PROGENTIS: 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.
PROGENTIS
Largest movements
- Receivables within one year +€368,076
up €368,076 (+707%), from €52,082 to €420,158
of which Other amounts receivable: +€284,592
- Current investments +€165,377
up €165,377 (+13.4%), from €1.2m to €1.4m
- Deferred charges and accrued income +€72,474
up €72,474 (+21.7%), from €334,207 to €406,681
- Receivables after one year -€60,000
down €60,000 (-40.0%), from €150,000 to €90,000
- Cash +€42,904
up €42,904 (+64.6%), from €66,427 to €109,331
mainly Net result for the year (+€570,283) and Tax, wage and social debts (+€79,482)
- Reserves +€570,283
up €570,283 (+35.9%), from €1.6m to €2.2m
of which Distributable reserves: +€570,283
- Tax, wage and social debts +€79,482
up €79,482 (+91.9%), from €86,506 to €165,988
of which Taxes: +€58,409
- Gross operating margin +€631,893
up €631,893 (+81.8%), from €772,403 to €1.4m
- Staff costs +€149,264
up €149,264 (+48.7%), from €306,701 to €455,964
- Taxes +€142,808
up €142,808 (+107%), from €133,056 to €275,864
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 | €1,897,951 | €2,503,546 | +€605,595 | +31.9% |
| Fixed assets | 21/28 | €60,056 | €76,821 | +€16,764 | +27.9% |
| Intangible fixed assets | 21 | €9,698 | €34,611 | +€24,913 | +257% |
| Tangible fixed assets | 22/27 | €50,308 | €42,159 | -€8,149 | -16.2% |
| Plant, machinery and equipment | 23 | €10,075 | €8,365 | -€1,710 | -17.0% |
| Furniture and vehicles | 24 | €14,887 | €9,802 | -€5,085 | -34.2% |
| Other tangible fixed assets | 26 | €25,346 | €23,992 | -€1,354 | -5.3% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €1,837,894 | €2,426,725 | +€588,831 | +32.0% |
| Amounts receivable after more than one year | 29 | €150,000 | €90,000 | -€60,000 | -40.0% |
| Other amounts receivable | 291 | €150,000 | €90,000 | -€60,000 | -40.0% |
| Amounts receivable within one year | 40/41 | €52,082 | €420,158 | +€368,076 | +707% |
| Trade receivables | 40 | €52,082 | €135,567 | +€83,484 | +160% |
| Other amounts receivable | 41 | €0 | €284,592 | +€284,592 | |
| Current investments | 50/53 | €1,235,178 | €1,400,555 | +€165,377 | +13.4% |
| Cash at bank and in hand | 54/58 | €66,427 | €109,331 | +€42,904 | +64.6% |
| Deferred charges and accrued income | 490/1 | €334,207 | €406,681 | +€72,474 | +21.7% |
| Total equity and liabilities | 10/49 | €1,897,951 | €2,503,546 | +€605,595 | +31.9% |
| Equity | 10/15 | €1,662,961 | €2,233,245 | +€570,283 | +34.3% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €1,587,961 | €2,158,245 | +€570,283 | +35.9% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €1,580,461 | €2,150,745 | +€570,283 | +36.1% |
| Amounts payable | 17/49 | €234,989 | €270,301 | +€35,312 | +15.0% |
| Amounts payable within one year | 42/48 | €231,879 | €270,102 | +€38,224 | +16.5% |
| Trade debts | 44 | €122,914 | €104,114 | -€18,800 | -15.3% |
| Suppliers | 440/4 | €122,914 | €104,114 | -€18,800 | -15.3% |
| Taxes, remuneration and social security | 45 | €86,506 | €165,988 | +€79,482 | +91.9% |
| Taxes | 450/3 | €45,563 | €103,972 | +€58,409 | +128% |
| Remuneration and social security | 454/9 | €40,943 | €62,017 | +€21,073 | +51.5% |
| Other amounts payable | 47/48 | €22,458 | €0 | -€22,458 | -100% |
| Accrued charges and deferred income | 492/3 | €3,111 | €198 | -€2,912 | -93.6% |
| Remuneration, social security and pensions | 62 | €306,701 | €455,964 | +€149,264 | +48.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,427 | €16,439 | +€3,012 | +22.4% |
| Other operating charges | 640/8 | €77,040 | €88,573 | +€11,533 | +15.0% |
| Non-recurring operating charges | 66A | - | €61 | +€61 | |
| Gross operating margin | 9900 | €772,403 | €1,404,296 | +€631,893 | +81.8% |
| Operating profit (loss) | 9901 | €375,235 | €843,258 | +€468,023 | +125% |
| Financial income | 75/76B | €24,764 | €11,457 | -€13,307 | -53.7% |
| Recurring financial income | 75 | €24,764 | €11,457 | -€13,307 | -53.7% |
| Financial charges | 65/66B | €7,231 | €8,568 | +€1,338 | +18.5% |
| Recurring financial charges | 65 | €7,231 | €8,568 | +€1,338 | +18.5% |
| Profit (loss) for the period before taxes | 9903 | €392,769 | €846,147 | +€453,379 | +115% |
| Income taxes | 67/77 | €133,056 | €275,864 | +€142,808 | +107% |
| Profit (loss) for the period | 9904 | €259,712 | €570,283 | +€310,571 | +120% |
| Profit (loss) for the period to be appropriated | 9905 | €259,712 | €570,283 | +€310,571 | +120% |
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 31 October 2026 via checked.be.