PROGENET: 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.
PROGENET
Largest movements
- Current investments +€10,000
new in 2025: €10,000
- Receivables within one year +€8,502
up €8,502 (+8.2%), from €103,521 to €112,023
of which Trade receivables: +€6,700
- Cash -€5,775
down €5,775 (-17.2%), from €33,545 to €27,770
mainly Current investments (-€10,000) and Receivables within one year (-€8,502)
- Reserves +€13,436
up €13,436 (+12.3%), from €109,493 to €122,929
of which Distributable reserves: +€13,435
- Trade debts +€6,227
up €6,227 (+31.2%), from €19,979 to €26,206
- Tax, wage and social debts -€6,073
down €6,073 (-78.6%), from €7,725 to €1,652
of which Taxes: -€4,205
- Other debts -€2,759
no longer reported in 2025 (was €2,759)
- Gross operating margin +€11,446
up €11,446 (+146.5%), from €7,815 to €19,261
- Taxes +€3,056
up €3,056 (+115.4%), from €2,649 to €5,705
- Financial income -€679
down €679 (-17.7%), from €3,831 to €3,152
- Depreciation -€548
down €548 (-20.7%), from €2,642 to €2,094
- Financial charges -€193
down €193 (-23.9%), from €808 to €615
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 | €164,612 | €175,443 | +€10,831 | +6.6% |
| Fixed assets | 21/28 | €3,565 | €2,650 | -€915 | -25.7% |
| Tangible fixed assets | 22/27 | €2,225 | €1,310 | -€915 | -41.1% |
| Furniture and vehicles | 24 | €2,225 | €1,310 | -€915 | -41.1% |
| Financial fixed assets | 28 | €1,340 | €1,340 | = | 0.0% |
| Current assets | 29/58 | €161,047 | €172,793 | +€11,746 | +7.3% |
| Amounts receivable after more than one year | 29 | €23,000 | €23,000 | = | 0.0% |
| Other amounts receivable | 291 | €23,000 | €23,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €103,521 | €112,023 | +€8,502 | +8.2% |
| Trade receivables | 40 | €56,770 | €63,470 | +€6,700 | +11.8% |
| Other amounts receivable | 41 | €46,751 | €48,553 | +€1,802 | +3.9% |
| Current investments | 50/53 | - | €10,000 | +€10,000 | |
| Cash at bank and in hand | 54/58 | €33,545 | €27,770 | -€5,775 | -17.2% |
| Deferred charges and accrued income | 490/1 | €981 | - | -€981 | |
| Total equity and liabilities | 10/49 | €164,612 | €175,443 | +€10,831 | +6.6% |
| Equity | 10/15 | €134,149 | €147,585 | +€13,436 | +10.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €109,493 | €122,929 | +€13,436 | +12.3% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,213 | €18,214 | +€1 | 0.0% |
| Distributable reserves | 133 | €89,421 | €102,856 | +€13,435 | +15.0% |
| Profit (loss) carried forward | 14 | €6,064 | €6,064 | = | 0.0% |
| Amounts payable | 17/49 | €30,463 | €27,858 | -€2,605 | -8.6% |
| Amounts payable within one year | 42/48 | €30,463 | €27,858 | -€2,605 | -8.6% |
| Trade debts | 44 | €19,979 | €26,206 | +€6,227 | +31.2% |
| Suppliers | 440/4 | €19,979 | €26,206 | +€6,227 | +31.2% |
| Taxes, remuneration and social security | 45 | €7,725 | €1,652 | -€6,073 | -78.6% |
| Taxes | 450/3 | €4,257 | €52 | -€4,205 | -98.8% |
| Remuneration and social security | 454/9 | €3,468 | €1,600 | -€1,868 | -53.9% |
| Other amounts payable | 47/48 | €2,759 | - | -€2,759 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,642 | €2,094 | -€548 | -20.7% |
| Other operating charges | 640/8 | €696 | €563 | -€133 | -19.1% |
| Gross operating margin | 9900 | €7,815 | €19,261 | +€11,446 | +146.5% |
| Operating profit (loss) | 9901 | €4,477 | €16,604 | +€12,127 | +270.9% |
| Financial income | 75/76B | €3,831 | €3,152 | -€679 | -17.7% |
| Recurring financial income | 75 | €3,831 | €3,152 | -€679 | -17.7% |
| Financial charges | 65/66B | €808 | €615 | -€193 | -23.9% |
| Recurring financial charges | 65 | €808 | €615 | -€193 | -23.9% |
| Profit (loss) for the period before taxes | 9903 | €7,500 | €19,141 | +€11,641 | +155.2% |
| Income taxes | 67/77 | €2,649 | €5,705 | +€3,056 | +115.4% |
| Profit (loss) for the period | 9904 | €4,851 | €13,436 | +€8,585 | +177.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,851 | €13,436 | +€8,585 | +177.0% |
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 3 October 2026 via checked.be.