PROGRA: 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.
What changed
PROGRA
NACE 10.410, Manufacture of food products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€5.3m
2024 · €3.6m+€1.7m
Equity
€25.6m
2024 · €20.2m+€5.3m
Cash
€66
2024 · €3+€63
Balance sheet total
€28.6m
2024 · €22.4m+€6.1m
Largest movements
Assets
- Receivables within one year +€4.6m
up €4.6m (+40.7%), from €11.2m to €15.7m
of which Other amounts receivable: +€4.6m
- Tangible fixed assets +€882,711
up €882,711 (+26.6%), from €3.3m to €4.2m
of which Plant, machinery and equipment: +€857,673
- Stocks and contracts +€490,980
up €490,980 (+136.7%), from €359,175 to €850,156
Equity and liabilities
- Reserves +€5.3m
up €5.3m (+26.6%), from €20.1m to €25.5m
of which Distributable reserves: +€5.3m
- Tax, wage and social debts +€485,592
up €485,592 (+61.3%), from €791,619 to €1.3m
of which Taxes: +€484,376
- Trade debts +€313,157
up €313,157 (+22.9%), from €1.4m to €1.7m
Income statement
- Turnover +€1.1m
up €1.1m (+4.6%), from €24.7m to €25.8m
- Goods and materials -€588,533
down €588,533 (-3.9%), from €15.2m to €14.7m
of which Purchases: -€589,838
- Taxes +€540,536
up €540,536 (+42.7%), from €1.3m to €1.8m
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
€3.6m
Turnover
+€1.1m
Other operating income
+€19,478
Goods and materials
+€588,533
Services and other goods
-€109,574
Staff costs
-€83,975
Depreciation
-€82,402
Other operating charges
-€3,428
Other operating items
+€733,468
Financial income
+€50,386
Financial charges
-€3,562
Taxes
-€540,536
Result 2025
€5.3m
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.
From operations
+€1.7m
Investment
-€1.7m
Financing
€0
Cash 2024
€3
From operations (derived)
+€1.7m
Net result for the year
+€5.3m
Depreciation
+€551,865
Stocks and contracts
-€490,980
Receivables within one year
-€4.6m
Deferred charges and accrued income
+€61,422
Trade debts
+€313,157
Tax, wage and social debts
+€485,592
Accrued charges and deferred income
-€10,289
Investment (derived)
-€1.7m
Investment in fixed assets (net)
-€1.7m
Cash 2025
€66
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,417,349 | €28,550,528 | +€6.1m | +27.4% |
| Fixed assets | 21/28 | €10,585,032 | €11,730,308 | +€1.1m | +10.8% |
| Intangible fixed assets | 21 | €17,931 | €8,586 | -€9,345 | -52.1% |
| Tangible fixed assets | 22/27 | €3,316,158 | €4,198,869 | +€882,711 | +26.6% |
| Land and buildings | 22 | €946,108 | €956,955 | +€10,847 | +1.1% |
| Plant, machinery and equipment | 23 | €2,349,196 | €3,206,869 | +€857,673 | +36.5% |
| Furniture and vehicles | 24 | €20,854 | €35,046 | +€14,191 | +68.1% |
| Financial fixed assets | 28 | €7,250,943 | €7,522,853 | +€271,910 | +3.8% |
| Affiliated companies | 280/1 | €7,250,943 | €7,522,853 | +€271,910 | +3.8% |
| Amounts receivable | 281 | €7,250,943 | €7,522,853 | +€271,910 | +3.8% |
| Current assets | 29/58 | €11,832,317 | €16,820,219 | +€5.0m | +42.2% |
| Stocks and contracts in progress | 3 | €359,175 | €850,156 | +€490,980 | +136.7% |
| Stocks | 30/36 | €359,175 | €850,156 | +€490,980 | +136.7% |
| Raw materials and consumables | 30/31 | €29,495 | €25,064 | -€4,431 | -15.0% |
| Finished goods | 33 | €329,680 | €825,092 | +€495,411 | +150.3% |
| Amounts receivable within one year | 40/41 | €11,190,323 | €15,748,605 | +€4.6m | +40.7% |
| Trade receivables | 40 | €1,657,053 | €1,657,469 | +€416 | 0.0% |
| Other amounts receivable | 41 | €9,533,270 | €14,091,136 | +€4.6m | +47.8% |
