PROGESMA: 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.
PROGESMA
Largest movements
- Cash +€42,474
up €42,474 (+67.6%), from €62,787 to €105,262
mainly Other debts (+€123,287) and Net result for the year (+€44,220)
- Receivables within one year -€7,992
down €7,992 (-38.0%), from €21,034 to €13,042
of which Trade receivables: -€13,472
- Other debts +€123,287
up €123,287, from €0 to €123,287
- Profit (loss) carried forward -€79,066
no longer reported in 2025 (was €79,066)
- Tax, wage and social debts -€10,087
down €10,087 (-56.1%), from €17,985 to €7,898
- Gross operating margin +€11,431
up €11,431 (+25.6%), from €44,578 to €56,010
- Taxes +€2,616
up €2,616 (+28.4%), from €9,218 to €11,833
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 | €109,703 | €143,321 | +€33,618 | +30.6% |
| Current assets | 29/58 | €109,703 | €143,321 | +€33,618 | +30.6% |
| Amounts receivable after more than one year | 29 | €25,000 | €25,000 | = | 0.0% |
| Other amounts receivable | 291 | €25,000 | €25,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €21,034 | €13,042 | -€7,992 | -38.0% |
| Trade receivables | 40 | €13,472 | - | -€13,472 | |
| Other amounts receivable | 41 | €7,562 | €13,042 | +€5,480 | +72.5% |
| Cash at bank and in hand | 54/58 | €62,787 | €105,262 | +€42,474 | +67.6% |
| Deferred charges and accrued income | 490/1 | €882 | €18 | -€864 | -98.0% |
| Total equity and liabilities | 10/49 | €109,703 | €143,321 | +€33,618 | +30.6% |
| Equity | 10/15 | €90,622 | €11,555 | -€79,066 | -87.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €8,555 | €8,555 | = | 0.0% |
| Distributable reserves | 133 | €8,555 | €8,555 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,066 | - | -€79,066 | |
| Amounts payable | 17/49 | €19,082 | €131,766 | +€112,684 | +590.5% |
| Amounts payable within one year | 42/48 | €19,082 | €131,766 | +€112,684 | +590.5% |
| Trade debts | 44 | €1,097 | €581 | -€516 | -47.0% |
| Suppliers | 440/4 | €1,097 | €581 | -€516 | -47.0% |
| Taxes, remuneration and social security | 45 | €17,985 | €7,898 | -€10,087 | -56.1% |
| Taxes | 450/3 | €17,985 | €7,898 | -€10,087 | -56.1% |
| Other amounts payable | 47/48 | €0 | €123,287 | +€123,287 | |
| Other operating charges | 640/8 | €147 | €400 | +€253 | +171.7% |
| Gross operating margin | 9900 | €44,578 | €56,010 | +€11,431 | +25.6% |
| Operating profit (loss) | 9901 | €44,431 | €55,610 | +€11,179 | +25.2% |
| Financial income | 75/76B | €763 | €1,206 | +€442 | +57.9% |
| Recurring financial income | 75 | €763 | €1,206 | +€442 | +57.9% |
| Financial charges | 65/66B | €820 | €762 | -€58 | -7.1% |
| Recurring financial charges | 65 | €820 | €762 | -€58 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €44,375 | €56,053 | +€11,678 | +26.3% |
| Income taxes | 67/77 | €9,218 | €11,833 | +€2,616 | +28.4% |
| Profit (loss) for the period | 9904 | €35,157 | €44,220 | +€9,063 | +25.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,157 | €44,220 | +€9,063 | +25.8% |
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.