Progr3ss: 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.
What changed
Progr3ss
NACE 43.990, Other specialised construction activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €1.0m+€93,051
Equity
€2.6m
2024 · €1.9m+€649,693
Cash
€591,682
2024 · €90,343+€501,339
Balance sheet total
€5.3m
2024 · €3.5m+€1.9m
Largest movements
Assets
- Stocks and contracts +€734,450
up €734,450 (+307%), from €239,247 to €973,697
of which Contracts in progress: +€734,185
- Cash +€501,339
up €501,339 (+555%), from €90,343 to €591,682
mainly Net result for the year (+€1.1m) and Advances received (+€1.1m)
- Current investments +€343,783
up €343,783 (+18.7%), from €1.8m to €2.2m
- Receivables after one year +€200,000
up €200,000 (+200%), from €100,000 to €300,000
Equity and liabilities
- Advances received +€1.1m
up €1.1m (+512%), from €208,893 to €1.3m
- Reserves +€649,650
up €649,650 (+36.3%), from €1.8m to €2.4m
- Trade debts +€205,350
up €205,350 (+27.3%), from €752,397 to €957,747
- Accrued charges and deferred income -€70,611
no longer reported in 2025 (was €70,611)
Income statement
- Financial income +€216,096
up €216,096 (+433%), from €49,894 to €265,990
- Gross operating margin -€43,519
down €43,519 (-3.3%), from €1.3m to €1.3m
- Staff costs +€36,200
up €36,200 (+571%), from €6,339 to €42,539
- Other operating charges +€22,122
up €22,122 (+396%), from €5,588 to €27,709
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.
Result 2024
€1.0m
Gross operating margin
-€43,519
Staff costs
-€36,200
Depreciation
-€10,737
Other operating charges
-€22,122
Other operating items
+€776
Financial income
+€216,096
Financial charges
-€8,781
Taxes
-€2,461
Result 2025
€1.1m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€1.4m
Investment
-€441,762
Financing
-€488,805
Cash 2024
€90,343
From operations (derived)
+€1.4m
Net result for the year
+€1.1m
Depreciation
+€55,631
Receivables after one year
-€200,000
Stocks and contracts
-€734,450
Receivables within one year
-€23,483
Deferred charges and accrued income
-€5,807
Trade debts
+€205,350
Tax, wage and social debts
+€4,909
Advances received
+€1.1m
Other debts
+€836
Accrued charges and deferred income
-€70,611
Investment (derived)
-€441,762
Investment in fixed assets (net)
-€97,979
Current investments
-€343,783
Financing
-€488,805
Debts after one year
-€1,493
Current portion of long-term debt
-€7,312
Contributions, distributions and other
-€480,000
Cash 2025
€591,682
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,468,146 | €5,319,357 | +€1.9m | +53.4% |
| Fixed assets | 21/28 | €183,120 | €225,468 | +€42,348 | +23.1% |
| Intangible fixed assets | 21 | €2,399 | €1,699 | -€700 | -29.2% |
| Tangible fixed assets | 22/27 | €173,920 | €216,969 | +€43,048 | +24.8% |
| Plant, machinery and equipment | 23 | €53,237 | €82,907 | +€29,670 | +55.7% |
| Furniture and vehicles | 24 | €93,744 | €117,920 | +€24,176 | +25.8% |
| Leasing and similar rights | 25 | €14,389 | €7,612 | -€6,777 | -47.1% |
| Other tangible fixed assets | 26 | €12,551 | €8,530 | -€4,022 | -32.0% |
| Financial fixed assets | 28 | €6,800 | €6,800 | = | 0.0% |
| Current assets | 29/58 | €3,285,027 | €5,093,889 | +€1.8m | +55.1% |
| Amounts receivable after more than one year | 29 | €100,000 | €300,000 | +€200,000 | +200% |
