27,454 (+23.7%), from €115,774 to €143,228
- Taxes +€6,981
up €6,981 (+29.0%), from €24,073 to €31,054
- Financial charges -€1,509
down €1,509 (-19.6%), from €7,679 to €6,170
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 | €544,323 | €471,797 | -€72,526 | -13.3% |
| Fixed assets | 21/28 | €128,577 | €127,806 | -€770 | -0.6% |
| Tangible fixed assets | 22/27 | €3,577 | €2,806 | -€770 | -21.5% |
| Furniture and vehicles | 24 | €2,043 | €1,785 | -€258 | -12.6% |
| Other tangible fixed assets | 26 | €1,533 | €1,021 | -€512 | -33.4% |
| Financial fixed assets | 28 | €125,000 | €125,000 | = | 0.0% |
| Current assets | 29/58 | €415,747 | €343,991 | -€71,756 | -17.3% |
| Amounts receivable within one year | 40/41 | €56,535 | €36,026 | -€20,509 | -36.3% |
| Trade receivables | 40 | €56,534 | €36,025 | -€20,509 | -36.3% |
| Other amounts receivable | 41 | €1 | €1 | = | 0.0% |
| Current investments | 50/53 | - | €150,000 | +€150,000 | |
| Cash at bank and in hand | 54/58 | €359,212 | €157,810 | -€201,402 | -56.1% |
| Deferred charges and accrued income | 490/1 | - | €155 | +€155 | |
| Total equity and liabilities | 10/49 | €544,323 | €471,797 | -€72,526 | -13.3% |
| Equity | 10/15 | €207,987 | €214,054 | +€6,066 | +2.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €189,387 | €195,454 | +€6,066 | +3.2% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €187,527 | €195,454 | +€7,926 | +4.2% |
| Amounts payable | 17/49 | €336,336 | €257,744 | -€78,592 | -23.4% |
| Amounts payable within one year | 42/48 | €327,595 | €252,319 | -€75,276 | -23.0% |
| Trade debts | 44 | €1,030 | €4,211 | +€3,181 | +309.0% |
| Suppliers | 440/4 | €1,030 | €4,211 | +€3,181 | +309.0% |
| Taxes, remuneration and social security | 45 | €43,989 | €12,483 | -€31,505 | -71.6% |
| Taxes | 450/3 | €31,845 | €12,483 | -€19,362 | -60.8% |
| Remuneration and social security | 454/9 | €12,144 | - | -€12,144 | |
| Other amounts payable | 47/48 | €282,576 | €235,625 | -€46,952 | -16.6% |
| Accrued charges and deferred income | 492/3 | €8,741 | €5,425 | -€3,316 | -37.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €770 | €770 | = | 0.0% |
| Other operating charges | 640/8 | €1,435 | €1,482 | +€47 | +3.3% |
| Gross operating margin | 9900 | €115,774 | €143,228 | +€27,454 | +23.7% |
| Operating profit (loss) | 9901 | €113,569 | €140,976 | +€27,407 | +24.1% |
| Financial income | 75/76B | €2,924 | €2,315 | -€609 | -20.8% |
| Recurring financial income | 75 | €2,924 | €2,315 | -€609 | -20.8% |
| Financial charges | 65/66B | €7,679 | €6,170 | -€1,509 | -19.6% |
| Recurring financial charges | 65 | €7,679 | €6,170 | -€1,509 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €108,814 | €137,120 | +€28,306 | +26.0% |
| Income taxes | 67/77 | €24,073 | €31,054 | +€6,981 | +29.0% |
| Profit (loss) for the period | 9904 | €84,741 | €106,066 | +€21,326 | +25.2% |
| Profit (loss) for the period to be appropriated | 9905 | €84,741 | €106,066 | +€21,326 | +25.2% |
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 8 October 2026 via checked.be.