Progalys: 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.
What changed
Progalys
NACE 46.810, Wholesale of solid, liquid and gaseous fuels and related products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€82,432
2024 · €7,674+€74,759
Equity
€638,899
2024 · €557,317+€81,583
Cash
€205,391
2024 · €201,848+€3,543
Balance sheet total
€1.4m
2024 · €1.6m-€177,434
Largest movements
Assets
- Tangible fixed assets -€150,997
down €150,997 (-14.6%), from €1.0m to €883,679
of which Furniture and vehicles: -€81,901
- Receivables within one year -€31,333
down €31,333 (-12.4%), from €253,046 to €221,713
of which Other amounts receivable: -€23,860
Equity and liabilities
- Debts after one year -€161,444
down €161,444 (-27.8%), from €580,648 to €419,205
- Trade debts -€89,324
down €89,324 (-47.9%), from €186,462 to €97,138
- Reserves +€82,432
up €82,432 (+15.4%), from €536,417 to €618,849
of which Distributable reserves: +€82,432
- Current portion of long-term debt -€18,742
down €18,742 (-10.5%), from €178,306 to €159,564
Income statement
- Gross operating margin +€193,403
up €193,403 (+27.0%), from €716,754 to €910,157
- Staff costs +€58,223
up €58,223 (+12.1%), from €481,331 to €539,555
- Taxes +€34,068
up €34,068 (+2988.8%), from €1,140 to €35,208
- Depreciation +€24,684
up €24,684 (+12.6%), from €195,280 to €219,964
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.
Result 2024
€7,674
Gross operating margin
+€193,403
Staff costs
-€58,223
Depreciation
-€24,684
Write-downs
+€1,653
Other operating charges
-€1,077
Financial income
-€1,813
Financial charges
-€431
Taxes
-€34,068
Result 2025
€82,432
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.
From operations
+€252,307
Investment
-€67,729
Financing
-€181,035
Cash 2024
€201,848
From operations (derived)
+€252,307
Net result for the year
+€82,432
Depreciation
+€219,964
Stocks and contracts
-€2,724
Receivables within one year
+€31,333
Deferred charges and accrued income
+€132
Trade debts
-€89,324
Tax, wage and social debts
+€11,514
Other debts
+€2,831
Accrued charges and deferred income
-€3,852
Investment (derived)
-€67,729
Investment in fixed assets (net)
-€67,729
Financing
-€181,035
Debts after one year
-€161,444
Current portion of long-term debt
-€18,742
Contributions, distributions and other
-€850
Cash 2025
€205,391
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,575,791 | €1,398,358 | -€177,434 | -11.3% |
| Fixed assets | 21/28 | €1,038,230 | €885,994 | -€152,236 | -14.7% |
| Intangible fixed assets | 21 | €2,475 | €1,236 | -€1,239 | -50.1% |
| Tangible fixed assets | 22/27 | €1,034,675 | €883,679 | -€150,997 | -14.6% |
| Land and buildings | 22 | €351,122 | €326,933 | -€24,189 | -6.9% |
| Plant, machinery and equipment | 23 | €63,169 | €48,555 | -€14,614 | -23.1% |
| Furniture and vehicles | 24 | €493,457 | €411,557 | -€81,901 | -16.6% |
| Leasing and similar rights | 25 | €92,496 | €69,450 | -€23,045 | -24.9% |
| Other tangible fixed assets | 26 | €34,431 | €27,184 | -€7,247 | -21.0% |
| Financial fixed assets | 28 | €1,080 | €1,080 | = | 0.0% |
| Current assets | 29/58 | €537,561 | €512,363 | -€25,198 | -4.7% |
| Stocks and contracts in progress | 3 | €35,391 | €38,115 | +€2,724 | +7.7% |
| Stocks | 30/36 | €35,391 | €38,115 | +€2,724 | +7.7% |
| Amounts receivable within one year | 40/41 | €253,046 | €221,713 | -€31,333 | -12.4% |
| Trade receivables | 40 | €229,186 | €221,713 | -€7,473 | -3.3% |
| Other amounts receivable | 41 | €23,860 | - | -€23,860 | |
| Cash at bank and in hand | 54/58 | €201,848 | €205,391 | +€3,543 | +1.8% |
| Deferred charges and accrued income | 490/1 | €47,276 | €47,144 | -€132 | -0.3% |
| Total equity and liabilities | 10/49 | €1,575,791 | €1,398,358 | -€177,434 | -11.3% |
| Equity | 10/15 | €557,317 | €638,899 | +€81,583 | +14.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €536,417 | €618,849 | +€82,432 | +15.4% |
| Tax-exempt reserves | 132 | €17,351 | €17,351 | = | 0.0% |
| Distributable reserves | 133 | €519,066 | €601,498 | +€82,432 | +15.9% |
| Investment grants | 15 | €2,300 | €1,450 | -€850 | -37.0% |
| Amounts payable | 17/49 | €1,018,475 | €759,458 | -€259,016 | -25.4% |
| Amounts payable after more than one year | 17 | €580,648 | €419,205 | -€161,444 | -27.8% |
| Financial debts | 170/4 | €580,648 | €419,205 | -€161,444 | -27.8% |
| Amounts payable within one year | 42/48 | €428,942 | €335,221 | -€93,721 | -21.8% |
| Current portion of amounts payable after more than one year | 42 | €178,306 | €159,564 | -€18,742 | -10.5% |
| Trade debts | 44 | €186,462 | €97,138 | -€89,324 | -47.9% |
| Suppliers | 440/4 | €186,462 | €97,138 | -€89,324 | -47.9% |
| Taxes, remuneration and social security | 45 | €54,000 | €65,515 | +€11,514 | +21.3% |
| Taxes | 450/3 | €9,760 | €23,719 | +€13,958 | +143.0% |
| Remuneration and social security | 454/9 | €44,240 | €41,796 | -€2,444 | -5.5% |
| Other amounts payable | 47/48 | €10,173 | €13,004 | +€2,831 | +27.8% |
| Accrued charges and deferred income | 492/3 | €8,885 | €5,033 | -€3,852 | -43.3% |
| Non-recurring operating income | 76A | €1,250 | €2,000 | +€750 | +60.0% |
| Remuneration, social security and pensions | 62 | €481,331 | €539,555 | +€58,223 | +12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €195,280 | €219,964 | +€24,684 | +12.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,560 | €907 | -€1,653 | -64.6% |
| Other operating charges | 640/8 | €8,895 | €9,972 | +€1,077 | +12.1% |
| Gross operating margin | 9900 | €716,754 | €910,157 | +€193,403 | +27.0% |
| Operating profit (loss) | 9901 | €28,688 | €139,759 | +€111,071 | +387.2% |
| Financial income | 75/76B | €3,020 | €1,207 | -€1,813 | -60.0% |
| Recurring financial income | 75 | €3,020 | €1,207 | -€1,813 | -60.0% |
| Financial charges | 65/66B | €22,894 | €23,325 | +€431 | +1.9% |
| Recurring financial charges | 65 | €22,894 | €23,325 | +€431 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €8,814 | €117,640 | +€108,827 | +1234.8% |
| Income taxes | 67/77 | €1,140 | €35,208 | +€34,068 | +2988.8% |
| Profit (loss) for the period | 9904 | €7,674 | €82,432 | +€74,759 | +974.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,674 | €82,432 | +€74,759 | +974.2% |
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 4 October 2026 via checked.be.