PROGEFI: 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.
PROGEFI
Largest movements
- Tangible fixed assets -€2,002
down €2,002 (-62.0%), from €3,232 to €1,229
- Receivables within one year +€1,936
new in 2025: €1,936
- Cash -€896
down €896 (-91.5%), from €978 to €83
mainly Debts after one year (-€5,462) and Receivables within one year (-€1,936)
- Debts after one year -€5,462
down €5,462 (-9.0%), from €60,410 to €54,948
- Profit (loss) carried forward +€2,395
up €2,395 (+3.1%), from -€77,796 to -€75,401
- Tax, wage and social debts +€2,106
up €2,106 (+511.8%), from €411 to €2,517
- Gross operating margin +€1,979
up €1,979 (+80.1%), from €2,470 to €4,449
- Other operating charges -€972
no longer reported in 2025 (was €972)
- Depreciation -€820
down €820 (-29.1%), from €2,823 to €2,002
- Financial charges -€46
down €46 (-46.9%), from €99 to €52
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 | €4,533 | €3,571 | -€962 | -21.2% |
| Fixed assets | 21/28 | €3,555 | €1,553 | -€2,002 | -56.3% |
| Tangible fixed assets | 22/27 | €3,232 | €1,229 | -€2,002 | -62.0% |
| Furniture and vehicles | 24 | €3,232 | €1,229 | -€2,002 | -62.0% |
| Financial fixed assets | 28 | €323 | €323 | = | 0.0% |
| Current assets | 29/58 | €978 | €2,019 | +€1,040 | +106.4% |
| Amounts receivable within one year | 40/41 | - | €1,936 | +€1,936 | |
| Trade receivables | 40 | - | €1,936 | +€1,936 | |
| Cash at bank and in hand | 54/58 | €978 | €83 | -€896 | -91.5% |
| Total equity and liabilities | 10/49 | €4,533 | €3,571 | -€962 | -21.2% |
| Equity | 10/15 | -€57,739 | -€55,344 | +€2,395 | +4.1% |
| Contributions | 10/11 | €18,205 | €18,205 | = | 0.0% |
| Capital | 10 | €18,205 | €18,205 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €395 | €395 | = | 0.0% |
| Reserves | 13 | €1,852 | €1,852 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,852 | €1,852 | = | 0.0% |
| Legal reserve | 130 | €1,852 | €1,852 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€77,796 | -€75,401 | +€2,395 | +3.1% |
| Amounts payable | 17/49 | €62,272 | €58,915 | -€3,357 | -5.4% |
| Amounts payable after more than one year | 17 | €60,410 | €54,948 | -€5,462 | -9.0% |
| Other amounts payable | 178/9 | €60,410 | €54,948 | -€5,462 | -9.0% |
| Amounts payable within one year | 42/48 | €1,861 | €3,967 | +€2,106 | +113.1% |
| Trade debts | 44 | €1,450 | €1,450 | = | 0.0% |
| Suppliers | 440/4 | €1,450 | €1,450 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €411 | €2,517 | +€2,106 | +511.8% |
| Taxes | 450/3 | €411 | €2,517 | +€2,106 | +511.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,823 | €2,002 | -€820 | -29.1% |
| Other operating charges | 640/8 | €972 | - | -€972 | |
| Gross operating margin | 9900 | €2,470 | €4,449 | +€1,979 | +80.1% |
| Operating profit (loss) | 9901 | -€1,324 | €2,447 | +€3,771 | |
| Financial charges | 65/66B | €99 | €52 | -€46 | -46.9% |
| Recurring financial charges | 65 | €99 | €52 | -€46 | -46.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,423 | €2,395 | +€3,818 | |
| Profit (loss) for the period | 9904 | -€1,423 | €2,395 | +€3,818 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,423 | €2,395 | +€3,818 |
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 6 October 2026 via checked.be.