PROGESCO: what changed
PROGESCO
Largest movements
- Receivables within one year +€80,533
up €80,533 (+168%), from €47,951 to €128,483
of which Other amounts receivable: +€70,416
- Deferred charges and accrued income +€31,202
up €31,202 (+847%), from €3,684 to €34,887
- Tangible fixed assets -€27,097
down €27,097 (-57.1%), from €47,440 to €20,343
of which Furniture and vehicles: -€25,455
- Current investments +€15,424
up €15,424 (+5.9%), from €260,123 to €275,547
- Cash -€7,075
down €7,075 (-8.3%), from €85,053 to €77,978
mainly Receivables within one year (-€80,533) and Contributions, distributions and other (-€77,455)
- Other debts +€41,208
up €41,208 (+114%), from €36,248 to €77,455
- Tax, wage and social debts +€34,443
up €34,443 (+268%), from €12,834 to €47,277
- Trade debts +€6,538
up €6,538 (+27.2%), from €23,993 to €30,530
- Reserves +€5,692
up €5,692 (+1.5%), from €375,139 to €380,831
- Gross operating margin +€50,041
up €50,041 (+41.9%), from €119,557 to €169,599
- Taxes +€28,484
up €28,484 (+92.9%), from €30,646 to €59,131
- Depreciation -€20,862
down €20,862 (-48.9%), from €42,624 to €21,762
- Other operating charges +€10,350
up €10,350 (+406%), from €2,548 to €12,898
- Financial income +€7,697
up €7,697 (+139%), from €5,518 to €13,214
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €449,251 | €542,238 | +€92,987 | +20.7% |
| Fixed assets | 21/28 | €52,440 | €25,343 | -€27,097 | -51.7% |
| Tangible fixed assets | 22/27 | €47,440 | €20,343 | -€27,097 | -57.1% |
| Furniture and vehicles | 24 | €37,763 | €12,308 | -€25,455 | -67.4% |
| Other tangible fixed assets | 26 | €9,677 | €8,035 | -€1,642 | -17.0% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €396,811 | €516,895 | +€120,084 | +30.3% |
| Amounts receivable within one year | 40/41 | €47,951 | €128,483 | +€80,533 | +168% |
| Trade receivables | 40 | €40,143 | €50,259 | +€10,116 | +25.2% |
| Other amounts receivable | 41 | €7,808 | €78,225 | +€70,416 | +902% |
| Current investments | 50/53 | €260,123 | €275,547 | +€15,424 | +5.9% |
| Cash at bank and in hand | 54/58 | €85,053 | €77,978 | -€7,075 | -8.3% |
| Deferred charges and accrued income | 490/1 | €3,684 | €34,887 | +€31,202 | +847% |
| Total equity and liabilities | 10/49 | €449,251 | €542,238 | +€92,987 | +20.7% |
| Equity | 10/15 | €375,139 | €380,831 | +€5,692 | +1.5% |
| Reserves | 13 | €375,139 | €380,831 | +€5,692 | +1.5% |
| Distributable reserves | 133 | €375,139 | €380,831 | +€5,692 | +1.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €74,112 | €161,408 | +€87,296 | +118% |
| Amounts payable within one year | 42/48 | €73,074 | €160,321 | +€87,247 | +119% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | - | €5,059 | +€5,059 | |
| Credit institutions | 430/8 | - | €5,059 | +€5,059 | |
| Trade debts | 44 | €23,993 | €30,530 | +€6,538 | +27.2% |
| Suppliers | 440/4 | €23,993 | €30,530 | +€6,538 | +27.2% |
| Taxes, remuneration and social security | 45 | €12,834 | €47,277 | +€34,443 | +268% |
| Taxes | 450/3 | €12,834 | €47,277 | +€34,443 | +268% |
| Other amounts payable | 47/48 | €36,248 | €77,455 | +€41,208 | +114% |
| Accrued charges and deferred income | 492/3 | €1,038 | €1,087 | +€49 | +4.7% |
| Remuneration, social security and pensions | 62 | €163 | €170 | +€7 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,624 | €21,762 | -€20,862 | -48.9% |
| Other operating charges | 640/8 | €2,548 | €12,898 | +€10,350 | +406% |
| Gross operating margin | 9900 | €119,557 | €169,599 | +€50,041 | +41.9% |
| Operating profit (loss) | 9901 | €74,222 | €134,768 | +€60,546 | +81.6% |
| Financial income | 75/76B | €5,518 | €13,214 | +€7,697 | +139% |
| Recurring financial income | 75 | €5,518 | €13,214 | +€7,697 | +139% |
| Financial charges | 65/66B | €1,576 | €5,705 | +€4,129 | +262% |
| Recurring financial charges | 65 | €1,576 | €5,705 | +€4,129 | +262% |
| Profit (loss) for the period before taxes | 9903 | €78,163 | €142,278 | +€64,114 | +82.0% |
| Income taxes | 67/77 | €30,646 | €59,131 | +€28,484 | +92.9% |
| Profit (loss) for the period | 9904 | €47,517 | €83,147 | +€35,630 | +75.0% |
| Profit (loss) for the period to be appropriated | 9905 | €47,517 | €83,147 | +€35,630 | +75.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.