PROGARDEN: 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.
PROGARDEN
Largest movements
- Receivables within one year +€14,309
up €14,309 (+10.1%), from €142,057 to €156,366
of which Trade receivables: +€10,033
- Financial fixed assets +€13,500
new in 2024: €13,500
- Cash +€8,565
up €8,565 (+5.1%), from €168,662 to €177,227
mainly Net result for the year (+€46,132) and Tax, wage and social debts (+€43,928)
- Tangible fixed assets +€7,738
up €7,738 (+35.7%), from €21,677 to €29,415
of which Plant, machinery and equipment: +€9,896
- Profit (loss) carried forward +€46,132
up €46,132 (+25.2%), from €183,209 to €229,340
- Tax, wage and social debts +€43,928
up €43,928 (+199%), from €22,128 to €66,056
of which Taxes: +€24,256
- Other debts -€35,778
no longer reported in 2024 (was €35,778)
- Trade debts -€10,835
down €10,835 (-54.0%), from €20,047 to €9,212
- Current portion of long-term debt -€5,634
down €5,634 (-93.9%), from €5,997 to €364
- Gross operating margin +€79,647
up €79,647 (+35.7%), from €223,310 to €302,958
- Staff costs +€43,527
up €43,527 (+25.2%), from €172,689 to €216,216
- Taxes +€21,668
up €21,668 (+1,036%), from €2,091 to €23,759
- Other operating charges -€21,418
down €21,418 (-88.6%), from €24,186 to €2,768
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €338,786 | €378,316 | +€39,529 | +11.7% |
| Fixed assets | 21/28 | €21,677 | €42,915 | +€21,238 | +98.0% |
| Tangible fixed assets | 22/27 | €21,677 | €29,415 | +€7,738 | +35.7% |
| Plant, machinery and equipment | 23 | €7,606 | €17,501 | +€9,896 | +130% |
| Furniture and vehicles | 24 | €14,071 | €11,913 | -€2,157 | -15.3% |
| Financial fixed assets | 28 | - | €13,500 | +€13,500 | |
| Current assets | 29/58 | €317,110 | €335,401 | +€18,291 | +5.8% |
| Stocks and contracts in progress | 3 | €3,605 | - | -€3,605 | |
| Stocks | 30/36 | €3,605 | - | -€3,605 | |
| Amounts receivable within one year | 40/41 | €142,057 | €156,366 | +€14,309 | +10.1% |
| Trade receivables | 40 | €112,887 | €122,920 | +€10,033 | +8.9% |
| Other amounts receivable | 41 | €29,170 | €33,446 | +€4,276 | +14.7% |
| Cash at bank and in hand | 54/58 | €168,662 | €177,227 | +€8,565 | +5.1% |
| Deferred charges and accrued income | 490/1 | €2,786 | €1,808 | -€978 | -35.1% |
| Total equity and liabilities | 10/49 | €338,786 | €378,316 | +€39,529 | +11.7% |
| Equity | 10/15 | €251,021 | €297,152 | +€46,132 | +18.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | - | -€18,592 | |
| Other | 1109/19 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €49,220 | €49,220 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,361 | €17,361 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €183,209 | €229,340 | +€46,132 | +25.2% |
| Amounts payable | 17/49 | €87,766 | €81,163 | -€6,603 | -7.5% |
| Amounts payable after more than one year | 17 | €3,816 | €3,816 | = | 0.0% |
| Financial debts | 170/4 | €3,816 | €3,816 | = | 0.0% |
| Amounts payable within one year | 42/48 | €83,950 | €77,347 | -€6,603 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €5,997 | €364 | -€5,634 | -93.9% |
| Financial debts | 43 | - | €1,715 | +€1,715 | |
| Credit institutions | 430/8 | - | €1,715 | +€1,715 | |
| Trade debts | 44 | €20,047 | €9,212 | -€10,835 | -54.0% |
| Suppliers | 440/4 | €20,047 | €9,212 | -€10,835 | -54.0% |
| Taxes, remuneration and social security | 45 | €22,128 | €66,056 | +€43,928 | +199% |
| Taxes | 450/3 | €11,025 | €35,281 | +€24,256 | +220% |
| Remuneration and social security | 454/9 | €11,103 | €30,775 | +€19,672 | +177% |
| Other amounts payable | 47/48 | €35,778 | - | -€35,778 | |
| Remuneration, social security and pensions | 62 | €172,689 | €216,216 | +€43,527 | +25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,435 | €12,856 | +€1,421 | +12.4% |
| Other operating charges | 640/8 | €24,186 | €2,768 | -€21,418 | -88.6% |
| Non-recurring operating charges | 66A | €255 | - | -€255 | |
| Gross operating margin | 9900 | €223,310 | €302,958 | +€79,647 | +35.7% |
| Operating profit (loss) | 9901 | €14,745 | €71,118 | +€56,372 | +382% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €1,934 | €1,227 | -€707 | -36.6% |
| Recurring financial charges | 65 | €1,934 | €1,227 | -€707 | -36.6% |
| Profit (loss) for the period before taxes | 9903 | €12,814 | €69,891 | +€57,077 | +445% |
| Income taxes | 67/77 | €2,091 | €23,759 | +€21,668 | +1,036% |
| Profit (loss) for the period | 9904 | €10,723 | €46,132 | +€35,409 | +330% |
| Profit (loss) for the period to be appropriated | 9905 | €10,723 | €46,132 | +€35,409 | +330% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.