PROGREDI: 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.
PROGREDI
Largest movements
- Financial fixed assets -€30,000
down €30,000 (-76.7%), from €39,114 to €9,114
- Cash +€4,001
up €4,001 (+14.0%), from €28,479 to €32,480
mainly Investment in fixed assets (net) (+€30,000) and Trade debts (+€3,914)
- Receivables within one year +€2,622
up €2,622 (+45.0%), from €5,829 to €8,451
of which Trade receivables: +€3,256
- Deferred charges and accrued income -€803
down €803 (-80.3%), from €1,000 to €197
- Reserves -€28,768
down €28,768 (-47.9%), from €60,036 to €31,268
of which Distributable reserves: -€28,768
- Trade debts +€3,914
up €3,914 (+216.6%), from €1,807 to €5,721
- Financial charges +€29,968
up €29,968 (+19666.4%), from €152 to €30,120
- Gross operating margin +€9,685
up €9,685, from -€7,967 to €1,718
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 | €74,422 | €50,242 | -€24,179 | -32.5% |
| Fixed assets | 21/28 | €39,114 | €9,114 | -€30,000 | -76.7% |
| Financial fixed assets | 28 | €39,114 | €9,114 | -€30,000 | -76.7% |
| Current assets | 29/58 | €35,308 | €41,128 | +€5,821 | +16.5% |
| Amounts receivable within one year | 40/41 | €5,829 | €8,451 | +€2,622 | +45.0% |
| Trade receivables | 40 | €4,894 | €8,150 | +€3,256 | +66.5% |
| Other amounts receivable | 41 | €935 | €302 | -€633 | -67.7% |
| Cash at bank and in hand | 54/58 | €28,479 | €32,480 | +€4,001 | +14.0% |
| Deferred charges and accrued income | 490/1 | €1,000 | €197 | -€803 | -80.3% |
| Total equity and liabilities | 10/49 | €74,422 | €50,242 | -€24,179 | -32.5% |
| Equity | 10/15 | €72,536 | €43,768 | -€28,768 | -39.7% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €60,036 | €31,268 | -€28,768 | -47.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Distributable reserves | 133 | €60,036 | €31,268 | -€28,768 | -47.9% |
| Amounts payable | 17/49 | €1,886 | €6,475 | +€4,589 | +243.3% |
| Amounts payable within one year | 42/48 | €1,807 | €6,005 | +€4,198 | +232.3% |
| Trade debts | 44 | €1,807 | €5,721 | +€3,914 | +216.6% |
| Suppliers | 440/4 | €1,807 | €5,721 | +€3,914 | +216.6% |
| Taxes, remuneration and social security | 45 | - | €284 | +€284 | |
| Taxes | 450/3 | - | €284 | +€284 | |
| Accrued charges and deferred income | 492/3 | €79 | €470 | +€391 | +494.6% |
| Other operating charges | 640/8 | €502 | €507 | +€5 | +1.0% |
| Gross operating margin | 9900 | -€7,967 | €1,718 | +€9,685 | |
| Operating profit (loss) | 9901 | -€8,469 | €1,211 | +€9,680 | |
| Financial income | 75/76B | €123 | €141 | +€18 | +14.7% |
| Recurring financial income | 75 | €123 | €141 | +€18 | +14.7% |
| Financial charges | 65/66B | €152 | €30,120 | +€29,968 | +19666.4% |
| Recurring financial charges | 65 | €152 | €30,120 | +€29,968 | +19666.4% |
| Profit (loss) for the period before taxes | 9903 | -€8,498 | -€28,768 | -€20,270 | -238.5% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€8,498 | -€28,768 | -€20,270 | -238.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,498 | -€28,768 | -€20,270 | -238.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.