PROGECIMMO: 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.
PROGECIMMO
Largest movements
- Tangible fixed assets -€16,846
down €16,846 (-5.7%), from €297,254 to €280,408
of which Land and buildings: -€13,149
- Receivables within one year -€8,317
down €8,317 (-35.2%), from €23,659 to €15,342
- Cash +€4,537
up €4,537 (+366.5%), from €1,238 to €5,774
mainly Depreciation (+€19,250) and Short-term financial debts (+€15,000)
- Short-term financial debts +€15,000
up €15,000 (+250.0%), from €6,000 to €21,000
- Current portion of long-term debt -€14,566
down €14,566 (-51.5%), from €28,308 to €13,742
- Debts after one year -€13,742
down €13,742 (-19.0%), from €72,148 to €58,406
- Other debts +€9,902
up €9,902 (+8.9%), from €111,148 to €121,050
- Trade debts -€9,320
down €9,320 (-61.0%), from €15,281 to €5,961
- Gross operating margin -€14,497
down €14,497 (-33.4%), from €43,361 to €28,863
- Other operating charges +€5,465
up €5,465 (+717.7%), from €761 to €6,226
- Staff costs -€4,037
down €4,037, from €3,995 to -€42
- Financial charges -€2,414
down €2,414 (-26.4%), from €9,141 to €6,728
of which Financial charges: -€3,288
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 | €324,484 | €303,839 | -€20,645 | -6.4% |
| Fixed assets | 21/28 | €297,354 | €280,508 | -€16,846 | -5.7% |
| Tangible fixed assets | 22/27 | €297,254 | €280,408 | -€16,846 | -5.7% |
| Land and buildings | 22 | €291,024 | €277,875 | -€13,149 | -4.5% |
| Furniture and vehicles | 24 | €6,229 | €2,533 | -€3,696 | -59.3% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €27,130 | €23,331 | -€3,799 | -14.0% |
| Amounts receivable within one year | 40/41 | €23,659 | €15,342 | -€8,317 | -35.2% |
| Trade receivables | 40 | €23,659 | €15,342 | -€8,317 | -35.2% |
| Cash at bank and in hand | 54/58 | €1,238 | €5,774 | +€4,537 | +366.5% |
| Deferred charges and accrued income | 490/1 | €2,233 | €2,214 | -€19 | -0.8% |
| Total equity and liabilities | 10/49 | €324,484 | €303,839 | -€20,645 | -6.4% |
| Equity | 10/15 | €86,546 | €83,093 | -€3,453 | -4.0% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Contributions outside capital | 11 | €40,000 | €40,000 | = | 0.0% |
| Other | 1109/19 | €40,000 | €40,000 | = | 0.0% |
| Revaluation surpluses | 12 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €1,696 | €1,696 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,696 | €1,696 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,696 | €1,696 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,149 | -€18,602 | -€3,453 | -22.8% |
| Amounts payable | 17/49 | €237,937 | €220,745 | -€17,192 | -7.2% |
| Amounts payable after more than one year | 17 | €72,148 | €58,406 | -€13,742 | -19.0% |
| Financial debts | 170/4 | €72,148 | €58,406 | -€13,742 | -19.0% |
| Amounts payable within one year | 42/48 | €165,790 | €162,339 | -€3,450 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €28,308 | €13,742 | -€14,566 | -51.5% |
| Financial debts | 43 | €6,000 | €21,000 | +€15,000 | +250.0% |
| Credit institutions | 430/8 | €6,000 | €21,000 | +€15,000 | +250.0% |
| Trade debts | 44 | €15,281 | €5,961 | -€9,320 | -61.0% |
| Suppliers | 440/4 | €15,281 | €5,961 | -€9,320 | -61.0% |
| Taxes, remuneration and social security | 45 | €5,053 | €586 | -€4,467 | -88.4% |
| Taxes | 450/3 | €5,053 | €410 | -€4,643 | -91.9% |
| Remuneration and social security | 454/9 | - | €176 | +€176 | |
| Other amounts payable | 47/48 | €111,148 | €121,050 | +€9,902 | +8.9% |
| Remuneration, social security and pensions | 62 | €3,995 | -€42 | -€4,037 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,125 | €19,250 | +€125 | +0.7% |
| Other operating charges | 640/8 | €761 | €6,226 | +€5,465 | +717.7% |
| Gross operating margin | 9900 | €43,361 | €28,863 | -€14,497 | -33.4% |
| Operating profit (loss) | 9901 | €19,479 | €3,429 | -€16,050 | -82.4% |
| Financial charges | 65/66B | €9,141 | €6,728 | -€2,414 | -26.4% |
| Recurring financial charges | 65 | €9,141 | €5,853 | -€3,288 | -36.0% |
| Non-recurring financial charges | 66B | - | €874 | +€874 | |
| Profit (loss) for the period before taxes | 9903 | €10,338 | -€3,298 | -€13,636 | |
| Income taxes | 67/77 | €185 | €155 | -€30 | -16.3% |
| Profit (loss) for the period | 9904 | €10,153 | -€3,453 | -€13,606 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,153 | -€3,453 | -€13,606 |
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 9 October 2026 via checked.be.