PROGEAF: 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.
PROGEAF
Largest movements
- Cash +€11,171
up €11,171 (+48.6%), from €23,006 to €34,177
mainly Net result for the year (+€24,257) and Other debts (+€23,928)
- Debts after one year -€35,712
down €35,712 (-21.1%), from €169,648 to €133,936
- Profit (loss) carried forward +€24,257
up €24,257 (+111.8%), from €21,691 to €45,948
- Other debts +€23,928
up €23,928 (+20.7%), from €115,622 to €139,550
- Taxes +€409
up €409 (+5.6%), from €7,327 to €7,735
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 | €340,432 | €353,520 | +€13,088 | +3.8% |
| Fixed assets | 21/28 | €301,000 | €301,719 | +€718 | +0.2% |
| Tangible fixed assets | 22/27 | €1,000 | €1,719 | +€718 | +71.8% |
| Plant, machinery and equipment | 23 | €1,000 | €537 | -€463 | -46.3% |
| Furniture and vehicles | 24 | - | €1,182 | +€1,182 | |
| Financial fixed assets | 28 | €300,000 | €300,000 | = | 0.0% |
| Current assets | 29/58 | €39,432 | €51,801 | +€12,369 | +31.4% |
| Amounts receivable within one year | 40/41 | €13,983 | €14,704 | +€721 | +5.2% |
| Trade receivables | 40 | €13,310 | €13,310 | = | 0.0% |
| Other amounts receivable | 41 | €673 | €1,394 | +€721 | +107.0% |
| Cash at bank and in hand | 54/58 | €23,006 | €34,177 | +€11,171 | +48.6% |
| Deferred charges and accrued income | 490/1 | €2,442 | €2,920 | +€478 | +19.6% |
| Total equity and liabilities | 10/49 | €340,432 | €353,520 | +€13,088 | +3.8% |
| Equity | 10/15 | €40,291 | €64,548 | +€24,257 | +60.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,691 | €45,948 | +€24,257 | +111.8% |
| Amounts payable | 17/49 | €300,141 | €288,972 | -€11,169 | -3.7% |
| Amounts payable after more than one year | 17 | €169,648 | €133,936 | -€35,712 | -21.1% |
| Financial debts | 170/4 | €169,648 | €133,936 | -€35,712 | -21.1% |
| Amounts payable within one year | 42/48 | €130,493 | €153,042 | +€22,549 | +17.3% |
| Financial debts | 43 | €2,701 | €2,692 | -€9 | -0.3% |
| Credit institutions | 430/8 | €2,701 | €2,692 | -€9 | -0.3% |
| Trade debts | 44 | €3,878 | €2,569 | -€1,309 | -33.8% |
| Suppliers | 440/4 | €3,878 | €2,569 | -€1,309 | -33.8% |
| Taxes, remuneration and social security | 45 | €8,292 | €8,231 | -€61 | -0.7% |
| Taxes | 450/3 | €8,292 | €8,231 | -€61 | -0.7% |
| Other amounts payable | 47/48 | €115,622 | €139,550 | +€23,928 | +20.7% |
| Accrued charges and deferred income | 492/3 | €0 | €1,994 | +€1,994 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €390 | €644 | +€254 | +65.1% |
| Other operating charges | 640/8 | €393 | €366 | -€27 | -6.9% |
| Gross operating margin | 9900 | €33,039 | €33,339 | +€301 | +0.9% |
| Operating profit (loss) | 9901 | €32,256 | €32,330 | +€74 | +0.2% |
| Financial income | 75/76B | €151 | €1 | -€150 | -99.4% |
| Recurring financial income | 75 | €151 | €1 | -€150 | -99.4% |
| Financial charges | 65/66B | €452 | €339 | -€114 | -25.1% |
| Recurring financial charges | 65 | €452 | €339 | -€114 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | €31,955 | €31,992 | +€38 | +0.1% |
| Income taxes | 67/77 | €7,327 | €7,735 | +€409 | +5.6% |
| Profit (loss) for the period | 9904 | €24,628 | €24,257 | -€371 | -1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,628 | €24,257 | -€371 | -1.5% |
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 11 October 2026 via checked.be.