PROGEKO: 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.
PROGEKO
Largest movements
- Cash +€208,041
up €208,041 (+639%), from €32,544 to €240,585
mainly Current investments (+€150,000) and Net result for the year (+€59,685)
- Current investments -€150,000
no longer reported in 2025 (was €150,000)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€99,205
up €99,205, from -€19,670 to €79,535
- Taxes +€6,941
up €6,941 (+4,522%), from €154 to €7,095
- Financial income +€2,729
new in 2025: €2,729
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.
Derived cash bridge
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 | €8,084,498 | €8,118,894 | +€34,396 | +0.4% |
| Fixed assets | 21/28 | €7,830,148 | €7,838,781 | +€8,633 | +0.1% |
| Tangible fixed assets | 22/27 | €30,148 | €38,781 | +€8,633 | +28.6% |
| Furniture and vehicles | 24 | €30,148 | €38,781 | +€8,633 | +28.6% |
| Financial fixed assets | 28 | €7,800,000 | €7,800,000 | = | 0.0% |
| Current assets | 29/58 | €254,351 | €280,113 | +€25,763 | +10.1% |
| Amounts receivable within one year | 40/41 | €71,122 | €35,380 | -€35,742 | -50.3% |
| Trade receivables | 40 | €71,122 | €32,471 | -€38,651 | -54.3% |
| Other amounts receivable | 41 | - | €2,909 | +€2,909 | |
| Current investments | 50/53 | €150,000 | - | -€150,000 | |
| Cash at bank and in hand | 54/58 | €32,544 | €240,585 | +€208,041 | +639% |
| Deferred charges and accrued income | 490/1 | €684 | €4,148 | +€3,464 | +507% |
| Total equity and liabilities | 10/49 | €8,084,498 | €8,118,894 | +€34,396 | +0.4% |
| Equity | 10/15 | €8,038,969 | €8,098,654 | +€59,685 | +0.7% |
| Contributions | 10/11 | €7,855,300 | €7,855,300 | = | 0.0% |
| Capital | 10 | €7,855,300 | €7,855,300 | = | 0.0% |
| Issued capital | 100 | €7,861,500 | €7,861,500 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €181,809 | €241,494 | +€59,685 | +32.8% |
| Amounts payable | 17/49 | €45,529 | €20,240 | -€25,290 | -55.5% |
| Amounts payable after more than one year | 17 | €14,739 | €2,117 | -€12,622 | -85.6% |
| Financial debts | 170/4 | €14,739 | €2,117 | -€12,622 | -85.6% |
| Amounts payable within one year | 42/48 | €30,790 | €18,123 | -€12,667 | -41.1% |
| Current portion of amounts payable after more than one year | 42 | €12,489 | €12,622 | +€134 | +1.1% |
| Trade debts | 44 | €3,352 | €25 | -€3,326 | -99.2% |
| Suppliers | 440/4 | €3,352 | €25 | -€3,326 | -99.2% |
| Taxes, remuneration and social security | 45 | €14,804 | €4,716 | -€10,088 | -68.1% |
| Taxes | 450/3 | €14,804 | €4,716 | -€10,088 | -68.1% |
| Other amounts payable | 47/48 | €146 | €759 | +€613 | +419% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,885 | €14,097 | +€212 | +1.5% |
| Other operating charges | 640/8 | €514 | €668 | +€154 | +30.0% |
| Gross operating margin | 9900 | -€19,670 | €79,535 | +€99,205 | |
| Operating profit (loss) | 9901 | -€34,069 | €64,770 | +€98,840 | |
| Financial income | 75/76B | - | €2,729 | +€2,729 | |
| Recurring financial income | 75 | - | €2,729 | +€2,729 | |
| Financial charges | 65/66B | €1,163 | €720 | -€443 | -38.1% |
| Recurring financial charges | 65 | €1,163 | €720 | -€443 | -38.1% |
| Profit (loss) for the period before taxes | 9903 | -€35,232 | €66,780 | +€102,012 | |
| Income taxes | 67/77 | €154 | €7,095 | +€6,941 | +4,522% |
| Profit (loss) for the period | 9904 | -€35,385 | €59,685 | +€95,070 | |
| Profit (loss) for the period to be appropriated | 9905 | -€35,385 | €59,685 | +€95,070 |
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 13 October 2026 via checked.be.