PROGEST: 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.
PROGEST
Largest movements
- Tangible fixed assets +€197,494
up €197,494 (+8.6%), from €2.3m to €2.5m
- Other debts +€297,025
up €297,025 (+10.9%), from €2.7m to €3.0m
- Profit (loss) carried forward -€93,796
down €93,796 (-35.1%), from -€267,008 to -€360,804
- Gross operating margin +€67,673
up €67,673 (+68.1%), from €99,442 to €167,115
- Turnover +€56,908
up €56,908 (+35.1%), from €162,119 to €219,027
- Depreciation +€25,660
up €25,660 (+21.0%), from €122,343 to €148,003
- Purchases and services -€10,765
down €10,765 (-17.2%), from €62,677 to €51,912
- Other operating charges +€10,187
up €10,187 (+59.3%), from €17,191 to €27,378
From the 2022 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,578,414 | €2,778,439 | +€200,025 | +7.8% |
| Fixed assets | 21/28 | €2,306,743 | €2,504,237 | +€197,494 | +8.6% |
| Tangible fixed assets | 22/27 | €2,306,390 | €2,503,884 | +€197,494 | +8.6% |
| Land and buildings | 22 | €2,306,390 | €2,503,884 | +€197,494 | +8.6% |
| Financial fixed assets | 28 | €353 | €353 | = | 0.0% |
| Current assets | 29/58 | €271,671 | €274,202 | +€2,531 | +0.9% |
| Stocks and contracts in progress | 3 | €236,054 | €236,054 | = | 0.0% |
| Stocks | 30/36 | €236,054 | €236,054 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €671 | €214 | -€457 | -68.1% |
| Trade receivables | 40 | €671 | - | -€671 | |
| Other amounts receivable | 41 | - | €214 | +€214 | |
| Cash at bank and in hand | 54/58 | €34,946 | €37,934 | +€2,988 | +8.6% |
| Total equity and liabilities | 10/49 | €2,578,414 | €2,778,439 | +€200,025 | +7.8% |
| Equity | 10/15 | -€164,998 | -€258,794 | -€93,796 | -56.8% |
| Contributions | 10/11 | €100,150 | €100,150 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€267,008 | -€360,804 | -€93,796 | -35.1% |
| Amounts payable | 17/49 | €2,743,412 | €3,037,233 | +€293,821 | +10.7% |
| Amounts payable within one year | 42/48 | €2,738,710 | €3,032,531 | +€293,821 | +10.7% |
| Trade debts | 44 | €3,218 | €111 | -€3,107 | -96.6% |
| Suppliers | 440/4 | €3,218 | €111 | -€3,107 | -96.6% |
| Taxes, remuneration and social security | 45 | €97 | - | -€97 | |
| Taxes | 450/3 | €97 | - | -€97 | |
| Other amounts payable | 47/48 | €2,735,395 | €3,032,420 | +€297,025 | +10.9% |
| Accrued charges and deferred income | 492/3 | €4,702 | €4,702 | = | 0.0% |
| Turnover | 70 | €162,119 | €219,027 | +€56,908 | +35.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €62,677 | €51,912 | -€10,765 | -17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122,343 | €148,003 | +€25,660 | +21.0% |
| Other operating charges | 640/8 | €17,191 | €27,378 | +€10,187 | +59.3% |
| Gross operating margin | 9900 | €99,442 | €167,115 | +€67,673 | +68.1% |
| Operating profit (loss) | 9901 | -€40,092 | -€8,266 | +€31,826 | +79.4% |
| Financial income | 75/76B | €42 | €132 | +€90 | +214.3% |
| Recurring financial income | 75 | €42 | €132 | +€90 | +214.3% |
| Financial charges | 65/66B | - | €3 | +€3 | |
| Recurring financial charges | 65 | - | €3 | +€3 | |
| Profit (loss) for the period before taxes | 9903 | -€40,050 | -€8,137 | +€31,913 | +79.7% |
| Profit (loss) for the period | 9904 | -€40,050 | -€8,137 | +€31,913 | +79.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,050 | -€8,137 | +€31,913 | +79.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.