PROGESIMA: 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.
PROGESIMA
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts +€74,245
up €74,245 (+5.9%), from €1.3m to €1.3m
- Reserves -€56,556
down €56,556 (-8.8%), from €640,200 to €583,643
of which Tax-exempt reserves: -€56,556
- Financial charges -€10,421
down €10,421 (-25.8%), from €40,428 to €30,006
- Gross operating margin -€7,130
down €7,130 (-8.8%), from €81,130 to €74,000
- Depreciation +€4,340
up €4,340 (+5.8%), from €74,638 to €78,978
- Other operating charges +€4,024
up €4,024 (+29.5%), from €13,636 to €17,660
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 | €3,101,194 | €3,105,613 | +€4,419 | +0.1% |
| Fixed assets | 21/28 | €3,074,946 | €3,072,606 | -€2,340 | -0.1% |
| Tangible fixed assets | 22/27 | €2,998,784 | €2,996,444 | -€2,340 | -0.1% |
| Land and buildings | 22 | €2,984,487 | €2,977,685 | -€6,802 | -0.2% |
| Plant, machinery and equipment | 23 | €2,631 | €13,208 | +€10,577 | +402.0% |
| Furniture and vehicles | 24 | €11,666 | €5,551 | -€6,115 | -52.4% |
| Financial fixed assets | 28 | €76,162 | €76,162 | = | 0.0% |
| Current assets | 29/58 | €26,248 | €33,007 | +€6,759 | +25.7% |
| Amounts receivable within one year | 40/41 | €22,194 | €13,961 | -€8,233 | -37.1% |
| Trade receivables | 40 | €18,969 | €10,709 | -€8,260 | -43.5% |
| Other amounts receivable | 41 | €3,225 | €3,252 | +€27 | +0.8% |
| Cash at bank and in hand | 54/58 | €8 | €13,273 | +€13,265 | +174087.1% |
| Deferred charges and accrued income | 490/1 | €4,047 | €5,773 | +€1,726 | +42.6% |
| Total equity and liabilities | 10/49 | €3,101,194 | €3,105,613 | +€4,419 | +0.1% |
| Equity | 10/15 | €1,051,701 | €1,015,403 | -€36,298 | -3.5% |
| Contributions | 10/11 | €464,537 | €464,537 | = | 0.0% |
| Reserves | 13 | €640,200 | €583,643 | -€56,556 | -8.8% |
| Tax-exempt reserves | 132 | €634,746 | €578,190 | -€56,556 | -8.9% |
| Distributable reserves | 133 | €5,454 | €5,454 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,252 | -€33,899 | +€20,353 | +37.5% |
| Investment grants | 15 | €1,217 | €1,122 | -€95 | -7.8% |
| Provisions and deferred taxes | 16 | €203,722 | €187,469 | -€16,253 | -8.0% |
| Deferred taxes | 168 | €203,722 | €187,469 | -€16,253 | -8.0% |
| Amounts payable | 17/49 | €1,845,771 | €1,902,741 | +€56,970 | +3.1% |
| Amounts payable after more than one year | 17 | €570 | €570 | = | 0.0% |
| Other amounts payable | 178/9 | €570 | €570 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,845,201 | €1,902,171 | +€56,970 | +3.1% |
| Financial debts | 43 | €565,351 | €561,578 | -€3,773 | -0.7% |
| Credit institutions | 430/8 | €565,351 | €561,578 | -€3,773 | -0.7% |
| Trade debts | 44 | €15,655 | €2,153 | -€13,502 | -86.3% |
| Suppliers | 440/4 | €15,655 | €2,153 | -€13,502 | -86.3% |
| Other amounts payable | 47/48 | €1,264,195 | €1,338,440 | +€74,245 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,638 | €78,978 | +€4,340 | +5.8% |
| Other operating charges | 640/8 | €13,636 | €17,660 | +€4,024 | +29.5% |
| Gross operating margin | 9900 | €81,130 | €74,000 | -€7,130 | -8.8% |
| Operating profit (loss) | 9901 | -€7,143 | -€22,637 | -€15,494 | -216.9% |
| Financial income | 75/76B | €95 | €187 | +€92 | +96.8% |
| Recurring financial income | 75 | €95 | €187 | +€92 | +96.8% |
| Financial charges | 65/66B | €40,428 | €30,006 | -€10,421 | -25.8% |
| Recurring financial charges | 65 | €40,428 | €30,006 | -€10,421 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | -€47,476 | -€52,456 | -€4,981 | -10.5% |
| Transfer from deferred taxes | 780 | €32 | €16,253 | +€16,221 | +51170.8% |
| Profit (loss) for the period | 9904 | -€47,444 | -€36,203 | +€11,241 | +23.7% |
| Transfer from tax-exempt reserves | 789 | - | €56,556 | +€56,556 | |
| Profit (loss) for the period to be appropriated | 9905 | -€47,444 | €20,353 | +€67,797 |
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 8 October 2026 via checked.be.