Progem Consulting: 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.
Progem Consulting
Largest movements
- Cash +€142,050
up €142,050 (+78.3%), from €181,311 to €323,361
mainly Net result for the year (+€138,317) and Current investments (+€63,965)
- Current investments -€63,965
down €63,965 (-15.1%), from €424,899 to €360,934
- Receivables within one year +€19,631
up €19,631 (+126%), from €15,534 to €35,165
of which Trade receivables: +€21,598
- Reserves +€75,800
up €75,800 (+12.8%), from €591,112 to €666,912
of which Distributable reserves: +€75,800
- Other debts +€20,000
new in 2025: €20,000
- Tax, wage and social debts +€7,962
up €7,962 (+177%), from €4,490 to €12,452
- Gross operating margin +€63,312
up €63,312 (+53.2%), from €118,938 to €182,250
- Taxes +€15,518
up €15,518 (+42.8%), from €36,287 to €51,805
- Financial income +€6,083
up €6,083 (+89.8%), from €6,776 to €12,859
- Depreciation +€2,078
up €2,078 (+83.7%), from €2,484 to €4,562
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 | €667,218 | €770,312 | +€103,094 | +15.5% |
| Fixed assets | 21/28 | €3,852 | €9,309 | +€5,457 | +142% |
| Tangible fixed assets | 22/27 | €3,852 | €9,309 | +€5,457 | +142% |
| Furniture and vehicles | 24 | €3,852 | €9,309 | +€5,457 | +142% |
| Current assets | 29/58 | €663,366 | €761,003 | +€97,637 | +14.7% |
| Amounts receivable after more than one year | 29 | €40,000 | €40,000 | = | 0.0% |
| Other amounts receivable | 291 | €40,000 | €40,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €15,534 | €35,165 | +€19,631 | +126% |
| Trade receivables | 40 | - | €21,598 | +€21,598 | |
| Other amounts receivable | 41 | €15,534 | €13,567 | -€1,967 | -12.7% |
| Current investments | 50/53 | €424,899 | €360,934 | -€63,965 | -15.1% |
| Cash at bank and in hand | 54/58 | €181,311 | €323,361 | +€142,050 | +78.3% |
| Deferred charges and accrued income | 490/1 | €1,622 | €1,543 | -€79 | -4.9% |
| Total equity and liabilities | 10/49 | €667,218 | €770,312 | +€103,094 | +15.5% |
| Equity | 10/15 | €651,172 | €726,989 | +€75,817 | +11.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €591,112 | €666,912 | +€75,800 | +12.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €52 | €52 | = | 0.0% |
| Distributable reserves | 133 | €589,200 | €665,000 | +€75,800 | +12.9% |
| Profit (loss) carried forward | 14 | €53,860 | €53,877 | +€17 | 0.0% |
| Amounts payable | 17/49 | €16,046 | €43,323 | +€27,277 | +170% |
| Amounts payable within one year | 42/48 | €5,730 | €33,092 | +€27,362 | +478% |
| Trade debts | 44 | €1,240 | €640 | -€600 | -48.4% |
| Suppliers | 440/4 | €1,240 | €640 | -€600 | -48.4% |
| Taxes, remuneration and social security | 45 | €4,490 | €12,452 | +€7,962 | +177% |
| Taxes | 450/3 | €4,490 | €12,452 | +€7,962 | +177% |
| Other amounts payable | 47/48 | - | €20,000 | +€20,000 | |
| Accrued charges and deferred income | 492/3 | €10,316 | €10,231 | -€85 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,484 | €4,562 | +€2,078 | +83.7% |
| Other operating charges | 640/8 | €471 | €247 | -€224 | -47.6% |
| Gross operating margin | 9900 | €118,938 | €182,250 | +€63,312 | +53.2% |
| Operating profit (loss) | 9901 | €115,983 | €177,441 | +€61,458 | +53.0% |
| Financial income | 75/76B | €6,776 | €12,859 | +€6,083 | +89.8% |
| Recurring financial income | 75 | €6,776 | €12,859 | +€6,083 | +89.8% |
| Financial charges | 65/66B | €158 | €178 | +€20 | +12.7% |
| Recurring financial charges | 65 | €158 | €178 | +€20 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | €122,601 | €190,122 | +€67,521 | +55.1% |
| Income taxes | 67/77 | €36,287 | €51,805 | +€15,518 | +42.8% |
| Profit (loss) for the period | 9904 | €86,314 | €138,317 | +€52,003 | +60.2% |
| Profit (loss) for the period to be appropriated | 9905 | €86,314 | €138,317 | +€52,003 | +60.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.