Progeny (Belgium): 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.
Progeny (Belgium)
Largest movements
- Receivables within one year -€85,260
down €85,260 (-33.5%), from €254,790 to €169,530
of which Other amounts receivable: -€73,806
- Cash +€20,845
up €20,845 (+59.9%), from €34,777 to €55,622
mainly Other debts (+€113,148) and Receivables within one year (+€85,260)
- Profit (loss) carried forward -€160,045
new in 2025: -€160,045
- Other debts +€113,148
up €113,148 (+681%), from €16,624 to €129,772
- Tax, wage and social debts -€32,907
down €32,907 (-26.4%), from €124,624 to €91,717
of which Taxes: -€19,018
- Trade debts +€15,876
up €15,876 (+17.6%), from €89,968 to €105,844
- Staff costs +€162,628
up €162,628 (+41.8%), from €388,625 to €551,253
- Gross operating margin -€15,893
down €15,893 (-3.6%), from €442,418 to €426,525
- Taxes -€10,594
no longer reported in 2025 (was €10,594)
- Financial charges +€9,945
up €9,945 (+282%), from €3,528 to €13,473
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 | €299,601 | €235,487 | -€64,114 | -21.4% |
| Fixed assets | 21/28 | €3,880 | €6,453 | +€2,573 | +66.3% |
| Tangible fixed assets | 22/27 | - | €2,573 | +€2,573 | |
| Plant, machinery and equipment | 23 | - | €2,573 | +€2,573 | |
| Financial fixed assets | 28 | €3,880 | €3,880 | = | 0.0% |
| Current assets | 29/58 | €295,721 | €229,034 | -€66,687 | -22.6% |
| Amounts receivable within one year | 40/41 | €254,790 | €169,530 | -€85,260 | -33.5% |
| Trade receivables | 40 | €180,776 | €169,323 | -€11,454 | -6.3% |
| Other amounts receivable | 41 | €74,014 | €208 | -€73,806 | -99.7% |
| Current investments | 50/53 | €598 | €600 | +€2 | +0.3% |
| Cash at bank and in hand | 54/58 | €34,777 | €55,622 | +€20,845 | +59.9% |
| Deferred charges and accrued income | 490/1 | €5,555 | €3,282 | -€2,273 | -40.9% |
| Total equity and liabilities | 10/49 | €299,601 | €235,487 | -€64,114 | -21.4% |
| Equity | 10/15 | €68,200 | -€91,845 | -€160,045 | |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€160,045 | -€160,045 | |
| Amounts payable | 17/49 | €231,401 | €327,332 | +€95,931 | +41.5% |
| Amounts payable within one year | 42/48 | €231,401 | €327,332 | +€95,931 | +41.5% |
| Trade debts | 44 | €89,968 | €105,844 | +€15,876 | +17.6% |
| Suppliers | 440/4 | €89,968 | €105,844 | +€15,876 | +17.6% |
| Advances received on contracts in progress | 46 | €185 | - | -€185 | |
| Taxes, remuneration and social security | 45 | €124,624 | €91,717 | -€32,907 | -26.4% |
| Taxes | 450/3 | €30,040 | €11,022 | -€19,018 | -63.3% |
| Remuneration and social security | 454/9 | €94,584 | €80,695 | -€13,889 | -14.7% |
| Other amounts payable | 47/48 | €16,624 | €129,772 | +€113,148 | +681% |
| Remuneration, social security and pensions | 62 | €388,625 | €551,253 | +€162,628 | +41.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114 | €1,031 | +€917 | +804% |
| Other operating charges | 640/8 | €24,442 | €21,055 | -€3,387 | -13.9% |
| Gross operating margin | 9900 | €442,418 | €426,525 | -€15,893 | -3.6% |
| Operating profit (loss) | 9901 | €29,237 | -€146,813 | -€176,050 | |
| Financial income | 75/76B | €886 | €241 | -€644 | -72.8% |
| Recurring financial income | 75 | €886 | €241 | -€644 | -72.8% |
| Financial charges | 65/66B | €3,528 | €13,473 | +€9,945 | +282% |
| Recurring financial charges | 65 | €3,528 | €13,473 | +€9,945 | +282% |
| Profit (loss) for the period before taxes | 9903 | €26,594 | -€160,045 | -€186,639 | |
| Income taxes | 67/77 | €10,594 | - | -€10,594 | |
| Profit (loss) for the period | 9904 | €16,000 | -€160,045 | -€176,045 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,000 | -€160,045 | -€176,045 |
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.