| Cash at bank and in hand | 54/58 | €3 | €66 | +€63 | +2040.7% |
| Deferred charges and accrued income | 490/1 | €282,815 | €221,393 | -€61,422 | -21.7% |
| Total equity and liabilities | 10/49 | €22,417,349 | €28,550,528 | +€6.1m | +27.4% |
| Equity | 10/15 | €20,246,861 | €25,591,580 | +€5.3m | +26.4% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €20,121,861 | €25,466,580 | +€5.3m | +26.6% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Distributable reserves | 133 | €20,109,361 | €25,454,080 | +€5.3m | +26.6% |
| Amounts payable | 17/49 | €2,170,488 | €2,958,948 | +€788,460 | +36.3% |
| Amounts payable within one year | 42/48 | €2,160,199 | €2,958,948 | +€798,749 | +37.0% |
| Trade debts | 44 | €1,368,279 | €1,681,436 | +€313,157 | +22.9% |
| Suppliers | 440/4 | €1,368,279 | €1,681,436 | +€313,157 | +22.9% |
| Taxes, remuneration and social security | 45 | €791,619 | €1,277,211 | +€485,592 | +61.3% |
| Taxes | 450/3 | €655,090 | €1,139,466 | +€484,376 | +73.9% |
| Remuneration and social security | 454/9 | €136,530 | €137,746 | +€1,216 | +0.9% |
| Other amounts payable | 47/48 | €300 | €300 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €10,289 | €0 | -€10,289 | -100.0% |
| Operating income | 70/76A | €24,472,778 | €26,363,908 | +€1.9m | +7.7% |
| Turnover | 70 | €24,665,921 | €25,805,990 | +€1.1m | +4.6% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€236,173 | €495,411 | +€731,584 | |
| Other operating income | 74 | €43,029 | €62,507 | +€19,478 | +45.3% |
| Operating charges | 60/66A | €20,008,399 | €19,697,361 | -€311,038 | -1.6% |
| Goods for resale, raw materials and consumables | 60 | €15,246,734 | €14,658,201 | -€588,533 | -3.9% |
| Purchases | 600/8 | €15,243,608 | €14,653,770 | -€589,838 | -3.9% |
| Change in stocks: decrease (increase) | 609 | €3,126 | €4,431 | +€1,305 | +41.7% |
| Services and other goods | 61 | €3,505,139 | €3,614,713 | +€109,574 | +3.1% |
| Remuneration, social security and pensions | 62 | €753,167 | €837,143 | +€83,975 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €469,464 | €551,865 | +€82,402 | +17.6% |
| Other operating charges | 640/8 | €32,010 | €35,439 | +€3,428 | +10.7% |
| Non-recurring operating charges | 66A | €1,885 | €0 | -€1,885 | -100.0% |
| Operating profit (loss) | 9901 | €4,464,379 | €6,666,547 | +€2.2m | +49.3% |
| Financial income | 75/76B | €447,892 | €498,278 | +€50,386 | +11.2% |
| Recurring financial income | 75 | €447,892 | €498,278 | +€50,386 | +11.2% |
| Income from financial fixed assets | 750 | €272,655 | €206,134 | -€66,522 | -24.4% |
| Income from current assets | 751 | €166,483 | €286,673 | +€120,190 | +72.2% |
| Other financial income | 752/9 | €8,753 | €5,471 | -€3,282 | -37.5% |
| Financial charges | 65/66B | €10,121 | €13,683 | +€3,562 | +35.2% |
| Recurring financial charges | 65 | €10,121 | €13,683 | +€3,562 | +35.2% |
| Debt charges | 650 | €0 | - | = | |
| Other financial charges | 652/9 | €10,121 | €13,683 | +€3,562 | +35.2% |
| Profit (loss) for the period before taxes | 9903 | €4,902,150 | €7,151,141 | +€2.2m | +45.9% |
| Income taxes | 67/77 | €1,265,886 | €1,806,422 | +€540,536 | +42.7% |
| Taxes | 670/3 | €1,265,886 | €1,806,422 | +€540,536 | +42.7% |
| Profit (loss) for the period | 9904 | €3,636,264 | €5,344,719 | +€1.7m | +47.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,636,264 | €5,344,719 | +€1.7m | +47.0% |
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 5 October 2026 via checked.be.