PROGECKO: 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.
PROGECKO
Largest movements
- Cash -€302,263
down €302,263 (-77.1%), from €391,979 to €89,716
mainly Investment in fixed assets (net) (-€249,435) and Net result for the year (-€50,658)
- Financial fixed assets +€245,000
up €245,000 (+245000.0%), from €100 to €245,100
- Receivables within one year -€21,673
down €21,673 (-64.3%), from €33,710 to €12,037
- Tangible fixed assets -€6,712
down €6,712 (-15.0%), from €44,796 to €38,084
of which Furniture and vehicles: -€9,492
- Profit (loss) carried forward -€50,658
down €50,658, from €23,864 to -€26,794
- Tax, wage and social debts -€24,629
no longer reported in 2025 (was €24,629)
- Debts after one year -€11,158
down €11,158 (-25.1%), from €44,482 to €33,324
- Current portion of long-term debt -€5,124
no longer reported in 2025 (was €5,124)
- Gross operating margin -€46,843
down €46,843, from €3,132 to -€43,711
- Financial income -€6,838
down €6,838 (-58.5%), from €11,686 to €4,848
- Staff costs -€2,520
no longer reported in 2025 (was €2,520)
- Financial charges -€2,089
down €2,089 (-93.4%), from €2,236 to €147
- Depreciation +€1,622
up €1,622 (+17.0%), from €9,525 to €11,147
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 | €475,327 | €385,374 | -€89,952 | -18.9% |
| Fixed assets | 21/28 | €44,896 | €283,184 | +€238,288 | +530.8% |
| Tangible fixed assets | 22/27 | €44,796 | €38,084 | -€6,712 | -15.0% |
| Furniture and vehicles | 24 | €42,951 | €33,459 | -€9,492 | -22.1% |
| Other tangible fixed assets | 26 | €1,845 | €4,626 | +€2,780 | +150.7% |
| Financial fixed assets | 28 | €100 | €245,100 | +€245,000 | +245000.0% |
| Current assets | 29/58 | €430,431 | €102,190 | -€328,240 | -76.3% |
| Amounts receivable after more than one year | 29 | - | €409 | +€409 | |
| Other amounts receivable | 291 | - | €409 | +€409 | |
| Amounts receivable within one year | 40/41 | €33,710 | €12,037 | -€21,673 | -64.3% |
| Other amounts receivable | 41 | €33,710 | €12,037 | -€21,673 | -64.3% |
| Cash at bank and in hand | 54/58 | €391,979 | €89,716 | -€302,263 | -77.1% |
| Deferred charges and accrued income | 490/1 | €4,742 | €28 | -€4,714 | -99.4% |
| Total equity and liabilities | 10/49 | €475,327 | €385,374 | -€89,952 | -18.9% |
| Equity | 10/15 | €394,990 | €344,332 | -€50,658 | -12.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €366,126 | €366,126 | = | 0.0% |
| Distributable reserves | 133 | €366,126 | €366,126 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,864 | -€26,794 | -€50,658 | |
| Amounts payable | 17/49 | €80,337 | €41,043 | -€39,294 | -48.9% |
| Amounts payable after more than one year | 17 | €44,482 | €33,324 | -€11,158 | -25.1% |
| Financial debts | 170/4 | €44,482 | €33,324 | -€11,158 | -25.1% |
| Amounts payable within one year | 42/48 | €35,855 | €7,319 | -€28,536 | -79.6% |
| Current portion of amounts payable after more than one year | 42 | €5,124 | - | -€5,124 | |
| Trade debts | 44 | €6,102 | €5,961 | -€141 | -2.3% |
| Suppliers | 440/4 | €6,102 | €5,961 | -€141 | -2.3% |
| Advances received on contracts in progress | 46 | - | €1,358 | +€1,358 | |
| Taxes, remuneration and social security | 45 | €24,629 | - | -€24,629 | |
| Taxes | 450/3 | €24,629 | - | -€24,629 | |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Remuneration, social security and pensions | 62 | €2,520 | - | -€2,520 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,525 | €11,147 | +€1,622 | +17.0% |
| Other operating charges | 640/8 | €547 | €501 | -€46 | -8.4% |
| Non-recurring operating charges | 66A | €261 | - | -€261 | |
| Gross operating margin | 9900 | €3,132 | -€43,711 | -€46,843 | |
| Operating profit (loss) | 9901 | -€9,720 | -€55,359 | -€45,639 | -469.5% |
| Financial income | 75/76B | €11,686 | €4,848 | -€6,838 | -58.5% |
| Recurring financial income | 75 | €11,686 | €4,848 | -€6,838 | -58.5% |
| Financial charges | 65/66B | €2,236 | €147 | -€2,089 | -93.4% |
| Recurring financial charges | 65 | €2,236 | €147 | -€2,089 | -93.4% |
| Profit (loss) for the period before taxes | 9903 | -€270 | -€50,658 | -€50,388 | -18671.9% |
| Profit (loss) for the period | 9904 | -€270 | -€50,658 | -€50,388 | -18671.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€270 | -€50,658 | -€50,388 | -18671.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.