PROGREEN: what changed
PROGREEN
Largest movements
- Receivables within one year +€43,845
up €43,845 (+82.7%), from €52,993 to €96,838
of which Trade receivables: +€42,898
- Cash -€37,860
down €37,860 (-31.1%), from €121,823 to €83,963
mainly Advances received (-€118,486) and Receivables within one year (-€43,845)
- Tangible fixed assets -€30,640
down €30,640 (-8.9%), from €343,888 to €313,248
of which Leasing and similar rights: -€25,780
- Advances received -€118,486
down €118,486 (-100%), from €118,486 to €0
- Trade debts +€55,920
up €55,920 (+1,108%), from €5,049 to €60,969
- Debts after one year -€42,136
down €42,136 (-20.1%), from €209,798 to €167,662
- Profit (loss) carried forward +€34,703
up €34,703 (+95.7%), from €36,281 to €70,984
- Reserves +€30,000
up €30,000 (+100%), from €30,000 to €60,000
- Gross operating margin +€28,093
up €28,093 (+9.5%), from €296,507 to €324,600
- Other operating charges -€11,711
down €11,711 (-59.7%), from €19,632 to €7,921
- Depreciation +€8,932
up €8,932 (+41.1%), from €21,708 to €30,640
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €522,303 | €499,464 | -€22,839 | -4.4% |
| Fixed assets | 21/28 | €345,320 | €314,680 | -€30,640 | -8.9% |
| Tangible fixed assets | 22/27 | €343,888 | €313,248 | -€30,640 | -8.9% |
| Land and buildings | 22 | €223,766 | €221,269 | -€2,498 | -1.1% |
| Plant, machinery and equipment | 23 | €7,018 | €4,710 | -€2,308 | -32.9% |
| Furniture and vehicles | 24 | €55 | €0 | -€55 | -100% |
| Leasing and similar rights | 25 | €113,049 | €87,270 | -€25,780 | -22.8% |
| Financial fixed assets | 28 | €1,432 | €1,432 | = | 0.0% |
| Current assets | 29/58 | €176,983 | €184,784 | +€7,801 | +4.4% |
| Amounts receivable within one year | 40/41 | €52,993 | €96,838 | +€43,845 | +82.7% |
| Trade receivables | 40 | €26,942 | €69,840 | +€42,898 | +159% |
| Other amounts receivable | 41 | €26,052 | €26,999 | +€947 | +3.6% |
| Cash at bank and in hand | 54/58 | €121,823 | €83,963 | -€37,860 | -31.1% |
| Deferred charges and accrued income | 490/1 | €2,166 | €3,983 | +€1,816 | +83.9% |
| Total equity and liabilities | 10/49 | €522,303 | €499,464 | -€22,839 | -4.4% |
| Equity | 10/15 | €80,541 | €145,244 | +€64,703 | +80.3% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €30,000 | €60,000 | +€30,000 | +100% |
| Distributable reserves | 133 | €30,000 | €60,000 | +€30,000 | +100% |
| Profit (loss) carried forward | 14 | €36,281 | €70,984 | +€34,703 | +95.7% |
| Amounts payable | 17/49 | €441,762 | €354,220 | -€87,542 | -19.8% |
| Amounts payable after more than one year | 17 | €209,798 | €167,662 | -€42,136 | -20.1% |
| Financial debts | 170/4 | €209,798 | €167,662 | -€42,136 | -20.1% |
| Amounts payable within one year | 42/48 | €231,964 | €186,558 | -€45,406 | -19.6% |
| Current portion of amounts payable after more than one year | 42 | €41,681 | €44,054 | +€2,373 | +5.7% |
| Trade debts | 44 | €5,049 | €60,969 | +€55,920 | +1,108% |
| Suppliers | 440/4 | €5,049 | €60,969 | +€55,920 | +1,108% |
| Advances received on contracts in progress | 46 | €118,486 | €0 | -€118,486 | -100% |
| Taxes, remuneration and social security | 45 | €57,044 | €72,894 | +€15,849 | +27.8% |
| Taxes | 450/3 | €36,848 | €50,577 | +€13,729 | +37.3% |
| Remuneration and social security | 454/9 | €20,196 | €22,317 | +€2,121 | +10.5% |
| Other amounts payable | 47/48 | €9,704 | €8,641 | -€1,063 | -11.0% |
| Remuneration, social security and pensions | 62 | €183,982 | €183,930 | -€53 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,708 | €30,640 | +€8,932 | +41.1% |
| Other operating charges | 640/8 | €19,632 | €7,921 | -€11,711 | -59.7% |
| Gross operating margin | 9900 | €296,507 | €324,600 | +€28,093 | +9.5% |
| Operating profit (loss) | 9901 | €71,185 | €102,109 | +€30,924 | +43.4% |
| Financial income | 75/76B | €1,150 | €1,773 | +€623 | +54.2% |
| Recurring financial income | 75 | €1,150 | €1,773 | +€623 | +54.2% |
| Financial charges | 65/66B | €9,285 | €9,933 | +€648 | +7.0% |
| Recurring financial charges | 65 | €9,285 | €9,933 | +€648 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | €63,050 | €93,949 | +€30,900 | +49.0% |
| Income taxes | 67/77 | €29,940 | €29,246 | -€694 | -2.3% |
| Profit (loss) for the period | 9904 | €33,110 | €64,703 | +€31,594 | +95.4% |
| Profit (loss) for the period to be appropriated | 9905 | €33,110 | €64,703 | +€31,594 | +95.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.