PROGETEC: what changed
Two financial 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.
PROGETEC
Largest movements
- Cash +€33,535
up €33,535 (+109.3%), from €30,688 to €64,223
mainly Net result for the year (+€50,500) and Other debts (+€23,131)
- Receivables within one year -€2,603
down €2,603 (-6.1%), from €42,668 to €40,065
of which Other amounts receivable: -€14,863
- Tangible fixed assets +€1,169
up €1,169 (+21.3%), from €5,489 to €6,658
of which Furniture and vehicles: +€1,931
- Other debts +€23,131
up €23,131 (+115.7%), from €20,000 to €43,131
- Tax, wage and social debts +€8,433
up €8,433 (+64.1%), from €13,148 to €21,581
of which Taxes: +€10,433
- Gross operating margin +€49,923
up €49,923 (+213.8%), from €23,349 to €73,272
- Taxes +€7,405
up €7,405 (+111.0%), from €6,674 to €14,079
- Depreciation +€2,431
up €2,431 (+53.6%), from €4,536 to €6,967
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 | €78,845 | €110,946 | +€32,101 | +40.7% |
| Fixed assets | 21/28 | €5,489 | €6,658 | +€1,169 | +21.3% |
| Tangible fixed assets | 22/27 | €5,489 | €6,658 | +€1,169 | +21.3% |
| Plant, machinery and equipment | 23 | €3,207 | €2,445 | -€762 | -23.8% |
| Furniture and vehicles | 24 | €2,282 | €4,213 | +€1,931 | +84.6% |
| Current assets | 29/58 | €73,356 | €104,288 | +€30,932 | +42.2% |
| Amounts receivable within one year | 40/41 | €42,668 | €40,065 | -€2,603 | -6.1% |
| Trade receivables | 40 | €26,905 | €39,165 | +€12,260 | +45.6% |
| Other amounts receivable | 41 | €15,763 | €900 | -€14,863 | -94.3% |
| Cash at bank and in hand | 54/58 | €30,688 | €64,223 | +€33,535 | +109.3% |
| Total equity and liabilities | 10/49 | €78,845 | €110,946 | +€32,101 | +40.7% |
| Equity | 10/15 | €36,340 | €36,840 | +€500 | +1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,880 | €16,380 | +€500 | +3.1% |
| Amounts payable | 17/49 | €42,505 | €74,106 | +€31,601 | +74.3% |
| Amounts payable within one year | 42/48 | €42,505 | €74,106 | +€31,601 | +74.3% |
| Trade debts | 44 | €9,357 | €9,394 | +€37 | +0.4% |
| Suppliers | 440/4 | €9,357 | €9,394 | +€37 | +0.4% |
| Taxes, remuneration and social security | 45 | €13,148 | €21,581 | +€8,433 | +64.1% |
| Taxes | 450/3 | €11,148 | €21,581 | +€10,433 | +93.6% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €20,000 | €43,131 | +€23,131 | +115.7% |
| Non-recurring operating income | 76A | - | €28 | +€28 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,536 | €6,967 | +€2,431 | +53.6% |
| Other operating charges | 640/8 | €1,645 | €1,543 | -€102 | -6.2% |
| Gross operating margin | 9900 | €23,349 | €73,272 | +€49,923 | +213.8% |
| Operating profit (loss) | 9901 | €17,168 | €64,762 | +€47,594 | +277.2% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €85 | €188 | +€103 | +121.2% |
| Recurring financial charges | 65 | €85 | €188 | +€103 | +121.2% |
| Profit (loss) for the period before taxes | 9903 | €17,083 | €64,579 | +€47,496 | +278.0% |
| Income taxes | 67/77 | €6,674 | €14,079 | +€7,405 | +111.0% |
| Profit (loss) for the period | 9904 | €10,409 | €50,500 | +€40,091 | +385.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,409 | €50,500 | +€40,091 | +385.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.