PROGEST IMMO: 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 IMMO
Largest movements
- Cash -€66,554
down €66,554 (-64.3%), from €103,491 to €36,937
mainly Debts after one year (-€143,735) and Trade debts (-€44,691)
- Tangible fixed assets -€59,338
down €59,338 (-4.3%), from €1.4m to €1.3m
- Receivables within one year -€38,613
down €38,613 (-22.7%), from €170,439 to €131,825
of which Trade receivables: -€38,451
- Debts after one year -€143,735
down €143,735 (-9.4%), from €1.5m to €1.4m
- Other debts +€73,075
up €73,075 (+170.1%), from €42,970 to €116,045
- Trade debts -€44,691
down €44,691 (-64.9%), from €68,866 to €24,175
- Profit (loss) carried forward -€39,165
down €39,165 (-17.5%), from -€223,293 to -€262,458
- Depreciation -€54,741
down €54,741 (-48.0%), from €114,079 to €59,338
- Other operating charges +€31,332
up €31,332 (+3238.4%), from €968 to €32,299
- Gross operating margin -€24,098
down €24,098 (-19.7%), from €122,171 to €98,073
- Financial charges +€10,254
up €10,254 (+25.0%), from €40,971 to €51,225
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 | €1,665,030 | €1,500,625 | -€164,406 | -9.9% |
| Fixed assets | 21/28 | €1,390,354 | €1,331,015 | -€59,338 | -4.3% |
| Tangible fixed assets | 22/27 | €1,390,354 | €1,331,015 | -€59,338 | -4.3% |
| Land and buildings | 22 | €1,390,354 | €1,331,015 | -€59,338 | -4.3% |
| Current assets | 29/58 | €274,677 | €169,609 | -€105,067 | -38.3% |
| Amounts receivable within one year | 40/41 | €170,439 | €131,825 | -€38,613 | -22.7% |
| Trade receivables | 40 | €169,150 | €130,700 | -€38,451 | -22.7% |
| Other amounts receivable | 41 | €1,289 | €1,126 | -€163 | -12.6% |
| Cash at bank and in hand | 54/58 | €103,491 | €36,937 | -€66,554 | -64.3% |
| Deferred charges and accrued income | 490/1 | €746 | €846 | +€100 | +13.4% |
| Total equity and liabilities | 10/49 | €1,665,030 | €1,500,625 | -€164,406 | -9.9% |
| Equity | 10/15 | -€151,548 | -€194,674 | -€43,126 | -28.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€223,293 | -€262,458 | -€39,165 | -17.5% |
| Investment grants | 15 | €53,145 | €49,184 | -€3,961 | -7.5% |
| Provisions and deferred taxes | 16 | €22,324 | €20,660 | -€1,664 | -7.5% |
| Deferred taxes | 168 | €22,324 | €20,660 | -€1,664 | -7.5% |
| Amounts payable | 17/49 | €1,794,255 | €1,674,639 | -€119,616 | -6.7% |
| Amounts payable after more than one year | 17 | €1,528,966 | €1,385,231 | -€143,735 | -9.4% |
| Financial debts | 170/4 | €1,528,966 | €1,385,231 | -€143,735 | -9.4% |
| Amounts payable within one year | 42/48 | €265,289 | €289,408 | +€24,119 | +9.1% |
| Current portion of amounts payable after more than one year | 42 | €142,194 | €143,735 | +€1,541 | +1.1% |
| Trade debts | 44 | €68,866 | €24,175 | -€44,691 | -64.9% |
| Suppliers | 440/4 | €68,866 | €24,175 | -€44,691 | -64.9% |
| Taxes, remuneration and social security | 45 | €11,259 | €5,453 | -€5,806 | -51.6% |
| Taxes | 450/3 | €11,259 | €5,453 | -€5,806 | -51.6% |
| Other amounts payable | 47/48 | €42,970 | €116,045 | +€73,075 | +170.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,079 | €59,338 | -€54,741 | -48.0% |
| Other operating charges | 640/8 | €968 | €32,299 | +€31,332 | +3238.4% |
| Gross operating margin | 9900 | €122,171 | €98,073 | -€24,098 | -19.7% |
| Operating profit (loss) | 9901 | €7,125 | €6,435 | -€689 | -9.7% |
| Financial income | 75/76B | €3,961 | €3,961 | -€0 | 0.0% |
| Recurring financial income | 75 | €3,961 | €3,961 | -€0 | 0.0% |
| Financial charges | 65/66B | €40,971 | €51,225 | +€10,254 | +25.0% |
| Recurring financial charges | 65 | €40,971 | €51,225 | +€10,254 | +25.0% |
| Profit (loss) for the period before taxes | 9903 | -€29,885 | -€40,829 | -€10,943 | -36.6% |
| Transfer from deferred taxes | 780 | €1,664 | €1,664 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€28,221 | -€39,165 | -€10,943 | -38.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,221 | -€39,165 | -€10,943 | -38.8% |
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 2 October 2026 via checked.be.