| Other amounts receivable | 291 | €100,000 | €300,000 | +€200,000 | +200% |
| Stocks and contracts in progress | 3 | €239,247 | €973,697 | +€734,450 | +307% |
| Stocks | 30/36 | €625 | €890 | +€265 | +42.4% |
| Contracts in progress | 37 | €238,622 | €972,807 | +€734,185 | +308% |
| Amounts receivable within one year | 40/41 | €1,009,668 | €1,033,152 | +€23,483 | +2.3% |
| Trade receivables | 40 | €920,503 | €763,967 | -€156,536 | -17.0% |
| Other amounts receivable | 41 | €89,166 | €269,185 | +€180,019 | +202% |
| Current investments | 50/53 | €1,842,634 | €2,186,417 | +€343,783 | +18.7% |
| Cash at bank and in hand | 54/58 | €90,343 | €591,682 | +€501,339 | +555% |
| Deferred charges and accrued income | 490/1 | €3,135 | €8,941 | +€5,807 | +185% |
| Total equity and liabilities | 10/49 | €3,468,146 | €5,319,357 | +€1.9m | +53.4% |
| Equity | 10/15 | €1,942,165 | €2,591,858 | +€649,693 | +33.5% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €1,792,050 | €2,441,700 | +€649,650 | +36.3% |
| Distributable reserves | 133 | €1,792,050 | €2,441,700 | +€649,650 | +36.3% |
| Profit (loss) carried forward | 14 | €115 | €158 | +€43 | +37.7% |
| Amounts payable | 17/49 | €1,525,981 | €2,727,499 | +€1.2m | +78.7% |
| Amounts payable after more than one year | 17 | €1,493 | - | -€1,493 | |
| Financial debts | 170/4 | €1,493 | - | -€1,493 | |
| Amounts payable within one year | 42/48 | €1,453,877 | €2,727,499 | +€1.3m | +87.6% |
| Current portion of amounts payable after more than one year | 42 | €8,805 | €1,493 | -€7,312 | -83.0% |
| Trade debts | 44 | €752,397 | €957,747 | +€205,350 | +27.3% |
| Suppliers | 440/4 | €752,397 | €957,747 | +€205,350 | +27.3% |
| Advances received on contracts in progress | 46 | €208,893 | €1,278,731 | +€1.1m | +512% |
| Taxes, remuneration and social security | 45 | €1,360 | €6,269 | +€4,909 | +361% |
| Taxes | 450/3 | €1,360 | - | -€1,360 | |
| Remuneration and social security | 454/9 | - | €6,269 | +€6,269 | |
| Other amounts payable | 47/48 | €482,422 | €483,258 | +€836 | +0.2% |
| Accrued charges and deferred income | 492/3 | €70,611 | - | -€70,611 | |
| Remuneration, social security and pensions | 62 | €6,339 | €42,539 | +€36,200 | +571% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,895 | €55,631 | +€10,737 | +23.9% |
| Other operating charges | 640/8 | €5,588 | €27,709 | +€22,122 | +396% |
| Non-recurring operating charges | 66A | €776 | - | -€776 | |
| Gross operating margin | 9900 | €1,305,304 | €1,261,785 | -€43,519 | -3.3% |
| Operating profit (loss) | 9901 | €1,247,707 | €1,135,905 | -€111,802 | -9.0% |
| Financial income | 75/76B | €49,894 | €265,990 | +€216,096 | +433% |
| Recurring financial income | 75 | €49,894 | €265,990 | +€216,096 | +433% |
| Financial charges | 65/66B | €6,984 | €15,765 | +€8,781 | +126% |
| Recurring financial charges | 65 | €6,984 | €15,765 | +€8,781 | +126% |
| Profit (loss) for the period before taxes | 9903 | €1,290,617 | €1,386,129 | +€95,513 | +7.4% |
| Income taxes | 67/77 | €253,975 | €256,436 | +€2,461 | +1.0% |
| Profit (loss) for the period | 9904 | €1,036,642 | €1,129,693 | +€93,051 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,036,642 | €1,129,693 | +€93,051 | +9.0% |
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 20 October 2026 via checked.be.